05 Financial performance 2024 consolidated financial statements The movements in net defined benefit obligations recognized in the consolidated statement of financial position are shown below: (in € millions) 2024 2023 Pension plans Other plans Total, defined benefit plans Pension plans Other plans Total, defined benefit plans AT JANUARY 1 1,013 1,408 2,421 1,005 1,325 2,330 Contributions paid to the funds (8) (8) (16) (11) - (11) Benefits paid to the beneficiaries (42) (66) (108) (39) (57) (96) Other movements - (3) (3) - 3 3 ITEMS RECOGNIZED IN OPERATING INCOME Current service cost 18 61 79 18 52 70 Actuarial (gains) or losses - 3 3 - 1 1 Plan modifications, curtailments or settlements (1) (26) (27) (13) 12 (1) Other items 19 - 19 18 - 18 Total recognized in operating income 36 38 74 23 65 88 ITEMS RECOGNIZED OUTSIDE OPERATING INCOME Net interest on employee benefit obligations 32 52 84 37 58 95 ITEMS RECOGNIZED IN OTHER COMPREHENSIVE INCOME Translation adjustments 8 23 31 (15) (23) (38) Actuarial (gains) or losses n Due to changes in demographic assumptions: – Due to changes in assumptions (11) (3) (14) (81) (7) (88) – Due to experience adjustments 5 (1) 4 (82) (13) (95) n Due to changes in financial assumptions: – Due to changes in assumptions (295) (46) (341) 165 52 217 – Due to experience adjustments 484 11 495 18 6 24 Total actuarial (gains) or losses 183 (39) 144 20 38 58 Unrecognized assets due to the effect of the asset ceiling (3) (3) (6) (7) (1) (8) AT DECEMBER 31 1,219 1,402 2,621 1,013 1,408 2,421 381 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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