4. What is the difference between a defined benefit pension plan and defined contribution pension plan? Does your employer offer a pension plan, and if so, what type of plan is it?

5. See questions a & b below related to Honeywells pension footnote.

a. How much pension expense (income) is reported on Honeywells income statement in 2018? What are the key drivers to the pension expense (income) for 2018?

b. What amount of benefits were paid to former employees in 2018 from the US plans?

6. What is the funded status of all of Honeywells pension benefit plans in 2018 (US and Non US)? What amount of asset or liability should Honeywell report on its 2018 balance sheet?

See below Honeywell 10K

Pension Benefits U.S. Plans Non-U.S. Plans 2018 2017 2018 2017 Change in benefit obligation: Benefit obligation at beginning of year Service cost Interest cost Plan amendments Actuarial (gains) losses Benefits paid Settlements and curtailments Foreign currency translation Other Benefit obligation at end of year Change in plan assets: Fair value of plan assets at beginning of year Actual return on plan assets Company contributions Benefits paid Settlements and curtailments Foreign currency translation Other Fair value of plan assets at end of year Funded status of plans $18,151 $17,414 $7,019 $6,483 140 172 26 40 573 586 143 147 30 (1) (1,111) 1,234 (356) (24) (1,137) (1.146) (264) (253) (109) (9) (342) 614 (475) (65) 13 16,141 18,151 6,182 7,019 18,985 16,814 7.151 6,120 (303) 3,287 (173) 539 34 139 137 161 (1,137) (1,146) (264) (253) (109) (378) 569 (470) 8 15 17,109 18,985 6,481 7,151 $ 968 $ 834 $ 299 $ 132 Net Periodic Benefit Cost Service cost Interest cost Expected return on plan assets Amortization of prior service (credit) cost Recognition of actuarial losses Settlements and curtailments Net periodic benefit (income) cost 2018 $ 140 573 (1,426) (43) U.S. Plans 2017 $ 172 586 (1,262) (43) 41 18 Pension Benefits Non-U.S. Plans 2016 2018 2017 2016 $ 191 $ 26 $ 40 $ 47 600 143 147 179 (1,226) (443) (411) (377) (43) (1) (1) (3) 27 37 46 246 (3) (7) $ (451) $(241) $(179) $ 85 $ (756) $ (488)