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DEFINED BENEFIT

Abbott Laboratories cooks up $364 million pension contribution for 2017

Abbott Laboratories, Abbott Park, Ill., plans to contribute roughly $364 million total to its pension plans in 2017, the company's recently filed 10-K shows.

Of that, roughly $270 million will be contributed to it main domestic pension plan.

Abbott contributed $582 million and $579 million total to its pension plans in 2016 and 2015, respectively.

The company's defined benefit assets and projected benefit obligations totaled $7.54 billion and $8.52 billion, respectively, for a funded status of 88.5% as of Dec. 31, up from 86.6% at the end of 2015.

Abbott did not break out U.S. vs. non-U.S. plan assets.

At the end of December, the asset allocation of the plans was 23.76% absolute return funds, 23.74% U.S. large-cap equities, 16.9% international equities, 10.22% corporate debt instruments, 6.9% U.S. midcap equities, 6.46% non-U.S. government securities, 5.49% U.S. government securities, 2.3% other fixed-income securities, 1.26% cash, 1.06% commodities and the remainder in other.