SEGMENT FINANCIAL DATA

12 Months Ended

Dec. 31, 2012

Segment Financial Data [Abstract]

Segment Financial Data

Note24. 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 (process technology, products, including catalysts and absorbents, and services for the petroleum refining, gas processing, petrochemical, renewable energy and other industries).

•       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		2012		2011		2010
Aerospace
Product	$	6,999	$	6,494	$	5,868
Service		5,041		4,981		4,815
Total		12,040		11,475		10,683
Automation and Control Solutions
Product		13,610		13,328		11,733
Service		2,270		2,207		2,016
Total		15,880		15,535		13,749
Performance Materials and Technologies
Product		5,642		5,064		4,449
Service		542		595		277
Total		6,184		5,659		4,726
Transportation Systems
Product		3,561		3,859		3,192
Service		-		-		-
Total		3,561		3,859		3,192
Corporate
Product		-		-		-
Service		-		1		-
Total		-		1		-
	$	37,665	$	36,529	$	32,350
Depreciation and amortization
Aerospace	$	211	$	208	$	224
Automation and Control Solutions		352		364		368
Performance Materials and Technologies		215		216		222
Transportation Systems		85		96		97
Corporate		63		64		59
	$	926	$	948	$	970
Segment Profit
Aerospace	$	2,279	$	2,023	$	1,835
Automation and Control Solutions		2,232		2,083		1,770
Performance Materials and Technologies		1,154		1,042		749
Transportation Systems		432		485		353
Corporate		(218)		(276)		(222)
	$	5,879	$	5,357	$	4,485
Capital expenditures
Aerospace	$	191	$	174	$	158
Automation and Control Solutions		143		153		131
Performance Materials and Technologies		328		282		188
Transportation Systems		129		133		78
Corporate		93		48		89
	$	884	$	790	$	644
		December 31,
Total Assets		2012		2011		2010
Aerospace	$	8,977	$	9,109	$	8,604
Automation and Control Solutions		18,754		19,127		18,183
Performance Materials and Technologies		6,396		5,402		4,938
Transportation Systems		2,047		1,991		1,806
Corporate		5,679		4,179		4,303
	$	41,853	$	39,808	$	37,834

A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
		Years Ended December 31,
		2012		2011		2010
Segment Profit	$	5,879	$	5,357	$	4,485
Other income/ (expense)(1)		25		33		69
Interest and other financial charges		(351)		(376)		(386)
Stock compensation expense(2)		(170)		(168)		(163)
Pension ongoing expense(2)		(36)		(105)		(185)
Pension mark-to-market expense(2)		(957)		(1,802)		(471)
Other postretirement income/(expense)(2)		(72)		86		(29)
Repositioning and other charges (2)		(443)		(743)		(598)
Income from continuing operations before taxes	$	3,875	$	2,282	$	2,722
(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.