CURRENCY GAINS / (LOSSES)

6 Months Ended

Jun. 30, 2023

Analysis of income and expense [abstract]

NOTE 6 - CURRENCY GAINS / (LOSSES)


		Three months ended June 30,		Six months ended June 30,
(in millions of Euros)	Notes	2023	2022	2023	2022
Included in Revenue	18	(1)	(1)	(2)	(2)
Included in Cost of sales		—	2	(1)	2
Included in Other gains and losses - net		(1)	(8)	5	(7)
Total		(2)	(7)	2	(7)

Realized exchange gains / (losses) on foreign currency derivatives - net	18	4	(2)	6	(1)

Unrealized losses on foreign currency derivatives - net	18	(6)	(6)	(3)	(7)
Exchange gains / (losses) from the remeasurement of monetary assets and liabilities - net		—	1	(1)	1
Total		(2)	(7)	2	(7)

See NOTE 17 - Financial Instruments and NOTE 18 - Financial Risk Management for further information regarding the Company’s foreign currency derivatives and hedging activities.