10 corporate DB plans with most improved funding
These 10 corporate defined benefit plans showed the most improved funding ratios in 2017.
Getty Images/Company filings
International Paper Co., Stamford, Conn., contributed $1.29 billion and saw its funding ratio rise 10.3 percentage points to 89.1%. The company reported a return of $1.83 billion on assets, ending 2017 with $11.37 billion in assets and $13.26 billion in liabilities.
Bigstock/Company filings
Emerson Electric Co., St. Louis, had a $327 million drop in liabilities with a $182 million increase in assets, bringing the funding ratio to 98.2% in 2017 from 87.5% one year earlier. The plans had $4.29 billion in assets and $4.37 billion in liabilities.
Bigstock/Company filings
Southern California Edison Co., Rosemead, saw liabilities drop $582 million to $3.7 billion in 2017. Assets rose to $3.39 billion and the funding ratio increased 12.5 percentage points to 91.6%.
Bloomberg/Company filings
The Walt Disney Co., Burbank, Calif., contributed $1.35 billion to its plans and saw a $1.06 billion return on assets in 2017, sending the funding ratio up 13 percentage points to 84.8%. The plans had $12.32 billion in assets and $14.53 billion liabilities.
Bigstock/Company filings
Johnson Controls Inc., Milwaukee, narrowed the gap between assets and liabilities in 2017, with liabilities dropping $750 million to $3.42 billion and assets falling $128 million to $3.17 billion. The plans' funding ratio rose 13.6 percentage points to 92.6%.
Bigstock/Company filings
Harris Corp., Melbourne, Fla., contributed $591 million and had a $470 million return on plan assets. Liabilities fell $331 million to $6.14 billion while assets rose $648 million to $4.92 billion in 2017, sending the funding ratio to 80.1% in 2017 from 66% one year earlier.
Bloomberg/Company filings
United Parcel Service Inc., Atlanta, made the year's largest contribution of $7.31 billion. The funding ratio jumped 15.5 percentage points to 91.5% in 2017. With a $4.72 billion return on assets, the plans had $41.93 billion in assets and $45.85 billion in liabilities.
Bloomberg/Company filings
Delta Air Lines Inc., Atlanta, contributed $3.56 billion to its plans and reported a $1.97 billion return on assets, sending the funding ratio to 68% from 49.4% one year earlier. The plans had $14.74 billion in assets and $21.7 billion in liabilities in 2017.
Bloomberg/Company filings
Verizon Communications Inc., Basking Ridge, N.J., contributed $4.14 billion and saw its funding ratio rise to 89.1% from 69.5% one year earlier. The company reported a return of $2.34 billion on assets, ending 2017 with $19.18 billion in assets and $21.53 billion in liabilities.
Bloomberg/Company filings
U.S. Bancorp, Minneapolis, contributed $1.24 billion to its plans and had the highest jump in funded status, rising 21.5 percentage points to 95.8% in 2017. The plans had $5.48 billion in assets and $5.72 billion in liabilities in 2017.
