E.I. du Pont de Nemours & Co., Wilmington, Del., announced Tuesday that it expects to contribute $875 million to its pension plans during 2012.
Of the money, $500 million will go to the company’s principal U.S. pension plan and $375 million will go to “other plans.”
Amounts were disclosed in a presentation made by CFO Nick Fanandakis during the company’s 2011 investor meeting in Wilmington. Estimated contributions for 2012 are significantly higher than 2011 contributions, which DuPont expects to total about $320 million.
The company had $18.4 billion in U.S. defined benefit pension plan assets, with a funding ratio of 76.9%, as of Dec. 31, 2010, the latest data available. The asset allocation was 41.3% equity, 23.1% fixed income, 15.8% private equity, 14% cash, 5.6% real estate and 0.2% other.