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Pensions and other post-employment benefits (Tables)
 12 Months Ended
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