The most popular refactorings have been stated, and I entirely agree with them.
Code formatter (Source, Format or Ctrl Shift F) is one of the features of the IDE I use very often. True, it is not refactoring, but it improves code readability while maintaining your coding style: simply head to Preferences, Java, Code Style, Formatter and tell Eclipse how you want your code to look!
Generate Getters and Setters is also a feature I find to save time when writing Java beans.