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 28.
December 31, 2020 | December 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
(in millions of euros) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
Shares | Shares December 31, 2020 70 | Shares December 31, 2019 - | - | 70 | 87 | - | - | 87 |
Bonds | Bonds December 31, 2020 - | Bonds December 31, 2019 131 | - | 131 | - | 146 | - | 146 |
Treasury bonds | Treasury bonds December 31, 2020 - | Treasury bonds December 31, 2019 207 | - | 207 | - | 237 | - | 237 |
Real Estate | Real Estate December 31, 2020 - | Real Estate December 31, 2019 - | 8 | 8 | - | - | 12 | 12 |
Other | Other December 31, 2020 12 | Other December 31, 2019 - | 67 | 79 | 9 | - | 38 | 47 |
Total | Total December 31, 2020 82 | Total December 31, 2019 338 | 75 | 495 | 96 | 383 | 50 | 529 |
(in millions of euros) | Pension plans | Medical cover | Total |
|---|---|---|---|
Estimated employer contribution for 2021 | Estimated employer contribution for 2021 Pension plans 24 | Estimated employer contribution for 2021 Medical cover 2 | Estimated employer contribution for 2021 Total 26 |
(in millions of euros) | (in millions of euros) Pension plans Pension plans | (in millions of euros) Medical cover Medical cover | (in millions of euros) Total Total |
Estimated future benefits payable | Estimated future benefits payable Pension plans
| Estimated future benefits payable Medical cover
| Estimated future benefits payable Total
|
| 2021 | 2021 Pension plans 45 | 2021 Medical cover 2 | 2021 Total 47 |
| 2022 | 2022 Pension plans 42 | 2022 Medical cover 2 | 2022 Total 44 |
| 2023 | 2023 Pension plans 40 | 2023 Medical cover 2 | 2023 Total 42 |
| 2024 | 2024 Pension plans 40 | 2024 Medical cover 1 | 2024 Total 41 |
| 2025 | 2025 Pension plans 38 | 2025 Medical cover 1 | 2025 Total 39 |
Financial years 2026 to 2030 | Financial years 2026 to 2030 Pension plans 184 | Financial years 2026 to 2030 Medical cover 6 | Financial years 2026 to 2030 Total 190 |
Total over the next 10 financial years | Total over the next 10 financial years Pension plans 339 | Total over the next 10 financial years Medical cover 14 | Total over the next 10 financial years Total 403 |
The average duration of plans at end-December 2020 was 13 years.
