XML 351 R117.htm IDEA: XBRL DOCUMENT v3.22.4
FINANCIAL RISK MANAGEMENT - Narrative (Details)
€ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
EUR (€)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
EUR (€)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
EUR (€)
Dec. 31, 2019
EUR (€)
Disclosure of liquidity risk [line items]              
Percentage of trade account receivables insured 76.00%     76.00%      
Revolving credit facilities outstanding availability € 480            
Liquidity value 709   € 773        
Cash and cash equivalents 166   147     € 439 € 184
Undrawn facilities 543   626        
Derivative classified as cash flow hedge              
Disclosure of liquidity risk [line items]              
Nominal amount hedging instrument | $       $ 248 $ 274    
Forward purchase contracts versus EURO | Foreign exchange forward contracts              
Disclosure of liquidity risk [line items]              
Net position hedges related to loans and deposits | $   $ 115          
U.S. Revolving Facility              
Disclosure of liquidity risk [line items]              
Borrowing base | $       $ 469      
French Inventory Based Facility              
Disclosure of liquidity risk [line items]              
Borrowing base 100            
Currency risk              
Disclosure of liquidity risk [line items]              
Margin requirement paid as collateral to counterparties     0        
10% increase or decrease in the market price | Aluminium              
Disclosure of liquidity risk [line items]              
Impact of increase or decrease in market price in gain or loss from derivatives 28            
Top of range | 50 basis point increase or decrease in the LIBOR or EURIBOR interest rates              
Disclosure of liquidity risk [line items]              
Impact of increase or decrease in interest rate in income before income tax € 3   € 1