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INCOME TAXES - Schedule of Income Tax Rate Reconciliation (Details) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income taxes [Abstract]      
Applicable tax rate (percent) 24.00% 24.00% 24.00%
Profit before taxes € 1,602,354 € 1,177,766 € 1,042,231
Theoretical income tax expense 384,565 282,664 250,136
Permanent and other differences (95,836) (85,736) (79,267)
Italian Regional Income Tax (IRAP) 48,912 39,446 32,422
Effect of changes in tax rates and tax regulations 961 553 633
Differences between foreign tax rates and the theoretical Italian tax rate and tax holidays 2,156 1,945 2,077
Taxes relating to prior years 2,276 (1,274) 2,556
Withholding tax on earnings 1,863 875 539
Total income tax expense € 344,897 € 238,472 € 209,095
Effective tax rate 21.50% 20.20% 20.10%