EARNINGS PER SHARE

3 Months Ended

Jun. 30, 2023

The details of the earnings per share calculations for the three and six months ended June 30, 2023, and 2022, are as follows (shares in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
Basic	2023			2022			2023			2022
Net income attributable to Honeywell		$	1,487		$	1,261		$	2,881		$	2,395
Weighted average shares outstanding		665.3			679.0			666.5			681.8
Earnings per share of common stock—basic		$	2.24		$	1.86		$	4.32		$	3.51


	Three Months Ended June 30,						Six Months Ended June 30,
Assuming Dilution	2023			2022			2023			2022
Net income attributable to Honeywell		$	1,487		$	1,261		$	2,881		$	2,395
Average shares
Weighted average shares outstanding		665.3			679.0			666.5			681.8
Dilutive securities issuable—stock plans		4.9			6.0			5.4			6.3
Total weighted average diluted shares outstanding		670.2			685.0			671.9			688.1
Earnings per share of common stock—assuming dilution		$	2.22		$	1.84		$	4.29		$	3.48

The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. For the three and six months ended June 30, 2023, the weighted average number of stock options excluded from the computations were 4.7 million and 4.3 million, respectively. For the three and six months ended June 30, 2022, the weighted average number of stock options excluded from the computations were 5.6 million and 3.4 million, respectively.

As of June 30, 2023, and 2022, the total shares outstanding were 664.0 million and 673.7 million, respectively, and as of June 30, 2023, and 2022, total shares issued were 957.6 million.