Universal Registration Document 2023

6. Consolidated Financial Statements 2023 Year - AFR

not-included Pension plans  Post‑employment medical cover
December 31, 2022 United States United Kingdom Euro zone Other Country United States United Kingdom
Discount rate 4.85% 4.70% - 4.85% 3.75% 1% - 7.10% 4.85% 4.70% - 4.85%
Future wage increases n/a n/a 2.75% - 3.20%(1) 1.50% - 5,00% 5 % n/a
Future pension increases n/a 2% - 3.7% 0% - 2.20%(1) n/a n/a n/a

The rate of increase in medical expenses used for financial year 2023 is 6% with a gradual decrease to 4%.

/ Sensitivity analysis
not-included 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) (8) (6) (13) (33)

Change in the increase rate of salaries

Effect on actuarial benefit obligation at year‑end

- - 5 5 10
not-included 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 6 8 29

Change in the increase rate of salaries

Effect on actuarial benefit obligation at year‑end

- - (4) (5) (9)
not-included 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

- - - - - -

Change in the increase rate of salaries

Effect on actuarial benefit obligation at year‑end

- - - - - -