Honeywell International (HON) 8-K Results of Operations and Financial Condition

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