OMNICOM GROUP INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The change in benefit obligation and fair value of plan assets of the defined benefit pension plans were (in millions): The funded status and balance sheet classification of the defined benefit pension plans were (in millions): At December 31, 2020 and 2019, the accumulated benefit obligation for our defined benefit pension plans was $243.9 million and $268.9 million, respectively. Plans with benefit obligations in excess of plan assets were (in millions): The weighted average assumptions used to determine the benefit obligation were: F-26 December 31, 2020 2019 Discount rate 1.7 % 2.8 % Compensation increases 2.7 % 2.7 % At December 31, 2020, the estimated benefits expected to be paid over the next 10 years are (in millions): 2021 $ 6.5  2022 16.5  2023 16.7  2024 15.8  2025 18.7  2026 - 2030 104.9  December 31, 2020 2019 Benefit obligation $ (294.0) $ (280.7) Plan assets 45.4  48.3  $ (248.6) $ (232.4) December 31, 2020 2019 Funded Status $ (246.0) $ (229.2) Other assets $ 2.7  $ 2.8  Other current liabilities (5.2) (5.1) Long-term liabilities (243.5) (226.9) $ (246.0) $ (229.2) December 31, 2020 2019 Benefit Obligation: January 1 $ 293.5  $ 258.4  Service cost 7.5  7.9  Interest cost 7.7  8.2  Amendments, curtailments and settlements (0.2) 1.4  Actuarial loss 17.2  28.8  Benefits paid (13.5) (9.2) Foreign currency translation (2.9) (2.0) December 31 $ 309.3  $ 293.5  Fair Value of Plan Assets: January 1 $ 64.3  $ 57.4  Actual return on plan assets 5.0  8.7  Employer contributions 9.1  7.1  Benefits paid (13.5) (9.2) Foreign currency translation and other (1.6) 0.3  December 31 $ 63.3  $ 64.3 