SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT FINANCIAL DATA

SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business 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,
	2022			2021			2022			2021
Net sales
Aerospace
Products		$	1,574		$	1,571		$	3,035		$	3,086
Services		1,324			1,195			2,612			2,312
Total		2,898			2,766			5,647			5,398
Honeywell Building Technologies
Products		1,179			1,042			2,261			2,051
Services		352			365			699			714
Total		1,531			1,407			2,960			2,765
Performance Materials and Technologies
Products		2,210			2,055			4,166			3,924
Services		484			497			981			974
Total		2,694			2,552			5,147			4,898
Safety and Productivity Solutions
Products		1,721			1,971			3,354			3,987
Services		108			112			219			214
Total		1,829			2,083			3,573			4,201
Corporate and All Other
Services		1			—			2			—
Total		1			—			2			—
		$	8,953		$	8,808		$	17,329		$	17,262
Segment profit
Aerospace		$	767		$	710		$	1,520		$	1,472
Honeywell Building Technologies		360			315			696			620
Performance Materials and Technologies		601			530			1,111			964
Safety and Productivity Solutions		231			292			484			595
Corporate and All Other		(92)			(54)			(178)			(83)
Total segment profit		1,867			1,793			3,633			3,568
Interest and other financial charges		(87)			(83)			(172)			(173)
Stock compensation expense(a)		(53)			(39)			(113)			(116)
Pension ongoing income(b)		250			272			501			548
Other postretirement income(b)		10			18			20			35
Repositioning and other charges(c)		(227)			(101)			(614)			(242)
Other(d)		(56)			21			(46)			122
Income before taxes		$	1,704		$	1,881		$	3,209		$	3,742

(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.