www.se.com 380 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 The total present value of Defined Benefit Obligations breaks down as follows between wholly or partly funded plans and wholly unfunded plans: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Present value of wholly or partly funded benefit obligation (9,052) (9,356) Fair value on plan assets 8,871 8,521 Effect of assets ceiling (210) (66) Net position of wholly or partly funded benefit obligation (391) (901) Present value of wholly or partly unfunded benefit obligation (634) (661) NET LIABILITY FROM FUNDED AND UNFUNDED PLANS (1,025) (1,562) Balance Sheet impact: surplus of plans recognized as assets* 370 146 provisions recognized as liabilities (1, 395) (1,70 8) * The surplus of plans recognized as assets represents the assets in excess of the liabilities, generally assumed to be recoverable, and after applying any asset ceiling Changes in gross items recognized in equity were as follows: (in millions of euros) Full year 2021 Full year 2020 Actuarial (gains)/losses on Defined Benefit Obligations arising from demographic assumptions (121) (6) Actuarial (gains)/losses on Defined Benefit Obligations arising from financial assumptions (522) 853 Actuarial (gains)/losses on Defined Benefit Obligations from experience effects (58) (51) Actuarial (gains)/losses on plan assets 117 (621) Effect of asset ceiling 133 (52) TOTAL RECOGNIZED IN EQUITY DURING THE PERIOD (451) 123 of which UK 259 (111) of which US 116 (5) Plans asset allocation: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Equity 6% 9% Bonds 80% 80% Others 14% 11% TOTAL 100% 100% 20.2 – Sensitivity analysis The effect of a ± 0.5% change in the discount rate on the 2021 Defined Benefit Obligations is as follows: (in millions of euros) Total United Kingdom United States Rest of the World +0.5% -0.5% +0.5% -0.5% +0.5% -0.5% +0.5% -0.5% DBO Impact (591) 660 (385) 431 (117 ) 129 (89) 100 5.5 Notes to the consolidated financial statements