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SEGMENT FINANCIAL DATA (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Financial Data
Three Months Ended March 31, 2025
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,365 $1,644 $1,208 $1,428 $— $6,645 
Services1,807 734 484 133 19 3,177 
Total Net sales4,172 2,378 1,692 1,561 19 9,822 
Less
Cost of products and services sold2,592 1,384 868 982 
Selling, general and administrative expenses188 366 275 136 
Other segment items1
293 204 109 97 
Total Segment profit$1,099 $424 $440 $346 $(51)$2,258 
Depreciation and amortization$94 $84 $60 $89 $47 $374 
Capital expenditures73 36 23 87 32 251 
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.
Three Months Ended March 31, 2024
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,025 $1,800 $1,057 $1,381 $— $6,263 
Services1,644 678 369 144 2,842 
Total Net sales3,669 2,478 1,426 1,525 7 9,105 
Less
Cost of products and services sold2,217 1,446 764 999 
Selling, general and administrative expenses155 357 218 129 
Other segment items1
262 201 94 94 
Total Segment profit$1,035 $474 $350 $303 $(68)$2,094 
Depreciation and amortization$66 $90 $24 $65 $46 $291 
Capital expenditures73 54 15 79 12 233 
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.
March 31, 2025December 31, 2024
Aerospace Technologies$17,506 $16,966 
Industrial Automation21,344 21,035 
Building Automation11,719 11,438 
Energy and Sustainability Solutions10,420 10,337 
Corporate and All Other14,229 15,420 
Total assets$75,218 $75,196 
A reconciliation of segment profit to consolidated income before taxes are as follows:
Three Months Ended March 31,
20252024
Segment profit$2,258 $2,094 
Interest and other financial charges(286)(220)
Interest income1
90 105 
Amortization of acquisition-related intangibles2
(136)(70)
Impairment of assets held for sale(15)— 
Stock compensation expense3
(61)(53)
Pension ongoing income4
155 145 
Pension mark-to-market expense4
(14)— 
Other postretirement income4
Repositioning and other charges5
(45)(93)
Other expense6
(66)(43)
Income before taxes$1,884 $1,871 
1Amounts included in Other (income) expense.
2Amounts 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.