SEGMENT FINANCIAL DATA

12 Months Ended

Dec. 31, 2011

Segment Financial Data [Abstract]

SEGMENT FINANCIAL DATA

Note23. Segment Financial Data

We globally manage our business operations through four reportable operating segments serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, automotive products and chemicals. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. Our four reportable segments are as follows:

•       Aerospace includes Air Transport and Regional, Business and General Aviation and Defense and Space and provides products and services which include auxiliary power units; propulsion engines; environmental control systems; electric power systems, engine controls; repair and overhaul services; flight safety, communications, navigation, radar and surveillance systems; aircraft lighting; management and technical services; logistic services; advanced systems and instruments; and aircraft wheels and brakes.

•       Automation and Control Solutions includes Energy, Safety & Security (controls for heating, cooling, indoor air quality, ventilation, humidification, lighting and home automation; advanced software applications for home/building control and optimization; sensors, switches, control systems and instruments for measuring pressure, air flow, temperature and electrical current; security, fire and gas detection; personal protection equipment; access control; video surveillance equipment; remote patient monitoring systems; and automatic identification and data collection); Process Solutions (provides a full range of automation and control solutions for industrial plants, offering advanced software and automation systems that integrate, control and monitor complex processes in many types of industrial settings as well as equipment that controls, measures and analyzes natural gas production and transportation); and Building Solutions & Distribution (installs, distributes,maintains and upgrades systems that keep buildings safe, comfortable and productive).

•       Performance Materials and Technologies includes Advanced Materials (fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate for fertilizer, specialty films, waxes, additives, advanced fibers, customized research chemicals and intermediates, and electronic materials and chemicals) and UOP (catalysts and adsorbents).

•       Transportation Systems includes turbochargers, thermal systems, brake hard parts and other friction materials.

The accounting policies of the segments are the same as those described in Note 1. Honeywell's senior management evaluates segment performance based on segment profit. Segment profit is measured as business unit income (loss) before taxes excluding general corporate unallocated expense, other income (expense), interest and other financial charges, pension and other postretirement benefits (expense), stock compensation expense, repositioning and other charges and accounting changes.

		Years Ended December 31,
Net Sales		2011		2010		2009
Aerospace
Product	$	6,494	$	5,868	$	5,930
Service		4,981		4,815		4,833
Total		11,475		10,683		10,763
Automation and Control Solutions
Product		13,328		11,733		10,699
Service		2,207		2,016		1,912
Total		15,535		13,749		12,611
Performance Materials and Technologies
Product		5,064		4,449		3,895
Service		595		277		249
Total		5,659		4,726		4,144
Transportation Systems
Product		3,859		3,192		2,432
Service		-		-		-
Total		3,859		3,192		2,432
Corporate
Product		-		-		-
Service		1		-		1
Total		1		-		1
	$	36,529	$	32,350	$	29,951
Depreciation and amortization
Aerospace	$	208	$	224	$	217
Automation and Control Solutions		364		368		352
Performance Materials and Technologies		216		222		209
Transportation Systems		96		97		98
Corporate		64		59		60
	$	948	$	970	$	936
Segment Profit
Aerospace	$	2,023	$	1,835	$	1,893
Automation and Control Solutions		2,083		1,770		1,588
Performance Materials and Technologies		1,042		749		605
Transportation Systems		485		353		61
Corporate		(276)		(222)		(156)
	$	5,357	$	4,485	$	3,991
Capital expenditures
Aerospace	$	174	$	158	$	184
Automation and Control Solutions		153		131		114
Performance Materials and Technologies		282		188		153
Transportation Systems		133		78		66
Corporate		48		89		88
	$	790	$	644	$	605
		December 31,
Total Assets		2011		2010		2009
Aerospace	$	9,109	$	8,604	$	8,386
Automation and Control Solutions		19,127		18,183		15,474
Performance Materials and Technologies		5,402		4,938		4,657
Transportation Systems		1,991		1,806		1,680
Corporate		4,179		4,303		5,796
	$	39,808	$	37,834	$	35,993

A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
		Years Ended December 31,
		2011		2010		2009
Segment Profit	$	5,357	$	4,485	$	3,991
Other income/ (expense)(1)		33		69		28
Interest and other financial charges		(376)		(386)		(458)
Stock compensation expense(2)		(168)		(163)		(117)
Pension expense-ongoing(2)		(105)		(185)		(287)
Pension mark-to-market adjustment(2)		(1,802)		(471)		(741)
Other postretirement income/(expense)(2)		86		(29)		15
Repositioning and other charges (2)		(743)		(598)		(467)
Income from continuing operations before taxes	$	2,282	$	2,722	$	1,964
(1) Equity income/(loss) of affiliated companies is included in Segment Profit.
(2) Amounts included in cost of products and services sold and selling, general and administrative expenses.