Analysis of Reportable Segments
Honeywell International Inc. operates in 4 segments: Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.
Segment Profit Margin
Honeywell International Inc., profit margin by reportable segment
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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).