How do you interpret industrial activities — pre-tax non-cash settlement charge?

An increase indicates a significant structural change in benefit plan obligations, often resulting in a one-time accounting hit.

How does industrial activities — pre-tax non-cash settlement charge compare across companies?

Reported by companies undergoing pension plan restructuring or de-risking activities.

CNH Industrial N.V. CNH Industrial Activities — Pre-tax non-cash settlement charge

Discontinued — last reported Q4 '20

Similar metrics at other companies

PPGPension settlement charge

$0—

LIIPension settlements

$100K0.0%

CHDConsumer International — Defined Benefit Plan Estimated One Time Settlements Net Of Tax

$7.88M—

ZTSCertain Significant Items — Dedicated Pension Plans Settlement Chargefor Contract Termination

$1M—

DOWIndustrial Intermediates & Infrastructure — Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment

$0—

DDIndustrial Intermediates And Infrastructure — Defined Benefit Plan Net Periodic Benefit Cost Credit Gain Loss Dueto Settlementand Curtailment Including Adjustments

$0—

Other financials

Income statement

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Revenue$3.8B-0.1%

Gross profit$1.2B-3.0%

Net income$7.0M-94.7%

EPS (diluted)$0.01-90.0%

Balance sheet

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Cash & equivalents$1.6B-5.4%

Total debt$26.2B-0.4%

Total equity$7.4B+31.9%

Total assets$42.0B0.0%

Cash flow

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Operating cash flow$35.0M-78.4%

Valuation

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Market cap$12.97B-11.0%

Enterprise value$37.56B-4.2%

P/E33.6×+19.2×

P/S0.7×-0.1×

Profitability

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Gross margin31.3%-1.2pp

Net margin2.1%-3.2pp

Returns & leverage

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Return on equity33.5%—

Debt / equity3.2×—

Where this comes from

Reported directly by CNH Industrial N.V. in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanBenefitObligationIncreaseDecreaseForRemeasurementDueToSettlement.

The official record: CNH Industrial N.V.’s 10-K/A, filed November 30, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial activities — pre-tax non-cash settlement charge mean?: A non-cash accounting charge resulting from the settlement of employee benefit obligations.
How do you interpret industrial activities — pre-tax non-cash settlement charge?: An increase indicates a significant structural change in benefit plan obligations, often resulting in a one-time accounting hit.
How does industrial activities — pre-tax non-cash settlement charge compare across companies?: Reported by companies undergoing pension plan restructuring or de-risking activities.