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PENSIONS AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure of employee benefits [Abstract]

Schedule of Sensitivity Analysis and Actuarial Assumptions

						At June 30, 2021						At December 31, 2020
						Discount rate						Discount rate
Switzerland						0.20%						0.00%
U.S.						—						—
Hourly pension						2.75% - 2.95%						2.45% - 2.65%
Salaried pension						2.85%						2.55%
OPEB						2.85% - 3.15%						2.50% - 2.80%
Other benefits						2.50% - 2.90%						2.20% - 2.55%
France						—						—
Retirements						0.90%						0.50%
Other benefits						0.75%						0.40%
Germany						0.95%						0.55%

Schedule of Amounts Recognized in the Consolidated Statement of Financial Position

						At June 30, 2021																		At December 31, 2020
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Present value of funded obligation						741						—						741						772						—						772
Fair value of plan assets						(504)						—						(504)						(458)						—						(458)
Deficit of funded plans						237						—						237						314						—						314
Present value of unfunded obligation						131						213						344						134						216						350
Net liability arising from defined benefit obligation						368						213						581						448						216						664

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

						Three months ended June 30,
						2021																		2020
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(6)						(2)						(8)						(5)						(1)						(6)
Past service cost						—						(2)						(2)						—						(2)						(2)
Net interest						(1)						(1)						(2)						(2)						(1)						(3)
Immediate recognition of gains arising over the year						—						—						—						—						(1)						(1)
Administration expenses						—						—						—						(1)						—						(1)
Total						(7)						(5)						(12)						(8)						(5)						(13)

						Six months ended June 30,
						2021																		2020
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(11)						(4)						(15)						(11)						(3)						(14)
Past service cost						—						(2)						(2)						—						(2)						(2)
Net interest						(2)						(2)						(4)						(3)						(3)						(6)
Immediate recognition of gains arising over the year						—						1						1						—						—						—
Administration expenses						(1)						—						(1)						(1)						—						(1)
Total						(14)						(7)						(21)						(15)						(8)						(23)

Schedule of Movement in Net Defined Benefit Obligations

						At June 30, 2021
						Defined benefit obligations																		Plan Assets						Net defined benefit liability
(in millions of Euros)						Pension benefits						Other benefits						Total
At January 1, 2021						906						216						1,122						(458)						664
Included in the Interim Income Statement
Current service cost						11						4						15						—						15
Interest cost / (income)						5						2						7						(3)						4
Past service cost						—						2						2						—						2
Immediate recognition of gains arising over the year						—						(1)						(1)						—						(1)
Administration expenses						—						—						—						1						1
Included in the Interim Statement of Comprehensive Income / (loss)
Remeasurements due to:
—actual return less interest on plan assets						—						—						—						(43)						(43)
—changes in financial assumptions						(39)						(9)						(48)						—						(48)
—changes in demographic assumptions						—						—						—						—						—
—experience losses						(1)						1						—						—						—
Effects of changes in foreign exchange rates						5						6						11						(3)						8
Included in the Interim Statement of Cash Flows
Benefits paid						(17)						(9)						(26)						15						(11)
Contributions by the Group						—						—						—						(10)						(10)
Contributions by the plan participants						2						1						3						(3)						—
At June 30, 2021						872						213						1,085						(504)						581

Schedule of Net Defined Benefit Obligations by Country

						At June 30, 2021																		At December 31, 2020
(in millions of Euros)						Defined benefit obligations						Plan assets						Net defined benefit liability						Defined benefit obligations						Plan assets						Net defined benefit liability
France						163						(5)						158						168						(5)						163
Germany						134						(2)						132						143						(1)						142
Switzerland						295						(248)						47						310						(223)						87
United States						492						(249)						243						500						(229)						271
Other countries						1						—						1						1						—						1
Total						1,085						(504)						581						1,122						(458)						664

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- Definition

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

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Disclosure of defined benefit plans recognized in Consolidated Statements of Financial Position.

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No definition available.

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The disclosure of geographical distribution of defined benefit obligations.

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- Definition

The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 19
-IssueDate 2020-01-01
-Paragraph 140
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2020-en-r&anchor=para_140_a&doctype=Standard
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- Definition

The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 19
-IssueDate 2020-01-01
-Paragraph 145
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-URIDate 2020-01-01

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