v3.26.1
SEGMENT FINANCIAL DATA
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT FINANCIAL DATA SEGMENT FINANCIAL DATA
Through June 29, 2026, the date of the Aerospace Spin-Off, Honeywell Technologies globally managed 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 Technologies’ 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 goodwill, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other (gains) charges, loss on debt extinguishment, gain on deconsolidation of subsidiary, and other items within Other (income) expense.
Effective during the first quarter of 2026, the Company realigned certain of its business units comprising the Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment formed a new reportable business segment, Process Automation and Technology, and resulted in a new composition of the Industrial Automation reportable business segment. Process Automation and Technology is comprised of UOP, which was previously in Energy and Sustainability Solutions, and the core portion of the Process Solutions business, which was previously in Industrial Automation. The new composition of Industrial Automation continues to include the smart energy, thermal solutions, and process measurement and control businesses, previously 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 were Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. The realignment had no impact on the Company’s historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast.

Effective during the second quarter of 2026, the Company updated its calculation of segment profit to exclude the results of Quantinuum previously included in Corporate and All Other, as Quantinuum no longer meets the definition of an operating segment following the deconsolidation of Quantinuum. The Company recast historical periods to reflect segment profit under the new basis to facilitate comparability.
Three Months Ended June 30, 2026Aerospace TechnologiesBuilding Automation
Process Automation and Technology
Industrial AutomationCorporate and All OtherTotal Honeywell Technologies
Net sales
Products$2,620 $1,413 $1,088 $1,253 $— $6,374 
Services1,912 589 591 248 — 3,340 
Total Segment sales
$4,532 $2,002 $1,679 $1,501 $— $9,714 
Quantinuum
— — — — 5 5 
Total Net sales$4,532 $2,002 $1,679 $1,501 $5 $9,719 
Less
Cost of products and services sold2,889 1,065 985 933 
Selling, general and administrative expenses204 265 207 192 
Other segment items1
313 130 116 118 
Total Segment profit$1,126 $542 $371 $258 $(57)$2,240 
Depreciation and amortization$116 $57 $38 $36 $65 $312 
Capital expenditures118 35 73 35 54 315 
Three Months Ended June 30, 2025Aerospace TechnologiesBuilding Automation
Process Automation and Technology
Industrial AutomationCorporate and All Other
Total Honeywell Technologies
Net sales
Products$2,468 $1,333 $1,048 $1,328 $— $6,177 
Services1,839 493 565 246 — 3,143 
Total Segment sales$4,307 $1,826 $1,613 $1,574 $— $9,320 
Quantinuum— — — — 2 2 
Total Net sales$4,307 $1,826 $1,613 $1,574 $2 $9,322 
Less
Cost of products and services sold2,718 944 896 957 
Selling, general and administrative expenses181 282 206 219 
Other segment items1
310 121 125 142 
Total Segment profit$1,098 $479 $386 $256 $(91)$2,128 
Depreciation and amortization$100 $57 $79 $58 $54 $348 
Capital expenditures97 24 39 32 34 226 
Six Months Ended June 30, 2026Aerospace TechnologiesBuilding AutomationProcess Automation and TechnologyIndustrial AutomationCorporate and All Other
Total Honeywell Technologies
Net sales
Products$5,013 $2,735 $2,046 $2,447 $— $12,241 
Services3,841 1,149 1,146 475 — 6,611 
Total Segment sales
$8,854 $3,884 $3,192 $2,922 $— $18,852 
Quantinuum
— — — — 10 10 
Total Net sales
$8,854 $3,884 $3,192 $2,922 $10 $18,862 
Less
Cost of products and services sold5,564 2,058 1,841 1,797 
Selling, general and administrative expenses400 538 381 388 
Other segment items1
620 250 240 238 
Total Segment profit$2,270 $1,038 $730 $499 $(105)$4,432 
Depreciation and amortization$223 $121 $138 $73 $114 $669 
Capital expenditures216 52 127 50 93 538 
Six Months Ended June 30, 2025Aerospace TechnologiesBuilding AutomationProcess Automation and TechnologyIndustrial AutomationCorporate and All Other
Total Honeywell Technologies
Net sales
Products$4,833 $2,541 $1,939 $2,671 $— $11,984 
Services3,646 977 1,119 500 — 6,242 
Total Segment sales$8,479 $3,518 $3,058 $3,171 $— $18,226 
Quantinuum— — — — 21 21 
Total Net sales$8,479 $3,518 $3,058 $3,171 $21 $18,247 
Less
Cost of products and services sold5,310 1,812 1,705 1,946 
Selling, general and administrative expenses369 557 414 458 
Other segment items1
603 230 240 281 
Total Segment profit$2,197 $919 $699 $486 $(144)$4,157 
Depreciation and amortization$194 $117 $147 $114 $101 $673 
Capital expenditures170 47 79 54 66 416 
1
For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies from strategically aligned investments 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.
June 30, 2026December 31, 2025
Aerospace Technologies$21,538 $17,920 
Building Automation10,724 10,883 
Process Automation and Technology
17,512 17,572 
Industrial Automation10,419 10,712 
Corporate and All Other17,151 16,594 
Total assets$77,344 $73,681 
A reconciliation of segment profit to consolidated income before taxes are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment profit$2,240 $2,128 $4,432 $4,157 
Interest and other financial charges(363)(329)(719)(614)
Interest income1
79 79 169 170 
Amortization of acquisition-related intangibles2
(116)(132)(269)(267)
Impairment of assets held for sale(48)— (311)(15)
Stock compensation expense3
(51)(55)(108)(114)
Pension ongoing income4
168 85 332 225 
Other postretirement income4
2 4 4 8 
Repositioning and other charges5
(91)(30)(159)(78)
Loss on debt extinguishment
(2)— (241)— 
Divestiture-related costs6
(820)(56)(1,134)(67)
Gain on deconsolidation of subsidiary6,629 — 6,629 — 
Equity loss(265)— (265)— 
Other expense7
(30)(16)(70)(33)
Loss on Quantinuum8
(68)(51)(140)(80)
Income before taxes$7,264 $1,627 $8,150 $3,292 
1Amounts included in Other (income) expense.
2Amounts included in Cost of products and services sold.
3Amounts included in Selling, general and administrative expenses.
4Amounts 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).
5Amounts included in Cost of products and services sold, Selling, general and administrative expenses, repositioning, asbestos, and environmental gains (expenses).
6Amounts included in Selling, general and administrative expenses, Research and development expenses, and Other (income) expense.
7
Amounts include the other components of Selling, general and administrative expenses and Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies from strategically aligned investments is included in segment profit.
8Includes consolidated losses of Quantinuum prior to the deconsolidation of the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, Selling, general and administrative expenses, and Other (income) expense.