Magna International (Magna International) PensionAndRetirementBenefit : $591 Mil (As of Dec. 2023)

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What is Magna International PensionAndRetirementBenefit?

Magna International's PensionAndRetirementBenefit for the quarter that ended in Dec. 2023 was $591 Mil.

Magna International's quarterly PensionAndRetirementBenefit declined from Jun. 2023 ($579 Mil) to Sep. 2023 ($564 Mil) but then increased from Sep. 2023 ($564 Mil) to Dec. 2023 ($591 Mil).

Magna International's annual PensionAndRetirementBenefit declined from Dec. 2021 ($700 Mil) to Dec. 2022 ($548 Mil) but then increased from Dec. 2022 ($548 Mil) to Dec. 2023 ($591 Mil).

Magna International PensionAndRetirementBenefit Historical Data

The historical data trend for Magna International's PensionAndRetirementBenefit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magna International PensionAndRetirementBenefit Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PensionAndRetirementBenefit

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677.00

729.00

700.00

548.00

591.00

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PensionAndRetirementBenefit	Get a 7-Day Free Trial															548.00	563.00	579.00	564.00	591.00

Magna International PensionAndRetirementBenefit Calculation

PensionAndRetirementBenefit is the carrying amount as of the balance sheet date of the portion of the obligations recognized for the various benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement.

Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » PensionAndRetirementBenefit

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.