EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Note7. Earnings Per Share

       The details of the earnings per share calculations for the years endedDecember 31, 2011,2010and 2009are as follows:

		Years Ended December 31,
Basic		2011		2010		2009
Income from continuing operations less net
income attributable to the non controlling interest	$	1,858	$	1,944	$	1,492
Income from discontinued operations		209		78		56
Net income attributable to Honeywell	$	2,067	$	2,022	$	1,548
Weighted average shares outstanding		780.8		773.5		752.6
Earnings per share of common stock:
Income from continuing operations	$	2.38	$	2.51	$	1.99
Income from discontinued operations		0.27		0.10		0.07
Net Income attributable to Honeywell	$	2.65	$	2.61	$	2.06

	Years Ended December 31,
Assuming Dilution		2011		2010		2009
Income from continuing operations less net
income attributable to the noncontrolling interest	$	1,858	$	1,944	$	1,492
Income from discontinued operations		209		78		56
Net income attributable to Honeywell	$	2,067	$	2,022	$	1,548
Average Shares
Weighted average shares outstanding		780.8		773.5		752.6
Dilutive securities issuable - stock plans		10.8		7.4		3.1
Total weighted average diluted shares outstanding		791.6		780.9		755.7
Earnings per share of common stock -
assuming dilution:
Income from continuing operations	$	2.35	$	2.49	$	1.98
Income from discontinuing operations		0.26		0.10		0.07
Net income attributable to Honeywell	$	2.61	$	2.59	$	2.05

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 2011, 2010, and 2009the weighted number of stock options excluded from the computations were 9.5, 14.8, and 34.0 million, respectively. These stock options were outstanding at the end of each of the respective periods.