Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 430

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 430
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 89 |  78 |    210 |     -19 | -44 | -36 |    -43 |     276 |  825 |  540 |  1,143 |

(a) Experience adjustments are mainly due to the effect on plan assets of trends in the financial markets .

The net pre-tax actuarial loss (excluding investments accounted for using the equity method) recognized directly in equity is

presented below:

| (€ million)                |   2024 |   2023 |   2022 |
| Net pre-tax actuarial loss | -2,258 | -2,259 | -2,090 |

| SANOFIFORM 20-F2024 | F-71 |

| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |

The present value of Sanofi’s obligations in respect of pension and other post-employment benefit plans at the end of each

reporting period is shown below:

| (€ million)                                                                                                          |  2024 |  2023 |  2022 |
| Present value of wholly or partially funded obligations in respect of pension and otherpost-employment benefit plans | 7,192 | 7,693 | 7,463 |
| Present value of unfunded obligations                                                                                | 1,037 | 1,237 | 1,188 |
| Total                                                                                                                | 8,229 | 8,930 | 8,651 |

The total expense for pensions and other post-employment benefits ( € 100million in 2024 ) is allocated between income

statement line items as follows:

| (€ million)                             | 2024 | 2023 | 2022 |
| Cost of sales                           |   32 |   33 |   53 |
| Research and development expenses       |   17 |   28 |   51 |
| Selling and general expenses            |   42 |   57 |   78 |
| Other operating (income)/expenses, net  |    4 |    5 |   -2 |
| Restructuring costs                     |  -64 |   -9 |  -59 |
| Financial expenses                      |   60 |   67 |   42 |
| Net income from discontinued operations |    9 |    9 |    5 |
| Total                                   |  100 |  190 |  168 |

The estimated amounts of employer’s contributions to plan assets in