Xerox Corp., Stamford, Conn., said it contributed $210 million to its U.S. pension plans last month to eliminate the $7.1 billion plans' funding shortfalls, according to its 10-Q filing. The company's overall estimated 2004 contribution to its worldwide pension plans increased to $277 million, more than four times the amount Xerox predicted in late February. Xerox made the contribution after reviewing its liquidity position and the results of this year's actuarial valuation, the filing said.
Xerox officials also said they expect the company to incur $17 million in restructuring charges later this year, mainly related to additional pension settlement costs.
A Xerox spokesman declined comment.