PENSION BENEFITS

6 Months Ended

Jun. 30, 2020

Retirement Benefits, Description [Abstract]

Pension Benefits

Note 15. Pension Benefits

Net periodic pension benefit costs for our significant defined benefit plans include the following components:

	U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Service cost	$	24	$	21	$	49	$	42
Interest cost	115		154		230		307
Expected return on plan assets	(283)		(279)		(567)		(558)
Amortization of prior service (credit)	(10)		(11)		(21)		(22)
	$	(154)	$	(115)	$	(309)	$	(231)

	Non-U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Service cost	$	5	$	6	$	11	$	12
Interest cost	26		36		52		72
Expected return on plan assets	(81)		(83)		(165)		(167)
Amortization of prior service (credit)	—		—		—		—
	$	(50)	$	(41)	$	(102)	$	(83)

During the three months ended June 30, 2020, the Company did not purchase any Honeywell shares from the Honeywell U.S. Pension Plan Master Trust. During the six months ended June 30, 2020, the Company repurchased $100 million of outstanding Honeywell shares from the Honeywell U.S. Pension Plan Master Trust. During the three and six months ended June 30, 2019, the Company repurchased $100 million and $200 million of outstanding Honeywell shares from the Honeywell U.S. Pension Plan Master Trust.