Honeywell 2013 Annual Report Download - page 94

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Note 7. Earnings Per Share
The details of the earnings per share calculations for the years ended December 31, 2013, 2012
and 2011 are as follows:
Basic 2013 2012 2011
Years Ended December 31,
Income from continuing operations less net income attributable to the
noncontrolling interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,924 $2,926 $1,858
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 209
Net income attributable to Honeywell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,924 $2,926 $2,067
Weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 786.4 782.4 780.8
Earnings per share of common stock:
Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.99 $ 3.74 $ 2.38
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 0.27
Net Income attributable to Honeywell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.99 $ 3.74 $ 2.65
Assuming Dilution 2013 2012 2011
Years Ended December 31,
Income from continuing operations less net income attributable to the
noncontrolling interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,924 $2,926 $1,858
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 209
Net income attributable to Honeywell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,924 $2,926 $2,067
Average Shares
Weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 786.4 782.4 780.8
Dilutive securities issuable—stock plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.9 9.5 10.8
Total weighted average diluted shares outstanding . . . . . . . . . . . . . . . . . . . . . 797.3 791.9 791.6
Earnings per share of common stock—assuming dilution:
Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.92 $ 3.69 $ 2.35
Income from discontinuing operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 0.26
Net income attributable to Honeywell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.92 $ 3.69 $ 2.61
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. In 2013,
2012, and 2011 the weighted number of stock options excluded from the computations were 2.2
million, 12.5 million, and 9.5 million, respectively. These stock options were outstanding at the end of
each of the respective periods.
Note 8. Accounts, Notes and Other Receivables
2013 2012
December 31,
Trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,530 $6,940
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646 737
8,176 7,677
Less—Allowance for doubtful accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (247) (248)
$7,929 $7,429
82
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)