Sealed Air Corporation Combined Pension Plan

Sealed Air's most recent public filings show U.S. pension plan assets of roughly $206 million against approximately $234 million in projected benefit obligations, placing the plan in a modest underfunded position. The funded ratio guides the plan's asset allocation, which skews toward liability-matching fixed income and de-risking strategies rather than growth-seeking alternatives. The exact funded status fluctuates with discount rates and asset returns, but the plan has not been fully funded in recent reporting periods.

Yes, Sealed Air maintains separate international pension obligations, some of which have been partially de-risked through buy-in arrangements with insurers. The Charlotte-based Combined Pension Plan specifically covers U.S. obligations, while additional non-U.S. liabilities are managed through local vehicles and, in some cases, annuity buy-in contracts that transfer longevity risk to third-party insurers.