Honeywell 2012 Annual Report Download - page 113
Download and view the complete annual report
Please find page 113 of the 2012 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
 |
 |
2012 2011 2012 2011
U.S. Plans Non-U.S. Plans
Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year. . . . . . . . . . . . . . . . . . $15,600 $14,990 $4,648 $4,373
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 256 232 48 59
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 738 761 221 239
Plan amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 5 — —
Actuarial losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,493 566 372 171
Divestitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (26) — —
Benefits paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (970) (952) (188) (189)
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . — — (16) (25)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 24 187 20
Benefit obligation at end of year . . . . . . . . . . . . . . . . . . . . . . . 17,117 15,600 5,272 4,648
Change in plan assets:
Fair value of plan assets at beginning of year . . . . . . . . . . 12,836 12,181 3,958 3,939
Actual return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,654 (41) 336 87
Company contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 825 1,681 271 124
Divestitures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (33) — —
Benefits paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (970) (952) (188) (189)
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . — — (16) (25)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 166 22
Fair value of plan assets at end of year . . . . . . . . . . . . . . . . 14,345 12,836 4,527 3,958
Funded status of plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (2,772) $ (2,764) $ (745) $ (690)
Amounts recognized in Consolidated Balance Sheet
consist of:
Prepaid pension benefit cost(1) . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 87 $ 84
Accrued pension liability(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,772) (2,764) (832) (774)
Net amount recognized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (2,772) $ (2,764) $ (745) $ (690)
(1) Included in Other Assets on Consolidated Balance Sheet
(2) Included in Other Liabilities - Non-Current on Consolidated Balance Sheet
104
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)