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PENSIONS AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure of employee benefits [Abstract]

Schedule of Sensitivity Analysis and Actuarial Assumptions

						At June 30, 2024						At December 31, 2023
						Discount rate						Discount rate
Switzerland						1.45%						1.40%
U.S.
Hourly pension						5.30% - 5.35%						4.85% - 4.90%
Salaried pension						5.35%						4.85%
OPEB						5.30% - 5.40%						4.85% - 4.90%
Other benefits						5.25% - 5.30%						4.75% - 4.85%
France
Retirements						3.65%						3.30%
Other benefits						3.60%						3.25%
Germany						3.65%						3.30%

Schedule of Amounts Recognized in the Consolidated Statement of Financial Position

						At June 30, 2024																		At December 31, 2023
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Present value of funded obligation						629						—						629						653						—						653
Fair value of plan assets						(492)						—						(492)						(488)						—						(488)
Deficit of funded plans						137						—						137						165						—						165
Present value of unfunded obligation						104						139						243						103						143						246
Net liability / (asset) arising from defined benefit obligation						241						139						380						268						143						411

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

						Three months ended June 30,
						2024																		2023
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(4)						(1)						(5)						(3)						(2)						(5)
Net interest						(3)						(2)						(5)						(3)						(1)						(4)
Immediate recognition of gains arising over the year						—						1						1						—						—						—
Administration expenses						—						—						—						—						—						—
Total						(7)						(2)						(9)						(6)						(3)						(9)

						Six months ended June 30,
						2024																		2023
(in millions of Euros)						Pension Benefits						Other Benefits						Total						Pension Benefits						Other Benefits						Total
Service cost
Current service cost						(8)						(2)						(10)						(7)						(3)						(10)
Net interest						(4)						(4)						(8)						(5)						(3)						(8)
Immediate recognition of gains arising over the year						—						1						1						—						—						—
Administration expenses						(1)						—						(1)						(1)						—						(1)
Total						(13)						(5)						(18)						(13)						(6)						(19)

Schedule of Movement in Net Defined Benefit Obligations

						Six months ended June 30, 2024
						Defined benefit obligations																		Plan Assets						Net defined benefit liability
(in millions of Euros)						Pension benefits						Other benefits						Total
At January 1, 2024						756						143						899						(488)						411
Included in the Consolidated Income Statement
Current service cost						8						2						10						—						10
Interest cost / (income)						11						4						15						(7)						8
Immediate recognition of losses arising over the year						—						(1)						(1)						—						(1)
Administration expenses						—						—						—						1						1
Included in the Statement of Comprehensive Income
Remeasurements due to:
—actual return less interest on plan assets						—						—						—						(9)						(9)
—changes in financial assumptions						(21)						(5)						(26)						—						(26)
—changes in demographic assumptions						—						—						—						—						—
—experience losses						1						1						2						—						2
Effects of changes in foreign exchange rates						(2)						3						1						3						4
Included in the Consolidated Statement of Cash Flows
Benefits paid						(22)						(8)						(30)						19						(11)
Contributions by the Group						—						—						—						(9)						(9)
Contributions by the plan participants						2						—						2						(2)						—
At June 30, 2024						733						139						872						(492)						380

Schedule of Net Defined Benefit Obligations by Country

						At June 30, 2024																		At December 31, 2023
(in millions of Euros)						Defined benefit obligations						Plan assets						Net defined benefit liability						Defined benefit obligations						Plan assets						Net defined benefit liability
France						126						(6)						120						127						(6)						121
Germany						97						(1)						96						103						(1)						102
Switzerland						277						(267)						10						290						(265)						25
United States						372						(218)						154						379						(216)						163
Total						872						(492)						380						899						(488)						411

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- Definition

Disclosure Of Defined Benefit Plans Expense Recognised In Income Statement Explanatory

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No definition available.

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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 2023-01-01
-Paragraph 140
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_140_a&doctype=Standard
-URIDate 2023-03-23

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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 2023-01-01
-Paragraph 145
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_145&doctype=Standard
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