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Other Gains / (Losses) - Net
12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Other Gains / (Losses) - Net

NOTE 7—OTHER GAINS / (LOSSES)—NET

 

(in millions of Euros)

   Notes    Year ended 
December 31,
2017
     Year ended 
December 31,
2016
     Year ended 
December 31,
2015
 

Realized gains/( losses) on derivatives(A)

   22      —          (62      (93

Unrealized gains / (losses) on derivatives at fair value through profit and loss—net (A)

   3      57        71        (20

Unrealized exchange (losses) /gains from the remeasurement of monetary assets and liabilities—net

   3      (4 )       3        (3

Gains / (losses) on pension plan amendments

   23      20        —          (5

Losses on disposal

        (3 )       (10      (5

Wise purchase price adjustment (B)

   3      —          20        —    

Wise acquisition costs

        —          —          (5

Other

        —          (1      —    
     

 

 

    

 

 

    

 

 

 

Total other gains / (losses)—net

            70            21        (131
     

 

 

    

 

 

    

 

 

 

 

(A) Realized gains/(losses) are related to derivatives entered into with the purpose of mitigating exposure to volatility in foreign currency and commodity price. Unrealized gains and losses are related to derivatives that do not qualify for hedge accounting.
(B) The contractual price adjustment relating to the acquisition of Wise Metals Intermediate Holdings was finalized in 2016. We received a cash payment of €21 million and recorded €20 million gain net of costs.

The cash received was presented in net cash flows used in investing activities (acquisition of subsidiaries net of cash acquired) in the Consolidated Statement of Cash Flows.