What is Lockheed Martin's defined benefit pension plan liabilities (non-current)?

Lockheed Martin (LMT) reported defined benefit pension plan liabilities (non-current) of $3.92B in Q1 2026.

What is the long-term trend for Lockheed Martin's defined benefit pension plan liabilities (non-current)?

Over 5 years (2020 to 2025), Lockheed Martin's defined benefit pension plan liabilities (non-current) has grown at a -21.2% compound annual growth rate (CAGR), from $12.87B to $3.92B.

Non-Current Liabilities

Defined Benefit Pension Plan Liabilities (Non-Current)

Lockheed Martin Defined Benefit Pension Plan Liabilities (Non-Current) increased by 0.2% to $3.92B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.5%, from $4.82B to $3.92B. Over 5 years (FY 2020 to FY 2025), Defined Benefit Pension Plan Liabilities (Non-Current) shows a downward trend with a -21.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

CategoryRisk

SignalLower is better

VolatilityModerate

First reportedQ4 2014

Last reportedQ1 2026Apr 23, 2026

How to read this metric

An increase suggests higher future funding requirements or unfavorable actuarial assumptions, while a decrease indicates improved plan funding status.

Detailed definition

This represents the long-term financial obligation of the company to provide retirement benefits to employees under defi...

Peer comparison

Common among large industrial and defense firms with legacy workforces; peers often report this as a net pension liability.

Metric ID: defined_benefit_plan_liabilities_noncurrent

Historical Data

20 periods

	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	$12.41B	$9.35B	$8.32B	$8.14B	$5.81B	$5.75B	$5.47B	$5.42B	$5.37B	$5.32B	$6.16B	$6.13B	$6.11B	$6.08B	$4.79B	$4.82B	$4.84B	$4.86B	$3.92B	$3.92B
QoQ Change	—	-24.7%	-11.0%	-2.1%	-28.7%	-1.1%	-4.8%	-0.9%	-0.9%	-0.9%	+15.8%	-0.5%	-0.5%	-0.5%	-21.2%	+0.5%	+0.5%	+0.5%	-19.5%	+0.2%
YoY Change	—	—	—	—	-53.2%	-38.6%	-34.2%	-33.4%	-7.5%	-7.3%	+12.6%	+13.1%	+13.6%	+14.2%	-22.2%	-21.5%	-20.8%	-20.0%	-18.3%	-18.5%

Range$3.92B – $12.41B

CAGR-21.5%

Avg YoY Growth-15.1%

Median YoY Growth-19.3%

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Frequently Asked Questions

What is Lockheed Martin's defined benefit pension plan liabilities (non-current)?: Lockheed Martin (LMT) reported defined benefit pension plan liabilities (non-current) of $3.92B in Q1 2026.
How has Lockheed Martin's defined benefit pension plan liabilities (non-current) changed year-over-year?: Lockheed Martin's defined benefit pension plan liabilities (non-current) decreased by 18.5% year-over-year, from $4.82B to $3.92B.
What is the long-term trend for Lockheed Martin's defined benefit pension plan liabilities (non-current)?: Over 5 years (2020 to 2025), Lockheed Martin's defined benefit pension plan liabilities (non-current) has grown at a -21.2% compound annual growth rate (CAGR), from $12.87B to $3.92B.
What does defined benefit pension plan liabilities (non-current) mean?: The long-term debt the company owes to its pension plans for future employee retirement benefits.