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SEGMENT FINANCIAL DATA
3 Months Ended
Mar. 31, 2012
Segment Financial Data [Abstract]  
SEGMENT FINANCIAL DATA

Note 13. Segment Financial Data

 

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.

 

 

   Three Months Ended
   March 31,
   2012  2011
 Net Sales     
 Aerospace$  $ 
  Product  1,705   1,466
  Service  1,245   1,230
  Total  2,950   2,696
 Automation and Control Solutions     
  Product  3,251   3,136
  Service  537   520
  Total  3,788   3,656
 Performance Materials and Technologies     
  Product  1,467   1,246
  Service  148   109
  Total  1,615   1,355
 Transportation Systems     
  Product  954   965
  Service  -   -
  Total  954   965
 Corporate     
  Product  -   -
  Service  -   -
  Total  -   -
  $ 9,307 $ 8,672
       
 Segment Profit     
 Aerospace$ 534 $ 467
 Automation and Control Solutions  491   459
 Performance Materials and Technologies  319   284
 Transportation Systems  120   118
 Corporate  (49)   (68)
  Total Segment Profit  1,415   1,260
       
 Other income (expense)(a)  5   20
 Interest and other financial charges  (89)   (99)
 Stock compensation expense(b)  (51)   (49)
 Pension ongoing expense(b)  (13)   (35)
 Other postretirement income/(expense)(b)  (23)   (18)
 Repositioning and other charges (b)  (122)   (133)
       
 Income from continuing operations before taxes$ 1,122 $ 946
       
 (a) Equity income/(loss) of affiliated companies is included in Segment Profit.
       
 (b) Amounts included in cost of products and services sold and selling, general and administrative expenses.