PENSION BENEFITS

9 Months Ended

Sep. 30, 2020

Retirement Benefits, Description [Abstract]

Note 15. Pension Benefits

Net periodic pension benefit costs for the Company's significant defined benefit plans include the following components:


	U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Service cost	$	25	$	21	$	74	$	63
Interest cost	116		153		346		460
Expected return on plan assets	(284)		(279)		(851)		(837)
Amortization of prior service (credit)	(11)		(11)		(32)		(33)
	$	(154)	$	(116)	$	(463)	$	(347)


	Non-U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Service cost	$	6	$	4	$	17	$	16
Interest cost	26		34		78		106
Expected return on plan assets	(84)		(81)		(249)		(248)
Amortization of prior service (credit)	—		—		—		—
	$	(52)	$	(43)	$	(154)	$	(126)

During the three months ended September 30, 2020, the Company did not purchase any Honeywell shares from the Honeywell U.S. Pension Plan Master Trust. During the nine months ended September 30, 2020, the Company repurchased $100 million of outstanding Honeywell shares from the Honeywell U.S. Pension Plan Master Trust. During the three and nine months ended September 30, 2019, the Company repurchased $100 million and $300 million of outstanding Honeywell shares from the Honeywell U.S. Pension Plan Master Trust.