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CURRENCY GAINS / (LOSSES)

6 Months Ended

Jun. 30, 2022

Analysis of income and expense [abstract]

CURRENCY GAINS / (LOSSES)

NOTE 6 - CURRENCY GAINS / (LOSSES)

												Three months ended June 30,												Six months ended June 30,
(in millions of Euros)						Notes						2022						2021						2022						2021
Included in Revenue						17						(1)						—						(2)						(1)
Included in Cost of sales												2						—						2						—
Included in Other gains and losses - net												(8)						—						(7)						8
Total												(7)						—						(7)						7
Realized exchange losses on foreign currency derivatives - net						17						(2)						(2)						(1)						(5)
Unrealized (losses) / gains on foreign currency derivatives - net						17						(6)						3						(7)						11
Exchange gains / (losses) from the remeasurement of monetary assets and liabilities - net												1						(1)						1						1
Total												(7)						—						(7)						7

See NOTE 16 - Financial Instruments and NOTE 17 - Financial Risk Management for further information regarding the Company’s foreign currency derivatives and hedging activities.

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