Information by country, 31 December 2017 |
Sweden |
UK |
US |
Finland |
Germany |
Canada |
Other |
Total |
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|
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Amount in the balance sheet |
||||||||||
Present value of funded and unfunded pension obligations |
5,008 |
7,026 |
6,563 |
3,086 |
2,586 |
567 |
1,291 |
26,127 |
||
- of which for actives |
2,553 |
1,571 |
3,170 |
884 |
1,224 |
308 |
1,077 |
10,787 |
||
- of which for vested deferreds |
1,167 |
2,140 |
836 |
754 |
242 |
16 |
50 |
5,205 |
||
- of which for retirees |
1,288 |
3,315 |
2,557 |
1,448 |
1,120 |
243 |
164 |
10,135 |
||
Plan assets |
2,657 |
6,650 |
5,980 |
3,402 |
1,384 |
585 |
746 |
21,404 |
||
Total surplus/(deficit) |
–2,351 |
–376 |
–583 |
316 |
–1,202 |
18 |
–545 |
–4,723 |
||
Funding level, % |
53% |
95% |
91% |
110% |
54% |
103% |
58% |
82% |
||
Pension plans recognized according to local rules |
— |
— |
— |
— |
— |
— |
— |
–212 |
||
Duration (remaining term of pension obligation), years |
23 |
18 |
15 |
17 |
9 |
12 |
— |
17 |
||
Amount in income statement/other comprehensive income |
||||||||||
Current service cost |
–140 |
–65 |
–127 |
–84 |
–53 |
–17 |
76 |
–410 |
||
Net interest |
–61 |
–21 |
–37 |
2 |
–19 |
2 |
–20 |
–154 |
||
Actuarial gains/(losses) |
–185 |
379 |
303 |
273 |
64 |
–24 |
50 |
860 |
||
Total cost of defined-benefit pension plans before tax |
–386 |
293 |
139 |
191 |
–8 |
–39 |
106 |
296 |
||
Amount in cash flow |
||||||||||
Employer contributions to pension plans |
— |
–64 |
–186 |
–23 |
–44 |
–3 |
–62 |
–382 |
||
Pension payments directly from the company |
–106 |
— |
–28 |
— |
–61 |
–2 |
–38 |
–235 |
||
Settlements paid |
— |
— |
— |
— |
–55 |
— |
–20 |
–75 |
||
Key assumptions used in the valuation of the pension liability |
||||||||||
Life expectancy, years1) |
22 |
22 |
21 |
21 |
21 |
22 |
— |
— |
||
Inflation, % |
1.50% |
3.10% |
2.27% |
1.60% |
1.99% |
2.43% |
— |
2.22% |
||
Discount rate, % (weighted average) |
2.70% |
2.50% |
3.74% |
2.00% |
1.72% |
3.48% |
— |
2.72% |
||
Future salary increases (weighted average) |
3.00% |
2.64% |
3.00% |
2.50% |
2.98% |
3.00% |
— |
2.87% |
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