Southern Company Prepaid pension costs increased by 12.4% to $2.57B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 27.5%, from $2.02B to $2.57B. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates a stronger pension funding position, while a decrease suggests market volatility or increased benefit obligations.
This represents the amount by which the fair value of pension plan assets exceeds the projected benefit obligation. It i...
Common for mature companies with legacy defined benefit pension plans.
non_current_assets_prepaid_pension_costs| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $1.66B | $1.77B | $1.89B | $2.02B | $2.29B | $2.57B |
| QoQ Change | — | +6.9% | +6.8% | +6.7% | +13.4% | +12.4% |
| YoY Change | — | — | — | — | +38.2% | +27.5% |