Honeywell 2003 Annual Report Download - page 386

Earnings (loss) per share of common stock
Income (loss) before cumulative effect
of accounting change .................. $ (0.12) $ (0.12)
Cumulative effect of accounting change ... -- --
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Net income (loss) ........................ $ (0.12) $ (0.12)
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In 2003, the diluted earnings per share calculation excludes the effect of stock
options when the options' exercise prices exceed the average market price of the
common shares during the period. In 2003, the number of stock options not
included in the computation was 41,908,964. These stock options were outstanding
at the end of 2003. As a result of the net loss for 2002 and 2001, 2,527,229 and
4,269,601, respectively, of dilutive securities issuable in connection with
stock plans have been excluded from the diluted loss per share calculations
because their effect would reduce the loss per share.
NOTE 9--ACCOUNTS, NOTES AND OTHER RECEIVABLES
December 31,
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(Dollars in Millions) 2003 2002
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Trade ....................................................... $3,230 $3,064
Other ....................................................... 563 347
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3,793 3,411
Less--Allowance for doubtful accounts ....................... (150) (147)
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$3,643 $3,264
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We sell interests in designated pools of trade accounts receivables to third
parties. The sold receivables are over-
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