Colgate-Palmolive Co., New York, expects to contribute about $100 million to its U.S. pension plans this year, according to a 10-K statement filed with the Securities & Exchange Commission. The consumer-products giant contributed $67 million last year.
Fair value of U.S. plans' assets as of Dec. 31 was $1.57 billion vs. $1.81 billion in 2017.
Liabilities were $2.15 billion, for a funding ratio of 63.1%, in 2018, the 10-K report, issued Feb. 21, said. Liabilities were $2.36 billion, for a funding ratio of 69.6%, in 2017.
Fair value of international plans' assets as of Dec. 31, 2018 was $510 million vs. $575 million at year-end 2017.
Liabilities last year were $787 million for a funding ratio of 45.7%, the 10-K report said. Liabilities in 2017 were $847 million for a funding ratio of 52.7%.
The discount rate for U.S. plans was 4.38% last year vs.3.73% in 2017. The discount rate for international plans was 2.8% last year and 2.53% in 2017.
The target asset allocations for its U.S. pension plans are 22% for equity securities, 60% for fixed-income securities and 18% real estate and other investments, the report said.
The target asset allocations for its international pension plans are 37% for equities, 43% for fixed income and 20% for real estate and other investments.