XML 34 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Provisions
6 Months Ended
Jun. 30, 2018
Text block1 [abstract]  
Provisions

NOTE 21 - PROVISIONS

 

(in millions of Euros)

   Notes    Close down and
environmental
remediation costs
    Restructuring
costs
    Legal claims and
other costs
    Total  

At January 1, 2018

        81       5       67       153  

Transfer from provision to contract liability

   2      —         —         (23     (23

Allowance

        1       —         7       8  

Amounts used

        (1     (1     (4     (6

Unused amounts reversed

        —         —         (1     (1

Unwinding of discounts

        (1     —         —         (1

Effects of changes in foreign exchange rates

        1       —         1       2  

Transfer

        —         —         4       4  
     

 

 

   

 

 

   

 

 

   

 

 

 

At June 30, 2018

        81       4       51       136  
     

 

 

   

 

 

   

 

 

   

 

 

 

Current

        5       2       33       40  

Non-Current

        76       2       18       96  
     

 

 

   

 

 

   

 

 

   

 

 

 

Total provisions

        81       4       51       136  
     

 

 

   

 

 

   

 

 

   

 

 

 

 

Legal claims and other costs

 

(in millions of Euros)

   At June 30, 2018      At December 31, 2017  

Maintenance and customer related provisions

     10        25  

Litigation

     36        36  

Disease claims

     4        3  

Other

     1        3  
  

 

 

    

 

 

 

Total provisions for legal claims and other costs

     51        67  
  

 

 

    

 

 

 

Provisions and contingencies

The Group is involved, and may become involved, in various law suits, claims and proceedings relating to customer claims, product liability, and other commercial matters. The Group records provisions for pending litigation matters when it determines that it is probable that an outflow of resources will be required to settle the obligation, and such amounts can be reasonably estimated. In some proceedings, the issues raised are or may be highly complex and subject to significant uncertainties and amounts claimed may be substantial. As a result, the probability of loss and an estimation of damages are difficult to ascertain. The Group defends vigorously cases it believes are without merit. At the present time and on the basis of the facts currently available in respect of such pending claims, while it is possible that an unfavorable outcome may occur from these proceedings, after assessing the information available, the Group has concluded that it is not probable that a loss has been incurred in respect of such matters and / or is unable to estimate the possible loss or range of loss in respect of such matters. In exceptional cases, when the group considers that disclosures relating to provisions and contingencies may prejudice its position, disclosures are limited to the general nature of the dispute.