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Pensions and other post-employment benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of net defined benefit liability (asset) [abstract] |
Summary of information on plan assets and defined benefit obligation per country |
Plan assets and defined benefit obligation per country
| Plan assets | Defined benefit obligation | Funded Status
in EUR million | 2023 | 2022 | 2023 | 2022 | 2023 | 2022
The Netherlands | 331 | 310 | 426 | 400 | -95 | -90
United States | 257 | 248 | 245 | 230 | 12 | 18
United Kingdom | 1,257 | 1,277 | 790 | 750 | 467 | 527
Belgium | 516 | 507 | 473 | 475 | 43 | 32
Other countries | 317 | 295 | 353 | 305 | -37 | -10
Funded status (Net defined benefit asset/liability) | 2,678 | 2,637 | 2,288 | 2,159 | 390 | 478
Presented as: |  |  |  |  |  |
- Other assets |  |  |  |  | 554 | 617
- Other liabilities |  |  |  |  | -164 | -139
|  |  |  |  | 390 | 478
Schedule of changes in fair value of plan assets | Changes in the fair value of plan assets for the period were as follows::
Changes in fair value of plan assets
in EUR million | 2023 | 2022
Opening balance as at 1 January | 2,637 | 3,671
Interest income | 115 | 54
Remeasurements: Return on plan assets excluding amounts included in interest income | -8 | -947
Employer's contribution | 28 | 34
Participants contributions | 4 | 3
Benefits paid | -119 | -126
Exchange rate differences | 22 | -53
Closing balance | 2,678 | 2,637
Actual return on the plan assets | 107 | -894
Schedule of changes in present value of defined benefit obligation and other post-employment benefits |
Changes in defined benefit obligation and other post-employment benefits
| Defined benefit obligation | Other post- employment benefits
in EUR million | 2023 | 2022 | 2023 | 2022
Opening balance as at 1 January | 2,159 | 3,115 | 29 | 72
Current service cost | 27 | 33 | 1 | 1
Interest cost | 92 | 46 | 2 | 1
Remeasurements: Actuarial gains and losses arising from changes in demographic assumptions | -9 |  |  |
Remeasurements: Actuarial gains and losses arising from changes in financial assumptions | 127 | -882 | 1 | -45
Participants’ contributions | 3 | 3 |  |
Benefits paid | -123 | -129 | -1 | -1
Past service cost | 1 |  |  | -1
Effect of curtailment or settlement |  |  |  |
Exchange rate differences | 14 | -26 | -3 | 5
Closing balance | 2,288 | 2,159 | 30 | 29
Summary of changes in the net defined benefit assets/liability remeasurement reserve | Amounts recognised directly in Other comprehensive income were as follows:
Changes in the net defined benefit assets/liability remeasurement reserve
in EUR million | 2023 | 2022
Opening balance as at 1 January | -232 | -212
Remeasurement of plan assets | -8 | -947
Actuarial gains and losses arising from changes in demographic assumptions | 9 | 0
Actuarial gains and losses arising from changes in financial assumptions | -127 | 882
Taxation and Exchange rate differences | 40 | 46
Total Other comprehensive income movement for the year | -85 | -19
Closing balance | -317 | -232
Summary of pension and other staff-related benefit costs |
Pension and other staff-related benefit costs
| Net defined benefit asset/liability | Other post-employment benefits | Total
in EUR million | 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | 2023 | 2022 | 2021
Current service cost | 27 | 33 | 33 | 1 | 1 | 1 | 28 | 34 | 34
Past service cost | 1 |  |  |  | -1 |  | 1 |  |
Net Interest cost | -23 | -8 | -6 | 2 | 1 | 2 | -21 | -6 | -4
Effect of curtailment or settlement |  |  |  |  |  | -2 |  |  | -2
Defined benefit plans | 5 | 26 | 27 | 3 | 2 | 1 | 8 | 27 | 28
Defined contribution plans |  |  |  |  |  |  | 391 | 364 | 369
Pension and other post employment benefits |  |  |  |  |  |  | 399 | 392 | 397
Other staff related benefits |  |  |  |  |  |  | 19 | -2 | 11
Pension and other staff-related benefits |  |  |  |  |  |  | 418 | 390 | 408

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- Definition The disclosure of additional information about defined benefit plans necessary to meet the objectives of IAS 19. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 137 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_137&doctype=Standard -URIDate 2023-03-23 + Details
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