Retirement and nonpension postretirement benefit obligations
Phillips 66 Retirement and nonpension postretirement benefit obligations decreased by 1.9% to $562.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.6%, from $690.00M to $562.00M. Over 5 years (FY 2020 to FY 2025), Retirement and nonpension postretirement benefit obligations shows a downward trend with a -15.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal underfunded plans requiring future cash contributions, while a decrease suggests improved funding status.
Detailed definition
This represents the long-term liability associated with defined benefit pension plans and other post-retirement benefits...
Peer comparison
Highly dependent on legacy workforce size and plan structure; common in mature industrial manufacturing firms.
non_current_liabilities_pension_and_other_postretirement_0d4947Historical Data
| 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.15B | $1.12B | $1.06B | $1.05B | $971.00M | $1.02B | $937.00M | $931.00M | $924.00M | $581.00M | $630.00M | $613.00M | $626.00M | $662.00M | $703.00M | $690.00M | $611.00M | $562.00M | $573.00M | $562.00M |
| QoQ Change | — | -2.2% | -6.1% | -0.6% | -7.4% | +5.1% | -8.2% | -0.6% | -0.8% | -37.1% | +8.4% | -2.7% | +2.1% | +5.8% | +6.2% | -1.8% | -11.4% | -8.0% | +2.0% | -1.9% |
| YoY Change | — | — | — | — | -15.4% | -9.1% | -11.2% | -11.2% | -4.8% | -43.1% | -32.8% | -34.2% | -32.3% | +13.9% | +11.6% | +12.6% | -2.4% | -15.1% | -18.5% | -18.6% |
Retirement and nonpension postretirement benefit obligations at Other Companies
Frequently Asked Questions
- What is Phillips 66's retirement and nonpension postretirement benefit obligations?
- Phillips 66 (PSX) reported retirement and nonpension postretirement benefit obligations of $562.00M in Q1 2026.
- How has Phillips 66's retirement and nonpension postretirement benefit obligations changed year-over-year?
- Phillips 66's retirement and nonpension postretirement benefit obligations decreased by 18.6% year-over-year, from $690.00M to $562.00M.
- What is the long-term trend for Phillips 66's retirement and nonpension postretirement benefit obligations?
- Over 5 years (2020 to 2025), Phillips 66's retirement and nonpension postretirement benefit obligations has grown at a -15.6% compound annual growth rate (CAGR), from $1.34B to $573.00M.
- What does retirement and nonpension postretirement benefit obligations mean?
- Long-term obligations for employee pension and retirement benefits.