Honeywell 2006 Annual Report Download - page 130
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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 26—Unaudited Quarterly Financial Information
2006 2005
Mar. 31 June 30 Sept. 30 Dec. 31 Year Mar. 31 June 30 Sept. 30 Dec. 31 Year
Net sales $ 7,241 $ 7,898 $ 7,952 $ 8,276 $ 31,367 $ 6,449 $ 7,028 $ 6,900 $ 7,275 $ 27,652
Gross profit 1,641 1,871 1,841 1,918 7,271 1,367 1,525 1,598 1,638 6,128
Income from continuing operations 431 521 541 585 2,078 358 274 427 505 1,564
Income from discontinued operations 5 — — — 5 — 28 37 30 95
Cumulative effect of accounting change(1) — — — — — — — — (21) (21)
Net income 436 521 541 585 2,083 358 302 464 514 1,638
Earnings per share—basic:
Income from continuing operations .51 .63 .66 .72 2.53 .42 .33 .50 .60 1.85
Income from discontinued operations .01 — — — .01 — .03 .04 .04 .11
Cumulative effect of accounting change — — — — — — — — (.03) (.03)
Net income .52 .63 .66 .72 2.54 .42 .36 .54 .61 1.93
Earnings per share—assuming dilution:
Income from continuing operations .51 .63 .66 .72 2.51 .42 .33 .50 .60 1.84
Income from discontinued operations .01 — — — .01 — .03 .04 .04 .11
Cumulative effect of accounting change — — — — — — — — (.03) (.03)
Net income .52 .63 .66 .72 2.52 .42 .36 .54 .61 1.92
Dividends paid .226875 .226875 .226875 .226875 .9075 .20625 .20625 .20625 .20625 .8250
Market price(2)
High 42.85 44.16 41.37 45.46 45.46 39.30 38.12 39.29 37.96 39.30
Low 35.84 37.62 36.21 41.35 35.84 34.00 35.17 35.41 33.21 33.21
(1) Represents the net of tax effect of adopting FIN 47 as of December 31, 2005.
(2) From composite tape-stock is primarily traded on the New York Stock Exchange.
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