SEGMENT FINANCIAL DATA

12 Months Ended

Dec. 31, 2015

Segment Financial Data [Abstract]

Segment Financial Data

Note21. Segment Financial Data

We globally manage our business operations through three reportable operating segments. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance.

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 and repositioning andothercharges.

		Years Ended December 31,
Net Sales		2015		2014		2013
Aerospace
Product	$	10,379	$	10,773	$	10,798
Service		4,858		4,825		4,937
Total		15,237		15,598		15,735
Automation and Control Solutions
Product		12,882		13,219		12,253
Service		1,227		1,268		1,212
Total		14,109		14,487		13,465
Performance Materials and Technologies
Product		7,434		8,406		8,163
Service		1,801		1,815		1,692
Total		9,235		10,221		9,855
	$	38,581	$	40,306	$	39,055
Depreciation and amortization
Aerospace	$	267	$	277	$	290
Automation and Control Solutions		277		306		302
Performance Materials and Technologies		282		284		336
Corporate		57		57		61
	$	883	$	924	$	989
Segment Profit
Aerospace	$	3,218	$	2,915	$	2,870
Automation and Control Solutions		2,313		2,200		1,983
Performance Materials and Technologies		1,935		1,817		1,725
Corporate		(210)		(236)		(227)
	$	7,256	$	6,696	$	6,351
Capital expenditures
Aerospace	$	314	$	315	$	310
Automation and Control Solutions		152		145		132
Performance Materials and Technologies		479		537		448
Corporate		128		97		57
	$	1,073	$	1,094	$	947
		December 31,
Total Assets		2015		2014		2013
Aerospace	$	11,235	$	11,151	$	11,379
Automation and Control Solutions		22,355		17,191		17,675
Performance Materials and Technologies		10,300		9,699		9,534
Corporate		5,426		7,410		6,847
	$	49,316	$	45,451	$	45,435

A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
		Years Ended December 31,
		2015		2014		2013
Segment Profit	$	7,256	$	6,696	$	6,351
Other income (expense)(1)		38		269		202
Interest and other financial charges		(310)		(318)		(327)
Stock compensation expense(2)		(175)		(187)		(170)
Pension ongoing income (expense)(2)		430		254		90
Pension mark-to-market expense(2)		(67)		(249)		(51)
Other postretirement income (expense)(2)		(40)		(49)		(20)
Repositioning and other charges (2)		(546)		(598)		(663)
Income from continuing operations before taxes	$	6,586	$	5,818	$	5,412
(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.