Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018


*(in millions of Euros)*	Land and Property Rights			Buildings			Machinery and Equipment			Construction Work in Progress			Other			Total
Net balance at January 1, 2018		14			206			1,089			198			10			1,517
Additions		1			5			98			195			4			303
Disposals		—			—			(6	)		—			—			(6	)
Depreciation expense		(4	)		(13	)		(161	)		—			(6	)		(184	)
Transfer during the year		6			16			181			(202	)		2			3
Effects of changes in foreign exchange rates		1			3			26			3			—			33

Net balance at December 31, 2018		18			217			1,227			194			10			1,666

Cost		33			349			2,000			200			35			2,617
Less accumulated depreciation and impairment		(15	)		(132	)		(773	)		(6	)		(25	)		(951	)

Net balance at December 31, 2018		18			217			1,227			194			10			1,666


*(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 year		—			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

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, 2018							At December 31, 2017
*(in millions of Euros)*	Gross value		Accumulated depreciation			Net		Gross value		Accumulated depreciation			Net
Building under finance lease		31		(7	)		24		30		(5	)		25
Machinery and equipment under finance lease		79		(26	)		53		62		(27	)		35

Total		110		(33	)		77		92		(32	)		60

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, 2018		At December 31, 2017
Less than 1 year		20		15
1 to 5 years		50		37
More than 5 years		16		19

Total		86		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, 2018		At December 31, 2017
Less than 1 year		17		14
1 to 5 years		42		30
More than 5 years		14		16

Total		73		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, 2018			Year ended December 31, 2017			Year ended December 31, 2016
Cost of sales		(184	)		(160	)		(147	)
Selling and administrative expenses		(9	)		(8	)		(6	)
Research and development expenses		(4	)		(3	)		(2	)

Total		(197	)		(171	)		(155	)