/ Change in the fair value of plan assets
December 31, 2022 | December 31, 2021 | |||||
---|---|---|---|---|---|---|
(in millions of euros) |
Pensions plans |
Medical cover |
Total |
Pensions plans |
Medical cover |
Total |
Fair value of plan assets at start of year | 529 | - | 529 | 496 | - | 496 |
Actuarial return on plan assets | (120) | - | (120) | 26 | - | 26 |
Employer contributions | 30 | 2 | 32 | 24 | 2 | 26 |
Administrative fees | (2) | - | (2) | (2) | - | (2) |
Acquisitions, disposals | - | - | - | (1) | - | (1) |
Benefits paid | (49) | (2) | (51) | (49) | (2) | (51) |
Translation adjustments | (1) | - | (1) | 35 | - | 35 |
Fair value of plan assets at year-end | 387 | - | 387 | 529 | - | 529 |
Surplus (deficit) | (179) | (16) | (195) | (198) | (21) | (219) |
Effect of ceiling on value of assets | (54) | - | (54) | (68) | - | (68) |
Net provision for defined benefit pension liabilities and post-employment medical care | (233) | (16) | (249) | (267) | (21) | (288) |
Provision for other long-term benefits | (15) | - | (15) | (17) | - | (17) |
Total provisions for retirement benefit obligations, other post-employment and long-term benefits | (248) | (16) | (264) | (284) | (21) | (305) |
/ Pension expenses and other post-employment benefits
December 31, 2022 | December 31, 2021 | |||||
---|---|---|---|---|---|---|
(in millions of euros) |
Pensions plans |
Medical cover |
Total |
Pensions plans |
Medical cover |
Total |
Cost of services rendered during the year | (28) | - | (28) | (38) | - | (38) |
Financial expenses | (5) | (1) | (6) | (5) | - | (5) |
Defined benefit plan expense | (33) | (1) | (34) | (43) | - | (43) |
Cost of other plans (including defined contribution plans) and other benefits | (193) | - | (193) | (149) | - | (149) |
Administrative fees excluding plan management fees | (2) | - | (2) | (2) | - | (2) |
Total retirement costs recognized in the income statement | (228) | (1) | (228) | (194) | - | (194) |