SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2023

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,
	2023			2022			2023			2022
Net sales
Aerospace
Products		$	1,799		$	1,574		$	3,471		$	3,035
Services		1,542			1,324			2,981			2,612
Net Aerospace sales		3,341			2,898			6,452			5,647
Honeywell Building Technologies
Products		1,159			1,179			2,291			2,261
Services		351			352			706			699
Net Honeywell Building Technologies sales		1,510			1,531			2,997			2,960
Performance Materials and Technologies
Products		2,244			2,210			4,426			4,166
Services		617			484			1,184			981
Net Performance Materials and Technologies sales		2,861			2,694			5,610			5,147
Safety and Productivity Solutions
Products		1,239			1,721			2,563			3,354
Services		194			108			385			219
Net Safety and Productivity Solutions sales		1,433			1,829			2,948			3,573
Corporate and All Other
Services		1			1			3			2
Net Corporate and All Other sales		1			1			3			2
Net sales		$	9,146		$	8,953		$	18,010		$	17,329
Segment profit
Aerospace		$	924		$	767		$	1,751		$	1,520
Honeywell Building Technologies		385			360			760			696
Performance Materials and Technologies		622			601			1,188			1,111
Safety and Productivity Solutions		239			231			499			484
Corporate and All Other		(118)			(92)			(199)			(178)
Total segment profit		2,052			1,867			3,999			3,633
Interest and other financial charges		(187)			(87)			(357)			(172)
Stock compensation expense(a)		(50)			(53)			(109)			(113)
Pension ongoing income(b)		130			250			260			501
Other postretirement income(b)		7			10			13			20
Repositioning and other charges(c)		(102)			(227)			(243)			(614)
Other(d)		54			(56)			123			(46)
Income before taxes		$	1,904		$	1,704		$	3,686		$	3,209

(a)	Amounts included in Selling, general and administrative expenses.
(b)	Amounts included in Cost of products and services sold, 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.