Several companies revealed contributions already made — or expected to be made — to their pension plans in recent Securities and Exchange Commission filings.
• ChevronTexaco Corp., San Ramon, Calif., contributed $1.2 billion to its worldwide pension plans in the first three quarters of 2004 and plans to add another $100 million in the fourth quarter, according to a company filing with the SEC. The company had expected to contribute a total of $785 million this year. All but $21 million of funding so far this year has gone to ChevronTexaco's $5.2 billion U.S. defined benefit plan.
• Emerson Electric Co., St. Louis, contributed $167 million to its pension plan in the year ended Sept. 30, down from $308 million a year earlier, according to the company's quarterly report. As of Sept. 30, 2003, Emerson had $1.962 billion in U.S. pension assets and $326 million in non-U.S. pension assets, and $2.264 billion in U.S. pension liabilities and $526 billion in non-U.S. pension liabilities, according to its annual report.
• Illinois Tool Works Inc., Glenview, Ill., expects to contribute a total of about $135.6 million to its pension plans in 2004, according to the firm's third-quarter report filed with the SEC. In the company's second-quarter report, officials anticipated contributing $120.1 million. The filing did not specify why officials raised the estimate. The company had contributed about $112.8 million to the plans as of Sept. 30, according to the report. The plans had combined assets of $1.2 billion as of Sept. 30, 2003, and were underfunded by about $246.6 million, according to the company's March 10-K form, the most recent information available.
• E.I. du Pont de Nemours & Co. Inc., Wilmington, Del., expects to contribute $50 million to its pension plans, according to an SEC filing. The company contributed $377 million to the plans in 2004 through Sept. 30. The company has voluntarily contributed $300 million to its principal U.S. pension plan in the third quarter but company officials have not decided whether to make additional contributions, according to the filing. DuPont has $18 billion in pension assets.
• Accenture Ltd., Chicago, expects to contribute $39 million to its $243 million non-U.S. pension funds in fiscal 2005, according to an SEC filing. The company contributed $29 million to the non-U.S. plans in fiscal 2004, which ended Aug. 31. Accenture contributed $230 million to its $596 million U.S. pension fund in fiscal 2004 and is not required to make any contributions to the U.S. plans in fiscal 2005, the filing said.