Universal Registration Document 2023

6. Consolidated Financial Statements 2023 Year - AFR

/ Change in the fair value of plan assets
unspecified December 31, 2023 December 31, 2022
(in millions of euros) Pension plans Medical cover Total Pension plans Medical cover Total
Fair value of plan assets at start of year 387 - 387 529 - 529
Actuarial return on plan assets 30 - 30 (120) - (120)
Employer contributions 23 2 25 30 2 32
Administrative fees (3) - (3) (2) - (2)
Acquisitions, disposals - - - - - -
Benefits paid (33) (2) (35) (49) (2) (51)
Translation adjustments 2 - 2 (1) - (1)
Fair value of plan assets at year‑end 406 - 406 387 - 387
Financial coverage (215) (14) (229) (179) (16) (195)
Effect of ceiling on value of assets (11) - (11) (54) - (54)
Net provision for defined benefit pension
liabilities and post‑employment medical care
(226) (14) (240) (233) (16) (249)
Provision for other long‑term benefits (11) - (11) (15) - (15)
Total provisions for retirement benefit obligations, other post‑employment and long‑term benefits (237) (14) (251) (248) (16) (264)
/ Pension commitment expenses and other post‑employment benefits
unspecified December 31, 2023 December 31, 2022
(in millions of euros) Pension plans Medical cover Total Pension plans Medical cover Total
Cost of services rendered during the year (21) - (21) (28) - (28)
Financial expenses (9) (1) (10) (5) (1) (6)
Defined benefit plan expense (30) (1) (31) (33) (1) (34)
Cost of other plans (including defined contribution plans) and other benefits (203) - (203) (193) - (193)
Administrative fees excluding plan management fees (5) unspecified (5) (2) - (2)
Total retirement costs recognized in the income statement (238) (1) (239) (228) (1) (228)