| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Stephen Daldry |
| ★ | Best Actress: Nicole Kidman |
| Best Supporting Actress: Julianne Moore |
| Best Supporting Actor: Ed Harris |
| Best Adapted Screenplay: David Hare |
| Best Costume Design: Ann Roth |
| Best Film Editing: Peter Boyle |
| Best Original Score: Philip Glass |
|
| Golden Globe Nominations and Winners: |
| ★ | Best Picture (Drama) |
| Best Director: Stephen Daldry |
| ★ | Best Actress (Drama): Nicole Kidman |
| Best Actress (Drama): Meryl Streep |
| Best Supporting Actor: Ed Harris |
| Best Screenplay: David Hare |
| Best Original Score: Philip Glass |
|
| Other Awards: |
| Berlin Film Festival: Best Actress (Kidman, Moore, and Streep) |
| Writers Guild of America: Best Adapted Screenplay |
| Los Angeles Film Critics Association: Best Actress (Moore; also cited for Far from Heaven) |
| Boston Society of Film Critics: Best Supporting Actress (Collette; also cited for About a Boy) |
| National Board of Review: Best Picture |
| British Academy Awards (BAFTAs): Best Actress (Kidman); Best Original Score |