Honeywell 2014 Annual Report Download - page 22

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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 (S&P) 500 Stock Index and a composite of S&P’s Industrial
Conglomerates and Aerospace and Defense indices, on a 65%/35% weighted basis, respectively (the
Composite Index). The weighting of the components of the Composite Index are based on our
segments’ relative contribution to total segment profit. The selection of the Industrial Conglomerates
component of the Composite Index reflects the diverse and distinct range of non-aerospace
businesses conducted by Honeywell. 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, 2009 and that all dividends were reinvested.
COMPARISON OF CUMULATIVE FIVE YEAR TOTAL RETURN
D
O
L
L
A
R
S
0
50
100
150
200
250
300
350
2012 20142013201120102009
Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014
Honeywell 100 139.51 146.25 175.28 257.75 287.42
S&P 500 Index® 100 115.06 117.49 136.30 180.44 205.14
Composite Index 100 117.44 120.15 141.70 206.76 216.89
13