Fortune Brands Inc., Lincolnshire, Ill., plans to contribute $40 million in cash to fund existing liabilities in its qualified defined benefit plan, according to a 10-Q filing with the SEC. A "significant portion of the contribution will be made in the third quarter of 2003, according to the filing. In its annual report filed earlier this year, the company said it would contribute $30 million to fund pension liabilities. The companys total defined benefit cash contribution in 2002 was $16.4 million, according to the filing.
Fortune Brands has $623 million in defined benefits assets, according to SEC filings.