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MATERIAL ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Significant Accounting Policies [Abstract]  
Disclosure of foreign currency exchange rates used to translate other currencies into Euro
The principal foreign currency exchange rates used to translate other currencies into Euro were as follows:
202320222021
AverageAt December 31,AverageAt December 31,AverageAt December 31,
U.S. Dollar1.0814 1.1050 1.0530 1.0666 1.1827 1.1326 
Pound Sterling0.8699 0.8691 0.8528 0.8869 0.8596 0.8403 
Swiss Franc0.9717 0.9260 1.0047 0.9847 1.0811 1.0331 
Japanese Yen151.8540 156.3300 138.0274 140.6600 129.8767 130.3800 
Chinese Yuan7.6568 7.8509 7.0788 7.3582 7.6282 7.1947 
Australian Dollar1.6283 1.6263 1.5167 1.5693 1.5749 1.5615 
Singapore Dollar1.4521 1.4591 1.4512 1.4300 1.5891 1.5279 
Canadian Dollar1.4595 1.4642 1.3695 1.4440 1.4826 1.4393 
Hong Kong Dollar8.4663 8.6314 8.2451 8.3163 9.1932 8.8333 
Disclosure of straight line depreciation rates
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
Depreciation rates
Industrial buildings
3% - 20%
Plant, machinery and equipment
5% - 22%
Other assets
12% - 25%
Disclosure of financial asset impairment stages and measurement periods
StageDescriptionTime period for measurement of ECL
Stage 1A financial instrument that is not credit-impaired on initial recognition12-month ECL
Stage 2A financial instrument with a significant increase in credit risk since initial
recognition		Lifetime ECL
Stage 3A financial instrument that is credit-impaired or has defaultedLifetime ECL