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SEGMENT FINANCIAL DATA | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Financial Data | Honeywell globally manages its 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.
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Net Sales |  |  |  |  |
Aerospace |  |  |  |  |
Product | $ | 7,194 |  |  | $ | 8,766 |  |  | $ | 10,415 |
Service | 4,350 |  |  | 5,288 |  |  | 5,078 |
Total | 11,544 |  |  | 14,054 |  |  | 15,493 |
Honeywell Building Technologies |  |  |  |  |
Product | 3,868 |  |  | 4,395 |  |  | 7,868 |
Service | 1,321 |  |  | 1,322 |  |  | 1,430 |
Total | 5,189 |  |  | 5,717 |  |  | 9,298 |
Performance Materials and Technologies |  |  |  |  |
Product | 7,548 |  |  | 8,732 |  |  | 8,589 |
Service | 1,875 |  |  | 2,102 |  |  | 2,085 |
Total | 9,423 |  |  | 10,834 |  |  | 10,674 |
Safety and Productivity Solutions |  |  |  |  |
Product | 6,127 |  |  | 5,736 |  |  | 5,976 |
Service | 354 |  |  | 368 |  |  | 361 |
Total | 6,481 |  |  | 6,104 |  |  | 6,337 |
| $ | 32,637 |  |  | $ | 36,709 |  |  | $ | 41,802 |
Depreciation and amortization |  |  |  |  |
Aerospace | $ | 241 |  |  | $ | 234 |  |  | $ | 281 |
Honeywell Building Technologies | 55 |  |  | 63 |  |  | 112 |
Performance Materials and Technologies | 440 |  |  | 493 |  |  | 452 |
Safety and Productivity Solutions | 223 |  |  | 222 |  |  | 216 |
Corporate | 44 |  |  | 76 |  |  | 55 |
| $ | 1,003 |  |  | $ | 1,088 |  |  | $ | 1,116 |
Segment Profit |  |  |  |  |
Aerospace | $ | 2,904 |  |  | $ | 3,607 |  |  | $ | 3,503 |
Honeywell Building Technologies | 1,099 |  |  | 1,165 |  |  | 1,608 |
Performance Materials and Technologies | 1,851 |  |  | 2,433 |  |  | 2,328 |
Safety and Productivity Solutions | 907 |  |  | 790 |  |  | 1,032 |
Corporate | (96) |  |  | (256) |  |  | (281) |
| $ | 6,665 |  |  | $ | 7,739 |  |  | $ | 8,190 |
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Capital expenditures |  |  |  |  |
Aerospace | $ | 248 |  |  | $ | 272 |  |  | $ | 308 |
Honeywell Building Technologies | 66 |  |  | 43 |  |  | 125 |
Performance Materials and Technologies | 252 |  |  | 314 |  |  | 254 |
Safety and Productivity Solutions | 288 |  |  | 82 |  |  | 78 |
Corporate | 52 |  |  | 128 |  |  | 63 |
| $ | 906 |  |  | $ | 839 |  |  | $ | 828 |
Total Assets |  |  |  |  |
Aerospace | $ | 11,035 |  |  | $ | 11,378 |  |  | $ | 11,234 |
Honeywell Building Technologies | 6,351 |  |  | 5,968 |  |  | 6,010 |
Performance Materials and Technologies | 16,772 |  |  | 16,888 |  |  | 17,827 |
Safety and Productivity Solutions | 10,640 |  |  | 9,888 |  |  | 9,886 |
Corporate | 19,788 |  |  | 14,557 |  |  | 12,816 |
| $ | 64,586 |  |  | $ | 58,679 |  |  | $ | 57,773 |
A reconciliation of segment profit to consolidated income before taxes are as follows:
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Segment Profit | $ | 6,665 |  |  | $ | 7,739 |  |  | $ | 8,190 |
Interest and other financial charges | (359) |  |  | (357) |  |  | (367) |
Stock compensation expense(1) | (168) |  |  | (153) |  |  | (175) |
Pension ongoing income (expense)(2) | 785 |  |  | 592 |  |  | 992 |
Pension mark-to-market expense(2) | (44) |  |  | (123) |  |  | (37) |
Other postretirement income(2) | 57 |  |  | 47 |  |  | 32 |
Repositioning and other charges(3) | (575) |  |  | (546) |  |  | (1,091) |
Other(4) | (349) |  |  | 360 |  |  | (57) |
Income before taxes | $ | 6,012 |  |  | $ | 7,559 |  |  | $ | 7,487 |
(1)Amounts included in Selling, general and administrative expenses. (2)Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service cost component) and Other (income) expense (non-service cost component). (3)Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense. (4)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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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