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Deferred Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Text block [abstract]

Summary of Deferred Income Tax


*(in millions of Euros)*		At December 31, 2018				At December 31, 2017
Deferred income tax assets			163				164
Deferred income tax liabilities			(22	)			(25	)

Net deferred income tax assets			141				139

Significant Components of Deferred Tax Assets and Liabilities

The following tables show the changes in net deferred income tax assets / (liabilities) for the years ended December 31, 2018 and 2017.


*(in millions of Euros)*		At January 1, 2018				Recognized in								FX				At December 31, 2018
						Profit or loss				OCI
Long-term assets			(76	)			(15	)			—				(3	)			(94	)
Inventories			4				1				—				—				5
Pensions			130				(12	)			(7	)			5				116
Derivative valuation			(20	)			22				8				2				12
Tax losses carried forward			78				(13	)			—				(4	)			61
Other ^(A)			23				15				—				3				41

Total			139				(2	)			1				3				141

(A)	Mainly non-deductible provisions and interests.


*(in millions of Euros)*		At January 1, 2017				Recognized in								FX				At December 31, 2017
						Profit or loss				OCI
Long-term assets			(90	)			5				—				9				(76	)
Inventories			6				(2	)			—				—				4
Pensions			188				(39	)			(5	)			(14	)			130
Derivative valuation			13				(17	)			(15	)			(1	)			(20	)
Tax losses carried forward			79				3				—				(4	)			78
Other ^(A)			26				(3	)			—				—				23

Total			222				(54	)			(20	)			(9	)			139

(A)	Mainly non-deductible provisions.

Components of Non Recognized Deferred Tax Assets


*(in millions of Euros)*		At December 31, 2018				At December 31, 2017
Expiring within 5 years			(45	)			(69	)
Expiring after 5 years and limited			(89	)			(96	)
Unlimited			(19	)			(18	)

Tax losses			(153	)			(183	)

Long-term assets			(107	)			(116	)
Pensions			(18	)			(20	)
Other			(43	)			(37	)

Deductible temporary differences			(168	)			(173	)

Total			(321	)			(356	)