Whirlpool Corp. has announced that it expects to contribute U.S. $19 million to its U.S. pension plans in 2004, according to its annual report filed with the U.S. Securities and Exchange Commission (SEC).
The appliance maker 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, MI, U.S.-based manufacturer said it repurchased 1 million common shares in the open market for $75 million this year. (Associated Press)
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