Excerpt from Honeywell Inc 2018 10K regarding Employee Pension Benefit Plans Note 21. Pension and Other Postretirement Benefits We sponsor a number of both funded and unfunded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of our U.S. employees are provided through non-contributory, qualified and non-qualified defined benefit plans. All non-union hourly and salaried employees joining Honeywell for the first time after December 31, 2012, are not eligible to participate in Honeywell's U.S. defined benefit pension plans. We also sponsor defined benefit pension plans which cover non-U.S. employees who are not U.S. citizens, in certain jurisdictions, principally the UK, Netherlands, Germany, and Canada. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. We also sponsor postretirement benefit plans that provide health care benefits and life insurance coverage mainly to U.S. eligible retirees. None of Honeywell's U.S. employees are eligible for a retiree medical subsidy from the Company. In addition, the vast majority of Honeywell's U.S. retirees either have no Company subsidy or have a fixed-dollar subsidy amount. This significantly limits our exposure to the impact of future health care cost increases. The retiree medical and life insurance plans are not funded. Claims and expenses are paid from our operating cash flow. The following tables summarize the balance sheet impact, including the benefit obligations, assets and funded status associated with our significant pension and other postretirement benefit plans. Pension Benefits U.S. Plans 2017 Non-U.S. Plans 2017 2018 2018 Change in benefit obligation: Benefit obligation at beginning of year $17,414 $18,151 $7,019 $6,483 Service cost 140 172 26 40 Interest cost 573 586 143 147 Plan amendments (1) (24) (253) Actuarial (gains) losses Benefits paid (1,111) (1,137) (356) (264) 1,234 (1,146) (109) Settlements and curtailments (9) Foreign currency translation Other (342) (65) 6,182 614 (475) 13 Benefit obligation at end of year 18,151 7,019 16,141 Change in plan assets: Fair value of plan assets at beginning of year Actual return on plan assets 7,151 18,985 16,814 6,120 3,287 (173) 137 (303) 539 Company contributions Benefits paid Settlements and curtailments 34 139 161 (1,146) (109) (1,137) (264) (253) Foreign currency translation Other (378) 569 (470) 15 Fair value of plan assets at end of year 17,109 18,985 6,481 7,151 $ 299 $ 968 $ 834 $ 132 Funded status of plans Pension Benefits U.S. Plans Non-U.S. Plans Net Periodic Benefit Cost 2018 2017 2016 2018 2017 2016 $ 40 $ 140 $ 191 $ 26 $ 47 Service cost 172 Interest cost 573 586 600 143 147 179 Expected return on plan assets (1,426) (1,262) (1,226) (443) (411) (377) Amortization of prior service (credit) cost (43) (43) (43) (1) (1) (3) Recognition of actuarial losses 41 27 37 46 246 Settlements and curtailments 18 (3) (7) $ (756) $ (488) $(241) $(179) Net periodic benefit (income) cost (451) 85 See questions a & b below related to Honeywell's pension footnote. 5. How much pension expense (income) is reported on Honeywell's income statement in 2018? What are the key drivers to the pension expense (income) for 2018? What amount of benefits were paid to former employees in 2018 from the US plans? a. b. What is the funded status of all of Honeywell's pension benefit plans in 2018 (US and Non US)? What amount of asset or liability should Honeywell report on its 2018 balance sheet? 6. Excerpt from Honeywell Inc 2018 10K regarding Employee Pension Benefit Plans Note 21. Pension and Other Postretirement Benefits We sponsor a number of both funded and unfunded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of our U.S. employees are provided through non-contributory, qualified and non-qualified defined benefit plans. All non-union hourly and salaried employees joining Honeywell for the first time after December 31, 2012, are not eligible to participate in Honeywell's U.S. defined benefit pension plans. We also sponsor defined benefit pension plans which cover non-U.S. employees who are not U.S. citizens, in certain jurisdictions, principally the UK, Netherlands, Germany, and Canada. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. We also sponsor postretirement benefit plans that provide health care benefits and life insurance coverage mainly to U.S. eligible retirees. None of Honeywell's U.S. employees are eligible for a retiree medical subsidy from the Company. In addition, the vast majority of Honeywell's U.S. retirees either have no Company subsidy or have a fixed-dollar subsidy amount. This significantly limits our exposure to the impact of future health care cost increases. The retiree medical and life insurance plans are not funded. Claims and expenses are paid from our operating cash flow. The following tables summarize the balance sheet impact, including the benefit obligations, assets and funded status associated with our significant pension and other postretirement benefit plans. Pension Benefits U.S. Plans 2017 Non-U.S. Plans 2017 2018 2018 Change in benefit obligation: Benefit obligation at beginning of year $17,414 $18,151 $7,019 $6,483 Service cost 140 172 26 40 Interest cost 573 586 143 147 Plan amendments (1) (24) (253) Actuarial (gains) losses Benefits paid (1,111) (1,137) (356) (264) 1,234 (1,146) (109) Settlements and curtailments (9) Foreign currency translation Other (342) (65) 6,182 614 (475) 13 Benefit obligation at end of year 18,151 7,019 16,141 Change in plan assets: Fair value of plan assets at beginning of year Actual return on plan assets 7,151 18,985 16,814 6,120 3,287 (173) 137 (303) 539 Company contributions Benefits paid Settlements and curtailments 34 139 161 (1,146) (109) (1,137) (264) (253) Foreign currency translation Other (378) 569 (470) 15 Fair value of plan assets at end of year 17,109 18,985 6,481 7,151 $ 299 $ 968 $ 834 $ 132 Funded status of plans Pension Benefits U.S. Plans Non-U.S. Plans Net Periodic Benefit Cost 2018 2017 2016 2018 2017 2016 $ 40 $ 140 $ 191 $ 26 $ 47 Service cost 172 Interest cost 573 586 600 143 147 179 Expected return on plan assets (1,426) (1,262) (1,226) (443) (411) (377) Amortization of prior service (credit) cost (43) (43) (43) (1) (1) (3) Recognition of actuarial losses 41 27 37 46 246 Settlements and curtailments 18 (3) (7) $ (756) $ (488) $(241) $(179) Net periodic benefit (income) cost (451) 85 See questions a & b below related to Honeywell's pension footnote. 5. How much pension expense (income) is reported on Honeywell's income statement in 2018? What are the key drivers to the pension expense (income) for 2018? What amount of benefits were paid to former employees in 2018 from the US plans? a. b. What is the funded status of all of Honeywell's pension benefit plans in 2018 (US and Non US)? What amount of asset or liability should Honeywell report on its 2018 balance sheet? 6