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Off balance sheet commitments (Tables)
12 Months Ended
Dec. 31, 2022
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract]  
Summary of Off Balance Sheet Commitments Relating to Operating Activities
Off balance sheet commitments relating to Sanofi’s operating activities comprise the following:
December 31, 2022Payments due by period
(€ million)TotalLess than
1 year
1 to
3 years
3 to
5 years
More than
5 years
Leases with a term of less than 12 months, low value asset leases and lease contracts committed but not yet commenced(a)(b)
38 26 
Irrevocable purchase commitments(c)
given(d)
10,921 5,957 2,922 1,062 980 
received
(1,025)(482)(335)(86)(122)
Research and development license agreements - commitments given
commitments related to R&D and other commitments(e)
259 197 39 10 13 
contingent milestone payments in connection with development programs in progress(f)
2,919 203 875 889 952 
Total - net commitments given(g)
13,112 5,901 3,505 1,878 1,828 
(a) Includes the variable portion of future lease payments not recognized as lease liabilities as of December 31, 2022; the equivalent amount of these commitments as of December 31, 2021 was €109 million.
(b) These comprise irrevocable commitments to suppliers of (i) property, plant and equipment, net of down-payments (see Note D.3.) and (ii) goods and services. As of December 31, 2021, irrevocable commitments amounted to €8,901 million given and €1,124 million received.
(c) Irrevocable purchase commitments given as of December 31, 2022 include €871 million of commitments to joint ventures, and the commitment to EUROAPI as described in Note D.1.
(d) Commitments related to R&D, and other commitments, amounted to €536 million as of December 31, 2021.
(e) This line includes only contingent milestone payments on development projects in progress. The equivalent amount as of December 31, 2021 was €2,892 million.
Summary of Undrawn Credit Facilities
Undrawn credit facilities are as follows:
December 31, 2022TotalExpiry
(€ million)Less than
1 year
1 to
3 years
3 to
5 years
More than
5 years
General-purpose credit facilities8,000 4,000 — 4,000 — 
Summary of Amount of Guarantees Given and Received
The table below shows the amount of guarantees given and received:
(€ million)202220212020
Guarantees given:3,815 3,794 3,291 
Guarantees provided to banks in connection with credit facilities
1,007 1,042 695 
Other guarantees given
2,808 2,752 2,596 
Guarantees received(1,229)(1,149)(964)