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Note 25 (Tables) | 12 Months Ended
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Dec. 31, 2022
Post Employment And Other Employee Benefit Commitments [Abstract] |
Net defined benefit liability asset on the consolidated balance sheet [Table Text Block] | The breakdown of the net defined benefit liability recorded on the balance sheet as of December 31, 2022, 2021 and 2020 is provided below:
Net defined benefit liability (asset) on the consolidated balance sheet (Millions of Euros)
| Notes | 2022 | 2021 | 2020
Pension commitments |  | 3,661 | 4,218 | 4,539
Early retirement commitments |  | 606 | 952 | 1,247
Medical benefits commitments |  | 1,448 | 1,377 | 1,562
Other long term employee benefits |  | 466 | 632 | 49
Total commitments |  | 6,181 | 7,180 | 7,398
Pension plan assets |  | 1,608 | 1,494 | 1,608
Medical benefit plan assets |  | 1,476 | 1,494 | 1,484
Total plan assets (1) |  | 3,084 | 2,988 | 3,092
Total net liability / asset |  | 3,097 | 4,193 | 4,305
Of which: Net asset on the consolidated balance sheet (2) |  | (1) | (15) | (16)
Of which: Net liability on the consolidated balance sheet for provisions for pensions and similar obligations (3) | 24 | 2,632 | 3,576 | 4,272
Of which: Net liability on the consolidated balance sheet for other long term employee benefits (4) | 24 | 466 | 632 | 49
(1) In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of €188 million as of December 31, 2022 which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the Consolidated Financial Statements, because although it could be used to reduce future pension contributions it could not be immediately refunded to the employer. (2) Recorded under the heading “Other Assets - Other” of the consolidated balance sheet (see Note 20). (3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet. (4) Recorded under the heading “Provisions – Other long-term employee benefits” of the consolidated balance sheet. The variation is mainly explained by the collective layoff procedure that was carried out at Banco Bilbao Vizcaya Argentaria, S.A.
Consolidated Income Statement Impact [Table Text Block] | The impact relating to benefit commitments charged to consolidated income statement for the years 2022, 2021 and 2020 is as follows:
Consolidated income statement impact (Millions of Euros)
| Notes | 2022 | 2021 | 2020
Interest and other expense |  | 75 | 37 | 44
Interest expense |  | 342 | 257 | 265
Interest income |  | (267) | (220) | (220)
Personnel expense |  | 130 | 120 | 121
Defined contribution plan expense | 44.1 | 87 | 71 | 72
Defined benefit plan expense | 44.1 | 43 | 49 | 49
Provisions or (reversal) of provisions | 46 | (89) | 61 | 210
Early retirement expense |  | — | 100 | 224
Past service cost expense |  | 34 | (28) | (8)
Remeasurements (1) |  | (126) | (16) | (11)
Other provision expense |  | 3 | 6 | 4
Total impact on consolidated income statement: expense (income) | 116 | 218 | 375
(1) Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits that are charged to the income statements (see Note 2.2.12).
Equity impact [Table Text Block] | The amounts relating to post-employment benefits charged to the consolidated balance sheet correspond to the actuarial gains (losses) on remeasurement of the net defined benefit liability relating to pension and medical commitments before income taxes as of December 31, 2022, 2021 and 2020 are as follows:
Equity impact (Millions of Euros)
| 2022 | 2021 | 2020
Defined benefit plans | (363) | 52 | 161
Post-employment medical benefits | (71) | (257) | 30
Total impact on equity: debit (credit) | (433) | (206) | 191
Defined benefits [Table Text Block] | Defined benefit commitments relate mainly to employees who have already retired or taken early retirement, certain closed groups of active employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. For the latter, the Group pays the required premiums to fully insure the related liability. The change in these pension commitments during the years ended December 31, 2022, 2021 and 2020 is presented below:
Defined benefits (Millions of Euros)
| 2022 | 2021 | 2020
| Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset)
Balance at the beginning | 6,547 | 2,988 | 3,560 | 7,348 | 3,092 | 4,256 | 8,116 | 3,493 | 4,622
Current service cost | 45 | — | 45 | 53 | — | 53 | 53 | — | 53
Interest income/expense | 333 | 267 | 65 | 253 | 220 | 33 | 261 | 219 | 42
Contributions by plan participants | 10 | 10 | — | 5 | 5 | — | 4 | 4 | —
Employer contributions | — | 67 | (67) | — | 4 | (4) | — | 124 | (124)
Past service costs (1) | 34 | — | 34 | 75 | — | 75 | 219 | — | 219
Remeasurements: | (741) | (240) | (501) | (406) | (184) | (223) | 364 | 176 | 187
Return on plan assets (2) | — | (240) | 240 | — | (184) | 184 | — | 176 | (176)
From changes in demographic assumptions | (29) | — | (29) | (121) | — | (121) | 57 | — | 57
From changes in financial assumptions | (812) | — | (812) | (259) | — | (259) | 276 | — | 276
Other actuarial gains and losses | 100 | — | 100 | (27) | — | (27) | 30 | — | 30
Benefit payments | (676) | (184) | (492) | (765) | (158) | (608) | (839) | (185) | (654)
Settlement payments | (4) | (4) | — | (1) | (1) | — | — | — | —
Business combinations and disposals (3) | — | — | — | (2) | 1 | (3) | (371) | (327) | (44)
Effect on changes in foreign exchange rates | 161 | 180 | (20) | (24) | 8 | (32) | (459) | (409) | (50)
Conversions to defined contributions | — | — | — | — | — | — | — | — | —
Other effects | 7 | — | 7 | 13 | — | 13 | 1 | (3) | 4
Balance at the end | 5,715 | 3,084 | 2,631 | 6,547 | 2,988 | 3,560 | 7,348 | 3,092 | 4,256
Of which: Spain | 2,546 | 147 | 2,399 | 3,670 | 206 | 3,464 | 4,288 | 249 | 4,039
Of which: Mexico | 2,426 | 2,329 | 97 | 2,150 | 2,149 | 1 | 2,219 | 2,122 | 97
Of which: The United States | — | — | — | — | — | — | — | — | —
Of which: Turkey | 418 | 315 | 103 | 272 | 209 | 63 | 367 | 282 | 85
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". (3) The amount in 2020 in mainly due to the companies in the United States included in the USA Sale (see Notes 3 and 21).
Actuarial assumptions percentage [Table Text Block] | The following table sets out the key actuarial assumptions used in the valuation of these commitments as of December 31, 2022, 2021 and 2020:
Actuarial assumptions (%)
| 2022 | 2021 | 2020
| Spain | Mexico | Turkey | Spain | Mexico | Turkey | Spain | Mexico | Turkey
Discount rate | 3.91 | % | 10.68 | % | 17.79 | % | 0.74 | % | 9.68 | % | 19.10 | % | 0.53 | % | 8.37 | % | 13.00 | %
Rate of salary increase | — |  | 4.50 | % | 15.86 | % | — |  | 4.00 | % | 16.60 | % | — |  | 4.00 | % | 11.20 | %
Rate of pension increase | — |  | 4.41 | % | 14.36 | % | — |  | 2.95 | % | 15.10 | % | — |  | 1.94 | % | 9.70 | %
Medical cost trend rate | — |  | 8.04 | % | 18.56 | % | — |  | 7.00 | % | 19.30 | % | — |  | 7.00 | % | 13.90 | %
Mortality tables | PER 2020 | EMSSA09 | TUIK 2019 | PER 2020 | EMSSA09 | CSO2001 | PER 2020 | EMSSA09 | CSO2001
Sensitivity analysis [Table Text Block] | Changes in the main actuarial assumptions may affect the valuation of the commitments. The table below shows the sensitivity of the benefit obligations to changes in the key assumptions:
Sensitivity analysis (Millions of Euros)
| Basis points change | 2022 | 2021 | 2020
| Increase | Decrease | Increase | Decrease | Increase | Decrease
Discount rate | 50 | (321) | 350 | (282) | 307 | (354) | 390
Rate of salary increase | 50 | 1 | (1) | 2 | (2) | 4 | (4)
Rate of pension increase | 50 | 32 | (39) | 28 | (26) | 29 | (27)
Medical cost trend rate | 50 | 119 | (106) | 109 | (98) | 145 | (129)
Change in obligation from each additional year of longevity |  | 113 | — | 170 | — | 211 | —
Post employment commitments [Table Text Block] | The change in the benefit plan obligations and plan assets during the year ended December 31, 2022 was as follows:
Post-employment commitments 2022 (Millions of Euros)
| Spain | Mexico | Turkey | Rest of the world
Defined benefit obligation |  |  |  |
Balance at the beginning | 3,670 | 779 | 272 | 449
Current service cost | 4 | 7 | 13 | 3
Interest income or expense | 53 | 84 | 42 | 10
Contributions by plan participants | — | — | 8 | 1
Employer contributions | — | — | — | —
Past service costs (1) | — | 1 | 2 | 3
Remeasurements: | (677) | 107 | 166 | (122)
Return on plan assets (2) | — | — | — | —
From changes in demographic assumptions | — | — | (37) | 8
From changes in financial assumptions | (643) | 73 | 82 | (132)
Other actuarial gains and losses | (34) | 34 | 122 | 2
Benefit payments | (511) | (77) | (15) | (13)
Settlement payments | — | (1) | — | (3)
Business combinations and disposals | — | — | — | —
Effect on changes in foreign exchange rates | — | 85 | (70) | (9)
Conversions to defined contributions | — | — | — | —
Other effects | 7 | — | — | —
Balance at the end | 2,546 | 985 | 418 | 318
Of which: Vested benefit obligation relating to current employees | 2,491 |  |  |
Of which: Vested benefit obligation relating to retired employees | 55 |  |  |
Plan Assets |  |  |  |
Balance at the beginning | 206 | 655 | 209 | 424
Current service cost | — | — | — | —
Interest income or expense | 2 | 69 | 33 | 6
Contributions by plan participants | — | — | 8 | 1
Employer contributions | — | 41 | 22 | 3
Past service costs (1) | — | — | — | —
Remeasurements: | (34) | (45) | 104 | (121)
Return on plan assets (2) | (34) | (45) | 104 | (121)
From changes in demographic assumptions | — | — | — | —
From changes in financial assumptions | — | — | — | —
Other actuarial gains and losses | — | — | — | —
Benefit payments | (27) | (77) | (9) | (12)
Settlement payments | — | (1) | — | (3)
Business combinations and disposals | — | 139 | — | —
Effect on changes in foreign exchange rates | — | 72 | (52) | (6)
Conversions to defined contributions | — | — | — | —
Other effects | — | — | — | —
Balance at the end | 147 | 853 | 315 | 293
Net liability (asset) |  |  |  |
Balance at the beginning | 3,464 | 124 | 63 | 24
Current service cost | 4 | 7 | 13 | 3
Interest income or expense | 51 | 14 | 10 | 4
Contributions by plan participants | — | — | — | —
Employer contributions | — | (41) | (22) | (3)
Past service costs (1) | — | 1 | 2 | 3
Remeasurements: | (643) | 152 | 62 | (1)
Return on plan assets (2) | 34 | 45 | (104) | 121
From changes in demographic assumptions | — | — | (37) | 8
From changes in financial assumptions | (643) | 73 | 82 | (132)
Other actuarial gains and losses | (34) | 34 | 122 | 2
Benefit payments | (484) | — | (6) | (1)
Settlement payments | — | — | — | —
Business combinations and disposals | — | (139) | — | —
Effect on changes in foreign exchange rates | — | 13 | (18) | (3)
Conversions to defined contributions | — | — | — | —
Other effects | 7 | — | — | —
Balance at the end | 2,399 | 132 | 103 | 25
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense". The change in net liabilities (assets) during the years ended December 31, 2021 and 2020 was as follows:
Post-employment commitments (Millions of Euros)
| 2021: Net liability (assets) | 2020: Net liability (assets)
| Spain | Mexico | Turkey | Rest of the world | Spain | Mexico | The United States | Turkey | Rest of the world
Balance at the beginning | 4,039 | 28 | 85 | 27 | 4,326 | 72 | 52 | 86 | 38
Current service cost | 5 | 5 | 16 | 3 | 5 | 5 | 1 | 18 | 3
Interest income or expense | 20 | 1 | 9 | 1 | 28 | 6 | 2 | 8 | 1
Contributions by plan participants | — | — | — | — | — | — | — | — | —
Employer contributions | 11 | (2) | (11) | (1) | — | (86) | — | (14) | (1)
Past service costs (1) | 75 | — | 2 | 2 | 224 | (1) | — | 2 | 3
Remeasurements: | (98) | 128 | 10 | (5) | 95 | 62 | (4) | 18 | (14)
Return on plan assets (2) | 8 | 49 | (11) | 19 | (41) | (31) | (35) | 23 | (26)
From changes in demographic assumptions | — | (4) | — | (2) | 60 | — | (3) | — | —
From changes in financial assumptions | (61) | 84 | (18) | (7) | 79 | (19) | 34 | 54 | 17
Other actuarial gains and losses | (45) | (2) | 39 | (15) | (3) | 112 | — | (59) | (5)
Benefit payments | (599) | (1) | (6) | (1) | (643) | (1) | (2) | (6) | (1)
Settlement payments | — | — | — | — | — | — | — | — | —
Business combinations and disposals | — | (40) | — | (2) | — | (19) | (44) | — | —
Effect on changes in foreign exchange rates | — | 5 | (43) | 1 | — | (10) | (5) | (26) | (4)
Conversions to defined contributions | — | — | — | — | — | — | — | — | —
Other effects | 12 | — | — | — | 3 | — | — | — | —
Balance at the end | 3,464 | 124 | 63 | 24 | 4,039 | 28 | — | 85 | 27
(1) Includes gains and losses from settlements. (2) Excludes interest which is reflected in the line item “Interest income and expense”.
Medical benefits commitments [Table Text Block] | The change in defined benefit obligations and plan assets during the years 2022, 2021 and 2020 was as follows:
Medical benefits commitments (Millions of Euros)
| 2022 | 2021 | 2020
| Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset) | Defined benefit obligation | Plan assets | Net liability (asset)
Balance at the beginning | 1,377 | 1,494 | (116) | 1,562 | 1,484 | 77 | 1,580 | 1,532 | 48
Current service cost | 19 | — | 19 | 24 | — | 24 | 21 | — | 21
Interest income or expense | 144 | 157 | (14) | 131 | 129 | 2 | 117 | 120 | (3)
Contributions by plan participants | — | — | — | — | — | — | — | — | —
Employer contributions | — | — | — | — | 1 | (1) | — | 22 | (22)
Past service costs (1) | 28 | — | 28 | (5) | — | (5) | (8) | — | (8)
Remeasurements: | (215) | (144) | (71) | (377) | (119) | (257) | 95 | 66 | 30
Return on plan assets (2) | — | (144) | 144 | — | (119) | 119 | — | 66 | (66)
From changes in demographic assumptions | — | — | — | (115) | — | (115) | — | — | —
From changes in financial assumptions | (191) | — | (191) | (257) | — | (257) | 110 | — | 110
Other actuarial gain and losses | (23) | — | (23) | (4) | — | (4) | (15) | — | (15)
Benefit payments | (60) | (60) | — | (49) | (48) | — | (37) | (37) | —
Settlement payments | — | — | — | — | — | — | — | — | —
Business combinations and disposals | — | (139) | 139 | — | (39) | 39 | — | (19) | 19
Effect on changes in foreign exchange rates | 155 | 167 | (11) | 90 | 86 | 4 | (207) | (201) | (6)
Other effects | — | — | — | — | — | — | — | — | —
Balance at the end | 1,448 | 1,476 | (28) | 1,377 | 1,494 | (116) | 1,562 | 1,484 | 77
(1) Including gains and losses arising from settlements. (2) Excluding interest, which is recorded under "Interest income or expense".
Estimated benefit payments [Table Text Block] | As of December 31, 2022, the estimated benefit payments over the next ten years for all the entities in Spain, Mexico and Turkey are as follows:
Estimated benefit payments (Millions of Euros)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 - 2032
Commitments in Spain | 522 | 384 | 326 | 279 | 242 | 794
Commitments in Mexico | 159 | 171 | 180 | 189 | 198 | 1,148
Commitments in Turkey | 19 | 16 | 20 | 24 | 31 | 265
Total | 700 | 571 | 526 | 493 | 471 | 2,208
Plan assets breakdown [Table Text Block] | The table below shows the allocation of plan assets of the main companies of the BBVA Group as of December 31, 2022, 2021 and 2020:
Plan assets breakdown (Millions of Euros)
| 2022 | 2021 | 2020
Cash or cash equivalents | 169 | 24 | 38
Debt securities (government bonds) | 2,270 | 2,394 | 2,707
Mutual funds | — | 1 | 1
Asset-backed securities | — | — | —
Structured debt | — | — | —
Insurance contracts | 183 | 148 | 140
Total | 2,622 | 2,566 | 2,887
Of which: Bank account in BBVA | 7 | 3 | 4
Of which: Debt securities issued by BBVA | — | — | —
Of which: Property occupied by BBVA | — | — | —
Investments in listed markets [Table Text Block] | The following table provides details of investments in listed securities (Level 1) as of December 31, 2022, 2021 and 2020:
Investments in listed markets (Millions of Euros)
| 2022 | 2021 | 2020
Cash or cash equivalents | 169 | 24 | 38
Debt securities (Government bonds) | 2,270 | 2,394 | 2,707
Mutual funds | — | 1 | 1
Total | 2,439 | 2,418 | 2,747
Of which: Bank account in BBVA | 7 | 3 | 4
Of which: Debt securities issued by BBVA | — | — | —
Of which: Property occupied by BBVA | — | — | —

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