Covestro AG (Covestro AG) PensionAndRetirementBenefit : $510 Mil (As of Dec. 2023)

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What is Covestro AG PensionAndRetirementBenefit?

Covestro AG's PensionAndRetirementBenefit for the quarter that ended in Dec. 2023 was $510 Mil.

Covestro AG's quarterly PensionAndRetirementBenefit declined from Jun. 2023 ($482 Mil) to Sep. 2023 ($363 Mil) but then increased from Sep. 2023 ($363 Mil) to Dec. 2023 ($510 Mil).

Covestro AG's annual PensionAndRetirementBenefit declined from Dec. 2021 ($1,358 Mil) to Dec. 2022 ($519 Mil) and declined from Dec. 2022 ($519 Mil) to Dec. 2023 ($510 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

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2,187.78

2,587.59

1,358.19

519.07

510.36

Covestro AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PensionAndRetirementBenefit	Get a 7-Day Free Trial															519.07	494.65	482.12	362.86	510.36

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 (Covestro AG) Business Description

Industry

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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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