XML 28 R19.htm IDEA: XBRL DOCUMENT

TRADE PAYABLES AND OTHER

6 Months Ended

Jun. 30, 2024

NOTE 14 - TRADE PAYABLES AND OTHER


	At June 30, 2024		At December 31, 2023
(in millions of Euros)	Non-current	Current	Non-current	Current
Trade payables	—	1,099	—	931
Fixed assets payables	—	41	—	35
Employees' entitlements	—	195	—	211
Taxes payable other than income tax	—	32	—	15
Contract liabilities and other liabilities to customers	31	54	29	62
Other payables	37	10	30	9
Total other	68	332	59	332
Total trade payables and other	68	1,431	59	1,263

Contract liabilities and other liabilities to customers


	At June 30, 2024		At December 31, 2023
(in millions of Euros)	Non-current	Current	Non-current	Current
Deferred tooling revenue	30	—	28	—
Advance payment from customers	—	12	—	7
Unrecognized variable consideration (A)	1	42	1	55

Total contract liabilities and other liabilities to customers	31	54	29	62

(A)Unrecognized variable consideration consists of expected volume rebates, discounts, incentives, refunds penalties and price concessions.

Revenue of €24 million that related to contract liabilities at January 1, 2024 was recognized in the six months ended June 30, 2024. There was €15 million of deferred revenue generated in the six months ended June 30, 2024.

Revenue of €11 million that related to contract liabilities at January 1, 2023 was recognized in the six months ended June 30, 2023. There was €27 million of deferred revenue generated in the six months ended June 30, 2023.