Honeywell International Inc., ROE, long-term trends, calculation

	ROE	=	100	×	Net income attributable to Honeywell¹	÷	Total Honeywell shareowners’ equity¹
Dec 31, 2019	33.22%	=	100	×	6,143	÷	18,494
Dec 31, 2018	37.21%	=	100	×	6,765	÷	18,180
Dec 31, 2017	9.58%	=	100	×	1,655	÷	17,276
Dec 31, 2016	24.83%	=	100	×	4,809	÷	19,369
Dec 31, 2015	26.08%	=	100	×	4,768	÷	18,283
Dec 31, 2014	24.01%	=	100	×	4,239	÷	17,657
Dec 31, 2013	22.47%	=	100	×	3,924	÷	17,467
Dec 31, 2012	22.55%	=	100	×	2,926	÷	12,975
Dec 31, 2011	19.13%	=	100	×	2,067	÷	10,806
Dec 31, 2010	18.96%	=	100	×	2,022	÷	10,666
Dec 31, 2009	24.34%	=	100	×	2,153	÷	8,844
Dec 31, 2008	38.85%	=	100	×	2,792	÷	7,187
Dec 31, 2007	26.50%	=	100	×	2,444	÷	9,222
Dec 31, 2006	21.43%	=	100	×	2,083	÷	9,720
Dec 31, 2005	14.71%	=	100	×	1,655	÷	11,254

¹ US$ in millions

Honeywell International Inc., ROE, long-term trends, comparison to competitors

	Honeywell International Inc.	3M Co.	General Electric Co.
Dec 31, 2019	33.22%	45.41%	-17.58%
Dec 31, 2018	37.21%	54.60%	-72.16%
Dec 31, 2017	9.58%	42.01%	-9.00%
Dec 31, 2016	24.83%	49.04%	11.65%
Dec 31, 2015	26.08%	41.28%	-6.23%
Dec 31, 2014	24.01%	37.81%	11.89%
Dec 31, 2013	22.47%	26.62%	10.00%
Dec 31, 2012	22.55%	25.29%	11.09%
Dec 31, 2011	19.13%	27.78%	12.15%
Dec 31, 2010	18.96%	26.08%	9.79%
Dec 31, 2009	24.34%	25.02%	9.40%
Dec 31, 2008	38.85%	35.02%	16.63%
Dec 31, 2007	26.50%	34.87%	19.22%
Dec 31, 2006	21.43%	38.67%	18.55%
Dec 31, 2005	14.71%	31.67%	14.95%

Honeywell International Inc., ROE, long-term trends, comparison to sector (general industrials)

	Honeywell International Inc.	General Industrials
Dec 31, 2019	33.22%	10.08%
Dec 31, 2018	37.21%	-17.37%
Dec 31, 2017	9.58%	0.78%
Dec 31, 2016	24.83%	17.72%
Dec 31, 2015	26.08%	2.71%
Dec 31, 2014	24.01%	15.37%
Dec 31, 2013	22.47%	13.07%
Dec 31, 2012	22.55%	13.68%
Dec 31, 2011	19.13%	14.37%
Dec 31, 2010	18.96%	12.22%
Dec 31, 2009	24.34%	11.79%
Dec 31, 2008	38.85%	19.44%
Dec 31, 2007	26.50%	21.06%
Dec 31, 2006	21.43%	20.28%
Dec 31, 2005	14.71%	16.22%

Honeywell International Inc., ROE, long-term trends, comparison to industry (industrials)

	Honeywell International Inc.	Industrials
Dec 31, 2019	33.22%	25.43%
Dec 31, 2018	37.21%	23.99%
Dec 31, 2017	9.58%	23.83%
Dec 31, 2016	24.83%	25.16%
Dec 31, 2015	26.08%	17.65%
Dec 31, 2014	24.01%	22.01%
Dec 31, 2013	22.47%	18.22%
Dec 31, 2012	22.55%	19.03%
Dec 31, 2011	19.13%	20.99%
Dec 31, 2010	18.96%	17.72%
Dec 31, 2009	24.34%	14.60%
Dec 31, 2008	38.85%	22.41%
Dec 31, 2007	26.50%	20.33%
Dec 31, 2006	21.43%	20.95%
Dec 31, 2005	14.71%	17.18%

Honeywell International Inc. (NYSE:HON)

Return on Equity (ROE)
since 2005