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

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