Exelon Corp., Chicago, and its subsidiaries plan to contribute $447 million total to its U.S. qualified defined benefit plans in 2015, said spokesman Paul Adams, in an e-mail.
Exelon and its subsidiaries contributed $332 million total to the company's pension funds in 2014, Mr. Adams wrote.
The pension funds ended 2014 with $14.87 billion in assets and $18.26 billion in liabilities for a funding ratio of 81%. The discount rate used to measure benefit obligations was 3.94%, down from 4.8% a year earlier, the company's recently filed 10-K shows.
The asset allocation as of Dec. 31 was 38% fixed income, 32% equities, 18% hedge funds, 6.7% real estate and the remainder in private equity.
Separately, Illinois Tool Works Inc., Glenview, Ill., expects to contribute about $100 million to its pension funds in 2015, according to its recently filed 10-K.
The company contributed $127 million to its pension funds in 2014.
As of Dec. 31, the pension funds had $2.56 billion in assets and $2.61 billion in liabilities for a funded status of 98%.
The discount rate dropped to 3.7% from 4.32% a year earlier.
Finally, CBS Corp., New York, plans to contribute $50 million to its non-qualified pension funds in 2015, said its recently filed 10-K.
The company contributed $50 million total to its pension funds in 2014.
As of Dec. 31, the company's qualified and non-qualified pension funds had $4.22 billion in assets total and $5.32 billion in liabilities for a funding ratio of 79.3%. The discount rate dropped to 4.1% from 4.9% at the end of 2013.
As of Sept. 30, the pension funds had an asset allocation of 76.3% fixed income, 22.1% equity and 1.6% alternatives, according to Pensions & Investments data.
