v3.25.2
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 10,352 $ 9,577 $ 20,174 $ 18,682
Costs, expenses and other        
Cost of products and services sold 6,329 5,856 12,366 11,439
Research and development expenses 481 382 920 742
Selling, general and administrative expenses 1,428 1,361 2,789 2,663
Impairment of assets held for sale 0 0 15 0
Other (income) expense (87) (246) (287) (477)
Interest and other financial charges 330 250 616 470
Total costs, expenses and other 8,481 7,603 16,419 14,837
Income before taxes 1,871 1,974 3,755 3,845
Tax expense 302 414 719 810
Net income 1,569 1,560 3,036 3,035
Less: Net income (loss) attributable to noncontrolling interest (1) 16 17 28
Net income attributable to Honeywell $ 1,570 $ 1,544 $ 3,019 $ 3,007
Earnings per share of common stock - basic (in dollars per share) $ 2.46 $ 2.37 $ 4.70 $ 4.62
Earnings per share of common stock - assuming dilution (in dollars per share) $ 2.45 $ 2.36 $ 4.67 $ 4.59
Product        
Net sales $ 7,119 $ 6,477 $ 13,764 $ 12,740
Costs, expenses and other        
Cost of products and services sold 4,548 4,247 8,799 8,282
Service        
Net sales 3,233 3,100 6,410 5,942
Costs, expenses and other        
Cost of products and services sold $ 1,781 $ 1,609 $ 3,567 $ 3,157