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Pension Funds

Kimberly-Clark expects to contribute $100 million to pension funds in 2018

Kimberly-Clark Corp., Irving, Texas, disclosed in its 10-K filing Thursday that it plans to contribute up to $100 million total to its U.S. and U.K. defined benefit plans in 2018.

The company did not break down how the contributions will be made between the two countries. Kimberly-Clark contributed $53 million to the pension funds in 2017 and $108 million in 2016.

As of Dec. 31, the principal U.S. and U.K. defined benefit plan assets totaled $3.312 billion, while projected benefit obligations totaled $3.567 billion, for a funding ratio of 92.9%. The filing did not break out assets by country, but it did note that about half the assets are in the U.S. qualified and non-qualified plans. The discount rate to determine benefit obligations fell to 3.1% in 2017 from 3.19% the previous year.

Also as of Dec. 31, the asset allocation of the U.S. and U.K. plans was 22% global equities, 20.7% U.S. corporate fixed income, 20.3% U.S. government and municipal fixed income, 20.1% international fixed income, 10.1% insurance contracts, 4% international equities, 1.6% in cash and cash equivalents, and 1.2% domestic equities.