Covestro AG (Covestro AG) Other Operating Expense : $-78 Mil (TTM As of Dec. 2023)

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What is Covestro AG Other Operating Expense?

Covestro AG's Other Operating Expense for the three months ended in Dec. 2023 was $7 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-78 Mil.

Covestro AG's quarterly Other Operating Expense declined from Jun. 2023 ($-41 Mil) to Sep. 2023 ($-53 Mil) but then increased from Sep. 2023 ($-53 Mil) to Dec. 2023 ($7 Mil).

Covestro AG's annual Other Operating Expense declined from Dec. 2021 ($-11 Mil) to Dec. 2022 ($-31 Mil) and declined from Dec. 2022 ($-31 Mil) to Dec. 2023 ($-80 Mil).

Covestro AG Other Operating Expense Historical Data

The historical data trend for Covestro AG's Other Operating 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.

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Covestro AG Other Operating Expense Chart

Covestro AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Operating Expense

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-133.33

36.50

-11.30

-30.72

-79.61

Covestro AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Other Operating Expense	Get a 7-Day Free Trial															8.47	9.64	-41.17	-53.36	6.54

Covestro AG Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-78 Mil.

Covestro AG Other Operating Expense Related Terms

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Covestro AG (Covestro AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (OTCPK:COVTY) » Definitions » Other Operating Expense

Comparable Companies

Traded in Other Exchanges

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 (Covestro AG) Headlines

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