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9
FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
225
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
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:
(in € millions)
Pension
obligations
Fair value
of plan assets
Asset
ceiling
post-employment
benefit obligations
Net pension and other
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)
AT DECEMBER 31, 2016
12,664
(9,246)
4
3,422