Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2017


(in millions of Euros)	Land and Property Rights			Buildings			Machinery and Equipment			Construction Work in Progress			Other			Total
Net balance at January 1, 2017		19			209			1,020			221			8			1,477
Additions		1			2			50			224			5			282
Disposals		—			(1	)		(3	)		—			—			(4	)
Depreciation expense		(4	)		(13	)		(135	)		—			(7	)		(159	)
Transfer during the period		—			18			223			(237	)		4			8
Effects of changes in foreign exchange rates		(2	)		(9	)		(66	)		(10	)		—			(87	)

Net balance at December 31, 2017		14			206			1,089			198			10			1,517

Cost		25			321			1,712			204			29			2,291
Less accumulated depreciation and impairment		(11	)		(115	)		(623	)		(6	)		(19	)		(774	)

Net balance at December 31, 2017		14			206			1,089			198			10			1,517


(in millions of Euros)	Land and Property Rights			Buildings			Machinery and Equipment			Construction Work in Progress			Other			Total
Net balance at January 1, 2016		21			158			773			296			7			1,255
Additions		—			6			56			297			3			362
Disposals		—			—			(6	)		(5	)		—			(11	)
Depreciation expense		(4	)		(13	)		(120	)		—			(7	)		(144	)
Transfer during the period		1			55			309			(370	)		5			—
Effects of changes in foreign exchange rates		1			3			8			3			—			15

Net balance at December 31, 2016		19			209			1,020			221			8			1,477

Cost		27			324			1,581			228			27			2,187
Less accumulated depreciation and impairment		(8	)		(115	)		(561	)		(7	)		(19	)		(710	)

Net balance at December 31, 2016		19			209			1,020			221			8			1,477

Summary of Amounts Included in Building, Machinery and Equipment Under a Finance Lease

Building, machinery and equipment includes the following amounts where the Group is a lessee under a finance lease:


	At December 31, 2017							At December 31, 2016
*(in millions of Euros)*	Gross value		Accumulated depreciation			Net		Gross value		Accumulated depreciation			Net
Buildings under finance lease		30		(5	)		25		31		(3	)		28
Machinery and equipment under finance lease		62		(27	)		35		50		(21	)		29

Total		92		(32	)		60		81		(24	)		57

Summary of Future Aggregate Minimum Lease Payments Under Non-cancellable Finance Leases

The future aggregate minimum lease payments under non-cancellable finance leases are as follows:


*(in millions of Euros)*	At December 31, 2017		At December 31, 2016
Less than 1 year		15		13
1 to 5 years		37		36
More than 5 years		19		22

Total		71		71

The present value of future aggregate minimum lease payments under non-cancellable finance leases are as follows:


*(in millions of Euros)*	At December 31, 2017		At December 31, 2016
Less than 1 year		14		10
1 to 5 years		30		35
More than 5 years		16		15

Total		60		60

Summary of Total Depreciation Expense and Impairment Losses Relating to Property Plant and Equipment and Intangible Assets

Total depreciation expense and impairment losses relating to property, plant and equipment and intangible assets are presented in the Consolidated Income Statement as follows:


*(in millions of Euros)*	Year ended December 31, 2017			Year ended December 31, 2016			Year ended December 31, 2015
Cost of sales		(160	)		(147	)		(132	)
Selling and administrative expenses		(8	)		(6	)		(6	)
Research and development expenses		(3	)		(2	)		(2	)
Impairment		—			—			(452	)

Total		(171	)		(155	)		(592	)