HONEYWELL INTERNATIONAL INC | 2013 | FY | 3


Note 7. Earnings Per Share

 

       The details of the earnings per share calculations for the years ended December 31, 2013, 2012 and 2011 are as follows:

 

   Years Ended December 31, 
Basic  2013  2012  2011 
           
Income from continuing operations less net          
income attributable to the noncontrolling interest $ 3,924 $ 2,926 $ 1,858 
Income from discontinued operations   -   -   209 
Net income attributable to Honeywell $ 3,924 $ 2,926 $ 2,067 
           
Weighted average shares outstanding   786.4   782.4   780.8 
Earnings per share of common stock:          
Income from continuing operations $ 4.99 $ 3.74 $ 2.38 
Income from discontinued operations   -   -   0.27 
Net Income attributable to Honeywell $ 4.99 $ 3.74 $ 2.65 
           

  Years Ended December 31, 
Assuming Dilution  2013  2012  2011 
           
Income from continuing operations less net          
income attributable to the noncontrolling interest $ 3,924 $ 2,926 $ 1,858 
Income from discontinued operations   -   -  209 
Net income attributable to Honeywell $3,924 $2,926 $2,067 
           
           
Average Shares           
Weighted average shares outstanding   786.4   782.4   780.8 
Dilutive securities issuable - stock plans   10.9   9.5   10.8 
Total weighted average diluted shares outstanding   797.3   791.9   791.6 
           
Earnings per share of common stock -          
assuming dilution:          
Income from continuing operations $4.92 $3.69 $2.35 
Income from discontinuing operations   -   -  0.26 
Net income attributable to Honeywell $4.92 $3.69 $2.61 
           

The diluted earnings per share calculations exclude the effect of stock options when the options' assumed proceeds exceed the average market price of the common shares during the period. In 2013, 2012, and 2011 the weighted number of stock options excluded from the computations were 2.2 million, 12.5 million, and 9.5 million, respectively. These stock options were outstanding at the end of each of the respective periods.


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