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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2015
Pension And Other Postretirement Benefits (Tables) [Abstract]  
Defined Benefit Plans Disclosure
Pension Benefits
U.S. PlansNon-U.S. Plans
2015201420152014
Change in benefit obligation:
Benefit obligation at beginning of year$18,035$16,290$5,761$5,523
Service cost2232415156
Interest cost696771177231
Plan amendments(429)--(17)
Actuarial (gains) losses(269)1,718(178)601
Acquisitions61-1,137-
Divestitures---(61)
Benefits paid(1,027)(996)(199)(210)
Settlements and curtailments--(11)-
Foreign currency and other811(400)(362)
Benefit obligation at end of year17,29818,0356,3385,761
Change in plan assets:
Fair value of plan assets at beginning of year17,06616,7275,3335,037
Actual return on plan assets2331,290154622
Company contributions3436147187
Acquisitions43-1,036-
Benefits paid(1,027)(996)(199)(210)
Foreign currency and other-9(354)(303)
Fair value of plan assets at end of year16,34917,0666,1175,333
Funded status of plans$(949)$(969)$(221)$(428)
Amounts recognized in Consolidated Balance
Sheet consist of:
Prepaid pension benefit cost(1)$-$-$427$270
Accrued pension liabilities - current(2)(51)(74)(7)(8)
Accrued pension liabilities - noncurrent(3)(898)(895)(641)(690)
Net amount recognized $(949)$(969)$(221)$(428)
(1) Included in other assets on Consolidated Balance Sheet
(2) Included in accrued liabilities on Consolidated Balance Sheet
(3) Included in other liabilities - noncurrent on Consolidated Balance Sheet

Other Postretirement Benefits
20152014
Change in benefit obligation:
Benefit obligation at beginning of year$973$1,096
Service cost--
Interest cost3342
Plan amendments(1)(290)(87)
Actuarial (gains) losses(55)46
Benefits paid(92)(124)
Benefit obligation at end of year569973
Change in plan assets:
Fair value of plan assets at beginning of year--
Actual return on plan assets--
Company contributions--
Benefits paid--
Fair value of plan assets at end of year--
Funded status of plans$(569)$(973)
Amounts recognized in Consolidated Balance Sheet consist of:
Accrued liabilities$(85)$(111)
Postretirement benefit obligations other than pensions(2)(484)(862)
Net amount recognized$(569)$(973)
(1) Elimination of retiree medical insurance coverage for certain retirees. Amount will be recognized as part of net postretirement benefit cost over the expected future lifetime of the remaining participants in the plan.
(2) Excludes non-U.S. plans of $42 million and $49 million in 2015 and 2014.
Other Changes in Plan Assets Recognized in Other Comprehensive Income
Pension Benefits
U.S. PlansNon-U.S. Plans
2015201420152014
Transition obligation $-$-$-$1
Prior service (credit) cost(355)88(22)(27)
Net actuarial loss1,005281464493
Net amount recognized$650$369$442$467

Other Postretirement Benefits
20152014
Prior service (credit) $(496)$(235)
Net actuarial loss 189278
Net amount recognized$(307)$43
Net Periodic Benefit Cost
Pension Benefits
U.S. PlansNon-U.S. Plans
Net Periodic Benefit Cost201520142013201520142013
Service cost $223$241$272$51$56$58
Interest cost 696771677177231215
Expected return on plan assets(1,278)(1,257)(1,076)(358)(354)(308)
Amortization of transition
obligation---122
Amortization of prior service
cost (credit)132323(3)(2)(2)
Recognition of actuarial losses5226-1522351
Settlements and curtailments8--2--
Net periodic benefit (income) cost$(286)$(196)$(104)$(115)$156$16
Other Changes in Plan Assets and
Benefits Obligations Recognized inU.S. PlansNon-U.S. Plans
Other Comprehensive (Income) Loss201520142013201520142013
Actuarial losses (gains)$775$1,686$(3,090)$27$333$(48)
Prior service (credit) cost(429)-14-(17)-
Transition obligation
recognized during year---(1)(2)(2)
Prior service (cost) credit
recognized during year(13)(23)(23)322
Actuarial losses recognized
during year(52)(26)-(17)(223)(51)
Foreign exchange translation
adjustments---(37)(50)3
Total recognized in other
comprehensive (income) loss$ 281 $ 1,637 $ (3,099)$ (25)$ 43 $ (96)
Total recognized in net periodic
benefit (income) cost and other comprehensive
(income) loss$ (5)$ 1,441 $ (3,203)$ (140)$ 199 $ (80)

Other Postretirement Benefits
Years Ended December 31,
Net Periodic Benefit Cost 201520142013
Service cost $-$-$-
Interest cost 334244
Amortization of prior service (credit) (30)(20)(13)
Recognition of actuarial losses342427
Settlements and curtailments(1)--(42)
Net periodic benefit cost$37$46$16
(1) Curtailment gain in 2013 related to elimination of retiree medical coverage for a union group
in connection with a new collective bargaining agreement.
Years Ended December 31,
Other Changes in Plan Assets and Benefits Obligations 201520142013
Recognized in Other Comprehensive (Income) Loss
Actuarial (gains) losses$(55)$46$(108)
Prior service (credit)(290)(87)(175)
Prior service credit recognized during year302013
Actuarial losses recognized during year(34)(24)(27)
Settlements and curtailments--42
Total recognized in other comprehensive (income)$(349)$(45)$(255)
Total recognized in net periodic benefit cost and
other comprehensive (income) loss$(312)$1$(239)
Assumptions Used in Calculations
Pension Benefits
U.S. PlansNon-U.S. Plans
201520142013201520142013
Actuarial assumptions used to determine
benefit obligations as of December 31:
Discount rate4.46%4.08%4.89%3.49%3.26%4.29%
Expected annual rate of
compensation increase4.48%4.50%4.50%2.11%2.53%2.81%
Actuarial assumptions used to determine
net periodic benefit (income) cost for
years ended December 31:
Discount rate4.08%4.89%4.06%3.26%4.29%4.29%
Expected rate of return
on plan assets7.75%7.75%7.75%6.94%6.96%6.99%
Expected annual rate of
compensation increase4.50%4.50%4.50%2.53%2.81%3.55%

Other Postretirement Benefits
201520142013
Actuarial assumptions used to determine benefit
obligations as of December 31:
Discount rate 3.80%3.45%4.05%
Actuarial assumptions used to determine net periodic
benefit cost for years ended December 31:
Discount rate3.45%4.05%3.40%
Accumulated Benefit Obligations in Excess of Plan Assets
December 31,
U.S. PlansNon-U.S. Plans
2015201420152014
Projected benefit obligation $17,298$626$1,624$1,686
Accumulated benefit obligation$16,899$618$1,574$1,584
Fair value of plan assets $16,349$194$976$994
Fair Value of Plan Assets
U.S. Plans
December 31, 2015
TotalLevel 1Level 2Level 3
Common stock/preferred stock:
Honeywell common stock$1,916$1,916--
U.S. large cap stocks3,7613,761--
U.S. mid cap stocks722722--
U.S. small cap stocks8989--
International stocks2,0991,943156-
Real estate investment trusts209209--
Fixed income investments:
Short term investments1,3321,332--
Government securities425-425-
Corporate bonds3,003-3,003-
Mortgage/Asset-backed securities561-561-
Insurance contracts7-7-
Investments in private funds:
Private funds889--889
Hedge funds19--19
Real estate funds156--156
Direct investments:
Direct private investments535--535
Real estate properties626--626
$16,349$9,972$4,152$2,225

U.S. Plans
December 31, 2014
TotalLevel 1Level 2Level 3
Common stock/preferred stock:
Honeywell common stock$1,851$1,851$-$-
U.S. large cap stocks3,9133,86746-
U.S. mid cap stocks1,0281,01810-
U.S. small cap stocks219219--
International stocks2,5762,400176-
Real estate investment trusts204204--
Fixed income investments:
Short term investments1,0781,078--
Government securities438-438-
Corporate bonds2,988-2,988-
Mortgage/Asset-backed securities635-635-
Insurance contracts7-7-
Investments in private funds:
Private funds999--999
Hedge funds3--3
Real estate funds226--226
Direct investments:
Direct private investments301--301
Real estate properties600--600
$17,066$10,637$4,300$2,129

Non-U.S. Plans
December 31, 2015
TotalLevel 1Level 2Level 3
Common stock/preferred stock:
U.S. companies$569$47990-
Non-U.S. companies2,2002281,972-
Fixed income investments:
Short-term investments1081053-
Government securities1,621-1,621-
Corporate bonds1,073-1,073-
Mortgage/Asset-backed securities94-94-
Insurance contracts170-170-
Investments in private funds:
Private funds61--61
Hedge funds----
Real estate funds221--221
$6,117$812$5,023$282

Non-U.S. Plans
December 31, 2014
TotalLevel 1Level 2Level 3
Common stock/preferred stock:
U.S. companies$534$464$70$-
Non-U.S. companies1,8762251,651-
Fixed income investments:
Short-term investments1171134-
Government securities1,495-1,495-
Corporate bonds857-857-
Mortgage/Asset-backed securities19-19-
Insurance contracts186-186-
Investments in private funds:
Private funds62--62
Hedge funds2--2
Real estate funds185--185
$5,333$802$4,282$249
Changes in Fair Value of Level 3 Plan Assets
U.S. Plans
Direct
PrivatePrivateHedgeReal EstateReal Estate
FundsInvestmentsFundsFundsProperties
Balance at December 31, 2013$1,0582786237627
Actual return on plan assets:
Relating to assets still held
at year-end(50)(10)(2)2110
Relating to assets sold
during the year94592-53
Purchases168923838
Sales and settlements(271)(118)(6)(40)(128)
Balance at December 31, 20149993013226600
Actual return on plan assets:
Relating to assets still held
at year-end(87)47(2)(20)16
Relating to assets sold
during the year8521-414
Purchases14224219516
Sales and settlements(250)(76)(1)(59)(20)
Balance at December 31, 2015$889$535$19$156$626
Non-U.S. Plans
PrivateHedgeReal Estate
FundsFundsFunds
Balance at December 31, 2013$6762181
Actual return on plan assets:
Relating to assets still held at year-end(4)(11)17
Relating to assets sold during the year6121
Purchases--4
Sales and settlements(7)(61)(18)
Balance at December 31, 2014622185
Actual return on plan assets:
Relating to assets still held at year-end(7)-24
Relating to assets sold during the year7-(3)
Purchases11-41
Sales and settlements(12)(2)(26)
Balance at December 31, 2015$61$-$221
Estimated Future Benefit Payments
U.S. PlansNon-U.S. Plans
2016$1,151$243
20171,125252
20181,138258
20191,153265
20201,166272
2021-20255,9221,474
Assumed Health Care Cost Trend Rates
December 31,
20152014
Assumed health care cost trend rate:
Health care cost trend rate assumed for next year 7.00%7.00%
Rate that the cost trend rate gradually declines to 5.00%5.00%
Year that the rate reaches the rate it is assumed to remain at 20232023
Effect of One Percentage Point Change
1 percentage point
IncreaseDecrease
Effect on total of service and interest cost components $1$(1)
Effect on postretirement benefit obligation $27$(20)
Schedule Of Benefit Payments Reflecting Expected Future Service [Table Text Block]
Benefit payments reflecting expected future service, as appropriate, are expected to be paid
as follows:
Without Impact ofNet of
Medicare SubsidyMedicare Subsidy
2016$91$84
20176763
20186358
20195853
20205450
2021-2025189171