SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017
9
Financial and accounting information 2017 Consolidated financial statements
At December 31, 2016, pension obligations and provisions for other post-employment benefit obligations by major geographic region were as follows: Dec.b31, 2016 (inɸ€ millions) France Eurozone United Kingdom United States Rest of the World Net total AVERAGE DURATION (IN YEARS) 16 16 19 13 15 16 Defined benefit obligations - funded plans 563 1,781 5,278 2,975 937 11,534 Defined benefit obligations - unfunded plans 402 126 402 200 1,130 Fair value of plan assets (256) (829) (4,814) (2,519) (828) (9,246) DEFICIT/(SURPLUS) 709 1,078 464 858 309 3,418 Asset ceiling 4 4 NET PENSION AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS 709 1,078 464 858 313 3,422
Changes in provisions 4.3.3.3. Changes in pension and other post-employment benefit obligations are as follows:
Net pension and other post-employment benefit obligations
Pension obligations
Fair value of plan assets
Asset ceiling
(inɸ€ millions)
AT JANUARYb1, 2016 Changes during the year Service cost
11,770
(8,136)
6
3,640
189 382
189 104
Interest cost/return on plan assets as per calculations Employee contributions and plan administration costs
(278)
(1)
(1)
Past service cost
(12) (53)
(12)
Plan curtailments/settlements
51
(2)
Pension contributions
(732)
(732)
Benefit payments
(491) 1,474 (599)
399
(92) 366 (41)
Actuarial gains and losses and asset ceiling
(1,106)
(2)
Currency translation adjustments
558
Changes in Group structure and reclassifications
4
(1)
3
TOTAL CHANGES
894
(1,110) (9,246)
(2)
(218) 3,422
AT DECEMBER 31, 2016 Changes during the year Service cost
12,664
4
210 324
210
Interest cost/return on plan assets as per calculations Employee contributions and plan administration costs
(247)
77 (1)
(1)
Past service cost
(89) (67)
(89) (19)
Plan curtailments/settlements
48
Pension contributions
(306)
(306)
Benefit payments
(626)
530
(96)
Actuarial gains and losses and asset ceiling
109
(573)
(1)
(465) (110)
Currency translation adjustments
(674)
564 (43) (28)
Changes in Group structure and reclassifications
46
3
TOTAL CHANGES
(767)
(1)
(796) 2,626
AT DECEMBER 31, 2017
11,897
(9,274)
3
In the United States, plan amendments led to a reduction of around USD 100 million (€88 million) in pension obligations, recognized within “Past service cost”.
238 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017
Made with FlippingBook flipbook maker