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3M plans $100 million to $200 million contribution to pension funds

3M Co., St. Paul, Minn., plans to contribute $100 million to $200 million to its global pension and post-retirement plans this year, according to the company's 10-K filing Thursday with the SEC.

The company contributed $476 million in 2013; $1.08 billion in 2012, $517 million in 2011; $600 million in 2010 and $1.4 billion in 2009.

3M's global pension and post-retirement plans were 94% funded as of Dec. 31. The primary U.S. defined benefit plan, which was closed to new participants on Jan. 1, 2009, was 103% funded and the international pension plans were 91% funded, both as of Dec. 31.

Assets in the U.S. plan totaled $13.89 billion as of Dec. 31, up 0.8% from a year earlier, according to the filing with the Securities and Exchange Commission. 3M's international pension plans had $5.76 billion in assets, up 10.3% from the end of 2012.

The U.S. plan returned 6.02% in 2013; it has a long-term expected rate of return of 7.75% for 2014, a decrease of 0.25 percentage points from 2013.

The U.S. plan's asset allocation is 34% fixed income, 25% equities, 19% private equity, 12% absolute return, 9% cash and 1% commodities, according to the 10-K.