Other long-term benefits
Other long-term benefits may be granted by certain Group companies to their employees, such as personal protection coverage and
long-
service awards. The Group’s obligations in respect of these benefits are determined by applying a similar method to that used to
determine the obligations relating to defined benefit retirement plans.
The amounts recognized in the balance sheet in respect of these plans correspond to the present value of the obligations, as detailed
above. They are presented under the heading Provisions for retirement obligations and other long-term benefits. The actuarial gains and
losses resulting from experience adjustments and changes in the actuarial assumptions used to calculate obligations are recognized in
full within Recurring operating income of the fiscal year in which they are incurred.
Defined benefit retirement plans
Provisions for retirement obligations and other long-term benefits
As of December 31
(in € millions)
2018
2019
Defined benefit retirement plans
843
1,063
Other long-term benefits
25
28
Total
868
1,091
Defined benefit retirement plans and other post-employment benefits
Carrying amount of gross obligations
As of December 31
(in percentage)
2018
2019
Retirement plan for senior managers
32%
32%
Other
17%
18%
France
49%
50%
Germany
12%
11%
Indonesia
8%
9%
Belgium
7%
7%
United States
7%
7%
Ireland
6%
6%
Other
(a)
11%
9%
Total
100%
100%
(a) Several countries, none of which
represent more than 5% of the Group’s gross obligations.
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