Note 12. Segment Financial Data

We globally manage our business operations through four reportable operating segments. Segment information is consistent with how 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, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2018		2017		2018		2017
Net sales
Aerospace
Products	$	2,800	$	2,545	$	5,528	$	4,941
Services		1,258		1,129		2,507		2,279
Total		4,058		3,674		8,035		7,220
Home and Building Technologies
Products		2,183		2,078		4,266		4,029
Services		363		336		713		654
Total		2,546		2,414		4,979		4,683
Performance Materials and Technologies
Products		2,194		2,101		4,257		4,041
Services		504		460		975		873
Total		2,698		2,561		5,232		4,914
Safety and Productivity Solutions
Products		1,526		1,355		2,886		2,608
Services		91		74		179		145
Total		1,617		1,429		3,065		2,753
	$	10,919	$	10,078	$	21,311	$	19,570

Segment profit
Aerospace	$	918	$	819	$	1,811	$	1,615
Home and Building Technologies		427		391		843		768
Performance Materials and Technologies		597		553		1,116		1,036
Safety and Productivity Solutions		267		214		498		408
Corporate		(64)		(67)		(128)		(128)
Total segment profit		2,145		1,910		4,140		3,699

Interest and other financial charges		(95)		(79)		(178)		(154)
Stock compensation expense^(a)		(38)		(44)		(90)		(94)
Pension ongoing income^(b)		250		184		498		363
Other postretirement income^(b)		6		6		12		10
Repositioning and other charges ^(c)		(265)		(224)		(458)		(353)
Other^(d)		(4)		25		(16)		31
Income before taxes	$	1,999	$	1,778	$	3,908	$	3,502

(a) Amounts included in Selling, general and administrative expenses.
(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service costs) and Other income/expense (non-service cost components).
(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other income/expense.
(d) Amounts include the other components of Other income/expense not included within other categories in this reconciliation. Equity income/loss of affiliated companies is included in segment profit.