What is Lockheed Martin's future pension and postretirement benefit obligations?

Lockheed Martin (LMT) reported future pension and postretirement benefit obligations of $3.92B in Q1 2026.

What is the long-term trend for Lockheed Martin's future pension and postretirement benefit obligations?

Over 5 years (2020 to 2025), Lockheed Martin's future pension and postretirement benefit obligations has grown at a -21.2% compound annual growth rate (CAGR), from $12.87B to $3.92B.

Other

Future pension and postretirement benefit obligations

Lockheed Martin Future pension and postretirement benefit obligations 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), Future pension and postretirement benefit obligations 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

SectionOther

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2014

Last reportedQ1 2026Apr 23, 2026

How to read this metric

An increase indicates a growing unfunded pension liability, which may require future cash contributions, while a decrease suggests improved funding status.

Detailed definition

This represents the long-term actuarial obligation for defined benefit pension plans that exceed the fair value of plan...

Peer comparison

Highly dependent on discount rates and actuarial assumptions, making it comparable across companies with legacy pension plans.

Metric ID: other_defined_benefit_pension_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 future pension and postretirement benefit obligations?: Lockheed Martin (LMT) reported future pension and postretirement benefit obligations of $3.92B in Q1 2026.
How has Lockheed Martin's future pension and postretirement benefit obligations changed year-over-year?: Lockheed Martin's future pension and postretirement benefit obligations decreased by 18.5% year-over-year, from $4.82B to $3.92B.
What is the long-term trend for Lockheed Martin's future pension and postretirement benefit obligations?: Over 5 years (2020 to 2025), Lockheed Martin's future pension and postretirement benefit obligations has grown at a -21.2% compound annual growth rate (CAGR), from $12.87B to $3.92B.
What does future pension and postretirement benefit obligations mean?: The long-term debt owed to employee pension plans that is not covered by current plan assets.