SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Financial Data

Honeywell globally manages its 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net sales
Aerospace
Products	$	1,461	$	1,623	$	4,547	$	5,335
Services	1,271		1,039		3,583		3,231
Total	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	1,014		972		3,065		2,807
Services	356		333		1,070		956
Total	1,370		1,305		4,135		3,763
Performance Materials and Technologies
Products	2,007		1,803		5,931		5,510
Services	503		449		1,477		1,357
Total	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Products	1,751		1,487		5,738		4,281
Services	110		91		324		260
Total	1,861		1,578		6,062		4,541
	$	8,473	$	7,797	$	25,735	$	23,737
Segment profit
Aerospace	$	740	$	617	$	2,212	$	2,082
Honeywell Building Technologies	322		282		942		794
Performance Materials and Technologies	558		442		1,522		1,373
Safety and Productivity Solutions	245		219		840		610
Corporate	(72)		(7)		(155)		(73)
Total segment profit	1,793		1,553		5,361		4,786
Interest and other financial charges	(90)		(101)		(263)		(264)
Stock compensation expense(a)	(56)		(40)		(172)		(118)
Pension ongoing income(b)	261		197		809		593
Other postretirement income(b)	18		13		53		40
Repositioning and other charges(c)	(96)		(144)		(338)		(486)
Other(d)	(130)		(330)		(8)		(249)
Income before taxes	$	1,700	$	1,148	$	5,442	$	4,302

(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 cost component) and Other (income) expense (non-service cost component).

(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 of affiliated companies is included in segment profit.