SEGMENT FINANCIAL DATA

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

SEGMENT FINANCIAL DATA

SEGMENT FINANCIAL DATA

Honeywell globally manages its business operations through four reportable business 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,
	2023			2022
Net sales
Aerospace
Products		$	1,672		$	1,461
Services		1,439			1,288
Net Aerospace sales		3,111			2,749
Honeywell Building Technologies
Products		1,132			1,082
Services		355			347
Net Honeywell Building Technologies sales		1,487			1,429
Performance Materials and Technologies
Products		2,182			1,956
Services		567			497
Net Performance Materials and Technologies sales		2,749			2,453
Safety and Productivity Solutions
Products		1,324			1,633
Services		191			111
Net Safety and Productivity Solutions sales		1,515			1,744
Corporate and All Other
Services		2			1
Net Corporate and All Other sales		2			1
Net sales		$	8,864		$	8,376
Segment profit
Aerospace		$	827		$	753
Honeywell Building Technologies		375			336
Performance Materials and Technologies		566			510
Safety and Productivity Solutions		260			253
Corporate and All Other		(81)			(86)
Total segment profit		1,947			1,766
Interest and other financial charges		(170)			(85)
Stock compensation expense(a)		(59)			(60)
Pension ongoing income(b)		130			251
Other postretirement income(b)		6			10
Repositioning and other charges(c)		(141)			(387)
Other(d)		69			10
Income before taxes		$	1,782		$	1,505

(a)	Amounts included in Selling, general and administrative expenses.
(b)	Amounts included in Cost of products and services sold, 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.