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Note 33 - Employee Benefits - Plan Asset Allocation (Detail) - Plan Asset Allocation [Domain Member] - EUR (€)
€ in Millions
Dec. 31, 2022
Dec. 31, 2021
Plan Asset Allocation [line items]    
Cash and cash equivalents € 710 € 1,385
Equity instruments [1] 1,514 1,928
Investment-grade bonds    
Government [2] 2,912 5,085
Non-government bonds [2] 5,900 7,995
Non-investment-grade bonds    
Government 95 140
Non-government bonds 480 653
Structured products 180 1,049
Insurance 1,202 1,267
Alternatives    
Real estate 795 626
Commodities 46 30
Private equity 2 2
Other [3] 1,059 96
Derivatives (Market Value) [Abstract]    
Interest rate 1,543 571
Credit 99 5
Inflation (1) (48)
Foreign exchange 54 7
Other 315 107
Total fair value of plan assets 16,077 20,888
Germany [Member]    
Plan Asset Allocation [line items]    
Cash and cash equivalents 34 930
Equity instruments [1] 1,046 1,220
Investment-grade bonds    
Government [2] 1,860 2,524
Non-government bonds [2] 3,898 5,386
Non-investment-grade bonds    
Government 89 137
Non-government bonds 282 423
Structured products 45 839
Insurance 0 1
Alternatives    
Real estate 690 528
Commodities 41 25
Private equity 0 0
Other [3] 1,008 46
Derivatives (Market Value) [Abstract]    
Interest rate 1,294 518
Credit 6 65
Inflation 0 0
Foreign exchange 55 1
Other 3 1
Total fair value of plan assets 10,351 12,642
UK [Member]    
Plan Asset Allocation [line items]    
Cash and cash equivalents 551 321
Equity instruments [1] 174 348
Investment-grade bonds    
Government [2] 537 1,918
Non-government bonds [2] 1,302 1,894
Non-investment-grade bonds    
Government 1 1
Non-government bonds 168 142
Structured products 47 124
Insurance 1,193 1,256
Alternatives    
Real estate 0 0
Commodities 0 0
Private equity 0 0
Other [3] 0 0
Derivatives (Market Value) [Abstract]    
Interest rate 229 42
Credit (112) 87
Inflation (14) (62)
Foreign exchange 5 4
Other 303 118
Total fair value of plan assets 3,768 6,019
US [Member]    
Plan Asset Allocation [line items]    
Cash and cash equivalents 56 56
Equity instruments [1] 108 151
Investment-grade bonds    
Government [2] 346 436
Non-government bonds [2] 385 379
Non-investment-grade bonds    
Government 2 1
Non-government bonds 13 33
Structured products 81 79
Insurance 0 0
Alternatives    
Real estate 0 0
Commodities 0 0
Private equity 0 0
Other [3] 0 0
Derivatives (Market Value) [Abstract]    
Interest rate 13 9
Credit 7 16
Inflation 0 0
Foreign exchange 0 0
Other (15) (12)
Total fair value of plan assets 996 1,148
Other countries [Member]    
Plan Asset Allocation [line items]    
Cash and cash equivalents 69 78
Equity instruments [1] 186 209
Investment-grade bonds    
Government [2] 169 207
Non-government bonds [2] 315 336
Non-investment-grade bonds    
Government 3 1
Non-government bonds 17 55
Structured products 7 7
Insurance 9 10
Alternatives    
Real estate 105 98
Commodities 5 5
Private equity 2 2
Other [3] 51 50
Derivatives (Market Value) [Abstract]    
Interest rate 7 2
Credit 0 1
Inflation 13 14
Foreign exchange 4 4
Other 0 0
Total fair value of plan assets € 962 € 1,079
[1] Allocation of equity exposure is broadly in line with the typical index in the respective market, e.g. the equity portfolio’s benchmark of the UK retirement benefit plans is the MSCI All Countries World Index.
[2] Investment-grade means BBB and above. Average credit rating exposure for the Group’s main plans is around A.
[3] This position contains commingled funds which could not be segregated into the other asset categories.