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Where Honeywell makes its money

The industrial giant is organized into four main businesses.

Automation and controls
2011 sales: $15.5 billion

Honeywell's largest division sells thermostats, protective clothing, and portable gas-detection devices (pictured above) for refineries and chemical plants.

Honeywell's 2011 revenue also includes $530 million from discontinued operations.
By Shawn Tully, senior editor-at-large @FortuneMagazine - Last updated May 14 2012: 5:51 AM ET
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