Honeywell 2015 Annual Report Download - page 35

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ITEM 8. Financial Statements and Supplementary Data
HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF OPERATIONS
The Notes to Financial Statements are an integral part of this statement.
32
Years Ended December 31,
2015
2014
2013
(Dollars in millions,
except per share amounts)
Product sales
$
30,695
$
32,398
$
31,214
Service sales
7,886
7,908
7,841
Net sales
38,581
40,306
39,055
Costs, expenses and other
Cost of products sold
21,775
23,889
23,317
Cost of services sold
4,972
5,068
5,047
26,747
28,957
28,364
Selling, general and administrative expenses
5,006
5,518
5,190
Other (income) expense
(68
)
(305
)
(238
)
Interest and other financial charges
310
318
327
31,995
34,488
33,643
Income from continuing operations before taxes
6,586
5,818
5,412
Tax expense
1,739
1,489
1,450
Net income
4,847
4,329
3,962
Less: Net income attributable to the noncontrolling interest
79
90
38
Net income attributable to Honeywell
$
4,768
$
4,239
$
3,924
Earnings per share of common stock—basic
$
6.11
$
5.40
$
4.99
Earnings per share of common stock—assuming dilution
$
6.04
$
5.33
$
4.92
Cash dividends per share of common stock
$
2.15
$
1.87
$
1.68