Phillips 66, Houston, contributed $317 million total to its defined benefit plans in the third quarter, the company announced in its quarterly earnings report Friday.
As of Dec. 31, U.S. DB assets and liabilities totaled $2 billion and $2.8 billion, respectively, for a funding ratio of 71.4%.
As of the same date, international DB assets and liabilities were $742 million and $912 million, respectively, for a funding ratio of 81.4%.
The company announced in a July 29 10-Q filing that it contributed $11 million and $22 million, respectively, to its U.S. and international DB plans in the first half of 2016. In that same report, the company said it expected to contribute an additional $325 million to its U.S. plans and $20 million to its international plans in the remainder of 2016, bringing the U.S. total to $336 million and international total to $42 million.
How much of the $317 million in the third quarter was distributed to the U.S. and international plans could not be learned by press time.
A spokesman did not comment beyond the 10-Q filing.
