XML 105 R56.htm IDEA: XBRL DOCUMENT v3.24.0.1
Pension Plans and Similar Obligations (Tables)
12 Months Ended
Dec. 31, 2023
Pension Plans and Similar Obligations  
Schedule of Total Expense of Defined Benefit Pension Plans

€ millions

    

2023

    

2022

    

2021

Defined contribution plans

 

381

 

425

 

328

Defined benefit pension plans

 

57

 

22

 

62

Pension expenses

 

438

 

447

 

390

Schedule of Present Value of the defined Benefit obligations (DBO) and the Fair value of the Plan Assets

Domestic Plans

Foreign Plans

Other Foreign Post-

Total

€ millions

Employment Plans

    

2023

    

2022

    

2023

    

2022

    

2023

    

2022

    

2023

    

2022

Present value of the DBO

 

1,060

 

949

 

686

 

577

 

256

 

211

 

2,002

 

1,737

Fair value of the plan assets

 

1,063

 

953

 

672

 

579

 

98

 

91

 

1,833

 

1,623

Net defined benefit liability (asset)1

 

0

 

0

 

64

 

57

 

158

 

120

 

222

 

177

Thereof: Net defined benefit asset

0

0

-17

-16

-63

0

-79

-16

Net defined benefit liability

0

0

80

73

221

120

301

193

Net defined benefit asset as % of / Non-current other financial assets

 

0

 

0

 

0

 

0

 

1

0

 

1

 

0

Net defined benefit liability as % of / Non-current provisions

0

0

19

20

51

33

69

54

¹ After the effects of the asset ceiling

Schedule of Actuarial Assumptions

Percent

Domestic Plans

Foreign Plans

Other Foreign Post-Employment Plans

    

2023

    

2022

    

2021

    

2023

    

2022

    

2021

    

2023

    

2022

    

2021

Discount rate

 

3.5

 

4.2

 

1.2

 

2.0

 

2.6

 

0.5

 

5.3

 

5.5

 

3.1

Schedule of Sensitivity Analysis

€ millions

Domestic Plans

Foreign Plans

Other Foreign Post-Employment Plans

Total

    

2023

    

2022

    

2021

    

2023

    

2022

    

2021

    

2023

    

2022

    

2021

    

2023

    

2022

    

2021

Present value of all defined benefit obligations if:

 

  

 

  

 

 

  

 

  

 

 

  

 

  

 

 

  

 

  

Discount rate was 50 basis points higher

 

1,015

908

1,134

 

649

 

505

 

626

 

247

 

203

 

203

 

1,911

 

1,616

 

1,964

Discount rate was 50 basis points lower

 

1,108

993

1,260

 

727

 

562

 

714

 

266

 

219

 

223

 

2,101

 

1,774

 

2,196

Schedule of Plan Asset Allocation

€ millions

2023

2022

    

Quoted in an

    

Not Quoted in an

    

Quoted in an

    

Not Quoted in an

Active Market

Active Market

Active Market

Active Market

Total plan assets

 

714

 

1,120

 

611

 

1,012

Thereof: Asset category

 

 

 

 

Equity investments

 

190

 

0

 

170

 

0

Corporate bonds

 

233

 

0

 

190

 

0

Insurance policies

 

59

 

1,120

 

41

 

1,012