Honeywell 2005 Annual Report Download - page 113
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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
The accumulated benefit obligation for our defined benefit pension plans was $15,420 and $12,996 million at December 31, 2005
and 2004, respectively.
Net periodic pension and other postretirement benefit costs for our significant plans include the following components:
Pension Benefits
Years Ended December 31,
2005 2004 2003
Service cost $ 236 $ 222 $ 201
Interest cost 815 755 757
Expected return on plan assets (1,104) (1,042) (1,030)
Amortization of transition asset — — (7)
Amortization of prior service cost 30 38 37
Recognition of actuarial losses 392 413 178
Net periodic benefit cost $ 369 $ 386 $ 136
Other Postretirement
Benefits
Years Ended December 31,
2005 2004 2003
Service cost $ 17 $ 17 $ 17
Interest cost 120 138 145
Expected return on plan assets — — —
Amortization of prior service (credit) (39) (37) (30)
Recognition of actuarial losses 63 101 62
Net periodic benefit cost $161 $219 $194
84