Twenty-First Century Fox 2014 Annual Report Download - page 135

TWENTY-FIRST CENTURY FOX, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
129
The Company’s benefit plan weighted-average asset allocations, by asset category, are as follows:
Pension benefits
As of June 30,
2014 2013
Asset Category:
Equity securities ......................................................................................................... 46% 43%
Debt securities ............................................................................................................ 29 37
Other, including cash .................................................................................................. 25 20
Total ........................................................................................................................... 100% 100%
Required pension plan contributions for the next fiscal year are not expected to be material; however, actual
contributions may be affected by pension asset and liability valuation changes during the year. The Company will
continue to make voluntary contributions as necessary to improve funded status.
Multiemployer Pension and Postretirements Plans
The Company contributes to various multiemployer defined benefit pension plans under the terms of
collective-bargaining agreements that cover certain of its union-represented employees, primarily at the Filmed
Entertainment segment. The risks of participating in these multiemployer pension plans are different from single-
employer pension plans such that (i) contributions made by the Company to the multiemployer pension plans may
be used to provide benefits to employees of other participating employers; (ii) if the Company chooses to stop
participating in certain of these multiemployer pension plans, it may be required to pay those plans an amount based
on the underfunded status of the plan, which is referred to as a withdrawal liability; and (iii) actions taken by a
participating employer that lead to a deterioration of the financial health of a multiemployer pension plan may result
in the unfunded obligations of the multiemployer pension plan to be borne by its remaining participating employers.
While no multiemployer pension plan that the Company contributed to is individually significant to the Company,
the Company was listed on four Form 5500s as providing more than 5% of total contributions based on the current
information available. The financial health of a multiemployer plan is indicated by the zone status, as defined by the
Pension Protection Act of 2006, which represents the funded status of the plan as certified by the plan’s actuary.
Plans in the red zone are less than 65% funded, the yellow zone are between 65% and 80% funded, and green zone
are at least 80% funded. The most recent available funded status of the four plans in which the Company was listed
as providing more than 5% of total contributions are all green. Total contributions made by the Company to
multiemployer pension plans were $70 million for the fiscal year ended June 30, 2014 and $66 million for the fiscal
years ended June 30, 2013 and 2012.
The Company also contributes to various other multiemployer benefit plans that provide health and welfare
benefits to active and retired participants, primarily at the Filmed Entertainment segment. Total contributions made
by the Company to these other multiemployer benefit plans for the fiscal years ended June 30, 2014, 2013, and 2012
were $85 million, $80 million and $67 million, respectively.
Defined Contribution Plans
The Company has defined contribution plans for the benefit of substantially all employees meeting certain
eligibility requirements. Employer contributions to such plans were $69 million, $195 million and $198 million for
the fiscal years ended June 30, 2014, 2013 and 2012, respectively, of which nil, $134 million and $141 million
related to discontinued operations, respectively.