Honeywell 2015 Annual Report Download - page 71

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
The following tables summarize the balance sheet impact, including the benefit obligations, assets and funded status
associated with our significant pension and other postretirement benefit plans.
67
Pension Benefits
U.S. Plans
Non
-
U.S. Plans
2015
2014
2015
2014
Change in benefit obligation:
Benefit obligation at beginning of year
$
18,035
$
16,290
$
5,761
$
5,523
Service cost
223
241
51
56
Interest cost
696
771
177
231
Plan amendments
(429
)
—
—
(17
)
Actuarial (gains) losses
(269
)
1,718
(178
)
601
Acquisitions
61
—
1,137
—
Divestitures
—
—
—
(61
)
Benefits paid
(1,027
)
(996
)
(199
)
(210
)
Settlements and curtailments
—
—
(11
)
—
Foreign currency and other
8
11
(400
)
(362
)
Benefit obligation at end of year
17,298
18,035
6,338
5,761
Change in plan assets:
Fair value of plan assets at beginning of year
17,066
16,727
5,333
5,037
Actual return on plan assets
233
1,290
154
622
Company contributions
34
36
147
187
Acquisitions
43
—
1,036
—
Benefits paid
(1,027
)
(996
)
(199
)
(210
)
Foreign currency and other
—
9
(354
)
(303
)
Fair value of plan assets at end of year
16,349
17,066
6,117
5,333
Funded status of plans
$
(949
)
$
(969
)
$
(221
)
$
(428
)
Amounts recognized in Consolidated Balance
Sheet consist of:
Prepaid pension benefit cost(1)
$
—
$
—
$
427
$
270
Accrued pension liabilities—current(2)
(51
)
(74
)
(7
)
(8
)
Accrued pension liabilities—noncurrent(3)
(898
)
(895
)
(641
)
(690
)
Net amount recognized
$
(949
)
$
(969
)
$
(221
)
$
(428
)
(1)
Included in other assets on Consolidated Balance Sheet
(2)
Included in accrued liabilities on Consolidated Balance Sheet
(3)
Included in other liabilities—noncurrent on Consolidated Balance Sheet