Kimberly-Clark Corp., Dallas, contributed about $265 million to its worldwide defined benefit pension plans in the first quarter and expects to contribute a total of $400 million to $500 million for 2011, according to an earnings release the company issued Monday.
Last year, the company contributed $175 million during the first quarter and a total of $245 million in 2010.
As of Dec. 31, its defined benefit pension plans had assets of $4.6 billion with an unfunded liability of $1.06 billion, resulting in a funded status of 81.3%, according to the company's 10-K filing.
Asset allocation for the company's defined benefit pension plans as of Dec. 31 was 62.2% equities; 34.7% fixed income; and 3.1% cash and other investments, according to the 10-K.
