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Dec. 31, 2007 Dec. 31, 2006
o/w US plans o/w US plans
3. Change in projected benefit obligation
Projected benefit obligation at beginning of year 2,035.4
917.6
1,993.5
972.1
Service cost 53.8
17.8
54.2
18.1
Interest cost (impact of discounting) 99.3
50.4
93.4
52.0
Plan participants' contributions 5.2 - 5.6 -
Benefits paid (101.6)
(39.4)
(92.8)
(41.5)
Actuarial (gains)/losses recognized in equity (39.1)
33.5
43.6
20.6
Modification of pension plan (0.8) - (0.3) -
Changes in the scope of consolidation 40.7 - 28.3 -
Translation adjustments (128.8)
(101.0)
(98.5)
(103.7)
Curtailments and settlements (5.3) - --
Other (0.7) - 8.4 -
Projected benefit obligation at end of year 1,958.1
878.9
2,035.4
917.6
Dec. 31, 2007 Dec. 31, 2006
o/w US plans o/w US plans
4. Change in fair value of plan assets
Fair value of plan assets at beginning of year 1,417.7
886.8
1,395.4
918.8
Expected return on plan assets 105.7
75.1
104.1
75.0
Plan participants' contributions 5.2 - 5.6 -
Employer contributions 26.1
1.1
19.6
5.1
Benefits paid (59.2)
(39.4)
(60.4)
(41.5)
Actuarial gains/(losses) recognized in equity (2.5)
(7.9)
49.6
28.4
Changes in the scope of consolidation 28.1 - 0.4 -
Translation adjustments (120.8)
(95.5)
(105.8)
(99.0)
Curtailments and settlements (4.2) - - -
Other 5.6 - 9.2 -
Fair value of plan assets at end of year 1,401.7
820.2
1,417.7
886.8
Actuarial gains and losses have been fully recognized in "Other reserves" (note 14.7).
They stem from changes in actuarial assumptions (primarily the discount rates) used to measure obligations in the United
Kingdom, the euro zone and the United States.
At December 31, 2007, actuarial losses related to experience adjustments amounted to 36 million for the Group. At
December 31, 2006, actuarial gains and losses related to experience adjustments amounted to 12.1 million in the
United States and the United Kingdom.
The actual return on plan assets came to 103 million.
Actuarial gains and losses have been fully recognized in "Other reserves" (note 14.7).
They stem from differences between the actual and expected return on assets in the United States, Canada and the
United Kingdom.
Dec. 31, 2007 Dec. 31, 2006
o/w US plans o/w US plans
5. Funded status
Projected benefit obligation (1,958.1)
(878.9)
(2,035.4)
(917.6)
Fair value of plan assets 1,401.7
820.2
1,417.7
886.8
Effect of the asset ceiling (9.4) - - -
Deferred items:
Unrecognized past service cost 0.8
0.3
0.9
0.6
Net Asset/(Liability) recognized in the balance sheet (565.0)
(58.4)
(616.8)
(30.2)
132