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CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 9,146 $ 8,953 $ 18,010 $ 17,329
Costs, expenses and other        
Costs of products and services sold 5,626 5,660 11,124 10,984
Research and development expenses 375 386 732 736
Selling, general and administrative expenses 1,262 1,306 2,579 2,737
Other (income) expense (208) (190) (468) (509)
Interest and other financial charges 187 87 357 172
Total costs, expenses and other 7,242 7,249 14,324 14,120
Income before taxes 1,904 1,704 3,686 3,209
Tax expense 403 441 777 812
Net income 1,501 1,263 2,909 2,397
Less: Net income attributable to noncontrolling interest 14 2 28 2
Net income attributable to Honeywell $ 1,487 $ 1,261 $ 2,881 $ 2,395
Earnings per share of common stock - basic (in dollars per share) $ 2.24 $ 1.86 $ 4.32 $ 3.51
Earnings per share of common stock - assuming dilution (in dollars per share) $ 2.22 $ 1.84 $ 4.29 $ 3.48
Product        
Net sales $ 6,441 $ 6,684 $ 12,751 $ 12,816
Costs, expenses and other        
Costs of products and services sold 4,133 4,329 8,201 8,388
Service        
Net sales 2,705 2,269 5,259 4,513
Costs, expenses and other        
Costs of products and services sold $ 1,493 $ 1,331 $ 2,923 $ 2,596