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Whirlpool to pour $140 million into U.S. pension plans in 2013

Whirlpool worker
Whirlpool employee places fabric in a washing machine during a product test

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.