Saint-Gobain // Universal Registration Document 2021

Financial and accounting information 2021 Consolidated Financial Statements

6.3.3.3 Changes in provisions Changes in pensions 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

(in EUR millions)

AT JANUARY 1, 2020 Changes during the year Service cost

12,235

(10,024)

8

2,219

202 232

202

Interest cost/return on plan assets as per calculations Employee contributions and plan administration costs

(204)

28

1

1 1

Past service cost

1

Plan curtailments/settlements

(5)

2

(3)

Pension contributions

(119) 459

(119) (91)

Benefit payments

(550) 1,070 (613)

Actuarial gains and losses and asset ceiling

(1,086)

7

(9)

Translation adjustments

597

(2)

(18) (12) (33) (53)

Changes in Group structure and reclassifications

(14) (35) 288

2 2

Liabilities held for sale

TOTAL CHANGES

(346)

5

AT DECEMBER 31, 2020 Changes during the year Service cost

12,523

(10,370)

13

2,166

205 189

205

Interest cost/return on plan assets as per calculations Employee contributions and plan administration costs

(160)

29 (3)

(3)

Past service cost

11

11

Plan curtailments/settlements

13

13

Pension contributions

(492)

(492)

Benefit payments

(625) (597)

532

(93)

Actuarial gains and losses and asset ceiling

(222) (693)

17

(802)

Translation adjustments

677 (31)

1

(15) (32)

Changes in Group structure and reclassifications

(1)

Liabilities held for sale

(9)

7

(2)

TOTAL CHANGES

(167)

(1,032) (11,402)

18 31

(1,181)

AT DECEMBER 31, 2021

12,356

985

6.3.3.4 Actuarial gains and losses Actuarial gains and losses on provisions result from the following items:

6.3.3.5 Plan assets Plan assets have been progressively built up by contributions, primarily in the United Kingdom and the United States. Contributions paid in by the Group totaled €492 million in 2021 (2020: €119 million), of which €380 million relates to an exceptional contribution in Germany. A 0.5-point increase or decrease in the actual return on plan assets would have an impact of approximately €56 million on equity. Plan assets mainly comprise:

8

2021 (597) (222)

2020 1,070

(in EUR millions)

Pension obligations

Fair value of plan assets

(1,086)

Asset ceiling

17

7

TOTAL CHANGES

(802)

(9)

Dec. 31, 2021 Dec. 31, 2020

Equities Bonds Other TOTAL

17% 63% 20%

22% 56% 22%

100%

100%

Contributions to pension plans for 2022 are estimated at around €87 million.

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 301