Anheuser-Busch InBev, Leuven, Belgium, plans to contribute about $325 million to its global defined benefit plans in 2020.
The brewer made contributions totaling $294 million in 2019 and $307 million in 2018, according to its 20-F filing Tuesday with the SEC.
As of Dec. 31, pension plan assets totaled $5.44 billion, while projected benefit obligations totaled $8.14 billion, for a funding ratio of 66.8%, flat from a year earlier.
The U.S. plans' discount rate as of that date fell to 3.3% from 4.3% a year earlier; the Canadian plans' rate fell to 3.1% from 3.9%; Mexico to 7.5% from 9%; Brazil to 7.2% from 8.9%; the U.K. to 2% from 2.8%; and Belgium to 3.3% from 4.3%.
As of Dec. 31, the global pension plans' actual allocation was 35% corporate bonds, 33% government bonds, 23% equities, 5% insurance contracts/others and 4% property.
