FedEx Corp., Memphis, Tenn., expects cash contributions to the company's U.S. pension plans to decline to $500 million in 2011, down about $350 million from 2010.
Also, pension and retiree medical expenses are expected to increase about $260 million year over year because of a lower discount rate, according to a company SEC filing.
The company had $10.8 billion in defined benefit assets as of Dec. 31, according to its annual report.
FedEx spokesman Jess Bunn could not be reached for comment.
