31. Other provisions
in € million |
Provisions for product warranties |
Provisions for personnel |
Provisions for onerous contracts |
Other obligations |
Total other provisions |
|---|---|---|---|---|---|
Balance as at Jan. 1, 2025 |
169.9 |
152.1 |
68.3 |
92.3 |
482.6 |
thereof non-current |
37.7 |
111.0 |
7.9 |
56.5 |
213.2 |
thereof current |
132.2 |
41.1 |
60.3 |
35.8 |
269.4 |
Group changes |
0.0 |
0.2 |
– |
–2.8 |
–2.6 |
Additions |
74.3 |
240.3 |
27.3 |
62.3 |
404.2 |
Utilizations |
–44.8 |
–38.8 |
–23.5 |
–5.7 |
–112.8 |
Reversals |
–35.6 |
–66.8 |
–8.7 |
–33.9 |
–145.0 |
Additions to accrued interest |
– |
0.5 |
– |
–0.1 |
0.4 |
Currency translation adjustments |
–4.9 |
–4.9 |
–3.2 |
–3.5 |
–16.5 |
Other adjustments |
– |
–0.3 |
– |
0.5 |
0.2 |
Balance as at Dec. 31, 2025 |
158.9 |
282.3 |
60.3 |
109.1 |
610.5 |
thereof non-current |
33.0 |
159.0 |
6.8 |
76.2 |
275.0 |
thereof current |
125.9 |
123.3 |
53.4 |
32.9 |
335.5 |
The provisions for product warranties include contractual and statutory obligations arising from the sale of industrial trucks, spare parts, and automation solutions. It is expected that the bulk of the cash payments will be incurred within the next two years after the reporting date.
The provisions for personnel comprise provisions for long-service awards, partial retirement obligations, share-based remuneration obligations, severance pay, and obligations under social plans. The provisions for partial retirement obligations were recognized on the basis of individual contractual arrangements and agreements under collective bargaining law. The efficiency program resulted in personnel obligations of €45.8 million being recognized in the Industrial Trucks & Services segment and in Corporate Services as at the reporting date. Some of the provisions that had been recognized during the year had been overfunded and were reversed again. Share-based remuneration obligations rose by €88.0 million to €135.6 million in the year under review owing to the higher valuation of the performance shares compared with the previous year (see note [43]). The bulk of the cash payments for the personnel obligations are likely to be incurred within the next two years after the reporting date.
Most of the provisions for onerous contracts as at December 31, 2025 related to project business contracts in the Supply Chain Solutions segment; the payments expected to be made in this context will be incurred within the next two years after the reporting date.
Other obligations included provisions for risks arising from lease business, for waste disposal and recycling obligations, and for litigation. It is expected that the bulk of the cash payments for the other obligations will be incurred within the next two years after the reporting date.