Employee benefits increased by 448 million euros compared to December 31, 2016 and are summarized as follows:
| As of December 31, 2015 |
Increases/ Present value |
Decrease | Exchange differences and other changes |
As of December 31, 2016 |
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Provision for employee severance indemnities |
(A) | 1,018 | 49 | (59 | ) | 1 | 1,009 | |||||||||||||||||
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Provision for pension plans |
23 | 7 | (2 | ) | 28 | |||||||||||||||||||
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Provision for termination benefit incentives and Corporate restructuring expenses |
413 | 101 | (160 | ) | (6 | ) | 348 | |||||||||||||||||
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Total other provisions for employee benefits |
(B) | 436 | 108 | (162 | ) | (6 | ) | 376 | ||||||||||||||||
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Total |
(A+B) | 1,454 | 157 | (221 | ) | (5 | ) | 1,385 | ||||||||||||||||
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Of which: |
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Non-current portion |
1,420 | 1,355 | ||||||||||||||||||||||
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Current portion(*) |
34 | 30 | ||||||||||||||||||||||
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| (*) | The current portion refers only to Other provisions for employee benefits. |
| As of December 31, 2016 |
Increases/ Present value |
Decrease | Exchange differences and other changes |
As of December 31, 2017 |
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Provision for employee severance indemnities |
(A) | 1,009 | — | (51 | ) | — | 958 | |||||||||||||||||
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Provision for pension plans and other |
28 | (2 | ) | (1 | ) | (3 | ) | 22 | ||||||||||||||||
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Provision for termination benefit incentives and Corporate restructuring expenses |
348 | 689 | (177 | ) | (7 | ) | 853 | |||||||||||||||||
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Total other provisions for employee benefits |
(B) | 376 | 687 | (178 | ) | (10 | ) | 875 | ||||||||||||||||
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Total |
(A+B) | 1,385 | 687 | (229 | ) | (10 | ) | 1,833 | ||||||||||||||||
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Of which: |
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Non-current portion |
1,355 | 1,736 | ||||||||||||||||||||||
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Current portion(*) |
30 | 97 | ||||||||||||||||||||||
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| (*) | The current portion refers only to Other provisions for employee benefits. |