Otis Worldwide Non-service pension and postretirement benefit expense decreased by 100.0% to $0.00 in Q1 2026 compared to the prior quarter. Over 3 years (FY 2021 to FY 2024), Non-service pension and postretirement benefit expense shows a downward trend with a -100.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
A decrease in expense (or an increase in income) typically reflects favorable market returns on plan assets or adjustments in actuarial assumptions, improving bottom-line profitability.
This metric captures the non-service components of net periodic benefit costs, such as interest costs, expected returns...
Varies significantly based on the maturity of the workforce and the funding status of legacy pension plans across the utility sector.
non_service_pension_and_postretirement_expense| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.00M | $2.00M | $5.00M | $0.00 | $1.00M | $1.00M | $0.00 | $0.00 | $1.00M | $0.00 | $4.00M | $0.00 | -$1.00M | $1.00M | $0.00 | $0.00 | $0.00 | $4.00M | $0.00 |
| QoQ Change | — | +0.0% | +150.0% | -100.0% | — | +0.0% | -100.0% | — | — | -100.0% | — | -100.0% | — | +200.0% | -100.0% | — | — | — | -100.0% |
| YoY Change | — | — | — | — | -50.0% | -50.0% | -100.0% | — | +0.0% | -100.0% | — | — | -200.0% | — | -100.0% | — | +100.0% | +300.0% | — |