Molson Coors Brewing Co., Denver, expects to contribute between $300 million and $320 million total to its global pension plans in 2017, the company said in a recently filed 10-Q.
The company originally planned to contribute $100 million to $120 million this year. The additional $200 million will be contributed to its U.S. pension plan in the third quarter of 2017.
As of Dec. 31, the company had $5.9 billion in global DB assets and $6.2 billion in benefit obligations for a funded status of 95.2%, according to its most recent 10-K. As of the same date, the global DB plans had an aggregate asset allocation of 62.7% fixed income (vs. a 65.9% target), 24.4% equities (23.7%), 8.9% other (6.4%), 2.2% real estate (2.2%) and 1.8% hedge funds (1.8%).
A breakout of U.S. DB assets was not immediately available.
A spokesman could not immediately be reached for additional information.