Mondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.
Mondelez expects to contribute $210 million to its U.S. pension funds and $319 million to its non-U.S. pension funds.
The company contributed $11 million to its U.S. plans and $353 million to its non-U.S. plans in 2014, the filing said.
As of Dec. 31, Mondelez’s U.S. pension funds had $1.22 billion in assets and $1.61 billion in liabilities for a funding ratio of 75.8%, while the company’s non-U.S. plans had $8.36 billion in assets and $10.85 billion in liabilities for a funding ratio of 77.1%.
The discount rate used to measure benefit obligations was 4.2% for the U.S. plans, down from 5.1% at the end of 2013. The discount rate for non-U.S. plans was 2.99% as of Dec. 31, down from 4% a year earlier.
Also as of Dec. 31, the U.S. pension funds had an asset allocation of 52% fixed income, 45% equity and 3% real estate. The non-U.S. pension funds had an asset allocation of 48% fixed income, 30% equity, 10% hedge funds, 4% real estate, 3% each private equity and cash, and 2% other.
