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Employees (Tables)
 12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Summary of Staff Cost, Average Number of Employees and Key Management Compensation
   
€ million
   € million   € million 
Staff costs
  
2020
   2019   2018 
Wages and salaries
  
 
(5,051
) 
   (5,364)    (5,346) 
Social security costs
  
 
(519
) 
   (541)    (571) 
Other pension costs
  
 
(419
) 
   (334)    (439) 
Share-based compensation costs
  
 
(108
) 
   (151)    (196) 
   
 
 
   
 
 
   
 
 
 
   
 
(6,097
) 
   (6,390)    (6,552) 
   
 
 
   
 
 
   
 
 
 
    
   
‘000
   ‘000   ‘000 
Average number of employees during the year
  
2020
   2019   2018 
Asia/AMET/RUB
  
 
83
 
   84    88 
The Americas
  
 
38
 
   40    40 
Europe
  
 
29
 
   29    30 
   
 
 
   
 
 
   
 
 
 
   
 
150
 
   153    158 
   
 
 
   
 
 
   
 
 
 
 

   
€ million
   € million   € million 
Key management compensation
  
2020
   2019   2018 
Salaries and short-term employee benefits
  
 
(28
) 
   (42)    (40) 
Post-employment benefits
  
 
—  
 
   —      —   
Share-based benefits
(a)
  
 
(5
) 
   (16)    (13) 
   
 
 
   
 
 
   
 
 
 
   
 
(33
) 
   (58)    (53) 
   
 
 
   
 
 
   
 
 
 
Of which: Executive Directors
  
 
(6
) 
   (9)    (13) 
Other
(b)
  
 
(27
) 
   (49)    (40) 
   
 
 
   
 
 
   
 
 
 
Non-Executive
Directors’ fees
  
 
(2
) 
   (2)    (2) 
   
 
 
   
 
 
   
 
 
 
   
 
(35
) 
   (60)    (55) 
   
 
 
   
 
 
   
 
 
 
 
(a)
Share-based benefits are expenses recognised for the period. Share-based benefits compensation on a vesting basis is €
10
 
million (2019: €
17
million; 2018: €
19
million).
(b)
Other includes all members of the Unilever Leadership Executive, other than Executive Directors.
Summary of Assumptions, Weighted by Liabilities for Valuation of Defined Benefit Plans The following table shows the assumptions, weighted by liabilities, used to value the principal defined benefit plans (representing approximately 96% of total pension liabilities and other post-employment benefit liabilities).
   
31 December 2020
  31 December 2019 
   
Defined benefit
pension plans
  
Other post-
employment
benefit plans
  Defined benefit
pension plans		  Other post-
employment
benefit plans		 
Discount rate
  
 
1.3
% 
 
 
3.3
% 
  1.9%   3.9% 
Inflation
  
 
2.2
% 
 
 
n/a
 
  2.3%   n/a 
Rate of increase in salaries
  
 
2.9
% 
 
 
3.0
% 
  2.9%   3.0% 
Rate of increase for pensions in payment (where provided)
  
 
2.1
% 
 
 
n/a
 
  2.2%   n/a 
Rate of increase for pensions in deferment (where provided)
  
 
2.3
% 
 
 
n/a
 
  2.4%   n/a 
Long-term medical cost inflation
  
 
n/a
 
 
 
5.1
% 
  n/a   5.4% 
For the UK and Netherlands pension plans, representing approximately 70% of all defined benefit pension liabilities, the assumptions used at 31 December 2020 and 2019 were:
 
   
United Kingdom
  
Netherlands
 
   
2020
  2019  
2020
  2019 
Discount rate
  
 
1.4
% 
  2.0%  
 
0.7
% 
  1.1% 
Inflation
  
 
2.7
% 
  2.9%  
 
1.5
% 
  1.5% 
Rate of increase in salaries
  
 
3.3
% 
  3.2%  
 
2.0
% 
  2.0% 
Rate of increase for pensions in payment (where provided)
  
 
2.7
% 
  2.8%  
 
1.5
% 
  1.5% 
Rate of increase for pensions in deferment (where provided)
  
 
2.7
% 
  2.8%  
 
1.5
% 
  1.5% 
Number of years a current pensioner is expected to live beyond age 65:
                 
Men
  
 
21.7
 
  21.6  
 
21.5
 
  22.6 
Women
  
 
23.4
 
  23.4  
 
23.6
 
  24.1 
Number of years a future pensioner currently aged 45 is expected to live beyond age 65:
                 
Men
  
 
22.7
 
  22.6  
 
23.4
 
  24.5 
Women
  
 
24.6
 
  24.6  
 
25.4
 
  26.2 
Summary of Charge to Operating Profit
The charge to the income statement comprises:
 
       
€ million
   € million   € million 
   Notes   
2020
   2019   2018 
Charged to operating profit:
                    
Defined benefit pension and other benefit plans:
                    
Current service cost
       
 
(223
) 
   (216)    (220) 
Employee contributions
       
 
17
 
   17    17 
Special termination benefits
       
 
(37
) 
   (5)    (16) 
Past service cost including (losses)/gains on curtailments
       
 
20
 
   65    (41) 
Settlements
       
 
7
 
   (2)    —    
Defined contribution plans
       
 
(203
) 
   (193)    (179) 
        
 
 
   
 
 
   
 
 
 
Total operating cost
   4A   
 
(419
) 
   (334)    (439) 
        
 
 
   
 
 
   
 
 
 
Finance income/(cost)
(a)
   5   
 
(9
) 
   (30)    (25) 
        
 
 
   
 
 
   
 
 
 
Net impact on the income statement (before tax)
       
 
(428
) 
   (364)    (464) 
        
 
 
   
 
 
   
 
 
 
 
(a) This includes the impact of interest on asset ceiling.
Summary of Amounts Recognised in Statement of Comprehensive Income on Remeasurement of Net Defined Benefit Liability
Amounts recognised in the statement of comprehensive income on the remeasurement of the net defined benefit liability/asset.
 
   
€ million
2020
   € million
2019		   € million
2018		 
Return on plan assets excluding amounts included in net finance income/(cost)
  
 
1,494
 
   2,385    (1,108) 
Change in asset ceiling, excluding amounts included in finance cost
  
 
2
 
   (37)    —    
Actuarial gains/(losses) arising from changes in demographic assumptions
  
 
246
 
   183    42 
Actuarial gains/(losses) arising from changes in financial assumptions
  
 
(1,414
) 
   (2,138)    611 
Experience gains/(losses) arising on pension plan and other benefit plan liabilities
  
 
(78
) 
   (12)    18 
   
 
 
   
 
 
   
 
 
 
Total of defined benefit costs recognised in other comprehensive income
  
 
250
 
   381    (437) 
   
 
 
   
 
 
   
 
 
 
Summary of Assets, Liabilities and Surplus/ (Deficit) Position of Pension and Other Post-Employment Benefit Plans at Balance Sheet Date
The assets, liabilities and surplus/(deficit) position of the pension and other post-employment benefit plans at the balance sheet date were:
 
   
€ million 2020
   € million 2019 
   
Pension plans
   
Other post-
employment
benefit plans
   Pension plans   Other post-
employment
benefit plans		 
Fair value of assets
  
 
24,023
 
  
 
9
 
   23,749    14 
Present value of liabilities
  
 
(23,272
) 
  
 
(447
) 
   (23,438)    (484) 
   
 
 
   
 
 
   
 
 
   
 
 
 
Computed net assets/(liabilities)
  
 
751
 
  
 
(438
) 
   311    (470) 
   
 
 
   
 
 
   
 
 
   
 
 
 
Irrecoverable surplus
(a)
  
 
(26
) 
  
 
—  
 
   (37)    —    
Net pension assets/(liabilities)
  
 
725
 
  
 
(438
) 
   274    (470) 
   
 
 
   
 
 
   
 
 
   
 
 
 
Of which in respect of:
                    
Funded plans in surplus:
                    
Liabilities
  
 
(18,043
) 
  
 
—  
 
   (17,772)    —    
Assets
  
 
20,790
 
  
 
1
 
   20,229    2 
   
 
 
   
 
 
   
 
 
   
 
 
 
Aggregate Surplus:
  
 
2,747
 
  
 
1
 
   2,457    2 
Irrecoverable surplus
  
 
(26
) 
  
 
—  
 
   (37)    —    
   
 
 
   
 
 
   
 
 
   
 
 
 
Pension asset net of liabilities
  
 
2,721
 
  
 
1
 
   2,420    2 
Funded plans in deficit:
                    
Liabilities
  
 
(4,310
) 
  
 
(40
) 
   (4,657)    (32) 
Assets
  
 
3,233
 
  
 
8
 
   3,520    12 
   
 
 
   
 
 
   
 
 
   
 
 
 
Pension liability net of assets
  
 
(1,077
) 
  
 
(32
) 
   (1,137)    (20) 
Unfunded plans:
                    
Pension liability
  
 
(919
) 
  
 
(407
) 
   (1,009)    (452) 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(a)
A surplus is deemed recoverable to the extent that the Group can benefit economically from the surplus. Unilever assesses the maximum economic benefit available through a combination of refunds and reductions in future contributions in accordance with local legislation and individual financing arrangements with each of our funded defined benefit plans.
Summary of Movements in Assets
The group of plans within ‘Rest of world’ category in the tables below are not materially different with respect to their risks that would require disaggregated disclosure.
Movements in assets during the year:
 
   
UK
  
Netherlands
  
Rest of
world
  
€ million
2020 Total
  UK  Netherlands  Rest of
world		  € million
2019 Total		 
1 January
  
 
12,122
 
 
 
5,522
 
 
 
6,082
 
 
 
23,726
 
  10,329   4,996   5,555   20,880 
Employee contributions
  
 
—  
 
 
 
—  
 
 
 
17
 
 
 
17
 
  —      —      17   17 
Settlements
  
 
—  
 
 
 
—  
 
 
 
(67
) 
 
 
(67
) 
  —      —      —      —    
Actual return on plan assets (excluding amounts in net finance income/charge)
  
 
1,109
 
 
 
206
 
 
 
179
 
 
 
1,494
 
  1,233   588   564   2,385 
Change in asset ceiling, excluding amounts included in finance cost
  
 
—  
 
 
 
—  
 
 
 
2
 
 
 
2
 
  —      —      (37)   (37) 
Interest income
(a)
  
 
230
 
 
 
60
 
 
 
146
 
 
 
436
 
  292   89   192   573 
Employer contributions
  
 
104
 
 
 
12
 
 
 
282
 
 
 
398
 
  94   14   293   401 
Benefit payments
  
 
(467
) 
 
 
(166
) 
 
 
(507
) 
 
 
(1,140
) 
  (455)   (165)   (588)   (1,208) 
Others
  
 
46
 
 
 
(47
) 
 
 
21
 
 
 
20
 
  —      —      2   2 
Currency retranslation
  
 
(645
) 
 
 
—  
 
 
 
(235
) 
 
 
(880
) 
  629   —      84   713 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
31 December
  
 
12,499
 
 
 
5,587
 
 
 
5,920
 
 
 
24,006
 
  12,122   5,522   6,082   23,726 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
(a)
This includes the impact of interest on asset ceiling.
Summary of Movements in Liabilities
Movements in liabilities during the year:
 
   
UK
  
Netherlands
  
Rest
 
of
world
  
€
 
million
2020 Total
  UK  Netherlands  Rest of
world		  € million
2019 Total		 
1 January
  
 
(11,001
) 
 
 
(5,097
) 
 
 
(7,824
) 
 
 
(23,922
) 
  (9,739)   (4,664)   (7,351)   (21,754) 
Current service cost
  
 
(114
) 
 
 
(3
) 
 
 
(106
) 
 
 
(223
) 
  (104)   (4)   (108)   (216) 
Special termination benefits
  
 
—  
 
 
 
—  
 
 
 
(37
) 
 
 
(37
) 
  —      —      (5)   (5) 
Past service costs including (losses)/gains on curtailments
  
 
17
 
 
 
—  
 
 
 
3
 
 
 
20
 
  56   —      9   65 
Settlements
  
 
—  
 
 
 
—  
 
 
 
74
 
 
 
74
 
  —      —      (2)   (2) 
Interest cost
  
 
(208
) 
 
 
(55
) 
 
 
(182
) 
 
 
(445
) 
  (276)   (82)   (245)   (603) 
Actuarial gain/(loss) arising from changes in demographic assumptions
  
 
(1
) 
 
 
245
 
 
 
2
 
 
 
246
 
  157   14   12   183 
Actuarial gain/(loss) arising from changes in financial assumptions
  
 
(806
) 
 
 
(354
) 
 
 
(254
) 
 
 
(1,414
) 
  (955)   (511)   (672)   (2,138) 
Actuarial gain/(loss) arising from experience adjustments
  
 
(67
) 
 
 
(6
) 
 
 
(5
) 
 
 
(78
) 
  (44)   (15)   47   (12) 
Benefit payments
  
 
467
 
 
 
166
 
 
 
507
 
 
 
1,140
 
  455   165   588   1,208 
Others
  
 
(44
) 
 
 
44
 
 
 
(38
) 
 
 
(38
) 
  —      —      (20)   (20) 
Currency retranslation
  
 
609
 
 
 
—  
 
 
 
349
 
 
 
958
 
  (551)   —      (77)   (628) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
31 December
  
 
(11,148
) 
 
 
(5,060
) 
 
 
(7,511
) 
 
 
(23,719
) 
  (11,001)   (5,097)   (7,824)   (23,922) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Summary of Movements in (Deficit)/Surplus
Movements in (deficit)/surplus during the year:
 
   
UK
  
Netherlands
  
Rest of
world
  
€ million
2020 Total
  UK  Netherlands  Rest of
world		  € million
2019 Total		 
1 January
  
 
1,121
 
 
 
425
 
 
 
(1,742
) 
 
 
(196
) 
 
 
590
 
  332   (1,796)   (874) 
Current service cost
  
 
(114
) 
 
 
(3
) 
 
 
(106
) 
 
 
(223
) 
 
 
(104
) 
  (4)   (108)   (216) 
Employee contributions
  
 
—  
 
 
 
—  
 
 
 
17
 
 
 
17
 
 
 
—  
 
  —      17   17 
Special termination benefits
  
 
—  
 
 
 
—  
 
 
 
(37
) 
 
 
(37
) 
 
 
—  
 
  —      (5)   (5) 
Past service costs including (losses)/gains on curtailments
  
 
17
 
 
 
—  
 
 
 
3
 
 
 
20
 
 
 
56
 
  —      9   65 
Settlements
  
 
—  
 
 
 
—  
 
 
 
7
 
 
 
7
 
 
 
—  
 
  —      (2)   (2) 
Actual return on plan assets (excluding amounts in net finance income/charge)
  
 
1,109
 
 
 
206
 
 
 
179
 
 
 
1,494
 
 
 
1,233
 
  588   564   2,385 
Change in asset ceiling, excluding amounts included in finance cost
  
 
—  
 
 
 
—  
 
 
 
2
 
 
 
2
 
 
 
—  
 
  —      (37)   (37) 
Interest cost
  
 
(208
) 
 
 
(55
) 
 
 
(182
) 
 
 
(445
) 
 
 
(276
) 
  (82)   (245)   (603) 
Interest income
(a)
  
 
230
 
 
 
60
 
 
 
146
 
 
 
436
 
 
 
292
 
  89   192   573 
Actuarial gain/(loss) arising from changes in demographic assumptions
  
 
(1
) 
 
 
245
 
 
 
2
 
 
 
246
 
 
 
157
 
  14   12   183 
Actuarial gain/(loss) arising from changes in financial assumptions
  
 
(806
) 
 
 
(354
) 
 
 
(254
) 
 
 
(1,414
) 
 
 
(955
) 
  (511)   (672)   (2,138) 
Actuarial gain/(loss) arising from experience adjustments
  
 
(67
) 
 
 
(6
) 
 
 
(5
) 
 
 
(78
) 
 
 
(44
) 
  (15)   47   (12) 
Employer contributions
  
 
104
 
 
 
12
 
 
 
282
 
 
 
398
 
 
 
94
 
  14   293   401 
Benefit payments
  
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
  —      —      —    
Others
  
 
2
 
 
 
(3
) 
 
 
(17
) 
 
 
(18
) 
 
 
—  
 
  —      (18)   (18) 
Currency retranslation
  
 
(36
) 
 
 
—  
 
 
 
114
 
 
 
78
 
 
 
78
 
  —      7   85 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
31 December
  
 
1,351
 
 
 
527
 
 
 
(1,591
) 
 
 
287
 
 
 
1,121
 
  425   (1,742)   (196) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
(a)
This includes the impact of interest on asset ceiling.
Movements In Irrevocable Surplus
Movements in irrecoverable surplus during the year:
 
   
UK
   
Netherlands
   
Rest of
world
  
€ million
2020 Total
  UK   Netherlands   Rest of
world		  € million
2019 Total		 
1 January
  
 
—  
 
  
 
—  
 
  
 
(37
) 
 
 
(37
) 
  —      —      —     —   
Interest income
  
 
—  
 
  
 
—  
 
  
 
(1
) 
 
 
(1
) 
  —      —      —     —   
Change in irrecoverable surplus in excess of interest
  
 
—  
 
  
 
—  
 
  
 
2
 
 
 
2
 
  —      —      (37)   (37) 
Currency retranslations
  
 
—  
 
  
 
—  
 
  
 
10
 
 
 
10
 
  —      —      —     —   
   
 
 
   
 
 
   
 
 
  
 
 
  
 
 
   
 
 
   
 
 
  
 
 
 
31 December
  
 
—  
 
  
 
—  
 
  
 
(26
) 
 
 
(26
) 
  —      —      (37)   (37) 
   
 
 
   
 
 
   
 
 
  
 
 
  
 
 
   
 
 
   
 
 
  
 
 
 
Summary of Principal Defined Benefit Liabilities and Split of Liabilities Between Different Categories of Plan Participants
The duration of the principal defined benefit plan liabilities (representing 96% of total pension liabilities and other post-employment benefit liabilities) and the split of liabilities between different categories of plan participants are:
 
   
UK
  
Netherlands
  
Rest of
world
(a)
  
2020
Total
  UK  Netherlands  Rest of
world
(a)
  2019
Total		 
Duration (years)
  
 
18
 
 
 
18
 
 
 
13
 
 
 
7 to 22
 
  18   19   13   7 to 23 
Active members
  
 
12
% 
 
 
12
% 
 
 
20
% 
 
 
14
% 
  14%   14%   21%   16% 
Deferred members
  
 
35
% 
 
 
43
% 
 
 
17
% 
 
 
32
% 
  34%   41%   17%   31% 
Retired members
  
 
53
% 
 
 
45
% 
 
 
63
% 
 
 
54
% 
  52%   45%   62%   53% 
 
(a)
Rest of world numbers shown are weighted averages by liabilities.
Schedule of Fair Value of Plans Assets, Which Are Reported Net of Fund Liabilities That Are Not Employee Benefits
The group of plans within ‘Rest of world’ category in the tables below are not materially different with respect to their risks that would require disaggregated disclosure.
The fair value of plan assets, which are reported net of fund liabilities that are not employee benefits, at the end of the reporting period for each category are as follows:
 
   
€ million

31 December 2020
   € million
31 December 2019		 
   
UK
   
Netherlands
   
Rest of
world
  
2020
Total
   UK   Netherlands   Rest of
world		  2019
Total		 
Total plan assets
  
 
12,499
 
  
 
5,587
 
  
 
5,937
 
 
 
24,023
 
   12,122    5,522    6,105   23,749 
Assets
                                      
Equities total
  
 
4,653
 
  
 
1,837
 
  
 
1,694
 
 
 
8,184
 
   4,173    1,831    1,752   7,756 
Europe
  
 
921
 
  
 
437
 
  
 
506
 
 
 
1,864
 
   930    517    583   2,030 
North America
  
 
2,740
 
  
 
894
 
  
 
747
 
 
 
4,381
 
   2,312    825    707   3,844 
Other
  
 
992
 
  
 
506
 
  
 
441
 
 
 
1,939
 
   931    489    462   1,882 
Fixed income total
  
 
5,819
 
  
 
2,766
 
  
 
3,108
 
 
 
11,693
 
   5,317    2,795    3,250   11,362 
Government bonds
  
 
3,292
 
  
 
798
 
  
 
1,367
 
 
 
5,457
 
   2,711    765    1,369   4,845 
Investment grade corporate bonds
  
 
1,167
 
  
 
540
 
  
 
1,111
 
 
 
2,818
 
   1,120    542    1,272   2,934 
Other fixed income
  
 
1,360
 
  
 
1,428
 
  
 
630
 
 
 
3,418
 
   1,486    1,488    609   3,583 
Private equity
  
 
274
 
  
 
64
 
  
 
9
 
 
 
347
 
   325    65    6   396 
Property and real estate
  
 
835
 
  
 
456
 
  
 
332
 
 
 
1,623
 
   916    491    321   1,728 
Hedge funds
  
 
318
 
  
 
—  
 
  
 
62
 
 
 
380
 
   688    —       69   757 
Other
  
 
470
 
  
 
320
 
  
 
377
 
 
 
1,167
 
   454    289    415   1,158 
Other plans
  
 
—  
 
  
 
—  
 
  
 
370
 
 
 
370
 
   —       —       300   300 
Assets/fund (liabilities) that are not employee benefits
                                      
Derivatives
  
 
130
 
  
 
144
 
  
 
(15
) 
 
 
259
 
   249    51    (8)   292 
Schedule of Sensitivity of Pension Liabilities to Changes in the Weighted Key Assumptions
The sensitivity of the overall pension liabilities to changes in the weighted key assumptions are:
 
      
Change in liabilities
 
   
Change in assumption
  
UK
  
Netherlands
  
Total
 
Discount rate
  
 
Increase by 0.5
% 
 
 
(8
)% 
 
 
(9
)% 
 
 
(8
)% 
Inflation rate
  
 
Increase by 0.5
% 
 
 
6
% 
 
 
9
% 
 
 
6
% 
Life expectancy
  
 
Increase by 1 year
 
 
 
5
% 
 
 
5
% 
 
 
5
% 
Long-term medical cost inflation
(a)
  
 
Increase by 1.0
% 
 
 
0
% 
 
 
0
% 
 
 
3
% 

(a)
Long-term medical cost inflation only relates to post-retirement medical plans and its impact on these liabilities.
Schedule of Cash Flow in Respect of Pensions and Similar Post-employment Benefits
The table below sets out these amounts:
   € million
2021		   
€ million
   € million   € million 
   Estimate   
2020
   2019   2018 
Company contributions to funded plans:
                    
Defined benefit
(a)
   285   
 
266
 
   244    238 
Defined contributions
   220   
 
203
 
   193    179 
Benefits paid by the company in respect of unfunded plans:
                    
Defined benefit
   135   
 
132
 
   157    144 
   
 
 
   
 
 
   
 
 
   
 
 
 
Group cash flow in respect of pensions and similar benefits
   640   
 
601
 
   594    561 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(a)
Following the conclusion of the 2019 Funding valuation of the US Unicare Pension Plan, the Group contributed $100 million into the plan in 2020. Deficit contributions to the US Pension plan are expected to be nil for the following few years.
Schedule of Income Statement Charge
The charge in each of the last three years is shown below, and relates to equity-settled plans:
 
   
€ million
   € million   € million 
Income statement charge
  
2020
   2019   2018 
Performance share plans
  
 
(98
) 
   (142)    (183) 
Other plans
  
 
(10
) 
   (9)    (13) 
   
 
 
   
 
 
   
 
 
 
   
 
(108
) 
   (151)    (196) 
   
 
 
   
 
 
   
 
 
 
Summary of Status of Performance Share Plans, Related Changes and Share Award Value Information
A summary of the status of the Performance Share Plans as at 31 December 2020, 2019 and 2018 and changes during the years ended on these dates is presented below:
 
   
2020
Number
of shares
   2019
Number of
shares		   2018
Number of
shares		 
Outstanding at 1 January
  
 
11,137,801
 
   13,634,518    13,684,747 
Awarded
  
 
4,395,633
 
   4,538,771    6,870,882 
Vested
  
 
(3,240,738
) 
   (6,041,011)    (5,854,388) 
Forfeited
  
 
(921,260
) 
   (994,477)    (1,066,723) 
   
 
 
   
 
 
   
 
 
 
Outstanding at 31 December
  
 
11,371,436
 
   11,137,801    13,634,518 
   
 
 
   
 
 
   
 
 
 
 
 
   
2020
   2019   2018 
Share award value information
               
Fair value per share award during the year
  
€
43.91
 
  €48.22   €42.44