(in millions of euros) | December 31, 2024 | December 31, 2023 |
---|---|---|
Pension commitments and other long-term benefits |
Pension commitments and other long-term benefits December 31, 2024(271) |
Pension commitments and other long-term benefits December 31, 2023(265) |
Pension commitments and other short-term benefits |
Pension commitments and other short-term benefits December 31, 2024(21) |
Pension commitments and other short-term benefits December 31, 2023(21) |
Pension plan surpluses(1) |
Pension plan surpluses (1)December 31, 202431 |
Pension plan surpluses (1)December 31, 202335 |
other post-employment and long-term benefits | other post-employment and long-term benefitsDecember 31, 2024(261) | other post-employment and long-term benefitsDecember 31, 2023(251) |
December 31, 2024 | December 31, 2023 | |||||
---|---|---|---|---|---|---|
(in millions of euros) | Pension plans | Medical cover | Total | Pension plans | Medical cover | Total |
Opening actuarial benefit obligation | (621) | (14) | (635) | (565) | (15) | (580) |
Cost of services rendered | (29) | - | (29) | (21) | - | (21) |
Benefits paid | 37 | 1 | 38 | 33 | 2 | 35 |
Interest expense on benefit obligation | (25) | (1) | (26) | (24) | (1) | (25) |
Effect of remeasurement | 20 | 1 | 21 | (44) | - | (44) |
Experience gains (losses) | (5) | 1 | (4) | (26) | - | (26) |
Gain (losses) arising from a change in economic assumptions | 29 | - | 29 | (17) | - | (17) |
Gains (losses) arising from other changes in demographic assumptions | (4) | - | (4) | (1) | - | (1) |
Acquisitions, disposals | - | - | - | (4) | - | (4) |
Translation adjustments | (20) | - | (20) | 4 | - | 4 |
Actuarial benefit obligation at year-end | (638) | (13) | (651) | (621) | (14) | (635) |
December 31, 2024 | December 31, 2023 | |||||
---|---|---|---|---|---|---|
(in millions of euros) | Pension plans | Medical cover | Total | Pension plans | Medical cover | Total |
Fair value of plan assets at start of year | 406 | - | 406 | 387 | - | 387 |
Actuarial return on plan assets | (2) | - | (2) | 30 | - | 30 |
Employer contributions | 30 | (1) | 29 | 23 | 2 | 25 |
Administrative fees | (4) | - | (4) | (3) | - | (3) |
Acquisitions, disposals | - | - | - | - | - | - |
Benefits paid | (37) | 1 | (36) | (33) | (2) | (35) |
Translation adjustments | 17 | - | 17 | 2 | - | 2 |
Fair value of plan assets at year-end | 410 | - | 410 | 406 | - | 406 |
Financial coverage | (228) | (13) | (241) | (215) | (14) | (229) |
Effect of ceiling on value of assets | (12) | - | (12) | (11) | - | (11) |
Net provision for defined benefit pension liabilities and post-employment medical care | (240) | (13) | (253) | (226) | (14) | (240) |
Provision for other long-term benefits | (8) | - | (8) | (11) | - | (11) |
Total provisions for retirement benefit obligations, other post-employment and long-term benefits | (248) | (13) | (261) | (237) | (14) | (251) |