Honeywell 2015 Annual Report Download - page 82

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
Note 22. Geographic Areas—Financial Data
78
Years Ended December 31,
2015
2014
2013
Segment Profit
$
7,256
$
6,696
$
6,351
Other income (expense)(1)
38
269
202
Interest and other financial charges
(310
)
(318
)
(327
)
Stock compensation expense(2)
(175
)
(187
)
(170
)
Pension ongoing income (expense)(2)
430
254
90
Pension mark-to-market expense(2)
(67
)
(249
)
(51
)
Other postretirement income (expense)(2)
(40
)
(49
)
(20
)
Repositioning and other charges(2)
(546
)
(598
)
(663
)
Income from continuing operations before taxes
$
6,586
$
5,818
$
5,412
(1)
Equity income (loss) of affiliated companies is included in Segment Profit.
(2)
Amounts included in cost of products and services sold and selling, general and administrative expenses.
Net Sales(1)
Long
-lived Assets(2)
Years Ended December 31,
December 31,
2015
2014
2013
2015
2014
2013
United States
$
23,771
$
23,911
$
22,978
$
3,939
$
3,612
$
3,393
Europe
8,674
9,870
9,804
746
741
905
Other International
6,136
6,525
6,273
1,104
1,030
980
$
38,581
$
40,306
$
39,055
$
5,789
$
5,383
$
5,278
(1)
Sales between geographic areas approximate market and are not significant. Net sales are classified according to their
country of origin. Included in United States net sales are export sales of $5,526 million, $5,647 million and $5,431
million in 2015, 2014 and 2013.
(2)
Long-lived assets are comprised of property, plant and equipment—net.