EXHIBIT (11)
HONEYWELL INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Dollars in Millions Except Per Share Amounts)
(Unaudited)
Third Quarter Ended Nine Months Ended
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September 29, October 1, September 29, October 1,
1996 1995 1996 1995
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Primary:
Income:
Net income $ 101.1 $ 84.2 $ 249.5 $ 207.8
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Shares:
Weighted average of shares outstanding during the year 126,518,538 127,263,618 126,667,672 127,222,511
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Earnings per share:
Net income $ 0.80 $ .66 $ 1.97 $ 1.63
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Assuming full dilution:
Income:
Net income $ 101.1 $ 84.2 $ 249.5 $ 207.8
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Shares:
Weighted average of shares outstanding during the year 126,518,538 127,263,618 126,667,672 127,222,511
Shares issuable in connection with stock plans
less shares purchasable from proceeds 2,638,374 1,653,849 2,848,464 1,812,115
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Total Shares 129,156,912 128,917,467 129,516,136 129,034,626
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Earnings per share:
Net income $ 0.78 $ 0.65 $ 1.93 $ 1.61
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