Johnson Controls Inc., Glendale, Wis., expects its worldwide pension plans to be fully funded in 2012, according to a company 8-K filing Tuesday with the SEC.
The company currently has $800 million in unfunded pension liabilities, the filing said. It contributed $550 million to its plans in its fiscal year, ended Sept. 30.
As of Sept. 30, 2009, the company had about $1 billion in unfunded pension liabilities, according to its 10-K report, filed last Nov. 25. It had $1.9 billion in U.S. pension assets and $1.1 billion in non-U.S. pension assets, while it had $2.5 billion in U.S. pension obligations and $1.5 billion in non-U.S. pension obligations.
Jacqueline Strayer, vice president, corporate communications, couldn’t be reached for comment.