Eli Lilly and Co., Indianapolis, expects to contribute a combined $400 million to its pension and retiree health-care plans this year, according to its 10-K report.
The company expects to contribute $100 million to its pension plans to meet minimum funding requirements and about $300 million in discretionary funding to its pension and retiree health-care plans. A breakout of the expected pension contributions wasn't available. Spokesman Mark Taylor couldn't be reached for comment.
Last year, Lilly contributed $447.6 million to its pension plans and $90.7 million to its retiree health-care plans, according to the 10-K.
As of Dec. 31, Lilly's defined benefit plans had $6 billion in assets and $7.5 billion in liabilities.
Also, Lilly last year contributed $127.6 million to its defined contribution plans, which had $3.4 billion in assets as of Sept. 30, according to company information provided to Pensions & Investments.