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DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2019
Income Taxes [Abstract]  
Schedule or Net Deferred Income Tax Assets
(in millions of Euros)
 
At December 31, 2019
 
At December 31, 2018
Deferred income tax assets
 
185

 
163

Deferred income tax liabilities
 
(24
)
 
(22
)
Net deferred income tax assets
 
161

 
141
Schedule of Significant Changes in Net Deferred Income Tax Assets / (Liabilities)
(in millions of Euros)
 
At December 31, 2019
 
At December 31, 2018
Deferred income tax assets
 
185

 
163

Deferred income tax liabilities
 
(24
)
 
(22
)
Net deferred income tax assets
 
161

 
141


The following tables show the changes in net deferred income tax assets / (liabilities) for the years ended December 31, 2019 and 2018.
(in millions of Euros)
 
At January 1, 2019
 
Acquisitions
 
Recognized in
 
FX and reclassifications
 
At December 31, 2019
 
 
 
 
 
 
Profit or loss
 
OCI
 
 
 
 
Long-term assets
 
(94
)
 
1

 
(3
)
 
—

 
(3
)
 
(99
)
Inventories
 
5

 
—

 
2

 
—

 
1

 
8

Pensions
 
116

 
—

 
(4
)
 
13

 
2

 
127

Derivative valuation
 
12

 
—

 
(8
)
 
2

 
—

 
6

Tax losses carried forward (A)
 
61

 
—

 
27

 
—

 
(13
)
 
75

Other (B)
 
41

 
2

 
—

 
—

 
1

 
44

Total
 
141

 
3

 
14

 
15

 
(12
)
 
161

(A)
The reclassifications resulted primarily from the adoption of IFRIC 23.
(B)
Other results mainly from non-deductible provisions and interest.
(in millions of Euros)
 
At January 1, 2018
 
Recognized in
 
FX
 
At December 31, 2018
 
 
 
 
Profit or loss
 
OCI
 
 
 
 
Long-term assets
 
(76
)
 
(15
)
 
—

 
(3
)
 
(94
)
Inventories
 
4

 
1

 
—

 
—

 
5

Pensions
 
130

 
(12
)
 
(7
)
 
5

 
116

Derivative valuation
 
(20
)
 
22

 
8

 
2

 
12

Tax losses carried forward
 
78

 
(13
)
 
—

 
(4
)
 
61

Other (A)
 
23

 
15

 
—

 
3

 
41

Total
 
139

 
(2
)
 
1

 
3

 
141

(A)
Other results mainly from non-deductible provisions and interest.
Schedule of Unrecognized Deferred Tax Assets
The related tax impact of €259 million (€321 million at December 31, 2018) is attributable to the following:
(in millions of Euros)
 
At December 31, 2019
 
At December 31, 2018
Expiring within 5 years
 
(2
)
 
(45
)
Expiring after 5 years and limited
 
(62
)
 
(89
)
Unlimited
 
(20
)
 
(19
)
Tax losses
 
(84
)
 
(153
)
Long-term assets
 
(104
)
 
(107
)
Pensions
 
(20
)
 
(18
)
Other
 
(51
)
 
(43
)
Deductible temporary differences
 
(175
)
 
(168
)
Total
 
(259
)
 
(321
)