SEGMENT FINANCIAL DATA

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020			2019
Net sales
Aerospace
Products	$	2,079		$	2,075
Services	1,282			1,266
Total	3,361			3,341
Honeywell Building Technologies
Products	970			1,073
Services	311			316
Total	1,281			1,389
Performance Materials and Technologies
Products	1,914			2,070
Services	483			502
Total	2,397			2,572
Safety and Productivity Solutions
Products	1,342			1,495
Services	82			87
Total	1,424			1,582
	$	8,463		$	8,884
Segment profit
Aerospace	$	937		$	838
Honeywell Building Technologies	262			271
Performance Materials and Technologies	512			564
Safety and Productivity Solutions	178			212
Corporate	(41		)	(76		)
Total segment profit	1,848			1,809
Interest and other financial charges	(73		)	(85		)
Stock compensation expense(a)	(44		)	(41		)
Pension ongoing income(b)	198			151
Other postretirement income(b)	13			12
Repositioning and other charges(c)	(62		)	(84		)
Other(d)	55			80
Income before taxes	$	1,935		$	1,842

(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.