Universal Registration Document 2024

Glossary

/ Net carrying amount of the provision
(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, 2024

31

Pension plan surpluses

(1)
December 31, 2023

35

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)
/ Change in the actuarial benefit obligation
  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)
/ Change in the fair value of plan assets
  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)