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Michelin (XPAR:ML) Other Income (Expense) : €-730 Mil (TTM As of Dec. 2023)


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What is Michelin Other Income (Expense)?

Michelin's other income expense for the Michelin's pretax income for the six months ended in Dec. 2023 was €-788 Mil. Its other income expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-730 Mil.

Michelin Other Income (Expense) Historical Data

The historical data trend for Michelin's Other Income (Expense) 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.

* Premium members only.

Michelin Other Income (Expense) Chart

Michelin Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Other Income (Expense)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -368.00 -464.00 -245.00 -146.00 -730.00

Michelin Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Other Income (Expense) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -298.00 -168.00 22.00 58.00 -788.00

Michelin Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-730 Mil.

* 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.

Michelin  (XPAR:ML) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Michelin (XPAR:ML) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (XPAR:ML) » Definitions » Other Income (Expense)
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XPAR:FR XPAR:FRVIA XPAR:POM XPAR:BUR XPAR:AKW XPAR:ALDEL XPAR:ALATI XPAR:PVL TSE:7315 TSE:6902 TSE:5108 MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802
Traded in Other Exchanges
MGDDY:USA MGDDF:USA MLp:UK 0OFM:UK MCHA:Germany
Address
23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Website
https://www.michelin.com
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segment.