Schlumberger Ltd., Houston, plans to contribute roughly $200 million total to its postretirement benefit plans in 2017, subject to market and business conditions,said the company's recently filed 10-K.
Last year, the company contributed $4 million to its U.S. pension plans and $130 million to its international plans, according to the filing.
As of Dec. 31, the company's U.S. defined benefit assets and projected benefit obligations totaled $3.63 billion and $4.24 billion, respectively, for a funded status of 85.6%.
As of the same date, Schlumberger's international DB assets and projected benefit obligations totaled $7.19 billion and $7.79 billion, respectively, for a funded status of 92.3%.
The discount rates used to measure pension obligations for the U.S. and international plans were 4.5% and 4.36%, respectively, compared to 4.15% and 4.07% in 2015.
At the end of 2016, the U.S. plans had an asset allocation of 52% equities, 37% debt, 9% alternatives and 2% cash. The international plans had an asset allocation of 64% equities, 27% debt, 7% alternatives and 2% cash.
A spokesman could not immediately be reached for additional information.