OTHER GAINS AND LOSSES - NET (Tables)


		Three months ended June 30,		Six months ended June 30,
(in millions of U.S. dollars)	Notes	2026	2025	2026	2025
Operating income and expenses
Realized gains / (losses) on derivatives (A)		66	(25)	104	(19)
Unrealized (losses) / gains on derivatives at fair value through profit and loss - net (A)	12	(102)	33	(60)	21
Unrealized exchange gains / (losses) from the remeasurement of monetary assets and liabilities – net		—	1	1	—
Impairment of assets		1	—	(3)	—
Restructuring costs		(2)	(1)	(5)	(2)
Losses on disposal		(1)	(1)	(1)	(1)
Result from the flood in Valais	3	—	(2)	—	2
Non-operating income and expenses
Expenses on factoring arrangements	8	(5)	(6)	(9)	(11)
Pension and other post-employment benefits	13	4	4	7	7
Other		—	1	—	2
Total other gains and losses - net		(39)	4	34	(1)

(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.