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SEGMENT FINANCIAL DATA
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SEGMENT FINANCIAL DATA SEGMENT FINANCIAL DATA
Honeywell globally manages its business operations through four reportable business 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.
Effective during the first quarter of 2024, the Company realigned certain of its business units comprising its historical Performance Materials and Technologies and Safety and Productivity Solutions reportable business segments by forming two new reportable business segments: Industrial Automation and Energy and Sustainability Solutions. Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, and Warehouse and Workflow Solutions, previously included in Safety and Productivity Solutions, in addition to Process Solutions, previously included in Performance Materials and Technologies. Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies. Further, as part of the realignment, the Company renamed its historical Aerospace and Honeywell Building Technologies reportable business segments to Aerospace Technologies and Building Automation, respectively. This realignment had no impact on the Company’s historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to conform to current period segment presentation.
 Three Months Ended March 31,
 20242023
Net sales  
Aerospace Technologies  
Products$2,025 $1,672 
Services1,644 1,439 
Net Aerospace Technologies sales3,669 3,111 
Industrial Automation
Products1,800 2,159 
Services678 644 
Net Industrial Automation sales2,478 2,803 
Building Automation
Products1,057 1,132 
Services369 355 
Net Building Automation sales1,426 1,487 
Energy and Sustainability Solutions
Products1,381 1,347 
Services144 114 
Net Energy and Sustainability Solutions sales1,525 1,461 
Corporate and All Other
Services
Net Corporate and All Other sales7 2 
Net sales$9,105 $8,864 
Segment profit
Aerospace Technologies
$1,031 $827 
Industrial Automation417 526 
Building Automation342 375 
Energy and Sustainability Solutions302 300 
Corporate and All Other(71)(81)
Total segment profit2,021 1,947 
Interest and other financial charges(220)(170)
Interest income
105 76 
Stock compensation expense1
(53)(59)
Pension ongoing income2
145 130 
Other postretirement income2
Repositioning and other charges3
(93)(141)
Other expense4
(40)(7)
Income before taxes$1,871 $1,782 
1
Amounts included in Selling, general and administrative expenses.
2
Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development 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.