Hewlett-Packard Enterprise Co., Palo Alto, Calif., expects to contribute about $190 million to its non-U.S. pension plans in fiscal year 2019, the company disclosed in its 10-K filing with the SEC on Wednesday.
The computer hardware company, which has defined benefit plan assets in Germany and the U.K., contributed $158 million to the pension plans in the fiscal year ended Oct. 31 and $266 million to the plans in fiscal year 2017.
The U.K. plans are closed to new employees, and the German plans are open and use a cash balance formula.
As of Oct. 31, global pension plan assets totaled $12.167 billion, while projected benefit obligations totaled $12.668 billion, for a funding ratio of 96%. The discount rate was 2%, the same as the prior year.
Also as of that date, the actual allocation of the plans was 51.6% equities, 44.9% fixed income, and 3.5% cash and cash equivalents.