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Coca-Cola going better with $106 million contribution to pension funds

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Coca-Cola Co., Atlanta, plans to make $106 million in contributions to its pension plans in 2017, the company disclosed in its 10-K filing with the Securities and Exchange Commission.

The company said the filing that the majority of the contributions are discretionary and “will be allocated to our international plans.” It did not specify how much will go into the international plans.

Coca-Cola Co. contributed $718 million to the pension funds in 2016.

As of Dec. 31, pension plan assets totaled $8.37 billion, while projected benefit obligations totaled $9.43 billion, for a funding ratio of 88.8%, up from 84% the prior year.

While the company did not break down U.S. vs. non-U.S. assets, the Feb. 24 filing did say that the primary U.S. pension plan, which covers non-union employees, had about $4.9 billion in assets and $5.75 billion in projected benefit obligations as of that same date, for a funding ratio of 85.2%.