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CURRENCY GAINS / (LOSSES) (Tables)

12 Months Ended

Dec. 31, 2023

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						2023						2022						2021
Included in Revenue						22						(6)						(8)						(4)
Included in Cost of sales												(1)						2						1
Included in Other gains and losses - net												2						5						16
Total												(5)						(1)						13

Realized exchange gains / (losses) on foreign currency derivatives - net						22						10						(8)						(1)

Unrealized (losses) / gains on foreign currency derivatives - net						22						(12)						6						13
Exchange (losses) / gains from the remeasurement of monetary assets and liabilities - net												(3)						1						1
Total												(5)						(1)						13

Schedule of Foreign Currency Translation Reserve


						At December 31,
(in millions of Euros)						2023						2022
Foreign currency translation reserve at January 1,						41						19
Effect of currency translation differences						(25)						22
Foreign currency translation reserve at December 31,						16						41