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McCormick & Company, Incorporated MKC Defined Benefit Plan Healthcare Cost Trend Rate

Defined Benefit Plan Healthcare Cost Trend Rate at other companies

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General MillsGIS
4.5%0.0pp

Other financials

Income statement

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Revenue$1.9B+16.7%
Gross profit$708.9M+17.4%
Operating income$227.5M+1.0%
Net income$1.0B+526%
EPS (diluted)$3.77+528%

Balance sheet

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Cash & equivalents$177.7M+72.9%
Total debt$4.9B+38.3%
Total equity$7.0B+28.7%
Total assets$16.3B+26.7%

Cash flow

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Operating cash flow$50.9M-55.9%
CapEx$32.5M-12.4%
Free cash flow$18.4M-76.5%

Valuation

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Market cap$12.54B-13.9%
Enterprise value$17.28B-7.0%
P/E7.6×-10.9×
P/S1.8×-0.4×

Profitability

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Gross margin37.9%-0.6pp
Operating margin15.1%-0.5pp
Net margin23.1%+11.4pp
FCF margin9.6%0.0pp

Returns & leverage

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Return on equity26.5%+11.8pp
Debt / equity0.7×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by McCormick & Company, Incorporated in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear.

The official record: McCormick & Company, Incorporated’s 10-K, filed January 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McCormick & Company, Incorporated's defined benefit plan healthcare cost trend rate?
McCormick & Company, Incorporated (MKC) reported defined benefit plan healthcare cost trend rate of 13.8% in Q3 2025.
How has McCormick & Company, Incorporated's defined benefit plan healthcare cost trend rate changed year-over-year?
McCormick & Company, Incorporated's defined benefit plan healthcare cost trend rate increased by 81.6% year-over-year, from 7.6% to 13.8%.
What is the long-term trend for McCormick & Company, Incorporated's defined benefit plan healthcare cost trend rate?
Over 5 years (2020 to 2025), McCormick & Company, Incorporated's defined benefit plan healthcare cost trend rate has grown at a 15.2% compound annual growth rate (CAGR), from 6.8% to 13.8%.
What does defined benefit plan healthcare cost trend rate mean?
The estimated annual percentage increase in healthcare costs used to calculate future pension or benefit obligations.
How do you interpret defined benefit plan healthcare cost trend rate?
A higher trend rate increases the projected benefit obligation and future expenses, potentially lowering long-term profitability.
How does defined benefit plan healthcare cost trend rate compare across companies?
Benchmarkable against industry-standard actuarial tables and peer companies with similar legacy benefit structures.