The table below provides a breakdown of plans by asset type and by fair value hierarchy. The various fair value hierarchy levels are defined in Note 27.
(in millions of euros) | December 31, 2019 | December 31, 2018 | ||||||
|---|---|---|---|---|---|---|---|---|
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |
(in millions of euros) Shares | December 31, 2019 87 | December 31, 2018 - | - | 87 | 81 | - | - | 81 |
(in millions of euros) Bonds | December 31, 2019 - | December 31, 2018 146 | - | 146 | - | 140 | - | 140 |
(in millions of euros) Treasury bonds | December 31, 2019 - | December 31, 2018 237 | - | 237 | - | 198 | - | 198 |
(in millions of euros) Real Estate | December 31, 2019 - | December 31, 2018 - | 12 | 12 | - | - | 11 | 11 |
(in millions of euros) Other | December 31, 2019 9 | December 31, 2018 - | 38 | 47 | 16 | - | 29 | 45 |
(in millions of euros) Total | December 31, 2019 96 | December 31, 2018 383 | 50 | 529 | 97 | 338 | 40 | 475 |
(in millions of euros) | Pension plans | Medical cover | Total |
|---|---|---|---|
(in millions of euros) Estimated employer contribution for 2020 | Pension plans 24 | Medical cover 2 | Total 26 |
(in millions of euros) | Pension plans | Medical cover | Total |
|---|---|---|---|
(in millions of euros) Estimated future benefits payable | Pension plans
| Medical cover
| Total
|
(in millions of euros) 2020 | Pension plans 51 | Medical cover 2 | Total 53 |
(in millions of euros) 2021 | Pension plans 44 | Medical cover 2 | Total 46 |
(in millions of euros) 2022 | Pension plans 43 | Medical cover 2 | Total 45 |
(in millions of euros) 2023 | Pension plans 41 | Medical cover 2 | Total 43 |
(in millions of euros) 2024 | Pension plans 42 | Medical cover 2 | Total 44 |
(in millions of euros) Financial years 2025 to 2029 | Pension plans 205 | Medical cover 8 | Total 213 |
(in millions of euros) Total over the next 10 financial years | Pension plans 426 | Medical cover 18 | Total 444 |
The average duration of plans at end-December 2019 was 13 years.
