| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Pension plans | Medical cover | Total | Pension plans | Medical cover | Total |
| Fair value of plan assets at start of year | 410 | - | 410 | 406 | - | 406 |
| Actuarial return on plan assets | 30 | - | 30 | (2) | - | (2) |
| Employer contributions | 23 | (1) | 22 | 30 | (1) | 29 |
| Administrative fees | (4) | - | (4) | (4) | - | (4) |
| Acquisitions, disposals | - | - | - | - | - | - |
| Benefits paid | (49) | 1 | (48) | (37) | 1 | (36) |
| Translation adjustments | (30) | - | (30) | 17 | - | 17 |
| Fair value of plan assets at year-end | 380 | - | 380 | 410 | - | 410 |
| Financial coverage | (229) | (11) | (240) | (228) | (13) | (241) |
| Effect of ceiling on value of assets | (4) | - | (4) | (12) | - | (12) |
| Net provision for defined benefit pension liabilities and post-employment medical care médicale post-emploi | (233) | (11) | (244) | (240) | (13) | (253) |
| Provision for other long-term benefits long-terme | (23) | - | (23) | (8) | - | (8) |
| Net pension commitments and other employee benefits | (256) | (11) | (267) | (248) | (13) | (261) |
| December 31, 2025 | December 31, 2024 | |||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Pension plans | Medical cover | Total | Pension plans | Medical cover | Total |
| Cost of services rendered | (43) | - | (43) | (29) | - | (29) |
| Financial expenses | (8) | (1) | (9) | (8) | (1) | (9) |
| Defined benefit plan expense | (51) | (1) | (52) | (37) | (1) | (38) |
|
Cost of other plans (including defined contribution plans) and other benefits |
(210) | - | (210) | (218) | - | (218) |
| Administrative fees excluding plan management fees | (5) | - | (5) | (6) | - | (6) |
| Total retirement costs recognized in the income statement | (266) | (1) | (267) | (261) | (1) | (262) |
| of which personnel costs (see note 5) | (258) | - | (258) | (254) | - | (254) |
| of which financial result | (8) | (1) | (9) | (7) | (1) | (8) |
In 2025, the cost of services rendered includes the estimated impact of the new provisions introduced by the reform of the Labour Code in India, which came into effect in November 2025.
