PENSION AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2012

Pension and Other Post Retirements Disclosure Paragraph Details [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

Note14. Pension and Other Postretirement Benefits

       Net periodic pension and other postretirement benefits costs for our significant defined benefit plans include the following components:

		Three Months Ended
		U.S. Plans				Non-U.S. Plans
Pension Benefits		March 31,				March 31,
		2012		2011		2012		2011
Service cost	$	64	$	63	$	12	$	15
Interest cost		184		190		55		60
Expected return on plan assets		(255)		(253)		(72)		(71)
Amortization of prior service cost		7		8		-		-
Settlements and curtailments		-		15		2		-
	$	-	$	23	$	(3)	$	4
				Three Months Ended
Other Postretirement Benefits				March 31,
				2012		2011
Service cost			$	-	$	1
Interest cost				14		18
Amortization of prior service (credit)				(3)		(13)
Recognition of actuarial losses				11		12
			$	22	$	18

In the first quarter of 2012,Honeywell made cash contributions of$256 million to our pension plans.

If required, a mark to market adjustment will be recorded in the fourth quarter of 2012 in accordance with our pension accounting method as described in Note 1 to our financial statements for the year ended December 31, 2011 contained in our Form 10-K filed on February 17, 2012.