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CURRENCY GAINS / (LOSSES) (Tables)

12 Months Ended

Dec. 31, 2021

Analysis of income and expense [abstract]

Schedule of Currency Gains and Losses Included in Income from Operations


												Year ended December 31,
(in millions of Euros)						Notes						2021						2020						2019
Included in Revenue						21						(4)						(6)						(7)
Included in Cost of sales												1						(2)						1
Included in Other gains and losses - net						21						16						(19)						9
Total												13						(27)						3

Realized exchange (losses) / gains on foreign currency derivatives - net						21						(1)						(11)						1
Losses reclassified from OCI as a result of hedge accounting discontinuation						21						—						(6)						—
Unrealized gains / (losses) on foreign currency derivatives - net						21						13						(8)						1
Exchange gains / (losses) from the remeasurement of monetary assets and liabilities - net												1						(2)						1
Total												13						(27)						3

Schedule of Foreign Currency Translation Reserve


						At December 31,
(in millions of Euros)						2021						2020
Foreign currency translation reserve at January 1						(13)						4
Effect of currency translation differences						32						(17)
Foreign currency translation reserve at December 31						19						(13)