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EX-99.2 - HONEYWELL INTERNATIONAL INCc86220_ex99-2.htm
8-K - HONEYWELL INTERNATIONAL INCc86220_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