SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net sales
Aerospace
Products	$	1,633	$	2,174	$	3,712	$	4,249
Services	910		1,334		2,192		2,600
Total	2,543		3,508		5,904		6,849
Honeywell Building Technologies
Products	865		1,119		1,835		2,192
Services	312		331		623		647
Total	1,177		1,450		2,458		2,839
Performance Materials and Technologies
Products	1,793		2,238		3,707		4,308
Services	425		497		908		999
Total	2,218		2,735		4,615		5,307
Safety and Productivity Solutions
Products	1,452		1,459		2,794		2,954
Services	87		91		169		178
Total	1,539		1,550		2,963		3,132
	$	7,477	$	9,243	$	15,940	$	18,127
Segment profit
Aerospace	$	528	$	907	$	1,465	$	1,745
Honeywell Building Technologies	250		300		512		571
Performance Materials and Technologies	419		644		931		1,208
Safety and Productivity Solutions	213		191		391		403
Corporate	(25)		(72)		(66)		(148)
Total segment profit	1,385		1,970		3,233		3,779
Interest and other financial charges	(90)		(85)		(163)		(170)
Stock compensation expense(a)	(34)		(34)		(78)		(75)
Pension ongoing income(b)	198		148		396		299
Other postretirement income(b)	14		11		27		23
Repositioning and other charges(c)	(280)		(126)		(342)		(210)
Other(d)	26		98		81		178
Income before taxes	$	1,219	$	1,982	$	3,154	$	3,824

(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.