Boeing Co., Chicago, plans to make pension contributions of $500 million in 2007 and another $500 million in 2008, according to a financial report released today.
Boeing's pension plans are 101% funded. Boeing won't disclose the values of its pension assets and liabilities until it releases its 10-K financial report in mid-February, said Anne Eisele, director-finance communications. As of Sept. 30, Boeing had $45.5 billion in U.S. defined benefit assets, according to information submitted to Pensions & Investments.
The company contributed $526 million to its pension plans in 2006 and $1.9 billion in 2005, according to the company.
Implementation of the new Financial Accounting Standards Board Statement 158 for pension and other retirement benefits reduced Boeing's shareholder equity by $6.5 billion to $4.7 billion as of Dec. 31, 2006, from more than $11 billion a year earlier, the report said.
