Trade Payables and Other

12 Months Ended

Dec. 31, 2018

NOTE 20—TRADE PAYABLES AND OTHER


	At December 31, 2018				At December 31, 2017
*(in millions of Euros)*	Non-current		Current		Non-current		Current
Trade payables		—		685		—		717

Fixed assets payables		—		30		—		27
Employees’ entitlements		—		160		—		159
Taxes payable other than income tax		—		16		—		12
Deferred revenue (until December 31, 2017)		—		—		34		10
Contract liabilities (from January 1, 2018)		9		68		—		—
Other payables		18		9		20		5

Total Other		27		283		54		213

Total Trade payables and other		27		968		54		930

20.1 Contract liabilities


	At December 31, 2018				At January 1, 2018
*(in millions of Euros)*	Non-current		Current		Non-current		Current
Deferred tooling revenue		—		—		14		—
Advance payment from customers		7		9		18		9
Unrecognized variable consideration ^(A)		2		57		—		41
Other		—		2		—		1

Total Contract liabilities		9		68		32		51

(A)	Unrecognized variable consideration consists of expected volume rebates, discounts, incentives, refunds penalties and price concessions.

Revenue, included in the contract liabilities as of January 01, 2018, was recognized in 2018 for €55 million and revenue, generated in 2018, in the amount of €45 million was deferred.