Honeywell International Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net sales of $10,843 million against $9,985 million a year ago. Income before taxes was $1,617 million against $1,432 million a year ago. Net loss was $2,399 million against income of $1,045 million a year ago. Net loss attributable to the company was $2,411 million against income of $1,034 million a year ago. Loss per share of common stock, basic and assuming dilution was $3.18 against earnings per share assuming dilution of $1.53 a year ago. Net cash provided by operating activities was $2,172 million against $2,042 million a year ago. Expenditures for property, plant and equipment was $418 million against $346 million a year ago. Free cash flow was $1,754 million against $1,696 million a year ago. Earnings per share of common stock - assuming dilution, excluding pension mark-to-market expense, debt refinancing expense, separation costs, impacts from Tax Reform, and 2016 divestitures was $1.85 against $1.74 a year ago.

For the year, the company reported net sales of $40,534 million against $39,302 million a year ago. Income before taxes was $6,902 million against $6,447 million a year ago. Net income was $1,698 million against $4,846 million a year ago. Net income attributable to the company was $1,655 million against $4,809 million a year ago. Earnings per share of common stock, assuming dilution was $2.14 against $6.20 a year ago. Net cash provided by operating activities was $5,966 million against $5,498 million a year ago. Expenditures for property, plant and equipment was $1,031 million against $1,095 million a year ago. Free cash flow was $4,935 million against $4,403 million a year ago. Earnings per share of common stock - assuming dilution, excluding pension mark-to-market expense, debt refinancing expense, separation costs, impacts from Tax Reform, and 2016 divestitures was $7.11 against $6.46 a year ago.

For the full year ending December 31, 2018, the company expects expenditures for property, plant and equipment to be $0.9 billion and free cash flow is expected to be in the range of $5.2 billion to $5.9 billion. Sales expected to be in the range of $41.8 billion to $42.5 billion. Earnings per share are expected to be in the range of $7.75 to $8.00 against previously reported guidance of $7.55 to $7.80 per share. The company now expects that its 2018 effective tax rate will be between 22% and 23%.