Procter & Gamble Co., Cincinnati, estimates it will contribute $215 million to its worldwide defined benefit pension plans during its 2016 fiscal year ending June 30.
P&G contributed $262 million to its worldwide DB plans in fiscal 2015, after adding $1.5 billion the year prior, the company's 10-K filing stated.
The company had $10.6 billion in defined benefit assets as of June 30, with a funded ratio of 66.5%, up slightly from 65.1% a year earlier. The discount rate used to measure pension liabilities fell to 3.1% from 3.5% a year earlier.
Asset allocation for its worldwide DB plans was 48.7% fixed income; 47.7% equities, and 3.6% cash and other.