Whirlpool to pour $140 million into U.S. pension plans in 2013
By Timothy Pollard | January 31, 2013 3:53 pm
Whirlpool Corp., Benton Harbor, Mich., expects to make $140 million in cash contributions to its U.S. pension plans in 2013.
According to the cash-flow statement in the Whirlpool's fourth-quarter earnings release, the company made payments of $227 million to “accrued pension and postretirement benefits” in 2012.
According to Pensions & Investments data, Whirlpool had an estimated $2.9 billion in U.S. defined benefit assets as of Sept. 30.
As of Dec. 31, 2011, the asset allocation for its combined U.S. and foreign defined benefit assets was 50.5% fixed income, 39.7% equities, 7% private equity, 1.9% cash, 0.5% real estate and 0.4% other, according to Whirlpool's most recent 10-K.