|
|
|
|
|
|
|
|
|
Defined benefit plan obligations |
|
$ million, except where indicated |
||||
|
|
|
2017 |
|
|
2016 |
|
|
At January 1 |
|
94,405 |
|
|
89,426 |
|
|
Current service cost |
|
1,550 |
|
|
1,585 |
|
|
Interest expense |
|
2,309 |
|
|
2,643 |
|
|
Actuarial losses |
|
3,525 |
|
|
9,940 |
|
|
Benefit payments |
|
(4,579) |
|
|
(3,847) |
|
|
Other movements |
|
(949) |
|
|
1,006 |
[A] |
|
Currency translation differences |
|
8,024 |
|
|
(6,348) |
|
|
At December 31 |
|
104,285 |
|
|
94,405 |
|
|
Comprising: |
|
|
|
|
|
|
|
Funded pension plans |
|
94,903 |
|
|
85,357 |
|
|
Weighted average duration |
|
19 years |
|
|
18 years |
|
|
Unfunded pension plans |
|
4,824 |
|
|
4,463 |
|
|
Weighted average duration |
|
12 years |
|
|
11 years |
|
|
Other unfunded plans |
|
4,558 |
|
|
4,585 |
|
|
Weighted average duration |
|
13 years |
|
|
13 years |
|
[A] Includes additions to obligations on acquisition of BG of $1,958 million.
|
|
|
|
|
|
|
|
|
Defined benefit plan assets |
|
$ million, except where indicated |
||||
|
|
|
2017 |
|
|
2016 |
|
|
At January 1 |
|
81,276 |
|
|
80,851 |
|
|
Return on plan assets (in excess of interest income) |
|
4,942 |
|
|
5,106 |
|
|
Interest income |
|
2,019 |
|
|
2,358 |
|
|
Employer contributions |
|
1,804 |
|
|
1,341 |
|
|
Plan participants’ contributions |
|
50 |
|
|
58 |
|
|
Benefit payments |
|
(4,294) |
|
|
(3,560) |
|
|
Other movements |
|
(245) |
|
|
1,211 |
[A] |
|
Currency translation differences |
|
7,691 |
|
|
(6,089) |
|
|
At December 31 |
|
93,243 |
|
|
81,276 |
|
|
Comprising: |
|
|
|
|
|
|
|
Quoted in active markets: |
|
|
|
|
|
|
|
Equities |
|
32% |
|
|
29% |
|
|
Debt securities |
|
45% |
|
|
46% |
|
|
Real estate |
|
1% |
|
|
1% |
|
|
Investment funds |
|
1% |
|
|
1% |
|
|
Other |
|
1% |
|
|
1% |
|
|
Other: |
|
|
|
|
|
|
|
Equities |
|
7% |
|
|
9% |
|
|
Debt securities |
|
3% |
|
|
3% |
|
|
Real estate |
|
6% |
|
|
6% |
|
|
Investment funds |
|
3% |
|
|
2% |
|
|
Other |
|
1% |
|
|
2% |
|
[A] Includes additions to plan assets on acquisition of BG of $2,194 million.