Procter & Gamble Co., Cincinnati, contributed $178 million to its global defined benefit plans in the fiscal year ended June 30, the company disclosed in a 10-K filing with the Securities and Exchange Commission.
The consumer-products giant did not disclose how it split the contributions by region, but the Aug. 6 filing said its assets are primarily outside the U.S.
The company contributed $406 million to the plans in the fiscal year ended June 30, 2018. Procter & Gamble expects to contribute $62 million to the plans in the current fiscal year ending June 30, 2020.
As of June 30, defined benefit plan assets totaled $11.382 billion, while projected benefit obligations totaled $17.037 billion, for a funding ratio of 66.8%, down from 72% a year earlier. The discount rates for the plans as of that date was 1.9%, down from 2.5% the previous year.
As of June 30, the actual allocation of the global DB plans was 63% fixed income, 36% equities and 1% cash. The target is 67% fixed income and 33% equities.
P&G officials could not be immediately reached to provide further information.
