Honeywell 2013 Annual Report Download - page 129

Employee Savings Plans
We sponsor employee savings plans under which we match, in the form of our common stock,
savings plan contributions for certain eligible employees. Shares issued under the stock match plans
were 2.0, 2.4, and 2.6 million at a cost of $159, $144 and $138 million in 2013, 2012, and 2011,
respectively.
Note 24. Segment Financial Data
We globally manage our business operations through four reportable operating segments serving
customers worldwide with aerospace products and services, control, sensing and security technologies
for buildings, homes and industry, automotive products and chemicals. Segment information is
consistent with how management reviews the businesses, makes investing and resource allocation
decisions and assesses operating performance. Our four reportable segments are as follows:
•Aerospace includes Air Transport and Regional, Business and General Aviation and Defense
and Space and provides products and services which include auxiliary power units; propulsion
engines; environmental control systems; electric power systems, engine controls; repair and
overhaul services; flight safety, communications, navigation, radar and surveillance systems;
aircraft lighting; management and technical services; logistic services; advanced systems and
instruments; and aircraft wheels and brakes.
•Automation and Control Solutions includes Energy, Safety & Security (controls for heating,
cooling, indoor air quality, ventilation, humidification, lighting and home automation; advanced
software applications for home/building control and optimization; sensors, switches, control
systems and instruments for measuring pressure, air flow, temperature and electrical current;
security, fire and gas detection and monitoring; radiation detection; personal protection
equipment; access control; video surveillance equipment; remote patient monitoring systems;
automatic identification and data collection; and voice solutions); Process Solutions (provides a
full range of automation and control solutions for industrial plants, offering advanced software
and automation systems that integrate, control and monitor complex processes in many types of
industrial settings as well as equipment that controls, measures and analyzes natural gas
production and transportation); and Building Solutions & Distribution (installs, distributes,
maintains and upgrades systems that keep buildings safe, comfortable and productive).
•Performance Materials and Technologies includes Advanced Materials (fluorocarbons, hydro-
fluoroolefins, caprolactam, resins, ammonium sulfate for fertilizer, specialty films, waxes,
additives, advanced fibers, customized research chemicals and intermediates, and electronic
materials and chemicals) and UOP (process technology, products, including catalysts and
absorbents, and services for the petroleum refining, gas processing, petrochemical, renewable
energy and other industries).
•Transportation Systems includes turbochargers, thermal systems, brake hard parts and other
friction materials.
The accounting policies of the segments are the same as those described in Note 1. Honeywell’s
senior management evaluates segment performance based on segment profit. Segment profit is
measured as business unit income (loss) before taxes excluding general corporate unallocated
expense, other income (expense), interest and other financial charges, pension and other
postretirement benefits (expense), stock compensation expense, repositioning and other charges
and accounting changes.
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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)