Universal Registration Document 2021

Chapter 6. 2021 Consolidated financial statements

Note 21 Provisions for liabilities and charges

(in millions of euros) Restructuring provision Vacant property provisions Pensions and other long-term benefits Risques et litiges Autres provisions Total
January 1, 2020 January 1, 2020

Restructuring provision

35
January 1, 2020

Vacant property provisions

44
January 1, 2020

Pensions and other long-term benefits

311
January 1, 2020

Risques et litiges

103
January 1, 2020

Autres provisions

103
January 1, 2020

Total

596
Increases

Increases

Restructuring provision

86

Increases

Vacant property provisions

60

Increases

Pensions and other long-term benefits

26

Increases

Risques et litiges

21

Increases

Autres provisions

25

Increases

Total

218

Releases with usage 

Releases with usage 

Restructuring provision

(38)

Releases with usage 

Vacant property provisions

(21)

Releases with usage 

Pensions and other long-term benefits

(26)

Releases with usage 

Risques et litiges

(2)

Releases with usage 

Autres provisions

(25)

Releases with usage 

Total

(112)

Other releases

Other releases

Restructuring provision

(2)

Other releases

Vacant property provisions

-

Other releases

Pensions and other long-term benefits

-

Other releases

Risques et litiges

(1)

Other releases

Autres provisions

-

Other releases

Total

(3)

Changes to consolidation scope

Changes to consolidation scope

Restructuring provision

-

Changes to consolidation scope

Vacant property provisions

-

Changes to consolidation scope

Pensions and other long-term benefits

1

Changes to consolidation scope

Risques et litiges

-

Changes to consolidation scope

Autres provisions

-

Changes to consolidation scope

Total

1

Actuarial losses (gains)
Translation 

Actuarial losses (gains)


Translation 

Restructuring provision

-

Actuarial losses (gains)


Translation 

Vacant property provisions

-

Actuarial losses (gains)


Translation 

Pensions and other long-term benefits

20

Actuarial losses (gains)


Translation 

Risques et litiges

-

Actuarial losses (gains)


Translation 

Autres provisions

-

Actuarial losses (gains)


Translation 

Total

20

adjustments and other

adjustments and other

Restructuring provision

(3)

adjustments and other

Vacant property provisions

12

adjustments and other

Pensions and other long-term benefits

(14)

adjustments and other

Risques et litiges

(6)

adjustments and other

Autres provisions

(7)

adjustments and other

Total

(18)

December 31, 2020 December 31, 2020

Restructuring provision

78
December 31, 2020

Vacant property provisions

95
December 31, 2020

Pensions and other long-term benefits

318
December 31, 2020

Risques et litiges

115
December 31, 2020

Autres provisions

96
December 31, 2020

Total

702
Increases

Increases

Restructuring provision

25

Increases

Vacant property provisions

18

Increases

Pensions and other long-term benefits

45

Increases

Risques et litiges

139

Increases

Autres provisions

36

Increases

Total

263

Releases with usage

Releases with usage

Restructuring provision

(61)

Releases with usage

Vacant property provisions

(37)

Releases with usage

Pensions and other long-term benefits

(20)

Releases with usage

Risques et litiges

(5)

Releases with usage

Autres provisions

(9)

Releases with usage

Total

(132)

Other releases

Other releases

Restructuring provision

(2)

Other releases

Vacant property provisions

-

Other releases

Pensions and other long-term benefits

(1)

Other releases

Risques et litiges

(1)

Other releases

Autres provisions

(6)

Other releases

Total

(10)

Changes to consolidation scope

Changes to consolidation scope

Restructuring provision

-

Changes to consolidation scope

Vacant property provisions

-

Changes to consolidation scope

Pensions and other long-term benefits

-

Changes to consolidation scope

Risques et litiges

-

Changes to consolidation scope

Autres provisions

-

Changes to consolidation scope

Total

-

Actuarial losses (gains)

Actuarial losses (gains)

Restructuring provision

-

Actuarial losses (gains)

Vacant property provisions

-

Actuarial losses (gains)

Pensions and other long-term benefits

(48)

Actuarial losses (gains)

Risques et litiges

-

Actuarial losses (gains)

Autres provisions

-

Actuarial losses (gains)

Total

(48)

Translation adjustments and other

Translation adjustments and other

Restructuring provision

1

Translation adjustments and other

Vacant property provisions

21

Translation adjustments and other

Pensions and other long-term benefits

11

Translation adjustments and other

Risques et litiges

6

Translation adjustments and other

Autres provisions

3

Translation adjustments and other

Total

42

December 31, 2021

December 31, 2021

Restructuring provision

41

December 31, 2021

Vacant property provisions

97

December 31, 2021

Pensions and other long-term benefits

305

December 31, 2021

Risques et litiges

254

December 31, 2021

Autres provisions

120

December 31, 2021

Total

817
Of which short-term Of which short-term

Restructuring provision

30
Of which short-term

Vacant property provisions

48
Of which short-term

Pensions and other long-term benefits

33
Of which short-term

Risques et litiges

105
Of which short-term

Autres provisions

58
Of which short-term

Total

274
Of which long-term Of which long-term

Restructuring provision

11
Of which long-term

Vacant property provisions

49
Of which long-term

Pensions and other long-term benefits

272
Of which long-term

Risques et litiges

149
Of which long-term

Autres provisions

62
Of which long-term

Total

543
Restructuring provisions

These include an estimate of the closure or restructuring costs of certain activities resulting from plans that were announced but not yet executed at the end of 2021 (mainly severance pay). The plans are detailed by project and by type, and are approved in advance by senior management. They are managed centrally to ensure that the provision is applied based on the actual costs incurred and to justify the remaining balance at the year-end on the basis of the outstanding cost to be incurred.

Vacant property provisions

If a property is vacant and is not intended to be used in the main activity, a provision is made including rental charges, taxes and any other costs. This provision does not include lease payments, which are recognized as an impairment of right-of-use assets relating to leases.

Provisions for risks and litigation

Provisions for risks and litigation (euro 254 million) include a short-term component (euro 105 million) and a long-term component (euro 149 million). They relate to litigation of any type with third parties, including commercial and tax litigation but excluding risks relating to uncertain tax positions.

Pensions and other long-term benefits

The obligations for employee benefits (see Note 22) include:

  • defined benefit pension plans;
  • post-employment health benefits;
  • long-term benefits such as deferred compensation and long-service rewards.