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SEGMENT FINANCIAL DATA
 12 Months Ended
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,
202320222021
Net sales
Aerospace Technologies
Products$7,316 $6,330 $6,158 
Services6,308 5,497 4,868 
Net Aerospace Technologies sales
13,624 11,827 11,026 
Industrial Automation
Products8,176 9,439 10,403 
Services2,580 2,199 2,022 
Net Industrial Automation sales
10,756 11,638 12,425 
Building Automation
Products4,599 4,591 4,098 
Services1,432 1,409 1,441 
Net Building Automation sales
6,031 6,000 5,539 
Energy and Sustainability Solutions
Products5,682 5,600 4,984 
Services557 396 418 
Net Energy and Sustainability Solutions sales
6,239 5,996 5,402 
Corporate and All Other
Services12 5 — 
Net Corporate and All Other sales12 5 — 
 Net sales$36,662 $35,466 $34,392 
Depreciation and amortization
Aerospace Technologies$267 $285 $278 
Industrial Automation386 422 439 
Building Automation107 92 67 
Energy and Sustainability Solutions253 247 252 
Corporate and All Other163 158 102 
Total depreciation and amortization$1,176 $1,204 $1,138 
Segment profit
Aerospace Technologies
$3,741 $3,228 $3,051 
Industrial Automation1,967 1,896 1,824 
Building Automation1,505 1,439 1,238 
Energy and Sustainability Solutions1,483 1,538 1,325 
Corporate and All Other(392)(412)(226)
Total segment profit$8,304 $7,689 $7,212 
 Years Ended December 31,
202320222021
Capital expenditures
Aerospace Technologies
$310 $246 $284 
Industrial Automation194 77 232 
Building Automation79 74 62 
Energy and Sustainability Solutions374 291 223 
Corporate and All Other82 78 94 
Total capital expenditures$1,039 $766 $895 
Years Ended December 31,
20232022
Total assets
Aerospace Technologies$12,976 $12,189 
Industrial Automation22,026 21,337 
Building Automation6,723 6,599 
Energy and Sustainability Solutions8,048 7,442 
Corporate and All Other11,752 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,
202320222021
Segment profit$8,304 $7,689 $7,212 
Interest and other financial charges(765)(414)(343)
Interest income321 138 102 
Stock compensation expense1
(202)(188)(217)
Pension ongoing income2
528 993 1,083 
Pension mark-to-market expense(153)(523)(40)
Other postretirement income2
29 41 71 
Repositioning and other charges3
(860)(1,266)(569)
Other expense4
(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.