| 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 March 31, | | | | 2026 | | 2025 | | | | | | Service cost | $ | 6 | | | $ | 7 | | | | | | | Interest cost | 131 | | | 147 | | | | | | | Expected return on plan assets | (282) | | | (289) | | | | | | | | | | | | | | | Net periodic benefit (income) cost | $ | (145) | | | $ | (135) | | | | | | | Net periodic benefit (income) cost - continuing operations | $ | (145) | | | $ | (134) | | | | | | Net periodic benefit (income) cost - discontinued operations | — | | | (1) | | | | | |
| | | | | | | | | | | | | | | | | Non-U.S. Plans | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | Service cost | $ | 1 | | | $ | 1 | | | | | | | Interest cost | 42 | | | 47 | | | | | | | Expected return on plan assets | (71) | | | (73) | | | | | | | | | | | | | | | | | | | | | | | Amortization of prior service (credit) | 1 | | | — | | | | | | | Recognition of actuarial (gains) losses | — | | | 14 | | | | | | | | | | | | | | | Net periodic benefit (income) cost | $ | (27) | | | $ | (11) | | | | | | | Net periodic benefit (income) cost - continuing operations | $ | (27) | | | $ | (12) | | | | | | | Net periodic benefit (income) cost - discontinued operations | — | | | 1 | | | | | |
The Company repurchased $100 million and $200 million of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust during the three months ended March 31, 2026 and 2025, respectively.
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