Analysis of Reportable Segments
Honeywell International Inc. operates in 4 segments: Aerospace Technologies; Industrial Automation; Building Automation; and Energy and Sustainability Solutions.
Segment Profit Margin
Honeywell International Inc., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 25.80% | 27.60% | 27.45% | — | — |
| Industrial Automation | 19.52% | 20.54% | 18.49% | — | — |
| Building Automation | 25.70% | 25.35% | 24.40% | — | — |
| Energy and Sustainability Solutions | 23.69% | 23.83% | 25.93% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Aerospace Technologies | Aerospace Technologies segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Industrial Automation | Industrial Automation segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. | |
| Building Automation | Building Automation segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Energy and Sustainability Solutions | Energy and Sustainability Solutions segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Aerospace Technologies
Honeywell International Inc.; Aerospace Technologies; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 3,988) | 3,760) | 3,247) | —) | —) |
| Net sales | 15,458) | 13,624) | 11,827) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.80% | 27.60% | 27.45% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 3,988 ÷ 15,458 = 25.80%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Aerospace Technologies | Aerospace Technologies segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Profit Margin: Industrial Automation
Honeywell International Inc.; Industrial Automation; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,962) | 2,209) | 2,152) | —) | —) |
| Net sales | 10,051) | 10,756) | 11,638) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 19.52% | 20.54% | 18.49% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 1,962 ÷ 10,051 = 19.52%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Automation | Industrial Automation segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Profit Margin: Building Automation
Honeywell International Inc.; Building Automation; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,681) | 1,529) | 1,464) | —) | —) |
| Net sales | 6,540) | 6,031) | 6,000) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.70% | 25.35% | 24.40% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 1,681 ÷ 6,540 = 25.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Building Automation | Building Automation segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Energy and Sustainability Solutions
Honeywell International Inc.; Energy and Sustainability Solutions; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,522) | 1,487) | 1,555) | —) | —) |
| Net sales | 6,425) | 6,239) | 5,996) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 23.69% | 23.83% | 25.93% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales
= 100 × 1,522 ÷ 6,425 = 23.69%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy and Sustainability Solutions | Energy and Sustainability Solutions segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
Honeywell International Inc., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 23.51% | 28.98% | 26.64% | — | — |
| Industrial Automation | 9.33% | 10.03% | 12.03% | — | — |
| Building Automation | 14.70% | 22.74% | 22.19% | — | — |
| Energy and Sustainability Solutions | 14.72% | 18.48% | 14.28% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Aerospace Technologies | Aerospace Technologies segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Industrial Automation | Industrial Automation segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Building Automation | Building Automation segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Energy and Sustainability Solutions | Energy and Sustainability Solutions segment ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment ROA: Aerospace Technologies
Honeywell International Inc.; Aerospace Technologies; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 3,988) | 3,760) | 3,247) | —) | —) |
| Total assets | 16,966) | 12,976) | 12,189) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 23.51% | 28.98% | 26.64% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 3,988 ÷ 16,966 = 23.51%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Aerospace Technologies | Aerospace Technologies segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: Industrial Automation
Honeywell International Inc.; Industrial Automation; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,962) | 2,209) | 2,152) | —) | —) |
| Total assets | 21,035) | 22,026) | 17,887) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 9.33% | 10.03% | 12.03% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 1,962 ÷ 21,035 = 9.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Automation | Industrial Automation segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Building Automation
Honeywell International Inc.; Building Automation; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,681) | 1,529) | 1,464) | —) | —) |
| Total assets | 11,438) | 6,723) | 6,599) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 14.70% | 22.74% | 22.19% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 1,681 ÷ 11,438 = 14.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Building Automation | Building Automation segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: Energy and Sustainability Solutions
Honeywell International Inc.; Energy and Sustainability Solutions; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment profit | 1,522) | 1,487) | 1,555) | —) | —) |
| Total assets | 10,337) | 8,048) | 10,892) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 14.72% | 18.48% | 14.28% | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Segment profit ÷ Total assets
= 100 × 1,522 ÷ 10,337 = 14.72%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Energy and Sustainability Solutions | Energy and Sustainability Solutions segment ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment Asset Turnover
Honeywell International Inc., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 0.91 | 1.05 | 0.97 | — | — |
| Industrial Automation | 0.48 | 0.49 | 0.65 | — | — |
| Building Automation | 0.57 | 0.90 | 0.91 | — | — |
| Energy and Sustainability Solutions | 0.62 | 0.78 | 0.55 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Aerospace Technologies | Aerospace Technologies segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Industrial Automation | Industrial Automation segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Building Automation | Building Automation segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Energy and Sustainability Solutions | Energy and Sustainability Solutions segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment Asset Turnover: Aerospace Technologies
Honeywell International Inc.; Aerospace Technologies; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 15,458) | 13,624) | 11,827) | —) | —) |
| Total assets | 16,966) | 12,976) | 12,189) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.91 | 1.05 | 0.97 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 15,458 ÷ 16,966 = 0.91
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Aerospace Technologies | Aerospace Technologies segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Asset Turnover: Industrial Automation
Honeywell International Inc.; Industrial Automation; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 10,051) | 10,756) | 11,638) | —) | —) |
| Total assets | 21,035) | 22,026) | 17,887) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.48 | 0.49 | 0.65 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 10,051 ÷ 21,035 = 0.48
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Automation | Industrial Automation segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Building Automation
Honeywell International Inc.; Building Automation; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 6,540) | 6,031) | 6,000) | —) | —) |
| Total assets | 11,438) | 6,723) | 6,599) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.57 | 0.90 | 0.91 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 6,540 ÷ 11,438 = 0.57
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Building Automation | Building Automation segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Energy and Sustainability Solutions
Honeywell International Inc.; Energy and Sustainability Solutions; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 6,425) | 6,239) | 5,996) | —) | —) |
| Total assets | 10,337) | 8,048) | 10,892) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.62 | 0.78 | 0.55 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 6,425 ÷ 10,337 = 0.62
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Energy and Sustainability Solutions | Energy and Sustainability Solutions segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment Capital Expenditures to Depreciation
Honeywell International Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 1.24 | 1.16 | 0.86 | — | — |
| Industrial Automation | 0.59 | 0.50 | 0.18 | — | — |
| Building Automation | 0.39 | 0.74 | 0.80 | — | — |
| Energy and Sustainability Solutions | 1.31 | 1.48 | 1.18 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Aerospace Technologies | Aerospace Technologies segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Industrial Automation | Industrial Automation segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Building Automation | Building Automation segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Energy and Sustainability Solutions | Energy and Sustainability Solutions segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment Capital Expenditures to Depreciation: Aerospace Technologies
Honeywell International Inc.; Aerospace Technologies; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 371) | 310) | 246) | —) | —) |
| Depreciation and amortization | 299) | 267) | 285) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.24 | 1.16 | 0.86 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 371 ÷ 299 = 1.24
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Aerospace Technologies | Aerospace Technologies segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Industrial Automation
Honeywell International Inc.; Industrial Automation; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 214) | 194) | 77) | —) | —) |
| Depreciation and amortization | 362) | 386) | 422) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.59 | 0.50 | 0.18 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 214 ÷ 362 = 0.59
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Automation | Industrial Automation segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Building Automation
Honeywell International Inc.; Building Automation; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 78) | 79) | 74) | —) | —) |
| Depreciation and amortization | 198) | 107) | 92) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.39 | 0.74 | 0.80 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 78 ÷ 198 = 0.39
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Building Automation | Building Automation segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Energy and Sustainability Solutions
Honeywell International Inc.; Energy and Sustainability Solutions; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 373) | 374) | 291) | —) | —) |
| Depreciation and amortization | 285) | 253) | 247) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.31 | 1.48 | 1.18 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 373 ÷ 285 = 1.31
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Energy and Sustainability Solutions | Energy and Sustainability Solutions segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Net sales
Honeywell International Inc., net sales by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 15,458) | 13,624) | 11,827) | —) | —) |
| Industrial Automation | 10,051) | 10,756) | 11,638) | —) | —) |
| Building Automation | 6,540) | 6,031) | 6,000) | —) | —) |
| Energy and Sustainability Solutions | 6,425) | 6,239) | 5,996) | —) | —) |
| Corporate and All Other | 24) | 12) | 5) | —) | —) |
| Total | 38,498) | 36,662) | 35,466) | —) | —) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Segment profit
Honeywell International Inc., segment profit by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 3,988) | 3,760) | 3,247) | —) | —) |
| Industrial Automation | 1,962) | 2,209) | 2,152) | —) | —) |
| Building Automation | 1,681) | 1,529) | 1,464) | —) | —) |
| Energy and Sustainability Solutions | 1,522) | 1,487) | 1,555) | —) | —) |
| Corporate and All Other | (454) | (387) | (396) | —) | —) |
| Total | 8,699) | 8,598) | 8,022) | —) | —) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Depreciation and amortization
Honeywell International Inc., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 299) | 267) | 285) | —) | —) |
| Industrial Automation | 362) | 386) | 422) | —) | —) |
| Building Automation | 198) | 107) | 92) | —) | —) |
| Energy and Sustainability Solutions | 285) | 253) | 247) | —) | —) |
| Corporate and All Other | 190) | 163) | 158) | —) | —) |
| Total | 1,334) | 1,176) | 1,204) | —) | —) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Capital expenditures
Honeywell International Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 371) | 310) | 246) | —) | —) |
| Industrial Automation | 214) | 194) | 77) | —) | —) |
| Building Automation | 78) | 79) | 74) | —) | —) |
| Energy and Sustainability Solutions | 373) | 374) | 291) | —) | —) |
| Corporate and All Other | 128) | 82) | 78) | —) | —) |
| Total | 1,164) | 1,039) | 766) | —) | —) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Total assets
Honeywell International Inc., total assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Aerospace Technologies | 16,966) | 12,976) | 12,189) | —) | —) |
| Industrial Automation | 21,035) | 22,026) | 17,887) | —) | —) |
| Building Automation | 11,438) | 6,723) | 6,599) | —) | —) |
| Energy and Sustainability Solutions | 10,337) | 8,048) | 10,892) | —) | —) |
| Corporate and All Other | 15,420) | 11,752) | 14,708) | —) | —) |
| Total | 75,196) | 61,525) | 62,275) | —) | —) |
Based on: 10-K (reporting date: 2024-12-31), 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).