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CURRENCY GAINS / (LOSSES) (Tables)

12 Months Ended

Dec. 31, 2022

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						2022						2021						2020
Included in Revenue						22						(8)						(4)						(6)
Included in Cost of sales												2						1						(2)
Included in Other gains and losses - net												5						16						(19)
Total												(1)						13						(27)

Realized exchange losses on foreign currency derivatives - net						22						(8)						(1)						(11)
Losses reclassified from OCI as a result of hedge accounting discontinuation						22						—						—						(6)
Unrealized gains / (losses) on foreign currency derivatives - net						22						6						13						(8)
Exchange gains / (losses) from the remeasurement of monetary assets and liabilities - net												1						1						(2)
Total												(1)						13						(27)

Schedule of Foreign Currency Translation Reserve


						At December 31,
(in millions of Euros)						2022						2021
Foreign currency translation reserve at January 1,						19						(13)
Effect of currency translation differences						22						32
Foreign currency translation reserve at December 31,						41						19