Exxon Mobil Corp., Irving, Texas, plans to contribute $1.4 billion to its U.S. defined benefit pension funds and $800 million to its non-U.S. plans in 2014, according to its 10-K filed on Wednesday.
The U.S. pension funds as of Dec. 31 had $11.2 billion in assets and $17.3 billion in liabilities, for a funded status of 64.7%, up from 63.9% a year earlier. The non-U.S. plans had $19.28 billion in assets and $27.36 billion in liabilities for a funded status of 70.5%, up from 63.1% at the end of the 2012.
The discount rate used to measure benefit obligations was 5% for the U.S. pension funds, up from 4% at the end of 2012.
The U.S. pension funds had an asset allocation of 49.1% fixed income, 23.5% international equity, 22.5% domestic equity, 4.7% private equity and 0.2% cash at the end of the year. The asset allocation for the non-U.S. plans was 49.8% fixed income, 30.6% non-U.S. equity, 15.8% U.S. equity, 2.6% private equity, 0.7% real estate and the rest in cash.
