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SEGMENT FINANCIAL DATA
 9 Months Ended
Sep. 30, 2024
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.
Effective during the first quarter of 2024, the Company realigned certain of its business units comprising its historical Performance Materials and Technologies and Safety and Productivity Solutions reportable business segments by forming two new reportable business segments: Industrial Automation and Energy and Sustainability Solutions. Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, and Warehouse and Workflow Solutions, previously included in Safety and Productivity Solutions, in addition to Process Solutions, previously included in Performance Materials and Technologies. Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies. Further, as part of the realignment, the Company renamed its historical Aerospace and Honeywell Building Technologies reportable business segments to Aerospace Technologies and Building Automation, respectively. This realignment had no impact on the Company’s historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to conform to current period segment presentation.
Effective during the second quarter of 2024, the Company updated its calculation of segment profit to exclude the impact of amortization expense for acquisition-related intangible assets and certain acquisition-related costs. The Company recast historical periods to reflect segment profit under this new basis to facilitate comparability. In the third quarter of 2024, the Company clarified its calculation of segment profit to exclude divestiture-related costs and impairments.
Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes and excluding general corporate unallocated expense, interest and other financial charges, interest income, amortization of acquisition-related intangibles, impairment of assets held for sale, stock compensation expense, pension ongoing and other postretirement income (expense), repositioning and other charges, acquisition- and divestiture-related charges, and other items within Other (income) expense.
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Net sales    
Aerospace Technologies    
Products$2,148 $1,824 $6,300 $5,294 
Services1,764 1,675 5,172 4,657 
Net Aerospace Technologies sales3,912 3,499 11,472 9,951 
Industrial Automation
Products1,755 1,885 5,332 6,105 
Services746 745 2,153 2,055 
Net Industrial Automation sales2,501 2,630 7,485 8,160 
Building Automation
Products1,281 1,172 3,492 3,463 
Services464 358 1,250 1,064 
Net Building Automation sales1,745 1,530 4,742 4,527 
Energy and Sustainability Solutions
Products1,406 1,414 4,206 4,183 
Services157 137 486 396 
Net Energy and Sustainability Solutions sales1,563 1,551 4,692 4,579 
Corporate and All Other
Services7 2 19 5 
Net Corporate and All Other sales7 2 19 5 
Net sales$9,728 $9,212 $28,410 $27,222 
Segment profit
Aerospace Technologies
$1,082 $968 $3,177 $2,729 
Industrial Automation508 519 1,459 1,649 
Building Automation452 392 1,199 1,164 
Energy and Sustainability Solutions383 378 1,091 1,043 
Corporate and All Other(129)(87)(337)(287)
Total segment profit2,296 2,170 6,589 6,298 
Interest and other financial charges(297)(206)(767)(563)
Interest income
110 89 325 241 
Amortization of acquisition-related intangibles(120)(87)(275)(216)
Impairment of assets held for sale(125)— (125)— 
Stock compensation expense1
(45)(39)(153)(148)
Pension ongoing income2
145 131 430 391 
Other postretirement income2
3 6 13 19 
Repositioning and other charges3
(52)(88)(189)(331)
Other expense4
(91)(9)(179)(38)
Income before taxes$1,824 $1,967 $5,669 $5,653 
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.