Discontinued — last reported Q3 '22
American Electric Power Non-service pension and postretirement benefit expense decreased by 16.9% to -$55.20M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 16.9%, from -$47.20M to -$55.20M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase indicates higher non-operating costs, often due to lower discount rates or poor plan asset performance, which reduces net income.
This represents the non-service components of net periodic benefit costs, such as interest costs, expected return on pla...
Standard across large-cap companies with legacy defined benefit plans; peers often report this within non-operating income or expense lines.
is_non_service_pension_and_postretirement_expense| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | -$29.70M | -$29.60M | -$29.70M | -$47.20M | -$47.10M | -$47.20M | -$55.20M |
| QoQ Change | — | +0.3% | -0.3% | -58.9% | +0.2% | -0.2% | -16.9% |
| YoY Change | — | — | — | — | -58.6% | -59.5% | -16.9% |