WASHINGTON – Whirlpool Corp. said Friday it expects to contribute $19 million to its U.S. pension plans in 2004, according to its annual report filed with the Securities and Exchange Commission
The company also said it expects to contribute $45 million in 2004 to its other post-retirement benefit plans, and $7 million to its foreign pension plans.
The company said it expects consolidated pension costs of $72 million in 2004, compared with $78 million in 2003. It said $60 million of the total cost is for its U.S. pension plan.
Elsewhere in the annual report, the Benton Harbor, Mich.-based home appliance manufacturer said it repurchased 1 million common shares in the open market for $75 million this year.
From The Kansas City Star
