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SEGMENT FINANCIAL DATA (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Financial Data |
Three Months Ended March 31, 2025 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 2,365 |  |  | $ | 1,644 |  |  | $ | 1,208 |  |  | $ | 1,428 |  |  | $ | — |  |  | $ | 6,645 |
Services | 1,807 |  |  | 734 |  |  | 484 |  |  | 133 |  |  | 19 |  |  | 3,177 |
Total Net sales | 4,172 |  |  | 2,378 |  |  | 1,692 |  |  | 1,561 |  |  | 19 |  |  | 9,822 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 2,592 |  |  | 1,384 |  |  | 868 |  |  | 982 |  |  |  |  |
Selling, general and administrative expenses | 188 |  |  | 366 |  |  | 275 |  |  | 136 |  |  |  |  |
Other segment items 1 | 293 |  |  | 204 |  |  | 109 |  |  | 97 |  |  |  |  |
Total Segment profit | $ | 1,099 |  |  | $ | 424 |  |  | $ | 440 |  |  | $ | 346 |  |  | $ | (51) |  |  | $ | 2,258 |
Depreciation and amortization | $ | 94 |  |  | $ | 84 |  |  | $ | 60 |  |  | $ | 89 |  |  | $ | 47 |  |  | $ | 374 |
Capital expenditures | 73 |  |  | 36 |  |  | 23 |  |  | 87 |  |  | 32 |  |  | 251 |
1 |  | For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions.
Three Months Ended March 31, 2024 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 2,025 |  |  | $ | 1,800 |  |  | $ | 1,057 |  |  | $ | 1,381 |  |  | $ | — |  |  | $ | 6,263 |
Services | 1,644 |  |  | 678 |  |  | 369 |  |  | 144 |  |  | 7 |  |  | 2,842 |
Total Net sales | 3,669 |  |  | 2,478 |  |  | 1,426 |  |  | 1,525 |  |  | 7 |  |  | 9,105 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 2,217 |  |  | 1,446 |  |  | 764 |  |  | 999 |  |  |  |  |
Selling, general and administrative expenses | 155 |  |  | 357 |  |  | 218 |  |  | 129 |  |  |  |  |
Other segment items 1 | 262 |  |  | 201 |  |  | 94 |  |  | 94 |  |  |  |  |
Total Segment profit | $ | 1,035 |  |  | $ | 474 |  |  | $ | 350 |  |  | $ | 303 |  |  | $ | (68) |  |  | $ | 2,094 |
Depreciation and amortization | $ | 66 |  |  | $ | 90 |  |  | $ | 24 |  |  | $ | 65 |  |  | $ | 46 |  |  | $ | 291 |
Capital expenditures | 73 |  |  | 54 |  |  | 15 |  |  | 79 |  |  | 12 |  |  | 233 |
1 |  | For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions.
| March 31, 2025 |  | December 31, 2024
Aerospace Technologies | $ | 17,506 |  |  | $ | 16,966 |
Industrial Automation | 21,344 |  |  | 21,035 |
Building Automation | 11,719 |  |  | 11,438 |
Energy and Sustainability Solutions | 10,420 |  |  | 10,337 |
Corporate and All Other | 14,229 |  |  | 15,420 |
Total assets | $ | 75,218 |  |  | $ | 75,196 |
A reconciliation of segment profit to consolidated income before taxes are as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Segment profit |  |  |  |  | $ | 2,258 |  |  | $ | 2,094 |
Interest and other financial charges |  |  |  |  | (286) |  |  | (220) |
Interest income 1 |  |  |  |  | 90 |  |  | 105 |
Amortization of acquisition-related intangibles 2 |  |  |  |  | (136) |  |  | (70) |
Impairment of assets held for sale |  |  |  |  | (15) |  |  | — |
Stock compensation expense 3 |  |  |  |  | (61) |  |  | (53) |
Pension ongoing income 4 |  |  |  |  | 155 |  |  | 145 |
Pension mark-to-market expense 4 |  |  |  |  | (14) |  |  | — |
Other postretirement income 4 |  |  |  |  | 4 |  |  | 6 |
Repositioning and other charges 5 |  |  |  |  | (45) |  |  | (93) |
Other expense 6 |  |  |  |  | (66) |  |  | (43) |
Income before taxes |  |  |  |  | $ | 1,884 |  |  | $ | 1,871 |
1 |  | Amounts included in Other (income) expense.
2 |  | Amounts included in Cost of products and services sold.
3 |  | Amounts included in Selling, general and administrative expenses.
4 |  | 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).
5 |  | Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
6 |  | 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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