Navistar International Corp., Lisle, Ill., plans to contribute about $190 million to its pension plans in the fiscal year ending Oct. 31, 2020.
The company contributed $140 million to the plans in the fiscal year ended Oct. 31, according to a 10-K filing filed Tuesday with the SEC.
The company did not provide information on how the contributions will be split between U.S. and Canadian plans.
As of Oct. 31, Navistar's pension plan assets totaled $2.013 billion, while projected benefit obligations totaled $3.347 billion, for a funding ratio of 60.1%, down from 64.7% a year earlier.
The discount rate as of that date was 3.1%, down from 4.4% a year earlier.
As of Oct. 31, the actual allocation of the pension plans was: 37.2% fixed income; 14.6% international equities; 14.5% U.S. equities; 11.3% global equities; 9.6% hedge funds of funds; 7.6% real estate; 2.4% private credit; 1.7% insurance-linked securities; and 1.1% private equity.
