v3.25.3
Non-Current Provisions And Other Non-Current Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Subclassifications of assets, liabilities and equities [abstract]  
Summary of Non-current provisions and other non-current liabilities
The line item
Non-current
provisions and other
non-current
liabilities
comprises the following:
 
 (
€
million)
   
June 30, 2025
     
December 31, 2024
  
 Provisions
   
 
5,003
 
   
 
5,762
 
 Other
non-current
liabilities
 (a)
   
 
2,113
 
   
 
2,334
 
 Total
   
 
7,116
 
   
 
8,096
 
 
(a)
Includes €1,756 million at June 30, 2025 relating to the liability for royalties payable to Sobi on net sales of Beyfortus in the United States ( see Note C.2. to the consolidated financial statements for the year ended December 31, 2024) . Given the method used to calculate royalties payable, an increase or decrease in sales forecasts would lead to a proportionate change in the amount of the liability. The nominal value of payments estimated to be due within more than one year but less than five years is €1,027 million; the nominal value of payments estimated to be due after more than five years is €2,293 million.
Summary of Movements in Non-Current Provisions
The table below shows movements in provisions:
 
(
€
million)
   
Provisions for
pensions & other
post-employment

benefits
    
Provisions for
other long-term

benefits
    
Restructuring
provisions
    
Other
provisions
    
Total
  
Balance at January 1, 2025
   
 
1,992
 
  
 
821
 
  
 
799
 
  
 
2,150
 
  
 
5,762
 
           
Increases in provisions and other liabilities
   
 
69
  (a)
 
  
 
78
 
  
 
175
 
  
 
293
 
  
 
615
 
Provisions utilized
   
 
(167
)
 (a)
 
  
 
(61
) 
  
 
(10
) 
  
 
(378
) 
  
 
(616
) 
Reversals of unutilized provisions
   
 
(17
)
 (a)
 
  
 
—
 
  
 
(2
) 
  
 
(178
) 
  
 
(197
) 
Transfers
(b)
   
 
(4
) 
  
 
—
 
  
 
(158
) 
  
 
(93
) 
  
 
(255
) 
Net interest related to employee benefits, and unwinding of discount
   
 
37
 
  
 
1
 
  
 
2
 
  
 
20
 
  
 
60
 
Currency translation differences
   
 
(94
) 
  
 
(74
) 
  
 
(4
) 
  
 
(83
) 
  
 
(255
) 
Actuarial gains and losses on defined-benefit plans (B.12.1.)
   
 
(111
) 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
(111
) 
Balance at June 30, 2025
   
 
1,705
 
  
 
765
 
  
 
802
 
  
 
1,731
 
  
 
5,003
 
 
(a)
In the case of “Provisions for pensions and other post-employment benefits”, the “Increases in provisions” line corresponds to rights vesting in employees during the period, and past service cost; the “Provisions utilized” line corresponds to contributions paid into pension funds and to beneficiaries; and the “Reversals of unutilized provisions” line corresponds to plan curtailments, settlements and amendments.
(b)
Mainly transfers to
Current provisions and other current liabilities
.
Disclosure of Remeasurement of Net Defined Benefit Liability Asset
Actuarial gains and losses arising on pensions and other post-employment benefits and recognized in equity are as follows (amounts reported before tax):
 
(
€
million)
   
June 30, 2025
 
(c)
(6 months)  
    
June 30, 2024
 
(c)
(6 months)  
  
     
Actuarial gains/(losses) on plan assets
   
 
(45
) 
  
 
(138
) 
Actuarial gains/(losses) on benefit obligations
   
 
152
 (a)
 
  
 
373
 (b)
 
 
(a)
Includes the effects of (i) the change in discount rates (in a range between 0.00% and +0.30%) and (ii) the
-0.30%
change in the inflation rate in the United Kingdom in the first half of 2025.
(b)
Includes the effects of (i) the change in discount rates (in a range between +0.40% and +0.65%) and (ii) the +0.10% change in the inflation rate in the United Kingdom in the first half of 2024.
(c)
Includes actuarial gains/ (losses) related to Opella of €(4) million for the first half of 2025 and €(6) million for the first half of 2024 .