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INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2020
Income Taxes [Abstract]  
Schedule of Current and Deferred Components of Income Tax
Year ended December 31,
(in millions of Euros)202020192018
Current tax expense(14)(32)(30)
Deferred tax benefit / (expense)31 14 (2)
Total income tax benefit / (expense)17 (18)(32)
Schedule of Income Tax Reconciliation Using Composite Statutory Income Tax Rate Applicable by Tax Jurisdiction
Year ended December 31,
(in millions of Euros)202020192018
(Loss) / income before income tax(34)82 222 
Statutory tax rate applicable to parent company (A)32.0 %34.4 %25.0 %
Income tax benefit / (expense) calculated at statutory tax rate11 (28)(55)
Effect of foreign tax rate2 3 2 
Changes in recognized and unrecognized deferred tax assets (B)15 (10)30 
Change in tax laws and rates (C)— 21 — 
Other(11)(4)(9)
Income tax benefit / (expense)17 (18)(32)
Effective income tax rate49 %22 %14 %
(A)The parent company is a French company for the years ended December 31, 2020 and 2019, and was a Dutch company for the year ended December 31, 2018.
(B)For the year ended December 31, 2020, changes mainly related to recognized deferred tax assets on prior-year losses carried forward at one of our main operating entities in the United States, following some clarification on U.S. interest limitation rules in 2020, and the CARES Act. For the year ended December 31, 2018, changes mainly related to non-recurring transactions, especially the gain on the sale of the North Building of the Sierre plant and termination of an existing lease agreement, that generated a significant taxable profit offset by the use of previously unrecognized tax losses carried forward.
(C)For the year ended December 31, 2019, the change in tax laws and rates relates mainly to the application of the Swiss Federal Tax Reform voted in May 2019 and enacted in the Canton where one of our entities is located.