SEGMENT FINANCIAL DATA

3 Months Ended

Mar. 31, 2018

Note 12. 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. 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
		March 31,
Net Sales		2018		2017
Aerospace
Products	$	2,728	$	2,396
Services		1,249		1,150
Total		3,977		3,546
Home and Building Technologies
Products		2,083		1,951
Services		350		318
Total		2,433		2,269
Performance Materials and Technologies
Products		2,063		1,940
Services		471		413
Total		2,534		2,353
Safety and Productivity Solutions
Products		1,360		1,253
Services		88		71
Total		1,448		1,324
	$	10,392	$	9,492

Segment Profit
Aerospace	$	893	$	796
Home and Building Technologies		416		377
Performance Materials and Technologies		519		483
Safety and Productivity Solutions		231		194
Corporate		(64)		(61)
Total segment profit		1,995		1,789

Interest and other financial charges		(83)		(75)
Stock compensation expense^(a)		(52)		(50)
Pension ongoing income^(b)		248		179
Other postretirement income^(b)		6		4
Repositioning and other charges ^(c)		(193)		(129)
Other^(d)		(12)		6
Income before taxes	$	1,909	$	1,724

(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 costs) and Other income/expense (non-service cost components).

(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.