HONEYWELL INTERNATIONAL INC - FORM 8-K - EX-99

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8-K - HONEYWELL INTERNATIONAL INC	c78332_8k.htm

Exhibit 99

Segment Information for the three months ended March 31, 2014 and 2013

	Three Months Ended
	March 31,
	2014			2013
Net Sales
Aerospace	$	3,851		$	3,825
Automation and Control Solutions		3,362			3,079
Performance Materials and Technologies		2,466			2,424
Total	$	9,679		$	9,328

Segment Profit
Aerospace	$	703		$	662
Automation and Control Solutions		471			423
Performance Materials and Technologies		473			474
Corporate		(51	)		(51	)
Total segment profit	$	1,596		$	1,508

	Three Months Ended
	March 31,
	2014		2013		% Change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	440	$	451		(2	)%
Business and general aviation		244		229		7	%
Aftermarket
Air transport and regional		717		700		2	%
Business and general aviation		365		339		8	%
Defense and Space		1,092		1,192		(8	)%
Transportation Systems		993		914		9	%
Total Aerospace Sales		3,851		3,825

Automation and Control Solutions Sales
Energy Safety & Security		2,301		2,003		15	%
Building Solutions & Distribution		1,061		1,076		(1	)%
Total Automation and Control Solutions Sales		3,362		3,079

Performance Materials and Technologies
UOP		846		775		9	%
Process Solutions		712		707		1	%
Advanced Materials		908		942		(4	)%
Total Performance Materials and Technologies Sales		2,466		2,424

Net Sales	$	9,679	$	9,328

Aerospace

	Three Months Ended
	March 31,
	2014		2013		% Change
Net sales	$	3,851	$	3,825		1	%
Cost of products and services sold		2,903		2,931
Selling, general and administrative expenses		176		165
Other		69		67
Segment profit	$	703	$	662		6	%

	2014 vs. 2013
	Three Months Ended
	March 31,
Factors Contributing to Year-Over-Year Change	Sales			Segment Profit
Organic growth/ Operational segment profit		1	%		6	%
Total % Change		1	%		6	%

Aerospace sales by major customer end-markets were as follows:

	Three Months Ended March 31,
							%
	% of Aerospace						Increase/
	Sales						(Decrease)
Customer End-Markets	2014			2013			in Sales
Commercial Original Equipment
Air transport and regional		12	%		12	%		(2	)%
Business and general aviation		6	%		6	%		7	%
Commercial Original Equipment		18	%		18	%		1	%

Commercial Aftermarket
Air transport and regional		19	%		18	%		2	%
Business and general aviation		9	%		9	%		8	%
Commercial Aftermarket		28	%		27	%		4	%

Defense and Space		28	%		31	%		(8	)%

Transportation Systems		26	%		24	%		9	%
Total		100	%		100	%		1	%

Segment Information for three and six months ended June 30, 2014 and 2013

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net Sales
Aerospace	$	4,010		$	3,944		$	7,861		$	7,769
Automation and Control Solutions		3,607			3,270			6,969			6,349
Performance Materials and Technologies		2,636			2,479			5,102			4,903
Total	$	10,253		$	9,693		$	19,932		$	19,021

Segment Profit
Aerospace	$	759		$	709		$	1,462		$	1,371
Automation and Control Solutions		533			467			1,004			890
Performance Materials and Technologies		475			438			948			912
Corporate		(58	)		(55	)		(109	)		(106	)
Total segment profit	$	1,709		$	1,559		$	3,305		$	3,067

	Three Months Ended							Six Months Ended
	June 30,							June 30,
	2014		2013		% change			2014		2013		% change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	460	$	430		7	%	$	900	$	881		2	%
Business and general aviation		236		264		(11	)%		480		493		(3	)%
Aftermarket
Air transport and regional		747		736		1	%		1,464		1,436		2	%
Business and general aviation		371		374		(1	)%		736		713		3	%
Defense and Space		1,177		1,193		(1	)%		2,269		2,385		(5	)%
Transportation Systems		1,019		947		8	%		2,012		1,861		8	%
Total Aerospace Sales		4,010		3,944					7,861		7,769

Automation and Control Solutions Sales
Energy Safety & Security		2,394		2,081		15	%		4,695		4,084		15	%
Building Solutions & Distribution		1,213		1,189		2	%		2,274		2,265		—
Total Automation and Control Solutions Sales		3,607		3,270					6,969		6,349

Performance Materials and Technologies
UOP		828		707		17	%		1,674		1,482		13	%
Process Solutions		786		795		(1	)%		1,498		1,502		—
Advanced Materials		1,022		977		5	%		1,930		1,919		1	%
Total Performance Materials and Technologies Sales		2,636		2,479					5,102		4,903
Net Sales	$	10,253	$	9,693				$	19,932	$	19,021

Aerospace

	Three Months Ended							Six Months Ended
	June 30,							June 30,
	2014		2013		% Change			2014		2013		% Change
Net sales	$	4,010	$	3,944		2	%	$	7,861	$	7,769		1	%
Cost of products and services sold		3,008		2,987					5,911		5,918
Selling, general and administrative expenses		179		185					355		350
Other		64		63					133		130
Segment profit	$	759	$	709		7	%	$	1,462	$	1,371		7	%

	2014 vs. 2013
	Three Months Ended					Six Months Ended
	June 30,					June 30,
Factors Contributing to Year-Over-Year Change	Sales			Segment Profit		Sales			Segment Profit
Organic growth/ Operational segment profit		1	%	8	%		1	%	7	%
Other		1	%	(1	)%		—		—
Total % Change		2	%	7	%		1	%	7	%

Aerospace sales by major customer end-markets were as follows:

	Three Months Ended									Six Months Ended
	June 30,									June 30,
							%									%
	% of Aerospace						Increase/			% of Aerospace						Increase/
	Sales						(Decrease)			Sales						(Decrease)
Customer End-Markets	2014			2013			in Sales			2014			2013			in Sales
Commercial Original Equipment
Air transport and regional		12	%		11	%		7	%		11	%		11	%		2	%
Business and general aviation		6	%		7	%		(11	)%		6	%		6	%		(3	)%
Commercial Original Equipment		18	%		18	%		—			17	%		17	%		—

Commercial Aftermarket
Air transport and regional		19	%		19	%		1	%		19	%		19	%		2	%
Business and general aviation		9	%		9	%		(1	)%		9	%		9	%		3	%
Commercial Aftermarket		28	%		28	%		1	%		28	%		28	%		2	%

Defense and Space		29	%		30	%		(1	)%		29	%		31	%		(5	)%

Transportation Systems		25	%		24	%		8	%		26	%		24	%		8	%
Total		100	%		100	%		2	%		100	%		100	%		1	%

Segment Information for the three months ended March 31, 2013 and 2012

	Three Months Ended March 31,
	2013			2012
Net Sales
Aerospace	$	3,825		$	3,904
Automation and Control Solutions		3,079			3,066
Performance Materials and Technologies		2,424			2,337
Total	$	9,328		$	9,307

Segment Profit
Aerospace	$	662		$	654
Automation and Control Solutions		423			401
Performance Materials and Technologies		474			409
Corporate		(51	)		(49	)
Total Segment Profit	$	1,508		$	1,415

	Three Months Ended March 31,
	2013		2012		% change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	451	$	415		9	%
Business and general aviation		229		256		(11	)%
Aftermarket
Air transport and regional		700		728		(4	)%
Business and general aviation		339		347		(2	)%
Defense and Space		1,192		1,204		(1	)%
Transportation Systems		914		954		(4	)%
Total Aerospace Sales		3,825		3,904

Automation and Control Solutions Sales
Energy Safety & Security		2,003		1,972		2	%
Building Solutions & Distribution		1,076		1,094		(2	)%
Total Automation and Control Solutions Sales		3,079		3,066

Performance Materials and Technologies Sales
UOP		775		579		34	%
Process Solutions		707		722		(2	)%
Advanced Materials		942		1,036		(9	)%
Total Performance Materials and Technologies Sales		2,424		2,337
Net Sales	$	9,328	$	9,307

Aerospace

	Three Months Ended March 31,
	2013		2012		% Change
Net sales	$	3,825	$	3,904		(2	)%
Cost of products and services sold		2,931		2,991
Selling, general and administrative expenses		165		191
Other		67		68
Segment profit	$	662	$	654		1	%

	2013 vs. 2012
	Three Months Ended
	March 31,
Factors Contributing to Year-Over-Year Change	Sales	Segment Profit
Organic growth/ Operational segment profit	(2)%	1%
Total % Change	(2)%	1%

Aerospace sales by major customer end-markets were as follows:

	Three Months Ended
	March 31,
	% of Aerospace Sales						% Increase/ (Decrease)
Customer End-Markets	2013			2012			in Sales
Commercial Original Equipment
Air transport and regional		12	%		11	%		9	%
Business and general aviation		6	%		6	%		(11	)%
Commercial Original Equipment		18	%		17	%		1	%

Commercial Aftermarket
Air transport and regional		18	%		19	%		(4	)%
Business and general aviation		9	%		9	%		(2	)%
Commercial Aftermarket		27	%		28	%		(3	)%

Defense and Space		31	%		31	%		(1	)%

Transportation Systems		24	%		24	%		(4	)%
Total		100	%		100	%		(2	)%

Segment Information for the three and six months ended June 30, 2013 and 2012

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Net Sales
Aerospace	$	3,944		$	3,927		$	7,769		$	7,831
Automation and Control Solutions		3,270			3,194			6,349			6,260
Performance Materials and Technologies		2,479			2,314			4,903			4,651
Total	$	9,693		$	9,435		$	19,021		$	18,742

Segment Profit
Aerospace	$	709		$	676		$	1,371		$	1,330
Automation and Control Solutions		467			436			890			837
Performance Materials and Technologies		438			439			912			848
Corporate		(55	)		(58	)		(106	)		(107	)
Total segment profit	$	1,559		$	1,493		$	3,067		$	2,908

	Three Months Ended June 30,							Six Months Ended June 30,
	2013		2012		% change			2013		2012		% change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	430	$	407		6	%	$	881	$	822		7	%
Business and general aviation		264		236		12	%		493		492		—
Aftermarket
Air transport and regional		736		725		2	%		1,436		1,453		(1	)%
Business and general aviation		374		356		5	%		713		703		1	%
Defense and Space		1,193		1,303		(8	)%		2,385		2,507		(5	)%
Transportation Systems		947		900		5	%		1,861		1,854		—
Total Aerospace Sales		3,944		3,927					7,769		7,831

Automation and Control Solutions Sales
Energy Safety & Security		2,081		2,022		3	%		4,084		3,994		2	%
Building Solutions & Distribution		1,189		1,172		1	%		2,265		2,266		—
Total Automation and Control Solutions Sales		3,270		3,194					6,349		6,260

Performance Materials and Technologies
UOP		707		508		39	%		1,482		1,087		36	%
Process Solutions		795		768		4	%		1,502		1,490		1	%
Advanced Materials		977		1,038		(6	)%		1,919		2,074		(7	)%
Total Performance Materials and Technologies Sales		2,479		2,314					4,903		4,651
Net Sales	$	9,693	$	9,435				$	19,021	$	18,742

Aerospace

	Three Months Ended June 30,							Six Months Ended June 30,
	2013		2012		% Change			2013		2012		% Change
Net sales	$	3,944	$	3,927		—		$	7,769	$	7,831		(1	)%
Cost of products and services sold		2,987		2,995					5,918		5,986
Selling, general and administrative expenses		185		193					350		384
Other		63		63					130		131
Segment profit	$	709	$	676		5	%	$	1,371	$	1,330		3	%

	2013 vs. 2012
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Factors Contributing to Year-Over-Year Change	Sales		Segment Profit			Sales	Segment Profit
Organic growth/ Operational segment profit		—		5%		(1)%	3%
Total % Change		—		5%		(1)%	3%

Aerospace sales by major customer end-markets were as follows:

	Three Months Ended									Six Months Ended
	June 30,									June 30,
	% of Aerospace Sales						% Increase/ (Decrease)			% of Aerospace Sales						% Increase/ (Decrease)
Customer End-Markets	2013			2012			in Sales			2013			2012			in Sales
Commercial Original Equipment
Air transport and regional		11	%		10	%		6	%		11	%		10	%		7	%
Business and general aviation		7	%		6	%		12	%		6	%		6	%		—
Commercial Original Equipment		18	%		16	%		8	%		17	%		16	%		5	%

Commercial Aftermarket
Air transport and regional		19	%		19	%		2	%		19	%		19	%		(1	)%
Business and general aviation		9	%		9	%		5	%		9	%		9	%		1	%
Commercial Aftermarket		28	%		28	%		3	%		28	%		28	%		—

Defense and Space		30	%		33	%		(8	)%		31	%		32	%		(5	)%

Transportation Systems		24	%		23	%		5	%		24	%		24	%		—
Total		100	%		100	%		—			100	%		100	%		(1	)%

Segment Information for the three and nine months ended September 30, 2013 and 2012

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Net Sales
Aerospace	$	3,889		$	3,906		$	11,658		$	11,737
Automation and Control Solutions		3,375			3,197			9,724			9,457
Performance Materials and Technologies		2,383			2,239			7,286			6,890
Total	$	9,647		$	9,342		$	28,668		$	28,084

Segment Profit
Aerospace	$	730		$	686		$	2,101		$	2,016
Automation and Control Solutions		523			478			1,413			1,315
Performance Materials and Technologies		413			368			1,325			1,216
Corporate		(51	)		(57	)		(157	)		(164	)
Total segment profit	$	1,615		$	1,475		$	4,682		$	4,383

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
	2013		2012		% change			2013		2012		% change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	415	$	412		1	%	$	1,296	$	1,234		5	%
Business and general aviation		257		240		7	%		750		732		2	%
Aftermarket
Air transport and regional		754		742		2	%		2,190		2,195		—
Business and general aviation		393		355		11	%		1,106		1,058		5	%
Defense and Space		1,154		1,294		(11	)%		3,539		3,801		(7	)%
Transportation Systems		916		863		6	%		2,777		2,717		2	%
Total Aerospace Sales		3,889		3,906					11,658		11,737

Automation and Control Solutions Sales
Energy Safety & Security		2,174		2,004		9	%		6,258		5,998		5	%
Building Solutions & Distribution		1,201		1,193		1	%		3,466		3,459		1	%
Total Automation and Control Solutions Sales		3,375		3,197					9,724		9,457

Performance Materials and Technologies
UOP		704		542		30	%		2,186		1,629		34	%
Process Solutions		754		761		(1	)%		2,256		2,251		—
Advanced Materials		925		936		(1	)%		2,844		3,010		(6	)%
Total Performance Materials and Technologies Sales		2,383		2,239					7,286		6,890
Net Sales	$	9,647	$	9,342				$	28,668	$	28,084

Aerospace

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
	2013		2012		% Change			2013		2012		% Change
Net sales	$	3,889	$	3,906		—		$	11,658	$	11,737		(1	)%
Cost of products and services sold		2,919		2,969					8,837		8,955
Selling, general and administrative expenses		173		186					523		570
Other		67		65					197		196
Segment profit	$	730	$	686		6	%	$	2,101	$	2,016		4	%

	2013 vs. 2012
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Factors Contributing to Year-Over-Year Change	Sales		Segment Profit			Sales			Segment Profit
Organic growth/ Operational segment profit		—		8	%		(1	)%		4	%
Other		—		(2	)%		—			—
Total % Change		—		6	%		(1	)%		4	%

Aerospace sales by major customer end-markets were as follows:

	Three Months Ended									Nine Months Ended
	September 30,									September 30,
							%									%
	% of Aerospace						Increase/			% of Aerospace						Increase/
	Sales						(Decrease)			Sales						(Decrease)
Customer End-Markets	2013			2012			in Sales			2013			2012			in Sales
Commercial Original Equipment
Air transport and regional		11	%		11	%		1	%		11	%		11	%		5	%
Business and general aviation		6	%		6	%		7	%		7	%		6	%		2	%
Commercial Original Equipment		17	%		17	%		3	%		18	%		17	%		4	%

Commercial Aftermarket
Air transport and regional		19	%		19	%		2	%		19	%		19	%		—
Business and general aviation		10	%		9	%		11	%		9	%		9	%		5	%
Commercial Aftermarket		29	%		28	%		5	%		28	%		28	%		1	%

Defense and Space		30	%		33	%		(11	)%		30	%		32	%		(7	)%

Transportation Systems		24	%		22	%		6	%		24	%		23	%		2	%
Total		100	%		100	%		—			100	%		100	%		(1	)%

Segment Information for the years ended December 31, 2013 and 2012

	2013			2012
Net Sales
Aerospace	$	15,735		$	15,601
Automation and Control Solutions		13,465			12,787
Performance Materials and Technologies		9,855			9,277
Total	$	39,055		$	37,665

Segment Profit
Aerospace	$	2,870		$	2,711
Automation and Control Solutions		1,983			1,836
Performance Materials and Technologies		1,725			1,550
Corporate		(227	)		(218	)
Total segment profit	$	6,351		$	5,879

	2013		2012		% Change
Aerospace Sales
Commercial:
Original Equipment
Air transport and regional	$	1,716	$	1,601		7	%
Business and general aviation		935		967		(3	)%
Aftermarket
Air transport and regional		2,960		2,947		—
Business and general aviation		1,499		1,417		6	%
Defense and Space		4,870		5,108		(5	)%
Transportation Systems		3,755		3,561		5	%
Total Aerospace Sales		15,735		15,601

Automation and Control Solutions Sales
Energy Safety & Security		8,756		8,123		8	%
Building Solutions & Distribution		4,709		4,664		1	%
Total Automation and Control Solutions Sales		13,465		12,787


Performance Materials and Technologies Sales
UOP		2,962		2,253		31	%
Process Solutions		3,091		3,093		—
Advanced Materials		3,802		3,931		(3	)%
Total Performance Materials and Technologies Sales		9,855		9,277

Net Sales	$	39,055	$	37,665

Aerospace

	2013		2012		Change
Net sales	$	15,735	$	15,601		1	%
Cost of products and services sold		11,889		11,863
Selling, general and administrative expenses		705		763
Other		271		264
Segment profit	$	2,870	$	2,711		6	%

	2013 vs. 2012
Factors Contributing to Year-Over-Year Change	Sales			Segment Profit
Organic growth/ Operational segment profit		1	%		6	%
Total % Change		1	%		6	%

Aerospace sales by major customer end-markets were as follows:

	% of Aerospace Sales						% Increase (Decrease)
Customer End-Markets	2013			2012			in Sales
Commercial Original Equipment
Air transport and regional		11	%		10	%		7	%
Business and general aviation		6	%		6	%		(3	)%
Commercial Original Equipment		17	%		16	%		3	%

Commercial Aftermarket
Air transport and regional		19	%		19	%		—
Business and general aviation		9	%		9	%		6	%
Commercial Aftermarket		28	%		28	%		2	%

Defense and Space		31	%		33	%		(5	)%

Transportation Systems		24	%		23	%		5	%
Total		100	%		100	%		1	%

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