HONEYWELL INTERNATIONAL INCHON
HONEYWELL INTERNATIONAL INC Segments Disclosure
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 goodwill, 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.
| Year Ended December 31, 2025 | Aerospace Technologies | Industrial Automation | Building Automation | Energy and Sustainability Solutions | Corporate and All Other | Total Honeywell | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||||||||
| Products | $ | 9,943 | $ | 6,389 | $ | 5,357 | $ | 2,826 | $ | — | $ | 24,515 | |||||||||||||||||||||||
| Services | 7,567 | 3,012 | 2,010 | 308 | 30 | 12,927 | |||||||||||||||||||||||||||||
| Total Net sales | 17,510 | 9,401 | 7,367 | 3,134 | 30 | 37,442 | |||||||||||||||||||||||||||||
| Less | |||||||||||||||||||||||||||||||||||
| Cost of products and services sold | 11,282 | 5,492 | 3,832 | 1,873 | |||||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 737 | 1,335 | 1,110 | 357 | |||||||||||||||||||||||||||||||
Other segment items1 | 1,207 | 831 | 472 | 212 | |||||||||||||||||||||||||||||||
| Total Segment profit | $ | 4,284 | $ | 1,743 | $ | 1,953 | $ | 692 | $ | (545) | $ | 8,127 | |||||||||||||||||||||||
| Depreciation and amortization | $ | 380 | $ | 343 | $ | 242 | $ | 226 | $ | 197 | $ | 1,388 | |||||||||||||||||||||||
| Capital expenditures | 404 | 201 | 108 | 146 | 127 | 986 | |||||||||||||||||||||||||||||
| 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. | |||||||
| Year Ended December 31, 2024 | Aerospace Technologies | Industrial Automation | Building Automation | Energy and Sustainability Solutions | Corporate and All Other | Total Honeywell | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||||||||
| Products | $ | 8,509 | $ | 7,175 | $ | 4,800 | $ | 2,357 | $ | — | $ | 22,841 | |||||||||||||||||||||||
| Services | 6,949 | 2,876 | 1,740 | 287 | 24 | 11,876 | |||||||||||||||||||||||||||||
| Total Net sales | 15,458 | 10,051 | 6,540 | 2,644 | 24 | 34,717 | |||||||||||||||||||||||||||||
| Less | |||||||||||||||||||||||||||||||||||
| Cost of products and services sold | 9,781 | 5,880 | 3,482 | 1,562 | |||||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 645 | 1,392 | 954 | 270 | |||||||||||||||||||||||||||||||
| Other segment items | 1,044 | 817 | 423 | 197 | |||||||||||||||||||||||||||||||
| Total Segment profit | $ | 3,988 | $ | 1,962 | $ | 1,681 | $ | 615 | $ | (579) | $ | 7,667 | |||||||||||||||||||||||
| Depreciation and amortization | $ | 299 | $ | 362 | $ | 198 | $ | 104 | $ | 190 | $ | 1,153 | |||||||||||||||||||||||
| Capital expenditures | 371 | 214 | 78 | 80 | 128 | 871 | |||||||||||||||||||||||||||||
| Year Ended December 31, 2023 | Aerospace Technologies | Industrial Automation | Building Automation | Energy and Sustainability Solutions | Corporate and All Other | Total Honeywell | |||||||||||||||||||||||||||||
| Net sales | |||||||||||||||||||||||||||||||||||
| Products | $ | 7,316 | $ | 8,176 | $ | 4,599 | $ | 2,254 | $ | — | $ | 22,345 | |||||||||||||||||||||||
| Services | 6,308 | 2,580 | 1,432 | 332 | 12 | 10,664 | |||||||||||||||||||||||||||||
| Total Net sales | 13,624 | 10,756 | 6,031 | 2,586 | 12 | 33,009 | |||||||||||||||||||||||||||||
| Less | |||||||||||||||||||||||||||||||||||
| Cost of products and services sold | 8,362 | 6,379 | 3,240 | 1,599 | |||||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 538 | 1,361 | 884 | 231 | |||||||||||||||||||||||||||||||
| Other segment items | 964 | 807 | 378 | 187 | |||||||||||||||||||||||||||||||
| Total Segment profit | $ | 3,760 | $ | 2,209 | $ | 1,529 | $ | 569 | $ | (504) | $ | 7,563 | |||||||||||||||||||||||
| Depreciation and amortization | $ | 267 | $ | 386 | $ | 107 | $ | 81 | $ | 163 | $ | 1,004 | |||||||||||||||||||||||
| Capital expenditures | 310 | 194 | 79 | 76 | 82 | 741 | |||||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Aerospace Technologies | $ | 17,920 | $ | 16,966 | |||||||
| Industrial Automation | 20,351 | 21,035 | |||||||||
| Building Automation | 10,883 | 11,438 | |||||||||
| Energy and Sustainability Solutions | 7,933 | 5,351 | |||||||||
| Corporate and All Other | 16,594 | 15,375 | |||||||||
| Total assets | $ | 73,681 | $ | 70,165 | |||||||
A reconciliation of segment profit to consolidated income before taxes are as follows:
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Segment profit | $ | 8,127 | $ | 7,667 | $ | 7,563 | |||||||||||
| Interest and other financial charges | (1,344) | (1,048) | (749) | ||||||||||||||
Interest income1 | 369 | 430 | 321 | ||||||||||||||
Amortization of acquisition-related intangibles2 | (570) | (411) | (290) | ||||||||||||||
Impairment of goodwill | (724) | — | — | ||||||||||||||
| Impairment of assets held for sale | (270) | (219) | — | ||||||||||||||
Stock compensation expense3 | (196) | (189) | (197) | ||||||||||||||
Pension ongoing income4 | 544 | 591 | 532 | ||||||||||||||
Pension mark-to-market expense4 | (163) | (126) | (153) | ||||||||||||||
Other postretirement income4 | 15 | 11 | 29 | ||||||||||||||
Repositioning and other gains (charges)5 | 167 | (239) | (844) | ||||||||||||||
Other expense6 | (479) | (223) | (21) | ||||||||||||||
| Income before taxes | $ | 5,476 | $ | 6,244 | $ | 6,191 | |||||||||||
| 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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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 11, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 8, 2019 | |
| 2017 | Feb 9, 2018 | |
| 2016 | Feb 10, 2017 | |
| 2015 | Feb 12, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.