Raytheon Co., Waltham, Mass., expects to make required contributions of $936 million to its defined benefit plans in 2018, according to its 10-K filed with the Securities and Exchange Commission Wednesday.
The company contributed $1.64 billion to its DB plans in 2017 — $615 million of which was required and $1 billion in discretionary contributions.
Raytheon had $21 billion in assets for its global defined benefit plans as of Dec. 31; $20.1 billion for its domestic qualified plans and the rest for its foreign plans. The plans had $28.57 billion in liabilities for a funding ratio of 73.5% as of Dec. 31, up from 72.1% the year before.
The company's discount rate to measure benefit obligation for its U.S. DB plans was 3.72% as of Dec. 31, and 4.36% as of Dec. 31, 2016.
The asset allocation ranges for the plan for the year ended Dec. 31 were: U.S. equities, 20% to 35%; fixed income, 20% to 45%; international equities, 10% to 25%; private equity and private real estate, 10% to 20%; cash, up to 10%; real assets, up to 4%; and other, 5% to 15%.