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SEGMENT FINANCIAL DATA | 6 Months Ended
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Jun. 30, 2025
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 the Chairman and Chief Executive Officer, who is the Company's chief operating decision maker, and 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, interest income, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense.
Three Months Ended June 30, 2025 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 2,468 |  |  | $ | 1,646 |  |  | $ | 1,333 |  |  | $ | 1,672 |  |  | $ | — |  |  | $ | 7,119 |
Services | 1,839 |  |  | 734 |  |  | 493 |  |  | 165 |  |  | 2 |  |  | 3,233 |
Total Net sales | 4,307 |  |  | 2,380 |  |  | 1,826 |  |  | 1,837 |  |  | 2 |  |  | 10,352 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 2,718 |  |  | 1,376 |  |  | 944 |  |  | 1,148 |  |  |  |  |
Selling, general and administrative expenses | 181 |  |  | 333 |  |  | 282 |  |  | 146 |  |  |  |  |
Other segment items 1 | 310 |  |  | 215 |  |  | 121 |  |  | 100 |  |  |  |  |
Total Segment profit | $ | 1,098 |  |  | $ | 456 |  |  | $ | 479 |  |  | $ | 443 |  |  | $ | (110) |  |  | $ | 2,366 |
Depreciation and amortization | $ | 100 |  |  | $ | 85 |  |  | $ | 57 |  |  | $ | 108 |  |  | $ | 54 |  |  | $ | 404 |
Capital expenditures | 97 |  |  | 42 |  |  | 24 |  |  | 106 |  |  | 34 |  |  | 303 |
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 June 30, 2024 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 2,127 |  |  | $ | 1,777 |  |  | $ | 1,154 |  |  | $ | 1,419 |  |  | $ | — |  |  | $ | 6,477 |
Services | 1,764 |  |  | 729 |  |  | 417 |  |  | 185 |  |  | 5 |  |  | 3,100 |
Total Net sales | 3,891 |  |  | 2,506 |  |  | 1,571 |  |  | 1,604 |  |  | 5 |  |  | 9,577 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 2,418 |  |  | 1,451 |  |  | 844 |  |  | 996 |  |  |  |  |
Selling, general and administrative expenses | 139 |  |  | 371 |  |  | 231 |  |  | 111 |  |  |  |  |
Other segment items | 274 |  |  | 207 |  |  | 99 |  |  | 92 |  |  |  |  |
Total Segment profit | $ | 1,060 |  |  | $ | 477 |  |  | $ | 397 |  |  | $ | 405 |  |  | $ | (140) |  |  | $ | 2,199 |
Depreciation and amortization | $ | 68 |  |  | $ | 88 |  |  | $ | 41 |  |  | $ | 65 |  |  | $ | 47 |  |  | $ | 309 |
Capital expenditures | 69 |  |  | 40 |  |  | 20 |  |  | 90 |  |  | 40 |  |  | 259 |
Six Months Ended June 30, 2025 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 4,833 |  |  | $ | 3,290 |  |  | $ | 2,541 |  |  | $ | 3,100 |  |  | $ | — |  |  | $ | 13,764 |
Services | 3,646 |  |  | 1,468 |  |  | 977 |  |  | 298 |  |  | 21 |  |  | 6,410 |
Total Net sales | 8,479 |  |  | 4,758 |  |  | 3,518 |  |  | 3,398 |  |  | 21 |  |  | 20,174 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 5,310 |  |  | 2,760 |  |  | 1,812 |  |  | 2,130 |  |  |  |  |
Selling, general and administrative expenses | 369 |  |  | 699 |  |  | 557 |  |  | 282 |  |  |  |  |
Other segment items | 603 |  |  | 419 |  |  | 230 |  |  | 197 |  |  |  |  |
Total Segment profit | $ | 2,197 |  |  | $ | 880 |  |  | $ | 919 |  |  | $ | 789 |  |  | $ | (161) |  |  | $ | 4,624 |
Depreciation and amortization | $ | 194 |  |  | $ | 169 |  |  | $ | 117 |  |  | $ | 197 |  |  | $ | 101 |  |  | $ | 778 |
Capital expenditures | 170 |  |  | 78 |  |  | 47 |  |  | 193 |  |  | 66 |  |  | 554 |
Six Months Ended June 30, 2024 | Aerospace Technologies |  | Industrial Automation |  | Building Automation |  | Energy and Sustainability Solutions |  | Corporate and All Other |  | Total Honeywell
Net sales |  |  |  |  |  |  |  |  |  |  |
Products | $ | 4,152 |  |  | $ | 3,577 |  |  | $ | 2,211 |  |  | $ | 2,800 |  |  | $ | — |  |  | $ | 12,740 |
Services | 3,408 |  |  | 1,407 |  |  | 786 |  |  | 329 |  |  | 12 |  |  | 5,942 |
Total Net sales | 7,560 |  |  | 4,984 |  |  | 2,997 |  |  | 3,129 |  |  | 12 |  |  | 18,682 |
Less |  |  |  |  |  |  |  |  |  |  |
Cost of products and services sold | 4,635 |  |  | 2,897 |  |  | 1,608 |  |  | 1,995 |  |  |  |  |
Selling, general and administrative expenses | 294 |  |  | 728 |  |  | 449 |  |  | 240 |  |  |  |  |
Other segment items | 536 |  |  | 408 |  |  | 193 |  |  | 186 |  |  |  |  |
Total Segment profit | $ | 2,095 |  |  | $ | 951 |  |  | $ | 747 |  |  | $ | 708 |  |  | $ | (208) |  |  | $ | 4,293 |
Depreciation and amortization | $ | 134 |  |  | $ | 178 |  |  | $ | 65 |  |  | $ | 130 |  |  | $ | 93 |  |  | $ | 600 |
Capital expenditures | 142 |  |  | 94 |  |  | 35 |  |  | 169 |  |  | 52 |  |  | 492 |
| June 30, 2025 |  | December 31, 2024
Aerospace Technologies | $ | 17,799 |  |  | $ | 16,966 |
Industrial Automation | 21,221 |  |  | 21,035 |
Building Automation | 10,707 |  |  | 11,438 |
Energy and Sustainability Solutions | 13,670 |  |  | 10,337 |
Corporate and All Other | 15,022 |  |  | 15,420 |
Total assets | $ | 78,419 |  |  | $ | 75,196 |
A reconciliation of segment profit to consolidated income before taxes are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Segment profit | $ | 2,366 |  |  | $ | 2,199 |  |  | $ | 4,624 |  |  | $ | 4,293 |
Interest and other financial charges | (330) |  |  | (250) |  |  | (616) |  |  | (470) |
Interest income 1 | 79 |  |  | 110 |  |  | 169 |  |  | 215 |
Amortization of acquisition-related intangibles 2 | (133) |  |  | (85) |  |  | (269) |  |  | (155) |
Impairment of assets held for sale | — |  |  | — |  |  | (15) |  |  | — |
Stock compensation expense 3 | (57) |  |  | (55) |  |  | (118) |  |  | (108) |
Pension ongoing income 4 | 85 |  |  | 140 |  |  | 240 |  |  | 285 |
Pension mark-to-market expense 4 | — |  |  | — |  |  | (14) |  |  | — |
Other postretirement income 4 | 4 |  |  | 4 |  |  | 8 |  |  | 10 |
Repositioning and other charges 5 | (39) |  |  | (44) |  |  | (84) |  |  | (137) |
Other expense 6 | (104) |  |  | (45) |  |  | (170) |  |  | (88) |
Income before taxes | $ | 1,871 |  |  | $ | 1,974 |  |  | $ | 3,755 |  |  | $ | 3,845 |
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 The entire disclosure for reporting segments including data and tables. 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