Changes in the present value of the defined benefit plan obligation and the fair value of plan assets are shown below:
| FISCAL 2021 | FISCAL 2020 | |||||
|---|---|---|---|---|---|---|
| (in millions of euro) | BENEFIT OBLIGATION | PLAN ASSETS | NET BENEFIT OBLIGATION | BENEFIT OBLIGATION | PLAN ASSETS | NET BENEFIT OBLIGATION |
| As of September 1 | As of September 1FISCAL 20211,476 | As of September 1FISCAL 2020(1,284) | 192 | 1,450 | (1,210) | 240 |
| Expense/(income) recognized in the income statement | Expense/(income) recognized in the income statement FISCAL 202133 |
Expense/(income) recognized in the income statement FISCAL 2020(19) |
13 | 39 | (19) | 21 |
| Current service cost | Current service costFISCAL 2021 20 |
Current service costFISCAL 2020 (1) |
18 | 19 | — | 19 |
| Past service cost | Past service costFISCAL 2021(8) | Past service costFISCAL 2020 — |
(8) | (2) | — | (2) |
| Effect of settlements | Effect of settlementsFISCAL 2021 — |
Effect of settlementsFISCAL 2020 — |
— | — | — | — |
| Interest cost/(income) | Interest cost/(income)FISCAL 202121 | Interest cost/(income)FISCAL 2020(18) | 3 | 23 | (19) | 4 |
| Remeasurement losses/(gains) | Remeasurement losses/(gains) FISCAL 202150 |
Remeasurement losses/(gains) FISCAL 2020(60) |
(10) | 5 | (49) | (44) |
| Actuarial losses/(gains) arising from changes in demographic assumptions | Actuarial losses/(gains) arising from changes in demographic assumptionsFISCAL 2021(11) | Actuarial losses/(gains) arising from changes in demographic assumptionsFISCAL 2020— | (11) | (4) | — | (4) |
| Actuarial losses/(gains) arising from changes in financial assumptions | Actuarial losses/(gains) arising from changes in financial assumptionsFISCAL 202159 | Actuarial losses/(gains) arising from changes in financial assumptionsFISCAL 2020(60) | (1) | 13 | (49) | (36) |
| Experience adjustments | Experience adjustmentsFISCAL 20212 | Experience adjustmentsFISCAL 2020— | 2 | (4) | — | (4) |
| Currency translation adjustment | Currency translation adjustment FISCAL 202141 |
Currency translation adjustment FISCAL 2020(41) |
— | 5 | 5 | — |
| Contributions made by plan members | Contributions made by plan members FISCAL 20211 |
Contributions made by plan members FISCAL 2020(1) |
— | 2 | — | 2 |
| Employer contributions | Employer contributions FISCAL 2021— |
Employer contributions FISCAL 2020— |
— | — | (19) | (19) |
| Benefits paid from plan assets | Benefits paid from plan assets FISCAL 2021(44) |
Benefits paid from plan assets FISCAL 2020(41) |
(3) | (38) | 38 | — |
| Benefits paid other than from plan assets | Benefits paid other than from plan assets FISCAL 2021(16) |
Benefits paid other than from plan assets FISCAL 2020(15) |
(31) | (8) | — | (8) |
| Changes in scope of consolidation and other* | Changes in scope of consolidation and other *FISCAL 2021(106) |
Changes in scope of consolidation and other *FISCAL 2020104 |
(2) | 21 | (20) | 1 |
| AS OF AUGUST 31 | AS OF AUGUST 31FISCAL 20211,435 | AS OF AUGUST 31FISCAL 2020(1,275) | 160 | 1,476 | (1,284) | 192 |
| Of which: | Of which: FISCAL 2021
|
Of which: FISCAL 2020
|
||||
| Partially funded plans | Partially funded plans FISCAL 20211,308 |
Partially funded plans FISCAL 2020(1,275) |
33 | 1, 350 | (1,284) | 65 |
| Unfunded plans | Unfunded plans FISCAL 2021127 |
Unfunded plans FISCAL 2020— |
127 | 127 | — | 127 |
* Including for the fiscal year 2021 a benefit obligation decrease amounting to 104 million euro and assets for the same amount, linked to the retirement benefit obligations in six UK companies due to expiry of the contract.
The amounts recorded in the income statement for defined benefit plans totaled 13 million euro in Fiscal 2021 (23 million euro in Fiscal 2020 ) and break down as follows :
