Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

region were as follows: At December 31, 2015, pension obligations and provisions for other post-employment benefit obligations by major geographic

Dec. 31, 2015 (in € millions)

France

Eurozone United Kingdom United States Rest of the World

Net total

Average duration (in years)

16

16

19

14

14

16

Defined benefit obligations - funded plans

540

1,724

4,775

2,829

841

10,709

Defined benefit obligations - unfunded plans

361

113

422

165

1,061

Fair value of plan assets

(270)

(803)

(4,410)

(1,902)

(751)

(8,136)

DEFICIT/(SURPLUS)

631

1,034

365

1,349

255

3,634

Asset ceiling

1

5

6

POST-EMPLOYMENT BENEFIT OBLIGATIONS NET PENSION AND OTHER

631

1,034

366

1,349

260

3,640

Changes in pension and other post-employment benefit obligations 4.3.3.3 Changes in pension and other post-employment benefit obligations are as follows:

post-employment benefit obligations Net pension and other

Pension obligations

Fair value of plan assets

Asset ceiling

(in € millions)

AT JANUARY 1, 2015

11,796

(8,299)

8

3,505

Movements during the year Service cost

211

211

Interest cost/return on plan assets as per calculations

390

(296)

94

Employee contributions and plan administration costs

(1)

(1)

Past service cost

(2)

(2)

Plan curtailments/settlements

(237)

195

(42)

Pension contributions

(116)

(116)

Benefit payments

(498)

411

(87)

Actuarial gains and losses and asset ceiling

(359)

390

(1)

30

Currency translation adjustments

633

(497)

(1)

135

Changes in Packaging Sector

(1)

21

20

Changes in Group structure and reclassifications

(163)

56

(107)

TOTAL MOVEMENTS

(26)

163

(2)

135

AT DECEMBER 31, 2015

11,770

(8,136)

6

3,640

Movements during the year Service cost

189

189

Interest cost/return on plan assets as per calculations

382

(278)

104

Employee contributions and plan administration costs

(1)

(1)

Past service cost

(12)

(12)

Plan curtailments/settlements

(53)

51

(2)

Pension contributions

(732)

(732)

Benefit payments

(491)

399

(92)

Actuarial gains and losses and asset ceiling

1,474

(1,106)

(2)

366

Currency translation adjustments

(599)

558

(41)

Changes in Group structure and reclassifications

4

(1)

3

TOTAL MOVEMENTS

894

(1,110)

(2)

(218)

9

AT DECEMBER 31, 2016

12,664

(9,246)

4

3,422

225

SAINT-GOBAIN - REGISTRATION DOCUMENT 2016