SKF AB (SKF AB) PensionAndRetirementBenefit

: $858 Mil (As of Dec. 2023)

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SKF AB's PensionAndRetirementBenefit for the quarter that ended in Dec. 2023 was $858 Mil.

SKF AB's quarterly PensionAndRetirementBenefit declined from Jun. 2023 ($814 Mil) to Sep. 2023 ($753 Mil) but then increased from Sep. 2023 ($753 Mil) to Dec. 2023 ($858 Mil).

SKF AB's annual PensionAndRetirementBenefit declined from Dec. 2021 ($1,296 Mil) to Dec. 2022 ($843 Mil) but then increased from Dec. 2022 ($843 Mil) to Dec. 2023 ($858 Mil).

SKF AB PensionAndRetirementBenefit Historical Data

The historical data trend for SKF AB'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.

* Premium members only.

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PensionAndRetirementBenefit

1,629.07

1,813.92

1,296.10

842.94

857.61

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PensionAndRetirementBenefit																842.94	821.47	813.81	753.19	857.61

SKF AB 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.

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » PensionAndRetirementBenefit

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.