v3.26.3
Segment Financial Data
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Financial Data Segment Financial Data
Following the Aerospace Spin-Off, Honeywell Technologies globally manages its business operations through three 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 review the businesses, make investing and resource allocation decisions, and assess 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 are 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. Additionally, in conjunction with the Aerospace Spin-Off, the Company transferred assets of $26 million from the former Aerospace Technologies reportable business segment to the Industrial Automation reportable business segment. 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 September 30, 2026Building Automation
Process Automation and Technology
Industrial AutomationCorporate and All OtherTotal Honeywell Technologies
Net sales
Products$1,441 $1,273 $914 $— $3,628 
Services579 586 201 — 1,366 
Total Net sales$2,020 $1,859 $1,115 $— $4,994 
Less
Cost of products and services sold1,068 1,069 671 
Selling, general and administrative expenses271 241 137 
Other segment items1
135 137 102 
Total Segment profit$546 $412 $205 $(101)$1,062 
Depreciation and amortization$63 $149 $31 $13 $256 
Capital expenditures33 21 25 (2)77 
Three Months Ended September 30, 2025Building Automation
Process Automation and Technology
Industrial AutomationCorporate and All Other
Total Honeywell Technologies
Net sales
Products$1,369 $1,024 $1,180 $— $3,573 
Services509 574 270 — 1,353 
Total Segment sales$1,878 $1,598 $1,450 $— $4,926 
Quantinuum— — — 3 3 
Total Net sales$1,878 $1,598 $1,450 $3 $4,929 
Less
Cost of products and services sold990 896 913 
Selling, general and administrative expenses265 188 193 
Other segment items1
121 125 128 
Total Segment profit$502 $389 $216 $(241)$866 
Depreciation and amortization$63 $94 $57 $34 $248 
Capital expenditures22 59 45 24 150 
Nine Months Ended September 30, 2026Building AutomationProcess Automation and TechnologyIndustrial AutomationCorporate and All OtherTotal Honeywell Technologies
Net sales
Products$4,176 $3,319 $3,361 $— $10,856 
Services1,728 1,732 678 — 4,138 
Total Segment sales$5,904 $5,051 $4,039 $— $14,994 
Quantinuum— — — 10 10 
Total Net sales$5,904 $5,051 $4,039 $10 $15,004 
Less
Cost of products and services sold3,126 2,910 2,471 
Selling, general and administrative expenses809 622 525 
Other segment items1
385 377 340 
Total Segment profit$1,584 $1,142 $703 $(438)$2,991 
Depreciation and amortization$184 $287 $104 $123 $698 
Capital expenditures85 148 75 61 369 
Nine Months Ended September 30, 2025Building AutomationProcess Automation and TechnologyIndustrial AutomationCorporate and All Other
Total Honeywell Technologies
Net sales
Products$3,910 $2,963 $3,851 $— $10,724 
Services1,486 1,693 776 — 3,955 
Total Segment sales$5,396 $4,656 $4,627 $— $14,679 
Quantinuum— — — 24 24 
Total Net sales$5,396 $4,656 $4,627 $24 $14,703 
Less
Cost of products and services sold2,802 2,601 2,865 
Selling, general and administrative expenses822 602 651 
Other segment items1
351 365 407 
Total Segment profit$1,421 $1,088 $704 $(650)$2,563 
Depreciation and amortization$180 $241 $171 $124 $716 
Capital expenditures69 138 99 69 375 
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.
September 30, 2026December 31, 2025
Building Automation$10,717 $10,883 
Process Automation and Technology
20,192 17,572 
Industrial Automation8,040 10,738 
Corporate and All Other14,149 14,644 
Total assets$53,098 $53,837 
A reconciliation of segment profit to consolidated income from continuing operations before taxes is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Segment profit$1,062 $866 $2,991 $2,563 
Interest and other financial charges(143)(263)(579)(715)
Interest income1
50 85 207 247 
Amortization of acquisition-related intangibles2
(131)(135)(352)(364)
Impairment of assets held for sale— — (311)(15)
Stock compensation expense3
(104)(22)(182)(115)
Pension ongoing income4
90 75 263 151 
Other postretirement income4
2 3 6 11 
Repositioning and other (charges) gains5
(17)581 (133)516 
Loss on debt extinguishment
— — (241)— 
Divestiture-related costs6
(94)(25)(489)(70)
Gain on deconsolidation of subsidiary— — 6,629 — 
Gain (loss) on sale of non-strategic businesses and assets1
339 — 345 (30)
Other (expense) income7
(68)(18)(128)(36)
Loss on Quantinuum8
— (40)(140)(120)
Income from continuing operations before taxes and equity losses$986 $1,107 $7,886 $2,023 
Equity loss(147)— (412)— 
Income from continuing operations before taxes$839 $1,107 $7,474 $2,023 
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, and Other (income) expense.
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 and trademark licensing income are 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.