XML 78 R62.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 23 - Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2017
Statement Line Items [Line Items]  
Disclosure of net defined benefit liability (asset) [text block]
    2017     2016     2015  
Present value of funded obligations    
(5,027.7
 )    
(4,592.1
 )    
(4,646.4
 )
Fair value of plan assets    
4,006.2
      
3,845.2
      
3,781.4
  
Present value of net obligations    
(1,021.5
 )    
(746.9
 )    
(865.0
 )
Present value of unfunded obligations    
(757.4
 )    
(741.3
 )    
(756.6
 )
Present value of net obligations    
(1,778.9
 )    
(1,488.2
 )    
(1,621.6
 )
Asset ceiling    
(368.4
 )    
(532.2
 )    
(534.5
 )
Net liability    
(2,147.3
 )    
(2,020.4
 )    
(2,156.1
 )
Other long term employee benefits    
(105.0
 )    
(83.8
 )    
(57.2
 )
Total employee benefits    
(2,252.3
 )    
(2,104.2
 )    
(2,213.3
 )
Employee benefits amount in the balance sheet:                        
Liabilities    
(2,310.7
 )    
(2,137.7
 )    
(2,221.9
 )
Assets    
58.4
      
33.5
      
8.6
  
Net liabilities    
(2,252.3
 )    
(2,104.2
 )    
(2,213.3
 )
Disclosure of defined benefit obligation [text block]
    2017     2016     2015  
Defined benefit obligation at January 1
st
    
(5,333.4
 )    
(5,403.0
 )    
(4,808.0
 )
Acquisitions through exchange transaction of shareholdings    
-
      
(67.3
 )    
-
  
Service cost    
(38.2
 )    
(43.1
 )    
(42.4
 )
Interest cost    
(321.5
 )    
(320.5
 )    
(308.2
 )
Gains and (losses) on settlements or reductions in benefits    
3.9
      
2.2
      
1.1
  
Contributions by plan participants    
(4.1
 )    
(5.2
 )    
(5.2
 )
Actuarial gains and (losses) - geographical assumptions    
77.3
      
(20.1
 )    
-
  
Actuarial gains and (losses) - financial assumptions    
(140.3
 )    
(321.1
 )    
182.5
  
Experience adjustment    
(115.7
 )    
(182.8
 )    
(10.6
 )
Reclassifications    
(7.5
 )    
11.1
      
-
  
Exchange differences    
(306.5
 )    
599.6
      
(805.1
 )
Benefits paid    
400.9
      
416.8
      
392.9
  
Defined benefit obligation at December, 31    
(5,785.1
 )    
(5,333.4
 )    
(5,403.0
 )
Disclosure of the change in fair value of the plan assets [text block]
    2017     2016     2015  
Fair value of plan assets at January 1
st
    
3,845.2
      
3,781.4
      
3,550.1
  
Interest Income    
273.3
      
274.7
      
259.5
  
Administrative costs    
(3.4
 )    
(3.7
 )    
(3.4
 )
Expected Return excluding interest income    
(64.8
 )    
269.8
      
(173.2
 )
Acquisition through business combination    
-
      
73.5
      
-
  
Contributions by employer    
183.2
      
175.9
      
107.6
  
Contributions by plan participants    
4.5
      
5.6
      
5.2
  
Exchange differences    
166.8
      
(315.3
 )    
428.5
  
Benefits paid excluding costs of administration    
(398.6
 )    
(416.7
 )    
(392.9
 )
Fair value of plan assets at December, 31    
4,006.2
      
3,845.2
      
3,781.4
  
Disclosure of asset ceiling [text block]
    2017     2016     2015  
Asset ceiling impact at January 1
st
    
33.5
      
8.6
      
12.8
  
Acquisitions through exchange transaction of shareholdings    
-
      
10.4
      
-
  
Interest income/(expenses)    
2.8
      
1.3
      
1.1
  
Change in asset ceiling excluding amounts included in interest income/(expenses)    
8.8
      
15.8
      
(5.3
 )
Effect of exchange rate fluctuations    
0.9
      
(2.6
 )    
-
  
Others    
12.4
      
-
      
-
  
Asset ceiling impact at December 31    
58.4
      
33.5
      
8.6
  
Disclosure of defined benefit plans recognized in the income statement [text block]
    2017     2016     2015  
Current service costs    
(38.2
 )    
(43.1
 )    
(42.4
 )
Administrative costs    
(3.4
 )    
(3.7
 )    
(3.4
 )
(Gains) losses on settlements and curtailments    
4.2
      
0.7
      
1.1
  
Income from operations    
(37.4
 )    
(46.1
 )    
(44.7
 )
Financial cost    
(101.3
 )    
(105.6
 )    
(97.6
 )
Total expense for employee benefits    
(138.7
 )    
(151.7
 )    
(142.3
 )
Disclosure of employee benefit revenue (expenses) allocation in income statement [text block]
    2017     2016     2015  
Cost of sales    
(22.3
 )    
(24.5
 )    
(19.3
 )
Sales and marketing expenses    
(5.0
 )    
(9.5
 )    
(7.9
 )
Administrative expense    
(10.1
 )    
(10.2
 )    
(17.5
 )
Financial expenses    
(101.3
 )    
(105.6
 )    
(97.6
 )
Exceptional items    
-
      
(1.9
 )    
-
  
     
(138.7
 )    
(151.7
 )    
(142.3
 )
Disclosure of actuarial assumptions of the entity [text block]
   
2017
(i)
  
2016
(i)
  
2015
(i)
Discount rate  
3.6%
to
10.6%
  
3.9%
to
10.5%
  
4.1%
to
12.1%
Inflation  
2.0%
to
5.0%
  
2.0%
to
5.2%
  
2.0%
to
5.2%
Future salary increases  
1.0%
to
8.7%
  
1.0%
to
8.5%
  
1.0%
to
8.8%
Future pension increases  
2.0%
to
4.3%
  
2.0%
to
4.5%
  
2.0%
to
4.5%
Medical cost trend rate  
4.5%
to
7.9%
3.8%
a
8.2%
  
4.5%
to
8.2%
   
p.a. reducing to 7.9%
  
p.a. reducing to 8.2%
  
p.a. reducing to 8.2%
Dental claims trend rate  
 
4.3%
  
 
4.5%
  
 
4.5%
                         
Life expectation for an over 65 years old male  
83
to
87
  
80
to
86
  
85
to
70
Life expectation for an over 65 years old female  
86
to
89
  
83
to
89
  
88
to
71
Disclosure of sensitivity analysis for actuarial assumptions [text block]
        2017     2016     2015  
In millions of Brazilian Reais   Change in assumption   Increase in assumption     Decrease in assumption     Increase in assumption     Decrease in assumption     Increase in assumption     Decrease in assumption  
Medical cost trend rate  
100 bases points
    
(119.7
 )    
102.3
      
(104.7
 )    
90.2
      
(77.5
 )    
67.4
  
Discount rate  
50 bases points
    
289.7
      
(309.2
 )    
292.6
      
(311.5
 )    
262.5
      
(280.1
 )
Future salary increase  
50 bases points
    
(12.9
 )    
12.3
      
(16.6
 )    
15.3
      
(13.3
 )    
12.5
  
Longevity  
One year
    
(180.6
 )    
176.5
      
(175.9
 )    
172.9
      
(135.1
 )    
131.1
  
Disclosure of plan assets components [text block]
    2017     2016     2015  
    Rated     Unrated     Total     Rated     Unrated     Total     Rated     Unrated     Total  
Government bonds    
50
 %    
-
      
50
 %    
41
 %    
-
      
41
 %    
29
 %    
-
      
29
 %
Corporate bonds    
7
 %    
-
      
7
 %    
13
 %    
-
      
13
 %    
23
 %    
-
      
23
 %
Equity instruments    
14
 %    
-
      
14
 %    
18
 %    
-
      
18
 %    
15
 %    
-
      
15
 %
Property    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
1
 %    
1
 %
Cash    
-
      
-
      
-
      
1
 %    
-
      
1
 %    
-
      
-
      
-
  
Others    
29
 %    
-
      
29
 %    
27
 %    
-
      
27
 %    
32
 %    
-
      
32
 %