2016 U.S.-Booked Air Volume: $67 million
Honeywell's 2016 U.S.-booked air volume decreased 6 percent
in 2016, according to a BTN estimate. Selling, general and administrative
expenses increased from $5 billion to $5.5 billion, owing primarily to labor
costs from acquisitions, pension expenses and repositioning charges, according
to Honeywell's annual report. COO Darius Adamczyk succeeded Dave Cote as CEO in
April. Honeywell spun off of its resins and chemicals business and sold
Honeywell Technologies Solutions, its aerospace government services business.
The company spent $2.5 billion in acquisitions, including Xtralis International
Holdings, which makes smoke, fire, gas and security threat-detection
technologies; Com Dev International, which manufactures hardware for use in
space; an outstanding stake in UOP Russell, which makes modular gas processing
equipment; and Elster, which makes gas heating, controls and metering
technology. At the end of 2016, Honeywell employed 131,000, up from 129,000 the
previous year. About 45,000 were in the U.S.