Academy Award Nominations and Winners: |
| Best Picture |
| Best Supporting Actress: Kathleen Quinlan |
| Best Supporting Actor: Ed Harris |
| Best Adapted Screenplay: William Broyles Jr. & Al Reinert |
| Best Art Direction: Michael Corenblith; Merideth Boswell |
★ | Best Film Editing: Mike Hill & Daniel P. Hanley |
| Best Original Score: James Horner |
★ | Best Sound: Rick Dior, Steve Pederson, Scott Millan, and David MacMillan |
| Best Visual Effects: Robert Legato, Michael Kanfer, Leslie Ekker, and Matt Sweeney |
|
Golden Globe Nominations: |
| Best Picture (Drama) |
| Best Director: Ron Howard |
| Best Supporting Actress: Kathleen Quinlan |
| Best Supporting Actor: Ed Harris |
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Other Awards: |
| Producers Guild Awards: Best Picture |
| Directors Guild Awards: Best Director |
| Screen Actors Guild Awards: Best Supporting Actor (Harris); Best Ensemble Cast |
| Chicago Film Critics Association: Best Picture |
| British Academy Awards (BAFTAs): Best Production Design; Best Visual Effects |