v3.26.3
Pension Benefits
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2026202520262025
Service cost$2 $7 $14 $21 
Interest cost59 147 321 441 
Expected return on plan assets(125)(289)(689)(867)
Net periodic benefit (income) cost$(64)$(135)$(354)$(405)
Net periodic benefit (income) cost - continuing operations$(64)$(60)$(195)$(178)
Net periodic benefit (income) cost - discontinued operations
— (75)(159)(227)
Non-U.S. Plans
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Service cost$1 $1 $2 $3 
Interest cost41 46 125 138 
Expected return on plan assets(71)(69)(212)(211)
Amortization of prior service (credit)1 — 2 — 
Recognition of actuarial (gains) losses— — — 14 
Settlements and curtailments— — — 68 
Net periodic benefit (income) cost$(28)$(22)$(83)$12 
Net periodic benefit (income) cost - continuing operations$(28)$(25)$(86)$5 
Net periodic benefit (income) cost - discontinued operations— 3 3 7 
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 September 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 nine months ended September 30, 2026. The Company repurchased $100 million and $400 million of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the three and nine months ended September 30, 2025, respectively.
In connection with the Aerospace Spin-Off, Honeywell Technologies transferred $6.4 billion of pension benefit obligations and $9.0 billion of plan assets for certain pension plans to Honeywell Aerospace.