Deere, Motorola to Add a Combined $700 Million to Plans
Deere & Co. expects to contribute $500 million to its pension plans this year, according to the Moline, Illinois-based company’s director of strategic public relations.
The company contributed $233 million to its pension plans during its last fiscal year, ended October 31, according to its 10-K report.
Deere had $8.4 billion in pension assets and $9.7 billion in pension liabilities as of October 31.
Separately, Motorola Inc. expects to contribute $200 million to its pension plans this year—$150 million to its U.S. pension plans and the remainder to its international plans, according to the company’s 10-K report.
Last year, the Schaumburg, Illinois-based company contributed $90 million to its U.S. plans and $39 million to its non-U.S. plans.
As of December 31, Motorola had U.S. pension assets of $3.898 billion and U.S. pension liabilities of $5.821 billion; its non-U.S. pension assets totaled $1.147 billion and non-U.S. pension liabilities, $1.576 billion.