SEGMENT FINANCIAL DATA

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT FINANCIAL DATA

SEGMENT FINANCIAL DATA

Honeywell globally manages its business operations through four reportable operating segments. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance.

Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense. 

	Three Months Ended March 31,
	2022			2021
Net sales
Aerospace
Products		$	1,461		$	1,515
Services		1,288			1,117
Total		2,749			2,632
Honeywell Building Technologies
Products		1,082			1,009
Services		347			349
Total		1,429			1,358
Performance Materials and Technologies
Products		1,956			1,869
Services		497			477
Total		2,453			2,346
Safety and Productivity Solutions
Products		1,633			2,016
Services		111			102
Total		1,744			2,118
Corporate and All Other
Services		1			—
Total		1			—
		$	8,376		$	8,454
Segment profit
Aerospace		$	753		$	762
Honeywell Building Technologies		336			305
Performance Materials and Technologies		510			434
Safety and Productivity Solutions		253			303
Corporate and All Other		(86)			(29)
Total segment profit		1,766			1,775
Interest and other financial charges		(85)			(90)
Stock compensation expense(a)		(60)			(77)
Pension ongoing income(b)		251			276
Other postretirement income(b)		10			17
Repositioning and other charges(c)		(387)			(141)
Other(d)		10			101
Income before taxes		$	1,505		$	1,861

(a)     Amounts included in Selling, general and administrative expenses.

(b)     Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service cost component) and Other (income) expense (non-service cost component).

(c)     Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.

(d)     Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.