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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 8,864 $ 8,376
Costs, expenses and other    
Costs of products and services sold 5,498 5,324
Research and development expenses 357 350
Selling, general and administrative expenses 1,317 1,431
Other (income) expense (260) (319)
Interest and other financial charges 170 85
Total costs, expenses and other 7,082 6,871
Income before taxes 1,782 1,505
Tax expense 374 371
Net income 1,408 1,134
Less: Net income attributable to noncontrolling interest 14 0
Net income attributable to Honeywell $ 1,394 $ 1,134
Earnings per share of common stock - basic (in dollars per share) $ 2.09 $ 1.66
Earnings per share of common stock - assuming dilution (in dollars per share) $ 2.07 $ 1.64
Product    
Net sales $ 6,310 $ 6,132
Costs, expenses and other    
Costs of products and services sold 4,068 4,059
Service    
Net sales 2,554 2,244
Costs, expenses and other    
Costs of products and services sold $ 1,430 $ 1,265