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Covestro AG (STU:1COV) PensionAndRetirementBenefit : €421 Mil (As of Mar. 2024)


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What is Covestro AG PensionAndRetirementBenefit?

Covestro AG's PensionAndRetirementBenefit for the quarter that ended in Mar. 2024 was €421 Mil.

Covestro AG's quarterly PensionAndRetirementBenefit increased from Sep. 2023 (€340 Mil) to Dec. 2023 (€468 Mil) but then declined from Dec. 2023 (€468 Mil) to Mar. 2024 (€421 Mil).

Covestro AG's annual PensionAndRetirementBenefit declined from Dec. 2021 (€1,202 Mil) to Dec. 2022 (€490 Mil) and declined from Dec. 2022 (€490 Mil) to Dec. 2023 (€468 Mil).

Covestro AG PensionAndRetirementBenefit Historical Data

The historical data trend for Covestro AG'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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Covestro AG PensionAndRetirementBenefit Chart

Covestro AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PensionAndRetirementBenefit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,969.00 2,127.00 1,202.00 490.00 468.00

Covestro AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PensionAndRetirementBenefit 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 462.00 445.00 340.00 468.00 421.00

Covestro AG 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.

Covestro AG (STU:1COV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (STU:1COV) » Definitions » PensionAndRetirementBenefit
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Traded in Other Exchanges
COVTY:USA CVVTF:USA 11COV:Italy 1COVd:UK 0RBE:UK 1COV:Germany 1COV:Austria
Address
Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Website
https://www.covestro.com/en
Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG (STU:1COV) Headlines

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