XML 116 R70.htm IDEA: XBRL DOCUMENT v3.24.0.1
Liabilities related to business combinations and to non-controlling interests (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination [Abstract]  
Summary of Movements in Liabilities Related to Business Combinations and to Non-Controlling Interests
Movements in liabilities related to business combinations and to non-controlling interests are shown below:
(€ million)
Bayer
contingent
consideration
arising from the
acquisition of
Genzyme
MSD
contingent
consideration
(European
Vaccines
business)
Shire
contingent
consideration
arising from the
acquisition of
Translate Bio
Contingent consideration arising from acquisition of AmunixOther
Total(a)
Balance at January 1, 2021104 312 — — 189 605 
New transactions(c)
— — 323 — 37 360 
Payments made(d)
(31)(75)— — (152)(258)
Fair value remeasurements through profit or loss: (gain)/loss (including unwinding of discount)(b)
(18)26 19 — (31)(4)
Other movements— — — — (14)(14)
Currency translation differences4 6 12 — 3 25 
Balance at December 31, 202159 269 354 — 32 714 
New transactions
— — — 156 — 156 
Payments made
(29)(79)— — (28)(136)
Fair value remeasurements through profit or loss: (gain)/loss (including unwinding of discount)(b)
(9)14 2 (2)— 5 
Other movements— — — — — — 
Currency translation differences5 — 24 11 — 40 
Balance at December 31, 202226 204 380 165 4 779 
New transactions— — — — — — 
Payments made(21)(77)— (69)— (167)
Fair value remeasurements through profit or loss: (gain)/loss (including unwinding of discount)(b)
(5)— 74 45 — 114 
Other movements— — — — — — 
Currency translation differences— — (13)(4)— (17)
Balance at December 31, 2023— 127 441 137 4 709 
(a)    Portion due after more than one year: €501 million as of December 31, 2023 (€674 million as of December 31, 2022 and €577 million as of December 31, 2021); portion due within less than one year: €208 million as of December 31, 2023 (€105 million as of December 31, 2022 and €137 million as of December 31, 2021).
(b)    Amounts reported within the income statement line item Fair value remeasurement of contingent consideration, and mainly comprising unrealized gains and losses.
(c)    Mainly corresponds to the recognition of the Shire Human Genetic Therapies Inc. (Shire) contingent consideration liability of $382 million resulting from the acquisition of Translate Bio in September 2021.
(d)    The “Other” column mainly relates to the contingent consideration liability due to True North Therapeutics as a result of Sanofi's acquisition of Bioverativ which was settled in the first half of 2021.
Summary of Maximum Amount of Contingent Consideration Payable and Firm Commitments to Buy Out Non-Controlling Interests
The table below sets forth the maximum amount of contingent consideration payable in respect of already-marketed products:
December 31, 2023TotalPayments due by period
(€ million)Less than
1 year		From 1 to
3 years		From 3 to
5 years		More than
5 years
Commitments relating to contingent consideration in connection with business combinations
133 69 64 — —