HONEYWELL INTERNATIONAL INC - 10-Q filing on 2016-10-21

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2016

Note 5. Earnings Per Share

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Basic		2016		2015		2016		2015

Net income attributable to Honeywell	$	1,240	$	1,264	$	3,775	$	3,574

Weighted average shares outstanding		763.7		780.4		765.0		782.5

Earnings per share of common stock	$	1.62	$	1.62	$	4.93	$	4.57

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Assuming Dilution		2016		2015		2016		2015

Net income attributable to Honeywell	$	1,240	$	1,264	$	3,775	$	3,574

Average Shares
Weighted average shares outstanding		763.7		780.4		765.0		782.5
Dilutive securities issuable - stock plans		10.7		9.1		11.3		9.6
Total weighted average shares outstanding		774.4		789.5		776.3		792.1

Earnings per share of common stock	$	1.60	$	1.60	$	4.86	$	4.51

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. For the three and nine months ended September 30, 2016, the weighted average number of stock options excluded from the computations were 5.5 million and 6.9 million. For the three and nine months ended September 30, 2015, the weighted average number of stock options excluded from the computations were 7.0 million and 7.3 million. These stock options were outstanding at the end of each period.