At the end of fiscal 2015, General Motors’ global pension obligations stood at $95 billion. They were underfunded by $21 billion. General Motors’ funding status was at 78%. At the same time, Ford’s global pension obligations stood at $75 billion. They were underfunded by $8 billion. Ford’s funding status was at 89%—much better than General Motors’ funding status.

In the last six years, Ford contributed about $12.9 billion to its pension funds. It’s the main reason why the company has a better-funded status than General Motors.

As of December 31, 2015, General Motors’ pension obligations were higher than General Electric (GE) but lower than IBM’s (IBM) pension obligations.