Non-service pension and postretirement benefit expense
Philip Morris International Non-service pension and postretirement benefit expense decreased by 155.6% to -$5.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 141.7%, from $12.00M to -$5.00M. Over 4 years (FY 2021 to FY 2025), Non-service pension and postretirement benefit expense shows a downward trend with a -20.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase indicates higher non-operating costs, often due to lower discount rates or poor plan asset performance, which reduces net income.
Detailed definition
This represents the non-service components of net periodic benefit costs, such as interest costs, expected return on pla...
Peer comparison
Standard across large-cap companies with legacy defined benefit plans; peers often report this within non-operating income or expense lines.
non_service_pension_and_postretirement_expenseHistorical 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 | $27.00M | $27.00M | $33.00M | $4.00M | $5.00M | $7.00M | $8.00M | $22.00M | $6.00M | $8.00M | $9.00M | $15.00M | $14.00M | $15.00M | $16.00M | $12.00M | $11.00M | $14.00M | $9.00M | -$5.00M |
| QoQ Change | — | +0.0% | +22.2% | -87.9% | +25.0% | +40.0% | +14.3% | +175.0% | -72.7% | +33.3% | +12.5% | +66.7% | -6.7% | +7.1% | +6.7% | -25.0% | -8.3% | +27.3% | -35.7% | -155.6% |
| YoY Change | — | — | — | — | -81.5% | -74.1% | -75.8% | +450.0% | +20.0% | +14.3% | +12.5% | -31.8% | +133.3% | +87.5% | +77.8% | -20.0% | -21.4% | -6.7% | -43.8% | -141.7% |
Non-service pension and postretirement benefit expense at Other Companies
Frequently Asked Questions
- What is Philip Morris International's non-service pension and postretirement benefit expense?
- Philip Morris International (PM) reported non-service pension and postretirement benefit expense of -$5.00M in Q1 2026.
- How has Philip Morris International's non-service pension and postretirement benefit expense changed year-over-year?
- Philip Morris International's non-service pension and postretirement benefit expense decreased by 141.7% year-over-year, from $12.00M to -$5.00M.
- What is the long-term trend for Philip Morris International's non-service pension and postretirement benefit expense?
- Over 4 years (2021 to 2025), Philip Morris International's non-service pension and postretirement benefit expense has grown at a -20.5% compound annual growth rate (CAGR), from $115.00M to $46.00M.
- What does non-service pension and postretirement benefit expense mean?
- The portion of pension and postretirement benefit costs driven by financial market factors rather than employee service.