Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Honeywell International Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 27.46% 27.29% 27.67% 25.16% 25.67%
Honeywell Building Technologies 24.95% 23.98% 22.35% 21.18% 20.38%
Performance Materials and Technologies 22.15% 21.94% 21.17% 19.64% 22.46%
Safety and Productivity Solutions 16.41% 15.64% 13.17% 13.99% 12.94%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Aerospace Aerospace segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Honeywell Building Technologies Honeywell Building Technologies segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Performance Materials and Technologies Performance Materials and Technologies segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Safety and Productivity Solutions Safety and Productivity Solutions segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Aerospace

Honeywell International Inc.; Aerospace; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 3,741 3,228 3,051 2,904 3,607
Net sales 13,624 11,827 11,026 11,544 14,054
Segment Profitability Ratio
Segment profit margin1 27.46% 27.29% 27.67% 25.16% 25.67%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 3,741 ÷ 13,624 = 27.46%

Segment profitability ratio Reportable segment The company
Segment profit margin Aerospace Aerospace segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Profit Margin: Honeywell Building Technologies

Honeywell International Inc.; Honeywell Building Technologies; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 1,505 1,439 1,238 1,099 1,165
Net sales 6,031 6,000 5,539 5,189 5,717
Segment Profitability Ratio
Segment profit margin1 24.95% 23.98% 22.35% 21.18% 20.38%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 1,505 ÷ 6,031 = 24.95%

Segment profitability ratio Reportable segment The company
Segment profit margin Honeywell Building Technologies Honeywell Building Technologies segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Performance Materials and Technologies

Honeywell International Inc.; Performance Materials and Technologies; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 2,549 2,354 2,120 1,851 2,433
Net sales 11,506 10,727 10,013 9,423 10,834
Segment Profitability Ratio
Segment profit margin1 22.15% 21.94% 21.17% 19.64% 22.46%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 2,549 ÷ 11,506 = 22.15%

Segment profitability ratio Reportable segment The company
Segment profit margin Performance Materials and Technologies Performance Materials and Technologies segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Safety and Productivity Solutions

Honeywell International Inc.; Safety and Productivity Solutions; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 901 1,080 1,029 907 790
Net sales 5,489 6,907 7,814 6,481 6,104
Segment Profitability Ratio
Segment profit margin1 16.41% 15.64% 13.17% 13.99% 12.94%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 901 ÷ 5,489 = 16.41%

Segment profitability ratio Reportable segment The company
Segment profit margin Safety and Productivity Solutions Safety and Productivity Solutions segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Return on Assets (Segment ROA)

Honeywell International Inc., ROA by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 28.83% 26.48% 26.55% 26.32% 31.70%
Honeywell Building Technologies 22.39% 21.81% 18.92% 17.30% 19.52%
Performance Materials and Technologies 12.92% 13.16% 11.76% 11.04% 14.41%
Safety and Productivity Solutions 8.71% 9.92% 9.15% 8.52% 7.99%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA Aerospace Aerospace segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Honeywell Building Technologies Honeywell Building Technologies segment ROA improved from 2021 to 2022 and from 2022 to 2023.
Performance Materials and Technologies Performance Materials and Technologies segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Safety and Productivity Solutions Safety and Productivity Solutions segment ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment ROA: Aerospace

Honeywell International Inc.; Aerospace; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 3,741 3,228 3,051 2,904 3,607
Total assets 12,976 12,189 11,490 11,035 11,378
Segment Profitability Ratio
Segment ROA1 28.83% 26.48% 26.55% 26.32% 31.70%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 3,741 ÷ 12,976 = 28.83%

Segment profitability ratio Reportable segment The company
Segment ROA Aerospace Aerospace segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment ROA: Honeywell Building Technologies

Honeywell International Inc.; Honeywell Building Technologies; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 1,505 1,439 1,238 1,099 1,165
Total assets 6,723 6,599 6,543 6,351 5,968
Segment Profitability Ratio
Segment ROA1 22.39% 21.81% 18.92% 17.30% 19.52%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 1,505 ÷ 6,723 = 22.39%

Segment profitability ratio Reportable segment The company
Segment ROA Honeywell Building Technologies Honeywell Building Technologies segment ROA improved from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Performance Materials and Technologies

Honeywell International Inc.; Performance Materials and Technologies; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 2,549 2,354 2,120 1,851 2,433
Total assets 19,732 17,887 18,021 16,772 16,888
Segment Profitability Ratio
Segment ROA1 12.92% 13.16% 11.76% 11.04% 14.41%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 2,549 ÷ 19,732 = 12.92%

Segment profitability ratio Reportable segment The company
Segment ROA Performance Materials and Technologies Performance Materials and Technologies segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment ROA: Safety and Productivity Solutions

Honeywell International Inc.; Safety and Productivity Solutions; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Segment profit 901 1,080 1,029 907 790
Total assets 10,342 10,892 11,242 10,640 9,888
Segment Profitability Ratio
Segment ROA1 8.71% 9.92% 9.15% 8.52% 7.99%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 901 ÷ 10,342 = 8.71%

Segment profitability ratio Reportable segment The company
Segment ROA Safety and Productivity Solutions Safety and Productivity Solutions segment ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment Asset Turnover

Honeywell International Inc., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 1.05 0.97 0.96 1.05 1.24
Honeywell Building Technologies 0.90 0.91 0.85 0.82 0.96
Performance Materials and Technologies 0.58 0.60 0.56 0.56 0.64
Safety and Productivity Solutions 0.53 0.63 0.70 0.61 0.62

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover Aerospace Aerospace segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Honeywell Building Technologies Honeywell Building Technologies segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Performance Materials and Technologies Performance Materials and Technologies segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Safety and Productivity Solutions Safety and Productivity Solutions segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Aerospace

Honeywell International Inc.; Aerospace; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 13,624 11,827 11,026 11,544 14,054
Total assets 12,976 12,189 11,490 11,035 11,378
Segment Activity Ratio
Segment asset turnover1 1.05 0.97 0.96 1.05 1.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 13,624 ÷ 12,976 = 1.05

Segment activity ratio Reportable segment The company
Segment asset turnover Aerospace Aerospace segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover: Honeywell Building Technologies

Honeywell International Inc.; Honeywell Building Technologies; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 6,031 6,000 5,539 5,189 5,717
Total assets 6,723 6,599 6,543 6,351 5,968
Segment Activity Ratio
Segment asset turnover1 0.90 0.91 0.85 0.82 0.96

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 6,031 ÷ 6,723 = 0.90

Segment activity ratio Reportable segment The company
Segment asset turnover Honeywell Building Technologies Honeywell Building Technologies segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Asset Turnover: Performance Materials and Technologies

Honeywell International Inc.; Performance Materials and Technologies; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 11,506 10,727 10,013 9,423 10,834
Total assets 19,732 17,887 18,021 16,772 16,888
Segment Activity Ratio
Segment asset turnover1 0.58 0.60 0.56 0.56 0.64

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 11,506 ÷ 19,732 = 0.58

Segment activity ratio Reportable segment The company
Segment asset turnover Performance Materials and Technologies Performance Materials and Technologies segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Asset Turnover: Safety and Productivity Solutions

Honeywell International Inc.; Safety and Productivity Solutions; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 5,489 6,907 7,814 6,481 6,104
Total assets 10,342 10,892 11,242 10,640 9,888
Segment Activity Ratio
Segment asset turnover1 0.53 0.63 0.70 0.61 0.62

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 5,489 ÷ 10,342 = 0.53

Segment activity ratio Reportable segment The company
Segment asset turnover Safety and Productivity Solutions Safety and Productivity Solutions segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation

Honeywell International Inc., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 1.16 0.86 1.02 1.03 1.16
Honeywell Building Technologies 0.74 0.80 0.93 1.20 0.68
Performance Materials and Technologies 0.99 0.67 0.58 0.57 0.64
Safety and Productivity Solutions 0.62 0.26 0.80 1.29 0.37

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Aerospace Aerospace segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Honeywell Building Technologies Honeywell Building Technologies segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Performance Materials and Technologies Performance Materials and Technologies segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
Safety and Productivity Solutions Safety and Productivity Solutions segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Capital Expenditures to Depreciation: Aerospace

Honeywell International Inc.; Aerospace; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 310 246 284 248 272
Depreciation and amortization 267 285 278 241 234
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.16 0.86 1.02 1.03 1.16

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 310 ÷ 267 = 1.16

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Aerospace Aerospace segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Capital Expenditures to Depreciation: Honeywell Building Technologies

Honeywell International Inc.; Honeywell Building Technologies; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 79 74 62 66 43
Depreciation and amortization 107 92 67 55 63
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.74 0.80 0.93 1.20 0.68

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 79 ÷ 107 = 0.74

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Honeywell Building Technologies Honeywell Building Technologies segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Performance Materials and Technologies

Honeywell International Inc.; Performance Materials and Technologies; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 462 318 265 252 314
Depreciation and amortization 468 478 454 440 493
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.99 0.67 0.58 0.57 0.64

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 462 ÷ 468 = 0.99

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Performance Materials and Technologies Performance Materials and Technologies segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Safety and Productivity Solutions

Honeywell International Inc.; Safety and Productivity Solutions; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital expenditures 106 50 190 288 82
Depreciation and amortization 171 191 237 223 222
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.62 0.26 0.80 1.29 0.37

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 106 ÷ 171 = 0.62

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Safety and Productivity Solutions Safety and Productivity Solutions segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Net sales

Honeywell International Inc., net sales by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 13,624 11,827 11,026 11,544 14,054
Honeywell Building Technologies 6,031 6,000 5,539 5,189 5,717
Performance Materials and Technologies 11,506 10,727 10,013 9,423 10,834
Safety and Productivity Solutions 5,489 6,907 7,814 6,481 6,104
Corporate and All Other 12 5
Total 36,662 35,466 34,392 32,637 36,709

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Depreciation and amortization

Honeywell International Inc., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 267 285 278 241 234
Honeywell Building Technologies 107 92 67 55 63
Performance Materials and Technologies 468 478 454 440 493
Safety and Productivity Solutions 171 191 237 223 222
Corporate and All Other 163 158 102 44 76
Total 1,176 1,204 1,138 1,003 1,088

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Segment profit

Honeywell International Inc., segment profit by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 3,741 3,228 3,051 2,904 3,607
Honeywell Building Technologies 1,505 1,439 1,238 1,099 1,165
Performance Materials and Technologies 2,549 2,354 2,120 1,851 2,433
Safety and Productivity Solutions 901 1,080 1,029 907 790
Corporate and All Other (392) (412) (226) (96) (256)
Total 8,304 7,689 7,212 6,665 7,739

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Capital expenditures

Honeywell International Inc., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 310 246 284 248 272
Honeywell Building Technologies 79 74 62 66 43
Performance Materials and Technologies 462 318 265 252 314
Safety and Productivity Solutions 106 50 190 288 82
Corporate and All Other 82 78 94 52 128
Total 1,039 766 895 906 839

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Total assets

Honeywell International Inc., total assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Aerospace 12,976 12,189 11,490 11,035 11,378
Honeywell Building Technologies 6,723 6,599 6,543 6,351 5,968
Performance Materials and Technologies 19,732 17,887 18,021 16,772 16,888
Safety and Productivity Solutions 10,342 10,892 11,242 10,640 9,888
Corporate and All Other 11,752 14,708 17,174 19,788 14,557
Total 61,525 62,275 64,470 64,586 58,679

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).