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SEGMENT FINANCIAL DATA | 12 Months Ended
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Dec. 31, 2023
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.
| Years Ended December 31,
2023 |  | 2022 |  | 2021
Net sales |  |  |  |  |
Aerospace Technologies |  |  |  |  |
Products | $ | 7,316 |  |  | $ | 6,330 |  |  | $ | 6,158 |
Services | 6,308 |  |  | 5,497 |  |  | 4,868 |
Net Aerospace Technologies sales | 13,624 |  |  | 11,827 |  |  | 11,026 |
Industrial Automation |  |  |  |  |
Products | 8,176 |  |  | 9,439 |  |  | 10,403 |
Services | 2,580 |  |  | 2,199 |  |  | 2,022 |
Net Industrial Automation sales | 10,756 |  |  | 11,638 |  |  | 12,425 |
Building Automation |  |  |  |  |
Products | 4,599 |  |  | 4,591 |  |  | 4,098 |
Services | 1,432 |  |  | 1,409 |  |  | 1,441 |
Net Building Automation sales | 6,031 |  |  | 6,000 |  |  | 5,539 |
Energy and Sustainability Solutions |  |  |  |  |
Products | 5,682 |  |  | 5,600 |  |  | 4,984 |
Services | 557 |  |  | 396 |  |  | 418 |
Net Energy and Sustainability Solutions sales | 6,239 |  |  | 5,996 |  |  | 5,402 |
Corporate and All Other |  |  |  |  |
Services | 12 |  |  | 5 |  |  | — |
Net Corporate and All Other sales | 12 |  |  | 5 |  |  | — |
Net sales | $ | 36,662 |  |  | $ | 35,466 |  |  | $ | 34,392 |
Depreciation and amortization |  |  |  |  |
Aerospace Technologies | $ | 267 |  |  | $ | 285 |  |  | $ | 278 |
Industrial Automation | 386 |  |  | 422 |  |  | 439 |
Building Automation | 107 |  |  | 92 |  |  | 67 |
Energy and Sustainability Solutions | 253 |  |  | 247 |  |  | 252 |
Corporate and All Other | 163 |  |  | 158 |  |  | 102 |
Total depreciation and amortization | $ | 1,176 |  |  | $ | 1,204 |  |  | $ | 1,138 |
Segment profit |  |  |  |  |
Aerospace Technologies | $ | 3,741 |  |  | $ | 3,228 |  |  | $ | 3,051 |
Industrial Automation | 1,967 |  |  | 1,896 |  |  | 1,824 |
Building Automation | 1,505 |  |  | 1,439 |  |  | 1,238 |
Energy and Sustainability Solutions | 1,483 |  |  | 1,538 |  |  | 1,325 |
Corporate and All Other | (392) |  |  | (412) |  |  | (226) |
Total segment profit | $ | 8,304 |  |  | $ | 7,689 |  |  | $ | 7,212 |
| Years Ended December 31,
2023 |  | 2022 |  | 2021
Capital expenditures |  |  |  |  |
Aerospace Technologies | $ | 310 |  |  | $ | 246 |  |  | $ | 284 |
Industrial Automation | 194 |  |  | 77 |  |  | 232 |
Building Automation | 79 |  |  | 74 |  |  | 62 |
Energy and Sustainability Solutions | 374 |  |  | 291 |  |  | 223 |
Corporate and All Other | 82 |  |  | 78 |  |  | 94 |
Total capital expenditures | $ | 1,039 |  |  | $ | 766 |  |  | $ | 895 |
| Years Ended December 31,
| 2023 |  | 2022 |  |
Total assets |  |  |  |  |
Aerospace Technologies | $ | 12,976 |  |  | $ | 12,189 |  |  |
Industrial Automation | 22,026 |  |  | 21,337 |  |  |
Building Automation | 6,723 |  |  | 6,599 |  |  |
Energy and Sustainability Solutions | 8,048 |  |  | 7,442 |  |  |
Corporate and All Other | 11,752 |  |  | 14,708 |  |  |
Total assets | $ | 61,525 |  |  | $ | 62,275 |  |  |
A reconciliation of segment profit to consolidated income before taxes are as follows:
| Years Ended December 31,
2023 |  | 2022 |  | 2021
Segment profit | $ | 8,304 |  |  | $ | 7,689 |  |  | $ | 7,212 |
Interest and other financial charges | (765) |  |  | (414) |  |  | (343) |
Interest income | 321 |  |  | 138 |  |  | 102 |
Stock compensation expense 1 | (202) |  |  | (188) |  |  | (217) |
Pension ongoing income 2 | 528 |  |  | 993 |  |  | 1,083 |
Pension mark-to-market expense | (153) |  |  | (523) |  |  | (40) |
Other postretirement income 2 | 29 |  |  | 41 |  |  | 71 |
Repositioning and other charges 3 | (860) |  |  | (1,266) |  |  | (569) |
Other expense 4 | (43) |  |  | (91) |  |  | (64) |
Income before taxes | $ | 7,159 |  |  | $ | 6,379 |  |  | $ | 7,235 |
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.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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