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SEGMENT FINANCIAL DATA
3 Months Ended
Mar. 31, 2013
Segment Financial Data [Abstract]  
Segment Financial Data

Note 15. 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.

 

   Three Months Ended
   March 31,
   2013  2012
 Net Sales     
 Aerospace     
  Product$ 1,706 $ 1,705
  Service  1,205   1,245
  Total  2,911   2,950
 Automation and Control Solutions     
  Product  3,239   3,251
  Service  547   537
  Total  3,786   3,788
 Performance Materials and Technologies     
  Product  1,615   1,467
  Service  102   148
  Total  1,717   1,615
 Transportation Systems     
  Product  914   954
  Service  -    -
  Total  914   954
  $ 9,328 $ 9,307
       
 Segment Profit     
 Aerospace$ 551 $ 534
 Automation and Control Solutions  523   491
 Performance Materials and Technologies  374   319
 Transportation Systems  111   120
 Corporate  (51)   (49)
  Total Segment Profit  1,508   1,415
       
 Other income (expense)(a)  19   5
 Interest and other financial charges  (84)   (89)
 Stock compensation expense(b)  (54)   (51)
 Pension ongoing income (expense)(b)  21   (13)
 Other postretirement income (expense)(b)  (22)   (23)
 Repositioning and other charges (b)  (128)   (122)
       
 Income before taxes$ 1,260 $ 1,122
       
 (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.