Segment Financial Data

9 Months Ended

Sep. 30, 2011

Segment Financial Data [Abstract]

Segment Financial Data

Note13. Segment Financial Data

Honeywell's senior management evaluates segment performance based on segment profit. Segment profit is measured as business unit income (loss) before taxes excluding general corporate unallocated expense, other income (expense), interest and other financial charges, pension and other postretirement benefits (expense), stock compensation expense, repositioning and other charges and accounting changes.

The Consumer Products Group business had historically been part of the Transportation Systems reportable segment. In accordance with the presentation of CPG as discontinued operations, results for current periods presented as well as all future periods include Turbo Technologies and Friction Materials only. See Note 3 Acquisitions and Divestitures for further details.

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2011		2010		2011		2010
Net Sales
Aerospace
Products	$	1,660	$	1,460	$	4,685	$	4,241
Services		1,262		1,244		3,743		3,616
Total		2,922		2,704		8,428		7,857
Automation and Control Solutions
Products		3,388		2,972		9,855		8,366
Services		560		502		1,629		1,469
Total		3,948		3,474		11,484		9,835
Specialty Materials
Products		1,300		1,111		3,812		3,377
Services		168		64		417		196
Total		1,468		1,175		4,229		3,573
Transportation Systems
Products		960		786		2,915		2,336
Services		-		-		-		-
Total		960		786		2,915		2,336
Corporate
Products		-		-		-		-
Services		-		-		-		-
Total		-		-		-		-
	$	9,298	$	8,139	$	27,056	$	23,601
Segment Profit
Aerospace	$	532	$	458	$	1,450	$	1,314
Automation and Control Solutions		544		471		1,499		1,258
Specialty Materials		254		194		819		578
Transportation Systems		121		92		368		250
Corporate		(84)		(56)		(208)		(156)
Total Segment Profit		1,367		1,159		3,928		3,244
Other income/ (expense)(a)		8		75		36		73
Interest and other financial charges		(90)		(96)		(285)		(294)
Stock compensation expense(b)		(38)		(36)		(129)		(122)
Pension expense(b)		(26)		(50)		(83)		(146)
Other postretirement income/(expense)(b)		82		(18)		109		(12)
Repositioning and other charges (b)		(410)		(212)		(637)		(480)
Income before taxes	$	893	$	822	$	2,939	$	2,263
(a) Equity income/(loss) of affiliated companies is included in Segment Profit.
(b) Amounts included in cost of products and services sold and selling, general and administrative expenses.