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Currency Gains / (Losses) (Tables)
 12 Months Ended
Dec. 31, 2017
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Summary of Currency Gains and Losses Included in Income from Operations

Currency gains and losses, which are included in Income from operations, are as follows:

 

(in millions of Euros)

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

Included in Revenue

      22        2        —          —    

Included in Cost of sales

         (4 )       4            13  

Included in Other gains / (losses)—net

         (4 )       (3 )       (50 ) 
     

 

 

     

 

 

     

 

 

  

Total

         (6 )       1        (37 ) 
     

 

 

     

 

 

     

 

 

  

Realized exchange losses on foreign currency derivatives—net

      22        (15 )       (46 )       (37 ) 

Unrealized gains /(losses) on foreign currency derivatives—net

      22            17            40        (10 ) 

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

         (8 )       7        10  
     

 

 

     

 

 

     

 

 

  

Total

         (6 )       1        (37 ) 
     

 

 

     

 

 

     

 

 

  

Summary of Foreign Currency Translation Reserve

Foreign currency translation reserve

 

(in millions of Euros)

    Year ended
December 31,
2017		      Year ended
December 31,
2016		  

Foreign currency translation reserve at January 1

          12            6  

Effect of currency translation differences—net

      (19 )       6  
  

 

 

     

 

 

  

Foreign currency translation reserve at December 31

      (7 )       12