Information by country, 31 December 2018 |
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 |
5,772 |
6,605 |
6,801 |
3,443 |
2,655 |
543 |
1,217 |
27,036 |
||
- of which for actives |
2,866 |
1,375 |
3,005 |
968 |
1,245 |
280 |
982 |
10,721 |
||
- of which for vested deferreds |
1,485 |
1,930 |
946 |
794 |
227 |
20 |
36 |
5,438 |
||
- of which for retirees |
1,421 |
3,300 |
2,850 |
1,681 |
1,183 |
243 |
199 |
10,877 |
||
Plan assets |
2,574 |
6,417 |
6,176 |
3,612 |
1,456 |
526 |
756 |
21,517 |
||
Total surplus/(deficit) |
–3,198 |
–188 |
–625 |
169 |
–1,199 |
–17 |
–461 |
–5,519 |
||
Funding level, % |
45% |
97% |
91% |
105% |
55% |
97% |
62% |
80% |
||
Pension plans recognized according to local rules |
— |
— |
— |
— |
— |
— |
— |
–198 |
||
Duration (remaining term of pension obligation), years |
23 |
17 |
13 |
16 |
10 |
12 |
— |
16 |
||
Amount in income statement/other comprehensive income |
|
|
|
|
|
|
|
|
||
Current service cost |
–194 |
–114 |
–158 |
–95 |
–44 |
–43 |
–48 |
–696 |
||
Net interest |
–62 |
–8 |
–20 |
7 |
–21 |
1 |
–22 |
–125 |
||
Actuarial gains/(losses) |
–700 |
181 |
–36 |
–100 |
–10 |
–11 |
–8 |
–684 |
||
Total cost of defined-benefit pension plans before tax |
–956 |
59 |
–214 |
–188 |
–75 |
–53 |
–78 |
–1,505 |
||
Amount in cash flow |
|
|
|
|
|
|
|
|
||
Employer contributions to pension plans |
— |
–143 |
–184 |
–28 |
–44 |
–15 |
–41 |
–455 |
||
Pension payments directly from the company |
–110 |
— |
–30 |
— |
–64 |
–3 |
–31 |
–238 |
||
Settlements paid |
— |
— |
— |
— |
–7 |
— |
— |
–7 |
||
Key assumptions used in the valuation of the pension liability |
|
|
|
|
|
|
|
|
||
Life expectancy, years1) |
23 |
22 |
22 |
21 |
22 |
23 |
— |
— |
||
Inflation, % |
1.75% |
3.10% |
2.27% |
1.85% |
2.00% |
2.00% |
— |
2.24% |
||
Discount rate, % (weighted average) |
2.50% |
2.90% |
4.20% |
2.10% |
1.75% |
3.76% |
— |
2.92% |
||
Future salary increases (weighted average) |
3,00% |
2.64% |
3.00% |
2.50% |
3.00% |
3.00% |
— |
2.87% |
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