HONEYWELL INTERNATIONAL INC | 2013 | FY | 3


Note 17. Other Liabilities

  Years Ended 
  December 31,  
  2013 2012 
 Pension and other employee related$1,756 $4,440 
 Environmental 339  350 
 Income taxes 952  550 
 Insurance 241  273 
 Asset retirement obligations(1) 68  71 
 Deferred income 44  47 
 Other 334  182 
  $3,734 $5,913 
        
 (1) Asset retirement obligations primarily relate to costs associated with the future retirement of nuclear fuel conversion facilities in our Performance Materials and Technologies segment and the future retirement of facilities in our Automation and Control Solutions segment. 

A reconciliation of our liability for asset retirement obligations for the year ended December 31, 2013, is as follows:

 

  2013 2012 
 Change in asset retirement obligations:      
  Balance at beginning of year $ 71 $ 74 
  Liabilities settled   (5)   (8) 
  Adjustments   -   3 
  Accretion expense   2   2 
  Balance at end of year $ 68 $ 71 

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