Honeywell 2010 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2010 Honeywell annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
 |
 |
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Other Postretirement Benefits
2010 2009
Change in benefit obligation:
Benefit obligation at beginning of year $ 1,748 $ 1,960
Service cost 2 6
Interest cost 81 104
Plan amendments (176) (180)
Actuarial (gains) losses 160 47
Benefits paid (187) (189)
Benefit obligation at end of year 1,628 1,748
Change in plan assets:
Fair value of plan assets at beginning of year — —
Actual return on plan assets — —
Company contributions — —
Benefits paid — —
Fair value of plan assets at end of year — —
Funded status of plans $ (1,628) $ (1,748)
Amounts recognized in Consolidated Balance Sheet consist of:
Accrued liabilities (197) (197)
Postretirement benefit obligations other than pensions(1) (1,431) (1,551)
Net amount recognized $ (1,628) $ (1,748)
(1) Excludes Non-U.S. plans of $46 and $43 million in 2010 and 2009, respectively.
Amounts recognized in Accumulated Other Comprehensive (Income) Loss associated with our significant pension and other postretirement benefit
plans at December 31, 2010 and 2009 are as follows.
Pension Benefits
U.S. Plans Non-U.S. Plans
2010 2009 2010 2009
Transition (asset) obligation $ — $ — $ 9 $ 11
Prior service cost (credit) 177 92 (19) (19)
Net actuarial (gain) loss 1,499 1,356 321 646
Net amount recognized $ 1,676 $ 1,448 $ 311 $ 638
Other Postretirement Benefits
2010 2009
Prior service cost (credit) $ (264) $ (179)
Net actuarial (gain) loss 425 299
Net amount recognized $ 161 $ 120
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, 2010, 2009, and 2008 include the following components:
97