SEGMENT FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2024


Year Ended December 31, 2024	Aerospace Technologies		Industrial Automation		Building Automation		Energy and Sustainability Solutions		Corporate and All Other		Total Honeywell
Net sales
Products	$	8,509	$	7,175	$	4,800	$	5,795	$	—	$	26,279
Services	6,949		2,876		1,740		630		24		12,219
Total Net sales	15,458		10,051		6,540		6,425		24		38,498
Less
Cost of products and services sold	9,781		5,880		3,482		4,030



Selling, general and administrative expenses	645		1,392		954		489


Other segment items1	1,044		817		423		384
Total Segment profit	$	3,988	$	1,962	$	1,681	$	1,522	$	(454)	$	8,699










Depreciation and amortization	$	299	$	362	$	198	$	285	$	190	$	1,334
Capital expenditures	371		214		78		373		128		1,164
Total assets	16,966		21,035		11,438		10,337		15,420		75,196


1						For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions.


Year Ended December 31, 2023	Aerospace Technologies		Industrial Automation		Building Automation		Energy and Sustainability Solutions		Corporate and All Other		Total Honeywell
Net sales
Products	$	7,316	$	8,176	$	4,599	$	5,682	$	—	$	25,773
Services	6,308		2,580		1,432		557		12		10,889
Total Net sales	13,624		10,756		6,031		6,239		12		36,662
Less
Cost of products and services sold	8,362		6,379		3,240		3,950



Selling, general and administrative expenses	538		1,361		884		429


Other segment items1	964		807		378		373
Total Segment profit	$	3,760	$	2,209	$	1,529	$	1,487	$	(387)	$	8,598












Depreciation and amortization	$	267	$	386	$	107	$	253	$	163	$	1,176
Capital expenditures	310		194		79		374		82		1,039
Total assets	12,976		22,026		6,723		8,048		11,752		61,525


1						For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions.


Year Ended December 31, 2022	Aerospace Technologies		Industrial Automation		Building Automation		Energy and Sustainability Solutions		Corporate and All Other		Total Honeywell
Net sales
Products	$	6,330	$	9,439	$	4,591	$	5,600	$	—	$	25,960
Services	5,497		2,199		1,409		396		5		9,506
Total Net sales	11,827		11,638		6,000		5,996		5		35,466
Less
Cost of products and services sold	7,183		7,230		3,250		3,673



Selling, general and administrative expenses	430		1,417		910		426


Other segment items1	967		839		376		342
Total Segment profit	$	3,247	$	2,152	$	1,464	$	1,555	$	(396)	$	8,022

Depreciation and amortization	$	285	$	422	$	92	$	247	$	158	$	1,204
Capital expenditures	246		77		74		291		78		766


1						For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions.

A reconciliation of segment profit to consolidated income before taxes are as follows:


	Years Ended December 31,
	2024		2023		2022
Segment profit	$	8,699	$	8,598	$	8,022
Interest and other financial charges	(1,058)		(765)		(414)
Interest income1	426		321		138
Amortization of acquisition-related intangibles2	(415)		(292)		(333)
Impairment of assets held for sale	(219)		—		—
Stock compensation expense3	(194)		(202)		(188)
Pension ongoing income4	592		528		993
Pension mark-to-market expense4	(126)		(153)		(523)
Other postretirement income4	11		29		41
Repositioning and other charges5	(244)		(860)		(1,266)
Other expense6	(259)		(45)		(91)
Income before taxes	$	7,213	$	7,159	$	6,379


1						Amounts included in Other (income) expense.
2						Amounts included in Cost of products and services sold.
3						Amounts included in Selling, general and administrative expenses.
4						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).
5						Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
6						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.