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PENSIONS AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of employee benefits [Abstract]

Schedule of Sensitivity Analysis and Actuarial Assumptions

						At June 30, 2023						At December 31, 2022
						Discount rate						Discount rate
Switzerland						1.80%						2.05%
U.S.
Hourly pension						4.95% - 5.00%						5.00% - 5.05%
Salaried pension						4.95%						5.05%
OPEB						4.95% - 5.00%						5.00% - 5.05%
Other benefits						4.90% - 4.95%						4.95% - 5.00%
France
Retirements						3.70%						3.80%
Other benefits						3.75%						3.80%
Germany						3.70%						3.75%

Schedule of Amounts Recognized in the Consolidated Statement of Financial Position

						At June 30, 2023																		At December 31, 2022
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Present value of funded obligation						619						—						619						614						—						614
Fair value of plan assets						(475)						—						(475)						(461)						—						(461)
Deficit of funded plans						144						—						144						153						—						153
Present value of unfunded obligation						99						150						249						96						154						250
Net liability / (asset) arising from defined benefit obligation						243						150						393						249						154						403

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

						Three months ended June 30,
						2023																		2022
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(3)						(2)						(5)						(6)						(2)						(8)
Net interest						(3)						(1)						(4)						(1)						(1)						(2)
Immediate recognition of gains arising over the year						—						—						—						—						3						3
Administration expenses						—						—						—						(1)						—						(1)
Total						(6)						(3)						(9)						(8)						—						(8)

						Six months ended June 30,
						2023																		2022
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(7)						(3)						(10)						(11)						(4)						(15)
Net interest						(5)						(3)						(8)						(2)						(3)						(5)
Immediate recognition of gains arising over the year						—						—						—						—						5						5
Administration expenses						(1)						—						(1)						(1)						—						(1)
Total						(13)						(6)						(19)						(14)						(2)						(16)

Schedule of Movement in Net Defined Benefit Obligations

						Six months ended June 30, 2023
						Defined benefit obligations																		Plan Assets						Net defined benefit liability
(in millions of Euros)						Pension benefits						Other benefits						Total
At January 1, 2023						710						154						864						(461)						403
Included in the Consolidated Income Statement
Current service cost						7						3						10						—						10
Interest cost / (income)						13						3						16						(8)						8
Immediate recognition of gains arising over the year						—						—						—						—						—
Administration expenses						—						—						—						1						1
Included in the Statement of Comprehensive Income
Remeasurements due to:
—actual return less interest on plan assets						—						—						—						(16)						(16)
—changes in financial assumptions						12						1						13						—						13
—changes in demographic assumptions						—						—						—						—						—
—experience losses						—						—						—						—						—
Effects of changes in foreign exchange rates						(3)						(3)						(6)						3						(3)
Included in the Consolidated Statement of Cash Flows
Benefits paid						(20)						(8)						(28)						26						(2)
Contributions by the Group						—						—						—						(17)						(17)
Contributions by the plan participants						2						1						3						(3)						—
Reclassification as liabilities of disposal group classified as held for sale						(3)						(1)						(4)						—						(4)
At June 30, 2023						718						150						868						(475)						393

Schedule of Net Defined Benefit Obligations by Country

						At June 30, 2023																		At December 31, 2022
(in millions of Euros)						Defined benefit obligations						Plan assets						Net defined benefit liability						Defined benefit obligations						Plan assets						Net defined benefit liability
France						122						(6)						116						117						(6)						111
Germany						94						(1)						93						100						(1)						99
Switzerland						260						(245)						15						249						(236)						13
United States						392						(223)						169						398						(218)						180
Total						868						(475)						393						864						(461)						403

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- Definition

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

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Disclosure of defined benefit plans recognized in Consolidated Statements of Financial Position.

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The disclosure of geographical distribution of defined benefit obligations.

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- Definition

The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 19
-IssueDate 2022-03-24
-Paragraph 140
-Subparagraph a
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- Definition

The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 19
-IssueDate 2022-03-24
-Paragraph 145
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