v3.26.1
PENSION BENEFITS
6 Months Ended
Jun. 30, 2026
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 June 30,Six Months Ended June 30,
2026202520262025
Service cost$$$12 $14 
Interest cost131 147 262 294 
Expected return on plan assets(282)(289)(564)(578)
Net periodic benefit (income) cost$(145)$(135)$(290)$(270)
Net periodic benefit (income) cost - continuing operations$(145)$(134)$(290)$(268)
Net periodic benefit (income) cost - discontinued operations
— (1)— (2)
Non-U.S. Plans
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Service cost$— $$$
Interest cost42 45 84 92 
Expected return on plan assets(70)(69)(141)(142)
Amortization of prior service (credit)— — — 
Recognition of actuarial (gains) losses— — — 14 
Settlements and curtailments— 68 — 68 
Net periodic benefit (income) cost$(28)$45 $(55)$34 
Net periodic benefit (income) cost - continuing operations$(28)$44 $(55)$33 
Net periodic benefit (income) cost - discontinued operations— — 
The Company completed no repurchases of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the three months ended June 30, 2026. The Company repurchased $100 million of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the six months ended June 30, 2026. The Company repurchased $100 million and $300 million of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the three and six months ended June 30, 2025, respectively.