SEGMENT FINANCIAL DATA

12 Months Ended

Dec. 31, 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.

	Years Ended December 31,
	2021			2020			2019
Net Sales
Aerospace
Products		$	6,158		$	7,194		$	8,766
Services		4,868			4,350			5,288
Total		11,026			11,544			14,054
Honeywell Building Technologies
Products		4,098			3,868			4,395
Services		1,441			1,321			1,322
Total		5,539			5,189			5,717
Performance Materials and Technologies
Products		8,008			7,548			8,732
Services		2,005			1,875			2,102
Total		10,013			9,423			10,834
Safety and Productivity Solutions
Products		7,379			6,127			5,736
Services		435			354			368
Total		7,814			6,481			6,104
Corporate and All Other
Services		—			—			—
Total		—			—			—
		$	34,392		$	32,637		$	36,709
Depreciation and amortization
Aerospace		$	278		$	241		$	234
Honeywell Building Technologies		67			55			63
Performance Materials and Technologies		454			440			493
Safety and Productivity Solutions		237			223			222
Corporate and All Other		102			44			76
		$	1,138		$	1,003		$	1,088
Segment Profit
Aerospace		$	3,051		$	2,904		$	3,607
Honeywell Building Technologies		1,238			1,099			1,165
Performance Materials and Technologies		2,120			1,851			2,433
Safety and Productivity Solutions		1,029			907			790
Corporate and All Other		(226)			(96)			(256)
		$	7,212		$	6,665		$	7,739

	Years Ended December 31,
	2021			2020			2019
Capital expenditures
Aerospace		$	284		$	248		$	272
Honeywell Building Technologies		62			66			43
Performance Materials and Technologies		265			252			314
Safety and Productivity Solutions		190			288			82
Corporate and All Other		94			52			128
		$	895		$	906		$	839
Total Assets
Aerospace		$	11,490		$	11,035		$	11,378
Honeywell Building Technologies		6,543			6,351			5,968
Performance Materials and Technologies		18,021			16,772			16,888
Safety and Productivity Solutions		11,242			10,640			9,888
Corporate and All Other		17,174			19,788			14,557
		$	64,470		$	64,586		$	58,679

A reconciliation of segment profit to consolidated income before taxes are as follows:

	Years Ended December 31,
	2021			2020			2019
Segment Profit		$	7,212		$	6,665		$	7,739
Interest and other financial charges		(343)			(359)			(357)
Stock compensation expense(1)		(217)			(168)			(153)
Pension ongoing income (expense)(2)		1,083			785			592
Pension mark-to-market expense		(40)			(44)			(123)
Other postretirement income(2)		71			57			47
Repositioning and other charges(3)		(569)			(575)			(546)
Other(4)		38			(349)			360
Income before taxes		$	7,235		$	6,012		$	7,559

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

(2)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).

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

(4)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.