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Other Long-Term Liabilities
12 Months Ended
Dec. 31, 2024
Other Liabilities, Noncurrent [Abstract]  
Other Long-Term Liabilities OTHER LONG-TERM LIABILITIES
Other long-term liabilities are detailed below:
December 31,
2024
December 31,
2023
Non-current operating lease liabilities160 188 
Contingent consideration on business combinations15 20 
Other employee benefits99 92 
Liabilities related to public funding172 196 
Advances received on capital grants
385 152 
Advances from customers12 25 
Derivative instruments— 
Others58 62 
Total904 735 
Lease liabilities are described in Note 11.
Other long-term employee benefits are described in Note 16.
Liabilities related to public funding are described in Note 7.
Advances received on capital grants relate to Sanan ST JV, the joint venture the Company and Sanan Optoelectronics created in 2023 for high-volume 200mm SiC device manufacturing activities in China, as described in Note 12. This entity is a party to a regional public funding program, primarily consisting in capital grants received on eligible capital expenditures (infrastructures and equipment). Public funding is further described in Note 7.
Derivative instruments are described in Note 26.