Caterpillar Inc., Peoria, Ill., expects to contribute $480 million to its defined benefit pension plans this year, including $300 million contributed in the quarter ended June 30, the company announced Wednesday, according to financial reports the filed with the Securities and Exchange Commission.
All the contributions are required.
The company plans to split this year's contributions, giving $160 million to its U.S. plans and $320 million to its non-U.S. plans.
The company contributed $580 million to its plans last year.
Caterpillar's U.S. defined benefit plan had $10.9 billion in assets and $15.9 billion in liabilities, while its non-U.S. defined benefit plans had $3.4 billion in assets and $4.7 billion in liabilities, as of Dec. 31.
