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Molson Coors expects to brew up pension contribution of up to $120 million

Molson Coors Brewing Co., Denver, expects to contribute between $100 million and $120 million to its global defined benefit plans in 2017, according to the company's recent 10-K filing.

As of Dec. 31, the company had $5.9 billion in DB assets and $6.2 billion in benefit obligations for a funded status of 95.2%, according to the 10-K. As of the same date, the DB plans had an aggregate asset allocation of 62.7% fixed income (vs. a 65.9% target), 24.4% equities (23.7%), 8.9% other (6.4%), 2.2% real estate (2.2%) and 1.8% hedge funds (1.8%).

A spokesman could not immediately be reached for additional information.