Kimberly-Clark Corp., Dallas, expects to contribute $530 million to its defined benefit pension plans in 2009, according to its annual report filed today with the SEC.
Kimberly-Clark contributed about $129 million to its pension plans in 2008.
The fair value of the assets in its defined benefit plans was $3.1 billion as of Dec. 31, down 34% from the previous year.
The following companies also said they will make pension contributions this year, according to their annual reports:
• Pfizer Inc., New York, says it will contribute $309 million to its international defined benefit pension plans in 2009. Pfizer contributed $471 million to its worldwide plans in 2008.
Pfizer fair value assets in U.S. plans as of Dec. 31 totaled $5.9 billion, down 26% from the previous year, while international plans totaled $4.4 billion, down 33% for the year.
• Motorola Inc., Schaumburg, Ill., expects to make cash contributions of about $180 million to its U.S. defined benefit pension plans and about $50 million to its non-U.S. pension plans. Motorola contributed $243 million to its U.S. plans and $54 million to its non-U.S. plans in 2008.
Motorolas Regular Pension Plan had $3.3 billion in fair value assets at the end of 2008, down 30% from the previous year. The companys Officers Plan and the Motorola Supplemental Pension Plan had $56 million in assets as of Dec. 31, down 15% for the year. Non-U.S. pension plans had $957 million at the end of last year, down 32% for 2008.
• Prudential Financial Inc., Newark, N.J., expects to contribute about $100 million, while Weyerhaeuser Co., Federal Way, Wash., expects to make required contributions of $50 million to $100 million to at least one of its U.S. qualified pension plans and a $7 million contribution to its Canadian pension plans.
Prudential made $199 million in pension contributions in 2008; Weyerhaeuser did not make any contributions to its U.S. plans last year.
Prudentials total pension assets had a fair value of $9.9 billion as of Dec. 31, down slightly from $10 billion at the end of 2007. Weyerhaeuser reported the fair value of itsDB pension plan assets dropped to $4.1 billion as of Dec. 31, down 41% for the year.