|
|
|
2017 |
|
2016 |
||||||||||||
|
|
|
United States |
|
United States |
|
Other |
|
|
|
United States |
|
United States |
|
Other |
|
|
|
EURm |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
As of January 1 |
|
(19 784) |
|
(3 061) |
|
(5 818) |
|
(28 663) |
|
(58) |
|
– |
|
(1 782) |
|
(1 840) |
|
Current service cost |
|
(75) |
|
– |
|
(105) |
|
(180) |
|
(63) |
|
– |
|
(92) |
|
(155) |
|
Interest expense |
|
(652) |
|
(98) |
|
(112) |
|
(862) |
|
(711) |
|
(111) |
|
(150) |
|
(972) |
|
Past service cost and gains on curtailments |
|
(39) |
|
(1) |
|
43 |
|
3 |
|
(13) |
|
– |
|
11 |
|
(2) |
|
Settlements |
|
13 |
|
– |
|
10 |
|
23 |
|
5 |
|
– |
|
6 |
|
11 |
|
Total |
|
(753) |
|
(99) |
|
(164) |
|
(1 016) |
|
(782) |
|
(111) |
|
(225) |
|
(1 118) |
|
Remeasurements: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain/(loss) from change in demographic assumptions |
|
141 |
|
33 |
|
(38) |
|
136 |
|
79 |
|
15 |
|
(13) |
|
81 |
|
Loss from change in financial assumptions |
|
(747) |
|
(141) |
|
(148) |
|
(1 036) |
|
(301) |
|
(60) |
|
(593) |
|
(954) |
|
Experience gain/(loss) |
|
60 |
|
204 |
|
3 |
|
267 |
|
227 |
|
205 |
|
(74) |
|
358 |
|
Total(1) |
|
(546) |
|
96 |
|
(183) |
|
(633) |
|
5 |
|
160 |
|
(680) |
|
(515) |
|
Translation differences(1) |
|
2 422 |
|
370 |
|
123 |
|
2 915 |
|
(615) |
|
(91) |
|
166 |
|
(540) |
|
Contributions from plan participants |
|
– |
|
(111) |
|
(24) |
|
(135) |
|
– |
|
(124) |
|
(20) |
|
(144) |
|
Benefit payments from plans |
|
1 555 |
|
303 |
|
246 |
|
2 104 |
|
1 595 |
|
366 |
|
243 |
|
2 204 |
|
Acquisitions through business combinations |
|
– |
|
– |
|
– |
|
– |
|
(19 919) |
|
(3 243) |
|
(3 431) |
|
(26 593) |
|
Other |
|
10 |
|
(16) |
|
(63) |
|
(69) |
|
(10) |
|
(18) |
|
(89) |
|
(117) |
|
Total |
|
3 987 |
|
546 |
|
282 |
|
4 815 |
|
(18 949) |
|
(3 110) |
|
(3 131) |
|
(25 190) |
|
As of December 31 |
|
(17 096) |
|
(2 518) |
|
(5 883) |
|
(25 497) |
|
(19 784) |
|
(3 061) |
|
(5 818) |
|
(28 663) |
|
(1) |
Includes CTA due to translation differences. |
The movements in the fair value of plan assets for the years ended December 31:
|
|
|
2017 |
|
2016 |
||||||||||||
|
|
|
United States |
|
United States |
|
Other |
|
|
|
United States |
|
United States |
|
Other |
|
|
|
EURm |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
As of January 1 |
|
22 301 |
|
579 |
|
4 890 |
|
27 770 |
|
57 |
|
– |
|
1 394 |
|
1 451 |
|
Interest income |
|
738 |
|
16 |
|
101 |
|
855 |
|
774 |
|
18 |
|
135 |
|
927 |
|
Administrative expenses and interest on asset ceiling |
|
(17) |
|
– |
|
(1) |
|
(18) |
|
(19) |
|
– |
|
(1) |
|
(20) |
|
Settlements |
|
(12) |
|
– |
|
(11) |
|
(23) |
|
(5) |
|
– |
|
(6) |
|
(11) |
|
Total |
|
709 |
|
16 |
|
89 |
|
814 |
|
750 |
|
18 |
|
128 |
|
896 |
|
Remeasurements: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on plan assets, excluding amounts included in interest income |
|
1 369 |
|
37 |
|
183 |
|
1 589 |
|
947 |
|
6 |
|
387 |
|
1 340 |
|
Total |
|
1 369 |
|
37 |
|
183 |
|
1 589 |
|
947 |
|
6 |
|
387 |
|
1 340 |
|
Translation differences |
|
(2 725) |
|
(71) |
|
(111) |
|
(2 907) |
|
709 |
|
16 |
|
(207) |
|
518 |
|
Contributions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employers |
|
28 |
|
3 |
|
129 |
|
160 |
|
32 |
|
10 |
|
74 |
|
116 |
|
Plan participants |
|
– |
|
111 |
|
24 |
|
135 |
|
– |
|
124 |
|
20 |
|
144 |
|
Benefit payments from plans |
|
(1 555) |
|
(303) |
|
(158) |
|
(2 016) |
|
(1 595) |
|
(366) |
|
(164) |
|
(2 125) |
|
Acquisitions through business combinations |
|
– |
|
– |
|
– |
|
– |
|
21 571 |
|
599 |
|
3 182 |
|
25 352 |
|
Section 420 Transfer(1) |
|
(160) |
|
160 |
|
– |
|
– |
|
(172) |
|
172 |
|
– |
|
– |
|
Other |
|
– |
|
– |
|
(10) |
|
(10) |
|
2 |
|
– |
|
76 |
|
78 |
|
Total |
|
(4 412) |
|
(100) |
|
(126) |
|
(4 638) |
|
20 547 |
|
555 |
|
2 981 |
|
24 083 |
|
As of December 31 |
|
19 967 |
|
532 |
|
5 036 |
|
25 535 |
|
22 301 |
|
579 |
|
4 890 |
|
27 770 |
|
(1) |
Section 420 Transfer. Refer to ‘Future Cash Flow’ section below. |
The movements in the funded status for the years ended December 31:
|
|
|
2017 |
|
2016 |
||||||||||||
|
|
|
United States |
|
United States |
|
Other |
|
|
|
United States |
|
United States |
|
Other |
|
|
|
EURm |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
As of January 1 |
|
2 517 |
|
(2 482) |
|
(928) |
|
(893) |
|
(1) |
|
– |
|
(388) |
|
(389) |
|
Current service cost |
|
(75) |
|
– |
|
(105) |
|
(180) |
|
(63) |
|
– |
|
(92) |
|
(155) |
|
Interest income/(expense) |
|
69 |
|
(82) |
|
(12) |
|
(25) |
|
44 |
|
(93) |
|
(16) |
|
(65) |
|
Past service cost and gains on curtailments |
|
(39) |
|
(1) |
|
43 |
|
3 |
|
(13) |
|
– |
|
11 |
|
(2) |
|
Settlements |
|
1 |
|
– |
|
(1) |
|
– |
|
– |
|
– |
|
– |
|
– |
|
Total |
|
(44) |
|
(83) |
|
(75) |
|
(202) |
|
(32) |
|
(93) |
|
(97) |
|
(222) |
|
Remeasurements: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on plan assets, excluding amounts included in interest income |
|
1 369 |
|
37 |
|
183 |
|
1 589 |
|
947 |
|
6 |
|
387 |
|
1 340 |
|
Gain/(loss) from change in demographic assumptions |
|
141 |
|
33 |
|
(38) |
|
136 |
|
79 |
|
15 |
|
(13) |
|
81 |
|
Loss from change in financial assumptions |
|
(747) |
|
(141) |
|
(148) |
|
(1 036) |
|
(301) |
|
(60) |
|
(593) |
|
(954) |
|
Experience gain/(loss) |
|
60 |
|
204 |
|
3 |
|
267 |
|
227 |
|
205 |
|
(74) |
|
358 |
|
Total (1) |
|
823 |
|
133 |
|
– |
|
956 |
|
952 |
|
166 |
|
(293) |
|
825 |
|
Translation differences(1) |
|
(303) |
|
299 |
|
12 |
|
8 |
|
94 |
|
(75) |
|
(41) |
|
(22) |
|
Employer contributions |
|
28 |
|
3 |
|
129 |
|
160 |
|
32 |
|
10 |
|
74 |
|
116 |
|
Benefit payments from plans |
|
– |
|
– |
|
88 |
|
88 |
|
– |
|
– |
|
79 |
|
79 |
|
Acquisitions through business combinations |
|
– |
|
– |
|
– |
|
– |
|
1 652 |
|
(2 644) |
|
(249) |
|
(1 241) |
|
Section 420 Transfer(2) |
|
(160) |
|
160 |
|
– |
|
– |
|
(172) |
|
172 |
|
– |
|
– |
|
Other |
|
10 |
|
(16) |
|
(73) |
|
(79) |
|
(8) |
|
(18) |
|
(13) |
|
(39) |
|
Total |
|
(425) |
|
446 |
|
156 |
|
177 |
|
1 598 |
|
(2 555) |
|
(150) |
|
(1 107) |
|
As of December 31 |
|
2 871 |
|
(1 986) |
|
(847) |
|
38 |
|
2 517 |
|
(2 482) |
|
(928) |
|
(893) |
|
(1) |
Includes CTA due to translation differences. |
|
(2) |
Section 420 Transfer. Refer to ‘Future Cash Flow’ section below. |
The movements in the impact of the asset ceiling limitation for the years ended December 31:
|
|
|
2017 |
|
2016 |
||||||||||||
|
|
|
United States |
|
United States |
|
Other |
|
|
|
United States |
|
United States |
|
Other |
|
|
|
EURm |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
pension |
|
Opeb |
|
pension |
|
Total |
|
As of January 1 |
|
(265) |
|
– |
|
(40) |
|
(305) |
|
– |
|
– |
|
(9) |
|
(9) |
|
Interest expense |
|
(11) |
|
– |
|
(1) |
|
(12) |
|
(1) |
|
– |
|
(1) |
|
(2) |
|
Remeasurements: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in asset ceiling, excluding amounts included in interest expense |
|
(224) |
|
– |
|
(9) |
|
(233) |
|
(251) |
|
– |
|
(7) |
|
(258) |
|
Acquisitions through business combinations |
|
– |
|
– |
|
– |
|
– |
|
– |
|
– |
|
(22) |
|
(22) |
|
Translation differences |
|
47 |
|
– |
|
4 |
|
51 |
|
(13) |
|
– |
|
(1) |
|
(14) |
|
As of December 31 |
|
(453) |
|
– |
|
(46) |
|
(499) |
|
(265) |
|
– |
|
(40) |
|
(305) |