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DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2020
Income Taxes [Abstract]  
Schedule or Net Deferred Income Tax Assets
At December 31,
(in millions of Euros)20202019
Deferred income tax assets193 185 
Deferred income tax liabilities(10)(24)
Net deferred income tax assets183 161 
Schedule of Significant Changes in Net Deferred Income Tax Assets / (Liabilities)
At December 31,
(in millions of Euros)20202019
Deferred income tax assets193 185 
Deferred income tax liabilities(10)(24)
Net deferred income tax assets183 161 
At January 1, 2020AcquisitionsRecognized inFXAt December 31, 2020
(in millions of Euros)Profit or lossOCI
Long-term assets(99)— (16)— 9 (106)
Inventories8 — (3)— — 5 
Pensions127 — (1)5 (5)126 
Derivative valuation6 — (4)(7)— (5)
Tax losses carried forward75 — 49 — (8)116 
Other (A)44 — 6 — (3)47 
Net deferred income tax assets161 — 31 (2)(7)183 
(A)Other results mainly from non-deductible provisions and interest.
At January 1, 2019AcquisitionsRecognized inFX and reclassificationsAt December 31, 2019
(in millions of Euros)Profit or lossOCI
Long-term assets(94)1 (3)— (3)(99)
Inventories5 — 2 — 1 8 
Pensions116 — (4)13 2 127 
Derivative valuation12 — (8)2 — 6 
Tax losses carried forward (A)61 — 27 — (13)75 
Other (B)41 2 — — 1 44 
Net deferred income tax assets141 3 14 15 (12)161 
(A)The reclassifications resulted primarily from the adoption of IFRIC 23.
(B)Other results mainly from non-deductible provisions and interest.
Schedule of Unrecognized Deferred Tax Assets The related tax impact of €224 million and €259 million at December 31, 2020 and 2019, respectively, is attributable to the following:
At December 31,
(in millions of Euros)20202019
Expiring within 5 years(3)(2)
Expiring after 5 years and limited(55)(62)
Unlimited(23)(20)
Tax losses(81)(84)
Long-term assets(91)(104)
Pensions(16)(20)
Other(36)(51)
Deductible temporary differences(143)(175)
Total(224)(259)