EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Note6. Earnings Per Share

       The details of the earnings per share calculations for the three months endedMarch 31, 2012 and 2011 are as follows:

		Three Months Ended
		March 31
Basic		2012		2011
Income from continuing operations less net
income attributable to the noncontrolling interest	$	823	$	687
Income from discontinued operations		-		18
Net income attributable to Honeywell		823		705
Weighted average shares outstanding		777.3		785.5
Earnings per share of common stock
Income from continuing operations		1.06		0.87
Income from discontinued operations		-		0.03
Net income attributable to Honeywell	$	1.06	$	0.90

		Three Months Ended
		March 31
Assuming Dilution		2012		2011
Income from continuing operations less net
income attributable to the noncontrolling interest	$	823	$	687
Income from discontinued operations		-		18
Net income attributable to Honeywell		823		705
Average Shares
Weighted average shares outstanding		777.3		785.5
Dilutive securities issuable - stock plans		10.8		12.2
Total weighted average shares outstanding		788.1		797.7
Earnings per share of common stock
Income from continuing operations		1.04		0.86
Income from discontinued operations		-		0.02
Net income attributable to Honeywell	$	1.04	$	0.88

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 endedMarch 31, 2012and 2011, the number of stock options excluded from the computations were 9.6and 7.1 million, respectively. These stock options were outstanding at the end of each of the respective periods.