HONEYWELL INTERNATIONAL INC - 10-Q filing on 2017-04-21

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

Note 4. Earnings Per Share

		Three Months Ended
		March 31,
Basic		2017		2016

Net income attributable to Honeywell	$	1,326	$	1,216

Weighted average shares outstanding		763.1		767.9

Earnings per share of common stock	$	1.74	$	1.58


		Three Months Ended
		March 31,
Assuming Dilution		2017		2016

Net income attributable to Honeywell	$	1,326	$	1,216

Average Shares
Weighted average shares outstanding		763.1		767.9
Dilutive securities issuable - stock plans		10.8		11.7
Total weighted average shares outstanding		773.9		779.6

Earnings per share of common stock	$	1.71	$	1.56

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 months ended March 31, 2017 and 2016, the weighted average number of stock options excluded from the computations was 2.1 million and 8.4 million. These stock options were outstanding at the end of each of the respective periods.