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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

Note 6. Earnings Per Share

 

       The details of the earnings per share calculations for the three and nine months ended September 30, 2012 and 2011 are as follows:

 

   Three Months Ended  Nine Months Ended
   September 30  September 30
Basic  2012  2011  2012  2011
             
Income from continuing operations less net            
income attributable to the noncontrolling interest $ 950 $ 685 $ 2,675 $ 2,168
Income from discontinued operations   -   177   -   209
Net income attributable to Honeywell   950   862   2,675   2,377
             
Weighted average shares outstanding   783.6   778.2   780.7   782.9
             
Earnings per share of common stock            
Income from continuing operations   1.21   0.88   3.43   2.77
Income from discontinued operations   -   0.23   -   0.27
Net income attributable to Honeywell $ 1.21 $ 1.11 $ 3.43 $ 3.04

             
   Three Months Ended  Nine Months Ended
   September 30  September 30
Assuming Dilution  2012  2011  2012  2011
             
Income from continuing operations less net            
income attributable to the noncontrolling interest $ 950 $ 685 $ 2,675 $ 2,168
Income from discontinued operations   -   177   -   209
Net income attributable to Honeywell   950   862   2,675   2,377
             
Average Shares             
Weighted average shares outstanding   783.6   778.2   780.7   782.9
Dilutive securities issuable - stock plans   8.9   8.7   9.7   11.1
Total weighted average shares outstanding   792.5   786.9   790.4   794.0
             
Earnings per share of common stock            
Income from continuing operations   1.20   0.87   3.38   2.73
Income from discontinued operations   -   0.23   -   0.26
Net income attributable to Honeywell $ 1.20 $ 1.10 $ 3.38 $ 2.99
             

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 and nine months ended September 30, 2012, the weighted average number of stock options excluded from the computations were 16.6 and 14.3 million, respectively. For the three and nine months ended September 30, 2011, the weighted average number of stock options excluded from the computations were 11.6 and 8.9 million, respectively. These stock options were outstanding at the end of each of the respective periods.