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:
| Years Ended December 31, | ||||||||||
| Basic | 2013 | 2012 | 2011 | |||||||
| 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 | ||||
| Years Ended December 31, | ||||||||||
| Assuming Dilution | 2013 | 2012 | 2011 | |||||||
| 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.