Honeywell International Inc. (HON)

Common-Size Income Statement
Quarterly Data

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Honeywell International Inc., common-size consolidated income statement (quarterly data)

3 months ended	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
Product sales	74.76%	75.62%	75.56%	76.41%	78.77%	79.71%	79.23%	79.74%	79.56%	80.16%	79.44%	79.76%	78.99%	80.42%	80.01%	79.74%	78.80%	79.77%	79.93%	79.73%	80.04%	80.74%	81.05%
Service sales	25.24%	24.38%	24.44%	23.59%	21.23%	20.29%	20.77%	20.26%	20.44%	19.84%	20.56%	20.24%	21.01%	19.58%	19.99%	20.26%	21.20%	20.23%	20.07%	20.27%	19.96%	19.26%	18.95%
Net sales	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Cost of products sold	-52.55%	-52.45%	-52.03%	-55.50%	-56.93%	-56.80%	-56.82%	-56.39%	-55.80%	-56.16%	-55.17%	-56.33%	-57.06%	-56.07%	-56.18%	-56.59%	-55.89%	-56.69%	-56.58%	-60.42%	-57.97%	-58.98%	-59.71%
Cost of services sold	-13.90%	-13.48%	-14.15%	-13.21%	-13.28%	-12.93%	-12.37%	-12.75%	-12.10%	-11.81%	-11.79%	-12.56%	-13.35%	-12.20%	-12.58%	-12.70%	-13.34%	-13.02%	-12.47%	-13.28%	-12.54%	-12.18%	-12.27%
Cost of products and services sold	-66.45%	-65.93%	-66.18%	-68.71%	-70.21%	-69.73%	-69.20%	-69.13%	-67.91%	-67.97%	-66.96%	-68.89%	-70.41%	-68.27%	-68.76%	-69.29%	-69.23%	-69.71%	-69.05%	-73.70%	-70.52%	-71.16%	-71.98%
Gross profit	33.55%	34.07%	33.82%	31.29%	29.79%	30.27%	30.80%	30.87%	32.09%	32.03%	33.04%	31.11%	29.59%	31.73%	31.24%	30.71%	30.77%	30.29%	30.95%	26.30%	29.48%	28.84%	28.02%
Selling, general and administrative expenses	-14.26%	-15.01%	-15.34%	-15.66%	-14.16%	-13.99%	-14.19%	-15.04%	-14.30%	-13.70%	-14.21%	-14.95%	-13.94%	-13.30%	-13.44%	-13.34%	-12.51%	-12.71%	-13.35%	-14.22%	-13.30%	-13.41%	-13.83%
Operating income	19.28%	19.06%	18.48%	15.62%	15.63%	16.27%	16.61%	15.83%	17.79%	18.33%	18.83%	16.15%	15.65%	18.43%	17.80%	17.36%	18.26%	17.59%	17.59%	12.08%	16.19%	15.43%	14.19%
Other income (expense)	3.42%	3.30%	3.21%	2.98%	2.56%	2.89%	2.58%	-0.17%	0.62%	0.10%	0.13%	-0.95%	1.84%	-0.01%	0.19%	0.04%	0.25%	0.20%	0.22%	1.42%	0.21%	0.20%	1.21%
Interest and other financial charges	-1.06%	-0.92%	-0.96%	-0.93%	-0.92%	-0.87%	-0.80%	-0.75%	-0.80%	-0.78%	-0.79%	-0.86%	-0.84%	-0.85%	-0.89%	-0.84%	-0.75%	-0.79%	-0.84%	-0.80%	-0.76%	-0.78%	-0.82%
Income before taxes	21.65%	21.44%	20.73%	17.68%	17.26%	18.30%	18.39%	14.91%	17.62%	17.64%	18.16%	14.34%	16.65%	17.57%	17.10%	16.56%	17.76%	17.00%	16.98%	12.70%	15.63%	14.85%	14.58%
Tax (expense) benefit	-3.51%	-4.61%	-4.57%	0.21%	4.63%	-6.58%	-4.42%	-37.04%	-4.13%	-3.75%	-4.13%	-3.88%	-3.92%	-4.28%	-4.22%	-4.51%	-4.48%	-4.50%	-4.54%	-3.20%	-3.84%	-3.87%	-3.87%
Net income	18.14%	16.83%	16.16%	17.88%	21.89%	11.72%	13.97%	-22.12%	13.49%	13.89%	14.03%	10.47%	12.73%	13.28%	12.88%	12.05%	13.28%	12.50%	12.44%	9.50%	11.79%	10.98%	10.70%
Net income attributable to the noncontrolling interest	-0.26%	-0.16%	-0.23%	-0.20%	-0.17%	-0.12%	-0.13%	-0.11%	-0.17%	-0.08%	-0.06%	-0.11%	-0.08%	-0.08%	-0.11%	-0.09%	-0.12%	-0.29%	-0.33%	-0.19%	-0.25%	-0.26%	-0.20%
Net income attributable to Honeywell	17.87%	16.67%	15.94%	17.69%	21.72%	11.60%	13.85%	-22.24%	13.32%	13.81%	13.97%	10.36%	12.65%	13.20%	12.77%	11.96%	13.15%	12.21%	12.11%	9.31%	11.55%	10.72%	10.51%

Income statement item	Description	The company
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Honeywell International Inc.’s operating income as a percentage of net sales increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Income before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Honeywell International Inc.’s income before taxes as a percentage of net sales increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Net income attributable to Honeywell	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Honeywell International Inc.’s net income attributable to Honeywell as a percentage of net sales increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Honeywell International Inc. (HON)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data