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Post-Employment and Other Long-Term Employees Benefits (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Changes in Benefit Obligation and Plan Assets
The changes in benefit obligation and plan assets were as follows:
Pension BenefitsOther Long-Term Benefits
December 31,
2024		December 31,
2023		December 31,
2024		December 31,
2023
Change in benefit obligation:
Benefit obligation at beginning of year1,008 886 99 86 
Service cost32 28 23 17 
Interest cost36 35 3 3 
Employee contributions6 5 — — 
Plan amendments3 (1)— — 
Benefits paid(39)(18)(12)(9)
Effect of settlement(11)(1)— — 
Actuarial (gain) loss(5)39 1 (2)
Foreign currency translation(38)35 (5)4 
Benefit obligation at end of year992 1,008 109 99 
Change in plan assets:
Plan assets at fair value at beginning of year654 567 — — 
Actual return on plan assets18 38 — — 
Employer contributions25 26 — — 
Employee contributions6 5 — — 
Benefits paid(25)(4)— — 
Effect of settlement(11)(1)— — 
Foreign currency translation(21)23 — — 
Plan assets at fair value at end of year646 654 — — 
Funded status(346)(354)(109)(99)
Amounts recorded in the consolidated balance sheets
Other investments and other non-current assets22 15 — — 
Other payables and accrued liabilities (15)(15)(10)(7)
Other non-current liabilities— — (99)(92)
Post-employment benefit obligations(353)(354)— — 
Net amount recorded(346)(354)(109)(99)
Accumulated Other Comprehensive Income (Loss) Before Tax Effects
The components of accumulated other comprehensive loss (income) before tax effects were as follows:
Actuarial
(gains)/losses		Prior service
cost		Total
Accumulated other comprehensive loss as of
   December 31, 2022		49 1 50 
Net amount generated/arising in current year25 (1)24 
Amortization(6)(1)(7)
Foreign currency translation adjustment1 — 1 
Accumulated other comprehensive loss as of
   December 31, 2023		69 (1)68 
Net amount generated/arising in current year7 3 10 
Amortization(8)— (8)
Foreign currency translation adjustment(1)— (1)
Accumulated other comprehensive loss as of
   December 31, 2024		67 2 69 
Schedule of Accumulated Benefit Obligations
The accumulated benefit obligations were as follows:
Pension BenefitsOther Long-Term Benefits
December 31,
2024		December 31,
2023		December 31,
2024		December 31,
2023
Accumulated benefit obligations8808084535
Components of Net Periodic Benefit Cost
The components of the net periodic benefit cost included the following:
Pension BenefitsOther Long-term Benefits
Year ended
December 31,
2024		Year ended
December 31,
2023		Year ended
December 31,
2022		Year ended
December 31,
2024		Year ended
December 31,
2023		Year ended
December 31,
2022
Service cost32 28 33 23 17 17 
Interest cost36 35 27 3 3 1 
Expected return on plan assets(29)(24)(23)— — — 
Amortization of actuarial net loss (gain)8 6 6 1 (2)(14)
Amortization of prior service cost— 1 1 — — — 
Effect of settlement— 1 — — — — 
Net periodic benefit cost47 47 44 27 18 4 
Weighted Average Assumptions Used in Determination of Benefit Obligation and Plan Assets
The weighted average assumptions used to determine the benefit obligation and the periodic benefit costs for pension plans and other long-term benefits were as follows:
202420232022
Benefit obligation
Discount rate3.86 %3.73 %4.18 %
Salary increase rate2.40 %2.17 %2.31 %
Net periodic benefit cost
Discount rate3.73 %4.18 %1.84 %
Salary increase rate2.17 %2.31 %2.27 %
Expected long-term rates of return on plan assets3.01 %2.66 %3.19 %
Pension Plan Asset Allocation
The Company’s pension plan asset allocation as of December 31, 2024 and December 31, 2023 is as follows:
Percentage of Plan Assets
at December
Asset Category20242023
Cash and cash equivalents1 %1 %
Equity securities14 %13 %
Government debt securities10 %11 %
Corporate debt securities14 %19 %
Investments in funds(a)
16 %15 %
Real estate1 %1 %
Other (mainly insurance assets – contracts and
   reserves)		44 %40 %
Total100 %100 %

(a)     As of December 31, 2024, investments in funds were composed of commingled and multi-strategy funds invested in diversified portfolios of fixed income (69%) - mainly corporate bonds, time deposits and money market (15%), equities (14%) and other instruments (2%). As of December 31, 2023, investments in funds were composed of commingled and multi-strategy funds invested in diversified portfolios of fixed income (68%) - mainly corporate bonds, equities (24%), time deposits and money market (5%) and other instruments (3%).
Pension Plan Asset Allocation Including Fair-Value Measurements
The Company’s detailed pension plan asset allocation including the fair-value measurements of those plan assets as of December 31, 2024 is as follows:
TotalQuoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents7 7 — — 
Equity securities91 1 90 — 
Government debt securities63 — 63 — 
Corporate debt securities94 — 77 17 
Investment funds106 16 90 — 
Real estate10 — 10 — 
Other (mainly insurance assets –
   contracts and reserves)		275 — 60 215 
TOTAL646 24 390 232 
The Company’s detailed pension plan asset allocation including the fair-value measurements of those plan assets as of December 31, 2023 is as follows:

TotalQuoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents7 7 — — 
Equity securities87 1 86 — 
Government debt securities69 — 69 — 
Corporate debt securities123 — 101 22 
Investment funds100 14 86 — 
Real estate9 — 9 — 
Other (mainly insurance assets –
   contracts and reserves)		259 — 48 211 
TOTAL654 22 399 233 
Reconciliation for Plan Assets Measured at Fair Value Using Unobservable Inputs (Level 3)
For plan assets measured at fair value using significant unobservable inputs (Level 3), the reconciliation between January 1, 2024 and December 31, 2024 is presented as follows:
Fair Value
Measurements
using
Significant
Unobservable
Inputs
(Level 3)
January 1, 2024233 
Contributions (employer and employee)25 
Actual return on plan assets (b)
15 
Net benefit payments (a)
(13)
Settlements (b)
(11)
Foreign currency translation adjustment (c)
(17)
December 31, 2024232 


(a)    Net cash flows between benefits paid from the insurance contracts and benefits transferred into the insurance contracts by employees.
(b)    Included in non operating expenses in the consolidated statement of income.
(c)    Unrealized losses included in the consolidated statement of comprehensive income.
For plan assets measured at fair value using significant unobservable inputs (Level 3), the reconciliation between January 1, 2023 and December 31, 2023 is presented as follows:
Fair Value
Measurements
using
Significant
Unobservable
Inputs
(Level 3)
January 1, 2023178 
Contributions (employer and employee)21 
Actual return on plan assets (b)
4 
Net benefit payments (a)
14 
Settlements (b)
(1)
Foreign currency translation adjustment (c)
17 
December 31, 2023233 


(a)    Net cash flows between benefits paid from the insurance contracts and benefits transferred into the insurance contracts by employees.
(b)    Included in non operating expenses in the consolidated statement of income.
(c)    Unrealized gains included in the consolidated statement of comprehensive income.
Estimated Future Benefit Payments
The Company’s estimated future benefit payments as of December 31, 2024 are as follows:
YearsPension
Benefits		Other
Long-term
Benefits
20256910
20266310
20275510
20285910
20296612
From 2030 to 203438047