| EARNINGS PER SHARE The details of the earnings per share calculations for the years ended December 31, 2025, 2024, and 2023, are as follows (shares in millions): | | | | | | | | | | | | | | | | | | | Basic | Years Ended December 31, | | 2025 | | 2024 | | 2023 | Net income from continuing operations attributable to Honeywell | 4,461 | | | 4,968 | | | 4,913 | | Net income from discontinued operations attributable to Honeywell | 268 | | | 737 | | | 745 | | | Net income attributable to Honeywell | $ | 4,729 | | | $ | 5,705 | | | $ | 5,658 | | | Weighted average shares outstanding | 639.0 | | | 650.9 | | | 663.0 | | | | | | | | Earnings per share of common stock from continuing operations—basic | $ | 6.98 | | | $ | 7.63 | | | $ | 7.41 | | | Earnings per share of common stock from discontinued operations—basic | $ | 0.42 | | | $ | 1.13 | | | $ | 1.12 | | Earnings per share of common stock—basic | $ | 7.40 | | | $ | 8.76 | | | $ | 8.53 | | | | | | | |
| | | | | | | | | | | | | | | | | | | Assuming Dilution | Years Ended December 31, | | 2025 | | 2024 | | 2023 | Net income from continuing operations attributable to Honeywell | 4,461 | | | 4,968 | | | 4,913 | | Net income from discontinued operations attributable to Honeywell | 268 | | | 737 | | | 745 | | | Net income attributable to Honeywell | $ | 4,729 | | | $ | 5,705 | | | $ | 5,658 | | | Average shares | | | | | | | Weighted average shares outstanding | 639.0 | | | 650.9 | | | 663.0 | | | Dilutive securities issuable—stock plans | 3.8 | | | 4.4 | | | 5.2 | | | Total weighted average diluted shares outstanding | 642.8 | | | 655.3 | | | 668.2 | | | | | | | | Earnings per share of common stock from continuing operations—assuming dilution | $ | 6.94 | | | $ | 7.58 | | | $ | 7.36 | | | Earnings per share of common stock from discontinued operations—assuming dilution | 0.42 | | | 1.13 | | | 1.11 | | Earnings per share of common stock—assuming dilution | $ | 7.36 | | | $ | 8.71 | | | $ | 8.47 | |
The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. In 2025, 2024, and 2023, the weighted average number of stock options excluded from the computations was 2.9 million, 3.9 million, and 4.5 million, respectively. These stock options were outstanding at the end of each of the respective periods. As of December 31, 2025, and 2024, the total shares outstanding were 635.3 million and 649.8 million, respectively, and as of December 31, 2025, and 2024, total shares issued were 957.6 million.
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