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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 9,212 $ 8,951 $ 27,222 $ 26,280
Costs, expenses and other        
Costs of products and services sold 5,670 5,594 16,794 16,578
Research and development expenses 364 387 1,096 1,123
Selling, general and administrative expenses 1,252 1,228 3,831 3,965
Other (income) expense (247) (337) (715) (846)
Interest and other financial charges 206 98 563 270
Total costs, expenses and other 7,245 6,970 21,569 21,090
Income before taxes 1,967 1,981 5,653 5,190
Tax expense 452 432 1,229 1,244
Net income 1,515 1,549 4,424 3,946
Less: Net income (loss) attributable to noncontrolling interest 1 (3) 29 (1)
Net income attributable to Honeywell $ 1,514 $ 1,552 $ 4,395 $ 3,947
Earnings per share of common stock - basic (in dollars per share) $ 2.29 $ 2.30 $ 6.61 $ 5.81
Earnings per share of common stock - assuming dilution (in dollars per share) $ 2.27 $ 2.28 $ 6.56 $ 5.76
Product        
Net sales $ 6,294 $ 6,588 $ 19,045 $ 19,404
Costs, expenses and other        
Costs of products and services sold 4,090 4,286 12,291 12,674
Service        
Net sales 2,918 2,363 8,177 6,876
Costs, expenses and other        
Costs of products and services sold $ 1,580 $ 1,308 $ 4,503 $ 3,904