PENSION BENEFITS

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

PENSION BENEFITS

PENSION BENEFITS

Net periodic pension benefit (income) cost for the Company's significant pension plans included the following components:

	U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Service cost	$	8	$	21	$	22	$	64
Interest cost	162		95		484		285
Expected return on plan assets	(277)		(320)		(833)		(961)
Amortization of prior service (credit) cost	(12)		(11)		(32)		(32)
Net periodic benefit income	$	(119)	$	(215)	$	(359)	$	(644)

	Non-U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Service cost	$	2	$	5	$	8	$	15
Interest cost	51		25		150		79
Expected return on plan assets	(70)		(67)		(206)		(213)
Net periodic benefit income	$	(17)	$	(37)	$	(48)	$	(119)

During the three and nine months ended September 30, 2023, the Company repurchased $100 million of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust. The Company completed no repurchases of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust during 2022.