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TRADE PAYABLES AND OTHER | 12 Months Ended
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Dec. 31, 2023
Trade and other payables [abstract] |
TRADE PAYABLES AND OTHER | NOTE 19 - TRADE PAYABLES AND OTHER
|  | At December 31,
|  | 2023 |  | 2022
(in millions of Euros) |  | Non-current |  | Current |  | Non-current |  | Current
Trade payables |  | — |  | 931 |  | — |  | 1,155
Fixed assets payables |  | — |  | 35 |  | — |  | 36
Employees' entitlements |  | — |  | 211 |  | — |  | 195
Taxes payable other than income tax |  | — |  | 15 |  | — |  | 17
Contract liabilities and other liabilities to customers |  | 29 |  | 62 |  | 20 |  | 55
Other payables |  | 30 |  | 9 |  | 23 |  | 9
Total other |  | 59 |  | 332 |  | 43 |  | 312
Total trade payables and other |  | 59 |  | 1,263 |  | 43 |  | 1,467
Contract liabilities and other liabilities to customers
|  | At December 31,
|  | 2023 |  | 2022
(in millions of Euros) |  | Non-current |  | Current |  | Non-current |  | Current
Deferred tooling revenue |  | 28 |  | — |  | 19 |  | —
Advance payment from customers |  | — |  | 7 |  | — |  | 6
Unrecognized variable consideration (A) |  | 1 |  | 55 |  | 1 |  | 49
Total contract liabilities and other liabilities to customers |  | 29 |  | 62 |  | 20 |  | 55
(A)Unrecognized variable consideration consists of expected volume rebates, discounts, incentives, refunds penalties and price concessions. Revenue of €31 million that related to contract liabilities at January 1, 2023 was recognized in the year ended December 31, 2023. There was €51 million of deferred revenue generated in the year ended December 31, 2023. Revenue of €58 million that related to contract liabilities at January 1, 2022 was recognized in the year ended December 31, 2022. There was €60 million of deferred revenue generated in the year ended December 31, 2022.

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- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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- References No definition available. + Details
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