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8-K - HONEYWELL INTERNATIONAL INCc89878_8k.htm

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Exhibit 99.1

 

Segment Information for three months ended March 31, 2017 and 2016

 

   Three Months Ended
March 31,
   2017  2016
Net Sales          
Aerospace  $3,546   $3,705 
Home and Building Technologies   2,269    2,175 
Performance Materials and Technologies   2,353    2,583 
Safety and Productivity Solutions   1,324    1,059 
Total  $9,492   $9,522 
           
Segment Profit          
Aerospace  $796   $798 
Home and Building Technologies   377    356 
Performance Materials and Technologies   483    465 
Safety and Productivity Solutions   194    150 
Corporate   (61)   (49)
Total  $1,789   $1,720 
 

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

   Three Months Ended
March 31,
   2017  2016  %
Change
             
Aerospace Sales               
Commercial Aviation Original Equipment  $611   $701    (13)%
Commercial Aviation Aftermarket   1,201    1,148    5%
Defense and Space   950    1,069    (11)%
Transportation Systems   784    787    - 
Total Aerospace Sales   3,546    3,705      
                
Home and Building Technologies Sales               
Home and Building Products   1,157    1,096    6%
Home and Building Distribution   1,112    1,079    3%
Total Home and Building Technologies Sales   2,269    2,175      
                
Performance Materials and Technologies Sales               
UOP   577    568    2%
Process Solutions   1,109    1,139    (3)%
Advanced Materials   667    876    (24)%
Total Performance Materials and Technologies Sales   2,353    2,583      
                
Safety and Productivity Solutions Sales               
Safety   521    508    3%
Productivity Solutions   803    551    46%
Total Safety and Productivity Solutions Sales   1,324    1,059      
                
Net Sales  $9,492   $9,522      

2

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Home and Building Technologies

 

   Three Months Ended
   March 31,
   2017  2016  % Change
Net sales  $2,269   $2,175    4%
Cost of products and services sold   1,480    1,404      
Selling, general and administrative and other expenses   412    415      
Segment profit  $377   $356    6%
                
           2017 vs. 2016
           Three Months Ended
           March 31,
Factors Contributing to Year-Over-Year Change          Sales  Segment
Profit
Organic growth/ Operational segment profit           4%   7%
Foreign currency translation           (2)%   (2)%
Acquisitions, divestitures and other, net           2%   1%
Total % Change           4%   6%

 

Performance Materials and Technologies

 

   Three Months Ended
March 31,
   2017  2016  % Change
Net sales  $2,353   $2,583    (9)%
Cost of products and services sold   1,547    1,781      
Selling, general and administrative and other expenses   323    337      
Segment profit  $483   $465    4%
                
           2017 vs. 2016
           Three Months Ended
           March 31,
Factors Contributing to Year-Over-Year Change          Sales  Segment
Profit
Organic growth/ Operational segment profit           4%   17%
Foreign currency translation           (1)%   (2)%
Acquisitions, divestitures and other, net           (12)%   (11)%
Total % Change           (9)%   4%
3

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Segment Information for the three and six months ended June 30, 2017 and 2016

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2017   2016   2017   2016 
Net Sales                    
Aerospace  $3,674   $3,779   $7,220   $7,484 
Home and Building Technologies   2,414    2,402    4,683    4,577 
Performance Materials and Technologies   2,561    2,708    4,914    5,291 
Safety and Productivity Solutions   1,429    1,102    2,753    2,161 
Total  $10,078   $9,991   $19,570   $19,513 
                     
Segment Profit                    
Aerospace  $819   $791   $1,615   $1,589 
Home and Building Technologies   391    389    768    745 
Performance Materials and Technologies   553    543    1,036    1,008 
Safety and Productivity Solutions   214    173    408    323 
Corporate   (67)   (49)   (128)   (98)
Total  $1,910   $1,847   $3,699   $3,567 
4

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

   Three Months Ended  Six Months Ended
   June 30,  June 30,
           %          %
   2017  2016  Change  2017  2016  Change
                               
Aerospace Sales                              
Commercial Aviation Original Equipment  $641   $676    (5)%  $1,252   $1,377    (9)%
Commercial Aviation Aftermarket   1,262    1,207    5%   2,463    2,355    5%
Defense and Space   983    1,096    (10)%   1,933    2,165    (11)%
Transportation Systems   788    800    (2)%   1,572    1,587    (1)%
Total Aerospace Sales   3,674    3,779         7,220    7,484      
                               
Home and Building Technologies Sales                              
Home and Building Products   1,205    1,225    (2)%   2,362    2,321    2%
Home and Building Distribution   1,209    1,177    3%   2,321    2,256    3%
Total Home and Building Technologies Sales   2,414    2,402         4,683    4,577      
                               
Performance Materials and Technologies Sales                              
UOP   641    614    4%   1,218    1,182    3%
Process Solutions   1,189    1,160    3%   2,298    2,299    - 
Advanced Materials   731    934    (22)%   1,398    1,810    (23)%
Total Performance Materials and Technologies Sales   2,561    2,708         4,914    5,291      
                               
Safety and Productivity Solutions Sales                              
Safety   529    524    1%   1,050    1,032    2%
Productivity Solutions   900    578    56%   1,703    1,129    51%
Total Safety and Productivity Solutions Sales   1,429    1,102         2,753    2,161      
                               
Net Sales  $10,078   $9,991        $19,570   $19,513      

5

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Home and Building Technologies

 

   Three Months Ended
June 30,
  Six Months Ended
June 30,
   2017  2016  %
Change
  2017  2016  %
Change
Net sales  $2,414   $2,402     -  $4,683   $4,577    2%
Cost of products and services sold   1,598    1,575         3,078    2,979      
Selling, general and administrative and other expenses   425    438         837    853      
Segment profit  $391   $389    1%  $768   $745    3%

 

   2017 vs. 2016
   Three Months Ended
June 30,
  Six Months Ended
June 30,
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
  Sales  Segment
Profit
Organic growth/ Operational segment profit   2   2%   3   4%
Foreign currency translation   (2)%   (1)%   (2)%   (2)%
Acquisitions, divestitures and other, net    -    -   1%   1%
Total % Change     -   1%   2%   3%

 

Performance Materials and Technologies

 

   Three Months Ended
June 30,
  Six Months Ended
June 30,
   2017  2016  %
Change
  2017  2016  %
Change
Net sales  $2,561   $2,708    (5)%  $4,914   $5,291    (7)%
Cost of products and  services sold   1,678    1,823         3,225    3,604      
Selling, general and administrative and other expenses   330    342         653    679      
Segment profit  $553   $543    2%  $1,036   $1,008    3%

 

   2017 vs. 2016
   Three Months Ended
June 30,
  Six Months Ended
June 30,
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
  Sales  Segment
Profit
Organic growth/ Operational segment profit   8   11%   6   13%
Foreign currency translation   (1)%   (1)%   (1)%   (1)%
Acquisitions, divestitures and other, net   (12)%   (8)%   (12)%   (9)%
Total % Change   (5)%   2%   (7)%   3%
6

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Segment Information for the three and nine months ended September 30, 2017 and 2016

 

   Three Months Ended
September 30,
  Nine Months Ended
September 30,
   2017  2016  2017  2016
Net Sales                    
Aerospace  $3,657   $3,601   $10,877   $11,085 
Home and Building Technologies   2,479    2,425    7,162    7,002 
Performance Materials and Technologies   2,571    2,605    7,485    7,896 
Safety and Productivity Solutions   1,414    1,173    4,167    3,334 
Total  $10,121   $9,804   $29,691   $29,317 
                     
Segment Profit                    
Aerospace  $780   $663   $2,395   $2,252 
Home and Building Technologies   421    427    1,189    1,172 
Performance Materials and Technologies   563    517    1,599    1,525 
Safety and Productivity Solutions   213    172    621    495 
Corporate   (82)   (59)   (210)   (157)
Total  $1,895   $1,720   $5,594   $5,287 
7

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

   Three Months Ended
September 30,
  Nine Months Ended
September 30,
           %          %
   2017  2016  Change  2017  2016  Change
Aerospace Sales                      
Commercial Aviation Original Equipment  $593   $538   10%  $1,845   $1,915   (4)%
Commercial Aviation Aftermarket   1,312    1,215   8%   3,775    3,570   6%
Defense and Space   992    1,125   (12)%   2,925    3,290   (11)%
Transportation Systems   760    723   5%   2,332    2,310   1%
Total Aerospace Sales   3,657    3,601       10,877    11,085    
                           
Home and Building Technologies Sales                          
Home and Building Products   1,243    1,223   2%   3,605    3,544   2%
Home and Building Distribution   1,236    1,202   3%   3,557    3,458   3%
Total Home and Building Technologies Sales   2,479    2,425       7,162    7,002    
                           
Performance Materials and Technologies Sales                          
UOP   706    564   25%   1,924    1,746   10%
Process Solutions   1,206    1,123   7%   3,504    3,422   2%
Advanced Materials   659    918   (28)%   2,057    2,728   (25)%
Total Performance Materials and Technologies Sales   2,571    2,605       7,485    7,896    
                           
Safety and Productivity Solutions Sales                          
Safety   537    526   2%   1,587    1,558   2%
Productivity Solutions   877    647   36%   2,580    1,776   45%
Total Safety and Productivity Solutions Sales   1,414    1,173       4,167    3,334    
                           
Net Sales  $10,121   $9,804      $29,691   $29,317    
8

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Home and Building Technologies

 

   Three Months Ended  Nine Months Ended
   September 30,  September 30,
   2017  2016  %
Change
  2017  2016  %
Change
Net sales  $2,479   $2,425    2%  $7,162   $7,002    2%
Cost of products and  services sold   1,636    1,561         4,714    4,540      
Selling, general and administrative and other expenses   422    437         1,259    1,290      
Segment profit  $421   $427    (1)%  $1,189   $1,172    1%

 

   2017 vs. 2016
   Three Months Ended
September 30,
  Nine Months Ended
September 30,
                 
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
  Sales  Segment
Profit
                     
Organic growth/ Operational segment profit   1%   (3)%   2%   1%
Foreign currency translation   1%   2%   (1)%    -
Acquisitions, divestitures and other, net    -    -   1%    -
                     
Total % Change    2%   (1)%   2%   1%

 

Performance Materials and Technologies

 

   Three Months Ended
September 30,
  Nine Months Ended
September 30,
   2017 2016  %
Change
  2017  2016  %
Change
Net sales  $2,571   $2,605    (1)%  $7,485   $7,896    (5)%
Cost of products and services sold   1,651    1,764         4,876    5,368      
Selling, general and administrative and other expenses   357    324         1,010    1,003      
Segment profit   $563   $517    9%  $1,599   $1,525    5%

 

   2017 vs. 2016
   Three Months Ended
September 30,
  Nine Months Ended
September 30,
                 
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
  Sales  Segment
Profit
                     
Organic growth/ Operational segment profit   10%   15%   7%   14%
Foreign currency translation   1%   1%   -    -
Acquisitions, divestitures and other, net   (12)%   (7)%   (12)%   (9)%
                     
Total % Change    (1)%   9%   (5)%   5%
9

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Segment Information for the years ended December 31, 2016 and 2015

 

   Years Ended December 31,
   2016  2015
Net Sales          
Aerospace  $14,751   $15,237 
Home and Building Technologies   9,490    9,026 
Performance Materials and Technologies   10,436    9,610 
Safety and Productivity Solutions   4,625    4,708 
Total  $39,302   $38,581 
           
Segment Profit          
Aerospace  $2,991   $3,218 
Home and Building Technologies   1,621    1,492 
Performance Materials and Technologies   2,112    2,010 
Safety and Productivity Solutions   680    746 
Corporate   (218)   (210)
Total  $7,186   $7,256 
10

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

   Years Ended December 31,
   2016  2015  % Change
Aerospace Sales             
Commercial Aviation Original Equipment  $2,525   $2,905   (13)%
Commercial Aviation Aftermarket   4,796    4,656   3%
Defense and Space   4,375    4,715   (7)%
Transportation Systems   3,055    2,961   3%
Total Aerospace Sales   14,751    15,237    
              
Home and Building Technologies Sales             
Home and Building Products   4,803    4,576   5%
Home and Building Distribution   4,687    4,450   5%
Total Home and Building Technologies Sales   9,490    9,026    
              
Performance Materials and Technologies Sales             
UOP   2,469    2,976   (17)%
Process Solutions   4,640    3,124   49%
Advanced Materials   3,327    3,510   (5)%
Total Performance Materials and Technologies Sales   10,436    9,610    
              
Safety and Productivity Solutions Sales             
Safety   2,075    2,135   (3)%
Productivity Solutions   2,550    2,573   (1)%
Total Safety and Productivity Solutions Sales   4,625    4,708    
              
Net Sales  $39,302   $38,581    
11

Honeywell International Inc.

(Unaudited)

(Dollars in millions)

 

Home and Building Technologies

 

   Years Ended December 31,
   2016  2015  % Change
Net sales  $9,490   $9,026    5%
Cost of products and  services sold   6,152    5,859      
Selling, general and administrative and other expenses   1,717    1,675      
Segment profit  $1,621   $1,492    9%

 

   Years Ended December 31,
   2016 vs. 2015
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
Organic growth/ Operational segment profit   5%   8%
Foreign currency translation   (2)%   (2)%
Acquisitions, divestitures and other, net   2%   3%
Total % Change    5%   9%

 

Performance Materials and Technologies

 

   Years Ended December 31,
   2016  2015  % Change
Net sales  $10,436   $9,610    9%
Cost of products and  services sold   6,978    6,516      
Selling, general and administrative and other expenses   1,346    1,084      
Segment profit  $2,112   $2,010    5%

 

   Years Ended December 31,
   2016 vs. 2015
Factors Contributing to Year-Over-Year Change  Sales  Segment
Profit
Organic growth/ Operational segment profit   (3)%   2%
Foreign currency translation   (1)%   (2)%
Acquisitions, divestitures and other, net   13%   5%
Total % Change   9%   5%
12