| Pension plans | Post-employment medical cover | |||||
|---|---|---|---|---|---|---|
| December 31, 2021 | United States | United Kingdom | Euro zone | Other countries | United States | United Kingdom |
| Discount rate | 2.42% | 1.60% - 1.70% | 0.90% | 0.25% - 5.65% | 2.42% | 1.60% - 1.70% |
| Future wage increases | n/a | n/a | 2.35% - 2.80%(1) | 1.25% - 8% | 5% | n/a |
| Future pension increases | n/a | 2.2% - 3.7% | 1.80% (2) | n/a | n/a | n/a |
(1) For Germany and Belgium.
(2) For Germany only.
The rate of increase in medical expenses used for 2022 is 6% with a gradual decrease to 4%.
/ Sensitivity analysis
| 0.5% increase | |||||
|---|---|---|---|---|---|
| Pension plans (in millions of euros) | United States | United Kingdom | Euro zone | Other countries | Total |
|
Change in discount rate Effect on actuarial benefit obligation at year-end |
(6) | (7) | (5) | (6) | (24) |
|
Change in the increase rate of salaries Effect on actuarial benefit obligation at year-end |
- | - | 4 | 4 | 8 |
| 0.5% decrease | |||||
|---|---|---|---|---|---|
| Pension plans (in millions of euros) | United States | United Kingdom | Euro zone | Other countries | Total |
|
Change in discount rate Effect on actuarial benefit obligation at year-end |
7 | 8 | 5 | 7 | 27 |
|
Change in the increase rate of salaries Effect on actuarial benefit obligation at year-end |
- | - | (3) | (4) | (7) |
| 0.5% increase | 0.5% decrease | |||||
|---|---|---|---|---|---|---|
| Post-employment medical cover (in millions of euros) | United States | United Kingdom | Total | United States | United Kingdom | Total |
|
Change in discount rate Effect on actuarial benefit obligation at year-end |
(1) | - | (1) | 1 | - | 1 |
|
Change in the increase rate of salaries Effect on actuarial benefit obligation at year-end |
- | - | - | - | - | - |
