Coca-Cola Co., Atlanta, announced in its 10-K filing Wednesday that it plans to make a discretionary contribution of $90 million to its non-U.S. pension funds.
The company does not plan to make a contribution to its U.S. pension fund. In 2014, the company contributed a total of $214 million to its global pension funds.
As of Dec. 31, global pension fund assets totaled $8.9 billion and projected benefit obligations totaled $10.35 billion, for a funding ratio of 86%. A breakdown between U.S. and non-U.S. pension assets, along with an asset allocation, were not made available.
Separately, Altria Group Inc., Richmond, Va., announced in its 10-K filing Wednesday that it plans to contribute between $20 million and $50 million to its pension funds in 2015. The company contributed $15 million in 2014.
As of Dec. 31, Altria’s pension plans had $7.3 billion in assets and $8.33 billion in projected benefit obligations, for a funding ratio of 87.6%.
Altria’s asset allocation as of Dec. 31 was 55% equities, 33% corporate fixed income, 7% government fixed income and 5% other.
Officials at Coca-Cola and Altria Group did not reply to requests for further information by press time.
