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SEGMENT FINANCIAL DATA
 9 Months Ended
Sep. 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 (gains) charges, and other items within Other (income) expense.
In October 2025, the Company announced a planned realignment, expected to be effective in the first quarter of 2026, of its business units comprising its Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment will form a new reportable business segment, Process Automation and Technology, and result in a new composition of its Industrial Automation reportable business segment. Process Automation and Technology will be comprised of UOP, which is currently in Energy and Sustainability Solutions, and the core portion of the Process Solutions business, which is currently in Industrial Automation. The new composition of Industrial Automation will continue to include the smart energy, thermal solutions, and process measurement and control businesses, currently included in the Process Solutions business, as well as the Sensing and Safety Technologies, Warehouse and Workflow Solutions, and Productivity Solutions and Services businesses. Following the realignment, the Company’s reportable business segments will be Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. The realignment will not impact the Company’s historical consolidated financial position, results of operations, or cash flows. The Company expects to report its financial performance based on this realignment effective with the first quarter of 2026.
Three Months Ended September 30, 2025Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,606 $1,511 $1,369 $1,600 $— $7,086 
Services1,905 763 509 142 3 3,322 
Total Net sales4,511 2,274 1,878 1,742 3 10,408 
Less
Cost of products and services sold2,844 1,345 990 1,118 
Selling, general and administrative expenses169 297 265 97 
Other segment items1
320 204 121 100 
Total Segment profit$1,178 $428 $502 $427 $(128)$2,407 
Depreciation and amortization$84 $87 $63 $113 $50 $397 
Capital expenditures105 57 22 157 33 374 
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 September 30, 2024Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$2,148 $1,755 $1,281 $1,406 $— $6,590 
Services1,764 746 464 157 7 3,138 
Total Net sales3,912 2,501 1,745 1,563 7 9,728 
Less
Cost of products and services sold2,446 1,461 926 957 
Selling, general and administrative expenses143 332 256 125 
Other segment items241 200 111 98 
Total Segment profit$1,082 $508 $452 $383 $(129)$2,296 
Depreciation and amortization$76 $100 $67 $67 $47 $357 
Capital expenditures79 55 19 91 35 279 
Nine Months Ended September 30, 2025
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$7,439 $4,801 $3,910 $4,700 $— $20,850 
Services5,551 2,231 1,486 440 24 9,732 
Total Net sales12,990 7,032 5,396 5,140 24 30,582 
Less
Cost of products and services sold8,154 4,105 2,802 3,248 
Selling, general and administrative expenses538 996 822 379 
Other segment items923 623 351 297 
Total Segment profit$3,375 $1,308 $1,421 $1,216 $(289)$7,031 
Depreciation and amortization$278 $256 $180 $310 $151 $1,175 
Capital expenditures275 135 69 350 99 928 
Nine Months Ended September 30, 2024
Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal Honeywell
Net sales
Products$6,300 $5,332 $3,492 $4,206 $— $19,330 
Services5,172 2,153 1,250 486 19 9,080 
Total Net sales11,472 7,485 4,742 4,692 19 28,410 
Less
Cost of products and services sold7,081 4,358 2,534 2,952 
Selling, general and administrative expenses437 1,060 705 365 
Other segment items777 608 304 284 
Total Segment profit$3,177 $1,459 $1,199 $1,091 $(337)$6,589 
Depreciation and amortization$210 $278 $132 $197 $140 $957 
Capital expenditures221 149 54 260 87 771 
September 30, 2025December 31, 2024
Aerospace Technologies$18,060 $16,966 
Industrial Automation21,198 21,035 
Building Automation10,943 11,438 
Energy and Sustainability Solutions13,454 10,337 
Corporate and All Other17,262 15,420 
Total assets$80,917 $75,196 
A reconciliation of segment profit to consolidated income before taxes are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Segment profit$2,407 $2,296 $7,031 $6,589 
Interest and other financial charges(354)(297)(970)(767)
Interest income1
86 110 255 325 
Amortization of acquisition-related intangibles2
(141)(120)(410)(275)
Impairment of assets held for sale— (125)(15)(125)
Stock compensation expense3
(36)(45)(154)(153)
Pension ongoing income4
150 145 390 430 
Pension mark-to-market expense4
— — (14)— 
Other postretirement income4
3 3 11 13 
Repositioning and other gains (charges)5
367 (52)283 (189)
Other expense6
(260)(91)(430)(179)
Income before taxes$2,222 $1,824 $5,977 $5,669 
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.