SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 30, 2017

Note 10. Segment Financial Data

We globally manage our 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. Segment profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, other income (expense), interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), and repositioning and other charges.

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2017		2016		2017		2016
Net Sales
Aerospace
Products	$	2,452	$	2,358	$	7,393	$	7,404
Services		1,205		1,243		3,484		3,681
Total		3,657		3,601		10,877		11,085
Home and Building Technologies
Products		2,419		2,360		7,015		6,931
Services		371		341		1,064		923
Total		2,790		2,701		8,079		7,854
Performance Materials and Technologies
Products		1,846		1,924		5,320		5,822
Services		414		405		1,248		1,222
Total		2,260		2,329		6,568		7,044
Safety and Productivity Solutions
Products		1,335		1,102		3,943		3,241
Services		79		71		224		93
Total		1,414		1,173		4,167		3,334
	$	10,121	$	9,804	$	29,691	$	29,317

Segment Profit
Aerospace	$	780	$	663	$	2,395	$	2,252
Home and Building Technologies		458		441		1,267		1,213
Performance Materials and Technologies		526		503		1,521		1,484
Safety and Productivity Solutions		213		172		621		495
Corporate		(82)		(59)		(210)		(157)
Total segment profit		1,895		1,720		5,594		5,287

Other income (expense)^(a)		49		169		54		174
Interest and other financial charges		(81)		(82)		(235)		(252)
Stock compensation expense^(b)		(39)		(49)		(133)		(145)
Pension ongoing income^(b)		183		146		546		447
Other postretirement income (expense)^(b)		6		7		16		24
Repositioning and other charges ^(b)		(230)		(279)		(557)		(520)
Income before taxes	$	1,783	$	1,632	$	5,285	$	5,015

(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.