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SEGMENT FINANCIAL DATA (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Financial Data
 Years Ended December 31,
202320222021
Net sales
Aerospace
Products$7,316 $6,330 $6,158 
Services6,308 5,497 4,868 
Net Aerospace sales13,624 11,827 11,026 
Honeywell Building Technologies
Products4,599 4,591 4,098 
Services1,432 1,409 1,441 
Net Honeywell Building Technologies sales6,031 6,000 5,539 
Performance Materials and Technologies
Products8,916 8,593 8,008 
Services2,590 2,134 2,005 
Net Performance Materials and Technologies sales11,506 10,727 10,013 
Safety and Productivity Solutions
Products4,942 6,446 7,379 
Services547 461 435 
Net Safety and Productivity Solutions sales5,489 6,907 7,814 
Corporate and All Other
Services12 — 
Net Corporate and All Other sales12 5  
 Net sales$36,662 $35,466 $34,392 
Depreciation and amortization
Aerospace$267 $285 $278 
Honeywell Building Technologies107 92 67 
Performance Materials and Technologies468 478 454 
Safety and Productivity Solutions171 191 237 
Corporate and All Other163 158 102 
Total depreciation and amortization$1,176 $1,204 $1,138 
Segment profit
Aerospace$3,741 $3,228 $3,051 
Honeywell Building Technologies1,505 1,439 1,238 
Performance Materials and Technologies2,549 2,354 2,120 
Safety and Productivity Solutions901 1,080 1,029 
Corporate and All Other(392)(412)(226)
Total segment profit$8,304 $7,689 $7,212 
 Years Ended December 31,
202320222021
Capital expenditures
Aerospace$310 $246 $284 
Honeywell Building Technologies79 74 62 
Performance Materials and Technologies462 318 265 
Safety and Productivity Solutions106 50 190 
Corporate and All Other82 78 94 
Total capital expenditures$1,039 $766 $895 
Years Ended December 31,
20232022
Total assets
Aerospace$12,976 $12,189 
Honeywell Building Technologies6,723 6,599 
Performance Materials and Technologies19,732 17,887 
Safety and Productivity Solutions10,342 10,892 
Corporate and All Other11,752 14,708 
Total assets$61,525 $62,275 
Reconciliation of Operating Profit Loss From Segments to Consolidated
A reconciliation of segment profit to consolidated income before taxes are as follows:
 Years Ended December 31,
202320222021
Segment profit$8,304 $7,689 $7,212 
Interest and other financial charges(765)(414)(343)
Interest income321 138 102 
Stock compensation expense1
(202)(188)(217)
Pension ongoing income2
528 993 1,083 
Pension mark-to-market expense(153)(523)(40)
Other postretirement income2
29 41 71 
Repositioning and other charges3
(860)(1,266)(569)
Other expense4
(43)(91)(64)
Income before taxes$7,159 $6,379 $7,235 
1
Amounts included in Selling, general and administrative expenses.
2
Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).
3
Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
4
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.