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Otis Worldwide (WBO:OTIS) PensionAndRetirementBenefit : €416 Mil (As of Sep. 2024)


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What is Otis Worldwide PensionAndRetirementBenefit?

Otis Worldwide's PensionAndRetirementBenefit for the quarter that ended in Sep. 2024 was €416 Mil.

Otis Worldwide's quarterly PensionAndRetirementBenefit declined from Mar. 2024 (€416 Mil) to Jun. 2024 (€413 Mil) but then increased from Jun. 2024 (€413 Mil) to Sep. 2024 (€416 Mil).

Otis Worldwide's annual PensionAndRetirementBenefit declined from Dec. 2021 (€587 Mil) to Dec. 2022 (€456 Mil) but then increased from Dec. 2022 (€456 Mil) to Dec. 2023 (€511 Mil).

Otis Worldwide PensionAndRetirementBenefit Historical Data

The historical data trend for Otis Worldwide'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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Otis Worldwide PensionAndRetirementBenefit Chart

Otis Worldwide Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PensionAndRetirementBenefit
Get a 7-Day Free Trial 618.30 630.47 586.76 455.95 510.77

Otis Worldwide Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 365.43 510.77 415.84 413.41 416.26

Otis Worldwide 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.

Otis Worldwide Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » PensionAndRetirementBenefit
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Traded in Other Exchanges
OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil
Address
One Carrier Place, Farmington, CT, USA, 06032
Website
https://www.otis.com
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.