Honeywell 2008 Annual Report Download - page 68

Item 8. Financial Statements and Supplementary Data
HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF OPERATIONS
Years Ended December 31,
2008 2007 2006
(Dollars in millions, except per share amounts)
Product sales $ 29,212 $ 27,805 $ 25,165
Service sales 7,344 6,784 6,202
Net sales 36,556 34,589 31,367
Costs, expenses and other
Cost of products sold 23,043 21,629 19,649
Cost of services sold 4,951 4,671 4,447
27,994 26,300 24,096
Selling, general and administrative expenses 5,033 4,565 4,210
Other (income)/expense (728) (53) (111)
Interest and other financial charges 456 456 374
32,755 31,268 28,569
Income from continuing operations before taxes 3,801 3,321 2,798
Tax expense 1,009 877 720
Income from continuing operations 2,792 2,444 2,078
Income from discontinued operations, net of taxes — — 5
Net income $ 2,792 $ 2,444 $ 2,083
Earnings (loss) per share of common stock—basic:
Income from continuing operations $ 3.79 $ 3.20 $ 2.53
Income from discontinued operations — — 0.01
Net income $ 3.79 $ 3.20 $ 2.54
Earnings (loss) per share of common stock—assuming dilution:
Income from continuing operations $ 3.76 $ 3.16 $ 2.51
Income from discontinued operations — — 0.01
Net income $ 3.76 $ 3.16 $ 2.52
The Notes to Financial Statements are an integral part of this statement.
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