Honeywell International Inc., Morristown, N.J., plans to contribute $130 million to its non-U.S. defined benefit plans, the company announced in a 10-K filing.
Honeywell said in the filing Feb. 10 that it does not intend to make any contributions to its U.S. plans. In 2016, the company contributed $36 million to its U.S. plans and $186 million to its non-U.S. plans.
As of Dec. 31, U.S. pension plan assets totaled $16.8 billion, and projected benefit obligations totaled $17.4 billion, for a funding ratio of 96.6%.
Non-U.S. pension plan assets as of that date totaled $6.1 billion, while projected benefit obligations totaled $6.5 billion, for a funding ratio of 94%.
Robert C. Ferris, Honeywell spokesman, would not provide further information.