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Currency Gains / (Losses) (Tables)
12 Months Ended
Dec. 31, 2018
Text block [abstract]  
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,
2018
     Year ended
December 31,
2017
     Year ended
December 31,
2016
 

Included in Revenue

   23      2        2        —    

Included in Cost of sales

        2        (4      4  

Included in Other gains / (losses)—net

        7        (4      (3
     

 

 

    

 

 

    

 

 

 

Total

        11        (6      1  
     

 

 

    

 

 

    

 

 

 

Realized exchange gains / (losses) on foreign currency derivatives—net

   23      11        (15      (46

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

   23      (3      17        40  

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

        3        (8      7  
     

 

 

    

 

 

    

 

 

 

Total

            11          (6          1  
     

 

 

    

 

 

    

 

 

 
Summary of Foreign Currency Translation Reserve

Foreign currency translation reserve

 

(in millions of Euros)

   At
December 31,
2018
     At
December 31,
2017
 

Foreign currency translation reserve at January 1

     (7          12  

Effect of currency translation differences

         10        (19
  

 

 

    

 

 

 

Foreign currency translation reserve at December 31

     3      (7