Defined Benefit Pension Plan Liabilities (Non-Current)
Phillips 66 Defined Benefit Pension Plan Liabilities (Non-Current) decreased by 1.9% to $562.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 18.6%, from $690.00M to $562.00M. Over 5 years (FY 2020 to FY 2025), Defined Benefit Pension Plan Liabilities (Non-Current) shows a downward trend with a -15.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase indicates a growing pension deficit, potentially requiring higher future cash contributions, while a decrease signals improved funding status.
Detailed definition
This represents the long-term liability recognized when the projected benefit obligation of a defined benefit pension pl...
Peer comparison
Standard for mature companies with legacy pension obligations to their workforce.
defined_benefit_plan_liabilities_noncurrentHistorical 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 | $1.15B | $1.12B | $1.06B | $1.05B | $971.00M | $1.02B | $937.00M | $931.00M | $924.00M | $581.00M | $630.00M | $613.00M | $626.00M | $662.00M | $703.00M | $690.00M | $611.00M | $562.00M | $573.00M | $562.00M |
| QoQ Change | — | -2.2% | -6.1% | -0.6% | -7.4% | +5.1% | -8.2% | -0.6% | -0.8% | -37.1% | +8.4% | -2.7% | +2.1% | +5.8% | +6.2% | -1.8% | -11.4% | -8.0% | +2.0% | -1.9% |
| YoY Change | — | — | — | — | -15.4% | -9.1% | -11.2% | -11.2% | -4.8% | -43.1% | -32.8% | -34.2% | -32.3% | +13.9% | +11.6% | +12.6% | -2.4% | -15.1% | -18.5% | -18.6% |
Defined Benefit Pension Plan Liabilities (Non-Current) at Other Companies
Frequently Asked Questions
- What is Phillips 66's defined benefit pension plan liabilities (non-current)?
- Phillips 66 (PSX) reported defined benefit pension plan liabilities (non-current) of $562.00M in Q1 2026.
- How has Phillips 66's defined benefit pension plan liabilities (non-current) changed year-over-year?
- Phillips 66's defined benefit pension plan liabilities (non-current) decreased by 18.6% year-over-year, from $690.00M to $562.00M.
- What is the long-term trend for Phillips 66's defined benefit pension plan liabilities (non-current)?
- Over 5 years (2020 to 2025), Phillips 66's defined benefit pension plan liabilities (non-current) has grown at a -15.6% compound annual growth rate (CAGR), from $1.34B to $573.00M.
- What does defined benefit pension plan liabilities (non-current) mean?
- The long-term shortfall in funding for company-sponsored pension plans.