v3.25.2
SEGMENT FINANCIAL DATA
 6 Months Ended
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, 2025Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,468 $1,646 $1,333 $1,672 $— $7,119 
Services1,839 734 493 165 2 3,233 
Total Net sales4,307 2,380 1,826 1,837 2 10,352 
Less
Cost of products and services sold2,718 1,376 944 1,148 
Selling, general and administrative expenses181 333 282 146 
Other segment items1
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 expenditures97 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, 2024Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,127 $1,777 $1,154 $1,419 $— $6,477 
Services1,764 729 417 185 5 3,100 
Total Net sales3,891 2,506 1,571 1,604 5 9,577 
Less
Cost of products and services sold2,418 1,451 844 996 
Selling, general and administrative expenses139 371 231 111 
Other segment items274 207 99 92 
Total Segment profit$1,060 $477 $397 $405 $(140)$2,199 
Depreciation and amortization$68 $88 $41 $65 $47 $309 
Capital expenditures69 40 20 90 40 259 
Six Months Ended June 30, 2025
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$4,833 $3,290 $2,541 $3,100 $— $13,764 
Services3,646 1,468 977 298 21 6,410 
Total Net sales8,479 4,758 3,518 3,398 21 20,174 
Less
Cost of products and services sold5,310 2,760 1,812 2,130 
Selling, general and administrative expenses369 699 557 282 
Other segment items603 419 230 197 
Total Segment profit$2,197 $880 $919 $789 $(161)$4,624 
Depreciation and amortization$194 $169 $117 $197 $101 $778 
Capital expenditures170 78 47 193 66 554 
Six Months Ended June 30, 2024
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$4,152 $3,577 $2,211 $2,800 $— $12,740 
Services3,408 1,407 786 329 12 5,942 
Total Net sales7,560 4,984 2,997 3,129 12 18,682 
Less
Cost of products and services sold4,635 2,897 1,608 1,995 
Selling, general and administrative expenses294 728 449 240 
Other segment items536 408 193 186 
Total Segment profit$2,095 $951 $747 $708 $(208)$4,293 
Depreciation and amortization$134 $178 $65 $130 $93 $600 
Capital expenditures142 94 35 169 52 492 
June 30, 2025December 31, 2024
Aerospace Technologies$17,799 $16,966 
Industrial Automation21,221 21,035 
Building Automation10,707 11,438 
Energy and Sustainability Solutions13,670 10,337 
Corporate and All Other15,022 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,
2025202420252024
Segment profit$2,366 $2,199 $4,624 $4,293 
Interest and other financial charges(330)(250)(616)(470)
Interest income1
79 110 169 215 
Amortization of acquisition-related intangibles2
(133)(85)(269)(155)
Impairment of assets held for sale— — (15)— 
Stock compensation expense3
(57)(55)(118)(108)
Pension ongoing income4
85 140 240 285 
Pension mark-to-market expense4
— — (14)— 
Other postretirement income4
4 4 8 10 
Repositioning and other charges5
(39)(44)(84)(137)
Other expense6
(104)(45)(170)(88)
Income before taxes$1,871 $1,974 $3,755 $3,845 
1Amounts included in Other (income) expense.
2Amounts 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.