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PENSION AND OTHER POSTRETIREMENT BENEFITS
3 Months Ended
Mar. 31, 2013
Pension and Other Post Retirements Disclosure Paragraph Details [Abstract]  
Pension and Other Postretirement Benefits

Note 16. Pension and Other Postretirement Benefits

 

       Net periodic pension and other postretirement benefits costs for our significant defined benefit plans include the following components:

 

    Three Months Ended 
    U.S. Plans  Non-U.S. Plans 
 Pension Benefits  March 31,   March 31,  
    2013  2012  2013  2012 
               
 Service cost $ 68 $ 64 $ 14 $ 12 
 Interest cost   168   184   54   55 
 Expected return on plan assets   (268)   (255)   (77)   (72) 
 Amortization of prior service cost   6   7   (1)   -  
 Settlements and curtailments   -    -    -    2 
               
   $ (26) $ -  $ (10) $ (3) 
               
               
       Three Months Ended    
 Other Postretirement Benefits     March 31,     
       2013  2012    
               
 Service cost $ -  $ -     
 Interest cost   12   14    
 Amortization of prior service (credit)   (1)   (3)    
 Recognition of actuarial losses   10   11    
               
      $ 21 $ 22    
               

In the first quarter of 2013, Honeywell made cash contributions of $134 million to our non-U.S. pension plans.

 

If required, a mark to market adjustment will be recorded in the fourth quarter of 2013 in accordance with our pension accounting method as described in Note 1 to our financial statements for the year ended December 31, 2012 contained in our Form 10-K filed on February 15, 2013.