Attached files
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EX-99.2 - HONEYWELL INTERNATIONAL INC | c86220_ex99-2.htm |
8-K - HONEYWELL INTERNATIONAL INC | c86220_8k.htm |
Exhibit 99.1
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Segment Information for three months ended March 31, 2016 and 2015
Three Months Ended | ||||||||
March 31, | ||||||||
2016 | 2015 | |||||||
Net Sales | ||||||||
Aerospace | $ | 3,705 | $ | 3,607 | ||||
Home and Building Technologies | 2,477 | 2,093 | ||||||
Performance Materials and Technologies | 2,281 | 2,403 | ||||||
Safety and Productivity Solutions | 1,059 | 1,110 | ||||||
Total | $ | 9,522 | $ | 9,213 | ||||
Segment Profit | ||||||||
Aerospace | $ | 798 | $ | 752 | ||||
Home and Building Technologies | 360 | 324 | ||||||
Performance Materials and Technologies | 461 | 519 | ||||||
Safety and Productivity Solutions | 150 | 176 | ||||||
Corporate | (49 | ) | (50 | ) | ||||
Total | $ | 1,720 | $ | 1,721 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Three Months Ended | ||||||||||||
March 31, | % | |||||||||||
2016 | 2015 | Change | ||||||||||
Aerospace Sales | ||||||||||||
Commercial Aviation Original Equipment | $ | 701 | $ | 683 | 3 | % | ||||||
Commercial Aviation Aftermarket | 1,148 | 1,082 | 6 | % | ||||||||
Defense and Space | 1,069 | 1,075 | (1 | )% | ||||||||
Transportation Systems | 787 | 767 | 3 | % | ||||||||
Total Aerospace Sales | 3,705 | 3,607 | ||||||||||
Home and Building Technologies Sales | ||||||||||||
Home and Building Products | 1,398 | 1,089 | 28 | % | ||||||||
Home and Building Distribution | 1,079 | 1,004 | 7 | % | ||||||||
Total Home and Building Technologies Sales | 2,477 | 2,093 | ||||||||||
Performance Materials and Technologies Sales | ||||||||||||
UOP | 568 | 914 | (38 | )% | ||||||||
Process Solutions | 837 | 693 | 21 | % | ||||||||
Advanced Materials | 876 | 796 | 10 | % | ||||||||
Total Performance Materials and Technologies Sales | 2,281 | 2,403 | ||||||||||
Safety and Productivity Solutions Sales | ||||||||||||
Safety | 508 | 508 | - | |||||||||
Productivity Solutions | 551 | 602 | (8 | )% | ||||||||
Total Safety and Productivity Solutions Sales | 1,059 | 1,110 | ||||||||||
Net Sales | $ | 9,522 | $ | 9,213 |
2 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Home and Building Technologies
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
2016 | 2015 | % Change | ||||||||||
Net sales | $ | 2,477 | $ | 2,093 | 18 | % | ||||||
Cost of products and services sold | 1,657 | 1,347 | ||||||||||
Selling, general and administrative expenses | 404 | 370 | ||||||||||
Other | 56 | 52 | ||||||||||
Segment profit | $ | 360 | $ | 324 | 11 | % |
2016 vs. 2015 | ||||||||||||
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit |
||||||||||
Organic growth/ Operational segment profit | 8 | % | 17 | % | ||||||||
Foreign exchange | (3) | % | (2) | % | ||||||||
Acquisitions and divestitures, net | 13 | % | (4) | % | ||||||||
Total % Change | 18 | % | 11 | % |
Performance Materials and Technologies
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
2016 | 2015 | % Change | ||||||||||
Net sales | $ | 2,281 | $ | 2,403 | (5 | )% | ||||||
Cost of products and services sold | 1,528 | 1,620 | ||||||||||
Selling, general and administrative expenses | 255 | 229 | ||||||||||
Other | 37 | 35 | ||||||||||
Segment profit | $ | 461 | $ | 519 | (11 | )% |
3 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
2016 vs. 2015 | ||||||||||||
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit |
||||||||||
Organic growth/ Operational segment profit | (9) | % | (14) | % | ||||||||
Foreign exchange | (2) | % | (3) | % | ||||||||
Acquisitions and divestitures, net | 6 | % | 6 | % | ||||||||
Total % Change | (5) | % | (11) | % |
Safety and Productivity Solutions
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
2016 | 2015 | % Change | ||||||||||
Net sales | $ | 1,059 | $ | 1,110 | (5) | % | ||||||
Cost of products and services sold | 690 | 704 | ||||||||||
Selling, general and administrative expenses | 196 | 210 | ||||||||||
Other | 23 | 20 | ||||||||||
Segment profit | $ | 150 | $ | 176 | (15) | % |
2016 vs. 2015 | ||||||||||||
Three Months Ended | ||||||||||||
March 31, | ||||||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit |
||||||||||
Organic growth/ Operational segment profit | (4) | % | (13) | % | ||||||||
Foreign exchange | (3) | % | (3) | % | ||||||||
Acquisitions and divestitures, net | 2 | % | 1 | % | ||||||||
Total % Change | (5) | % | (15) | % |
4 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Segment Information for the three and six months ended June 30, 2016 and 2015
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2016 | 2015 | 2016 | 2015 | |||||||||||||
Net Sales | ||||||||||||||||
Aerospace | $ | 3,779 | $ | 3,827 | $ | 7,484 | $ | 7,434 | ||||||||
Home and Building Technologies | 2,676 | 2,280 | 5,153 | 4,373 | ||||||||||||
Performance Materials and Technologies | 2,434 | 2,455 | 4,715 | 4,858 | ||||||||||||
Safety and Productivity Solutions | 1,102 | 1,213 | 2,161 | 2,323 | ||||||||||||
Total | $ | 9,991 | $ | 9,775 | $ | 19,513 | $ | 18,988 | ||||||||
Segment Profit | ||||||||||||||||
Aerospace | $ | 791 | $ | 777 | $ | 1,589 | $ | 1,529 | ||||||||
Home and Building Technologies | 412 | 356 | 772 | 680 | ||||||||||||
Performance Materials and Technologies | 520 | 524 | 981 | 1,043 | ||||||||||||
Safety and Productivity Solutions | 173 | 196 | 323 | 372 | ||||||||||||
Corporate | (49 | ) | (50 | ) | (98 | ) | (100 | ) | ||||||||
Total | $ | 1,847 | $ | 1,803 | $ | 3,567 | $ | 3,524 |
5 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Three Months Ended | Six Months Ended | |||||||||||||||||||||||
June 30, | % | June 30, | % | |||||||||||||||||||||
2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||||||||||
Aerospace Sales | ||||||||||||||||||||||||
Commercial Aviation Original Equipment | $ | 676 | $ | 741 | (9 | )% | $ | 1,377 | $ | 1,424 | (3 | )% | ||||||||||||
Commercial Aviation Aftermarket | 1,207 | 1,143 | 6 | % | 2,355 | 2,225 | 6 | % | ||||||||||||||||
Defense and Space | 1,096 | 1,178 | (7 | )% | 2,165 | 2,253 | (4 | )% | ||||||||||||||||
Transportation Systems | 800 | 765 | 5 | % | 1,587 | 1,532 | 4 | % | ||||||||||||||||
Total Aerospace Sales | 3,779 | 3,827 | 7,484 | 7,434 | ||||||||||||||||||||
Home and Building Technologies Sales | ||||||||||||||||||||||||
Home and Building Products | 1,499 | 1,144 | 31 | % | 2,897 | 2,233 | 30 | % | ||||||||||||||||
Home and Building Distribution | 1,177 | 1,136 | 4 | % | 2,256 | 2,140 | 5 | % | ||||||||||||||||
Total Home and Building Technologies Sales | 2,676 | 2,280 | 5,153 | 4,373 | ||||||||||||||||||||
Performance Materials and Technologies Sales | ||||||||||||||||||||||||
UOP | 614 | 745 | (18 | )% | 1,182 | 1,659 | (29 | )% | ||||||||||||||||
Process Solutions | 886 | 747 | 19 | % | 1,723 | 1,440 | 20 | % | ||||||||||||||||
Advanced Materials | 934 | 963 | (3 | )% | 1,810 | 1,759 | 3 | % | ||||||||||||||||
Total Performance Materials and Technologies Sales | 2,434 | 2,455 | 4,715 | 4,858 | ||||||||||||||||||||
Safety and Productivity Solutions Sales | ||||||||||||||||||||||||
Safety | 524 | 534 | (2 | )% | 1,032 | 1,042 | (1 | )% | ||||||||||||||||
Productivity Solutions | 578 | 679 | (15 | )% | 1,129 | 1,281 | (12 | )% | ||||||||||||||||
Total Safety and Productivity Solutions Sales | 1,102 | 1,213 | 2,161 | 2,323 | ||||||||||||||||||||
Net Sales | $ | 9,991 | $ | 9,775 | $ | 19,513 | $ | 18,988 |
6 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Home and Building Technologies
Three Months Ended | Six Months Ended | |||||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||||
2016 | 2015 | % Change | 2016 | 2015 | % Change | |||||||||||||||||||
Net sales | $ | 2,676 | $ | 2,280 | 17 | % | $ | 5,153 | $ | 4,373 | 18 | % | ||||||||||||
Cost of products and services sold | 1,785 | 1,498 | 3,442 | 2,845 | ||||||||||||||||||||
Selling, general and administrative expenses | 423 | 378 | 827 | 748 | ||||||||||||||||||||
Other | 56 | 48 | 112 | 100 | ||||||||||||||||||||
Segment profit | $ | 412 | $ | 356 | 16 | % | $ | 772 | $ | 680 | 14 | % |
2016 vs. 2015 | ||||||||||||||||
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 | 4 | % | 11 | % | 6 | % | 14 | % | ||||||||
Foreign exchange | (2 | )% | (2 | )% | (2 | )% | (2 | )% | ||||||||
Acquisitions and divestitures, net | 15 | % | 7 | % | 14 | % | 2 | % | ||||||||
Total % Change | 17 | % | 16 | % | 18 | % | 14 | % |
Performance Materials and Technologies
Three Months Ended | Six Months Ended | |||||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||||
2016 | 2015 | % Change | 2016 | 2015 | % Change | |||||||||||||||||||
Net sales | $ | 2,434 | $ | 2,455 | (1 | )% | $ | 4,715 | $ | 4,858 | (3 | )% | ||||||||||||
Cost of products and services sold | 1,613 | 1,672 | 3,141 | 3,292 | ||||||||||||||||||||
Selling, general and administrative expenses | 264 | 227 | 519 | 456 | ||||||||||||||||||||
Other | 37 | 32 | 74 | 67 | ||||||||||||||||||||
Segment profit | $ | 520 | $ | 524 | (1 | )% | $ | 981 | $ | 1,043 | (6 | )% |
7 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
2016 vs. 2015 | ||||||||||||||||
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 | )% | (6 | )% | (7 | )% | (10 | )% | ||||||||
Foreign exchange | (1 | )% | (1 | )% | (2 | )% | (2 | )% | ||||||||
Acquisitions and divestitures, net | 5 | % | 6 | % | 6 | % | 6 | % | ||||||||
Total % Change | (1 | )% | (1 | )% | (3 | )% | (6 | )% |
Safety and Productivity Solutions
Three Months Ended | Six Months Ended | |||||||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||||||
2016 | 2015 | % Change | 2016 | 2015 | % Change | |||||||||||||||||||
Net sales | $ | 1,102 | $ | 1,213 | (9 | %) | $ | 2,161 | $ | 2,323 | (7 | %) | ||||||||||||
Cost of products and services sold | 707 | 780 | 1,397 | 1,484 | ||||||||||||||||||||
Selling, general and administrative expenses | 197 | 212 | 393 | 422 | ||||||||||||||||||||
Other | 25 | 25 | 48 | 45 | ||||||||||||||||||||
Segment profit | $ | 173 | $ | 196 | (12 | %) | $ | 323 | $ | 372 | (13 | %) |
2016 vs. 2015 | ||||||||||||||||
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 | (8 | )% | (9 | )% | (6 | )% | (11 | )% | ||||||||
Foreign exchange | (1 | )% | (2 | )% | (2 | )% | (2 | )% | ||||||||
Acquisitions and divestitures, net | - | (1 | )% | 1 | % | - | ||||||||||
Total % Change | (9 | )% | (12 | )% | (7 | )% | (13 | )% |
8 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Segment Information for the three and nine months ended September 30, 2015
Three Months Ended | Nine Months Ended | |||||||
September 30, | September 30, | |||||||
2015 | 2015 | |||||||
Net Sales | ||||||||
Aerospace | $ | 3,820 | $ | 11,254 | ||||
Home and Building Technologies | 2,313 | 6,686 | ||||||
Performance Materials and Technologies | 2,279 | 7,137 | ||||||
Safety and Productivity Solutions | 1,199 | 3,522 | ||||||
Total | $ | 9,611 | $ | 28,599 | ||||
Segment Profit | ||||||||
Aerospace | $ | 833 | $ | 2,362 | ||||
Home and Building Technologies | 408 | 1,088 | ||||||
Performance Materials and Technologies | 474 | 1,517 | ||||||
Safety and Productivity Solutions | 193 | 565 | ||||||
Corporate | (56 | ) | (156 | ) | ||||
Total | $ | 1,852 | $ | 5,376 |
9 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Three Months Ended | Nine Months Ended | |||||||
September 30, | September 30, | |||||||
2015 | 2015 | |||||||
Aerospace Sales | ||||||||
Commercial Aviation Original Equipment | $ | 725 | $ | 2,149 | ||||
Commercial Aviation Aftermarket | 1,200 | 3,425 | ||||||
Defense and Space | 1,200 | 3,453 | ||||||
Transportation Systems | 695 | 2,227 | ||||||
Total Aerospace Sales | 3,820 | 11,254 | ||||||
Home and Building Technologies Sales | ||||||||
Home and Building Products | 1,189 | 3,422 | ||||||
Home and Building Distribution | 1,124 | 3,264 | ||||||
Total Home and Building Technologies Sales | 2,313 | 6,686 | ||||||
Performance Materials and Technologies Sales | ||||||||
UOP | 638 | 2,297 | ||||||
Process Solutions | 725 | 2,165 | ||||||
Advanced Materials | 916 | 2,675 | ||||||
Total Performance Materials and Technologies Sales | 2,279 | 7,137 | ||||||
Safety and Productivity Solutions Sales | ||||||||
Safety | 546 | 1,588 | ||||||
Productivity Solutions | 653 | 1,934 | ||||||
Total Safety and Productivity Solutions Sales | 1,199 | 3,522 | ||||||
Net Sales | $ | 9,611 | $ | 28,599 |
10 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Home and Building Technologies | ||||||||
Three Months Ended | Nine Months Ended | |||||||
September 30, | September 30, | |||||||
2015 | 2015 | |||||||
Net sales | $ | 2,313 | $ | 6,686 | ||||
Cost of products and services sold | 1,502 | 4,347 | ||||||
Selling, general and administrative expenses | 351 | 1,099 | ||||||
Other | 52 | 152 | ||||||
Segment profit | $ | 408 | $ | 1,088 | ||||
Performance Materials and Technologies | ||||||||
Three Months Ended | Nine Months Ended | |||||||
September 30, | September 30, | |||||||
2015 | 2015 | |||||||
Net sales | $ | 2,279 | $ | 7,137 | ||||
Cost of products and services sold | 1,547 | 4,839 | ||||||
Selling, general and administrative expenses | 226 | 682 | ||||||
Other | 32 | 99 | ||||||
Segment profit | $ | 474 | $ | 1,517 | ||||
Safety and Productivity Solutions | ||||||||
Three Months Ended | Nine Months Ended | |||||||
September 30, | September 30, | |||||||
2015 | 2015 | |||||||
Net sales | $ | 1,199 | $ | 3,522 | ||||
Cost of products and services sold | 774 | 2,258 | ||||||
Selling, general and administrative expenses | 210 | 632 | ||||||
Other | 22 | 67 | ||||||
Segment profit | $ | 193 | $ | 565 |
11 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Segment Information for the years ended December 31, 2015 and 2014
Years Ended December 31, | ||||||||
2015 | 2014 | |||||||
Net Sales | ||||||||
Aerospace | $ | 15,237 | $ | 15,598 | ||||
Home and Building Technologies | 9,161 | 9,485 | ||||||
Performance Materials and Technologies | 9,475 | 10,477 | ||||||
Safety and Productivity Solutions | 4,708 | 4,746 | ||||||
Total | $ | 38,581 | $ | 40,306 | ||||
Segment Profit | ||||||||
Aerospace | $ | 3,218 | $ | 2,915 | ||||
Home and Building Technologies | 1,512 | 1,455 | ||||||
Performance Materials and Technologies | 1,990 | 1,876 | ||||||
Safety and Productivity Solutions | 746 | 686 | ||||||
Corporate | (210 | ) | (236 | ) | ||||
Total | $ | 7,256 | $ | 6,696 |
12 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Years Ended December 31, | ||||||||||||
2015 | 2014 | % Change | ||||||||||
Aerospace Sales | ||||||||||||
Commercial Aviation Original Equipment | $ | 2,905 | $ | 2,607 | 11 | % | ||||||
Commercial Aviation Aftermarket | 4,656 | 4,578 | 2 | % | ||||||||
Defense and Space | 4,715 | 4,754 | (1 | )% | ||||||||
Transportation Systems | 2,961 | 3,659 | (19 | )% | ||||||||
Total Aerospace Sales | 15,237 | 15,598 | ||||||||||
Home and Building Technologies Sales | ||||||||||||
Home and Building Products | 4,711 | 4,868 | (3 | )% | ||||||||
Home and Building Distribution | 4,450 | 4,617 | (4 | )% | ||||||||
Total Home and Building Technologies Sales | 9,161 | 9,485 | ||||||||||
Performance Materials and Technologies Sales | ||||||||||||
UOP | 2,976 | 3,195 | (7 | )% | ||||||||
Process Solutions | 2,989 | 3,378 | (12 | )% | ||||||||
Advanced Materials | 3,510 | 3,904 | (10 | )% | ||||||||
Total Performance Materials and Technologies Sales | 9,475 | 10,477 | ||||||||||
Safety and Productivity Solutions Sales | ||||||||||||
Safety | 2,135 | 2,339 | (9 | )% | ||||||||
Productivity Solutions | 2,573 | 2,407 | 7 | % | ||||||||
Total Safety and Productivity Solutions Sales | 4,708 | 4,746 | ||||||||||
Net Sales | $ | 38,581 | $ | 40,306 |
13 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Home and Building Technologies | ||||||||||||
2015 | 2014 | % Change | ||||||||||
Net sales | $ | 9,161 | $ | 9,485 | (3 | )% | ||||||
Cost of products and services sold | 5,961 | 6,231 | ||||||||||
Selling, general and administrative expenses | 1,488 | 1,618 | ||||||||||
Other | 200 | 181 | ||||||||||
Segment profit | $ | 1,512 | $ | 1,455 | 4 | % |
2015 vs. 2014 | ||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit | ||||||
Organic growth/ Operational segment profit | 3 | % | 10 | % | ||||
Foreign exchange | (6 | )% | (6 | )% | ||||
Acquisitions and divestitures, net | - | - | ||||||
Total % Change | (3 | )% | 4 | % |
Performance Materials and Technologies | ||||||||||||
2015 | 2014 | % Change | ||||||||||
Net sales | $ | 9,475 | $ | 10,477 | (10 | )% | ||||||
Cost of products and services sold | 6,414 | 7,385 | ||||||||||
Selling, general and administrative expenses | 936 | 1,082 | ||||||||||
Other | 135 | 134 | ||||||||||
Segment profit | $ | 1,990 | $ | 1,876 | 6 | % |
2015 vs. 2014 | ||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit | ||||||
Organic growth/ Operational segment profit | (6 | )% | 10 | % | ||||
Foreign exchange | (4 | )% | (4 | )% | ||||
Acquisitions and divestitures, net | - | - | ||||||
Total % Change | (10 | )% | 6 | % |
14 |
Honeywell International Inc.
(Unaudited)
(Dollars in millions)
Safety and Productivity Solutions | ||||||||||||
2015 | 2014 | % Change | ||||||||||
Net sales | $ | 4,708 | $ | 4,746 | (1 | )% | ||||||
Cost of products and services sold | 3,020 | 3,052 | ||||||||||
Selling, general and administrative expenses | 851 | 933 | ||||||||||
Other | 91 | 75 | ||||||||||
Segment profit | $ | 746 | $ | 686 | 9 | % |
2015 vs. 2014 | ||||||||
Factors Contributing to Year-Over-Year Change | Sales | Segment Profit | ||||||
Organic growth/ Operational segment profit | 2 | % | 11 | % | ||||
Foreign exchange | (5 | )% | (4 | )% | ||||
Acquisitions and divestitures, net | 2 | % | 2 | % | ||||
Total % Change | (1 | )% | 9 | % |
15 |