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TRADE PAYABLES AND OTHER

12 Months Ended

Dec. 31, 2023

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.