EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

Note 6. Earnings Per Share



	Three Months Ended September 30,				Nine Months Ended September 30,
Basic	2019		2018		2019		2018
Net income attributable to Honeywell	$	1,624	$	2,338	$	4,581	$	5,044
Weighted average shares outstanding	717.6		741.8		723.5		746.0
Earnings per share of common stock	$	2.26	$	3.15	$	6.33	$	6.76



	Three Months Ended September 30,				Nine Months Ended September 30,
Assuming Dilution	2019		2018		2019		2018
Net income attributable to Honeywell	$	1,624	$	2,338	$	4,581	$	5,044
Average Shares
Weighted average shares outstanding	717.6		741.8		723.5		746.0
Dilutive securities issuable - stock plans	9.1		10.2		9.3		10.0
Total weighted average shares outstanding	726.7		752.0		732.8		756.0
Earnings per share of common stock	$	2.23	$	3.11	$	6.25	$	6.67

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. For the three and nine months ended September 30, 2019, the weighted average number of stock options excluded from the computations were 2.9 million and 3.2 million. For the three and nine months ended September 30, 2018, the weighted average number of stock options excluded from the computations were 3.0 million and 2.4 million. These stock options were outstanding at the end of each of the respective periods.

As of September 30, 2019 and 2018, total shares outstanding were 714.5 million and 740.3 million and as of September 30, 2019 and 2018, total shares issued were 957.6 million.