Honeywell 2013 Annual Report Download - page 122

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The components of net periodic benefit cost and other amounts recognized in other
comprehensive (income) loss for our significant plans for the years ended December 31, 2013,
2012, and 2011 include the following components:
Net Periodic Benefit Cost 2013 2012 2011 2013 2012 2011
U.S. Plans Non-U.S. Plans
Pension Benefits
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 272 $ 256 $ 232 $ 58 $ 48 $ 59
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 677 738 761 215 221 239
Expected return on plan assets. . . . . . . . . . . . . . (1,076) (1,020) (1,014) (308) (291) (284)
Amortization of transition obligation . . . . . . . . . . — — — 2 2 2
Amortization of prior service cost (credit). . . . . 23 28 33 (2) (2) (2)
Recognition of actuarial losses . . . . . . . . . . . . . . — 707 1,568 51 250 234
Settlements and curtailments . . . . . . . . . . . . . . . . — — 24 — 2 1
Net periodic benefit (income) cost . . . . . . . . . . . $ (104) $ 709 $ 1,604 $ 16 $ 230 $ 249
Other Changes in Plan Assets and
Benefits Obligations Recognized in
Other Comprehensive (Income) Loss 2013 2012 2011 2013 2012 2011
U.S. Plans Non-U.S. Plans
Actuarial (gains) losses . . . . . . . . . . . . . . . . . . . . . . . . $(3,090) $ 859 $ 1,628 $(48) $ 327 $ 368
Prior service cost (credit). . . . . . . . . . . . . . . . . . . . . . . 14 — 5 — — —
Transition obligation recognized during year . . . . . — — — (2) (2) (2)
Prior service (cost) credit recognized during
year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (23) (28) (33) 2 2 2
Actuarial losses recognized during year . . . . . . . . . — (707) (1,568) (51) (250) (234)
Foreign exchange translation adjustments . . . . . . . — — — 3 23 (11)
Total recognized in other comprehensive
(income) loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . $(3,099) $ 124 $ 32 $(96) $ 100 $ 123
Total recognized in net periodic benefit
(income) cost and other comprehensive
(income) loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . $(3,203) $ 833 $ 1,636 $(80) $ 330 $ 372
The estimated prior service cost (credit) for pension benefits that will be amortized from
accumulated other comprehensive (income) loss into net periodic benefit cost in 2014 are expected to
be $23 million and $(2) million for U.S. and Non-U.S. benefit plans, respectively.
Net Periodic Benefit Cost 2013 2012 2011
Other Postretirement
Benefits Years Ended
December 31,
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 1 $ 1
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 53 69
Amortization of prior service (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13) (14) (34)
Recognition of actuarial losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 34 38
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (42) (6) (167)
Net periodic benefit (income) cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16 $ 68 $ (93)
110
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)