Glossary

P/E 5 Fiscal Year Low

The P/E Ratio for each of the past 60 months is calculated using the month end Price divided by the trailing twelve month Earnings Per Share (EPS) Excluding Extraordinary Items ending at least 1 month earlier than the pricing date. The lowest of these 60 P/E values is the 5 Year Low Price Earnings Ratio.

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Mark Macaluso
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investorrelations@honeywell.com