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OTHER GAINS AND LOSSES - NET (Tables)
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Schedule of other gains and losses
Three months ended March 31,
(in millions of U.S. dollar)Notes20252024
Operating income and expenses
Realized gains / (losses) on derivatives (A)6(11)
Unrealized losses on derivatives at fair value through profit and loss - net (A)12(12)(4)
Unrealized exchange (losses) / gains from the remeasurement of monetary assets and liabilities – net (1)2
Impairment of assets (B)—(3)
Restructuring costs (1)—
Losses on disposal —(1)
Result from the flood in Valais 34—
Non-operating income and expenses
Expenses on factoring arrangements 8(5)(5)
Pension and other post-employment benefits 1333
Other11
Total other gains and losses - net (5)(18)
(A)Realized and unrealized gains and losses are related to derivatives entered into with the purpose of mitigating exposure to volatility in foreign currencies and commodity prices and that do not qualify for hedge accounting.
(B)For the three months ended March 31, 2024, impairment related to property, plant and equipment in our Valais operations.