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EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

Note 7. Earnings Per Share

 

       The details of the earnings per share calculations for the years ended December 31, 2012, 2011 and 2010 are as follows:

 

   Years Ended December 31, 
Basic  2012  2011  2010 
           
Income from continuing operations less net          
income attributable to the noncontrolling interest $2,926 $1,858 $1,944 
Income from discontinued operations   -   209   78 
Net income attributable to Honeywell $2,926 $2,067 $2,022 
           
Weighted average shares outstanding   782.4   780.8   773.5 
Earnings per share of common stock:          
Income from continuing operations $ 3.74 $ 2.38 $ 2.51 
Income from discontinued operations   -   0.27   0.10 
Net Income attributable to Honeywell $ 3.74 $ 2.65 $ 2.61 
           

  Years Ended December 31, 
Assuming Dilution  2012  2011  2010 
           
Income from continuing operations less net          
income attributable to the noncontrolling interest $ 2,926 $ 1,858 $ 1,944 
Income from discontinued operations  0  209  78 
Net income attributable to Honeywell $2,926 $2,067 $2,022 
           
           
Average Shares           
Weighted average shares outstanding   782.4   780.8   773.5 
Dilutive securities issuable - stock plans   9.5   10.8   7.4 
Total weighted average diluted shares outstanding   791.9   791.6   780.9 
           
Earnings per share of common stock -          
assuming dilution:          
Income from continuing operations $3.69 $2.35 $2.49 
Income from discontinuing operations  0.00  0.26  0.10 
Net income attributable to Honeywell $3.69 $2.61 $2.59 
           

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 2012, 2011, and 2010 the weighted number of stock options excluded from the computations were 12.5, 9.5, and 14.8 million, respectively. These stock options were outstanding at the end of each of the respective periods.