SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Financial Data

Note 14. Segment Financial Data

We globally manage our business operations through four 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. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense. 

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net sales
Aerospace
Products	$	2,174		$	2,800		$	4,249		$	5,528
Services	1,334			1,258			2,600			2,507
Total	3,508			4,058			6,849			8,035
Honeywell Building Technologies
Products	1,119			2,183			2,192			4,266
Services	331			363			647			713
Total	1,450			2,546			2,839			4,979
Performance Materials and Technologies
Products	2,238			2,194			4,308			4,257
Services	497			504			999			975
Total	2,735			2,698			5,307			5,232
Safety and Productivity Solutions
Products	1,459			1,526			2,954			2,886
Services	91			91			178			179
Total	1,550			1,617			3,132			3,065
	$	9,243		$	10,919		$	18,127		$	21,311
Segment profit
Aerospace	$	907		$	918		$	1,745		$	1,811
Honeywell Building Technologies	300			427			571			843
Performance Materials and Technologies	644			597			1,208			1,116
Safety and Productivity Solutions	191			267			403			498
Corporate	(72		)	(64		)	(148		)	(128		)
Total segment profit	1,970			2,145			3,779			4,140
Interest and other financial charges	(85		)	(95		)	(170		)	(178		)
Stock compensation expense(a)	(34		)	(38		)	(75		)	(90		)
Pension ongoing income(b)	148			250			299			498
Other postretirement income(b)	11			6			23			12
Repositioning and other charges(c)	(126		)	(266		)	(210		)	(457		)
Other(d)	98			(4		)	178			(16		)
Income before taxes	$	1,982		$	1,998		$	3,824		$	3,909

(a) Amounts included in Selling, general and administrative expenses.

(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service costs) and Other income/expense (non-service cost components).

(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other income/expense.

(d) Amounts include the other components of Other income/expense not included within other categories in this reconciliation. Equity income/loss of affiliated companies is included in segment profit.