Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Covidien, a $10.4 billion manufacturer of medical devices and supplies, inherited multiple U.S. pension plans with about $455 million in assets when it was spun off from Tyco International in 2007. Covidien wanted to limit the volatility in the plans’ funded status and its impact on the company’s financials and cash contributions.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.