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SEGMENT FINANCIAL DATA
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Financial Data
Note 14. 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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Net sales
 

 
 

 
 

 
 

Aerospace
 

 
 

 
 

 
 

Products
$
2,213

 
$
2,747

 
$
6,462

 
$
8,275

Services
1,331

 
1,283

 
3,931

 
3,790

Total
3,544

 
4,030

 
10,393

 
12,065

Honeywell Building Technologies
 
 
 
 
 
 
 
Products
1,091

 
2,157

 
3,283

 
6,423

Services
324

 
360

 
971

 
1,073

Total
1,415

 
2,517

 
4,254

 
7,496

Performance Materials and Technologies
 
 
 
 
 
 
 
Products
2,129

 
2,089

 
6,437

 
6,346

Services
541

 
551

 
1,540

 
1,526

Total
2,670

 
2,640

 
7,977

 
7,872

Safety and Productivity Solutions
 
 
 
 
 
 
 
Products
1,360

 
1,484

 
4,314

 
4,370

Services
97

 
91

 
275

 
270

Total
1,457

 
1,575

 
4,589

 
4,640

 
$
9,086

 
$
10,762

 
$
27,213

 
$
32,073

Segment profit
 
 
 
 
 
 
 
Aerospace
$
908

 
$
891

 
$
2,653

 
$
2,702

Honeywell Building Technologies
297

 
430

 
868

 
1,273

Performance Materials and Technologies
582

 
560

 
1,790

 
1,676

Safety and Productivity Solutions
195

 
262

 
598

 
760

Corporate
(54
)
 
(53
)
 
(202
)
 
(181
)
Total segment profit
1,928

 
2,090

 
5,707

 
6,230

Interest and other financial charges
(96
)
 
(99
)
 
(266
)
 
(277
)
Stock compensation expense(a)
(37
)
 
(41
)
 
(112
)
 
(131
)
Pension ongoing income(b)
150

 
247

 
449

 
745

Other postretirement income(b)
12

 
12

 
35

 
24

Repositioning and other charges(c)
(96
)
 
(299
)
 
(306
)
 
(756
)
Other(d)
106

 
(52
)
 
284

 
(68
)
Income before taxes
$
1,967

 
$
1,858

 
$
5,791

 
$
5,767

 
(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/loss of affiliated companies is included in segment profit.