Honeywell 2006 Annual Report Download - page 29

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Performance Graph
The following graph compares the five-year cumulative total return on our Common Stock to the total returns on the Standard &
Poor's 500 Stock Index and a composite of Standard & Poor's Aerospace and Defense and Industrial Conglomerates indices, on an
equally weighted basis (the “Composite Index”). The selection and weighting of the Aerospace and Defense component of the
Composite Index was deemed appropriate in light of the fact that Honeywell's Aerospace segment has accounted for, on average,
approximately 50% of our aggregate segment profits over the past three completed fiscal years. The selection and weighting of the
Industrial Conglomerates component of the Composite Index reflects the diverse and distinct range of non-aerospace businesses
conducted by Honeywell and their contribution to our overall segment profits. The annual changes for the five-year period shown in
the graph are based on the assumption that $100 had been invested in Honeywell stock and each index on December 31, 2001 and that
all dividends were reinvested.
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