April 30, 2018 01:00 AM

The funded status of corporate pension funds

Rank	Fund	Fair value of plan assets	Benefit obligation	Funded status	Plan assets as % of PBO
The largest corporate pension plans ranked by funding ratio — plan assets as a percentage of projected benefit obligation — as of Dec. 31, 2017, unless otherwise noted. Dollars are in millions.
1	NextEra Energy	$4,020	$2,593	$1,427	155.0%
2	BB&T	$6,309	$4,939	$1,370	127.7%
3	Bank of America	$19,708	$15,706	$4,002	125.5%
4	Bank of New York Mellon	$5,496	$4,405	$1,091	124.8%
5	J.P. Morgan Chase	$19,603	$16,700	$2,903	117.4%
6	SunTrust Banks	$3,288	$2,910	$378	113.0%
7	PNC Financial Services	$5,253	$4,789	$464	109.7%
8	Travelers	$3,957	$3,679	$278	107.6%
9	Duke Energy	$9,003	$8,448	$555	106.6%
10	Honeywell International	$18,985	$18,151	$834	104.6%
11	Macy's1	$3,409	$3,271	$138	104.2%
12	WestRock2	$4,108	$3,942	$166	104.2%
13	Aetna	$6,331	$6,218	$113	101.8%
14	J.C. Penney1	$3,528	$3,467	$61	101.8%
15	Kraft Heinz	$4,785	$4,719	$66	101.4%
16	Target1	$4,117	$4,092	$25	100.6%
17	IBM	$52,694	$52,444	$250	100.5%
18	Bristol-Myers Squibb	$6,749	$6,749	$0	100.0%
19	American Electric Power	$5,174	$5,216	-$42	99.2%
20	Prudential Financial	$13,655	$13,838	-$183	98.7%
21	Eastman Kodak	$3,804	$3,866	-$62	98.4%
22	Emerson Electric2	$4,292	$4,369	-$77	98.2%
23	United Technologies	$35,689	$36,999	-$1,310	96.5%
24	Wells Fargo	$10,667	$11,110	-$443	96.0%
25	U.S. Bancorp	$5,482	$5,720	-$238	95.8%
26	Ford	$44,160	$46,340	-$2,180	95.3%
27	Altria	$8,015	$8,510	-$495	94.2%
28	Southern Co.	$12,992	$13,808	-$816	94.1%
29	U.S. Steel	$5,732	$6,107	-$375	93.9%
30	Coca-Cola	$8,843	$9,455	-$612	93.5%
31	Abbott Laboratories	$9,298	$9,953	-$655	93.4%
32	Goodyear	$4,978	$5,331	-$353	93.4%
33	Union Pacific	$4,224	$4,529	-$305	93.3%
34	Johnson Controls2	$3,165	$3,419	-$254	92.6%
35	Allstate	$6,284	$6,815	-$531	92.2%
36	Textron	$7,877	$8,563	-$686	92.0%
37	Consolidated Edison	$14,274	$15,536	-$1,262	91.9%
38	Deere3	$12,093	$13,166	-$1,073	91.9%
39	General Mills4	$5,925	$6,459	-$533	91.7%
40	Charter Communications	$3,273	$3,569	-$296	91.7%
41	Southern California Edison	$3,390	$3,702	-$312	91.6%
42	Merck	$10,896	$11,904	-$1,008	91.5%
43	General Motors	$62,639	$68,450	-$5,811	91.5%
44	UPS	$41,932	$45,847	-$3,915	91.5%
45	PSEG	$5,812	$6,359	-$547	91.4%
46	Citigroup	$12,725	$14,040	-$1,315	90.6%
47	Eaton	$3,585	$3,961	-$376	90.5%
48	3M	$15,686	$17,360	-$1,674	90.4%
49	Pinnacle West Capital	$3,057	$3,394	-$337	90.1%
50	FedEx5	$24,933	$27,870	-$2,937	89.5%
51	Kellogg	$5,043	$5,648	-$605	89.3%
52	Dominion Energy	$8,062	$9,052	-$990	89.1%
53	Verizon	$19,175	$21,531	-$2,356	89.1%
54	Ameren	$4,293	$4,827	-$534	88.9%
55	PG&E	$16,652	$18,757	-$2,105	88.8%
56	HP6	$10,838	$12,266	-$1,428	88.4%
57	Schlumberger	$4,058	$4,603	-$545	88.2%
58	Cigna	$4,281	$4,969	-$688	86.2%
59	Huntington Ingalls	$5,837	$6,778	-$941	86.1%
60	International Paper	$11,368	$13,264	-$1,896	85.7%
61	Pfizer	$14,284	$16,702	-$2,418	85.5%
62	Johnson & Johnson	$28,404	$33,221	-$4,817	85.5%
63	AIG	$4,350	$5,091	-$741	85.4%
64	Baxter	$5,248	$6,159	-$911	85.2%
65	Northrop Grumman	$27,226	$31,967	-$4,741	85.2%
66	PepsiCo	$12,582	$14,777	-$2,195	85.1%
67	MetLife	$9,688	$11,409	-$1,721	84.9%
68	Walt Disney2	$12,325	$14,532	-$2,207	84.8%
69	CenturyLink	$11,060	$13,122	-$2,062	84.3%
70	Exelon	$18,573	$22,337	-$3,764	83.1%
71	DTE Energy	$4,636	$5,576	-$940	83.1%
72	The Hartford	$3,592	$4,376	-$784	82.1%
73	Weyerhaeuser	$5,514	$6,795	-$1,281	81.1%
74	Harris7	$4,921	$6,140	-$1,219	80.1%
75	Eversource Energy	$4,740	$5,937	-$1,197	79.8%
76	Boeing	$64,011	$80,393	-$16,382	79.6%
77	Eli Lilly	$11,845	$15,098	-$3,254	78.4%
78	Caterpillar	$13,416	$17,326	-$3,910	77.4%
79	Xerox	$3,224	$4,180	-$956	77.1%
80	Marsh & McLennan	$4,787	$6,221	-$1,434	76.9%
81	Medtronic8	$2,479	$3,232	-$753	76.7%
82	AT&T	$45,463	$59,294	-$13,831	76.7%
83	DowDuPont	$43,685	$57,401	-$13,716	76.1%
84	Entergy	$6,071	$7,987	-$1,916	76.0%
85	CBS	$3,046	$4,040	-$994	75.4%
86	Raytheon	$21,002	$28,569	-$7,567	73.5%
87	Chevron	$9,948	$13,580	-$3,632	73.3%
88	Unisys	$3,578	$5,002	-$1,423	71.5%
89	General Dynamics	$10,130	$14,212	-$4,082	71.3%
90	Alcoa	$5,322	$7,639	-$2,317	69.7%
91	Motorola Solutions	$3,614	$5,235	-$1,621	69.0%
92	Lockheed Martin	$33,095	$48,686	-$15,591	68.0%
93	Delta Air Lines	$14,744	$21,696	-$6,952	68.0%
94	United Continental Holdings	$3,932	$5,852	-$1,920	67.2%
95	General Electric	$50,361	$74,985	-$24,624	67.2%
96	Exxon Mobil	$12,782	$19,310	-$6,528	66.2%
97	Arconic	$4,862	$7,359	-$2,497	66.1%
98	FirstEnergy	$6,704	$10,167	-$3,463	65.9%
99	Sears Holdings1	$2,528	$4,003	-$1,475	63.2%
100	American Airlines	$11,395	$18,275	-$6,880	62.4%
	Totals/averages	$1,244,668	$1,452,364	-$207,696	85.7%
	Average for 2017				89.2%
	Average for 2016				84.5%
	Average for 2015				85.1%
	Average for 2014				85.7%
Notes: 1 Data are as of Feb. 3, 2018; 2 Data are as of Sept. 30, 2017; 3 Data are as of Oct. 29, 2017; 4 Data are as of May 28, 2017; 5 Data are as of May 31, 2017; 6 Data are as of Oct. 31, 2017; 7 Data are as of June 30, 2017; 8 Data are as of April 28, 2017.
Source: Company reports