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   "value": "<div class=\"ps2034 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.1. Corporate information<span id=\"i3852e69826704d52a0c00ab33d0bd402\"></span></span><span class=\"f charStyle-a745408e ps12468\"> </span></div><div class=\"ps2035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.77pt\">STMicroelectronics </span><span class=\"f charStyle-58d8bcbe ps2925\" style=\"width:18.51pt\">N.V.</span><span class=\"f charStyle-58d8bcbe ps12469\" style=\"width:361.64pt\"> (\u201cthe Company\u201d), with Commercial Register No.\u00a033194537 and RSIN 008751171,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2036 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">is organized under the laws of the Netherlands with its corporate legal seat in Amsterdam, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2037 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.9pt\">Netherlands</span><span class=\"f charStyle-58d8bcbe ps6627\" style=\"width:96.62pt\">, and head offices at </span><span class=\"f charStyle-58d8bcbe ps12470\" style=\"width:317.4pt\">WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol, the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.9pt\">Netherlands</span><span class=\"f charStyle-58d8bcbe ps6627\" style=\"width:414.03pt\">. Headquarters and operational offices are managed through STMicroelectronics International</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2040 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">N.V., a wholly owned subsidiary of STMicroelectronics N.V., and are located at 39, Chemin du Champ des</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps8431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:131.07pt\">Filles, 1228 Plan-les-Ouates, </span><span class=\"f charStyle-58d8bcbe ps12471\" style=\"width:35.01pt\">Geneva</span><span class=\"f charStyle-58d8bcbe ps12472\" style=\"width:59.97pt\">, Switzerland.</span><span class=\"f charStyle-58d8bcbe ps12473\" style=\"width:2.77pt\"> </span></div><div class=\"ps2044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group is a global semiconductor group of companies that designs, develops, manufactures and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2046 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">markets a broad range of products, including discrete and general purpose components, ASICs, full-</span></div><div class=\"ps8175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">custom devices and semi-custom devices and ASSPs for analog, digital and mixed-signal applications. In</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps4226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">addition, the Group participates in the manufacturing value chain of smartcard products, which includes</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:268.31pt\">the production and sale of both silicon chips and smartcards.</span><span class=\"f charStyle-58d8bcbe ps12474\" style=\"width:2.77pt\"> </span></div><div class=\"ps2056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group\u2019s products are used in a wide variety of applications for the four end-markets the Group</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">addresses: automotive, industrial, personal electronics and communications equipment, computers and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">peripherals. For the automotive and industrial markets, the Group addresses a wide customer base,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2062 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">particularly in industrial, with a broad and deep product portfolio. In personal electronics and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">communications equipment, computers and peripherals, the Group has a selective approach both in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1773 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:415.26pt\">terms of the customers the Group serves, as well as in the technologies and products it offers.</span></div><div class=\"ps4232 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Company is a publicly traded company, listed on the New York Stock Exchange, on Euronext Paris<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.87pt\">and on the Borsa Italiana.</span><span class=\"f charStyle-58d8bcbe ps6727\" style=\"width:2.77pt\"> </span></div><div class=\"ps1778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">These consolidated financial statements have been approved by the Supervisory Board on March\u00a025,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:144.96pt\">2026 for submission to the AGM.</span><span class=\"f charStyle-58d8bcbe ps12475\" style=\"width:2.77pt\"> </span></div><div class=\"ps2072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.2. Basis of preparation <span id=\"i5d7202469cf74f07bf0765aefd0fb33d\"></span></span></div><div class=\"ps3404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The consolidated financial statements have been prepared on a historical cost basis, except for derivative</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps4479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">financial instruments, debt and equity financial assets that have been measured at fair value. The</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps11264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">consolidated financial statements are presented in dollars of the United States of America and all values</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps11265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">are rounded to the nearest million ($ million) except when otherwise stated. Under Article 35 of the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Company\u2019s Articles of Association, the financial year extends from January\u00a01 to December\u00a031, which is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:149.99pt\">the period-end of each fiscal year.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-390": {
   "value": "<span class=\"f charStyle-a745408e ps1821\">7.6.1. Corporate information<span id=\"i3852e69826704d52a0c00ab33d0bd402\"></span></span><div class=\"ps1778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">These consolidated financial statements have been approved by the Supervisory Board on March\u00a025,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:144.96pt\">2026 for submission to the AGM.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-391": {
   "value": "STMicroelectronics N.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-392": {
   "value": "N.V.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-393": {
   "value": "Netherlands",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-394": {
   "value": "Netherlands",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-395": {
   "value": "WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol, the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-396": {
   "value": "Geneva",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-397": {
   "value": "The Group is a global semiconductor group of companies that designs, develops, manufactures and markets a broad range of products, including discrete and general purpose components, ASICs, full-custom devices and semi-custom devices and ASSPs for analog, digital and mixed-signal applications. In addition, the Group participates in the manufacturing value chain of smartcard products, which includes the production and sale of both silicon chips and smartcards.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-398": {
   "value": "<div class=\"ps2072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.2. Basis of preparation <span id=\"i5d7202469cf74f07bf0765aefd0fb33d\"></span></span></div><div class=\"ps3404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The consolidated financial statements have been prepared on a historical cost basis, except for derivative</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps4479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">financial instruments, debt and equity financial assets that have been measured at fair value. The</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps11264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">consolidated financial statements are presented in dollars of the United States of America and all values</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps11265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">are rounded to the nearest million ($ million) except when otherwise stated. Under Article 35 of the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Company\u2019s Articles of Association, the financial year extends from January\u00a01 to December\u00a031, which is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:149.99pt\">the period-end of each fiscal year.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-399": {
   "value": "<div class=\"ps11236 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.3. Statement of compliance <span id=\"i8044cb8feba048ecbc3858a0cffffe1c\"></span></span></div><div class=\"ps2081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">These consolidated financial statements are prepared for Dutch statutory purposes in accordance with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2082 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">IFRS as adopted by the EU. These consolidated financial statements also comply with article 362.9 of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2084 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Book 2 of the Dutch Civil Code. For internal and external financial reporting purposes, the Group uses</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">generally accepted accounting principles in the United States (\u201cU.S.\u00a0GAAP\u201d) as its primary set of reporting</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.67pt\">standards.</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-403": {
   "value": "<div class=\"ps2101 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.4. Basis of consolidation <span id=\"i6ece25eaf26647719d0afda4f8187cd3\"></span></span></div><div class=\"ps11203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The consolidated financial statements comprise the financial statements of the Group for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12478\" style=\"width:2.77pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">control and continues to be consolidated until the date that such control ceases. Subsidiaries are all</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">entities over which the Group has control. The Group controls an entity when the Group is exposed to, or</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps11206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">has rights to, variable returns from its involvement with the entity and has the ability to affect those returns</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:434.45pt\">through its power to direct the activities of the entity. If the Group loses control over a subsidiary, it:</span><span class=\"f charStyle-58d8bcbe ps12481\" style=\"width:2.77pt\"> </span></div><div class=\"ps4499 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the assets (including goodwill) and liabilities of the subsidiary;<span class=\"f ps26\"> </span></span></div><div class=\"ps2138 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the amount of any noncontrolling interest; </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the cumulative translation differences recorded in equity; </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of the consideration received; </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of any investment retained; </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">recognizes any surplus or deficit in profit or loss; and</span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">reclassifies the parent\u2019s share of components previously recognized in other comprehensive <span class=\"f ps26\"> </span></span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">income to profit or loss. </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The financial statements of the subsidiaries are prepared for the same reporting period as the parent</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">company, using consistent accounting policies. All intra-group assets and liabilities, equity, income,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:452.18pt\">expenses and cash flows resulting from intra-group transactions are eliminated in full on consolidation.</span><span class=\"f charStyle-58d8bcbe ps12482\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Noncontrolling interest is the share of equity in a subsidiary not attributable, directly or indirectly, to the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">parent company. Noncontrolling interest is presented separately in the consolidated income statement,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">consolidated statement of comprehensive income, consolidated statement of financial position and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.02pt\">consolidated statement of changes in equity respectively.</span><span class=\"f charStyle-58d8bcbe ps12483\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Changes in a parent\u2019s ownership interest in a subsidiary that do not result in a loss of control are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:162.76pt\">accounted for as equity transactions.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12484\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">In assessing control, the Group takes into consideration the design and purpose of the activities of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">investee, the power it exercises over the investee, through voting or other contractual rights, together with</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:430.3pt\">its exposure and rights to variable returns and how its power over the investee affect the amounts</span><span class=\"f charStyle-58d8bcbe ps12485\" style=\"width:2.77pt\">.</span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.7. Summary of material accounting policies <span id=\"id66eabb77abb4fb1b2be6317b8c58a66\"></span></span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group applies the acquisition method to account for business combinations. The consideration</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">transferred in a business combination (including any deferred and contingent consideration) is measured</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.3pt\">at fair value. Acquisition-related costs are expensed as incurred.</span><span class=\"f charStyle-58d8bcbe ps12495\" style=\"width:2.77pt\"> </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Each identifiable asset and liability are, with limited exceptions as set forth in the purchase accounting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">method, measured initially at the acquisition-date fair value. Only components of noncontrolling interest</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that constitute a present ownership interest and entitle their holder to a proportionate share of the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">net assets in the event of liquidation are measured at either fair value or at the present ownership</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">interests\u2019 proportionate share of the acquiree\u2019s net identifiable assets. All other components of</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:313.85pt\">noncontrolling interest are measured at their acquisition date fair value.</span><span class=\"f charStyle-58d8bcbe ps12499\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:264.78pt\">Goodwill arises when there is a positive difference between:</span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the aggregate of consideration transferred, any noncontrolling interest in the acquiree and, in a </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">business combination achieved in stages, the acquisition-date fair value of the acquirer\u2019s </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">previously held equity interest in the acquiree; and <span class=\"f ps26\"> </span></span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the fair value of the net identifiable assets acquired.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Goodwill is initially recorded at cost. If the acquirer has made a gain from a bargain purchase, that gain is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.44pt\">recognized in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12500\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.2.\u00a0Foreign currency translation <span id=\"i14b86bc7f9ab4989bc6783992e53d249\"></span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The U.S. dollar is the functional currency for the Company and the presentation currency for the Group,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">which is the currency of the primary economic environment in which the Group operates. The worldwide<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">semiconductor industry uses the U.S. dollar as a currency of reference for actual pricing in the market.</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Furthermore, the majority of the Group\u2019s transactions are denominated in U.S. dollars, and revenues from</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">external sales in U.S. dollars largely exceed revenues in any other currency. However, certain significant</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:441.6pt\">costs are largely incurred in the countries of the Eurozone and other non-U.S. dollar currency areas.</span><span class=\"f charStyle-58d8bcbe ps12503\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The functional currency of each subsidiary throughout the Group is either the local currency or the U.S.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">dollar, determined on the basis of the economic environment in which each subsidiary operates. For</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consolidation purposes, assets and liabilities included in the statement of financial position of the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">subsidiaries having the local currency as functional currency are translated into the presentation currency</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">of the Group at current rates of exchange at the reporting date. Income and expense items and cash flow</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">items are translated at the monthly exchange rate in which they are recognized. The currency translation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">adjustments (\u201cCTA\u201d) generated by the conversion of the financial position and results of operations from</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">local functional currencies are reported as a component of other comprehensive income in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:454.8pt\">consolidated statement of comprehensive income and the consolidated statement of changes in equity.</span><span class=\"f charStyle-58d8bcbe ps12504\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">liabilities of the foreign entity and translated into the presentation currency of the Group at closing rate.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:341.5pt\">Exchange differences arising are recognized in other comprehensive income.</span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Assets, liabilities, revenues, expenses, gains or losses arising from transactions denominated in foreign</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">currency are recorded in the functional currency of the recording entity at the prevailing exchange rate. At</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">each reporting date, monetary assets and liabilities denominated in a currency other than the recording</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">entity\u2019s functional currency are re-measured into the functional currency at the exchange rate prevailing at</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the reporting date. The related exchange gains and losses are recorded in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.05pt\">statement as \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12505\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.3.\u00a0Revenue recognition <span id=\"i24492586d0cb4cb486737ad92ef245c0\"></span></span></div><div class=\"ps7521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Arrangements with customers are considered contracts if all the following criteria are met: (a) parties have</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">approved the contract and are committed to perform their respective obligations; (b) each party\u2019s rights</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">regarding the goods or services to be transferred can be identified; (c) payment terms for the goods or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">services to be transferred can be identified; (d) the contract has commercial substance and (e)</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">collectability of the consideration is probable. The Group recognizes revenue from products sold to a</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">customer, including distributors, when it satisfies a performance obligation by transferring control over a</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">product to the customer. The Group may also enter into several multi-annual capacity reservation and</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">volume commitment arrangements with certain customers. These agreements constitute a binding</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">commitment for the customers to purchase and for the Group to supply allocated commitment volumes in</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exchange for additional consideration. The consideration related to commitment fees is reported as</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:337.74pt\">revenues from sale of products as it is usually based on delivered quantities.</span><span class=\"f charStyle-58d8bcbe ps12506\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">In certain circumstances, the Group may enter into arrangements that concern principally revenues from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">services where the performance obligation is satisfied over time. The objective when allocating the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">transaction price is to allocate the transaction price to each performance obligation (or distinct good or</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">service) in an amount that depicts the amount of consideration to which the Group expects to be entitled</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">in exchange for transferring the promised goods or services to the customer. The payment terms typically</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">range between 30 to 90 days. Certain customers require the Group to hold inventory as consignment in</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">their hubs and only purchase inventory when they require it. Revenue for sales of such inventory is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">recognized when, at the customer\u2019s option, the products are withdrawn from the consignment and the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.37pt\">Group satisfies a performance obligation by transferring control over a product to the customer.</span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Consistent with standard business practice in the semiconductor industry, price protection is granted to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">distribution customers on their existing inventory of the Group\u2019s products to compensate them for</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">changes in market prices. The Group accrues a provision for price protection based on a rolling historical</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">price trend computed monthly as a percentage of gross distributor sales. This historical price trend</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">represents differences in recent months between the invoiced price and the final price to the distributor,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">adjusted to accommodate a significant change in the selling price. The short outstanding inventory time,</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">visibility into the inventory product pricing and long distributor pricing history have enabled the Group to</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">reliably estimate price protection provisions at period-end. The Group records the accrued amounts as a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:357.69pt\">deduction of \u201cSales\u201d in the consolidated income statement at the time of the sale.</span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The Group\u2019s customers occasionally return the Group\u2019s products for technical reasons. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">standard terms and conditions of sale provide that if the Group determines that products do not conform,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Group will repair or replace the non-conforming products, or issue a credit note or rebate of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">purchase price. Quality returns are identified shortly after sale in customer quality control testing. The</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Group records the accrued amounts as a deduction of \u201cSales\u201d in the consolidated income statement,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.2pt\">using contractual and historical information.</span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group records a provision for warranty costs as a charge in \u201cCost of sales\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">income statement, based on historical trends of warranty costs incurred as a percentage of sales, which</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">management has determined to be a reasonable estimate of the probable losses to be incurred for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">warranty claims in a period. Any potential warranty claims are subject to the Group\u2019s determination that</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">the Group is at fault for damages, and such claims usually must be submitted within a short period of time</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">following the date of sale. This warranty is given in lieu of all other warranties, conditions or terms</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expressed or implied by statute or common law. The Group\u2019s contractual terms and conditions typically</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:345.98pt\">limit its liability to the sales value of the products which gave rise to the claims.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s insurance policy relating to product liability covers third-party physical damages and bodily</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">injury, indirect financial damages as well as immaterial non-consequential damages caused by defective</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:41.11pt\">products.</span><span class=\"f charStyle-58d8bcbe ps12507\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">In addition to product sales, the Group enters into arrangements with customers consisting in transferring</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">licenses or related to license services. When the license is a right to use the Group\u2019s intellectual property</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">as it exists at the time the license is granted, the corresponding revenue is recognized at a point in time.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.59pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The revenue generated from these arrangements are reported on the line \u201cOther revenues\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12508\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.4.\u00a0Other significant categories of income <span id=\"id16e32211e6d47e4b91425d699986dc4\"></span></span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:39.37pt\">Funding</span><span class=\"f charStyle-a745408e ps12509\" style=\"width:2.77pt\"> </span></div><div class=\"ps2398 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group receives funding mainly from governmental entities and income is recognized when all</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">contractual conditions for receipt of these funds are fulfilled and eligible expenditures incurred. Such</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">funding is generally provided to encourage research, development and other innovation activities,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">industrialization deployment and local economic development. The conditions to receive government</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">funding may include eligibility restrictions, approval by the local governmental authorities, annual budget</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">appropriations, compliance with regulations, as well as specifications regarding objectives and results.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Certain specific contracts include obligations to maintain a minimum level of employment and investment</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">during a certain period of time. There could be penalties if these objectives are not fulfilled. Other</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">contracts contain penalties for breach of contract, which may result in repayment obligations. Funding</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:407.71pt\">related to these contracts is recorded when the conditions required by the contracts are met.</span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group\u2019s funding programs are classified under two general categories: funding for research,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development and other innovative activities, including first industrialization deployment initiatives, and</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">capital investments. The Group also benefits from tax credits for R&amp;D activities in several countries</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:304.4pt\">(primarily in France) as they are generally available to all companies.</span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:313.08pt\">Funding for research, development and other innovative activities</span><span class=\"f charStyle-a745408e ps12510\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Funding for research, development and innovative activities is the most common form of funding that the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Group receives. Public funding for such activities is recorded as \u201cOther income\u201d in the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated income statement. The funding is recognized ratably as the related costs are incurred once</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the agreement with the respective governmental agency has been signed and all applicable conditions</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">are met. Other government assistance, such as funding received for industrialization deployment and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">local economic development in certain regions, are reported as a deduction of cost of sales or other</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.1pt\">operating expenses according to the underlying costs eligible to the grants.</span><span class=\"f charStyle-58d8bcbe ps7976\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The Group receives certain specific project-related research tax credits \u2013 \u201cCr\u00e9dit Imp\u00f4t Recherche\u201d \u2013 in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the French tax jurisdiction. The Group considers the tax credits received as government grants based on</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the fact that the tax credits are received independently from tax payments of the Group. The Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">recognizes these credits as long-term or short-term receivables depending on the expected time of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">collection. These credits are deducted from \u201cResearch and development\u201d (R&amp;D) in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.38pt\">income statement or recorded as a reduction of intangible assets, as described in Note 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps12511\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.4pt\">Capital investments</span><span class=\"f charStyle-a745408e ps1428\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Capital investment funding is recorded as a reduction of \u201cProperty, plant and equipment\u201d in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">consolidated statement of financial position when the Group has incurred the eligible capital expenditures</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and when all conditions for eligibility have been fulfilled. Advances from capital grants received on capital</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">investments that have not been incurred yet are reported in the line \"Other non-current liabilities\" in the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">consolidated statement of financial position. Capital investment funding is recognized in the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consolidated income statement by offsetting the depreciation charges of the funded assets during their</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">useful lives. The Group also receives funding, which can be recovered through the reduction of various</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:435pt\">government liabilities, including income tax, value-added tax and employee-related social charges.</span><span class=\"f charStyle-58d8bcbe ps12512\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">When the funding has been classified as a long-term receivable with no tax attribute or legal restriction, it</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">is reflected in the consolidated statement of financial position at its discounted net present value. The</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:429.43pt\">subsequent accretion of the discount is recorded as a non-operating income in \u201cFinance income\u201d.</span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:75.5pt\">Finance income</span><span class=\"f charStyle-a745408e ps12513\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Finance income is calculated by applying the effective interest rate to the gross carrying amount of a</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">financial asset, except for financial assets that subsequently become credit-impaired. For credit-impaired</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:420.24pt\">financial assets, the effective interest rate is applied to the amortized cost of the financial asset.</span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:21.1pt\">R&amp;D</span><span class=\"f charStyle-58d8bcbe ps12515\" style=\"width:446.83pt\"> expenditures include costs incurred by the Group, the Group\u2019s share of costs incurred by other R&amp;D</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest groups and costs associated with co-development contracts. Research costs are expensed as</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.89pt\">incurred.</span><span class=\"f charStyle-58d8bcbe ps12516\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">improved products controlled by the Group, are recognized as \u201cIntangible assets\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statement of financial position when it is probable that the project will be a success considering its</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">economic profitability and technological feasibility, and costs can be measured reliably, as described in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Note 7.6.7.10. Certain research tax credits are also recognized as a reduction of intangible assets for the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion that can be reliably allocated to development projects. Development expenditures recognized as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">assets are amortized, when ready for their intended use, over their estimated useful lives, not exceeding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">five years (refer to Note 7.6.7.10). Development costs that do not meet the capitalization criteria are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expensed as incurred. Development expenditures recognized as expenses are not recognized as assets</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in a subsequent period. Amortization expense recognized on capitalized development costs in use is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">recorded as \u201cCost of sales\u201d in the consolidated income statement. Amortization expense on technologies</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and licenses purchased by the Group from third parties or acquired in a business combination to facilitate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the Group\u2019s R&amp;D activities is recorded as \u201cResearch and development\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">statement.</span><span class=\"f charStyle-58d8bcbe ps12517\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.6.\u00a0Current and deferred income tax<span id=\"i85e97a41226841b1aa3c275bfd22d95c\"></span></span><span class=\"f charStyle-a745408e ps12519\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Income tax in the consolidated income statement for the period comprises current and deferred income</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax. Income tax expense represents the income tax expected to be paid related to the current year</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">taxable profit in each tax jurisdiction. Management periodically evaluates positions taken in tax returns</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">with respect to situations in which applicable tax regulation is subject to interpretation. The Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">determines whether it is probable that the taxing authorities will accept an uncertain tax treatment that has</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.82pt\">been taken or is expected to be taken on a tax return and the accounting for income tax is determined</span><span class=\"f charStyle-58d8bcbe ps2926\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">consistently with that tax treatment. If the Group concludes it is not probable that the treatment will be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">accepted, the effect of the uncertainty is reflected in its income tax accounting in the period in which that</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">determination is made. The Group measures the impact of the uncertainty using the method that best</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">predicts the resolution of the uncertainty; either the most likely amount method or the expected value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">method. In most cases, the Group applies the most likely amount method to determine the amount of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">uncertainty to be reflected in the consolidated financial statements, as the assessment generally relies on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:379.42pt\">probabilities of possible outcomes that are either binary or concentrated on one value.</span><span class=\"f charStyle-58d8bcbe ps12520\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Deferred tax assets and liabilities are recorded for temporary differences arising between the book and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">tax bases of assets and liabilities and for the benefits of tax credits and operating loss carry-forwards.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">However, deferred income tax is not accounted for if it arises from initial recognition of an asset or liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">in a transaction other than a business combination that, at the time of the transaction, affects neither</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">accounting nor taxable profit or loss. For deferred tax related to assets and liabilities arising from a single</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transaction that, on initial recognition, give rise to equal amounts of taxable and deductible temporary</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">differences. Moreover, deferred tax liabilities are not recognized if they arise from the initial recognition of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">goodwill. Deferred income tax is determined using tax rates and laws that have been enacted or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">substantively enacted by the reporting date and are expected to apply when the related deferred income</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax asset is realized or the deferred income tax liability is settled. Deferred income tax assets are</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized to the extent that it is probable that future taxable profit will be available against which the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:165.91pt\">temporary differences can be utilized.</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group has determined that the global minimum top-up tax, which it may be required to pay under the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">OECD Pillar Two provisions as enacted in the tax legislation where the Group operates is an income tax</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">under the scope of IAS 12. The Group applies the exception to recognizing and disclosing information</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.3pt\">amendments to IAS 12 issued in May 2023.</span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Items recognized in other comprehensive income or directly in equity are recognized net of tax. Income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:459.91pt\">taxes are recognized as cash flows from operating activities in the consolidated statement of cash flows.</span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.7.\u00a0Earnings per share <span id=\"i90c07d78210a43cb97a7f860eb873905\"></span></span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Basic earnings per share (\"EPS\") are calculated by dividing the net earnings attributable to the equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">holders of the parent company by the weighted average number of ordinary shares outstanding during the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">period. Diluted EPS are calculated by dividing the net earnings attributable to the equity holders of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">parent company (adding-back finance costs, net of tax effects, related to convertible debt if determined to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">be dilutive) by the weighted average number of ordinary shares and potential ordinary shares outstanding</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">during the period. The weighted average shares used to compute diluted EPS include the incremental</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">shares of ordinary shares related to unvested shares and convertible debt to the extent such incremental</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">shares are dilutive. Unvested shares with performance conditions are included in the diluted EPS</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">calculation if their conditions have been met at the reporting date and if the awards are dilutive. If all the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">conditions have not been satisfied by the end of the period, the number of contingently issuable shares</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.81pt\">included in the diluted EPS is based on the number of shares that would be issuable if the end of the</span><span class=\"f charStyle-58d8bcbe ps3363\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:205.55pt\">period were the end of the contingency period.</span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.8.\u00a0Cash and cash equivalents <span id=\"i3ac71fa4fa6a45128ad392e7d8664acc\"></span></span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Cash and cash equivalents include cash on hand, deposits held at call with external financial institutions</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and other short-term highly liquid investments with effective maturities of three months or less. They are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">readily convertible to known amounts of cash and so near their maturity that they present insignificant risk</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.21pt\">of changes in value because of changes in interest rates.</span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Short-term deposits representing cash equivalents with maturity beyond three months and below one</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">year are reported as current assets in the line \u201cShort-term deposits\u201d of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">financial position.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.9.\u00a0Inventories <span id=\"i0092c967f65b4b30bd08273ffc335112\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Inventories are stated at the lower of cost and net realizable value. Actual cost is based on an adjusted</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">standard cost, which approximates cost on a first-in, first-out basis for all categories of inventory (raw</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">manufacturing performance and is based on the normal utilization of its production capacity. In case of</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">underutilization of manufacturing facilities, the costs associated with unused capacity are not included in</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the valuation of inventories but charged directly to cost of sales. Net realizable value is based upon the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">estimated selling price in the ordinary course of business, less reasonably predictable costs of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.66pt\">completion, disposal and transportation.</span><span class=\"f charStyle-58d8bcbe ps12523\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">As described in Note 7.6.7.15, the Group hedges a portion of its Euro-denominated front-end</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">manufacturing costs of semi-finished goods. The Group may also hedge certain Singapore dollar-</span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">denominated forecasted transactions. The Group adjusts the initial carrying amount of inventory by the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cumulative amount of the hedging instrument fair value changes recorded as other comprehensive</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.65pt\">income for settled hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps12524\" style=\"width:2.77pt\"> </span></div><div class=\"ps2403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Inventory reserve is estimated for excess uncommitted inventory based on historical sales data, order</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">backlog and production plans. The Group performs, on a continuous basis, write-offs of inventories, which</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">have the characteristics of slow-moving, old production dates and technical obsolescence. The Group</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">evaluates its inventory to identify obsolete or slow-selling items, as well as inventory that is not of saleable</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">quality and records a specific reserve if the Group estimates the inventory will eventually be written-off.</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Inventory associated with obsolete or uncommitted inventory is expensed to \u201cCost of sales\u201d in the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140.55pt\">consolidated income statement.</span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps10373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Intangible assets acquired separately are recognized at cost in the consolidated statement of financial</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">position and include technologies and licenses purchased from third parties and purchased software. The</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.07pt\">cost of intangible assets acquired in a business combination is the acquisition-date fair value.</span><span class=\"f charStyle-58d8bcbe ps12526\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">improved products controlled by the Group, and internally generated software developed for the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:447.18pt\">internal use are recognized as intangible assets when the Group can demonstrate all of the following:</span><span class=\"f charStyle-58d8bcbe ps12528\" style=\"width:2.77pt\"> </span></div><div class=\"ps5068 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the technical feasibility of completing the item under development so that it will be available for </span></div><div class=\"ps2453 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">use or sale; </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its intention to complete the item under development and ability to use it or sell it; </span></div><div class=\"ps2457 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">how the item under development will generate probable future economic benefits; </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the availability of adequate technical, financial and other resources to complete the development </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">and to use or sell the item under development; and </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its ability to measure reliably the expenditures attributable to the project during its development. </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Refer to Note 8.3.13 for composition of Company\u2019s legal reserves, which includes capitalized</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.78pt\">development costs and internally developed software.</span><span class=\"f charStyle-58d8bcbe ps2838\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Expenditures incurred on development projects that do not meet these criteria and all research activities</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.36pt\">are recognized as expenses when incurred.</span><span class=\"f charStyle-58d8bcbe ps1102\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Development costs are amortized, when the development is complete, on a straight-line basis over the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:265.53pt\">period of their expected benefits, not exceeding three years.</span><span class=\"f charStyle-58d8bcbe ps2057\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Amortization begins when the intangible asset is available for its intended use. Amortization reflects the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">pattern in which the asset\u2019s economic benefits are consumed, which usually consists in applying the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">straight-line method to allocate the cost of the intangible asset over the estimated useful life. The</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization period and the amortization method for an intangible asset with a definite useful life are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.42pt\">reviewed at least at each financial year end.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.85pt\">A summary of the policies applied to the Group\u2019s intangible assets is as follows:</span><span class=\"f charStyle-58d8bcbe ps12529\" style=\"width:2.77pt\"> </span></div><div class=\"ps3815 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:137.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12533 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12530\">Technologies <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12531\">and</span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12532\">licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12536 ss919\"><div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12534\">Purchased <span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12537\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12538\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12540\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12541\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12542\">costs<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss920\"><div><div class=\"ps6208 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Useful lives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12545 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12546 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12547 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12548 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:44.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5119 ss922\"><div><div class=\"ps9567 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Amortization method used<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12552 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps9393\">useful life / 3-10 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12553 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12554 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12556 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps12555\">useful life / 3-5 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9083 ss924\"><div><div class=\"ps11840 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Internally generated or acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12558 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12559 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12562 ss925\"><div><div class=\"ps8550 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12564 ss925\"><div><div class=\"ps8552 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps12569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Property, plant and equipment are stated at historical cost, net of public funding, accumulated</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps12570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">depreciation and any impairment losses. Property, plant and equipment acquired in a business</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps12571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">combination are recognized at fair value at the acquisition date. Major additions and improvements are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12572 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">capitalized, while minor replacements and repairs are expensed and reported as \u201cCost of sales\u201d, \u201cSelling,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">general and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.09pt\">income statement according to their intended use.</span><span class=\"f charStyle-58d8bcbe ps12574\" style=\"width:2.77pt\"> </span></div><div class=\"ps12576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Land is not depreciated. Depreciation on fixed assets is computed using the straight-line method over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:139.97pt\">following estimated useful lives:</span><span class=\"f charStyle-58d8bcbe ps12577\" style=\"width:2.77pt\"> </span></div><div class=\"ps12590 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:93.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss927\"><div><div class=\"ps9104 ss926\"><span class=\"f charStyle-a9f4bb30 ps52\">Nature of tangible asset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12580 ss929\"><div><div class=\"ps12579 ss928\"><span class=\"f charStyle-a9f4bb30 ps9892\">Estimated<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss928\"><span class=\"f charStyle-a9f4bb30 ps9079\">useful life<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12582 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12581\">33 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Facilities &amp; leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12584 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">5-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2298 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12585 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">2-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps75 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12587 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">3-6 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12589 ss933\"><div><div class=\"ps5101 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">2-5 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">appropriate, at the end of each reporting period. The Group also evaluates in each period whether there</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps8017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">impairment indicators exist for making this assessment such as: restructuring plans, significant changes</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">in the technology, market, economic or legal environment in which the Group operates, available</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">which there are separately identifiable cash flows (cash-generating units). An impairment loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized in the consolidated income statement for the amount by which the carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group based on independent market appraisals and the value in use by applying the income approach.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.77pt\">measuring fair value.</span><span class=\"f charStyle-58d8bcbe ps12591\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">When property, plant and equipment are retired or otherwise disposed of, the net book value of the assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">is removed from the Group\u2019s books and the net gain or loss is included in \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:216.66pt\">expenses\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12592\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group assesses at contract inception whether a contract implying the use of an asset is, or contains,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">a lease, which is the case if the contract conveys the right to control the use of an identified asset for a</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">period of time in exchange for consideration. The Group recognizes right-of-use assets at the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">commencement date of the lease as a category of \u201cProperty, plant and equipment\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">statement of financial position. The corresponding lease liabilities are reported on the line \u201cOther non-</span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">current financial liabilities\u201d on the consolidated statement of financial position when payment is expected</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">beyond twelve months, and in the line \u201cOther current financial liabilities\u201d for the current portion of the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">lease obligations. Lease arrangements with a sum of lease payments not exceeding $5,000 or a total</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:414.4pt\">duration lower than twelve months without a purchase option are excluded from capitalization.</span><span class=\"f charStyle-58d8bcbe ps12593\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The lease liability is initially measured at the present value of the lease payments that are not paid at the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the lease liability and decreased by the lease payments. The interest cost is reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">costs\u201d of the consolidated income statement. The Group has applied judgment to determine the lease</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">term for some lease contracts with renewal options. The assessment of whether the Group is reasonably</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">certain to exercise such options impacts the lease term, which affects the amount of reported lease</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">liabilities and corresponding right-of-use assets. The carrying amount of lease liabilities is remeasured if</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">there is a modification, a change in the lease term, a change in the lease payments or a change in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">assessment of an option to purchase the underlying asset. Variable lease payments based on an index or</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">a rate are initially measured using the index or rate as of the commencement date. Potential future</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">increases in variable lease payments based on an index or rate are not included in the lease liability until</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">they take effect. When adjustments to lease payments based on an index or rate take effect, the lease</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.3pt\">liability is reassessed and adjusted against the right-of-use asset.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">For cash flow presentation purposes, cash payments for the principal portion of the lease liabilities are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">reported as cash flows used in financing activities. The interest expense recorded on the subsequent</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">measurement of lease liabilities are reported within cash flows from operations, consistent with the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Group\u2019s cash flow presentation for interest paid. Short-term lease payments and payments for leases of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.09pt\">low-value assets are reported as operating outflows.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.13.\u00a0Financial Assets<span id=\"i5fa5e37f9c53464b897ee9ca32d91f0c\"></span></span><span class=\"f charStyle-a745408e ps12595\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps12596\">7.6.7.13.1.\u00a0Offsetting financial instruments <span id=\"ie747bd461e4945969b4869a4b7934020\"></span></span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Financial assets and liabilities are offset and the net amount reported in the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">financial position when there is a legally enforceable right to offset the recognized amounts and there is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.05pt\">an intention to settle on a net basis or realize the asset and settle the liability simultaneously.</span><span class=\"f charStyle-58d8bcbe ps12597\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.2.\u00a0Classification <span id=\"i6c676fa5135347d7bf922f079c534a7e\"></span></span></div><div class=\"ps12600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.04pt\">The Group classifies its financial assets according to the following measurement categories:</span><span class=\"f charStyle-58d8bcbe ps12599\" style=\"width:2.77pt\"> </span></div><div class=\"ps6667 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at fair value, either at FVOCI or at </span><span class=\"f charStyle-58d8bcbe ps12601\">FVPL</span><span class=\"f charStyle-58d8bcbe ps12602\">; and</span></div><div class=\"ps10366 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at amortized cost.</span></div><div class=\"ps5054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Publicly traded equity securities are measured at FVPL (fair value through profit and loss) while the Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">has made the irrevocable election to measure equity securities with no readily determinable fair value at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">FVOCI, with subsequent changes in fair value not recycled through earnings. Derivative instruments that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps10014 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">are not designated as hedging instruments are measured at FVPL. Debt instruments, loans and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">receivables are measured at amortized cost or FVOCI, depending on the Group\u2019s business model in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">managing the assets. When the contractual terms of cash flows do not solely correspond to payments of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.85pt\">principal and interest (the \u201cSPPI criterion\u201d), the financial asset is mandatorily measured at FVPL.</span><span class=\"f charStyle-58d8bcbe ps12604\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.3.\u00a0Recognition and measurement<span id=\"i2d232870a7694574b7b0f3cf746f2d45\"></span></span><span class=\"f charStyle-a745408e ps12605\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Regular purchases and sales of financial assets are recognized on the trade date, which is the date the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Group commits to purchase or sell the asset. Investments are initially recognized at fair value plus</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">transaction costs for all financial assets not carried at fair value through profit or loss. Financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">carried at fair value through profit or loss are initially recognized at fair value, and transaction costs are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">expensed in the consolidated income statement. Financial assets are derecognized when the rights to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">receive cash flows from the investments have expired or have been transferred and the Group has</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.18pt\">transferred substantially all risks and rewards of ownership.</span><span class=\"f charStyle-58d8bcbe ps12606\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.17pt\">Debt instruments</span><span class=\"f charStyle-a745408e ps12607\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Subsequent measurement of debt instruments depends on the Group\u2019s business model for managing the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">asset and its cash flow characteristics. The contractual cash flows related to all debt instruments held by</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.98pt\">the Group meet the </span><span class=\"f charStyle-58d8bcbe ps12608\" style=\"width:22.75pt\">SPPI</span><span class=\"f charStyle-58d8bcbe ps12609\" style=\"width:356.18pt\"> criterion. There are two measurement categories into which the Group classifies</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:89.41pt\">its debt instruments:</span><span class=\"f charStyle-58d8bcbe ps12610\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Amortized cost: Assets that are held for collection of contractual cash flows are measured at</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">amortized cost. These assets typically correspond to trade accounts receivable, other</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">receivables, long-term loans and long-term receivables. They are reported as current, except for</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">maturities greater than twelve months after the reporting date, which are classified as non-</span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:33.88pt\">current.</span><span class=\"f charStyle-58d8bcbe ps12611\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">FVOCI: Assets that are held for collection of contractual cash flows or for selling are measured at</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">impairment losses, interest income and foreign exchange gains and losses, which are recognized</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">in the consolidated income statement. When the financial asset is derecognized, the cumulative</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">gain or loss previously recognized in OCI is recycled from equity to earnings, within \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d or \u201cOther expenses\u201d in the consolidated income statement, when the transactions for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">such instruments are related to the Group\u2019s operating activities. Gains and losses arising from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">financial assets not related to the operating activities of the Group are presented within \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d and \u201cFinance costs\u201d in the consolidated income statement. Debt instruments measured</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">at FVOCI are included in non-current assets unless management intends to dispose of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">investment within twelve months after the reporting date or if they represent investments of funds</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:139.99pt\">available for current operations.</span><span class=\"f charStyle-58d8bcbe ps12612\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:79.95pt\">Equity securities</span><span class=\"f charStyle-a745408e ps12613\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group subsequently measures all equity securities at fair value. The Group has elected to irrevocably</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measure equity securities with no readily determinable fair value at FVOCI, with no subsequent</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reclassification of fair value gains and losses, including impairment, from equity to earnings following the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.65pt\">derecognition of the financial assets.</span><span class=\"f charStyle-58d8bcbe ps12614\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Gains and losses arising from changes in the fair value of publicly traded equity securities, which are</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured at FVPL, are presented in the consolidated income statement within \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">expenses\u201d in the period in which they arise, when the transactions for such instruments are related to the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Group\u2019s operating activities. Gains and losses arising from changes in fair value of these financial assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">not related to the operating activities of the Group are presented within \u201cFinance income\u201d and \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.19pt\">costs\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12615\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.4.\u00a0Impairment of financial assets <span id=\"i4eea1c3d45f34f07abf8a4ec2d9ffaff\"></span></span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group assesses on a forward-looking basis the expected credit losses associated with its debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">whether there has been a significant increase in credit risk. The impairment methodology by category of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.84pt\">financial assets is further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12616\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">For trade receivables, the Group applies the simplified approach required by IFRS 9, which requires</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">expected lifetime credit losses to be recognized from initial recognition of the receivables as further</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.17.</span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.14.\u00a0Trade accounts receivable <span id=\"i9f397aeea2844ba3b0d2a646deb5c986\"></span></span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts receivable are amounts due from customers for goods sold or services rendered to third</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">parties in the ordinary course of business. The accounts receivable are recognized initially at transaction</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">price and subsequently measured at amortized cost using the effective interest method, less provision for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected credit losses. The carrying amount of the asset is reduced through the use of a credit loss</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">allowance, and the amount of the credit loss is recognized as \u201cSelling, general and administrative</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expenses\u201d in the consolidated income statement. When a trade receivable is uncollectible, it is written-off</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">against the impairment account for trade receivables. Subsequent recoveries of amounts previously</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">written off are credited against \u201cSelling, general and administrative expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.3pt\">statement. The impairment policies on trade receivables are further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12617\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">In the event of sales of receivables and factoring, the Group derecognizes the receivables and accounts</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">for them as a sale only to the extent that the receivables have been transferred outside the consolidated</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">group and the Group has transferred substantially all the risks and rewards of ownership of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.34pt\">receivables.</span></div></div><div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div><div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.16.\u00a0Employee benefits <span id=\"i7768cc22bd8e4aa3ba171384360ff3ec\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group operates various post-employment schemes, including both defined benefit and defined</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:118.9pt\">contribution pension plans.</span><span class=\"f charStyle-58d8bcbe ps12630\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.88pt\">Pension obligations</span><span class=\"f charStyle-a745408e ps3182\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group sponsors various pension schemes for its employees. These schemes conform to local</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">regulations and practices of the countries in which the Group operates. Defined benefit pension plans</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">define amounts of pension benefits that employees will receive on retirement, usually dependent on one</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">or more factors such as age, years of service and compensation. The liability recognized in the line</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">\u201cEmployee benefits\u201d in the consolidated statement of financial position in respect of defined benefit</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">pension plans is the present value of the defined benefit obligation at the reporting date less the fair value</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of plan assets. Significant estimates are used in determining the assumptions incorporated in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">calculation of the pension obligations, which is supported by input from independent actuaries. The</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">defined benefit obligation is calculated annually using the projected unit credit method. The present value</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">of the defined benefit obligation is determined by discounting the estimated future cash outflows using in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">most cases interest rates of high-quality corporate bonds that are denominated in the currency in which</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the benefits will be paid, and that have terms to maturity approximating the terms of the related pension</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45.56pt\">obligation.</span><span class=\"f charStyle-58d8bcbe ps4891\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">charged or credited to equity in other comprehensive income in the period in which they arise. Past</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.28pt\">service costs are recognized immediately in profit or loss.</span><span class=\"f charStyle-58d8bcbe ps12631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For defined contribution plans, the Group pays contributions to publicly or privately administered pension</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">obligations once the contributions have been paid. The contributions are recognized as employee benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.85pt\">refund or a reduction in the future payments is available.</span><span class=\"f charStyle-58d8bcbe ps12632\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:165.44pt\">Other long-term employee benefits</span><span class=\"f charStyle-a745408e ps12633\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group provides long-term employee benefits such as seniority awards in certain countries. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">entitlement to these benefits is usually conditional on the employee completing a minimum service period.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.59pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The expected costs of these benefits are accrued over the period of employment. Actuarial gains and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">losses arising from experience adjustments, and changes in actuarial assumptions, are charged or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">credited to earnings in the period of change. These obligations are valued annually with the assistance of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.13pt\">independent qualified actuaries.</span><span class=\"f charStyle-58d8bcbe ps12634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Termination benefits</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Termination benefits are payable when employment is terminated by the Group before the normal</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">retirement date, or whenever an employee accepts voluntary termination in exchange for these benefits.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.59pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group recognizes termination benefits at the earlier of the following dates: (a)\u00a0when the Group can</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">no longer withdraw the offer of those benefits; and (b)\u00a0when the entity recognizes costs for a restructuring</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">that is within the scope of IAS 37 and involves the payment of termination benefits. Benefits falling due</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:360.5pt\">more than twelve months after the reporting date are discounted to present value.</span><span class=\"f charStyle-58d8bcbe ps12636\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:147.61pt\">Profit-sharing and bonus plans</span><span class=\"f charStyle-a745408e ps12637\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group recognizes a liability and an expense for bonuses and profit-sharing plans when it is</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.27pt\">contractually obliged or where there is a past practice that has created a constructive obligation.</span><span class=\"f charStyle-58d8bcbe ps8491\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:130.48pt\">Share-based compensation</span><span class=\"f charStyle-a745408e ps12638\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:222.16pt\">All the share plans of the Group are equity settled.</span><span class=\"f charStyle-58d8bcbe ps12639\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The fair value of the employee services received in exchange for the grant of share-based awards is</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">recognized as an expense and as a corresponding increase in shareholders\u2019 equity. The total amount to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">be expensed over the vesting period, which is the period over which all of the specified vesting conditions</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">are to be satisfied, is determined by reference to the fair value of awards granted is measured based on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the market price of the underlying shares at the date of grant, as observed on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Exchange, reduced by the present value of the dividends expected to be paid on the shares during the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">requisite service period. No other features of the equity instruments granted is incorporated in the fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">value measurement. Non-market performance and service conditions are included in assumptions about</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the number of instruments that are expected to vest. Any applicable employee social charges are also</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.48pt\">expensed ratably over the same period as the share-based compensation expense.</span><span class=\"f charStyle-58d8bcbe ps12640\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">At the end of each reporting period, the Group revises its estimates of the number of instruments that are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected to vest based on the non-market vesting conditions. It recognizes the impact of the revision to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">original estimates, if any, in the consolidated income statement, with a corresponding adjustment to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.7pt\">equity.</span><span class=\"f charStyle-58d8bcbe ps12641\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.17.\u00a0Financial Debt<span id=\"i07568e31282d494ea65de339c6345df4\"></span></span><span class=\"f charStyle-a745408e ps12642\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:53.3pt\">Bank loans</span><span class=\"f charStyle-a745408e ps12643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Bank loans are recognized initially at fair value, net of transaction costs incurred, if any. They are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs)</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and the redemption value is recognized within \u201cFinance costs\u201d in the consolidated income statement over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.43pt\">the period of the borrowings using the effective interest method.</span><span class=\"f charStyle-58d8bcbe ps12644\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Borrowings are classified as current liabilities unless the Group has at the reporting date an unconditional</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:388.17pt\">right to defer settlement of the liability for at least twelve months after the reporting date.</span><span class=\"f charStyle-58d8bcbe ps12645\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:134.89pt\">Hybrid financial instruments</span><span class=\"f charStyle-a745408e ps544\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group issued in 2020 convertible bonds that can be converted to share capital at the option of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">holder and that are callable by the Group, in certain events and circumstances, but for which the number</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:145.91pt\">of shares to be issued does vary.</span><span class=\"f charStyle-58d8bcbe ps12646\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The issuer\u2019s call option and the bondholder\u2019s conversion option are embedded non-equity derivative</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">instruments and are recognized separately from the debt host contract. Upon initial recognition, the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">derivatives are measured at fair value, and the debt is measured as a residual amount. The debt is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">subsequently measured at amortized cost using the effective interest method. The embedded derivatives</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are measured at fair value through profit and loss, with changes in fair value reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.84pt\">costs\u201d or \u201cFinance income\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12647\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.18.\u00a0Equity<span id=\"i78a53c63d4284fe78b175b950d78e26e\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:105.5pt\">Ordinary share capital</span><span class=\"f charStyle-a745408e ps12648\" style=\"width:2.77pt\"> </span></div><div class=\"ps3030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Company has issued ordinary shares that are classified as equity. Incremental external costs that are</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps7436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:382.51pt\">directly attributable to the issuance of these shares are recognized in equity, net of tax.</span><span class=\"f charStyle-58d8bcbe ps12649\" style=\"width:2.77pt\"> </span></div><div class=\"ps10983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:77.22pt\">Treasury shares</span><span class=\"f charStyle-a745408e ps12650\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Own equity instruments which are acquired (treasury shares) are deducted from equity for the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2438 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">consideration paid including any directly attributable incremental costs (net of taxes). No gain or loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">recognized in the income statement on the purchase, sale, issue or cancellation of the Company\u2019s own</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:83.87pt\">equity instruments.</span><span class=\"f charStyle-58d8bcbe ps12651\" style=\"width:2.77pt\"> </span></div><div class=\"ps2398 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:169.31pt\">Dividends on ordinary share capital</span><span class=\"f charStyle-a745408e ps12652\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Dividends on ordinary shares are recognized as a liability and deducted from equity when they are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.62pt\">approved by the Company\u2019s shareholders.</span><span class=\"f charStyle-58d8bcbe ps12653\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Dividends for the year that are approved after the reporting date are dealt with as an event after the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:64.44pt\">reporting date.</span><span class=\"f charStyle-58d8bcbe ps3119\" style=\"width:2.77pt\"> </span></div><div class=\"ps1903 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.19.\u00a0Trade payables <span id=\"if0c2a27fa07c43b48cc59926a2b7379a\"></span></span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts payable are obligations to pay for goods or services that have been acquired in the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">ordinary course of business from suppliers. Trade payables are recognized initially at fair value and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">subsequently measured at amortized cost using the effective interest method when maturity of the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps4478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.92pt\">payables exceeds one year.</span><span class=\"f charStyle-58d8bcbe ps12654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5960 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.20.\u00a0Provisions <span id=\"id6f9140f36454ccf9a43f3c15a76093f\"></span></span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Provisions for restructuring costs and legal claims, if any, are recognized when: the Group has a present</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">legal or constructive obligation as a result of past events; it is probable that an outflow of resources</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">embodying economic benefits will be required to settle the obligation; and the amount has been reliably</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301.62pt\">estimated. Provisions are not recognized for future operating losses.</span><span class=\"f charStyle-58d8bcbe ps3399\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">reflects current market assessments of the time value of money and, when appropriate, the risk specific to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:430.32pt\">the obligation. The increase in the provision due to passage of time is recognized as finance cost.</span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.21.\u00a0Contingencies <span id=\"i70b9f62e32bc487faeee9d268d014a8f\"></span></span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The Group is subject to the possibility of loss contingencies arising in the ordinary course of business.</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.59pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">These include but are not limited to: warranty cost on the products of the Group, breach of contract</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">claims, claims for unauthorized use of third-party IP, tax claims and provisions for specifically identified</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">income tax exposures as well as claims for environmental damages. In determining loss contingencies,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the Group considers the likelihood of a loss of an asset or the incurrence of a liability as well as the ability</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">to reasonably estimate the amount of such loss or liability. The Group regularly evaluates claims to</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determine whether provisions need to be recorded based on the most current information available to the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Group. Changes in these evaluations could result in adverse, material impact on the Group\u2019s results of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:351.59pt\">operations, cash flows or its financial position for the period in which they occur.</span></div></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.22.\u00a0Segment reporting <span id=\"i8fd30404a55844e68e29fc49e5461c1c\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Operating segments are defined as a component of the entity that (i)\u00a0engages in business activities from</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">which it may earn revenues and incur expenses, (ii)\u00a0whose operating results are regularly reviewed by the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">entity\u2019s Chief Operating Decision Maker (\"CODM\") - members of the Managing Board under the oversight</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">of the Supervisory Board, to make decisions about resources to be allocated to the segments and assess</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.59pt\">its performance and (iii)\u00a0for which discrete financial information is available.</span><span class=\"f charStyle-58d8bcbe ps12655\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the computation of the segments\u2019 internal financial measurements, the Group uses certain internal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">rules of allocation for the costs not directly chargeable to the segments, including cost of sales, SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses, and a part of R&amp;D expenses. In compliance with the Group\u2019s internal policies, certain costs are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">not allocated to the segments, but reported in \u201cOthers\u201d. Those comprise unused capacity charges,</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">including incidents leading to power outage, certain unallocated impairment, restructuring charges and</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">other related phase-out costs, management reorganization expenses, start-up costs, and other</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">unallocated income (expenses) such as: strategic or special R&amp;D programs, certain corporate-level</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">operating expenses, patent claims and litigations, and other costs that are not allocated to reportable</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.86pt\">segments, as well as operating earnings of other products.</span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Wafer costs are allocated to the segments based on actual cost. From time to time, with respect to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.95pt\">specific technologies, wafer costs are allocated to segments based on market price.</span></div><span class=\"f charStyle-a745408e ps1821\">7.6.8. Critical accounting estimates and judgments<span id=\"i9d151b2169934018bf06fe152652b266\"></span></span><div class=\"ps1707 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.1.\u00a0Right-of-use assets and lease liabilities <span id=\"i022e44ab9758454db093c5f7f447a7d5\"></span></span></div><div class=\"ps2396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Significant assumptions and judgments may be made in applying the requirements of lease accounting,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.3pt\">such as the exercise of extension or renewal options and the determination of applicable discount rates.</span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group determines the lease term as the non-cancellable term of the lease, together with any periods</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:356.02pt\">by an option to terminate the lease, if it is reasonably certain not to be exercised.</span><span class=\"f charStyle-58d8bcbe ps6548\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group has elected not to recognize right-of-use assets and lease liabilities for some leases of low-</span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">value and for leases which term ends within 12 months with no purchase option at the date of initial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">application (primarily for certain office and IT small equipment). The Group leases land, buildings, cars</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">and certain equipment (including IT equipment) which have remaining lease terms between less than one</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year and 65 years. Certain lease contracts contain options to extend the leases by up to 30 years. The<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group applies judgment in evaluating if and when it is reasonably certain for the Group to exercise that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">option. In addition, the Group made an accounting policy election for all the asset classes to not account</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">for short-term leases, as described in Note 7.6.7.12. The Group considers all relevant factors that create</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">an economic incentive to exercise any existing option to extend or renew a lease arrangement. After the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">commencement date, the Group reassesses the lease term if there is a significant event or change in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">circumstances that is within its control and affects its ability to exercise or not exercise the option. In most</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">cases, the Group has included the extension or renewal option as part of the lease term of plants,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">buildings and equipment when the controlled use of the leased assets is significant and critical to its</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">operations. These leases generally include a non-cancellable period and there will be a significant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">negative effect on the normal course of the Group\u2019s business, should a replacement not be readily<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:42.23pt\">available.</span><span class=\"f charStyle-58d8bcbe ps5005\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">In calculating the present value of lease payments, the rate implicit in the lease should be used whenever</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">that rate is readily determinable. In most cases, this rate is not readily determinable and the Group uses</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">its incremental borrowing rate, which is derived from information available at the lease commencement</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">date. The Group gives consideration to its recent debt issuance as well as publicly available data for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">instruments with similar characteristics when calculating its incremental borrowing rates. Due to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">immateriality of any intra-quarter discount rate changes, the Group determines the discount rate based on</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.76pt\">the mid-quarter date.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:196.08pt\">Lease term and discount rate are as follows:</span></div><div class=\"ps12677 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:262.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8584 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4297 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss935\"><div><div class=\"ps5101 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average remaining lease term (in years)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12672 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">8<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12673 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">9<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss937\"><div><div class=\"ps45 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12675 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.47%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12676 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.82%<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.2.\u00a0Income taxes <span id=\"i94ed5e26153d43b088d8b47ff0784cb0\"></span></span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is required to make estimates and judgments in determining income tax for the period,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">comprising current and deferred income tax. The Group needs to assess the income tax expected to be</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">paid or the income tax benefit expected to be received related to the current year earnings in each tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">jurisdiction and recognizes deferred income tax for temporary differences arising between the tax bases</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">of assets and liabilities and their carrying amount in the consolidated financial statements, except when</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the initial recognition exception applies, as described in Note 7.6.7.6. Furthermore, the Group is required</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to assess all material open income tax positions in all tax jurisdictions to determine any uncertain tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.09pt\">positions, and to record a provision for those, if any.</span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group is also required to assess the likelihood of recovery of its deferred tax assets originated by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">net operating losses carried forward. This assessment requires the exercise of judgment with respect to,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">among other things, benefits that could be realized from available tax strategies and future taxable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">income, as well as other positive and negative factors. The ultimate realization of deferred tax assets is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">dependent upon, among other things, the Group\u2019s ability to generate future taxable income that is</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">sufficient to utilize loss carry-forwards or tax credits before their expiration or the Group\u2019s ability to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:244.99pt\">implement prudent and feasible tax planning strategies.</span><span class=\"f charStyle-58d8bcbe ps12678\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.15pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12679\" style=\"width:88.41pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12680\" style=\"width:199.65pt\">, the Group reported deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps12681\" style=\"width:16.68pt\">303</span><span class=\"f charStyle-58d8bcbe ps12682\" style=\"width:37.82pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12683\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12684\" style=\"width:11.41pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12685\" style=\"width:16.68pt\">326</span><span class=\"f charStyle-58d8bcbe ps2607\" style=\"width:48.94pt\"> million) on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the consolidated statement of financial position. A significant portion of these deferred tax assets was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">recorded in relation to net operating losses incurred in certain tax jurisdictions. These net operating losses</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">may not be realizable before their expiration, unless the Group is capable of identifying favorable tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.1pt\">strategies.</span><span class=\"f charStyle-58d8bcbe ps12686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group could reduce the amount of total deferred tax assets, resulting in a decrease in the total assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and, consequently, in equity, if the estimates of projected future taxable income and benefits from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">available tax strategies are reduced as a result of a change in the assessment or due to other factors, or if</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.88pt\">changes in current tax regulation</span><span class=\"f charStyle-bdf8be45 ps12687\" style=\"width:316.11pt\"><span style=\"background-color:inherit\">s are enacted that impose restrictions on the timing or extent of the</span></span><span class=\"f charStyle-bdf8be45 ps1629\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:424.41pt\"><span style=\"background-color:inherit\">Group\u2019s ability to utilize net operating losses and tax credit carry-forwards in the future. In </span></span><span class=\"f charStyle-bdf8be45 ps12688\" style=\"width:22.24pt\"><span style=\"background-color:inherit\">2025</span></span><span class=\"f charStyle-bdf8be45 ps12689\" style=\"width:21.3pt\"><span style=\"background-color:inherit\">, the</span></span><span class=\"f charStyle-bdf8be45 ps1647\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:98.13pt\"><span style=\"background-color:inherit\">Group recorded a $</span></span><span class=\"f charStyle-bdf8be45 ps12690\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">53</span></span><span class=\"f charStyle-bdf8be45 ps12691\" style=\"width:358.65pt\"><span style=\"background-color:inherit\"> million income tax expense resulting from changes in the recognition of</span></span><span class=\"f charStyle-bdf8be45 ps1627\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:20.01pt\"><span style=\"background-color:inherit\">unre</span></span><span class=\"f charStyle-bdf8be45 ps6155\" style=\"width:447.96pt\"><span style=\"background-color:inherit\">cognized tax losses. A change in the tax rates applicable in the various jurisdictions or unfavorable</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:189.19pt\"><span style=\"background-color:inherit\">outcomes of any ongoing tax audits coul</span></span><span class=\"f charStyle-58d8bcbe ps12692\" style=\"width:278.74pt\">d have a material impact on the future tax provisions in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.57pt\">periods in which these changes could occur.</span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Pillar II legislation has been enacted in certain jurisdictions in which the Group operates (the Netherlands,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">the majority of the European Countries and Switzerland). The legislation is effective for the Group's</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.29pt\">financial year beginning January 1, 2024. The Group is in the scope of the Pillar II legislation.</span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.1pt\">The assessment of the </span><span class=\"f charStyle-58d8bcbe ps12694\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12695\" style=\"width:337.51pt\"> exposure to Pillar II income taxes is based on the most recent tax filings,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.67pt\"> draft country-by-country reporting prepared based on the US GAAP financial statements for the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">constituent entities in the Group. Based on the assessment, the Pillar II effective tax rates in most of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">jurisdictions are above 15%. However, there is a limited number of jurisdictions where the transitional safe</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">harbour relief does not apply and the Pillar II effective tax rate is slightly below 15%. Therefore, the Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:255.13pt\">has recorded a tax exposure to Pillar II income taxes of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12696\" style=\"width:42.7pt\">$2\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12697\" style=\"width:6.58pt\"> (</span><span class=\"f charStyle-58d8bcbe ps12698\" style=\"width:42.7pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12699\" style=\"width:28.64pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12700\" style=\"width:88.75pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12701\" style=\"width:3.33pt\">)</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in those jurisdictions. The Group is continuously monitoring the Pillar II legislation and related guidance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:439.02pt\">which are still evolving and may have an impact on the Group's Pillar II tax charge in future periods.<span class=\"f ps26\"> </span></span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group operates in many jurisdictions with highly complex and varied tax regimes. Management</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">applies professional judgment in assessing whether relevant tax authorities will accept reported tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">treatments under tax law. Those uncertainties may arise when tax laws are not clear or not consistently</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">understood, which generates ambiguity in the tax law interpretations and application. Those uncertainties</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are particularly present in tax jurisdictions or tax regimes where the expected amount to be paid or the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">expected tax benefit to be recognized arise from complex, lengthy and technical negotiations or require</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.64pt\">possible settlements involving a high degree of subjectivity and discretion.</span><span class=\"f charStyle-58d8bcbe ps12702\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Assumptions and estimates used in the assessment of uncertainties over income tax treatments include,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">but are not limited to: whether certain income tax treatments are considered jointly or separately when</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">assessing their degree of uncertainty; the assumptions the Group makes about the examination of tax</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">treatments by taxing authorities; how the Group determines taxable profits, deductions taken on tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">returns, unused tax losses, unused tax credits, applicable tax rates, the probability of acceptance of these</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income tax treatments by the relevant taxing authorities or on the contrary to what extent the income tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">treatments as applied by the Group may be disallowed, including the outcome of unresolved disputes or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">settlements on existing tax audits; and consideration of changes in facts and circumstances requiring a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:238.34pt\">reassessment of applied judgments and assumptions.</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.67pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12704\" style=\"width:90.93pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12705\" style=\"width:25.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12475\" style=\"width:90.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12706\" style=\"width:232.07pt\">, the Group reported unrecognized tax benefits for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.8pt\">uncertain tax treatments totaling $</span><span class=\"f charStyle-58d8bcbe ps12707\" style=\"width:16.68pt\">142</span><span class=\"f charStyle-58d8bcbe ps12708\" style=\"width:59.09pt\"> million and $</span><span class=\"f charStyle-58d8bcbe ps12709\" style=\"width:11.12pt\">42</span><span class=\"f charStyle-58d8bcbe ps12710\" style=\"width:230.27pt\"> million, respectively. $75 million has been classified</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:276.06pt\">as a reduction of the deferred tax assets ($19 million as of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12711\" style=\"width:89.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:101.94pt\">). Additionally, accrued</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.07pt\">interest and penalties amounted to\u00a0 $</span><span class=\"f charStyle-58d8bcbe ps5636\" style=\"width:42.66pt\">23\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12713\" style=\"width:28.52pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12714\" style=\"width:88.67pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12715\" style=\"width:77.72pt\"> ($6\u00a0million as of </span><span class=\"f charStyle-58d8bcbe ps12716\" style=\"width:63.22pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:73.02pt\">) are classified </span><span class=\"f charStyle-58d8bcbe ps12717\" style=\"width:136.36pt\">as other non-current liabilities</span><span class=\"f charStyle-58d8bcbe ps2320\" style=\"width:236.37pt\">. The tax years that remain open for review in the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:212.54pt\">Group\u2019s major tax jurisdictions are from 1997 to </span><span class=\"f charStyle-58d8bcbe ps12718\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12719\" style=\"width:2.77pt\">.</span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.45pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12720\" style=\"width:89.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12721\" style=\"width:350.71pt\">, the Group is under audit in certain countries with respect to transfer pricing.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Uncertain tax positions have been recognized and measured in accordance with IFRIC 23 provisions,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">based on the Group\u2019s assessment of the technical merits of its transfer pricing policies and the likelihood</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of sustainment upon examination. Notwithstanding an increasing level of scrutiny that has resulted in tax</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">reassessments received in certain jurisdictions, the Group remains confident that its transfer pricing</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">methodology is appropriate and consistent with applicable tax rules and OECD principles, and that it is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:368.84pt\">probable that the positions taken will be sustained upon resolution of these matters.</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.3.\u00a0Impairment of non-financial assets <span id=\"i77f63a6fceae40059caae342658ee7b7\"></span></span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">An impairment exists when the carrying value of an asset or a cash generating unit exceeds its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">fair value less costs of disposal calculation is based on observable market prices less incremental costs</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of disposing the asset, in order to measure the price at which the asset could be sold in an orderly</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">transaction between market participants at the measurement date. In case observable market prices are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">not available, fair value less costs of disposal is measured based on data from binding sales transactions</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">in arm\u2019s length transactions of similar assets. Management applies professional judgment when testing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">certain assets or CGUs for impairment and uses critical assumptions when assessing whether impairment</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.04pt\">indicators exist and at which level the impairment test must be conducted.</span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">In 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing footprint by</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">accelerating the wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing its global</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:348.11pt\">cost base. The Group recorded a total impairment charge of $189 million in </span><span class=\"f charStyle-58d8bcbe ps12722\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12723\" style=\"width:97.63pt\"> for its company-wide</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">program, of which $151 million related to the manufacturing reshaping program and reported on the line</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">\"Cost of sales\" in the consolidated income statement for the year ended December 31, 2025 following the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment test ($27 million on buildings, $83 million on facilities and $41 million on equipment to be</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">disposed of upon execution of the manufacturing reshaping program). The impairment charges were not</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.76pt\">allocated to any specific reportable segment.</span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified indeed</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">certain impairment indicators which triggered an impairment test on its manufacturing activities impacted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">by the program, primarily in France and in Italy. The impairment test was conducted at the level of</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">identified CGUs, for 150mm Silicon Carbide activities and 200mm Silicon activities, respectively. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">identified CGUs were tested for impairment on a standalone basis, since management believes they</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">correspond to the smallest identifiable group of assets that generates cash inflows that are largely</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">independent of the cash inflows from other assets or group of assets. Each identified CGU includes</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.85pt\">building, facilities and equipment but does not include goodwill or other category of non-financial assets.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The\u00a0 key-assumptions used to assess value-in-use were based on the most recent forecasted plans of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">each tested CGU. Expected cash flows were discounted at a pre-tax rate of 14%, corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:280.66pt\">pre-tax weighted cost of capital applicable to these activities. </span><span class=\"f charStyle-58d8bcbe ps12724\" style=\"width:187.28pt\">For each identified CGU, the recoverable</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.91pt\">amount was estimated on the basis of fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps12725\" style=\"width:150.94pt\">. Fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">was estimated at $140 million and $201 million, respectively. Fair value was measured based on an</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income approach, which corresponds to a Level 3 measurement hierarchy. This income approach</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">models, from a market participant's perspective, the theoretical income generated from the right of use for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">productive purposes in the semiconductor industry of equipment and fully integrated infrastructures</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">included in the tested CGUs. Refer to Note 7.6.10 for further details on impairment losses on property,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.34pt\">plant and equipment.</span><span class=\"f charStyle-58d8bcbe ps12726\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the current year\u2019s annual impairment test on goodwill, the recoverable amount of the CGUs was</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">determined based on value-in-use calculations which exceeded carrying amount, as further described in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:54.43pt\">Note 7.6.13.</span><span class=\"f charStyle-58d8bcbe ps12727\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Non-financial assets are tested or reviewed for impairment in accordance with accounting policies stated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:417.15pt\">in Notes 7.6.7.1, 7.6.7.10, 7.6.7.11 and 7.6.7.12. In 2025, the Group also recorded a </span><span class=\"f charStyle-58d8bcbe ps12728\" style=\"width:50.85pt\">$20\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">impairment charge on a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.33pt\">longer expected, and a </span><span class=\"f charStyle-58d8bcbe ps12729\" style=\"width:48.75pt\">$18 million</span><span class=\"f charStyle-58d8bcbe ps12730\" style=\"width:310.91pt\"> impairment charge on non-financial assets with no alternative future</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:61.42pt\">use, of which </span><span class=\"f charStyle-58d8bcbe ps12731\" style=\"width:47.89pt\">$10\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12732\" style=\"width:358.55pt\"> following the decision to rationalize certain R&amp;D activities within the scope of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cost base resizing pillar. Management judgment is necessary to estimate future sales and expenses,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">which underlie the discounted future cash flow projections. Factors such as changes in the planned use of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">property, plant and equipment, the closure of facilities, the change in the use or in the market acceptance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of certain new technologies, could result in shortened useful lives or impairment charges to be recognized</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.64pt\">in the period in which such determination is made.</span><span class=\"f charStyle-58d8bcbe ps12733\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.4.\u00a0Pension obligations <span id=\"i15d478e9a1bd4beaba7c165d736b0d93\"></span></span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group sponsors various pension schemes for its employees. The expense incurred under the defined</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">benefit pension plans is based upon statistical and actuarial calculations and is impacted by assumptions</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">on discount rates used to reach the present value of future pension liabilities, expected return that will be</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">made on existing pension assets, future salary increases as well as future pension increases and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statistical-based assumptions covering future withdrawals of participants from the plan and estimates of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.65pt\">life expectancy. Refer to Note 7.6.23.</span><span class=\"f charStyle-58d8bcbe ps1010\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The actuarial assumptions used may differ materially from actual results due to changes in market and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">economic conditions, higher or lower withdrawal rates or longer or shorter life spans of participants and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">may significantly impact the amount of pension costs and pension liabilities to be recognized in the period</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.87pt\">in which such determination is made.</span><span class=\"f charStyle-58d8bcbe ps956\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.5.\u00a0Capitalized development costs <span id=\"i38490b8c2da84915a84ab38b2b042841\"></span></span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and technological feasibility are confirmed, usually when a product or technology has reached a certain</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">maturity level in product life cycle model used by the Group. In determining the projects to be capitalized,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">management makes assumptions regarding the expected future cash generation of the project and the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.82pt\">expected period of benefits. As of </span><span class=\"f charStyle-58d8bcbe ps12734\" style=\"width:89.89pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12735\" style=\"width:221.28pt\">, the carrying amount of capitalized development</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:59.47pt\">costs was $</span><span class=\"f charStyle-58d8bcbe ps12736\" style=\"width:25.01pt\">1,272</span><span class=\"f charStyle-58d8bcbe ps12737\" style=\"width:44.46pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12738\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12739\" style=\"width:14.73pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:25.01pt\">1,170</span><span class=\"f charStyle-58d8bcbe ps12740\" style=\"width:277.03pt\">\u00a0million). Refer to Note 7.6.12 for disclosure of amounts</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.77pt\">capitalized, amortized and impaired during the period.</span><span class=\"f charStyle-58d8bcbe ps12741\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.6.\u00a0Inventory obsolescence reserves and normal manufacturing capacity <span id=\"i1b1c6168776449ffa27ad0b7def24431\"></span></span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps7715\">thresholds </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Inventory is stated at the lower of cost or net realizable value. Actual cost is based on an adjusted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standard cost which approximates cost on a first-in, first-out basis for all categories of inventory (raw</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">manufacturing performance and is based on the normal utilization of its production capacity. In case of</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">underutilization of manufacturing facilities, the costs associated with unused capacity are not included in</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.58pt\">the valuation of inventories but charged directly to cost of sales. For the year ended </span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:88.53pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12743\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the unused capacity charges amounted to $416 million compared to $370 million for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.23pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12744\" style=\"width:379.68pt\">. Net realizable value is the estimated selling price in the ordinary course of business,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:381.59pt\">less predictable costs of completion, disposal and transportation. Refer to Note 7.6.16.</span><span class=\"f charStyle-58d8bcbe ps12745\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Reserve for obsolescence is estimated for excess uncommitted inventory based on historical sales data,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">order backlog and production plans. The Group performs, on a continuous basis, inventory write-offs of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">inventories, which have the characteristics of slow-moving, old production dates and technical</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">obsolescence. The Group evaluates its inventory to identify obsolete or slow-selling items, as well as</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">inventory that is not of saleable quality and records a specific reserve if the Group estimates the inventory</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:124.21pt\">will eventually be written off.</span><span class=\"f charStyle-58d8bcbe ps12746\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.7. Control assessment and consolidation<span id=\"if43a103a40734df984fb552f39329710\"></span></span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">An entity is fully consolidated and considered as a subsidiary when the Group controls the investee,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">which is when the Group has all of the following: (i) power over the investee, (ii) exposure, or rights, to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">variable returns from its involvement with the investee and; (iii) the ability to use its power over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">investee to affect the amount of the investor's returns. In most cases, it is clear that the Group has control</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">through a major equity stake conferring the majority of voting rights, requiring consolidation. Investments</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.85pt\">in subsidiaries are listed in Note 7.6.9.</span><span class=\"f charStyle-58d8bcbe ps12747\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">device manufacturing activities in China. The purpose of the entity is to support the rising demand for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group's SiC devices for car electrification and industrial power and energy applications in China. With the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">creation and future operations of Sanan ST JV, the Group seeks to create a fully integrated vertical value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">chain aiming at serving the Chinese electrification market. Sanan Optoelectronics will build a separate</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">200mm SiC substrate manufacturing facility to fulfill Sanan ST JV's needs. Sanan ST JV will produce SiC</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">devices exclusively for the Group, using the Group's proprietary SiC manufacturing process technology</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and know how and serving as a dedicated foundry to support the Group's demand for Chinese customers.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:336.59pt\">The Group fully consolidates Sanan ST JV, with the recognition of </span><span class=\"f charStyle-58d8bcbe ps12748\" style=\"width:20.01pt\">51%</span><span class=\"f charStyle-58d8bcbe ps12749\" style=\"width:111.3pt\"> noncontrolling interest.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:390.1pt\">Noncontrolling interest amounted to $312 million as of December 31, 2025 compared to </span><span class=\"f charStyle-58d8bcbe ps12750\" style=\"width:53.35pt\">$156\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12751\" style=\"width:24.45pt\"> as of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">December 31, 2024. This increase includes a $156 million contribution from Sanan Optoelectronics to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">Sanan JV's capital increase in 2025. Profit and loss reported by Sanan ST JV for the year ended</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">December 31, 2025 and 2024 were not significant. The carrying amount of Sanan ST JV's main assets</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">and liabilities, together with their classification in the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:387.21pt\">December 31, 2025 and 2024, are separately disclosed in Note 7.6.10 and Note 7.6.22.</span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The total amount for the full build out of the joint venture will also be financed by local government support</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:289.39pt\">and loans or further support from stockholders to the joint venture</span><span class=\"f charStyle-58d8bcbe ps12752\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps14255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial assets and liabilities are included at the price at which the instrument could be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sold in an orderly transaction between market participants at the measurement date. The following</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.3pt\">methods and assumptions were used to estimate fair value:</span><span class=\"f charStyle-58d8bcbe ps14257\" style=\"width:2.77pt\"> </span></div><div class=\"ps14259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">for trade accounts receivable, cash equivalents, short-term deposits, trade accounts payable,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other payables and accrued liabilities, the carrying amounts reflected in the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">statements are reasonable estimates of fair value due to the relatively short period of time</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.63pt\">between the origination of the instruments and their expected realization.</span><span class=\"f charStyle-58d8bcbe ps14262\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other receivables and assets approximate their carrying amounts due either to their short-term</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:317.67pt\">maturities or to the fact that they are recorded at their net present value.</span><span class=\"f charStyle-58d8bcbe ps14264\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:218.3pt\">financial investments (debt and equity securities):</span><span class=\"f charStyle-58d8bcbe ps14265\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">the fair value of quoted debt and equity securities is determined based upon quoted market</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:137.74pt\">prices for identical instruments;</span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.87pt\">the fair value of unquoted equity securities is based on the valuation of the underlying</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:312.19pt\">instruments on a new round of third-party financing or upon liquidation;</span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the fair value of interest-bearing loans and borrowings, including lease liabilities but excluding</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">senior unsecured convertible bonds, is determined by estimating future cash flows on a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">borrowing-by-borrowing basis and discounting these future cash flows using the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:274.39pt\">incremental borrowing rates for similar types of arrangements;</span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">the senior unsecured convertible bonds issued on August 4, 2020, and outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:88.05pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14266\" style=\"width:25.25pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14267\" style=\"width:88.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14268\" style=\"width:230.61pt\">, have been trading on the open market segment on</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the Frankfurt Stock Exchange since issuance. The fair value of these instruments is the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:200.53pt\">observable price of the bonds on that market;</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">the fair value of derivative instruments is determined based upon quoted market prices for similar</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:73.88pt\">instruments; and</span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the bondholders\u2019 conversion option and the issuer\u2019s soft call embedded in the senior unsecured</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">convertible bonds are measured at fair value based on the income approach using Bloomberg\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">option pricing model, which can be assimilated to a Black &amp; Scholes model for pricing stock</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">options. This model has been elected as the best indication of fair value since it maximizes the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:175pt\">use of observable market-based inputs.</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.4pt\">Fair value hierarchy</span><span class=\"f charStyle-a745408e ps1428\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group uses the following hierarchy for determining and disclosing the fair value of financial</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.66pt\">instruments by valuation technique:</span><span class=\"f charStyle-58d8bcbe ps14269\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:371.03pt\">level\u00a01: quoted (unadjusted) prices in active markets for identical assets or liabilities.</span><span class=\"f charStyle-58d8bcbe ps14270\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">level\u00a02: other techniques for which all inputs which have a significant effect on the recorded fair</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:213.67pt\">value are observable, either directly or indirectly.</span><span class=\"f charStyle-58d8bcbe ps14271\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">level\u00a03: techniques which use inputs which have a significant effect on the recorded fair value that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:182.23pt\">are not based on observable market data</span><span class=\"f charStyle-58d8bcbe ps14272\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14273\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">categorization (based on the lowest level input that is significant to the fair value measurement as a</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.76pt\">whole) at the end of each reporting period.</span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-402": {
   "value": "<div class=\"ps2101 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.4. Basis of consolidation <span id=\"i6ece25eaf26647719d0afda4f8187cd3\"></span></span></div><div class=\"ps11203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The consolidated financial statements comprise the financial statements of the Group for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12478\" style=\"width:2.77pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">control and continues to be consolidated until the date that such control ceases. Subsidiaries are all</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">entities over which the Group has control. The Group controls an entity when the Group is exposed to, or</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps11206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">has rights to, variable returns from its involvement with the entity and has the ability to affect those returns</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:434.45pt\">through its power to direct the activities of the entity. If the Group loses control over a subsidiary, it:</span><span class=\"f charStyle-58d8bcbe ps12481\" style=\"width:2.77pt\"> </span></div><div class=\"ps4499 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the assets (including goodwill) and liabilities of the subsidiary;<span class=\"f ps26\"> </span></span></div><div class=\"ps2138 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the amount of any noncontrolling interest; </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the cumulative translation differences recorded in equity; </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of the consideration received; </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of any investment retained; </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">recognizes any surplus or deficit in profit or loss; and</span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">reclassifies the parent\u2019s share of components previously recognized in other comprehensive <span class=\"f ps26\"> </span></span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">income to profit or loss. </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The financial statements of the subsidiaries are prepared for the same reporting period as the parent</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">company, using consistent accounting policies. All intra-group assets and liabilities, equity, income,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:452.18pt\">expenses and cash flows resulting from intra-group transactions are eliminated in full on consolidation.</span><span class=\"f charStyle-58d8bcbe ps12482\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Noncontrolling interest is the share of equity in a subsidiary not attributable, directly or indirectly, to the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">parent company. Noncontrolling interest is presented separately in the consolidated income statement,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">consolidated statement of comprehensive income, consolidated statement of financial position and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.02pt\">consolidated statement of changes in equity respectively.</span><span class=\"f charStyle-58d8bcbe ps12483\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Changes in a parent\u2019s ownership interest in a subsidiary that do not result in a loss of control are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:162.76pt\">accounted for as equity transactions.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12484\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">In assessing control, the Group takes into consideration the design and purpose of the activities of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">investee, the power it exercises over the investee, through voting or other contractual rights, together with</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:430.3pt\">its exposure and rights to variable returns and how its power over the investee affect the amounts</span><span class=\"f charStyle-58d8bcbe ps12485\" style=\"width:2.77pt\">.</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.7. Control assessment and consolidation<span id=\"if43a103a40734df984fb552f39329710\"></span></span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">An entity is fully consolidated and considered as a subsidiary when the Group controls the investee,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">which is when the Group has all of the following: (i) power over the investee, (ii) exposure, or rights, to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">variable returns from its involvement with the investee and; (iii) the ability to use its power over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">investee to affect the amount of the investor's returns. In most cases, it is clear that the Group has control</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">through a major equity stake conferring the majority of voting rights, requiring consolidation. Investments</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.85pt\">in subsidiaries are listed in Note 7.6.9.</span><span class=\"f charStyle-58d8bcbe ps12747\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">device manufacturing activities in China. The purpose of the entity is to support the rising demand for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group's SiC devices for car electrification and industrial power and energy applications in China. With the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">creation and future operations of Sanan ST JV, the Group seeks to create a fully integrated vertical value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">chain aiming at serving the Chinese electrification market. Sanan Optoelectronics will build a separate</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">200mm SiC substrate manufacturing facility to fulfill Sanan ST JV's needs. Sanan ST JV will produce SiC</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">devices exclusively for the Group, using the Group's proprietary SiC manufacturing process technology</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and know how and serving as a dedicated foundry to support the Group's demand for Chinese customers.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:336.59pt\">The Group fully consolidates Sanan ST JV, with the recognition of </span><span class=\"f charStyle-58d8bcbe ps12748\" style=\"width:20.01pt\">51%</span><span class=\"f charStyle-58d8bcbe ps12749\" style=\"width:111.3pt\"> noncontrolling interest.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:390.1pt\">Noncontrolling interest amounted to $312 million as of December 31, 2025 compared to </span><span class=\"f charStyle-58d8bcbe ps12750\" style=\"width:53.35pt\">$156\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12751\" style=\"width:24.45pt\"> as of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">December 31, 2024. This increase includes a $156 million contribution from Sanan Optoelectronics to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">Sanan JV's capital increase in 2025. Profit and loss reported by Sanan ST JV for the year ended</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">December 31, 2025 and 2024 were not significant. The carrying amount of Sanan ST JV's main assets</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">and liabilities, together with their classification in the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:387.21pt\">December 31, 2025 and 2024, are separately disclosed in Note 7.6.10 and Note 7.6.22.</span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The total amount for the full build out of the joint venture will also be financed by local government support</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:289.39pt\">and loans or further support from stockholders to the joint venture</span><span class=\"f charStyle-58d8bcbe ps12752\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-400": {
   "value": "<div class=\"ps2101 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.4. Basis of consolidation <span id=\"i6ece25eaf26647719d0afda4f8187cd3\"></span></span></div><div class=\"ps11203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The consolidated financial statements comprise the financial statements of the Group for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12478\" style=\"width:2.77pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">control and continues to be consolidated until the date that such control ceases. Subsidiaries are all</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps11653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">entities over which the Group has control. The Group controls an entity when the Group is exposed to, or</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps11206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">has rights to, variable returns from its involvement with the entity and has the ability to affect those returns</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:434.45pt\">through its power to direct the activities of the entity. If the Group loses control over a subsidiary, it:</span><span class=\"f charStyle-58d8bcbe ps12481\" style=\"width:2.77pt\"> </span></div><div class=\"ps4499 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the assets (including goodwill) and liabilities of the subsidiary;<span class=\"f ps26\"> </span></span></div><div class=\"ps2138 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the amount of any noncontrolling interest; </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">derecognizes the cumulative translation differences recorded in equity; </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of the consideration received; </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">decognizes the fair value of any investment retained; </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">recognizes any surplus or deficit in profit or loss; and</span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">reclassifies the parent\u2019s share of components previously recognized in other comprehensive <span class=\"f ps26\"> </span></span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">income to profit or loss. </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The financial statements of the subsidiaries are prepared for the same reporting period as the parent</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">company, using consistent accounting policies. All intra-group assets and liabilities, equity, income,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:452.18pt\">expenses and cash flows resulting from intra-group transactions are eliminated in full on consolidation.</span><span class=\"f charStyle-58d8bcbe ps12482\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Noncontrolling interest is the share of equity in a subsidiary not attributable, directly or indirectly, to the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">parent company. Noncontrolling interest is presented separately in the consolidated income statement,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">consolidated statement of comprehensive income, consolidated statement of financial position and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.02pt\">consolidated statement of changes in equity respectively.</span><span class=\"f charStyle-58d8bcbe ps12483\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Changes in a parent\u2019s ownership interest in a subsidiary that do not result in a loss of control are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:162.76pt\">accounted for as equity transactions.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12484\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">In assessing control, the Group takes into consideration the design and purpose of the activities of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">investee, the power it exercises over the investee, through voting or other contractual rights, together with</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:430.3pt\">its exposure and rights to variable returns and how its power over the investee affect the amounts</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-401": {
   "value": "<div class=\"ps2101 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.4. Basis of consolidation <span id=\"i6ece25eaf26647719d0afda4f8187cd3\"></span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Noncontrolling interest is the share of equity in a subsidiary not attributable, directly or indirectly, to the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">parent company. Noncontrolling interest is presented separately in the consolidated income statement,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">consolidated statement of comprehensive income, consolidated statement of financial position and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.02pt\">consolidated statement of changes in equity respectively.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-405": {
   "value": "<div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.5. Changes in accounting policies<span id=\"ia9c89ab7dfd34e93b61d650c72c6734a\"></span></span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The accounting policies adopted are consistent with those followed in the preparation of the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.46pt\">annual financial statements for the year ended </span><span class=\"f charStyle-58d8bcbe ps12486\" style=\"width:87.99pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps11521\" style=\"width:171.42pt\">. The following amended standard was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.89pt\">effective and adopted on January 1, 2025 </span><span class=\"f charStyle-58d8bcbe ps12487\" style=\"width:273.08pt\">with no material effect on the Group\u2019s consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:51.65pt\">statements:</span><span class=\"f charStyle-58d8bcbe ps11756\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Amendments to IAS 21: The Effects of Changes in Foreign Exchange Rates: Lack of </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">exchangeability</span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.6. Standards and amendments issued but not yet effective <span id=\"ida1ecbec2aca4823a25bf7e5251b9009\"></span></span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Standards and amended standards issued but not yet effective up to the date of issuance of these</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">consolidated financial statements are listed below. The detailed descriptions of new or amended</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standards and interpretations issued are those that the Group reasonably expects to have an impact on</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">disclosures, financial position or performance when applied at a future date. The Group intends to adopt</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.71pt\">the new or amended guidance when effective.</span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:467.91pt\">Amendments to the Classification and Measurement of Financial instruments (IFRS 9 and IFRS 7):</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the amendments clarify that a financial liability is derecognized on the settlement date, which is when the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">related obligation is discharged or cancelled or expires or the liability otherwise qualifies for derecognition.</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.59pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The amendments also clarify how to assess the contractual cash flow characteristics of financial assets</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">that include environmental, social and governance (ESG)-linked features and other similar contingent</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">features. Additional disclosures are required under IFRS 7 for financial assets and liabilities with</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">contractual terms that reference a contingent event (including those that are ESG-linked), and equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments classified at fair value through other comprehensive income. The amendments also clarify the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">treatment of non-recourse assets and contractually linked instruments. IFRS 9 and IFRS 7, as amended,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">were endorsed by the EU in May 2025. The amendments are effective for annual periods starting January</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">1, 2026. Early adoption is permitted, with an option to early adopt the amendments for contingent features</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">only. The Group will apply the amended guidance when effective and does not expect the amended</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:334.4pt\">guidance to have a material impact on its consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps12489\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:467.99pt\">Amendments to IFRS 9 and IFRS 7 related to Contracts Referencing Nature-dependent Electricity:</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the amendments are aimed to help entities to better report the financial effects of nature-dependent</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">electricity contracts, which are often structured as power purchase agreements (\"PPA\"), in the light of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">increased use of these contracts. The IASB has made targeted amendments to IFRS 9 and IFRS 7,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:67.78pt\">which includes:</span><span class=\"f charStyle-58d8bcbe ps12490\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">clarifying the application of the \"own\" use\" requirements;</span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">permitting hedge accounting if these contracts are used as hedging instruments; and </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">adding new disclosures requirements to enable investors to understand the effect of these </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">contracts on the entity's financial performance and cash flows. </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">IFRS 9 and IFRS 7, as amended, were endorsed by the EU in June 2025. The amendments are effective</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">for annual periods starting January 1, 2026. Early adoption is permitted. The Group will apply the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">amended guidance when effective and does not expect the amended guidance to have a material impact</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.64pt\">on its consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps12491\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:300.44pt\">IFRS 18, Presentation and Disclosure in Financial Statements:</span><span class=\"f charStyle-58d8bcbe ps12492\" style=\"width:167.54pt\"> the IASB issued in April 2024 a new</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standard to enhance\u00a0 comparability and transparency when entities report economic performance. IFRS</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">18 focuses on the statement of profit or loss and introduces key new concepts which relate to: the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">structure of the statement of profit or loss; new disclosures for certain performance measures</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">(management-defined performance measures); enhanced principles on aggregation and disaggregation</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">which apply to the primary financial statements and related notes. IFRS 18 is intended to replace IAS 1,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">while many of IAS 1 principles are retained, with limited changes. IFRS 18 was endorsed by the EU in</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">February 2026. The new standard is effective for annual and interim periods starting January 1, 2027,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">including comparative information. The Group will apply the amended guidance when effective and is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">currently finalizing its assessment of the impact IFRS 18 will have on its consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.72pt\">statements, and more specifically on its consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12493\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The following new standards and amended standards are not expected to have a material impact on the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:295.52pt\">accounting policies, financial position or performance of the Group:</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Translation to a </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">Hyperinflationary Presentation Currency. </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">IFRS 19: Subsidiaries without Public Accountability: Disclosures, including amendments issued in </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">August 2025.</span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Annual improvements Volume 11 (issued on July 18, 2024).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-404": {
   "value": "<div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.5. Changes in accounting policies<span id=\"ia9c89ab7dfd34e93b61d650c72c6734a\"></span></span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The accounting policies adopted are consistent with those followed in the preparation of the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.46pt\">annual financial statements for the year ended </span><span class=\"f charStyle-58d8bcbe ps12486\" style=\"width:87.99pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps11521\" style=\"width:171.42pt\">. The following amended standard was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.89pt\">effective and adopted on January 1, 2025 </span><span class=\"f charStyle-58d8bcbe ps12487\" style=\"width:273.08pt\">with no material effect on the Group\u2019s consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:51.65pt\">statements:</span><span class=\"f charStyle-58d8bcbe ps11756\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Amendments to IAS 21: The Effects of Changes in Foreign Exchange Rates: Lack of </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">exchangeability</span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.6. Standards and amendments issued but not yet effective <span id=\"ida1ecbec2aca4823a25bf7e5251b9009\"></span></span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Standards and amended standards issued but not yet effective up to the date of issuance of these</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">consolidated financial statements are listed below. The detailed descriptions of new or amended</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standards and interpretations issued are those that the Group reasonably expects to have an impact on</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">disclosures, financial position or performance when applied at a future date. The Group intends to adopt</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.71pt\">the new or amended guidance when effective.</span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:467.91pt\">Amendments to the Classification and Measurement of Financial instruments (IFRS 9 and IFRS 7):</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the amendments clarify that a financial liability is derecognized on the settlement date, which is when the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">related obligation is discharged or cancelled or expires or the liability otherwise qualifies for derecognition.</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.59pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The amendments also clarify how to assess the contractual cash flow characteristics of financial assets</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">that include environmental, social and governance (ESG)-linked features and other similar contingent</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">features. Additional disclosures are required under IFRS 7 for financial assets and liabilities with</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">contractual terms that reference a contingent event (including those that are ESG-linked), and equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments classified at fair value through other comprehensive income. The amendments also clarify the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">treatment of non-recourse assets and contractually linked instruments. IFRS 9 and IFRS 7, as amended,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">were endorsed by the EU in May 2025. The amendments are effective for annual periods starting January</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">1, 2026. Early adoption is permitted, with an option to early adopt the amendments for contingent features</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">only. The Group will apply the amended guidance when effective and does not expect the amended</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:334.4pt\">guidance to have a material impact on its consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps12489\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:467.99pt\">Amendments to IFRS 9 and IFRS 7 related to Contracts Referencing Nature-dependent Electricity:</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the amendments are aimed to help entities to better report the financial effects of nature-dependent</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">electricity contracts, which are often structured as power purchase agreements (\"PPA\"), in the light of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">increased use of these contracts. The IASB has made targeted amendments to IFRS 9 and IFRS 7,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:67.78pt\">which includes:</span><span class=\"f charStyle-58d8bcbe ps12490\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">clarifying the application of the \"own\" use\" requirements;</span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">permitting hedge accounting if these contracts are used as hedging instruments; and </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">adding new disclosures requirements to enable investors to understand the effect of these </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">contracts on the entity's financial performance and cash flows. </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">IFRS 9 and IFRS 7, as amended, were endorsed by the EU in June 2025. The amendments are effective</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">for annual periods starting January 1, 2026. Early adoption is permitted. The Group will apply the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">amended guidance when effective and does not expect the amended guidance to have a material impact</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.64pt\">on its consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps12491\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:300.44pt\">IFRS 18, Presentation and Disclosure in Financial Statements:</span><span class=\"f charStyle-58d8bcbe ps12492\" style=\"width:167.54pt\"> the IASB issued in April 2024 a new</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standard to enhance\u00a0 comparability and transparency when entities report economic performance. IFRS</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">18 focuses on the statement of profit or loss and introduces key new concepts which relate to: the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">structure of the statement of profit or loss; new disclosures for certain performance measures</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">(management-defined performance measures); enhanced principles on aggregation and disaggregation</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">which apply to the primary financial statements and related notes. IFRS 18 is intended to replace IAS 1,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">while many of IAS 1 principles are retained, with limited changes. IFRS 18 was endorsed by the EU in</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">February 2026. The new standard is effective for annual and interim periods starting January 1, 2027,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">including comparative information. The Group will apply the amended guidance when effective and is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">currently finalizing its assessment of the impact IFRS 18 will have on its consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.72pt\">statements, and more specifically on its consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12493\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The following new standards and amended standards are not expected to have a material impact on the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:295.52pt\">accounting policies, financial position or performance of the Group:</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Translation to a </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">Hyperinflationary Presentation Currency. </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">IFRS 19: Subsidiaries without Public Accountability: Disclosures, including amendments issued in </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps12488\">August 2025.</span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps6112\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12488\">Annual improvements Volume 11 (issued on July 18, 2024).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-413": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group applies the acquisition method to account for business combinations. The consideration</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">transferred in a business combination (including any deferred and contingent consideration) is measured</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.3pt\">at fair value. Acquisition-related costs are expensed as incurred.</span><span class=\"f charStyle-58d8bcbe ps12495\" style=\"width:2.77pt\"> </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Each identifiable asset and liability are, with limited exceptions as set forth in the purchase accounting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">method, measured initially at the acquisition-date fair value. Only components of noncontrolling interest</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that constitute a present ownership interest and entitle their holder to a proportionate share of the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">net assets in the event of liquidation are measured at either fair value or at the present ownership</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">interests\u2019 proportionate share of the acquiree\u2019s net identifiable assets. All other components of</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:313.85pt\">noncontrolling interest are measured at their acquisition date fair value.</span><span class=\"f charStyle-58d8bcbe ps12499\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:264.78pt\">Goodwill arises when there is a positive difference between:</span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the aggregate of consideration transferred, any noncontrolling interest in the acquiree and, in a </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">business combination achieved in stages, the acquisition-date fair value of the acquirer\u2019s </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">previously held equity interest in the acquiree; and <span class=\"f ps26\"> </span></span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the fair value of the net identifiable assets acquired.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Goodwill is initially recorded at cost. If the acquirer has made a gain from a bargain purchase, that gain is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.44pt\">recognized in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12500\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-406": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group applies the acquisition method to account for business combinations. The consideration</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">transferred in a business combination (including any deferred and contingent consideration) is measured</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.3pt\">at fair value. Acquisition-related costs are expensed as incurred.</span><span class=\"f charStyle-58d8bcbe ps12495\" style=\"width:2.77pt\"> </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Each identifiable asset and liability are, with limited exceptions as set forth in the purchase accounting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">method, measured initially at the acquisition-date fair value. Only components of noncontrolling interest</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that constitute a present ownership interest and entitle their holder to a proportionate share of the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">net assets in the event of liquidation are measured at either fair value or at the present ownership</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">interests\u2019 proportionate share of the acquiree\u2019s net identifiable assets. All other components of</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:313.85pt\">noncontrolling interest are measured at their acquisition date fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-412": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:264.78pt\">Goodwill arises when there is a positive difference between:</span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the aggregate of consideration transferred, any noncontrolling interest in the acquiree and, in a </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">business combination achieved in stages, the acquisition-date fair value of the acquirer\u2019s </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">previously held equity interest in the acquiree; and <span class=\"f ps26\"> </span></span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the fair value of the net identifiable assets acquired.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Goodwill is initially recorded at cost. If the acquirer has made a gain from a bargain purchase, that gain is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.44pt\">recognized in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12500\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-411": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">appropriate, at the end of each reporting period. The Group also evaluates in each period whether there</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps8017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">impairment indicators exist for making this assessment such as: restructuring plans, significant changes</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">in the technology, market, economic or legal environment in which the Group operates, available</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">which there are separately identifiable cash flows (cash-generating units). An impairment loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized in the consolidated income statement for the amount by which the carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group based on independent market appraisals and the value in use by applying the income approach.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.77pt\">measuring fair value.</span><span class=\"f charStyle-58d8bcbe ps12591\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.4.\u00a0Impairment of financial assets <span id=\"i4eea1c3d45f34f07abf8a4ec2d9ffaff\"></span></span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group assesses on a forward-looking basis the expected credit losses associated with its debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">whether there has been a significant increase in credit risk. The impairment methodology by category of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.84pt\">financial assets is further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12616\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">For trade receivables, the Group applies the simplified approach required by IFRS 9, which requires</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">expected lifetime credit losses to be recognized from initial recognition of the receivables as further</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.17.</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.3.\u00a0Impairment of non-financial assets <span id=\"i77f63a6fceae40059caae342658ee7b7\"></span></span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">An impairment exists when the carrying value of an asset or a cash generating unit exceeds its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">fair value less costs of disposal calculation is based on observable market prices less incremental costs</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of disposing the asset, in order to measure the price at which the asset could be sold in an orderly</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">transaction between market participants at the measurement date. In case observable market prices are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">not available, fair value less costs of disposal is measured based on data from binding sales transactions</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">in arm\u2019s length transactions of similar assets. Management applies professional judgment when testing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">certain assets or CGUs for impairment and uses critical assumptions when assessing whether impairment</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.04pt\">indicators exist and at which level the impairment test must be conducted.</span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">In 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing footprint by</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">accelerating the wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing its global</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:348.11pt\">cost base. The Group recorded a total impairment charge of $189 million in </span><span class=\"f charStyle-58d8bcbe ps12722\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12723\" style=\"width:97.63pt\"> for its company-wide</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">program, of which $151 million related to the manufacturing reshaping program and reported on the line</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">\"Cost of sales\" in the consolidated income statement for the year ended December 31, 2025 following the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment test ($27 million on buildings, $83 million on facilities and $41 million on equipment to be</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">disposed of upon execution of the manufacturing reshaping program). The impairment charges were not</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.76pt\">allocated to any specific reportable segment.</span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified indeed</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">certain impairment indicators which triggered an impairment test on its manufacturing activities impacted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">by the program, primarily in France and in Italy. The impairment test was conducted at the level of</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">identified CGUs, for 150mm Silicon Carbide activities and 200mm Silicon activities, respectively. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">identified CGUs were tested for impairment on a standalone basis, since management believes they</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">correspond to the smallest identifiable group of assets that generates cash inflows that are largely</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">independent of the cash inflows from other assets or group of assets. Each identified CGU includes</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.85pt\">building, facilities and equipment but does not include goodwill or other category of non-financial assets.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The\u00a0 key-assumptions used to assess value-in-use were based on the most recent forecasted plans of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">each tested CGU. Expected cash flows were discounted at a pre-tax rate of 14%, corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:280.66pt\">pre-tax weighted cost of capital applicable to these activities. </span><span class=\"f charStyle-58d8bcbe ps12724\" style=\"width:187.28pt\">For each identified CGU, the recoverable</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.91pt\">amount was estimated on the basis of fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps12725\" style=\"width:150.94pt\">. Fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">was estimated at $140 million and $201 million, respectively. Fair value was measured based on an</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income approach, which corresponds to a Level 3 measurement hierarchy. This income approach</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">models, from a market participant's perspective, the theoretical income generated from the right of use for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">productive purposes in the semiconductor industry of equipment and fully integrated infrastructures</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">included in the tested CGUs. Refer to Note 7.6.10 for further details on impairment losses on property,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.34pt\">plant and equipment.</span><span class=\"f charStyle-58d8bcbe ps12726\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the current year\u2019s annual impairment test on goodwill, the recoverable amount of the CGUs was</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">determined based on value-in-use calculations which exceeded carrying amount, as further described in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:54.43pt\">Note 7.6.13.</span><span class=\"f charStyle-58d8bcbe ps12727\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Non-financial assets are tested or reviewed for impairment in accordance with accounting policies stated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:417.15pt\">in Notes 7.6.7.1, 7.6.7.10, 7.6.7.11 and 7.6.7.12. In 2025, the Group also recorded a </span><span class=\"f charStyle-58d8bcbe ps12728\" style=\"width:50.85pt\">$20\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">impairment charge on a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.33pt\">longer expected, and a </span><span class=\"f charStyle-58d8bcbe ps12729\" style=\"width:48.75pt\">$18 million</span><span class=\"f charStyle-58d8bcbe ps12730\" style=\"width:310.91pt\"> impairment charge on non-financial assets with no alternative future</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:61.42pt\">use, of which </span><span class=\"f charStyle-58d8bcbe ps12731\" style=\"width:47.89pt\">$10\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12732\" style=\"width:358.55pt\"> following the decision to rationalize certain R&amp;D activities within the scope of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cost base resizing pillar. Management judgment is necessary to estimate future sales and expenses,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">which underlie the discounted future cash flow projections. Factors such as changes in the planned use of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">property, plant and equipment, the closure of facilities, the change in the use or in the market acceptance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of certain new technologies, could result in shortened useful lives or impairment charges to be recognized</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.64pt\">in the period in which such determination is made.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-410": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">appropriate, at the end of each reporting period. The Group also evaluates in each period whether there</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps8017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">impairment indicators exist for making this assessment such as: restructuring plans, significant changes</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">in the technology, market, economic or legal environment in which the Group operates, available</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">which there are separately identifiable cash flows (cash-generating units). An impairment loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized in the consolidated income statement for the amount by which the carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group based on independent market appraisals and the value in use by applying the income approach.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.77pt\">measuring fair value.</span><span class=\"f charStyle-58d8bcbe ps12591\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.3.\u00a0Impairment of non-financial assets <span id=\"i77f63a6fceae40059caae342658ee7b7\"></span></span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">An impairment exists when the carrying value of an asset or a cash generating unit exceeds its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">fair value less costs of disposal calculation is based on observable market prices less incremental costs</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of disposing the asset, in order to measure the price at which the asset could be sold in an orderly</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">transaction between market participants at the measurement date. In case observable market prices are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">not available, fair value less costs of disposal is measured based on data from binding sales transactions</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">in arm\u2019s length transactions of similar assets. Management applies professional judgment when testing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">certain assets or CGUs for impairment and uses critical assumptions when assessing whether impairment</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.04pt\">indicators exist and at which level the impairment test must be conducted.</span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">In 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing footprint by</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">accelerating the wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing its global</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:348.11pt\">cost base. The Group recorded a total impairment charge of $189 million in </span><span class=\"f charStyle-58d8bcbe ps12722\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12723\" style=\"width:97.63pt\"> for its company-wide</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">program, of which $151 million related to the manufacturing reshaping program and reported on the line</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">\"Cost of sales\" in the consolidated income statement for the year ended December 31, 2025 following the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment test ($27 million on buildings, $83 million on facilities and $41 million on equipment to be</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">disposed of upon execution of the manufacturing reshaping program). The impairment charges were not</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.76pt\">allocated to any specific reportable segment.</span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified indeed</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">certain impairment indicators which triggered an impairment test on its manufacturing activities impacted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">by the program, primarily in France and in Italy. The impairment test was conducted at the level of</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">identified CGUs, for 150mm Silicon Carbide activities and 200mm Silicon activities, respectively. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">identified CGUs were tested for impairment on a standalone basis, since management believes they</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">correspond to the smallest identifiable group of assets that generates cash inflows that are largely</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">independent of the cash inflows from other assets or group of assets. Each identified CGU includes</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.85pt\">building, facilities and equipment but does not include goodwill or other category of non-financial assets.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The\u00a0 key-assumptions used to assess value-in-use were based on the most recent forecasted plans of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">each tested CGU. Expected cash flows were discounted at a pre-tax rate of 14%, corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:280.66pt\">pre-tax weighted cost of capital applicable to these activities. </span><span class=\"f charStyle-58d8bcbe ps12724\" style=\"width:187.28pt\">For each identified CGU, the recoverable</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.91pt\">amount was estimated on the basis of fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps12725\" style=\"width:150.94pt\">. Fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">was estimated at $140 million and $201 million, respectively. Fair value was measured based on an</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income approach, which corresponds to a Level 3 measurement hierarchy. This income approach</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">models, from a market participant's perspective, the theoretical income generated from the right of use for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">productive purposes in the semiconductor industry of equipment and fully integrated infrastructures</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">included in the tested CGUs. Refer to Note 7.6.10 for further details on impairment losses on property,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.34pt\">plant and equipment.</span><span class=\"f charStyle-58d8bcbe ps12726\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the current year\u2019s annual impairment test on goodwill, the recoverable amount of the CGUs was</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">determined based on value-in-use calculations which exceeded carrying amount, as further described in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:54.43pt\">Note 7.6.13.</span><span class=\"f charStyle-58d8bcbe ps12727\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Non-financial assets are tested or reviewed for impairment in accordance with accounting policies stated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:417.15pt\">in Notes 7.6.7.1, 7.6.7.10, 7.6.7.11 and 7.6.7.12. In 2025, the Group also recorded a </span><span class=\"f charStyle-58d8bcbe ps12728\" style=\"width:50.85pt\">$20\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">impairment charge on a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.33pt\">longer expected, and a </span><span class=\"f charStyle-58d8bcbe ps12729\" style=\"width:48.75pt\">$18 million</span><span class=\"f charStyle-58d8bcbe ps12730\" style=\"width:310.91pt\"> impairment charge on non-financial assets with no alternative future</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:61.42pt\">use, of which </span><span class=\"f charStyle-58d8bcbe ps12731\" style=\"width:47.89pt\">$10\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12732\" style=\"width:358.55pt\"> following the decision to rationalize certain R&amp;D activities within the scope of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cost base resizing pillar. Management judgment is necessary to estimate future sales and expenses,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">which underlie the discounted future cash flow projections. Factors such as changes in the planned use of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">property, plant and equipment, the closure of facilities, the change in the use or in the market acceptance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of certain new technologies, could result in shortened useful lives or impairment charges to be recognized</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.64pt\">in the period in which such determination is made.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-409": {
   "value": "<div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><span class=\"f charStyle-a745408e ps12494\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.6.\u00a0Current and deferred income tax<span id=\"i85e97a41226841b1aa3c275bfd22d95c\"></span></span><span class=\"f charStyle-a745408e ps12519\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Income tax in the consolidated income statement for the period comprises current and deferred income</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax. Income tax expense represents the income tax expected to be paid related to the current year</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">taxable profit in each tax jurisdiction. Management periodically evaluates positions taken in tax returns</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">with respect to situations in which applicable tax regulation is subject to interpretation. The Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">determines whether it is probable that the taxing authorities will accept an uncertain tax treatment that has</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.82pt\">been taken or is expected to be taken on a tax return and the accounting for income tax is determined</span><span class=\"f charStyle-58d8bcbe ps2926\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">consistently with that tax treatment. If the Group concludes it is not probable that the treatment will be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">accepted, the effect of the uncertainty is reflected in its income tax accounting in the period in which that</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">determination is made. The Group measures the impact of the uncertainty using the method that best</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">predicts the resolution of the uncertainty; either the most likely amount method or the expected value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">method. In most cases, the Group applies the most likely amount method to determine the amount of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">uncertainty to be reflected in the consolidated financial statements, as the assessment generally relies on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:379.42pt\">probabilities of possible outcomes that are either binary or concentrated on one value.</span><span class=\"f charStyle-58d8bcbe ps12520\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">appropriate, at the end of each reporting period. The Group also evaluates in each period whether there</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps8017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">impairment indicators exist for making this assessment such as: restructuring plans, significant changes</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">in the technology, market, economic or legal environment in which the Group operates, available</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">which there are separately identifiable cash flows (cash-generating units). An impairment loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized in the consolidated income statement for the amount by which the carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group based on independent market appraisals and the value in use by applying the income approach.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.77pt\">measuring fair value.</span><span class=\"f charStyle-58d8bcbe ps12591\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The lease liability is initially measured at the present value of the lease payments that are not paid at the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the lease liability and decreased by the lease payments. The interest cost is reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">costs\u201d of the consolidated income statement. The Group has applied judgment to determine the lease</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">term for some lease contracts with renewal options. The assessment of whether the Group is reasonably</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">certain to exercise such options impacts the lease term, which affects the amount of reported lease</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">liabilities and corresponding right-of-use assets. The carrying amount of lease liabilities is remeasured if</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">there is a modification, a change in the lease term, a change in the lease payments or a change in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">assessment of an option to purchase the underlying asset. Variable lease payments based on an index or</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">a rate are initially measured using the index or rate as of the commencement date. Potential future</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">increases in variable lease payments based on an index or rate are not included in the lease liability until</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">they take effect. When adjustments to lease payments based on an index or rate take effect, the lease</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.3pt\">liability is reassessed and adjusted against the right-of-use asset.</span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.8. Critical accounting estimates and judgments<span id=\"i9d151b2169934018bf06fe152652b266\"></span></span><span class=\"f charStyle-a745408e ps12656\"> </span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Estimates and judgments are continually evaluated and are based on historical experience and other</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">factors, including expectations of future events that are believed to be reasonable under current</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">circumstances. The Group operates on a worldwide basis in an economic environment impacted by many</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">risk factors, which generates uncertainties on future economic conditions. These risk factors include, but</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are not limited to, macro-economic factors such as inflationary trends, volatility in exchange rates and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">prices, tariffs and trade tensions, shifting global trade patterns and geopolitical risks and uncertainties</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">from military conflicts, as well as sustainability and climate change specific risks, which may have an</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.66pt\">impact on the Group\u2019s forward-looking growth and financial outlook. The Group operated in </span><span class=\"f charStyle-58d8bcbe ps12657\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12658\" style=\"width:22.05pt\"> with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">solid fundamentals and a strong capital structure. There are no conditions and events which raise</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">substantial doubt about the Group\u2019s ability to continue as a going concern, in light with: its current</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">financial condition, including its liquidity sources; its obligations \u2013 due or anticipated; the funds necessary</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.25pt\">to maintain the Group\u2019s operations; and other conditions and events, if any.</span><span class=\"f charStyle-58d8bcbe ps12659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The uncertainties arisen from these business conditions have been factored, when relevant, in the critical</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">accounting estimates and judgments made in preparing these consolidated financial statements, on the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">basis of all known facts and circumstances and reasonable and supportable forecast of future conditions.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.59pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">These assumptions do not significantly differ from past experience or external sources of information,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">when available and relevant. However, the impact on future economic performance cannot be fully</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:399.8pt\">determined and is closely monitored on an on-going basis by means of different scenarios.</span><span class=\"f charStyle-58d8bcbe ps12660\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Except for the launch of the Group's company-wide program to reshape its manufacturing footprint and</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">reduce its cost base, as further described in Note 7.6.8.3, no other events or changes in circumstances</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.35pt\">indicated in </span><span class=\"f charStyle-58d8bcbe ps12661\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12662\" style=\"width:390.38pt\"> that the carrying amount of major tangible assets, including lease right-of-use assets,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">might not be recoverable or that useful lives might not be appropriate. The Group also reviewed the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">recoverability of its intangible assets, including capitalized development costs. On the latter, the Group</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:245.08pt\">recorded a total impairment charge of $67 million in </span><span class=\"f charStyle-58d8bcbe ps12663\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12664\" style=\"width:200.58pt\">. Refer to Note 7.6.12 for further details on</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.99pt\">amounts capitalized, amortized and impaired during the year.</span><span class=\"f charStyle-58d8bcbe ps12665\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:245.77pt\">There is no major contingency to be reported as of </span><span class=\"f charStyle-58d8bcbe ps12666\" style=\"width:91.73pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps7121\" style=\"width:130.43pt\">. The tax loss carryforwards</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">capitalized as deferred tax assets are deemed recoverable in all major tax jurisdictions. To consider any</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">potentially increased risk of default on accounts receivable, the Group adjusted the expected credit loss</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">assumptions to reflect current conditions, reasonable and supportable forecast of future conditions and</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">how current uncertainties may impact customers\u2019 and other debtors\u2019 future credit quality. This</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">reassessment did not have any material effect on the expected credit loss allowances reported by the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:240.49pt\">Group on its major categories of financial assets as of </span><span class=\"f charStyle-58d8bcbe ps12667\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12668\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12669\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group makes estimates and assumptions concerning the future. The resulting accounting estimates<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">will, by definition, seldom equal the related actual results. Estimates and assumptions that have a</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:175pt\">next financial year are described below.</span><span class=\"f charStyle-58d8bcbe ps1451\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.1.\u00a0Right-of-use assets and lease liabilities <span id=\"i022e44ab9758454db093c5f7f447a7d5\"></span></span></div><div class=\"ps2396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Significant assumptions and judgments may be made in applying the requirements of lease accounting,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.3pt\">such as the exercise of extension or renewal options and the determination of applicable discount rates.</span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group determines the lease term as the non-cancellable term of the lease, together with any periods</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:356.02pt\">by an option to terminate the lease, if it is reasonably certain not to be exercised.</span><span class=\"f charStyle-58d8bcbe ps6548\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group has elected not to recognize right-of-use assets and lease liabilities for some leases of low-</span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">value and for leases which term ends within 12 months with no purchase option at the date of initial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">application (primarily for certain office and IT small equipment). The Group leases land, buildings, cars</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">and certain equipment (including IT equipment) which have remaining lease terms between less than one</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year and 65 years. Certain lease contracts contain options to extend the leases by up to 30 years. The<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group applies judgment in evaluating if and when it is reasonably certain for the Group to exercise that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">option. In addition, the Group made an accounting policy election for all the asset classes to not account</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">for short-term leases, as described in Note 7.6.7.12. The Group considers all relevant factors that create</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">an economic incentive to exercise any existing option to extend or renew a lease arrangement. After the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">commencement date, the Group reassesses the lease term if there is a significant event or change in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">circumstances that is within its control and affects its ability to exercise or not exercise the option. In most</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">cases, the Group has included the extension or renewal option as part of the lease term of plants,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">buildings and equipment when the controlled use of the leased assets is significant and critical to its</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">operations. These leases generally include a non-cancellable period and there will be a significant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">negative effect on the normal course of the Group\u2019s business, should a replacement not be readily<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:42.23pt\">available.</span><span class=\"f charStyle-58d8bcbe ps5005\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">In calculating the present value of lease payments, the rate implicit in the lease should be used whenever</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">that rate is readily determinable. In most cases, this rate is not readily determinable and the Group uses</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">its incremental borrowing rate, which is derived from information available at the lease commencement</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">date. The Group gives consideration to its recent debt issuance as well as publicly available data for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">instruments with similar characteristics when calculating its incremental borrowing rates. Due to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">immateriality of any intra-quarter discount rate changes, the Group determines the discount rate based on</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.76pt\">the mid-quarter date.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:196.08pt\">Lease term and discount rate are as follows:</span></div><div class=\"ps12677 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:262.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8584 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4297 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss935\"><div><div class=\"ps5101 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average remaining lease term (in years)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12672 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">8<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12673 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">9<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss937\"><div><div class=\"ps45 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12675 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.47%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12676 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.82%<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.2.\u00a0Income taxes <span id=\"i94ed5e26153d43b088d8b47ff0784cb0\"></span></span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is required to make estimates and judgments in determining income tax for the period,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">comprising current and deferred income tax. The Group needs to assess the income tax expected to be</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">paid or the income tax benefit expected to be received related to the current year earnings in each tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">jurisdiction and recognizes deferred income tax for temporary differences arising between the tax bases</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">of assets and liabilities and their carrying amount in the consolidated financial statements, except when</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the initial recognition exception applies, as described in Note 7.6.7.6. Furthermore, the Group is required</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to assess all material open income tax positions in all tax jurisdictions to determine any uncertain tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.09pt\">positions, and to record a provision for those, if any.</span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group is also required to assess the likelihood of recovery of its deferred tax assets originated by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">net operating losses carried forward. This assessment requires the exercise of judgment with respect to,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">among other things, benefits that could be realized from available tax strategies and future taxable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">income, as well as other positive and negative factors. The ultimate realization of deferred tax assets is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">dependent upon, among other things, the Group\u2019s ability to generate future taxable income that is</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">sufficient to utilize loss carry-forwards or tax credits before their expiration or the Group\u2019s ability to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:244.99pt\">implement prudent and feasible tax planning strategies.</span><span class=\"f charStyle-58d8bcbe ps12678\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.15pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12679\" style=\"width:88.41pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12680\" style=\"width:199.65pt\">, the Group reported deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps12681\" style=\"width:16.68pt\">303</span><span class=\"f charStyle-58d8bcbe ps12682\" style=\"width:37.82pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12683\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12684\" style=\"width:11.41pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12685\" style=\"width:16.68pt\">326</span><span class=\"f charStyle-58d8bcbe ps2607\" style=\"width:48.94pt\"> million) on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the consolidated statement of financial position. A significant portion of these deferred tax assets was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">recorded in relation to net operating losses incurred in certain tax jurisdictions. These net operating losses</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">may not be realizable before their expiration, unless the Group is capable of identifying favorable tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.1pt\">strategies.</span><span class=\"f charStyle-58d8bcbe ps12686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group could reduce the amount of total deferred tax assets, resulting in a decrease in the total assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and, consequently, in equity, if the estimates of projected future taxable income and benefits from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">available tax strategies are reduced as a result of a change in the assessment or due to other factors, or if</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.88pt\">changes in current tax regulation</span><span class=\"f charStyle-bdf8be45 ps12687\" style=\"width:316.11pt\"><span style=\"background-color:inherit\">s are enacted that impose restrictions on the timing or extent of the</span></span><span class=\"f charStyle-bdf8be45 ps1629\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:424.41pt\"><span style=\"background-color:inherit\">Group\u2019s ability to utilize net operating losses and tax credit carry-forwards in the future. In </span></span><span class=\"f charStyle-bdf8be45 ps12688\" style=\"width:22.24pt\"><span style=\"background-color:inherit\">2025</span></span><span class=\"f charStyle-bdf8be45 ps12689\" style=\"width:21.3pt\"><span style=\"background-color:inherit\">, the</span></span><span class=\"f charStyle-bdf8be45 ps1647\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:98.13pt\"><span style=\"background-color:inherit\">Group recorded a $</span></span><span class=\"f charStyle-bdf8be45 ps12690\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">53</span></span><span class=\"f charStyle-bdf8be45 ps12691\" style=\"width:358.65pt\"><span style=\"background-color:inherit\"> million income tax expense resulting from changes in the recognition of</span></span><span class=\"f charStyle-bdf8be45 ps1627\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:20.01pt\"><span style=\"background-color:inherit\">unre</span></span><span class=\"f charStyle-bdf8be45 ps6155\" style=\"width:447.96pt\"><span style=\"background-color:inherit\">cognized tax losses. A change in the tax rates applicable in the various jurisdictions or unfavorable</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:189.19pt\"><span style=\"background-color:inherit\">outcomes of any ongoing tax audits coul</span></span><span class=\"f charStyle-58d8bcbe ps12692\" style=\"width:278.74pt\">d have a material impact on the future tax provisions in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.57pt\">periods in which these changes could occur.</span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Pillar II legislation has been enacted in certain jurisdictions in which the Group operates (the Netherlands,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">the majority of the European Countries and Switzerland). The legislation is effective for the Group's</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.29pt\">financial year beginning January 1, 2024. The Group is in the scope of the Pillar II legislation.</span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.1pt\">The assessment of the </span><span class=\"f charStyle-58d8bcbe ps12694\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12695\" style=\"width:337.51pt\"> exposure to Pillar II income taxes is based on the most recent tax filings,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.67pt\"> draft country-by-country reporting prepared based on the US GAAP financial statements for the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">constituent entities in the Group. Based on the assessment, the Pillar II effective tax rates in most of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">jurisdictions are above 15%. However, there is a limited number of jurisdictions where the transitional safe</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">harbour relief does not apply and the Pillar II effective tax rate is slightly below 15%. Therefore, the Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:255.13pt\">has recorded a tax exposure to Pillar II income taxes of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12696\" style=\"width:42.7pt\">$2\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12697\" style=\"width:6.58pt\"> (</span><span class=\"f charStyle-58d8bcbe ps12698\" style=\"width:42.7pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12699\" style=\"width:28.64pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12700\" style=\"width:88.75pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12701\" style=\"width:3.33pt\">)</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in those jurisdictions. The Group is continuously monitoring the Pillar II legislation and related guidance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:439.02pt\">which are still evolving and may have an impact on the Group's Pillar II tax charge in future periods.<span class=\"f ps26\"> </span></span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group operates in many jurisdictions with highly complex and varied tax regimes. Management</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">applies professional judgment in assessing whether relevant tax authorities will accept reported tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">treatments under tax law. Those uncertainties may arise when tax laws are not clear or not consistently</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">understood, which generates ambiguity in the tax law interpretations and application. Those uncertainties</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are particularly present in tax jurisdictions or tax regimes where the expected amount to be paid or the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">expected tax benefit to be recognized arise from complex, lengthy and technical negotiations or require</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.64pt\">possible settlements involving a high degree of subjectivity and discretion.</span><span class=\"f charStyle-58d8bcbe ps12702\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Assumptions and estimates used in the assessment of uncertainties over income tax treatments include,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">but are not limited to: whether certain income tax treatments are considered jointly or separately when</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">assessing their degree of uncertainty; the assumptions the Group makes about the examination of tax</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">treatments by taxing authorities; how the Group determines taxable profits, deductions taken on tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">returns, unused tax losses, unused tax credits, applicable tax rates, the probability of acceptance of these</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income tax treatments by the relevant taxing authorities or on the contrary to what extent the income tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">treatments as applied by the Group may be disallowed, including the outcome of unresolved disputes or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">settlements on existing tax audits; and consideration of changes in facts and circumstances requiring a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:238.34pt\">reassessment of applied judgments and assumptions.</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.67pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12704\" style=\"width:90.93pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12705\" style=\"width:25.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12475\" style=\"width:90.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12706\" style=\"width:232.07pt\">, the Group reported unrecognized tax benefits for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.8pt\">uncertain tax treatments totaling $</span><span class=\"f charStyle-58d8bcbe ps12707\" style=\"width:16.68pt\">142</span><span class=\"f charStyle-58d8bcbe ps12708\" style=\"width:59.09pt\"> million and $</span><span class=\"f charStyle-58d8bcbe ps12709\" style=\"width:11.12pt\">42</span><span class=\"f charStyle-58d8bcbe ps12710\" style=\"width:230.27pt\"> million, respectively. $75 million has been classified</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:276.06pt\">as a reduction of the deferred tax assets ($19 million as of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12711\" style=\"width:89.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:101.94pt\">). Additionally, accrued</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.07pt\">interest and penalties amounted to\u00a0 $</span><span class=\"f charStyle-58d8bcbe ps5636\" style=\"width:42.66pt\">23\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12713\" style=\"width:28.52pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12714\" style=\"width:88.67pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12715\" style=\"width:77.72pt\"> ($6\u00a0million as of </span><span class=\"f charStyle-58d8bcbe ps12716\" style=\"width:63.22pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:73.02pt\">) are classified </span><span class=\"f charStyle-58d8bcbe ps12717\" style=\"width:136.36pt\">as other non-current liabilities</span><span class=\"f charStyle-58d8bcbe ps2320\" style=\"width:236.37pt\">. The tax years that remain open for review in the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:212.54pt\">Group\u2019s major tax jurisdictions are from 1997 to </span><span class=\"f charStyle-58d8bcbe ps12718\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12719\" style=\"width:2.77pt\">.</span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.45pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12720\" style=\"width:89.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12721\" style=\"width:350.71pt\">, the Group is under audit in certain countries with respect to transfer pricing.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Uncertain tax positions have been recognized and measured in accordance with IFRIC 23 provisions,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">based on the Group\u2019s assessment of the technical merits of its transfer pricing policies and the likelihood</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of sustainment upon examination. Notwithstanding an increasing level of scrutiny that has resulted in tax</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">reassessments received in certain jurisdictions, the Group remains confident that its transfer pricing</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">methodology is appropriate and consistent with applicable tax rules and OECD principles, and that it is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:368.84pt\">probable that the positions taken will be sustained upon resolution of these matters.</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.3.\u00a0Impairment of non-financial assets <span id=\"i77f63a6fceae40059caae342658ee7b7\"></span></span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">An impairment exists when the carrying value of an asset or a cash generating unit exceeds its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">fair value less costs of disposal calculation is based on observable market prices less incremental costs</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of disposing the asset, in order to measure the price at which the asset could be sold in an orderly</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">transaction between market participants at the measurement date. In case observable market prices are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">not available, fair value less costs of disposal is measured based on data from binding sales transactions</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">in arm\u2019s length transactions of similar assets. Management applies professional judgment when testing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">certain assets or CGUs for impairment and uses critical assumptions when assessing whether impairment</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.04pt\">indicators exist and at which level the impairment test must be conducted.</span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">In 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing footprint by</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">accelerating the wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing its global</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:348.11pt\">cost base. The Group recorded a total impairment charge of $189 million in </span><span class=\"f charStyle-58d8bcbe ps12722\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12723\" style=\"width:97.63pt\"> for its company-wide</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">program, of which $151 million related to the manufacturing reshaping program and reported on the line</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">\"Cost of sales\" in the consolidated income statement for the year ended December 31, 2025 following the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment test ($27 million on buildings, $83 million on facilities and $41 million on equipment to be</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">disposed of upon execution of the manufacturing reshaping program). The impairment charges were not</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.76pt\">allocated to any specific reportable segment.</span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified indeed</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">certain impairment indicators which triggered an impairment test on its manufacturing activities impacted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">by the program, primarily in France and in Italy. The impairment test was conducted at the level of</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">identified CGUs, for 150mm Silicon Carbide activities and 200mm Silicon activities, respectively. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">identified CGUs were tested for impairment on a standalone basis, since management believes they</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">correspond to the smallest identifiable group of assets that generates cash inflows that are largely</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">independent of the cash inflows from other assets or group of assets. Each identified CGU includes</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.85pt\">building, facilities and equipment but does not include goodwill or other category of non-financial assets.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The\u00a0 key-assumptions used to assess value-in-use were based on the most recent forecasted plans of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">each tested CGU. Expected cash flows were discounted at a pre-tax rate of 14%, corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:280.66pt\">pre-tax weighted cost of capital applicable to these activities. </span><span class=\"f charStyle-58d8bcbe ps12724\" style=\"width:187.28pt\">For each identified CGU, the recoverable</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.91pt\">amount was estimated on the basis of fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps12725\" style=\"width:150.94pt\">. Fair value less costs of disposal</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">was estimated at $140 million and $201 million, respectively. Fair value was measured based on an</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income approach, which corresponds to a Level 3 measurement hierarchy. This income approach</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">models, from a market participant's perspective, the theoretical income generated from the right of use for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">productive purposes in the semiconductor industry of equipment and fully integrated infrastructures</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">included in the tested CGUs. Refer to Note 7.6.10 for further details on impairment losses on property,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.34pt\">plant and equipment.</span><span class=\"f charStyle-58d8bcbe ps12726\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the current year\u2019s annual impairment test on goodwill, the recoverable amount of the CGUs was</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">determined based on value-in-use calculations which exceeded carrying amount, as further described in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:54.43pt\">Note 7.6.13.</span><span class=\"f charStyle-58d8bcbe ps12727\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Non-financial assets are tested or reviewed for impairment in accordance with accounting policies stated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:417.15pt\">in Notes 7.6.7.1, 7.6.7.10, 7.6.7.11 and 7.6.7.12. In 2025, the Group also recorded a </span><span class=\"f charStyle-58d8bcbe ps12728\" style=\"width:50.85pt\">$20\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">impairment charge on a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.33pt\">longer expected, and a </span><span class=\"f charStyle-58d8bcbe ps12729\" style=\"width:48.75pt\">$18 million</span><span class=\"f charStyle-58d8bcbe ps12730\" style=\"width:310.91pt\"> impairment charge on non-financial assets with no alternative future</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:61.42pt\">use, of which </span><span class=\"f charStyle-58d8bcbe ps12731\" style=\"width:47.89pt\">$10\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12732\" style=\"width:358.55pt\"> following the decision to rationalize certain R&amp;D activities within the scope of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cost base resizing pillar. Management judgment is necessary to estimate future sales and expenses,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">which underlie the discounted future cash flow projections. Factors such as changes in the planned use of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">property, plant and equipment, the closure of facilities, the change in the use or in the market acceptance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of certain new technologies, could result in shortened useful lives or impairment charges to be recognized</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.64pt\">in the period in which such determination is made.</span><span class=\"f charStyle-58d8bcbe ps12733\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.4.\u00a0Pension obligations <span id=\"i15d478e9a1bd4beaba7c165d736b0d93\"></span></span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group sponsors various pension schemes for its employees. The expense incurred under the defined</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">benefit pension plans is based upon statistical and actuarial calculations and is impacted by assumptions</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">on discount rates used to reach the present value of future pension liabilities, expected return that will be</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">made on existing pension assets, future salary increases as well as future pension increases and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statistical-based assumptions covering future withdrawals of participants from the plan and estimates of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.65pt\">life expectancy. Refer to Note 7.6.23.</span><span class=\"f charStyle-58d8bcbe ps1010\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The actuarial assumptions used may differ materially from actual results due to changes in market and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">economic conditions, higher or lower withdrawal rates or longer or shorter life spans of participants and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">may significantly impact the amount of pension costs and pension liabilities to be recognized in the period</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.87pt\">in which such determination is made.</span><span class=\"f charStyle-58d8bcbe ps956\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.5.\u00a0Capitalized development costs <span id=\"i38490b8c2da84915a84ab38b2b042841\"></span></span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and technological feasibility are confirmed, usually when a product or technology has reached a certain</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">maturity level in product life cycle model used by the Group. In determining the projects to be capitalized,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">management makes assumptions regarding the expected future cash generation of the project and the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.82pt\">expected period of benefits. As of </span><span class=\"f charStyle-58d8bcbe ps12734\" style=\"width:89.89pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12735\" style=\"width:221.28pt\">, the carrying amount of capitalized development</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:59.47pt\">costs was $</span><span class=\"f charStyle-58d8bcbe ps12736\" style=\"width:25.01pt\">1,272</span><span class=\"f charStyle-58d8bcbe ps12737\" style=\"width:44.46pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12738\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12739\" style=\"width:14.73pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:25.01pt\">1,170</span><span class=\"f charStyle-58d8bcbe ps12740\" style=\"width:277.03pt\">\u00a0million). Refer to Note 7.6.12 for disclosure of amounts</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.77pt\">capitalized, amortized and impaired during the period.</span><span class=\"f charStyle-58d8bcbe ps12741\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.6.\u00a0Inventory obsolescence reserves and normal manufacturing capacity <span id=\"i1b1c6168776449ffa27ad0b7def24431\"></span></span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps7715\">thresholds </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Inventory is stated at the lower of cost or net realizable value. Actual cost is based on an adjusted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standard cost which approximates cost on a first-in, first-out basis for all categories of inventory (raw</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">manufacturing performance and is based on the normal utilization of its production capacity. In case of</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">underutilization of manufacturing facilities, the costs associated with unused capacity are not included in</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.58pt\">the valuation of inventories but charged directly to cost of sales. For the year ended </span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:88.53pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12743\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the unused capacity charges amounted to $416 million compared to $370 million for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.23pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12744\" style=\"width:379.68pt\">. Net realizable value is the estimated selling price in the ordinary course of business,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:381.59pt\">less predictable costs of completion, disposal and transportation. Refer to Note 7.6.16.</span><span class=\"f charStyle-58d8bcbe ps12745\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Reserve for obsolescence is estimated for excess uncommitted inventory based on historical sales data,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">order backlog and production plans. The Group performs, on a continuous basis, inventory write-offs of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">inventories, which have the characteristics of slow-moving, old production dates and technical</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">obsolescence. The Group evaluates its inventory to identify obsolete or slow-selling items, as well as</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">inventory that is not of saleable quality and records a specific reserve if the Group estimates the inventory</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:124.21pt\">will eventually be written off.</span><span class=\"f charStyle-58d8bcbe ps12746\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.7. Control assessment and consolidation<span id=\"if43a103a40734df984fb552f39329710\"></span></span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">An entity is fully consolidated and considered as a subsidiary when the Group controls the investee,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">which is when the Group has all of the following: (i) power over the investee, (ii) exposure, or rights, to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">variable returns from its involvement with the investee and; (iii) the ability to use its power over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">investee to affect the amount of the investor's returns. In most cases, it is clear that the Group has control</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">through a major equity stake conferring the majority of voting rights, requiring consolidation. Investments</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.85pt\">in subsidiaries are listed in Note 7.6.9.</span><span class=\"f charStyle-58d8bcbe ps12747\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">device manufacturing activities in China. The purpose of the entity is to support the rising demand for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group's SiC devices for car electrification and industrial power and energy applications in China. With the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">creation and future operations of Sanan ST JV, the Group seeks to create a fully integrated vertical value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">chain aiming at serving the Chinese electrification market. Sanan Optoelectronics will build a separate</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">200mm SiC substrate manufacturing facility to fulfill Sanan ST JV's needs. Sanan ST JV will produce SiC</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">devices exclusively for the Group, using the Group's proprietary SiC manufacturing process technology</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and know how and serving as a dedicated foundry to support the Group's demand for Chinese customers.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:336.59pt\">The Group fully consolidates Sanan ST JV, with the recognition of </span><span class=\"f charStyle-58d8bcbe ps12748\" style=\"width:20.01pt\">51%</span><span class=\"f charStyle-58d8bcbe ps12749\" style=\"width:111.3pt\"> noncontrolling interest.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:390.1pt\">Noncontrolling interest amounted to $312 million as of December 31, 2025 compared to </span><span class=\"f charStyle-58d8bcbe ps12750\" style=\"width:53.35pt\">$156\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12751\" style=\"width:24.45pt\"> as of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">December 31, 2024. This increase includes a $156 million contribution from Sanan Optoelectronics to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">Sanan JV's capital increase in 2025. Profit and loss reported by Sanan ST JV for the year ended</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">December 31, 2025 and 2024 were not significant. The carrying amount of Sanan ST JV's main assets</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">and liabilities, together with their classification in the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:387.21pt\">December 31, 2025 and 2024, are separately disclosed in Note 7.6.10 and Note 7.6.22.</span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The total amount for the full build out of the joint venture will also be financed by local government support</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:289.39pt\">and loans or further support from stockholders to the joint venture</span><span class=\"f charStyle-58d8bcbe ps12752\" style=\"width:2.77pt\">.</span></div><div class=\"ps13272 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.12. Intangible assets <span id=\"i22ebe4b85a084826b3f4a5755f3a7174\"></span></span></div><div class=\"ps4598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Development costs capitalized on projects that are still in progress and therefore not yet amortized</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.89pt\">amounted to $</span><span class=\"f charStyle-58d8bcbe ps2431\" style=\"width:16.68pt\">901</span><span class=\"f charStyle-58d8bcbe ps13486\" style=\"width:135.53pt\"> million as of December 2025 (</span><span class=\"f charStyle-58d8bcbe ps13487\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:64.98pt\">: $805 million).</span><span class=\"f charStyle-58d8bcbe ps13488\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.45pt\">The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13489\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13490\" style=\"width:61.85pt\"> amounted to </span><span class=\"f charStyle-58d8bcbe ps13491\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13492\" style=\"width:11.12pt\">87</span><span class=\"f charStyle-58d8bcbe ps13493\" style=\"width:216.64pt\">\u00a0million, of which, $67 million recorded in the line</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Cost of sales and $20\u00a0million recorded in the line Research and development expenses on the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">consolidated income statement. Amounts reported in cost of sales correspond to write-offs of capitalized</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development costs related to certain projects that were cancelled. The $20\u00a0million amount recorded in</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">R&amp;D expenses relates to a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.23pt\">longer expected. The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13494\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13495\" style=\"width:70.32pt\"> amounted to $</span><span class=\"f charStyle-58d8bcbe ps13496\" style=\"width:11.12pt\">86</span><span class=\"f charStyle-58d8bcbe ps13497\" style=\"width:129.95pt\">\u00a0million, recorded in costs of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:47.28pt\">sales for $</span><span class=\"f charStyle-58d8bcbe ps1373\" style=\"width:11.12pt\">77</span><span class=\"f charStyle-58d8bcbe ps13498\" style=\"width:409.56pt\">\u00a0million, resulting from write-offs of capitalized development costs related to certain projects</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that were cancelled, and in R&amp;D expenses for $9\u00a0million for certain technologies acquired with no</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:425.87pt\">alternative future use, primarily following the annual impairment test performed in 2024. </span><span class=\"f charStyle-58d8bcbe ps13499\" style=\"width:42.03pt\">The key-</span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">assumptions used for value-in-use calculations are based on the most recent budget of each CGU tested.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Management determined budgeted Gross Margin based on past performance, and its expectations for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.33pt\">market development.</span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.13. Goodwill <span id=\"icabe2f21477c474d8ce04f413a715f19\"></span></span></div><div class=\"ps2748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group tests whether goodwill has suffered any impairment on an annual basis during the second half</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.9pt\">of each year. In the </span><span class=\"f charStyle-58d8bcbe ps2610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13556\" style=\"width:22.68pt\"> and </span><span class=\"f charStyle-58d8bcbe ps13557\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13558\" style=\"width:311.93pt\"> reporting periods, no goodwill impairment was recorded for any of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Group\u2019s CGUs. For the annual impairment test, the key-assumptions used for value-in-use calculations</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">are based on the most recent five-year plan of each CGU tested. The average perpetuity growth rate was</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps13566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.96pt\">1.5% (</span><span class=\"f charStyle-58d8bcbe ps13562\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13563\" style=\"width:183.92pt\">: 1.5%) and discount rate was from 14% (</span><span class=\"f charStyle-58d8bcbe ps13564\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13565\" style=\"width:210.53pt\">: 14%) pre-tax and inferred from the observable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">volatility of share prices for comparable companies in the semiconductor industry. These assumptions</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">have been used, as applicable, for the analysis of each CGU within the operating segments. Management</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determined budgeted Gross Margin based on past performance, and its expectations for the market</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">development. The average yearly growth rates used are consistent with the forecast included in industry<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant CGUs. No</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">reasonably possible change in key assumptions would lead to a significant impairment loss.</span></div><div class=\"ps5731 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.23. Employee benefits <span id=\"if0b6732a7ce84b46a0bab4d3474675f7\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:63.29pt\">Assumptions</span><span class=\"f charStyle-a745408e ps15359\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The weighted average assumptions used in the determination of pension and other long-term obligations</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.87pt\">are as follows:</span><span class=\"f charStyle-58d8bcbe ps15360\" style=\"width:2.77pt\"> </span></div><div class=\"ps15362 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15354 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.97</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15355 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6350 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Inflation rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15356 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.95</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15357 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2293 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Future salary increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15149 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.90</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15150 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.43</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15363 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The discount rate was determined by reference to high quality corporate bond rates applicable to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">respective country of each plan and estimated terms of the defined benefit obligation. As required by IAS</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15365 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">19, and for pension plans with plan assets, the interest income on plan assets is set equal to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:126.12pt\">corresponding discount rate.</span><span class=\"f charStyle-58d8bcbe ps15366\" style=\"width:2.77pt\"> </span></div><div class=\"ps15373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:293.65pt\">The average duration of Defined Benefit Obligations is 11 years in </span><span class=\"f charStyle-58d8bcbe ps15368\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15369\" style=\"width:6.1pt\"> (</span><span class=\"f charStyle-58d8bcbe ps15370\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15371\" style=\"width:49.24pt\">: 11 years).</span><span class=\"f charStyle-58d8bcbe ps15372\" style=\"width:2.77pt\"> </span></div><div class=\"ps15376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:354.22pt\">, an increase of the discount rate of 0.50% would have resulted in a reduction of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps15377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the Defined Benefit Obligations of $60 million and a decrease of the discount rate of 0.50% would have</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">resulted in an increase of the Defined Benefit Obligations by $65 million. An increase of the inflation rate</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of 0.50% would have resulted in an increase of the Defined Benefit Obligations of $9 million and a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">decrease of the inflation rate of 0.50% would have resulted in a decrease of the Defined Benefit</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Obligations of $8 million. An increase of the life expectancy of one year would have resulted in an</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15382 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">increase of the Defined Benefit Obligations of $13 million and a decrease of the life expectancy of one</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps7017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year would have resulted in a decrease of the Defined Benefit Obligations of $13 million. These sensitivity</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">analyses are based on a change in an assumption while holding all other assumptions constant. When</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">method has been applied as when calculating the pension liability recognized within the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:134.41pt\">statement of financial position.</span><span class=\"f charStyle-58d8bcbe ps15384\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Assumptions regarding future mortality experience are set based on advice from published statistics and</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div>experience in each territory.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-407": {
   "value": "<span class=\"f charStyle-a745408e ps1886\">7.6.7.1.\u00a0Business combinations and goodwill<span id=\"i89fd3902fe624d91a5fb9cea2c4b0773\"></span></span><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:264.78pt\">Goodwill arises when there is a positive difference between:</span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the aggregate of consideration transferred, any noncontrolling interest in the acquiree and, in a </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">business combination achieved in stages, the acquisition-date fair value of the acquirer\u2019s </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">previously held equity interest in the acquiree; and <span class=\"f ps26\"> </span></span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the fair value of the net identifiable assets acquired.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Goodwill is initially recorded at cost. If the acquirer has made a gain from a bargain purchase, that gain is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.44pt\">recognized in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12500\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">After initial recognition, goodwill is not subject to amortization but is tested at least annually for</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">acquiree are assigned to those units.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.72pt\">largely independent of the cash inflows from other assets or groups of assets.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12502\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Goodwill impairment tests are undertaken annually or more frequently if events or changes in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">circumstances indicate a potential impairment. The impairment test determines whether the recoverable</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">determining the value in use of a cash-generating unit, the Group usually estimates the expected</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">discounted future cash flows associated with the unit. Significant management judgments and estimates</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">evolution, the market acceptance of certain recent technologies and products, or the relevant cost</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:409.94pt\">average cost of capital and the perpetuity rates used in calculating cash flow terminal values.</span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:21.1pt\">R&amp;D</span><span class=\"f charStyle-58d8bcbe ps12515\" style=\"width:446.83pt\"> expenditures include costs incurred by the Group, the Group\u2019s share of costs incurred by other R&amp;D</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest groups and costs associated with co-development contracts. Research costs are expensed as</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.89pt\">incurred.</span><span class=\"f charStyle-58d8bcbe ps12516\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">improved products controlled by the Group, are recognized as \u201cIntangible assets\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statement of financial position when it is probable that the project will be a success considering its</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">economic profitability and technological feasibility, and costs can be measured reliably, as described in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Note 7.6.7.10. Certain research tax credits are also recognized as a reduction of intangible assets for the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion that can be reliably allocated to development projects. Development expenditures recognized as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">assets are amortized, when ready for their intended use, over their estimated useful lives, not exceeding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">five years (refer to Note 7.6.7.10). Development costs that do not meet the capitalization criteria are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expensed as incurred. Development expenditures recognized as expenses are not recognized as assets</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in a subsequent period. Amortization expense recognized on capitalized development costs in use is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">recorded as \u201cCost of sales\u201d in the consolidated income statement. Amortization expense on technologies</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and licenses purchased by the Group from third parties or acquired in a business combination to facilitate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the Group\u2019s R&amp;D activities is recorded as \u201cResearch and development\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">statement.</span><span class=\"f charStyle-58d8bcbe ps12517\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps10373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Intangible assets acquired separately are recognized at cost in the consolidated statement of financial</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">position and include technologies and licenses purchased from third parties and purchased software. The</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.07pt\">cost of intangible assets acquired in a business combination is the acquisition-date fair value.</span><span class=\"f charStyle-58d8bcbe ps12526\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">improved products controlled by the Group, and internally generated software developed for the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:447.18pt\">internal use are recognized as intangible assets when the Group can demonstrate all of the following:</span><span class=\"f charStyle-58d8bcbe ps12528\" style=\"width:2.77pt\"> </span></div><div class=\"ps5068 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the technical feasibility of completing the item under development so that it will be available for </span></div><div class=\"ps2453 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">use or sale; </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its intention to complete the item under development and ability to use it or sell it; </span></div><div class=\"ps2457 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">how the item under development will generate probable future economic benefits; </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the availability of adequate technical, financial and other resources to complete the development </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">and to use or sell the item under development; and </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its ability to measure reliably the expenditures attributable to the project during its development. </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Refer to Note 8.3.13 for composition of Company\u2019s legal reserves, which includes capitalized</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.78pt\">development costs and internally developed software.</span><span class=\"f charStyle-58d8bcbe ps2838\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Expenditures incurred on development projects that do not meet these criteria and all research activities</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.36pt\">are recognized as expenses when incurred.</span><span class=\"f charStyle-58d8bcbe ps1102\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Development costs are amortized, when the development is complete, on a straight-line basis over the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:265.53pt\">period of their expected benefits, not exceeding three years.</span><span class=\"f charStyle-58d8bcbe ps2057\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Amortization begins when the intangible asset is available for its intended use. Amortization reflects the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">pattern in which the asset\u2019s economic benefits are consumed, which usually consists in applying the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">straight-line method to allocate the cost of the intangible asset over the estimated useful life. The</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization period and the amortization method for an intangible asset with a definite useful life are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.42pt\">reviewed at least at each financial year end.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.85pt\">A summary of the policies applied to the Group\u2019s intangible assets is as follows:</span><span class=\"f charStyle-58d8bcbe ps12529\" style=\"width:2.77pt\"> </span></div><div class=\"ps3815 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:137.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12533 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12530\">Technologies <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12531\">and</span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12532\">licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12536 ss919\"><div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12534\">Purchased <span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12537\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12538\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12540\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12541\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12542\">costs<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss920\"><div><div class=\"ps6208 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Useful lives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12545 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12546 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12547 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12548 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:44.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5119 ss922\"><div><div class=\"ps9567 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Amortization method used<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12552 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps9393\">useful life / 3-10 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12553 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12554 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12556 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps12555\">useful life / 3-5 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9083 ss924\"><div><div class=\"ps11840 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Internally generated or acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12558 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12559 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12562 ss925\"><div><div class=\"ps8550 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12564 ss925\"><div><div class=\"ps8552 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.5.\u00a0Capitalized development costs <span id=\"i38490b8c2da84915a84ab38b2b042841\"></span></span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and technological feasibility are confirmed, usually when a product or technology has reached a certain</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">maturity level in product life cycle model used by the Group. In determining the projects to be capitalized,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">management makes assumptions regarding the expected future cash generation of the project and the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.82pt\">expected period of benefits. As of </span><span class=\"f charStyle-58d8bcbe ps12734\" style=\"width:89.89pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12735\" style=\"width:221.28pt\">, the carrying amount of capitalized development</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:59.47pt\">costs was $</span><span class=\"f charStyle-58d8bcbe ps12736\" style=\"width:25.01pt\">1,272</span><span class=\"f charStyle-58d8bcbe ps12737\" style=\"width:44.46pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12738\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12739\" style=\"width:14.73pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:25.01pt\">1,170</span><span class=\"f charStyle-58d8bcbe ps12740\" style=\"width:277.03pt\">\u00a0million). Refer to Note 7.6.12 for disclosure of amounts</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.77pt\">capitalized, amortized and impaired during the period.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-408": {
   "value": "7.6.7.1.\u00a0Business combinations and goodwill After initial recognition, goodwill is not subject to amortization but is tested at least annually for impairment. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash generating units (\u201cCGU\u201d) that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.   Goodwill impairment tests are undertaken annually or more frequently if events or changes in circumstances indicate a potential impairment. The impairment test determines whether the recoverable amount of each cash-generating unit, which is the higher of its assets\u2019 fair value less costs of disposal and its value in use, is lower than its total carrying amount. If lower, an impairment loss is recognized for the excess of the carrying amount over the recoverable amount. If the impairment loss exceeds the book value of goodwill, allocation is made on a pro rata basis over the remaining assets of the CGU. In determining the value in use of a cash-generating unit, the Group usually estimates the expected discounted future cash flows associated with the unit. Significant management judgments and estimates are used in forecasting the future discounted cash flows, including: the applicable industry\u2019s sales volume forecast and selling price evolution, the cash-generating unit\u2019s market penetration and its revenue evolution, the market acceptance of certain recent technologies and products, or the relevant cost structure. The pre-tax discount rates applied are based on various scenarios incorporating a weighted average cost of capital and the perpetuity rates used in calculating cash flow terminal values.7.6.7.5.\u00a0Research and development An impairment test is performed whenever a triggering event questions the future recoverability, or at least annually, for the capitalized development projects still not in use. A loss is recognized in the consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount.7.6.7.6.\u00a0Current and deferred income tax Income tax in the consolidated income statement for the period comprises current and deferred income tax. Income tax expense represents the income tax expected to be paid related to the current year taxable profit in each tax jurisdiction. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. The Group determines whether it is probable that the taxing authorities will accept an uncertain tax treatment that has been taken or is expected to be taken on a tax return and the accounting for income tax is determined consistently with that tax treatment. If the Group concludes it is not probable that the treatment will be accepted, the effect of the uncertainty is reflected in its income tax accounting in the period in which that determination is made. The Group measures the impact of the uncertainty using the method that best predicts the resolution of the uncertainty; either the most likely amount method or the expected value method. In most cases, the Group applies the most likely amount method to determine the amount of uncertainty to be reflected in the consolidated financial statements, as the assessment generally relies on probabilities of possible outcomes that are either binary or concentrated on one value. 7.6.7.10.\u00a0Intangible assets with definite useful lives Intangible assets not ready for use, such as some capitalized development expenditures, are tested annually for impairment. The carrying value of intangible assets with definite useful lives and subject to amortization is assessed for impairment at the level of a CGU whenever there is an indication that intangible assets may be impaired. An impairment loss is recognized in the consolidated income statement for the amount by which the carrying amount exceeds the recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In determining recoverability, the Group usually estimates the value in use based on the projected discounted future cash flows associated with the intangible assets. The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting date. 7.6.7.11.\u00a0Property, plant and equipment The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if appropriate, at the end of each reporting period. The Group also evaluates in each period whether there is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several impairment indicators exist for making this assessment such as: restructuring plans, significant changes in the technology, market, economic or legal environment in which the Group operates, available evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). An impairment loss is recognized in the consolidated income statement for the amount by which the carrying amount of the asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the Group based on independent market appraisals and the value in use by applying the income approach. The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when measuring fair value. 7.6.7.12.\u00a0Leases The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income statement according to the intended use of the leased asset. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost of the lease liability and decreased by the lease payments. The interest cost is reported in the line \u201cFinance costs\u201d of the consolidated income statement. The Group has applied judgment to determine the lease term for some lease contracts with renewal options. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which affects the amount of reported lease liabilities and corresponding right-of-use assets. The carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments or a change in the assessment of an option to purchase the underlying asset. Variable lease payments based on an index or a rate are initially measured using the index or rate as of the commencement date. Potential future increases in variable lease payments based on an index or rate are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.7.6.8. Critical accounting estimates and judgments Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under current circumstances. The Group operates on a worldwide basis in an economic environment impacted by many risk factors, which generates uncertainties on future economic conditions. These risk factors include, but are not limited to, macro-economic factors such as inflationary trends, volatility in exchange rates and prices, tariffs and trade tensions, shifting global trade patterns and geopolitical risks and uncertainties from military conflicts, as well as sustainability and climate change specific risks, which may have an\u00a0 impact on the Group\u2019s forward-looking growth and financial outlook. The Group operated in 2025 with solid fundamentals and a strong capital structure. There are no conditions and events which raise substantial doubt about the Group\u2019s ability to continue as a going concern, in light with: its current financial condition, including its liquidity sources; its obligations \u2013 due or anticipated; the funds necessary to maintain the Group\u2019s operations; and other conditions and events, if any. The uncertainties arisen from these business conditions have been factored, when relevant, in the critical accounting estimates and judgments made in preparing these consolidated financial statements, on the   basis of all known facts and circumstances and reasonable and supportable forecast of future conditions. These assumptions do not significantly differ from past experience or external sources of information, when available and relevant. However, the impact on future economic performance cannot be fully determined and is closely monitored on an on-going basis by means of different scenarios. Except for the launch of the Group's company-wide program to reshape its manufacturing footprint and reduce its cost base, as further described in Note 7.6.8.3, no other events or changes in circumstances indicated in 2025 that the carrying amount of major tangible assets, including lease right-of-use assets, might not be recoverable or that useful lives might not be appropriate. The Group also reviewed the   recoverability of its intangible assets, including capitalized development costs. On the latter, the Group recorded a total impairment charge of $67 million in 2025 . Refer to Note 7.6.12 for further details on amounts capitalized, amortized and impaired during the year. There is no major contingency to be reported as of December\u00a031, 2025 . The tax loss carryforwards capitalized as deferred tax assets are deemed recoverable in all major tax jurisdictions. To consider any potentially increased risk of default on accounts receivable, the Group adjusted the expected credit loss assumptions to reflect current conditions, reasonable and supportable forecast of future conditions and how current uncertainties may impact customers\u2019 and other debtors\u2019 future credit quality. This reassessment did not have any material effect on the expected credit loss allowances reported by the Group on its major categories of financial assets as of December\u00a031, 2025. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates   will, by definition, seldom equal the related actual results. Estimates and assumptions that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are described below. 7.6.8.1.\u00a0Right-of-use assets and lease liabilities Significant assumptions and judgments may be made in applying the requirements of lease accounting, such as the exercise of extension or renewal options and the determination of applicable discount rates.The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Group has elected not to recognize right-of-use assets and lease liabilities for some leases of low-value and for leases which term ends within 12 months with no purchase option at the date of initial application (primarily for certain office and IT small equipment). The Group leases land, buildings, cars and certain equipment (including IT equipment) which have remaining lease terms between less than one year and 65 years. Certain lease contracts contain options to extend the leases by up to 30 years. The   Group applies judgment in evaluating if and when it is reasonably certain for the Group to exercise that option. In addition, the Group made an accounting policy election for all the asset classes to not account for short-term leases, as described in Note 7.6.7.12. The Group considers all relevant factors that create an economic incentive to exercise any existing option to extend or renew a lease arrangement. After the commencement date, the Group reassesses the lease term if there is a significant event or change in   circumstances that is within its control and affects its ability to exercise or not exercise the option. In most cases, the Group has included the extension or renewal option as part of the lease term of plants, buildings and equipment when the controlled use of the leased assets is significant and critical to its operations. These leases generally include a non-cancellable period and there will be a significant negative effect on the normal course of the Group\u2019s business, should a replacement not be readily   available. In calculating the present value of lease payments, the rate implicit in the lease should be used whenever that rate is readily determinable. In most cases, this rate is not readily determinable and the Group uses its incremental borrowing rate, which is derived from information available at the lease commencement date. The Group gives consideration to its recent debt issuance as well as publicly available data for instruments with similar characteristics when calculating its incremental borrowing rates. Due to immateriality of any intra-quarter discount rate changes, the Group determines the discount rate based on the mid-quarter date.Lease term and discount rate are as follows:As of December\u00a031, 2025 As of December\u00a031, 2024 Weighted average remaining lease term (in years) 8 9 Weighted average discount rate 3.47% 3.82% 7.6.8.2.\u00a0Income taxes The Group is required to make estimates and judgments in determining income tax for the period, comprising current and deferred income tax. The Group needs to assess the income tax expected to be paid or the income tax benefit expected to be received related to the current year earnings in each tax jurisdiction and recognizes deferred income tax for temporary differences arising between the tax bases of assets and liabilities and their carrying amount in the consolidated financial statements, except when the initial recognition exception applies, as described in Note 7.6.7.6. Furthermore, the Group is required to assess all material open income tax positions in all tax jurisdictions to determine any uncertain tax positions, and to record a provision for those, if any.The Group is also required to assess the likelihood of recovery of its deferred tax assets originated by the net operating losses carried forward. This assessment requires the exercise of judgment with respect to, among other things, benefits that could be realized from available tax strategies and future taxable income, as well as other positive and negative factors. The ultimate realization of deferred tax assets is dependent upon, among other things, the Group\u2019s ability to generate future taxable income that is sufficient to utilize loss carry-forwards or tax credits before their expiration or the Group\u2019s ability to implement prudent and feasible tax planning strategies. As of December\u00a031, 2025, the Group reported deferred tax assets of $303 million (2024: $326 million) on the consolidated statement of financial position. A significant portion of these deferred tax assets was recorded in relation to net operating losses incurred in certain tax jurisdictions. These net operating losses may not be realizable before their expiration, unless the Group is capable of identifying favorable tax strategies. The Group could reduce the amount of total deferred tax assets, resulting in a decrease in the total assets and, consequently, in equity, if the estimates of projected future taxable income and benefits from available tax strategies are reduced as a result of a change in the assessment or due to other factors, or if changes in current tax regulations are enacted that impose restrictions on the timing or extent of the Group\u2019s ability to utilize net operating losses and tax credit carry-forwards in the future. In 2025, the Group recorded a $53 million income tax expense resulting from changes in the recognition of unrecognized tax losses. A change in the tax rates applicable in the various jurisdictions or unfavorable outcomes of any ongoing tax audits could have a material impact on the future tax provisions in the periods in which these changes could occur. Pillar II legislation has been enacted in certain jurisdictions in which the Group operates (the Netherlands, the majority of the European Countries and Switzerland). The legislation is effective for the Group's financial year beginning January 1, 2024. The Group is in the scope of the Pillar II legislation.The assessment of the 2025 exposure to Pillar II income taxes is based on the most recent tax filings, 2025 draft country-by-country reporting prepared based on the US GAAP financial statements for the constituent entities in the Group. Based on the assessment, the Pillar II effective tax rates in most of the jurisdictions are above 15%. However, there is a limited number of jurisdictions where the transitional safe harbour relief does not apply and the Pillar II effective tax rate is slightly below 15%. Therefore, the Group has recorded a tax exposure to Pillar II income taxes of\u00a0 $2\u00a0million ($9\u00a0million as of December\u00a031, 2024) in those jurisdictions. The Group is continuously monitoring the Pillar II legislation and related guidance which are still evolving and may have an impact on the Group's Pillar II tax charge in future periods. The Group operates in many jurisdictions with highly complex and varied tax regimes. Management applies professional judgment in assessing whether relevant tax authorities will accept reported tax treatments under tax law. Those uncertainties may arise when tax laws are not clear or not consistently understood, which generates ambiguity in the tax law interpretations and application. Those uncertainties are particularly present in tax jurisdictions or tax regimes where the expected amount to be paid or the expected tax benefit to be recognized arise from complex, lengthy and technical negotiations or require possible settlements involving a high degree of subjectivity and discretion. Assumptions and estimates used in the assessment of uncertainties over income tax treatments include, but are not limited to: whether certain income tax treatments are considered jointly or separately when assessing their degree of uncertainty; the assumptions the Group makes about the examination of tax treatments by taxing authorities; how the Group determines taxable profits, deductions taken on tax returns, unused tax losses, unused tax credits, applicable tax rates, the probability of acceptance of these income tax treatments by the relevant taxing authorities or on the contrary to what extent the income tax treatments as applied by the Group may be disallowed, including the outcome of unresolved disputes or settlements on existing tax audits; and consideration of changes in facts and circumstances requiring a reassessment of applied judgments and assumptions. As of December\u00a031, 2025 and December\u00a031, 2024, the Group reported unrecognized tax benefits for uncertain tax treatments totaling $142 million and $42 million, respectively. $75 million has been classified as a reduction of the deferred tax assets ($19 million as of\u00a0 December\u00a031, 2024). Additionally, accrued interest and penalties amounted to\u00a0 $23\u00a0million as of December\u00a031, 2025 ($6\u00a0million as of December\u00a031, 2024) are classified as other non-current liabilities. The tax years that remain open for review in the Group\u2019s major tax jurisdictions are from 1997 to 2025.As of December\u00a031, 2025, the Group is under audit in certain countries with respect to transfer pricing. Uncertain tax positions have been recognized and measured in accordance with IFRIC 23 provisions, based on the Group\u2019s assessment of the technical merits of its transfer pricing policies and the likelihood of sustainment upon examination. Notwithstanding an increasing level of scrutiny that has resulted in tax reassessments received in certain jurisdictions, the Group remains confident that its transfer pricing methodology is appropriate and consistent with applicable tax rules and OECD principles, and that it is probable that the positions taken will be sustained upon resolution of these matters.7.6.8.3.\u00a0Impairment of non-financial assets An impairment exists when the carrying value of an asset or a cash generating unit exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on observable market prices less incremental costs of disposing the asset, in order to measure the price at which the asset could be sold in an orderly transaction between market participants at the measurement date. In case observable market prices are not available, fair value less costs of disposal is measured based on data from binding sales transactions in arm\u2019s length transactions of similar assets. Management applies professional judgment when testing certain assets or CGUs for impairment and uses critical assumptions when assessing whether impairment indicators exist and at which level the impairment test must be conducted.In 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing footprint by accelerating the wafer fab capacity to 300mm Silicon and 200mm Silicon Carbide and resizing its global cost base. The Group recorded a total impairment charge of $189 million in 2025 for its company-wide program, of which $151 million related to the manufacturing reshaping program and reported on the line \"Cost of sales\" in the consolidated income statement for the year ended December 31, 2025 following the impairment test ($27 million on buildings, $83 million on facilities and $41 million on equipment to be disposed of upon execution of the manufacturing reshaping program). The impairment charges were not allocated to any specific reportable segment.Following the announcement of the launch of its reshaping plan in April 2025, the Group identified indeed certain impairment indicators which triggered an impairment test on its manufacturing activities impacted by the program, primarily in France and in Italy. The impairment test was conducted at the level of\u00a0 identified CGUs, for 150mm Silicon Carbide activities and 200mm Silicon activities, respectively. The identified CGUs were tested for impairment on a standalone basis, since management believes they correspond to the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. Each identified CGU includes building, facilities and equipment but does not include goodwill or other category of non-financial assets.The\u00a0 key-assumptions used to assess value-in-use were based on the most recent forecasted plans of each tested CGU. Expected cash flows were discounted at a pre-tax rate of 14%, corresponding to the pre-tax weighted cost of capital applicable to these activities. For each identified CGU, the recoverable amount was estimated on the basis of fair value less costs of disposal. Fair value less costs of disposal was estimated at $140 million and $201 million, respectively. Fair value was measured based on an income approach, which corresponds to a Level 3 measurement hierarchy. This income approach models, from a market participant's perspective, the theoretical income generated from the right of use for productive purposes in the semiconductor industry of equipment and fully integrated infrastructures included in the tested CGUs. Refer to Note 7.6.10 for further details on impairment losses on property, plant and equipment. For the current year\u2019s annual impairment test on goodwill, the recoverable amount of the CGUs was determined based on value-in-use calculations which exceeded carrying amount, as further described in Note 7.6.13. Non-financial assets are tested or reviewed for impairment in accordance with accounting policies stated in Notes 7.6.7.1, 7.6.7.10, 7.6.7.11 and 7.6.7.12. In 2025, the Group also recorded a $20\u00a0million impairment charge on a license under joint development with a third party, for which future use is no longer expected, and a $18 million impairment charge on non-financial assets with no alternative future use, of which $10\u00a0million following the decision to rationalize certain R&amp;D activities within the scope of the cost base resizing pillar. Management judgment is necessary to estimate future sales and expenses, which underlie the discounted future cash flow projections. Factors such as changes in the planned use of property, plant and equipment, the closure of facilities, the change in the use or in the market acceptance of certain new technologies, could result in shortened useful lives or impairment charges to be recognized in the period in which such determination is made. 7.6.8.4.\u00a0Pension obligations The Group sponsors various pension schemes for its employees. The expense incurred under the defined benefit pension plans is based upon statistical and actuarial calculations and is impacted by assumptions on discount rates used to reach the present value of future pension liabilities, expected return that will be made on existing pension assets, future salary increases as well as future pension increases and statistical-based assumptions covering future withdrawals of participants from the plan and estimates of life expectancy. Refer to Note 7.6.23. The actuarial assumptions used may differ materially from actual results due to changes in market and economic conditions, higher or lower withdrawal rates or longer or shorter life spans of participants and may significantly impact the amount of pension costs and pension liabilities to be recognized in the period in which such determination is made. 7.6.8.5.\u00a0Capitalized development costs Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5. and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability and technological feasibility are confirmed, usually when a product or technology has reached a certain maturity level in product life cycle model used by the Group. In determining the projects to be capitalized, management makes assumptions regarding the expected future cash generation of the project and the expected period of benefits. As of December\u00a031, 2025, the carrying amount of capitalized development costs was $1,272 million (2024: $1,170\u00a0million). Refer to Note 7.6.12 for disclosure of amounts capitalized, amortized and impaired during the period. 7.6.8.6.\u00a0Inventory obsolescence reserves and normal manufacturing capacity thresholds Inventory is stated at the lower of cost or net realizable value. Actual cost is based on an adjusted standard cost which approximates cost on a first-in, first-out basis for all categories of inventory (raw materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s manufacturing performance and is based on the normal utilization of its production capacity. In case of underutilization of manufacturing facilities, the costs associated with unused capacity are not included in the valuation of inventories but charged directly to cost of sales. For the year ended December\u00a031, 2025, the unused capacity charges amounted to $416 million compared to $370 million for the year ended December\u00a031, 2024. Net realizable value is the estimated selling price in the ordinary course of business, less predictable costs of completion, disposal and transportation. Refer to Note 7.6.16. Reserve for obsolescence is estimated for excess uncommitted inventory based on historical sales data, order backlog and production plans. The Group performs, on a continuous basis, inventory write-offs of inventories, which have the characteristics of slow-moving, old production dates and technical obsolescence. The Group evaluates its inventory to identify obsolete or slow-selling items, as well as inventory that is not of saleable quality and records a specific reserve if the Group estimates the inventory will eventually be written off. 7.6.12. Intangible assets Development costs capitalized on projects that are still in progress and therefore not yet amortized amounted to $901 million as of December 2025 (2024: $805 million). The impairment and write-offs for 2025 amounted to $87\u00a0million, of which, $67 million recorded in the line Cost of sales and $20\u00a0million recorded in the line Research and development expenses on the consolidated income statement. Amounts reported in cost of sales correspond to write-offs of capitalized development costs related to certain projects that were cancelled. The $20\u00a0million amount recorded in R&amp;D expenses relates to a license under joint development with a third party, for which future use is no longer expected. The impairment and write-offs for 2024 amounted to $86\u00a0million, recorded in costs of sales for $77\u00a0million, resulting from write-offs of capitalized development costs related to certain projects that were cancelled, and in R&amp;D expenses for $9\u00a0million for certain technologies acquired with no alternative future use, primarily following the annual impairment test performed in 2024. The key-assumptions used for value-in-use calculations are based on the most recent budget of each CGU tested. Management determined budgeted Gross Margin based on past performance, and its expectations for the market development.7.6.13. Goodwill The Group tests whether goodwill has suffered any impairment on an annual basis during the second half of each year. In the 2025 and 2024 reporting periods, no goodwill impairment was recorded for any of the Group\u2019s CGUs. For the annual impairment test, the key-assumptions used for value-in-use calculations are based on the most recent five-year plan of each CGU tested. The average perpetuity growth rate was 1.5% (2024: 1.5%) and discount rate was from 14% (2024: 14%) pre-tax and inferred from the observable volatility of share prices for comparable companies in the semiconductor industry. These assumptions have been used, as applicable, for the analysis of each CGU within the operating segments. Management determined budgeted Gross Margin based on past performance, and its expectations for the market development. The average yearly growth rates used are consistent with the forecast included in industry   reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant CGUs. No reasonably possible change in key assumptions would lead to a significant impairment loss.7.6.23. Employee benefits Assumptions The weighted average assumptions used in the determination of pension and other long-term obligations are as follows: 2025 2024 Discount rate 3.97%3.87%Inflation rate 1.95%1.87%Future salary increase 2.90%2.43%The discount rate was determined by reference to high quality corporate bond rates applicable to the respective country of each plan and estimated terms of the defined benefit obligation. As required by IAS 19, and for pension plans with plan assets, the interest income on plan assets is set equal to the corresponding discount rate. The average duration of Defined Benefit Obligations is 11 years in 2025 (2024: 11 years). As of December\u00a031, 2025, an increase of the discount rate of 0.50% would have resulted in a reduction of the Defined Benefit Obligations of $60 million and a decrease of the discount rate of 0.50% would have resulted in an increase of the Defined Benefit Obligations by $65 million. An increase of the inflation rate of 0.50% would have resulted in an increase of the Defined Benefit Obligations of $9 million and a decrease of the inflation rate of 0.50% would have resulted in a decrease of the Defined Benefit Obligations of $8 million. An increase of the life expectancy of one year would have resulted in an increase of the Defined Benefit Obligations of $13 million and a decrease of the life expectancy of one year would have resulted in a decrease of the Defined Benefit Obligations of $13 million. These sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same method has been applied as when calculating the pension liability recognized within the consolidated statement of financial position. Assumptions regarding future mortality experience are set based on advice from published statistics and experience in each territory.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-414": {
   "value": "<div class=\"ps1937 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.2.\u00a0Foreign currency translation <span id=\"i14b86bc7f9ab4989bc6783992e53d249\"></span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The U.S. dollar is the functional currency for the Company and the presentation currency for the Group,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">which is the currency of the primary economic environment in which the Group operates. The worldwide<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">semiconductor industry uses the U.S. dollar as a currency of reference for actual pricing in the market.</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Furthermore, the majority of the Group\u2019s transactions are denominated in U.S. dollars, and revenues from</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">external sales in U.S. dollars largely exceed revenues in any other currency. However, certain significant</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:441.6pt\">costs are largely incurred in the countries of the Eurozone and other non-U.S. dollar currency areas.</span><span class=\"f charStyle-58d8bcbe ps12503\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The functional currency of each subsidiary throughout the Group is either the local currency or the U.S.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">dollar, determined on the basis of the economic environment in which each subsidiary operates. For</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consolidation purposes, assets and liabilities included in the statement of financial position of the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">subsidiaries having the local currency as functional currency are translated into the presentation currency</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">of the Group at current rates of exchange at the reporting date. Income and expense items and cash flow</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">items are translated at the monthly exchange rate in which they are recognized. The currency translation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">adjustments (\u201cCTA\u201d) generated by the conversion of the financial position and results of operations from</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">local functional currencies are reported as a component of other comprehensive income in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:454.8pt\">consolidated statement of comprehensive income and the consolidated statement of changes in equity.</span><span class=\"f charStyle-58d8bcbe ps12504\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">liabilities of the foreign entity and translated into the presentation currency of the Group at closing rate.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:341.5pt\">Exchange differences arising are recognized in other comprehensive income.</span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Assets, liabilities, revenues, expenses, gains or losses arising from transactions denominated in foreign</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">currency are recorded in the functional currency of the recording entity at the prevailing exchange rate. At</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">each reporting date, monetary assets and liabilities denominated in a currency other than the recording</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">entity\u2019s functional currency are re-measured into the functional currency at the exchange rate prevailing at</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the reporting date. The related exchange gains and losses are recorded in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.05pt\">statement as \u201cOther income\u201d or \u201cOther expenses\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-415": {
   "value": "<div class=\"ps1937 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.2.\u00a0Foreign currency translation <span id=\"i14b86bc7f9ab4989bc6783992e53d249\"></span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The U.S. dollar is the functional currency for the Company and the presentation currency for the Group,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">which is the currency of the primary economic environment in which the Group operates. The worldwide<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">semiconductor industry uses the U.S. dollar as a currency of reference for actual pricing in the market.</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Furthermore, the majority of the Group\u2019s transactions are denominated in U.S. dollars, and revenues from</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">external sales in U.S. dollars largely exceed revenues in any other currency. However, certain significant</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:441.6pt\">costs are largely incurred in the countries of the Eurozone and other non-U.S. dollar currency areas.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-416": {
   "value": "<div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.3.\u00a0Revenue recognition <span id=\"i24492586d0cb4cb486737ad92ef245c0\"></span></span></div><div class=\"ps7521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Arrangements with customers are considered contracts if all the following criteria are met: (a) parties have</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">approved the contract and are committed to perform their respective obligations; (b) each party\u2019s rights</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">regarding the goods or services to be transferred can be identified; (c) payment terms for the goods or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">services to be transferred can be identified; (d) the contract has commercial substance and (e)</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">collectability of the consideration is probable. The Group recognizes revenue from products sold to a</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">customer, including distributors, when it satisfies a performance obligation by transferring control over a</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">product to the customer. The Group may also enter into several multi-annual capacity reservation and</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">volume commitment arrangements with certain customers. These agreements constitute a binding</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">commitment for the customers to purchase and for the Group to supply allocated commitment volumes in</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exchange for additional consideration. The consideration related to commitment fees is reported as</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:337.74pt\">revenues from sale of products as it is usually based on delivered quantities.</span><span class=\"f charStyle-58d8bcbe ps12506\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">In certain circumstances, the Group may enter into arrangements that concern principally revenues from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">services where the performance obligation is satisfied over time. The objective when allocating the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">transaction price is to allocate the transaction price to each performance obligation (or distinct good or</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">service) in an amount that depicts the amount of consideration to which the Group expects to be entitled</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">in exchange for transferring the promised goods or services to the customer. The payment terms typically</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">range between 30 to 90 days. Certain customers require the Group to hold inventory as consignment in</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">their hubs and only purchase inventory when they require it. Revenue for sales of such inventory is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">recognized when, at the customer\u2019s option, the products are withdrawn from the consignment and the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.37pt\">Group satisfies a performance obligation by transferring control over a product to the customer.</span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Consistent with standard business practice in the semiconductor industry, price protection is granted to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">distribution customers on their existing inventory of the Group\u2019s products to compensate them for</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">changes in market prices. The Group accrues a provision for price protection based on a rolling historical</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">price trend computed monthly as a percentage of gross distributor sales. This historical price trend</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">represents differences in recent months between the invoiced price and the final price to the distributor,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">adjusted to accommodate a significant change in the selling price. The short outstanding inventory time,</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">visibility into the inventory product pricing and long distributor pricing history have enabled the Group to</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">reliably estimate price protection provisions at period-end. The Group records the accrued amounts as a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:357.69pt\">deduction of \u201cSales\u201d in the consolidated income statement at the time of the sale.</span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The Group\u2019s customers occasionally return the Group\u2019s products for technical reasons. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">standard terms and conditions of sale provide that if the Group determines that products do not conform,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Group will repair or replace the non-conforming products, or issue a credit note or rebate of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">purchase price. Quality returns are identified shortly after sale in customer quality control testing. The</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Group records the accrued amounts as a deduction of \u201cSales\u201d in the consolidated income statement,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.2pt\">using contractual and historical information.</span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group records a provision for warranty costs as a charge in \u201cCost of sales\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">income statement, based on historical trends of warranty costs incurred as a percentage of sales, which</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">management has determined to be a reasonable estimate of the probable losses to be incurred for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">warranty claims in a period. Any potential warranty claims are subject to the Group\u2019s determination that</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">the Group is at fault for damages, and such claims usually must be submitted within a short period of time</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">following the date of sale. This warranty is given in lieu of all other warranties, conditions or terms</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expressed or implied by statute or common law. The Group\u2019s contractual terms and conditions typically</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:345.98pt\">limit its liability to the sales value of the products which gave rise to the claims.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s insurance policy relating to product liability covers third-party physical damages and bodily</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">injury, indirect financial damages as well as immaterial non-consequential damages caused by defective</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:41.11pt\">products.</span><span class=\"f charStyle-58d8bcbe ps12507\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">In addition to product sales, the Group enters into arrangements with customers consisting in transferring</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">licenses or related to license services. When the license is a right to use the Group\u2019s intellectual property</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">as it exists at the time the license is granted, the corresponding revenue is recognized at a point in time.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.59pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The revenue generated from these arrangements are reported on the line \u201cOther revenues\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140.55pt\">consolidated income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-417": {
   "value": "<div class=\"ps1854 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.4.\u00a0Other significant categories of income <span id=\"id16e32211e6d47e4b91425d699986dc4\"></span></span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:39.37pt\">Funding</span><span class=\"f charStyle-a745408e ps12509\" style=\"width:2.77pt\"> </span></div><div class=\"ps2398 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group receives funding mainly from governmental entities and income is recognized when all</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">contractual conditions for receipt of these funds are fulfilled and eligible expenditures incurred. Such</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">funding is generally provided to encourage research, development and other innovation activities,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">industrialization deployment and local economic development. The conditions to receive government</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">funding may include eligibility restrictions, approval by the local governmental authorities, annual budget</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">appropriations, compliance with regulations, as well as specifications regarding objectives and results.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Certain specific contracts include obligations to maintain a minimum level of employment and investment</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">during a certain period of time. There could be penalties if these objectives are not fulfilled. Other</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">contracts contain penalties for breach of contract, which may result in repayment obligations. Funding</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:407.71pt\">related to these contracts is recorded when the conditions required by the contracts are met.</span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group\u2019s funding programs are classified under two general categories: funding for research,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development and other innovative activities, including first industrialization deployment initiatives, and</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">capital investments. The Group also benefits from tax credits for R&amp;D activities in several countries</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:304.4pt\">(primarily in France) as they are generally available to all companies.</span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:313.08pt\">Funding for research, development and other innovative activities</span><span class=\"f charStyle-a745408e ps12510\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Funding for research, development and innovative activities is the most common form of funding that the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Group receives. Public funding for such activities is recorded as \u201cOther income\u201d in the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated income statement. The funding is recognized ratably as the related costs are incurred once</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the agreement with the respective governmental agency has been signed and all applicable conditions</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">are met. Other government assistance, such as funding received for industrialization deployment and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">local economic development in certain regions, are reported as a deduction of cost of sales or other</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.1pt\">operating expenses according to the underlying costs eligible to the grants.</span><span class=\"f charStyle-58d8bcbe ps7976\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The Group receives certain specific project-related research tax credits \u2013 \u201cCr\u00e9dit Imp\u00f4t Recherche\u201d \u2013 in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the French tax jurisdiction. The Group considers the tax credits received as government grants based on</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the fact that the tax credits are received independently from tax payments of the Group. The Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">recognizes these credits as long-term or short-term receivables depending on the expected time of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">collection. These credits are deducted from \u201cResearch and development\u201d (R&amp;D) in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.38pt\">income statement or recorded as a reduction of intangible assets, as described in Note 7.6.7.5.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-418": {
   "value": "<div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:313.08pt\">Funding for research, development and other innovative activities</span><span class=\"f charStyle-a745408e ps12510\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Funding for research, development and innovative activities is the most common form of funding that the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Group receives. Public funding for such activities is recorded as \u201cOther income\u201d in the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated income statement. The funding is recognized ratably as the related costs are incurred once</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the agreement with the respective governmental agency has been signed and all applicable conditions</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">are met. Other government assistance, such as funding received for industrialization deployment and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">local economic development in certain regions, are reported as a deduction of cost of sales or other</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.1pt\">operating expenses according to the underlying costs eligible to the grants.</span><span class=\"f charStyle-58d8bcbe ps7976\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The Group receives certain specific project-related research tax credits \u2013 \u201cCr\u00e9dit Imp\u00f4t Recherche\u201d \u2013 in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the French tax jurisdiction. The Group considers the tax credits received as government grants based on</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the fact that the tax credits are received independently from tax payments of the Group. The Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">recognizes these credits as long-term or short-term receivables depending on the expected time of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">collection. These credits are deducted from \u201cResearch and development\u201d (R&amp;D) in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.38pt\">income statement or recorded as a reduction of intangible assets, as described in Note 7.6.7.5.</span><div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:21.1pt\">R&amp;D</span><span class=\"f charStyle-58d8bcbe ps12515\" style=\"width:446.83pt\"> expenditures include costs incurred by the Group, the Group\u2019s share of costs incurred by other R&amp;D</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest groups and costs associated with co-development contracts. Research costs are expensed as</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.89pt\">incurred.</span><span class=\"f charStyle-58d8bcbe ps12516\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">improved products controlled by the Group, are recognized as \u201cIntangible assets\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statement of financial position when it is probable that the project will be a success considering its</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">economic profitability and technological feasibility, and costs can be measured reliably, as described in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Note 7.6.7.10. Certain research tax credits are also recognized as a reduction of intangible assets for the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion that can be reliably allocated to development projects. Development expenditures recognized as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">assets are amortized, when ready for their intended use, over their estimated useful lives, not exceeding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">five years (refer to Note 7.6.7.10). Development costs that do not meet the capitalization criteria are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expensed as incurred. Development expenditures recognized as expenses are not recognized as assets</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in a subsequent period. Amortization expense recognized on capitalized development costs in use is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">recorded as \u201cCost of sales\u201d in the consolidated income statement. Amortization expense on technologies</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and licenses purchased by the Group from third parties or acquired in a business combination to facilitate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the Group\u2019s R&amp;D activities is recorded as \u201cResearch and development\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">statement.</span><span class=\"f charStyle-58d8bcbe ps12517\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.5.\u00a0Capitalized development costs <span id=\"i38490b8c2da84915a84ab38b2b042841\"></span></span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and technological feasibility are confirmed, usually when a product or technology has reached a certain</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">maturity level in product life cycle model used by the Group. In determining the projects to be capitalized,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">management makes assumptions regarding the expected future cash generation of the project and the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.82pt\">expected period of benefits. As of </span><span class=\"f charStyle-58d8bcbe ps12734\" style=\"width:89.89pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12735\" style=\"width:221.28pt\">, the carrying amount of capitalized development</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:59.47pt\">costs was $</span><span class=\"f charStyle-58d8bcbe ps12736\" style=\"width:25.01pt\">1,272</span><span class=\"f charStyle-58d8bcbe ps12737\" style=\"width:44.46pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12738\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12739\" style=\"width:14.73pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:25.01pt\">1,170</span><span class=\"f charStyle-58d8bcbe ps12740\" style=\"width:277.03pt\">\u00a0million). Refer to Note 7.6.12 for disclosure of amounts</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.77pt\">capitalized, amortized and impaired during the period.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-419": {
   "value": "<div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:75.5pt\">Finance income</span><span class=\"f charStyle-a745408e ps12513\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Finance income is calculated by applying the effective interest rate to the gross carrying amount of a</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">financial asset, except for financial assets that subsequently become credit-impaired. For credit-impaired</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:420.24pt\">financial assets, the effective interest rate is applied to the amortized cost of the financial asset.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-421": {
   "value": "<div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:21.1pt\">R&amp;D</span><span class=\"f charStyle-58d8bcbe ps12515\" style=\"width:446.83pt\"> expenditures include costs incurred by the Group, the Group\u2019s share of costs incurred by other R&amp;D</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest groups and costs associated with co-development contracts. Research costs are expensed as</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.89pt\">incurred.</span><span class=\"f charStyle-58d8bcbe ps12516\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">improved products controlled by the Group, are recognized as \u201cIntangible assets\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statement of financial position when it is probable that the project will be a success considering its</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">economic profitability and technological feasibility, and costs can be measured reliably, as described in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Note 7.6.7.10. Certain research tax credits are also recognized as a reduction of intangible assets for the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion that can be reliably allocated to development projects. Development expenditures recognized as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">assets are amortized, when ready for their intended use, over their estimated useful lives, not exceeding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">five years (refer to Note 7.6.7.10). Development costs that do not meet the capitalization criteria are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expensed as incurred. Development expenditures recognized as expenses are not recognized as assets</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in a subsequent period. Amortization expense recognized on capitalized development costs in use is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">recorded as \u201cCost of sales\u201d in the consolidated income statement. Amortization expense on technologies</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and licenses purchased by the Group from third parties or acquired in a business combination to facilitate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the Group\u2019s R&amp;D activities is recorded as \u201cResearch and development\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">statement.</span><span class=\"f charStyle-58d8bcbe ps12517\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">An impairment test is performed whenever a triggering event questions the future recoverability, or at</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">least annually, for the capitalized development projects still not in use. A loss is recognized in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">consolidated income statement as \u201cCost of sales\u201d for the amount by which the asset\u2019s carrying amount</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.12pt\">exceeds its recoverable amount</span><span class=\"f charStyle-58d8bcbe ps12518\" style=\"width:2.77pt\">.</span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps10373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Intangible assets acquired separately are recognized at cost in the consolidated statement of financial</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">position and include technologies and licenses purchased from third parties and purchased software. The</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.07pt\">cost of intangible assets acquired in a business combination is the acquisition-date fair value.</span><span class=\"f charStyle-58d8bcbe ps12526\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">improved products controlled by the Group, and internally generated software developed for the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:447.18pt\">internal use are recognized as intangible assets when the Group can demonstrate all of the following:</span><span class=\"f charStyle-58d8bcbe ps12528\" style=\"width:2.77pt\"> </span></div><div class=\"ps5068 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the technical feasibility of completing the item under development so that it will be available for </span></div><div class=\"ps2453 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">use or sale; </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its intention to complete the item under development and ability to use it or sell it; </span></div><div class=\"ps2457 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">how the item under development will generate probable future economic benefits; </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">the availability of adequate technical, financial and other resources to complete the development </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">and to use or sell the item under development; and </span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">its ability to measure reliably the expenditures attributable to the project during its development. </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Refer to Note 8.3.13 for composition of Company\u2019s legal reserves, which includes capitalized</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.78pt\">development costs and internally developed software.</span><span class=\"f charStyle-58d8bcbe ps2838\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Expenditures incurred on development projects that do not meet these criteria and all research activities</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.36pt\">are recognized as expenses when incurred.</span><span class=\"f charStyle-58d8bcbe ps1102\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Development costs are amortized, when the development is complete, on a straight-line basis over the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:265.53pt\">period of their expected benefits, not exceeding three years.</span><span class=\"f charStyle-58d8bcbe ps2057\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Amortization begins when the intangible asset is available for its intended use. Amortization reflects the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">pattern in which the asset\u2019s economic benefits are consumed, which usually consists in applying the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">straight-line method to allocate the cost of the intangible asset over the estimated useful life. The</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization period and the amortization method for an intangible asset with a definite useful life are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.42pt\">reviewed at least at each financial year end.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.85pt\">A summary of the policies applied to the Group\u2019s intangible assets is as follows:</span><span class=\"f charStyle-58d8bcbe ps12529\" style=\"width:2.77pt\"> </span></div><div class=\"ps3815 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:137.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12533 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12530\">Technologies <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12531\">and</span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12532\">licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12536 ss919\"><div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12534\">Purchased <span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12537\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12538\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12540\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12541\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12542\">costs<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss920\"><div><div class=\"ps6208 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Useful lives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12545 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12546 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12547 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12548 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:44.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5119 ss922\"><div><div class=\"ps9567 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Amortization method used<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12552 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps9393\">useful life / 3-10 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12553 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12554 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12556 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps12555\">useful life / 3-5 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9083 ss924\"><div><div class=\"ps11840 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Internally generated or acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12558 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12559 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12562 ss925\"><div><div class=\"ps8550 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12564 ss925\"><div><div class=\"ps8552 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Intangible assets not ready for use, such as some capitalized development expenditures, are tested</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">annually for impairment. The carrying value of intangible assets with definite useful lives and subject to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization is assessed for impairment at the level of a CGU whenever there is an indication that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">intangible assets may be impaired. An impairment loss is recognized in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">statement for the amount by which the carrying amount exceeds the recoverable amount. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5422 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. In</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">determining recoverability, the Group usually estimates the value in use based on the projected</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">discounted future cash flows associated with the intangible assets. The Group makes maximum use of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">market inputs and minimizes the use of unobservable inputs when measuring fair value. Prior impairment</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">charges on intangible assets other than goodwill are reviewed for possible reversal at each reporting</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">date.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.5.\u00a0Capitalized development costs <span id=\"i38490b8c2da84915a84ab38b2b042841\"></span></span></div><div class=\"ps2231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Development costs are capitalized in accordance with the accounting policy described in notes 7.6.7.5.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">and 7.6.7.10. Initial capitalization of costs is based on management\u2019s judgment that economic profitability</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and technological feasibility are confirmed, usually when a product or technology has reached a certain</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">maturity level in product life cycle model used by the Group. In determining the projects to be capitalized,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">management makes assumptions regarding the expected future cash generation of the project and the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.82pt\">expected period of benefits. As of </span><span class=\"f charStyle-58d8bcbe ps12734\" style=\"width:89.89pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12735\" style=\"width:221.28pt\">, the carrying amount of capitalized development</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:59.47pt\">costs was $</span><span class=\"f charStyle-58d8bcbe ps12736\" style=\"width:25.01pt\">1,272</span><span class=\"f charStyle-58d8bcbe ps12737\" style=\"width:44.46pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12738\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12739\" style=\"width:14.73pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:25.01pt\">1,170</span><span class=\"f charStyle-58d8bcbe ps12740\" style=\"width:277.03pt\">\u00a0million). Refer to Note 7.6.12 for disclosure of amounts</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.77pt\">capitalized, amortized and impaired during the period.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-420": {
   "value": "<div class=\"ps1714 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.5.\u00a0Research and development<span id=\"i1d6751bf34ec45b9a9677d27f711d50e\"></span></span><span class=\"f charStyle-a745408e ps12514\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:21.1pt\">R&amp;D</span><span class=\"f charStyle-58d8bcbe ps12515\" style=\"width:446.83pt\"> expenditures include costs incurred by the Group, the Group\u2019s share of costs incurred by other R&amp;D</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest groups and costs associated with co-development contracts. Research costs are expensed as</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.89pt\">incurred.</span><span class=\"f charStyle-58d8bcbe ps12516\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Expenditures incurred on development projects, mainly related to the design and testing of new or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">improved products controlled by the Group, are recognized as \u201cIntangible assets\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statement of financial position when it is probable that the project will be a success considering its</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">economic profitability and technological feasibility, and costs can be measured reliably, as described in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Note 7.6.7.10. Certain research tax credits are also recognized as a reduction of intangible assets for the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion that can be reliably allocated to development projects. Development expenditures recognized as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">assets are amortized, when ready for their intended use, over their estimated useful lives, not exceeding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">five years (refer to Note 7.6.7.10). Development costs that do not meet the capitalization criteria are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expensed as incurred. Development expenditures recognized as expenses are not recognized as assets</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in a subsequent period. Amortization expense recognized on capitalized development costs in use is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">recorded as \u201cCost of sales\u201d in the consolidated income statement. Amortization expense on technologies</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and licenses purchased by the Group from third parties or acquired in a business combination to facilitate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the Group\u2019s R&amp;D activities is recorded as \u201cResearch and development\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">statement.</span><span class=\"f charStyle-58d8bcbe ps12517\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Development costs are amortized, when the development is complete, on a straight-line basis over the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:265.53pt\">period of their expected benefits, not exceeding three years.</span><span class=\"f charStyle-58d8bcbe ps2057\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Amortization begins when the intangible asset is available for its intended use. Amortization reflects the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">pattern in which the asset\u2019s economic benefits are consumed, which usually consists in applying the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">straight-line method to allocate the cost of the intangible asset over the estimated useful life. The</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization period and the amortization method for an intangible asset with a definite useful life are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.42pt\">reviewed at least at each financial year end.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.85pt\">A summary of the policies applied to the Group\u2019s intangible assets is as follows:</span><span class=\"f charStyle-58d8bcbe ps12529\" style=\"width:2.77pt\"> </span></div><div class=\"ps3815 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:137.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12533 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12530\">Technologies <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12531\">and</span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12532\">licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12536 ss919\"><div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12534\">Purchased <span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12537\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12538\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12540\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12541\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12542\">costs<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss920\"><div><div class=\"ps6208 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Useful lives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12545 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12546 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12547 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12548 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:44.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5119 ss922\"><div><div class=\"ps9567 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Amortization method used<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12552 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps9393\">useful life / 3-10 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12553 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12554 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12556 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps12555\">useful life / 3-5 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9083 ss924\"><div><div class=\"ps11840 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Internally generated or acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12558 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12559 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12562 ss925\"><div><div class=\"ps8550 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12564 ss925\"><div><div class=\"ps8552 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps12576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Land is not depreciated. Depreciation on fixed assets is computed using the straight-line method over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:139.97pt\">following estimated useful lives:</span><span class=\"f charStyle-58d8bcbe ps12577\" style=\"width:2.77pt\"> </span></div><div class=\"ps12590 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:93.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss927\"><div><div class=\"ps9104 ss926\"><span class=\"f charStyle-a9f4bb30 ps52\">Nature of tangible asset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12580 ss929\"><div><div class=\"ps12579 ss928\"><span class=\"f charStyle-a9f4bb30 ps9892\">Estimated<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss928\"><span class=\"f charStyle-a9f4bb30 ps9079\">useful life<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12582 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12581\">33 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Facilities &amp; leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12584 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">5-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2298 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12585 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">2-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps75 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12587 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">3-6 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12589 ss933\"><div><div class=\"ps5101 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">2-5 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.16.\u00a0Employee benefits <span id=\"i7768cc22bd8e4aa3ba171384360ff3ec\"></span></span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.88pt\">Pension obligations</span><span class=\"f charStyle-a745408e ps3182\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For defined contribution plans, the Group pays contributions to publicly or privately administered pension</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">obligations once the contributions have been paid. The contributions are recognized as employee benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.85pt\">refund or a reduction in the future payments is available.</span><span class=\"f charStyle-58d8bcbe ps12632\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:130.48pt\">Share-based compensation</span><span class=\"f charStyle-a745408e ps12638\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:222.16pt\">All the share plans of the Group are equity settled.</span><span class=\"f charStyle-58d8bcbe ps12639\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The fair value of the employee services received in exchange for the grant of share-based awards is</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">recognized as an expense and as a corresponding increase in shareholders\u2019 equity. The total amount to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">be expensed over the vesting period, which is the period over which all of the specified vesting conditions</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">are to be satisfied, is determined by reference to the fair value of awards granted is measured based on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the market price of the underlying shares at the date of grant, as observed on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Exchange, reduced by the present value of the dividends expected to be paid on the shares during the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">requisite service period. No other features of the equity instruments granted is incorporated in the fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">value measurement. Non-market performance and service conditions are included in assumptions about</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the number of instruments that are expected to vest. Any applicable employee social charges are also</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.48pt\">expensed ratably over the same period as the share-based compensation expense.</span><span class=\"f charStyle-58d8bcbe ps12640\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">At the end of each reporting period, the Group revises its estimates of the number of instruments that are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected to vest based on the non-market vesting conditions. It recognizes the impact of the revision to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">original estimates, if any, in the consolidated income statement, with a corresponding adjustment to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.7pt\">equity.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-423": {
   "value": "<div class=\"ps1921 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.6.\u00a0Current and deferred income tax<span id=\"i85e97a41226841b1aa3c275bfd22d95c\"></span></span><span class=\"f charStyle-a745408e ps12519\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Income tax in the consolidated income statement for the period comprises current and deferred income</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax. Income tax expense represents the income tax expected to be paid related to the current year</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">taxable profit in each tax jurisdiction. Management periodically evaluates positions taken in tax returns</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">with respect to situations in which applicable tax regulation is subject to interpretation. The Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">determines whether it is probable that the taxing authorities will accept an uncertain tax treatment that has</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.82pt\">been taken or is expected to be taken on a tax return and the accounting for income tax is determined</span><span class=\"f charStyle-58d8bcbe ps2926\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">consistently with that tax treatment. If the Group concludes it is not probable that the treatment will be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">accepted, the effect of the uncertainty is reflected in its income tax accounting in the period in which that</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">determination is made. The Group measures the impact of the uncertainty using the method that best</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">predicts the resolution of the uncertainty; either the most likely amount method or the expected value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">method. In most cases, the Group applies the most likely amount method to determine the amount of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">uncertainty to be reflected in the consolidated financial statements, as the assessment generally relies on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:379.42pt\">probabilities of possible outcomes that are either binary or concentrated on one value.</span><span class=\"f charStyle-58d8bcbe ps12520\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Deferred tax assets and liabilities are recorded for temporary differences arising between the book and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">tax bases of assets and liabilities and for the benefits of tax credits and operating loss carry-forwards.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">However, deferred income tax is not accounted for if it arises from initial recognition of an asset or liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">in a transaction other than a business combination that, at the time of the transaction, affects neither</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">accounting nor taxable profit or loss. For deferred tax related to assets and liabilities arising from a single</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transaction that, on initial recognition, give rise to equal amounts of taxable and deductible temporary</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">differences. Moreover, deferred tax liabilities are not recognized if they arise from the initial recognition of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">goodwill. Deferred income tax is determined using tax rates and laws that have been enacted or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">substantively enacted by the reporting date and are expected to apply when the related deferred income</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax asset is realized or the deferred income tax liability is settled. Deferred income tax assets are</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized to the extent that it is probable that future taxable profit will be available against which the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:165.91pt\">temporary differences can be utilized.</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group has determined that the global minimum top-up tax, which it may be required to pay under the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">OECD Pillar Two provisions as enacted in the tax legislation where the Group operates is an income tax</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">under the scope of IAS 12. The Group applies the exception to recognizing and disclosing information</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.3pt\">amendments to IAS 12 issued in May 2023.</span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Items recognized in other comprehensive income or directly in equity are recognized net of tax. Income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:459.91pt\">taxes are recognized as cash flows from operating activities in the consolidated statement of cash flows.</span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.2.\u00a0Income taxes <span id=\"i94ed5e26153d43b088d8b47ff0784cb0\"></span></span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is required to make estimates and judgments in determining income tax for the period,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">comprising current and deferred income tax. The Group needs to assess the income tax expected to be</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">paid or the income tax benefit expected to be received related to the current year earnings in each tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">jurisdiction and recognizes deferred income tax for temporary differences arising between the tax bases</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">of assets and liabilities and their carrying amount in the consolidated financial statements, except when</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the initial recognition exception applies, as described in Note 7.6.7.6. Furthermore, the Group is required</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to assess all material open income tax positions in all tax jurisdictions to determine any uncertain tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.09pt\">positions, and to record a provision for those, if any.</span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group is also required to assess the likelihood of recovery of its deferred tax assets originated by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">net operating losses carried forward. This assessment requires the exercise of judgment with respect to,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">among other things, benefits that could be realized from available tax strategies and future taxable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">income, as well as other positive and negative factors. The ultimate realization of deferred tax assets is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">dependent upon, among other things, the Group\u2019s ability to generate future taxable income that is</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">sufficient to utilize loss carry-forwards or tax credits before their expiration or the Group\u2019s ability to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:244.99pt\">implement prudent and feasible tax planning strategies.</span><span class=\"f charStyle-58d8bcbe ps12678\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.15pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12679\" style=\"width:88.41pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12680\" style=\"width:199.65pt\">, the Group reported deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps12681\" style=\"width:16.68pt\">303</span><span class=\"f charStyle-58d8bcbe ps12682\" style=\"width:37.82pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12683\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12684\" style=\"width:11.41pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12685\" style=\"width:16.68pt\">326</span><span class=\"f charStyle-58d8bcbe ps2607\" style=\"width:48.94pt\"> million) on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the consolidated statement of financial position. A significant portion of these deferred tax assets was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">recorded in relation to net operating losses incurred in certain tax jurisdictions. These net operating losses</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">may not be realizable before their expiration, unless the Group is capable of identifying favorable tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.1pt\">strategies.</span><span class=\"f charStyle-58d8bcbe ps12686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group could reduce the amount of total deferred tax assets, resulting in a decrease in the total assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and, consequently, in equity, if the estimates of projected future taxable income and benefits from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">available tax strategies are reduced as a result of a change in the assessment or due to other factors, or if</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.88pt\">changes in current tax regulation</span><span class=\"f charStyle-bdf8be45 ps12687\" style=\"width:316.11pt\"><span style=\"background-color:inherit\">s are enacted that impose restrictions on the timing or extent of the</span></span><span class=\"f charStyle-bdf8be45 ps1629\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:424.41pt\"><span style=\"background-color:inherit\">Group\u2019s ability to utilize net operating losses and tax credit carry-forwards in the future. In </span></span><span class=\"f charStyle-bdf8be45 ps12688\" style=\"width:22.24pt\"><span style=\"background-color:inherit\">2025</span></span><span class=\"f charStyle-bdf8be45 ps12689\" style=\"width:21.3pt\"><span style=\"background-color:inherit\">, the</span></span><span class=\"f charStyle-bdf8be45 ps1647\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:98.13pt\"><span style=\"background-color:inherit\">Group recorded a $</span></span><span class=\"f charStyle-bdf8be45 ps12690\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">53</span></span><span class=\"f charStyle-bdf8be45 ps12691\" style=\"width:358.65pt\"><span style=\"background-color:inherit\"> million income tax expense resulting from changes in the recognition of</span></span><span class=\"f charStyle-bdf8be45 ps1627\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:20.01pt\"><span style=\"background-color:inherit\">unre</span></span><span class=\"f charStyle-bdf8be45 ps6155\" style=\"width:447.96pt\"><span style=\"background-color:inherit\">cognized tax losses. A change in the tax rates applicable in the various jurisdictions or unfavorable</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:189.19pt\"><span style=\"background-color:inherit\">outcomes of any ongoing tax audits coul</span></span><span class=\"f charStyle-58d8bcbe ps12692\" style=\"width:278.74pt\">d have a material impact on the future tax provisions in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.57pt\">periods in which these changes could occur.</span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Pillar II legislation has been enacted in certain jurisdictions in which the Group operates (the Netherlands,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">the majority of the European Countries and Switzerland). The legislation is effective for the Group's</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.29pt\">financial year beginning January 1, 2024. The Group is in the scope of the Pillar II legislation.</span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.1pt\">The assessment of the </span><span class=\"f charStyle-58d8bcbe ps12694\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12695\" style=\"width:337.51pt\"> exposure to Pillar II income taxes is based on the most recent tax filings,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.67pt\"> draft country-by-country reporting prepared based on the US GAAP financial statements for the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">constituent entities in the Group. Based on the assessment, the Pillar II effective tax rates in most of the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">jurisdictions are above 15%. However, there is a limited number of jurisdictions where the transitional safe</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">harbour relief does not apply and the Pillar II effective tax rate is slightly below 15%. Therefore, the Group</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:255.13pt\">has recorded a tax exposure to Pillar II income taxes of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12696\" style=\"width:42.7pt\">$2\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12697\" style=\"width:6.58pt\"> (</span><span class=\"f charStyle-58d8bcbe ps12698\" style=\"width:42.7pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12699\" style=\"width:28.64pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12700\" style=\"width:88.75pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12701\" style=\"width:3.33pt\">)</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">in those jurisdictions. The Group is continuously monitoring the Pillar II legislation and related guidance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:439.02pt\">which are still evolving and may have an impact on the Group's Pillar II tax charge in future periods.<span class=\"f ps26\"> </span></span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group operates in many jurisdictions with highly complex and varied tax regimes. Management</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">applies professional judgment in assessing whether relevant tax authorities will accept reported tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">treatments under tax law. Those uncertainties may arise when tax laws are not clear or not consistently</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">understood, which generates ambiguity in the tax law interpretations and application. Those uncertainties</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are particularly present in tax jurisdictions or tax regimes where the expected amount to be paid or the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">expected tax benefit to be recognized arise from complex, lengthy and technical negotiations or require</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.64pt\">possible settlements involving a high degree of subjectivity and discretion.</span><span class=\"f charStyle-58d8bcbe ps12702\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Assumptions and estimates used in the assessment of uncertainties over income tax treatments include,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">but are not limited to: whether certain income tax treatments are considered jointly or separately when</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">assessing their degree of uncertainty; the assumptions the Group makes about the examination of tax</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">treatments by taxing authorities; how the Group determines taxable profits, deductions taken on tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">returns, unused tax losses, unused tax credits, applicable tax rates, the probability of acceptance of these</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income tax treatments by the relevant taxing authorities or on the contrary to what extent the income tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">treatments as applied by the Group may be disallowed, including the outcome of unresolved disputes or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">settlements on existing tax audits; and consideration of changes in facts and circumstances requiring a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:238.34pt\">reassessment of applied judgments and assumptions.</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.67pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12704\" style=\"width:90.93pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12705\" style=\"width:25.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12475\" style=\"width:90.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12706\" style=\"width:232.07pt\">, the Group reported unrecognized tax benefits for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.8pt\">uncertain tax treatments totaling $</span><span class=\"f charStyle-58d8bcbe ps12707\" style=\"width:16.68pt\">142</span><span class=\"f charStyle-58d8bcbe ps12708\" style=\"width:59.09pt\"> million and $</span><span class=\"f charStyle-58d8bcbe ps12709\" style=\"width:11.12pt\">42</span><span class=\"f charStyle-58d8bcbe ps12710\" style=\"width:230.27pt\"> million, respectively. $75 million has been classified</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:276.06pt\">as a reduction of the deferred tax assets ($19 million as of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12711\" style=\"width:89.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:101.94pt\">). Additionally, accrued</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.07pt\">interest and penalties amounted to\u00a0 $</span><span class=\"f charStyle-58d8bcbe ps5636\" style=\"width:42.66pt\">23\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12713\" style=\"width:28.52pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12714\" style=\"width:88.67pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12715\" style=\"width:77.72pt\"> ($6\u00a0million as of </span><span class=\"f charStyle-58d8bcbe ps12716\" style=\"width:63.22pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:73.02pt\">) are classified </span><span class=\"f charStyle-58d8bcbe ps12717\" style=\"width:136.36pt\">as other non-current liabilities</span><span class=\"f charStyle-58d8bcbe ps2320\" style=\"width:236.37pt\">. The tax years that remain open for review in the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:212.54pt\">Group\u2019s major tax jurisdictions are from 1997 to </span><span class=\"f charStyle-58d8bcbe ps12718\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12719\" style=\"width:2.77pt\">.</span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.45pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12720\" style=\"width:89.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12721\" style=\"width:350.71pt\">, the Group is under audit in certain countries with respect to transfer pricing.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Uncertain tax positions have been recognized and measured in accordance with IFRIC 23 provisions,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">based on the Group\u2019s assessment of the technical merits of its transfer pricing policies and the likelihood</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of sustainment upon examination. Notwithstanding an increasing level of scrutiny that has resulted in tax</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">reassessments received in certain jurisdictions, the Group remains confident that its transfer pricing</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">methodology is appropriate and consistent with applicable tax rules and OECD principles, and that it is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:368.84pt\">probable that the positions taken will be sustained upon resolution of these matters.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-422": {
   "value": "<span class=\"f charStyle-a745408e ps1886\">7.6.7.6.\u00a0Current and deferred income tax<span id=\"i85e97a41226841b1aa3c275bfd22d95c\"></span></span><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Deferred tax assets and liabilities are recorded for temporary differences arising between the book and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">tax bases of assets and liabilities and for the benefits of tax credits and operating loss carry-forwards.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">However, deferred income tax is not accounted for if it arises from initial recognition of an asset or liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">in a transaction other than a business combination that, at the time of the transaction, affects neither</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">accounting nor taxable profit or loss. For deferred tax related to assets and liabilities arising from a single</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transaction that, on initial recognition, give rise to equal amounts of taxable and deductible temporary</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">differences. Moreover, deferred tax liabilities are not recognized if they arise from the initial recognition of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">goodwill. Deferred income tax is determined using tax rates and laws that have been enacted or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">substantively enacted by the reporting date and are expected to apply when the related deferred income</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">tax asset is realized or the deferred income tax liability is settled. Deferred income tax assets are</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized to the extent that it is probable that future taxable profit will be available against which the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:165.91pt\">temporary differences can be utilized.</span><span class=\"f charStyle-58d8bcbe ps12521\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group has determined that the global minimum top-up tax, which it may be required to pay under the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">OECD Pillar Two provisions as enacted in the tax legislation where the Group operates is an income tax</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">under the scope of IAS 12. The Group applies the exception to recognizing and disclosing information</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.3pt\">amendments to IAS 12 issued in May 2023.</span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.2.\u00a0Income taxes <span id=\"i94ed5e26153d43b088d8b47ff0784cb0\"></span></span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is required to make estimates and judgments in determining income tax for the period,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">comprising current and deferred income tax. The Group needs to assess the income tax expected to be</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">paid or the income tax benefit expected to be received related to the current year earnings in each tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">jurisdiction and recognizes deferred income tax for temporary differences arising between the tax bases</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">of assets and liabilities and their carrying amount in the consolidated financial statements, except when</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the initial recognition exception applies, as described in Note 7.6.7.6. Furthermore, the Group is required</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to assess all material open income tax positions in all tax jurisdictions to determine any uncertain tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.09pt\">positions, and to record a provision for those, if any.</span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group is also required to assess the likelihood of recovery of its deferred tax assets originated by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">net operating losses carried forward. This assessment requires the exercise of judgment with respect to,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">among other things, benefits that could be realized from available tax strategies and future taxable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">income, as well as other positive and negative factors. The ultimate realization of deferred tax assets is</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">dependent upon, among other things, the Group\u2019s ability to generate future taxable income that is</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">sufficient to utilize loss carry-forwards or tax credits before their expiration or the Group\u2019s ability to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:244.99pt\">implement prudent and feasible tax planning strategies.</span><span class=\"f charStyle-58d8bcbe ps12678\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.15pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12679\" style=\"width:88.41pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12680\" style=\"width:199.65pt\">, the Group reported deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps12681\" style=\"width:16.68pt\">303</span><span class=\"f charStyle-58d8bcbe ps12682\" style=\"width:37.82pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps12683\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12684\" style=\"width:11.41pt\">: $</span><span class=\"f charStyle-58d8bcbe ps12685\" style=\"width:16.68pt\">326</span><span class=\"f charStyle-58d8bcbe ps2607\" style=\"width:48.94pt\"> million) on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the consolidated statement of financial position. A significant portion of these deferred tax assets was</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">recorded in relation to net operating losses incurred in certain tax jurisdictions. These net operating losses</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">may not be realizable before their expiration, unless the Group is capable of identifying favorable tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.1pt\">strategies.</span><span class=\"f charStyle-58d8bcbe ps12686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group could reduce the amount of total deferred tax assets, resulting in a decrease in the total assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and, consequently, in equity, if the estimates of projected future taxable income and benefits from</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">available tax strategies are reduced as a result of a change in the assessment or due to other factors, or if</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.88pt\">changes in current tax regulation</span><span class=\"f charStyle-bdf8be45 ps12687\" style=\"width:316.11pt\"><span style=\"background-color:inherit\">s are enacted that impose restrictions on the timing or extent of the</span></span><span class=\"f charStyle-bdf8be45 ps1629\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:424.41pt\"><span style=\"background-color:inherit\">Group\u2019s ability to utilize net operating losses and tax credit carry-forwards in the future. In </span></span><span class=\"f charStyle-bdf8be45 ps12688\" style=\"width:22.24pt\"><span style=\"background-color:inherit\">2025</span></span><span class=\"f charStyle-bdf8be45 ps12689\" style=\"width:21.3pt\"><span style=\"background-color:inherit\">, the</span></span><span class=\"f charStyle-bdf8be45 ps1647\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:98.13pt\"><span style=\"background-color:inherit\">Group recorded a $</span></span><span class=\"f charStyle-bdf8be45 ps12690\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">53</span></span><span class=\"f charStyle-bdf8be45 ps12691\" style=\"width:358.65pt\"><span style=\"background-color:inherit\"> million income tax expense resulting from changes in the recognition of</span></span><span class=\"f charStyle-bdf8be45 ps1627\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:20.01pt\"><span style=\"background-color:inherit\">unre</span></span><span class=\"f charStyle-bdf8be45 ps6155\" style=\"width:447.96pt\"><span style=\"background-color:inherit\">cognized tax losses. A change in the tax rates applicable in the various jurisdictions or unfavorable</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:189.19pt\"><span style=\"background-color:inherit\">outcomes of any ongoing tax audits coul</span></span><span class=\"f charStyle-58d8bcbe ps12692\" style=\"width:278.74pt\">d have a material impact on the future tax provisions in the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.57pt\">periods in which these changes could occur.</span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group operates in many jurisdictions with highly complex and varied tax regimes. Management</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">applies professional judgment in assessing whether relevant tax authorities will accept reported tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">treatments under tax law. Those uncertainties may arise when tax laws are not clear or not consistently</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">understood, which generates ambiguity in the tax law interpretations and application. Those uncertainties</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are particularly present in tax jurisdictions or tax regimes where the expected amount to be paid or the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">expected tax benefit to be recognized arise from complex, lengthy and technical negotiations or require</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.64pt\">possible settlements involving a high degree of subjectivity and discretion.</span><span class=\"f charStyle-58d8bcbe ps12702\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Assumptions and estimates used in the assessment of uncertainties over income tax treatments include,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">but are not limited to: whether certain income tax treatments are considered jointly or separately when</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">assessing their degree of uncertainty; the assumptions the Group makes about the examination of tax</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">treatments by taxing authorities; how the Group determines taxable profits, deductions taken on tax</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">returns, unused tax losses, unused tax credits, applicable tax rates, the probability of acceptance of these</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">income tax treatments by the relevant taxing authorities or on the contrary to what extent the income tax</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">treatments as applied by the Group may be disallowed, including the outcome of unresolved disputes or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">settlements on existing tax audits; and consideration of changes in facts and circumstances requiring a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:238.34pt\">reassessment of applied judgments and assumptions.</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.67pt\">As of </span><span class=\"f charStyle-58d8bcbe ps12704\" style=\"width:90.93pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12705\" style=\"width:25.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12475\" style=\"width:90.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12706\" style=\"width:232.07pt\">, the Group reported unrecognized tax benefits for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.8pt\">uncertain tax treatments totaling $</span><span class=\"f charStyle-58d8bcbe ps12707\" style=\"width:16.68pt\">142</span><span class=\"f charStyle-58d8bcbe ps12708\" style=\"width:59.09pt\"> million and $</span><span class=\"f charStyle-58d8bcbe ps12709\" style=\"width:11.12pt\">42</span><span class=\"f charStyle-58d8bcbe ps12710\" style=\"width:230.27pt\"> million, respectively. $75 million has been classified</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:276.06pt\">as a reduction of the deferred tax assets ($19 million as of\u00a0 </span><span class=\"f charStyle-58d8bcbe ps12711\" style=\"width:89.93pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:101.94pt\">). Additionally, accrued</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.07pt\">interest and penalties amounted to\u00a0 $</span><span class=\"f charStyle-58d8bcbe ps5636\" style=\"width:42.66pt\">23\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12713\" style=\"width:28.52pt\"> as of </span><span class=\"f charStyle-58d8bcbe ps12714\" style=\"width:88.67pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12715\" style=\"width:77.72pt\"> ($6\u00a0million as of </span><span class=\"f charStyle-58d8bcbe ps12716\" style=\"width:63.22pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:73.02pt\">) are classified </span><span class=\"f charStyle-58d8bcbe ps12717\" style=\"width:136.36pt\">as other non-current liabilities</span><span class=\"f charStyle-58d8bcbe ps2320\" style=\"width:236.37pt\">. The tax years that remain open for review in the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:212.54pt\">Group\u2019s major tax jurisdictions are from 1997 to </span><span class=\"f charStyle-58d8bcbe ps12718\" style=\"width:22.24pt\">2025</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-424": {
   "value": "<div class=\"ps1728 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.7.\u00a0Earnings per share <span id=\"i90c07d78210a43cb97a7f860eb873905\"></span></span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Basic earnings per share (\"EPS\") are calculated by dividing the net earnings attributable to the equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">holders of the parent company by the weighted average number of ordinary shares outstanding during the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">period. Diluted EPS are calculated by dividing the net earnings attributable to the equity holders of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">parent company (adding-back finance costs, net of tax effects, related to convertible debt if determined to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">be dilutive) by the weighted average number of ordinary shares and potential ordinary shares outstanding</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">during the period. The weighted average shares used to compute diluted EPS include the incremental</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">shares of ordinary shares related to unvested shares and convertible debt to the extent such incremental</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">shares are dilutive. Unvested shares with performance conditions are included in the diluted EPS</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">calculation if their conditions have been met at the reporting date and if the awards are dilutive. If all the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">conditions have not been satisfied by the end of the period, the number of contingently issuable shares</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.81pt\">included in the diluted EPS is based on the number of shares that would be issuable if the end of the</span><span class=\"f charStyle-58d8bcbe ps3363\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:205.55pt\">period were the end of the contingency period.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-427": {
   "value": "<div class=\"ps2415 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.8.\u00a0Cash and cash equivalents <span id=\"i3ac71fa4fa6a45128ad392e7d8664acc\"></span></span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Cash and cash equivalents include cash on hand, deposits held at call with external financial institutions</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and other short-term highly liquid investments with effective maturities of three months or less. They are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">readily convertible to known amounts of cash and so near their maturity that they present insignificant risk</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.21pt\">of changes in value because of changes in interest rates.</span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Short-term deposits representing cash equivalents with maturity beyond three months and below one</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">year are reported as current assets in the line \u201cShort-term deposits\u201d of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">financial position.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-426": {
   "value": "<div class=\"ps2415 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.8.\u00a0Cash and cash equivalents <span id=\"i3ac71fa4fa6a45128ad392e7d8664acc\"></span></span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Cash and cash equivalents include cash on hand, deposits held at call with external financial institutions</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and other short-term highly liquid investments with effective maturities of three months or less. They are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">readily convertible to known amounts of cash and so near their maturity that they present insignificant risk</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.21pt\">of changes in value because of changes in interest rates.</span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Short-term deposits representing cash equivalents with maturity beyond three months and below one</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">year are reported as current assets in the line \u201cShort-term deposits\u201d of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">financial position.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.13.\u00a0Financial Assets<span id=\"i5fa5e37f9c53464b897ee9ca32d91f0c\"></span></span><span class=\"f charStyle-a745408e ps12595\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps12596\">7.6.7.13.1.\u00a0Offsetting financial instruments <span id=\"ie747bd461e4945969b4869a4b7934020\"></span></span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Financial assets and liabilities are offset and the net amount reported in the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">financial position when there is a legally enforceable right to offset the recognized amounts and there is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.05pt\">an intention to settle on a net basis or realize the asset and settle the liability simultaneously.</span><span class=\"f charStyle-58d8bcbe ps12597\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.2.\u00a0Classification <span id=\"i6c676fa5135347d7bf922f079c534a7e\"></span></span></div><div class=\"ps12600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.04pt\">The Group classifies its financial assets according to the following measurement categories:</span><span class=\"f charStyle-58d8bcbe ps12599\" style=\"width:2.77pt\"> </span></div><div class=\"ps6667 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at fair value, either at FVOCI or at </span><span class=\"f charStyle-58d8bcbe ps12601\">FVPL</span><span class=\"f charStyle-58d8bcbe ps12602\">; and</span></div><div class=\"ps10366 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at amortized cost.</span></div><div class=\"ps5054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Publicly traded equity securities are measured at FVPL (fair value through profit and loss) while the Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">has made the irrevocable election to measure equity securities with no readily determinable fair value at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">FVOCI, with subsequent changes in fair value not recycled through earnings. Derivative instruments that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps10014 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">are not designated as hedging instruments are measured at FVPL. Debt instruments, loans and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">receivables are measured at amortized cost or FVOCI, depending on the Group\u2019s business model in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">managing the assets. When the contractual terms of cash flows do not solely correspond to payments of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.85pt\">principal and interest (the \u201cSPPI criterion\u201d), the financial asset is mandatorily measured at FVPL.</span><span class=\"f charStyle-58d8bcbe ps12604\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.3.\u00a0Recognition and measurement<span id=\"i2d232870a7694574b7b0f3cf746f2d45\"></span></span><span class=\"f charStyle-a745408e ps12605\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Regular purchases and sales of financial assets are recognized on the trade date, which is the date the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Group commits to purchase or sell the asset. Investments are initially recognized at fair value plus</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">transaction costs for all financial assets not carried at fair value through profit or loss. Financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">carried at fair value through profit or loss are initially recognized at fair value, and transaction costs are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">expensed in the consolidated income statement. Financial assets are derecognized when the rights to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">receive cash flows from the investments have expired or have been transferred and the Group has</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.18pt\">transferred substantially all risks and rewards of ownership.</span><span class=\"f charStyle-58d8bcbe ps12606\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.17pt\">Debt instruments</span><span class=\"f charStyle-a745408e ps12607\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Subsequent measurement of debt instruments depends on the Group\u2019s business model for managing the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">asset and its cash flow characteristics. The contractual cash flows related to all debt instruments held by</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.98pt\">the Group meet the </span><span class=\"f charStyle-58d8bcbe ps12608\" style=\"width:22.75pt\">SPPI</span><span class=\"f charStyle-58d8bcbe ps12609\" style=\"width:356.18pt\"> criterion. There are two measurement categories into which the Group classifies</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:89.41pt\">its debt instruments:</span><span class=\"f charStyle-58d8bcbe ps12610\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Amortized cost: Assets that are held for collection of contractual cash flows are measured at</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">amortized cost. These assets typically correspond to trade accounts receivable, other</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">receivables, long-term loans and long-term receivables. They are reported as current, except for</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">maturities greater than twelve months after the reporting date, which are classified as non-</span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:33.88pt\">current.</span><span class=\"f charStyle-58d8bcbe ps12611\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">FVOCI: Assets that are held for collection of contractual cash flows or for selling are measured at</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">impairment losses, interest income and foreign exchange gains and losses, which are recognized</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">in the consolidated income statement. When the financial asset is derecognized, the cumulative</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">gain or loss previously recognized in OCI is recycled from equity to earnings, within \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d or \u201cOther expenses\u201d in the consolidated income statement, when the transactions for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">such instruments are related to the Group\u2019s operating activities. Gains and losses arising from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">financial assets not related to the operating activities of the Group are presented within \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d and \u201cFinance costs\u201d in the consolidated income statement. Debt instruments measured</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">at FVOCI are included in non-current assets unless management intends to dispose of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">investment within twelve months after the reporting date or if they represent investments of funds</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:139.99pt\">available for current operations.</span><span class=\"f charStyle-58d8bcbe ps12612\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:79.95pt\">Equity securities</span><span class=\"f charStyle-a745408e ps12613\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group subsequently measures all equity securities at fair value. The Group has elected to irrevocably</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measure equity securities with no readily determinable fair value at FVOCI, with no subsequent</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reclassification of fair value gains and losses, including impairment, from equity to earnings following the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.65pt\">derecognition of the financial assets.</span><span class=\"f charStyle-58d8bcbe ps12614\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Gains and losses arising from changes in the fair value of publicly traded equity securities, which are</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured at FVPL, are presented in the consolidated income statement within \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">expenses\u201d in the period in which they arise, when the transactions for such instruments are related to the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Group\u2019s operating activities. Gains and losses arising from changes in fair value of these financial assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">not related to the operating activities of the Group are presented within \u201cFinance income\u201d and \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.19pt\">costs\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12615\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.4.\u00a0Impairment of financial assets <span id=\"i4eea1c3d45f34f07abf8a4ec2d9ffaff\"></span></span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group assesses on a forward-looking basis the expected credit losses associated with its debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">whether there has been a significant increase in credit risk. The impairment methodology by category of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.84pt\">financial assets is further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12616\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">For trade receivables, the Group applies the simplified approach required by IFRS 9, which requires</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">expected lifetime credit losses to be recognized from initial recognition of the receivables as further</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.17.</span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.14.\u00a0Trade accounts receivable <span id=\"i9f397aeea2844ba3b0d2a646deb5c986\"></span></span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts receivable are amounts due from customers for goods sold or services rendered to third</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">parties in the ordinary course of business. The accounts receivable are recognized initially at transaction</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">price and subsequently measured at amortized cost using the effective interest method, less provision for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected credit losses. The carrying amount of the asset is reduced through the use of a credit loss</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">allowance, and the amount of the credit loss is recognized as \u201cSelling, general and administrative</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expenses\u201d in the consolidated income statement. When a trade receivable is uncollectible, it is written-off</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">against the impairment account for trade receivables. Subsequent recoveries of amounts previously</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">written off are credited against \u201cSelling, general and administrative expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.3pt\">statement. The impairment policies on trade receivables are further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12617\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">In the event of sales of receivables and factoring, the Group derecognizes the receivables and accounts</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">for them as a sale only to the extent that the receivables have been transferred outside the consolidated</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">group and the Group has transferred substantially all the risks and rewards of ownership of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.34pt\">receivables.</span></div></div><div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-425": {
   "value": "<div class=\"ps2415 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.8.\u00a0Cash and cash equivalents <span id=\"i3ac71fa4fa6a45128ad392e7d8664acc\"></span></span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Cash and cash equivalents include cash on hand, deposits held at call with external financial institutions</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and other short-term highly liquid investments with effective maturities of three months or less. They are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">readily convertible to known amounts of cash and so near their maturity that they present insignificant risk</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:252.21pt\">of changes in value because of changes in interest rates.</span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Short-term deposits representing cash equivalents with maturity beyond three months and below one</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">year are reported as current assets in the line \u201cShort-term deposits\u201d of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">financial position.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.13.\u00a0Financial Assets<span id=\"i5fa5e37f9c53464b897ee9ca32d91f0c\"></span></span><span class=\"f charStyle-a745408e ps12595\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps12596\">7.6.7.13.1.\u00a0Offsetting financial instruments <span id=\"ie747bd461e4945969b4869a4b7934020\"></span></span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Financial assets and liabilities are offset and the net amount reported in the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">financial position when there is a legally enforceable right to offset the recognized amounts and there is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.05pt\">an intention to settle on a net basis or realize the asset and settle the liability simultaneously.</span><span class=\"f charStyle-58d8bcbe ps12597\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.2.\u00a0Classification <span id=\"i6c676fa5135347d7bf922f079c534a7e\"></span></span></div><div class=\"ps12600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.04pt\">The Group classifies its financial assets according to the following measurement categories:</span><span class=\"f charStyle-58d8bcbe ps12599\" style=\"width:2.77pt\"> </span></div><div class=\"ps6667 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at fair value, either at FVOCI or at </span><span class=\"f charStyle-58d8bcbe ps12601\">FVPL</span><span class=\"f charStyle-58d8bcbe ps12602\">; and</span></div><div class=\"ps10366 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">those measured at amortized cost.</span></div><div class=\"ps5054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Publicly traded equity securities are measured at FVPL (fair value through profit and loss) while the Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps10367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">has made the irrevocable election to measure equity securities with no readily determinable fair value at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">FVOCI, with subsequent changes in fair value not recycled through earnings. Derivative instruments that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps10014 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">are not designated as hedging instruments are measured at FVPL. Debt instruments, loans and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">receivables are measured at amortized cost or FVOCI, depending on the Group\u2019s business model in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">managing the assets. When the contractual terms of cash flows do not solely correspond to payments of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.85pt\">principal and interest (the \u201cSPPI criterion\u201d), the financial asset is mandatorily measured at FVPL.</span><span class=\"f charStyle-58d8bcbe ps12604\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.3.\u00a0Recognition and measurement<span id=\"i2d232870a7694574b7b0f3cf746f2d45\"></span></span><span class=\"f charStyle-a745408e ps12605\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Regular purchases and sales of financial assets are recognized on the trade date, which is the date the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Group commits to purchase or sell the asset. Investments are initially recognized at fair value plus</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">transaction costs for all financial assets not carried at fair value through profit or loss. Financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">carried at fair value through profit or loss are initially recognized at fair value, and transaction costs are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">expensed in the consolidated income statement. Financial assets are derecognized when the rights to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">receive cash flows from the investments have expired or have been transferred and the Group has</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.18pt\">transferred substantially all risks and rewards of ownership.</span><span class=\"f charStyle-58d8bcbe ps12606\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.17pt\">Debt instruments</span><span class=\"f charStyle-a745408e ps12607\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Subsequent measurement of debt instruments depends on the Group\u2019s business model for managing the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">asset and its cash flow characteristics. The contractual cash flows related to all debt instruments held by</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.98pt\">the Group meet the </span><span class=\"f charStyle-58d8bcbe ps12608\" style=\"width:22.75pt\">SPPI</span><span class=\"f charStyle-58d8bcbe ps12609\" style=\"width:356.18pt\"> criterion. There are two measurement categories into which the Group classifies</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:89.41pt\">its debt instruments:</span><span class=\"f charStyle-58d8bcbe ps12610\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Amortized cost: Assets that are held for collection of contractual cash flows are measured at</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">amortized cost. These assets typically correspond to trade accounts receivable, other</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">receivables, long-term loans and long-term receivables. They are reported as current, except for</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">maturities greater than twelve months after the reporting date, which are classified as non-</span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:33.88pt\">current.</span><span class=\"f charStyle-58d8bcbe ps12611\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">FVOCI: Assets that are held for collection of contractual cash flows or for selling are measured at</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">impairment losses, interest income and foreign exchange gains and losses, which are recognized</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">in the consolidated income statement. When the financial asset is derecognized, the cumulative</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">gain or loss previously recognized in OCI is recycled from equity to earnings, within \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d or \u201cOther expenses\u201d in the consolidated income statement, when the transactions for</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">such instruments are related to the Group\u2019s operating activities. Gains and losses arising from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">financial assets not related to the operating activities of the Group are presented within \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.96pt\">income\u201d and \u201cFinance costs\u201d in the consolidated income statement. Debt instruments measured</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.98pt\">at FVOCI are included in non-current assets unless management intends to dispose of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">investment within twelve months after the reporting date or if they represent investments of funds</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:139.99pt\">available for current operations.</span><span class=\"f charStyle-58d8bcbe ps12612\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:79.95pt\">Equity securities</span><span class=\"f charStyle-a745408e ps12613\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group subsequently measures all equity securities at fair value. The Group has elected to irrevocably</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measure equity securities with no readily determinable fair value at FVOCI, with no subsequent</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reclassification of fair value gains and losses, including impairment, from equity to earnings following the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.65pt\">derecognition of the financial assets.</span><span class=\"f charStyle-58d8bcbe ps12614\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Gains and losses arising from changes in the fair value of publicly traded equity securities, which are</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured at FVPL, are presented in the consolidated income statement within \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">expenses\u201d in the period in which they arise, when the transactions for such instruments are related to the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Group\u2019s operating activities. Gains and losses arising from changes in fair value of these financial assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">not related to the operating activities of the Group are presented within \u201cFinance income\u201d and \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.19pt\">costs\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12615\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.4.\u00a0Impairment of financial assets <span id=\"i4eea1c3d45f34f07abf8a4ec2d9ffaff\"></span></span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group assesses on a forward-looking basis the expected credit losses associated with its debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">whether there has been a significant increase in credit risk. The impairment methodology by category of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.84pt\">financial assets is further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12616\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">For trade receivables, the Group applies the simplified approach required by IFRS 9, which requires</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">expected lifetime credit losses to be recognized from initial recognition of the receivables as further</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.17.</span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.14.\u00a0Trade accounts receivable <span id=\"i9f397aeea2844ba3b0d2a646deb5c986\"></span></span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts receivable are amounts due from customers for goods sold or services rendered to third</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">parties in the ordinary course of business. The accounts receivable are recognized initially at transaction</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">price and subsequently measured at amortized cost using the effective interest method, less provision for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected credit losses. The carrying amount of the asset is reduced through the use of a credit loss</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">allowance, and the amount of the credit loss is recognized as \u201cSelling, general and administrative</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expenses\u201d in the consolidated income statement. When a trade receivable is uncollectible, it is written-off</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">against the impairment account for trade receivables. Subsequent recoveries of amounts previously</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">written off are credited against \u201cSelling, general and administrative expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.3pt\">statement. The impairment policies on trade receivables are further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12617\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">In the event of sales of receivables and factoring, the Group derecognizes the receivables and accounts</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">for them as a sale only to the extent that the receivables have been transferred outside the consolidated</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">group and the Group has transferred substantially all the risks and rewards of ownership of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.34pt\">receivables.</span></div></div><div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div><div class=\"ps1861 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.17.\u00a0Financial Debt<span id=\"i07568e31282d494ea65de339c6345df4\"></span></span><span class=\"f charStyle-a745408e ps12642\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:53.3pt\">Bank loans</span><span class=\"f charStyle-a745408e ps12643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Bank loans are recognized initially at fair value, net of transaction costs incurred, if any. They are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs)</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and the redemption value is recognized within \u201cFinance costs\u201d in the consolidated income statement over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.43pt\">the period of the borrowings using the effective interest method.</span><span class=\"f charStyle-58d8bcbe ps12644\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Borrowings are classified as current liabilities unless the Group has at the reporting date an unconditional</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:388.17pt\">right to defer settlement of the liability for at least twelve months after the reporting date.</span><span class=\"f charStyle-58d8bcbe ps12645\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:134.89pt\">Hybrid financial instruments</span><span class=\"f charStyle-a745408e ps544\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group issued in 2020 convertible bonds that can be converted to share capital at the option of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">holder and that are callable by the Group, in certain events and circumstances, but for which the number</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:145.91pt\">of shares to be issued does vary.</span><span class=\"f charStyle-58d8bcbe ps12646\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The issuer\u2019s call option and the bondholder\u2019s conversion option are embedded non-equity derivative</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">instruments and are recognized separately from the debt host contract. Upon initial recognition, the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">derivatives are measured at fair value, and the debt is measured as a residual amount. The debt is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">subsequently measured at amortized cost using the effective interest method. The embedded derivatives</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are measured at fair value through profit and loss, with changes in fair value reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.84pt\">costs\u201d or \u201cFinance income\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1903 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.19.\u00a0Trade payables <span id=\"if0c2a27fa07c43b48cc59926a2b7379a\"></span></span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts payable are obligations to pay for goods or services that have been acquired in the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">ordinary course of business from suppliers. Trade payables are recognized initially at fair value and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">subsequently measured at amortized cost using the effective interest method when maturity of the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.92pt\">payables exceeds one year.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-428": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.9.\u00a0Inventories <span id=\"i0092c967f65b4b30bd08273ffc335112\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Inventories are stated at the lower of cost and net realizable value. Actual cost is based on an adjusted</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">standard cost, which approximates cost on a first-in, first-out basis for all categories of inventory (raw</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">manufacturing performance and is based on the normal utilization of its production capacity. In case of</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">underutilization of manufacturing facilities, the costs associated with unused capacity are not included in</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the valuation of inventories but charged directly to cost of sales. Net realizable value is based upon the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">estimated selling price in the ordinary course of business, less reasonably predictable costs of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.66pt\">completion, disposal and transportation.</span><span class=\"f charStyle-58d8bcbe ps12523\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">As described in Note 7.6.7.15, the Group hedges a portion of its Euro-denominated front-end</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">manufacturing costs of semi-finished goods. The Group may also hedge certain Singapore dollar-</span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">denominated forecasted transactions. The Group adjusts the initial carrying amount of inventory by the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cumulative amount of the hedging instrument fair value changes recorded as other comprehensive</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.65pt\">income for settled hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps12524\" style=\"width:2.77pt\"> </span></div><div class=\"ps2403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Inventory reserve is estimated for excess uncommitted inventory based on historical sales data, order</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">backlog and production plans. The Group performs, on a continuous basis, write-offs of inventories, which</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">have the characteristics of slow-moving, old production dates and technical obsolescence. The Group</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">evaluates its inventory to identify obsolete or slow-selling items, as well as inventory that is not of saleable</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">quality and records a specific reserve if the Group estimates the inventory will eventually be written-off.</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Inventory associated with obsolete or uncommitted inventory is expensed to \u201cCost of sales\u201d in the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140.55pt\">consolidated income statement.</span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.6.\u00a0Inventory obsolescence reserves and normal manufacturing capacity <span id=\"i1b1c6168776449ffa27ad0b7def24431\"></span></span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps7715\">thresholds </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Inventory is stated at the lower of cost or net realizable value. Actual cost is based on an adjusted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">standard cost which approximates cost on a first-in, first-out basis for all categories of inventory (raw</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">materials, work-in-process, finished products). Actual cost is therefore dependent on the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">manufacturing performance and is based on the normal utilization of its production capacity. In case of</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">underutilization of manufacturing facilities, the costs associated with unused capacity are not included in</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.58pt\">the valuation of inventories but charged directly to cost of sales. For the year ended </span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:88.53pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps12743\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the unused capacity charges amounted to $416 million compared to $370 million for the year ended</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.23pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps12744\" style=\"width:379.68pt\">. Net realizable value is the estimated selling price in the ordinary course of business,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:381.59pt\">less predictable costs of completion, disposal and transportation. Refer to Note 7.6.16.</span><span class=\"f charStyle-58d8bcbe ps12745\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Reserve for obsolescence is estimated for excess uncommitted inventory based on historical sales data,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">order backlog and production plans. The Group performs, on a continuous basis, inventory write-offs of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">inventories, which have the characteristics of slow-moving, old production dates and technical</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">obsolescence. The Group evaluates its inventory to identify obsolete or slow-selling items, as well as</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">inventory that is not of saleable quality and records a specific reserve if the Group estimates the inventory</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:124.21pt\">will eventually be written off.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-429": {
   "value": "<div class=\"ps2359 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.10.\u00a0Intangible assets with definite useful lives <span id=\"i1d11b7579f954cd2a2dcedab3e8f1bd6\"></span></span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Development costs are amortized, when the development is complete, on a straight-line basis over the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:265.53pt\">period of their expected benefits, not exceeding three years.</span><span class=\"f charStyle-58d8bcbe ps2057\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Amortization begins when the intangible asset is available for its intended use. Amortization reflects the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">pattern in which the asset\u2019s economic benefits are consumed, which usually consists in applying the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">straight-line method to allocate the cost of the intangible asset over the estimated useful life. The</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">amortization period and the amortization method for an intangible asset with a definite useful life are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:194.42pt\">reviewed at least at each financial year end.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.85pt\">A summary of the policies applied to the Group\u2019s intangible assets is as follows:</span><span class=\"f charStyle-58d8bcbe ps12529\" style=\"width:2.77pt\"> </span></div><div class=\"ps3815 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:137.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12533 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12530\">Technologies <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12531\">and</span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12532\">licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12536 ss919\"><div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12534\">Purchased <span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12537\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12538\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12535\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss919\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-8ec81ad0 ps12540\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-8ec81ad0 ps12541\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-8ec81ad0 ps12542\">costs<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss920\"><div><div class=\"ps6208 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Useful lives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12545 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12546 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12547 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12548 ss921\"><div><div class=\"ps11352 ss918\"><span class=\"f charStyle-dd7c1b62 ps12544\">Definite<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:44.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5119 ss922\"><div><div class=\"ps9567 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Amortization method used<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12552 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps9393\">useful life / 3-10 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12553 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12554 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps6358\">useful life / Max 4 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12556 ss923\"><div><div class=\"ps8495 ss918\"><span class=\"f charStyle-dd7c1b62 ps12550\">Straight line basis <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss918\"><span class=\"f charStyle-dd7c1b62 ps10457\">over estimated </span></div><div class=\"ps9571 ss918\"><span class=\"f charStyle-dd7c1b62 ps12555\">useful life / 3-5 </span></div><div class=\"ps12549 ss918\"><span class=\"f charStyle-dd7c1b62 ps12551\">years <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9083 ss924\"><div><div class=\"ps11840 ss418\"><span class=\"f charStyle-dd7c1b62 ps52\">Internally generated or acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12558 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12559 ss925\"><div><div class=\"ps11840 ss918\"><span class=\"f charStyle-dd7c1b62 ps12557\">Acquired<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12562 ss925\"><div><div class=\"ps8550 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12564 ss925\"><div><div class=\"ps8552 ss918\"><span class=\"f charStyle-dd7c1b62 ps12560\">Internally <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss918\"><span class=\"f charStyle-dd7c1b62 ps12561\">generated</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps12576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Land is not depreciated. Depreciation on fixed assets is computed using the straight-line method over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:139.97pt\">following estimated useful lives:</span><span class=\"f charStyle-58d8bcbe ps12577\" style=\"width:2.77pt\"> </span></div><div class=\"ps12590 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:93.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss927\"><div><div class=\"ps9104 ss926\"><span class=\"f charStyle-a9f4bb30 ps52\">Nature of tangible asset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12580 ss929\"><div><div class=\"ps12579 ss928\"><span class=\"f charStyle-a9f4bb30 ps9892\">Estimated<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss928\"><span class=\"f charStyle-a9f4bb30 ps9079\">useful life<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12582 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12581\">33 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Facilities &amp; leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12584 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">5-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2298 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12585 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">2-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps75 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12587 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">3-6 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12589 ss933\"><div><div class=\"ps5101 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">2-5 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-430": {
   "value": "<div class=\"ps5431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.11.\u00a0Property, plant and equipment <span id=\"ieb47a920d9ea4c63a5e309523d2cafca\"></span></span></div><div class=\"ps12569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Property, plant and equipment are stated at historical cost, net of public funding, accumulated</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps12570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">depreciation and any impairment losses. Property, plant and equipment acquired in a business</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps12571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">combination are recognized at fair value at the acquisition date. Major additions and improvements are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12572 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">capitalized, while minor replacements and repairs are expensed and reported as \u201cCost of sales\u201d, \u201cSelling,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">general and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.09pt\">income statement according to their intended use.</span><span class=\"f charStyle-58d8bcbe ps12574\" style=\"width:2.77pt\"> </span></div><div class=\"ps12576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Land is not depreciated. Depreciation on fixed assets is computed using the straight-line method over the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:139.97pt\">following estimated useful lives:</span><span class=\"f charStyle-58d8bcbe ps12577\" style=\"width:2.77pt\"> </span></div><div class=\"ps12590 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:93.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss927\"><div><div class=\"ps9104 ss926\"><span class=\"f charStyle-a9f4bb30 ps52\">Nature of tangible asset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12580 ss929\"><div><div class=\"ps12579 ss928\"><span class=\"f charStyle-a9f4bb30 ps9892\">Estimated<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss928\"><span class=\"f charStyle-a9f4bb30 ps9079\">useful life<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12582 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12581\">33 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Facilities &amp; leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12584 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">5-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2298 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12585 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12583\">2-10 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps75 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12587 ss931\"><div><div class=\"ps45 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">3-6 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-c2d5035f ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12589 ss933\"><div><div class=\"ps5101 ss928\"><span class=\"f charStyle-c2d5035f ps12586\">2-5 years<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group evaluates in each period whether the assets\u2019 useful lives should be reviewed, and adjusted if</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">appropriate, at the end of each reporting period. The Group also evaluates in each period whether there</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">is a reason to suspect that tangible assets or groups of assets might not be recoverable. Several</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps8017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">impairment indicators exist for making this assessment such as: restructuring plans, significant changes</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">in the technology, market, economic or legal environment in which the Group operates, available</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">evidence of obsolescence of the asset, or indication that its economic performance is, or will be, worse</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">than expected. For the purposes of assessing impairment, assets are grouped at the lowest levels for</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">which there are separately identifiable cash flows (cash-generating units). An impairment loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">recognized in the consolidated income statement for the amount by which the carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">asset or the cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">of an asset\u2019s fair value less costs of disposal and value in use. The fair value is usually estimated by the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group based on independent market appraisals and the value in use by applying the income approach.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group makes maximum use of market inputs and minimizes the use of unobservable inputs when</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.77pt\">measuring fair value.</span><span class=\"f charStyle-58d8bcbe ps12591\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">When property, plant and equipment are retired or otherwise disposed of, the net book value of the assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">is removed from the Group\u2019s books and the net gain or loss is included in \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:216.66pt\">expenses\u201d in the consolidated income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-431": {
   "value": "<div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.12.\u00a0Leases <span id=\"i2e1c778e4af44853890de58600306a71\"></span></span></div><div class=\"ps2225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group assesses at contract inception whether a contract implying the use of an asset is, or contains,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">a lease, which is the case if the contract conveys the right to control the use of an identified asset for a</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">period of time in exchange for consideration. The Group recognizes right-of-use assets at the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">commencement date of the lease as a category of \u201cProperty, plant and equipment\u201d in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">statement of financial position. The corresponding lease liabilities are reported on the line \u201cOther non-</span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">current financial liabilities\u201d on the consolidated statement of financial position when payment is expected</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">beyond twelve months, and in the line \u201cOther current financial liabilities\u201d for the current portion of the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">lease obligations. Lease arrangements with a sum of lease payments not exceeding $5,000 or a total</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:414.4pt\">duration lower than twelve months without a purchase option are excluded from capitalization.</span><span class=\"f charStyle-58d8bcbe ps12593\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The right-of-use asset is initially measured at cost, and subsequently at cost less accumulated</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">depreciation and any impairment losses or adjusted for certain re-measurements of the lease liability</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">when deemed necessary. For income statement purposes, the depreciation charge on right-of-use assets</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">is recorded on a straight-line basis over the lease period and reported as \u201cCost of sales\u201d, \u201cSelling, general</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and administrative expenses\u201d, or \u201cResearch and development expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.19pt\">statement according to the intended use of the leased asset.</span><span class=\"f charStyle-58d8bcbe ps12594\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The lease liability is initially measured at the present value of the lease payments that are not paid at the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">readily determined, the Group\u2019s incremental borrowing rate. Generally, the Group uses its incremental</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the lease liability and decreased by the lease payments. The interest cost is reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">costs\u201d of the consolidated income statement. The Group has applied judgment to determine the lease</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">term for some lease contracts with renewal options. The assessment of whether the Group is reasonably</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">certain to exercise such options impacts the lease term, which affects the amount of reported lease</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">liabilities and corresponding right-of-use assets. The carrying amount of lease liabilities is remeasured if</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">there is a modification, a change in the lease term, a change in the lease payments or a change in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">assessment of an option to purchase the underlying asset. Variable lease payments based on an index or</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">a rate are initially measured using the index or rate as of the commencement date. Potential future</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">increases in variable lease payments based on an index or rate are not included in the lease liability until</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">they take effect. When adjustments to lease payments based on an index or rate take effect, the lease</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.3pt\">liability is reassessed and adjusted against the right-of-use asset.</span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">For cash flow presentation purposes, cash payments for the principal portion of the lease liabilities are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">reported as cash flows used in financing activities. The interest expense recorded on the subsequent</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">measurement of lease liabilities are reported within cash flows from operations, consistent with the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Group\u2019s cash flow presentation for interest paid. Short-term lease payments and payments for leases of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.09pt\">low-value assets are reported as operating outflows.</span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.1.\u00a0Right-of-use assets and lease liabilities <span id=\"i022e44ab9758454db093c5f7f447a7d5\"></span></span></div><div class=\"ps2396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Significant assumptions and judgments may be made in applying the requirements of lease accounting,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:458.3pt\">such as the exercise of extension or renewal options and the determination of applicable discount rates.</span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group determines the lease term as the non-cancellable term of the lease, together with any periods</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:356.02pt\">by an option to terminate the lease, if it is reasonably certain not to be exercised.</span><span class=\"f charStyle-58d8bcbe ps6548\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group has elected not to recognize right-of-use assets and lease liabilities for some leases of low-</span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">value and for leases which term ends within 12 months with no purchase option at the date of initial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">application (primarily for certain office and IT small equipment). The Group leases land, buildings, cars</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">and certain equipment (including IT equipment) which have remaining lease terms between less than one</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year and 65 years. Certain lease contracts contain options to extend the leases by up to 30 years. The<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group applies judgment in evaluating if and when it is reasonably certain for the Group to exercise that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">option. In addition, the Group made an accounting policy election for all the asset classes to not account</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">for short-term leases, as described in Note 7.6.7.12. The Group considers all relevant factors that create</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">an economic incentive to exercise any existing option to extend or renew a lease arrangement. After the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">commencement date, the Group reassesses the lease term if there is a significant event or change in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">circumstances that is within its control and affects its ability to exercise or not exercise the option. In most</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">cases, the Group has included the extension or renewal option as part of the lease term of plants,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">buildings and equipment when the controlled use of the leased assets is significant and critical to its</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">operations. These leases generally include a non-cancellable period and there will be a significant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">negative effect on the normal course of the Group\u2019s business, should a replacement not be readily<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:42.23pt\">available.</span><span class=\"f charStyle-58d8bcbe ps5005\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">In calculating the present value of lease payments, the rate implicit in the lease should be used whenever</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">that rate is readily determinable. In most cases, this rate is not readily determinable and the Group uses</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">its incremental borrowing rate, which is derived from information available at the lease commencement</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">date. The Group gives consideration to its recent debt issuance as well as publicly available data for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">instruments with similar characteristics when calculating its incremental borrowing rates. Due to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">immateriality of any intra-quarter discount rate changes, the Group determines the discount rate based on</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.76pt\">the mid-quarter date.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:196.08pt\">Lease term and discount rate are as follows:</span></div><div class=\"ps12677 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:262.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8584 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4297 ss92\"><div><div class=\"ps8035 ss89\"><span class=\"f charStyle-a9f4bb30 ps9845\">As of December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss89\"><span class=\"f charStyle-a9f4bb30 ps12670\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss935\"><div><div class=\"ps5101 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average remaining lease term (in years)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12672 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">8<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12673 ss936\"><div><div class=\"ps4616 ss89\"><span class=\"f charStyle-c2d5035f ps12671\">9<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6589 ss937\"><div><div class=\"ps45 ss934\"><span class=\"f charStyle-c2d5035f ps52\">Weighted average discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12675 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.47%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12676 ss938\"><div><div class=\"ps8645 ss89\"><span class=\"f charStyle-c2d5035f ps12674\">3.82%<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-432": {
   "value": "<span class=\"f charStyle-a745408e ps1886\">7.6.7.13.\u00a0Financial Assets<span id=\"i5fa5e37f9c53464b897ee9ca32d91f0c\"></span></span><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:79.95pt\">Equity securities</span><span class=\"f charStyle-a745408e ps12613\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group subsequently measures all equity securities at fair value. The Group has elected to irrevocably</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measure equity securities with no readily determinable fair value at FVOCI, with no subsequent</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reclassification of fair value gains and losses, including impairment, from equity to earnings following the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.65pt\">derecognition of the financial assets.</span><span class=\"f charStyle-58d8bcbe ps12614\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Gains and losses arising from changes in the fair value of publicly traded equity securities, which are</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured at FVPL, are presented in the consolidated income statement within \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">expenses\u201d in the period in which they arise, when the transactions for such instruments are related to the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Group\u2019s operating activities. Gains and losses arising from changes in fair value of these financial assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">not related to the operating activities of the Group are presented within \u201cFinance income\u201d and \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.19pt\">costs\u201d in the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12615\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-433": {
   "value": "<div class=\"ps1702 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps12596\">7.6.7.13.1.\u00a0Offsetting financial instruments <span id=\"ie747bd461e4945969b4869a4b7934020\"></span></span></div><div class=\"ps2223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Financial assets and liabilities are offset and the net amount reported in the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">financial position when there is a legally enforceable right to offset the recognized amounts and there is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.05pt\">an intention to settle on a net basis or realize the asset and settle the liability simultaneously.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-434": {
   "value": "<span class=\"f charStyle-a745408e ps1825\">7.6.7.13.3.\u00a0Recognition and measurement<span id=\"i2d232870a7694574b7b0f3cf746f2d45\"></span></span><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:79.95pt\">Equity securities</span><span class=\"f charStyle-a745408e ps12613\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group subsequently measures all equity securities at fair value. The Group has elected to irrevocably</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measure equity securities with no readily determinable fair value at FVOCI, with no subsequent</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reclassification of fair value gains and losses, including impairment, from equity to earnings following the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.65pt\">derecognition of the financial assets.</span><span class=\"f charStyle-58d8bcbe ps12614\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Gains and losses arising from changes in the fair value of publicly traded equity securities, which are</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured at FVPL, are presented in the consolidated income statement within \u201cOther income\u201d or \u201cOther</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">expenses\u201d in the period in which they arise, when the transactions for such instruments are related to the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Group\u2019s operating activities. Gains and losses arising from changes in fair value of these financial assets</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">not related to the operating activities of the Group are presented within \u201cFinance income\u201d and \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:197.19pt\">costs\u201d in the consolidated income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-435": {
   "value": "<div class=\"ps1862 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1825\">7.6.7.13.4.\u00a0Impairment of financial assets <span id=\"i4eea1c3d45f34f07abf8a4ec2d9ffaff\"></span></span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group assesses on a forward-looking basis the expected credit losses associated with its debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">instruments carried at amortized cost and FVOCI. The impairment methodology applied depends on</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">whether there has been a significant increase in credit risk. The impairment methodology by category of</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.84pt\">financial assets is further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12616\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">For trade receivables, the Group applies the simplified approach required by IFRS 9, which requires</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">expected lifetime credit losses to be recognized from initial recognition of the receivables as further</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.17.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-436": {
   "value": "<div class=\"ps1917 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.14.\u00a0Trade accounts receivable <span id=\"i9f397aeea2844ba3b0d2a646deb5c986\"></span></span></div><div class=\"ps2458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts receivable are amounts due from customers for goods sold or services rendered to third</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">parties in the ordinary course of business. The accounts receivable are recognized initially at transaction</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">price and subsequently measured at amortized cost using the effective interest method, less provision for</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected credit losses. The carrying amount of the asset is reduced through the use of a credit loss</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">allowance, and the amount of the credit loss is recognized as \u201cSelling, general and administrative</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expenses\u201d in the consolidated income statement. When a trade receivable is uncollectible, it is written-off</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">against the impairment account for trade receivables. Subsequent recoveries of amounts previously</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">written off are credited against \u201cSelling, general and administrative expenses\u201d in the consolidated income</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps10379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:410.3pt\">statement. The impairment policies on trade receivables are further described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps12617\" style=\"width:2.77pt\"> </span></div><div class=\"ps2468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">In the event of sales of receivables and factoring, the Group derecognizes the receivables and accounts</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">for them as a sale only to the extent that the receivables have been transferred outside the consolidated</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">group and the Group has transferred substantially all the risks and rewards of ownership of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.34pt\">receivables.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-439": {
   "value": "<div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div><span class=\"f charStyle-a745408e ps1886\">7.6.7.17.\u00a0Financial Debt<span id=\"i07568e31282d494ea65de339c6345df4\"></span></span><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The issuer\u2019s call option and the bondholder\u2019s conversion option are embedded non-equity derivative</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">instruments and are recognized separately from the debt host contract. Upon initial recognition, the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">derivatives are measured at fair value, and the debt is measured as a residual amount. The debt is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">subsequently measured at amortized cost using the effective interest method. The embedded derivatives</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are measured at fair value through profit and loss, with changes in fair value reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.84pt\">costs\u201d or \u201cFinance income\u201d in the consolidated income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-438": {
   "value": "<div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div><div class=\"ps1861 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.17.\u00a0Financial Debt<span id=\"i07568e31282d494ea65de339c6345df4\"></span></span><span class=\"f charStyle-a745408e ps12642\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:53.3pt\">Bank loans</span><span class=\"f charStyle-a745408e ps12643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Bank loans are recognized initially at fair value, net of transaction costs incurred, if any. They are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs)</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and the redemption value is recognized within \u201cFinance costs\u201d in the consolidated income statement over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.43pt\">the period of the borrowings using the effective interest method.</span><span class=\"f charStyle-58d8bcbe ps12644\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Borrowings are classified as current liabilities unless the Group has at the reporting date an unconditional</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:388.17pt\">right to defer settlement of the liability for at least twelve months after the reporting date.</span><span class=\"f charStyle-58d8bcbe ps12645\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:134.89pt\">Hybrid financial instruments</span><span class=\"f charStyle-a745408e ps544\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group issued in 2020 convertible bonds that can be converted to share capital at the option of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">holder and that are callable by the Group, in certain events and circumstances, but for which the number</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:145.91pt\">of shares to be issued does vary.</span><span class=\"f charStyle-58d8bcbe ps12646\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The issuer\u2019s call option and the bondholder\u2019s conversion option are embedded non-equity derivative</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">instruments and are recognized separately from the debt host contract. Upon initial recognition, the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">derivatives are measured at fair value, and the debt is measured as a residual amount. The debt is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">subsequently measured at amortized cost using the effective interest method. The embedded derivatives</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are measured at fair value through profit and loss, with changes in fair value reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.84pt\">costs\u201d or \u201cFinance income\u201d in the consolidated income statement.</span><div class=\"ps1903 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.19.\u00a0Trade payables <span id=\"if0c2a27fa07c43b48cc59926a2b7379a\"></span></span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts payable are obligations to pay for goods or services that have been acquired in the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">ordinary course of business from suppliers. Trade payables are recognized initially at fair value and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">subsequently measured at amortized cost using the effective interest method when maturity of the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.92pt\">payables exceeds one year.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-437": {
   "value": "<div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.25pt\">Derivative financial instruments not designated as a hedge</span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The worldwide operations of the Group lead to an exposure to adverse movements in foreign currency</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">exchange rates. The Group enters into foreign currency forward contracts and currency options to reduce</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">its exposure to changes in exchange rates and the associated risk arising from the denomination of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">certain assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. In addition, forward</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contracts and currency options, including collars, are also used by the Group to reduce its exposure to</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover a large part</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">of R&amp;D expenditures and certain corporate expenses incurred by subsidiaries on behalf of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">STMicroelectronics International N.V. These intercompany transactions are not closely linked to ultimate</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">transactions with third parties and consequently, these derivatives do not qualify as hedging instruments</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.06pt\">under the requirements of IFRS 9.</span><span class=\"f charStyle-58d8bcbe ps12620\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These derivative financial instruments are initially and subsequently recorded at fair value. Fair value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments and realized gains and losses are recognized in the consolidated income statement in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.4pt\">line \u201cOther income\u201d or \u201cOther expenses\u201d.</span><span class=\"f charStyle-58d8bcbe ps12621\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div></div><span class=\"f charStyle-a745408e ps1886\">7.6.7.17.\u00a0Financial Debt<span id=\"i07568e31282d494ea65de339c6345df4\"></span></span><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The issuer\u2019s call option and the bondholder\u2019s conversion option are embedded non-equity derivative</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">instruments and are recognized separately from the debt host contract. Upon initial recognition, the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">derivatives are measured at fair value, and the debt is measured as a residual amount. The debt is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">subsequently measured at amortized cost using the effective interest method. The embedded derivatives</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are measured at fair value through profit and loss, with changes in fair value reported in the line \u201cFinance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.84pt\">costs\u201d or \u201cFinance income\u201d in the consolidated income statement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-440": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.15.\u00a0Derivative financial instruments and hedging activities <span id=\"ie5fad69c8bbd4bd69ddadafbccb72192\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Derivative financial instruments are classified as financial instruments measured at FVPL unless they are</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">designated as effective hedging instruments. All derivatives are carried as assets when their fair values</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.41pt\">are positive and as liabilities when their fair values are negative</span><span class=\"f charStyle-58d8bcbe ps12618\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps12619\" style=\"width:2.77pt\"> </span></div><div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:252.62pt\">Derivative financial instruments designated as hedge</span><span class=\"f charStyle-a745408e ps12622\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">These instruments correspond to forward currency contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.07pt\">which are entered into by the Group to hedge exposure to foreign currency fluctuations.</span><span class=\"f charStyle-58d8bcbe ps12623\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">For the purpose of hedge accounting, the hedging transactions are classified as cash flow hedge as they</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:377.75pt\">hedge exposure to variability in cash flows of highly probable forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12624\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.41pt\">The following criteria must be in place before the Group applies hedge accounting:</span><span class=\"f charStyle-58d8bcbe ps12625\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">at the inception of the transaction, the Group formally documents the economic relationship</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.88pt\">between hedging instruments and hedged items, as well as its risk management objectives and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:154.99pt\">strategy for undertaking the hedge;</span><span class=\"f charStyle-58d8bcbe ps12626\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">the Group also documents its assessment, both at hedge inception and on an ongoing basis, of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">whether the derivatives that are used in hedging transactions are highly effective in offsetting</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:194.43pt\">changes of cash flows of hedged items; and</span><span class=\"f charStyle-58d8bcbe ps12627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the highly probable forecasted transactions designated as hedged items will ultimately affect the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:140.55pt\">consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps12628\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">To further reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges a portion of its</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Euro-denominated forecasted purchases of products with underlying front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">costs of semi-finished goods incurred in Euros, since these transactions are considered highly probable to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">occur and are closely linked to ultimate transactions with third parties. The Group may also hedge certain</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:308.9pt\">Singapore dollar-denominated manufacturing forecasted transactions.</span><span class=\"f charStyle-58d8bcbe ps12629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">These derivative financial instruments are initially recognized at fair value. The effective portion of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">gain or loss on the hedging instrument is recognized in other comprehensive income. The Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">elected to designate the full change in fair value, including the time value of options or combination of</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">options, as the hedging instrument.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-441": {
   "value": "<div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.16.\u00a0Employee benefits <span id=\"i7768cc22bd8e4aa3ba171384360ff3ec\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group operates various post-employment schemes, including both defined benefit and defined</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:118.9pt\">contribution pension plans.</span><span class=\"f charStyle-58d8bcbe ps12630\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.88pt\">Pension obligations</span><span class=\"f charStyle-a745408e ps3182\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group sponsors various pension schemes for its employees. These schemes conform to local</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">regulations and practices of the countries in which the Group operates. Defined benefit pension plans</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">define amounts of pension benefits that employees will receive on retirement, usually dependent on one</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">or more factors such as age, years of service and compensation. The liability recognized in the line</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">\u201cEmployee benefits\u201d in the consolidated statement of financial position in respect of defined benefit</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">pension plans is the present value of the defined benefit obligation at the reporting date less the fair value</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of plan assets. Significant estimates are used in determining the assumptions incorporated in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">calculation of the pension obligations, which is supported by input from independent actuaries. The</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">defined benefit obligation is calculated annually using the projected unit credit method. The present value</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">of the defined benefit obligation is determined by discounting the estimated future cash outflows using in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">most cases interest rates of high-quality corporate bonds that are denominated in the currency in which</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the benefits will be paid, and that have terms to maturity approximating the terms of the related pension</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45.56pt\">obligation.</span><span class=\"f charStyle-58d8bcbe ps4891\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">charged or credited to equity in other comprehensive income in the period in which they arise. Past</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.28pt\">service costs are recognized immediately in profit or loss.</span><span class=\"f charStyle-58d8bcbe ps12631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For defined contribution plans, the Group pays contributions to publicly or privately administered pension</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">obligations once the contributions have been paid. The contributions are recognized as employee benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.85pt\">refund or a reduction in the future payments is available.</span><span class=\"f charStyle-58d8bcbe ps12632\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:165.44pt\">Other long-term employee benefits</span><span class=\"f charStyle-a745408e ps12633\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group provides long-term employee benefits such as seniority awards in certain countries. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">entitlement to these benefits is usually conditional on the employee completing a minimum service period.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.59pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The expected costs of these benefits are accrued over the period of employment. Actuarial gains and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">losses arising from experience adjustments, and changes in actuarial assumptions, are charged or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">credited to earnings in the period of change. These obligations are valued annually with the assistance of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.13pt\">independent qualified actuaries.</span><span class=\"f charStyle-58d8bcbe ps12634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Termination benefits</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Termination benefits are payable when employment is terminated by the Group before the normal</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">retirement date, or whenever an employee accepts voluntary termination in exchange for these benefits.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.59pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group recognizes termination benefits at the earlier of the following dates: (a)\u00a0when the Group can</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">no longer withdraw the offer of those benefits; and (b)\u00a0when the entity recognizes costs for a restructuring</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">that is within the scope of IAS 37 and involves the payment of termination benefits. Benefits falling due</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:360.5pt\">more than twelve months after the reporting date are discounted to present value.</span><span class=\"f charStyle-58d8bcbe ps12636\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:147.61pt\">Profit-sharing and bonus plans</span><span class=\"f charStyle-a745408e ps12637\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group recognizes a liability and an expense for bonuses and profit-sharing plans when it is</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.27pt\">contractually obliged or where there is a past practice that has created a constructive obligation.</span><span class=\"f charStyle-58d8bcbe ps8491\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:130.48pt\">Share-based compensation</span><span class=\"f charStyle-a745408e ps12638\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:222.16pt\">All the share plans of the Group are equity settled.</span><span class=\"f charStyle-58d8bcbe ps12639\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The fair value of the employee services received in exchange for the grant of share-based awards is</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">recognized as an expense and as a corresponding increase in shareholders\u2019 equity. The total amount to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">be expensed over the vesting period, which is the period over which all of the specified vesting conditions</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">are to be satisfied, is determined by reference to the fair value of awards granted is measured based on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the market price of the underlying shares at the date of grant, as observed on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Exchange, reduced by the present value of the dividends expected to be paid on the shares during the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">requisite service period. No other features of the equity instruments granted is incorporated in the fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">value measurement. Non-market performance and service conditions are included in assumptions about</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the number of instruments that are expected to vest. Any applicable employee social charges are also</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.48pt\">expensed ratably over the same period as the share-based compensation expense.</span><span class=\"f charStyle-58d8bcbe ps12640\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">At the end of each reporting period, the Group revises its estimates of the number of instruments that are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected to vest based on the non-market vesting conditions. It recognizes the impact of the revision to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">original estimates, if any, in the consolidated income statement, with a corresponding adjustment to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.7pt\">equity.</span><span class=\"f charStyle-58d8bcbe ps12641\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.4.\u00a0Pension obligations <span id=\"i15d478e9a1bd4beaba7c165d736b0d93\"></span></span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group sponsors various pension schemes for its employees. The expense incurred under the defined</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">benefit pension plans is based upon statistical and actuarial calculations and is impacted by assumptions</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">on discount rates used to reach the present value of future pension liabilities, expected return that will be</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">made on existing pension assets, future salary increases as well as future pension increases and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statistical-based assumptions covering future withdrawals of participants from the plan and estimates of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.65pt\">life expectancy. Refer to Note 7.6.23.</span><span class=\"f charStyle-58d8bcbe ps1010\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The actuarial assumptions used may differ materially from actual results due to changes in market and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">economic conditions, higher or lower withdrawal rates or longer or shorter life spans of participants and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">may significantly impact the amount of pension costs and pension liabilities to be recognized in the period</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.87pt\">in which such determination is made.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-442": {
   "value": "<div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.88pt\">Pension obligations</span><span class=\"f charStyle-a745408e ps3182\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group sponsors various pension schemes for its employees. These schemes conform to local</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">regulations and practices of the countries in which the Group operates. Defined benefit pension plans</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">define amounts of pension benefits that employees will receive on retirement, usually dependent on one</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">or more factors such as age, years of service and compensation. The liability recognized in the line</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">\u201cEmployee benefits\u201d in the consolidated statement of financial position in respect of defined benefit</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">pension plans is the present value of the defined benefit obligation at the reporting date less the fair value</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of plan assets. Significant estimates are used in determining the assumptions incorporated in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">calculation of the pension obligations, which is supported by input from independent actuaries. The</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">defined benefit obligation is calculated annually using the projected unit credit method. The present value</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">of the defined benefit obligation is determined by discounting the estimated future cash outflows using in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">most cases interest rates of high-quality corporate bonds that are denominated in the currency in which</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the benefits will be paid, and that have terms to maturity approximating the terms of the related pension</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45.56pt\">obligation.</span><span class=\"f charStyle-58d8bcbe ps4891\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">charged or credited to equity in other comprehensive income in the period in which they arise. Past</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2358 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.28pt\">service costs are recognized immediately in profit or loss.</span><span class=\"f charStyle-58d8bcbe ps12631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For defined contribution plans, the Group pays contributions to publicly or privately administered pension</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">obligations once the contributions have been paid. The contributions are recognized as employee benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.85pt\">refund or a reduction in the future payments is available.</span><span class=\"f charStyle-58d8bcbe ps12632\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:165.44pt\">Other long-term employee benefits</span><span class=\"f charStyle-a745408e ps12633\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group provides long-term employee benefits such as seniority awards in certain countries. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">entitlement to these benefits is usually conditional on the employee completing a minimum service period.</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.59pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The expected costs of these benefits are accrued over the period of employment. Actuarial gains and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">losses arising from experience adjustments, and changes in actuarial assumptions, are charged or</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">credited to earnings in the period of change. These obligations are valued annually with the assistance of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.13pt\">independent qualified actuaries.</span><span class=\"f charStyle-58d8bcbe ps12634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5960 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.20.\u00a0Provisions <span id=\"id6f9140f36454ccf9a43f3c15a76093f\"></span></span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Provisions for restructuring costs and legal claims, if any, are recognized when: the Group has a present</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">legal or constructive obligation as a result of past events; it is probable that an outflow of resources</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">embodying economic benefits will be required to settle the obligation; and the amount has been reliably</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301.62pt\">estimated. Provisions are not recognized for future operating losses.</span><span class=\"f charStyle-58d8bcbe ps3399\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">reflects current market assessments of the time value of money and, when appropriate, the risk specific to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:430.32pt\">the obligation. The increase in the provision due to passage of time is recognized as finance cost.</span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.4.\u00a0Pension obligations <span id=\"i15d478e9a1bd4beaba7c165d736b0d93\"></span></span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group sponsors various pension schemes for its employees. The expense incurred under the defined</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">benefit pension plans is based upon statistical and actuarial calculations and is impacted by assumptions</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">on discount rates used to reach the present value of future pension liabilities, expected return that will be</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">made on existing pension assets, future salary increases as well as future pension increases and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statistical-based assumptions covering future withdrawals of participants from the plan and estimates of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.65pt\">life expectancy. Refer to Note 7.6.23.</span><span class=\"f charStyle-58d8bcbe ps1010\" style=\"width:2.77pt\"> </span></div><div class=\"ps1910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The actuarial assumptions used may differ materially from actual results due to changes in market and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">economic conditions, higher or lower withdrawal rates or longer or shorter life spans of participants and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">may significantly impact the amount of pension costs and pension liabilities to be recognized in the period</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.87pt\">in which such determination is made.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-443": {
   "value": "<div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Termination benefits</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps2416 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Termination benefits are payable when employment is terminated by the Group before the normal</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">retirement date, or whenever an employee accepts voluntary termination in exchange for these benefits.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.59pt\"> </span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group recognizes termination benefits at the earlier of the following dates: (a)\u00a0when the Group can</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">no longer withdraw the offer of those benefits; and (b)\u00a0when the entity recognizes costs for a restructuring</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">that is within the scope of IAS 37 and involves the payment of termination benefits. Benefits falling due</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:360.5pt\">more than twelve months after the reporting date are discounted to present value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-444": {
   "value": "<div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:130.48pt\">Share-based compensation</span><span class=\"f charStyle-a745408e ps12638\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:222.16pt\">All the share plans of the Group are equity settled.</span><span class=\"f charStyle-58d8bcbe ps12639\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The fair value of the employee services received in exchange for the grant of share-based awards is</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">recognized as an expense and as a corresponding increase in shareholders\u2019 equity. The total amount to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">be expensed over the vesting period, which is the period over which all of the specified vesting conditions</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">are to be satisfied, is determined by reference to the fair value of awards granted is measured based on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">the market price of the underlying shares at the date of grant, as observed on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Exchange, reduced by the present value of the dividends expected to be paid on the shares during the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">requisite service period. No other features of the equity instruments granted is incorporated in the fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">value measurement. Non-market performance and service conditions are included in assumptions about</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the number of instruments that are expected to vest. Any applicable employee social charges are also</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.48pt\">expensed ratably over the same period as the share-based compensation expense.</span><span class=\"f charStyle-58d8bcbe ps12640\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">At the end of each reporting period, the Group revises its estimates of the number of instruments that are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">expected to vest based on the non-market vesting conditions. It recognizes the impact of the revision to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">original estimates, if any, in the consolidated income statement, with a corresponding adjustment to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.7pt\">equity.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-445": {
   "value": "<div class=\"ps2359 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:53.3pt\">Bank loans</span><span class=\"f charStyle-a745408e ps12643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Bank loans are recognized initially at fair value, net of transaction costs incurred, if any. They are</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">subsequently stated at amortized cost; any difference between the proceeds (net of transaction costs)</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">and the redemption value is recognized within \u201cFinance costs\u201d in the consolidated income statement over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.43pt\">the period of the borrowings using the effective interest method.</span><span class=\"f charStyle-58d8bcbe ps12644\" style=\"width:2.77pt\"> </span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Borrowings are classified as current liabilities unless the Group has at the reporting date an unconditional</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:388.17pt\">right to defer settlement of the liability for at least twelve months after the reporting date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-446": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.18.\u00a0Equity<span id=\"i78a53c63d4284fe78b175b950d78e26e\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:105.5pt\">Ordinary share capital</span><span class=\"f charStyle-a745408e ps12648\" style=\"width:2.77pt\"> </span></div><div class=\"ps3030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Company has issued ordinary shares that are classified as equity. Incremental external costs that are</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:382.51pt\">directly attributable to the issuance of these shares are recognized in equity, net of tax.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-447": {
   "value": "<div class=\"ps10983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:77.22pt\">Treasury shares</span><span class=\"f charStyle-a745408e ps12650\" style=\"width:2.77pt\"> </span></div><div class=\"ps2437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Own equity instruments which are acquired (treasury shares) are deducted from equity for the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2438 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">consideration paid including any directly attributable incremental costs (net of taxes). No gain or loss is</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">recognized in the income statement on the purchase, sale, issue or cancellation of the Company\u2019s own</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:83.87pt\">equity instruments.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-448": {
   "value": "<div class=\"ps2398 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:169.31pt\">Dividends on ordinary share capital</span><span class=\"f charStyle-a745408e ps12652\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Dividends on ordinary shares are recognized as a liability and deducted from equity when they are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.62pt\">approved by the Company\u2019s shareholders.</span><span class=\"f charStyle-58d8bcbe ps12653\" style=\"width:2.77pt\"> </span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Dividends for the year that are approved after the reporting date are dealt with as an event after the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:64.44pt\">reporting date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-449": {
   "value": "<div class=\"ps1903 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.19.\u00a0Trade payables <span id=\"if0c2a27fa07c43b48cc59926a2b7379a\"></span></span></div><div class=\"ps3883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Trade accounts payable are obligations to pay for goods or services that have been acquired in the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">ordinary course of business from suppliers. Trade payables are recognized initially at fair value and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">subsequently measured at amortized cost using the effective interest method when maturity of the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.92pt\">payables exceeds one year.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-450": {
   "value": "<div class=\"ps1874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.21.\u00a0Contingencies <span id=\"i70b9f62e32bc487faeee9d268d014a8f\"></span></span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The Group is subject to the possibility of loss contingencies arising in the ordinary course of business.</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.59pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">These include but are not limited to: warranty cost on the products of the Group, breach of contract</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">claims, claims for unauthorized use of third-party IP, tax claims and provisions for specifically identified</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">income tax exposures as well as claims for environmental damages. In determining loss contingencies,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">the Group considers the likelihood of a loss of an asset or the incurrence of a liability as well as the ability</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">to reasonably estimate the amount of such loss or liability. The Group regularly evaluates claims to</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determine whether provisions need to be recorded based on the most current information available to the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">Group. Changes in these evaluations could result in adverse, material impact on the Group\u2019s results of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1929 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:351.59pt\">operations, cash flows or its financial position for the period in which they occur.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-451": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.7.22.\u00a0Segment reporting <span id=\"i8fd30404a55844e68e29fc49e5461c1c\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Operating segments are defined as a component of the entity that (i)\u00a0engages in business activities from</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">which it may earn revenues and incur expenses, (ii)\u00a0whose operating results are regularly reviewed by the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">entity\u2019s Chief Operating Decision Maker (\"CODM\") - members of the Managing Board under the oversight</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">of the Supervisory Board, to make decisions about resources to be allocated to the segments and assess</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.59pt\">its performance and (iii)\u00a0for which discrete financial information is available.</span><span class=\"f charStyle-58d8bcbe ps12655\" style=\"width:2.77pt\"> </span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">For the computation of the segments\u2019 internal financial measurements, the Group uses certain internal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">rules of allocation for the costs not directly chargeable to the segments, including cost of sales, SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses, and a part of R&amp;D expenses. In compliance with the Group\u2019s internal policies, certain costs are</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">not allocated to the segments, but reported in \u201cOthers\u201d. Those comprise unused capacity charges,</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">including incidents leading to power outage, certain unallocated impairment, restructuring charges and</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">other related phase-out costs, management reorganization expenses, start-up costs, and other</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">unallocated income (expenses) such as: strategic or special R&amp;D programs, certain corporate-level</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">operating expenses, patent claims and litigations, and other costs that are not allocated to reportable</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.86pt\">segments, as well as operating earnings of other products.</span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Wafer costs are allocated to the segments based on actual cost. From time to time, with respect to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.95pt\">specific technologies, wafer costs are allocated to segments based on market price.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-452": {
   "value": "<div class=\"ps2226 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.8. Critical accounting estimates and judgments<span id=\"i9d151b2169934018bf06fe152652b266\"></span></span><span class=\"f charStyle-a745408e ps12656\"> </span></div><div class=\"ps1904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Estimates and judgments are continually evaluated and are based on historical experience and other</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">factors, including expectations of future events that are believed to be reasonable under current</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">circumstances. The Group operates on a worldwide basis in an economic environment impacted by many</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">risk factors, which generates uncertainties on future economic conditions. These risk factors include, but</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">are not limited to, macro-economic factors such as inflationary trends, volatility in exchange rates and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">prices, tariffs and trade tensions, shifting global trade patterns and geopolitical risks and uncertainties</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">from military conflicts, as well as sustainability and climate change specific risks, which may have an</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.66pt\">impact on the Group\u2019s forward-looking growth and financial outlook. The Group operated in </span><span class=\"f charStyle-58d8bcbe ps12657\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12658\" style=\"width:22.05pt\"> with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">solid fundamentals and a strong capital structure. There are no conditions and events which raise</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">substantial doubt about the Group\u2019s ability to continue as a going concern, in light with: its current</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">financial condition, including its liquidity sources; its obligations \u2013 due or anticipated; the funds necessary</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:331.25pt\">to maintain the Group\u2019s operations; and other conditions and events, if any.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-454": {
   "value": "<div class=\"ps3072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.7. Control assessment and consolidation<span id=\"if43a103a40734df984fb552f39329710\"></span></span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">device manufacturing activities in China. The purpose of the entity is to support the rising demand for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group's SiC devices for car electrification and industrial power and energy applications in China. With the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">creation and future operations of Sanan ST JV, the Group seeks to create a fully integrated vertical value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">chain aiming at serving the Chinese electrification market. Sanan Optoelectronics will build a separate</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">200mm SiC substrate manufacturing facility to fulfill Sanan ST JV's needs. Sanan ST JV will produce SiC</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">devices exclusively for the Group, using the Group's proprietary SiC manufacturing process technology</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and know how and serving as a dedicated foundry to support the Group's demand for Chinese customers.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:336.59pt\">The Group fully consolidates Sanan ST JV, with the recognition of </span><span class=\"f charStyle-58d8bcbe ps12748\" style=\"width:20.01pt\">51%</span><span class=\"f charStyle-58d8bcbe ps12749\" style=\"width:111.3pt\"> noncontrolling interest.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:390.1pt\">Noncontrolling interest amounted to $312 million as of December 31, 2025 compared to </span><span class=\"f charStyle-58d8bcbe ps12750\" style=\"width:53.35pt\">$156\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12751\" style=\"width:24.45pt\"> as of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">December 31, 2024. This increase includes a $156 million contribution from Sanan Optoelectronics to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">Sanan JV's capital increase in 2025. Profit and loss reported by Sanan ST JV for the year ended</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">December 31, 2025 and 2024 were not significant. The carrying amount of Sanan ST JV's main assets</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">and liabilities, together with their classification in the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:387.21pt\">December 31, 2025 and 2024, are separately disclosed in Note 7.6.10 and Note 7.6.22.</span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The total amount for the full build out of the joint venture will also be financed by local government support</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:289.39pt\">and loans or further support from stockholders to the joint venture</span><span class=\"f charStyle-58d8bcbe ps12752\" style=\"width:2.77pt\">.</span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.9. Invest<span id=\"i8afb2cced186430cbc0f042d435795db\"></span></span><span class=\"f charStyle-a745408e ps12753\">ments in subsidiaries</span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following table lists the Company\u2019s consolidated subsidiaries and its percentage ownership as of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">:</span></div><div class=\"ps12901 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss946 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:240pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:18.75pt\"><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13 ss939\"><div><div class=\"ps9235 ss350\"><span class=\"f charStyle-ba8ac8da ps2240\">Legal Seat<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps8789 ss941\"><div><div class=\"ps9235 ss940\"><span class=\"f charStyle-ba8ac8da ps52\">Name<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps12757 ss942\"><div><div class=\"ps9325 ss51\"><span class=\"f charStyle-ba8ac8da ps6482\">Percentage\u00a0ownership<span class=\"f ps26\"> </span></span></div><div class=\"ps9235 ss51\"><span class=\"f charStyle-ba8ac8da ps12756\">(direct or indirect)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps8588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Australia, Sydney<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12759 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics PTY Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12761 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Austria, Graz<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12762 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Austria GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12763 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps5398 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Belgium, Diegem<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12764 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Belgium N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12765 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5476 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Brazil, Sao Paulo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12766 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltda<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12767 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9513 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Canada, Ottawa<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12768 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Canada), Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12769 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Beijing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12770 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Beijing) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12771 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12772 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Chongqing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12773 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">SANAN, STMicroelectronics Co., Ltd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12775 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">49<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shanghai<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12776 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (China) Investment Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12777 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12778 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12779 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Shenzhen STS Microelectronics Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12780 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">60<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2730 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12781 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Shenzhen) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12782 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8089 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Czech Republic, Prague<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12783 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Design and Application s.r.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12784 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Denmark, Aarhus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12785 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics A/S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12786 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8705 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Egypt, Cairo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12787 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Egypt SSC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12788 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Finland, Nummela<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12789 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finland Oy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12790 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2736 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Crolles<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12791 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Crolles 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12792 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5265 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12793 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Alps) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12794 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12795 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12796 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grenoble 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12797 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8908 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Le Mans<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12798 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grand Ouest) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12799 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7923 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Montrouge<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12800 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics France SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7934 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12801 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Rousset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12802 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Rousset) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12803 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps10094 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Tours<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12804 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Tours) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12805 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12806 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12807 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12808 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11897 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12809 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Application GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12810 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12811 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Hong Kong, Kowloon<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12812 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12813 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12814 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">India, Noida<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12815 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pvt Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12816 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12817 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Israel, Netanya<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12818 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12819 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8400 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Agrate Brianza<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12820 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12821 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12822 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Naples<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12823 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12824 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12825 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Japan, Tokyo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12826 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics KK<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12827 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12828 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Kuala Lumpur<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12829 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12830 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12831 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12832 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12833 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12834 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12835 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services Sdn.Bhd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12836 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malta, Kirkop<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12837 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Malta) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12838 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12839 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Mexico, Guadalajara<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12840 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing, S. de R.L. de C.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12841 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11439 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Morocco, Casablanca<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12842 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (MAROC) SAS, a associ\u00e9 unique <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12843 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12844 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12845 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance B.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12846 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12848 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance II N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12849 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12850 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12851 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics International N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12852 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12853 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12854 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12855 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12856 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12857 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Mountain Drive Property, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12858 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">40<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12859 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12860 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Asia Pacific Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12861 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5206 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12862 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12863 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12864 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Slovenia, Ljubljana<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12865 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics d.o.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12866 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12867 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Spain, Barcelona<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12868 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Iberia S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12869 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12870 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, J\u00f6nk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12871 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Software AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12872 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12873 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Kista<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12874 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12875 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12876 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Norrk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12877 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Silicon Carbide AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12878 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12879 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12880 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Re S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12881 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12882 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12883 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12884 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12885 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Thailand, Bangkok<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12886 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Thailand) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12887 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12432 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-b7fd29e5 ps2240\">Tunisia, Ariana</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12888 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-b7fd29e5 ps52\">STMicroelectronics Tunisie</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12889 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12890 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12891 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Research &amp; Development) Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12892 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12893 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12894 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12895 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12896 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12897 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12898 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps11481 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12899 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (North America) Holding, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12900 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-453": {
   "value": "<div class=\"ps3072 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.8.7. Control assessment and consolidation<span id=\"if43a103a40734df984fb552f39329710\"></span></span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">device manufacturing activities in China. The purpose of the entity is to support the rising demand for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group's SiC devices for car electrification and industrial power and energy applications in China. With the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">creation and future operations of Sanan ST JV, the Group seeks to create a fully integrated vertical value</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">chain aiming at serving the Chinese electrification market. Sanan Optoelectronics will build a separate</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">200mm SiC substrate manufacturing facility to fulfill Sanan ST JV's needs. Sanan ST JV will produce SiC</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">devices exclusively for the Group, using the Group's proprietary SiC manufacturing process technology</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">and know how and serving as a dedicated foundry to support the Group's demand for Chinese customers.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:336.59pt\">The Group fully consolidates Sanan ST JV, with the recognition of </span><span class=\"f charStyle-58d8bcbe ps12748\" style=\"width:20.01pt\">51%</span><span class=\"f charStyle-58d8bcbe ps12749\" style=\"width:111.3pt\"> noncontrolling interest.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:390.1pt\">Noncontrolling interest amounted to $312 million as of December 31, 2025 compared to </span><span class=\"f charStyle-58d8bcbe ps12750\" style=\"width:53.35pt\">$156\u00a0million</span><span class=\"f charStyle-58d8bcbe ps12751\" style=\"width:24.45pt\"> as of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">December 31, 2024. This increase includes a $156 million contribution from Sanan Optoelectronics to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">Sanan JV's capital increase in 2025. Profit and loss reported by Sanan ST JV for the year ended</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps8802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">December 31, 2025 and 2024 were not significant. The carrying amount of Sanan ST JV's main assets</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">and liabilities, together with their classification in the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:387.21pt\">December 31, 2025 and 2024, are separately disclosed in Note 7.6.10 and Note 7.6.22.</span></div><div class=\"ps2414 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The total amount for the full build out of the joint venture will also be financed by local government support</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2415 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:289.39pt\">and loans or further support from stockholders to the joint venture</span><span class=\"f charStyle-58d8bcbe ps12752\" style=\"width:2.77pt\">.</span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.9. Invest<span id=\"i8afb2cced186430cbc0f042d435795db\"></span></span><span class=\"f charStyle-a745408e ps12753\">ments in subsidiaries</span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following table lists the Company\u2019s consolidated subsidiaries and its percentage ownership as of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">:</span></div><div class=\"ps12901 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss946 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:240pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:18.75pt\"><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13 ss939\"><div><div class=\"ps9235 ss350\"><span class=\"f charStyle-ba8ac8da ps2240\">Legal Seat<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps8789 ss941\"><div><div class=\"ps9235 ss940\"><span class=\"f charStyle-ba8ac8da ps52\">Name<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps12757 ss942\"><div><div class=\"ps9325 ss51\"><span class=\"f charStyle-ba8ac8da ps6482\">Percentage\u00a0ownership<span class=\"f ps26\"> </span></span></div><div class=\"ps9235 ss51\"><span class=\"f charStyle-ba8ac8da ps12756\">(direct or indirect)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps8588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Australia, Sydney<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12759 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics PTY Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12761 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Austria, Graz<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12762 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Austria GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12763 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps5398 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Belgium, Diegem<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12764 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Belgium N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12765 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5476 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Brazil, Sao Paulo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12766 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltda<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12767 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9513 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Canada, Ottawa<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12768 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Canada), Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12769 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Beijing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12770 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Beijing) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12771 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12772 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Chongqing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12773 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">SANAN, STMicroelectronics Co., Ltd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12775 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">49<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shanghai<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12776 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (China) Investment Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12777 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12778 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12779 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Shenzhen STS Microelectronics Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12780 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">60<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2730 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12781 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Shenzhen) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12782 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8089 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Czech Republic, Prague<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12783 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Design and Application s.r.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12784 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Denmark, Aarhus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12785 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics A/S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12786 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8705 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Egypt, Cairo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12787 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Egypt SSC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12788 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Finland, Nummela<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12789 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finland Oy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12790 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2736 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Crolles<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12791 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Crolles 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12792 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5265 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12793 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Alps) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12794 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12795 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12796 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grenoble 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12797 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8908 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Le Mans<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12798 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grand Ouest) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12799 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7923 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Montrouge<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12800 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics France SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7934 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12801 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Rousset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12802 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Rousset) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12803 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps10094 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Tours<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12804 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Tours) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12805 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12806 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12807 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12808 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11897 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12809 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Application GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12810 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12811 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Hong Kong, Kowloon<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12812 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12813 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12814 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">India, Noida<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12815 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pvt Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12816 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12817 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Israel, Netanya<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12818 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12819 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8400 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Agrate Brianza<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12820 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12821 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12822 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Naples<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12823 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12824 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12825 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Japan, Tokyo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12826 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics KK<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12827 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12828 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Kuala Lumpur<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12829 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12830 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12831 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12832 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12833 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12834 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12835 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services Sdn.Bhd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12836 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malta, Kirkop<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12837 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Malta) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12838 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12839 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Mexico, Guadalajara<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12840 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing, S. de R.L. de C.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12841 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11439 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Morocco, Casablanca<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12842 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (MAROC) SAS, a associ\u00e9 unique <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12843 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12844 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12845 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance B.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12846 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12848 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance II N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12849 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12850 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12851 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics International N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12852 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12853 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12854 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12855 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12856 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12857 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Mountain Drive Property, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12858 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">40<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12859 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12860 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Asia Pacific Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12861 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5206 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12862 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12863 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12864 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Slovenia, Ljubljana<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12865 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics d.o.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12866 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12867 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Spain, Barcelona<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12868 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Iberia S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12869 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12870 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, J\u00f6nk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12871 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Software AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12872 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12873 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Kista<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12874 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12875 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12876 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Norrk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12877 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Silicon Carbide AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12878 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12879 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12880 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Re S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12881 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12882 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12883 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12884 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12885 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Thailand, Bangkok<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12886 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Thailand) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12887 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12432 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-b7fd29e5 ps2240\">Tunisia, Ariana</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12888 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-b7fd29e5 ps52\">STMicroelectronics Tunisie</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12889 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12890 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12891 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Research &amp; Development) Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12892 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12893 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12894 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12895 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12896 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12897 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12898 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps11481 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12899 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (North America) Holding, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12900 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-455": {
   "value": "<div class=\"ps2496 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.9. Invest<span id=\"i8afb2cced186430cbc0f042d435795db\"></span></span><span class=\"f charStyle-a745408e ps12753\">ments in subsidiaries</span></div><div class=\"ps1924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following table lists the Company\u2019s consolidated subsidiaries and its percentage ownership as of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:2.77pt\">:</span></div><div class=\"ps12901 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss946 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:240pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:18.75pt\"><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13 ss939\"><div><div class=\"ps9235 ss350\"><span class=\"f charStyle-ba8ac8da ps2240\">Legal Seat<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps8789 ss941\"><div><div class=\"ps9235 ss940\"><span class=\"f charStyle-ba8ac8da ps52\">Name<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps12757 ss942\"><div><div class=\"ps9325 ss51\"><span class=\"f charStyle-ba8ac8da ps6482\">Percentage\u00a0ownership<span class=\"f ps26\"> </span></span></div><div class=\"ps9235 ss51\"><span class=\"f charStyle-ba8ac8da ps12756\">(direct or indirect)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps8588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Australia, Sydney<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12759 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics PTY Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:1pt solid #000;padding:0\"><div class=\"ps12761 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Austria, Graz<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12762 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Austria GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12763 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps5398 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Belgium, Diegem<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12764 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Belgium N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12765 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5476 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Brazil, Sao Paulo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12766 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltda<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12767 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9513 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Canada, Ottawa<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12768 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Canada), Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12769 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Beijing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12770 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Beijing) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12771 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12772 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Chongqing<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12773 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">SANAN, STMicroelectronics Co., Ltd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12775 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">49<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12588 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shanghai<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12776 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (China) Investment Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12777 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12778 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12779 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Shenzhen STS Microelectronics Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12780 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">60<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2730 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">China, Shenzhen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12781 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Shenzhen) R&amp;D Co. Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12782 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8089 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Czech Republic, Prague<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12783 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Design and Application s.r.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12784 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Denmark, Aarhus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12785 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics A/S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12786 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8705 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Egypt, Cairo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12787 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Egypt SSC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12788 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Finland, Nummela<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12789 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finland Oy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12790 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2736 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Crolles<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12791 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Crolles 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12792 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5265 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12793 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Alps) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12794 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12795 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Grenoble<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12796 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grenoble 2) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12797 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8908 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Le Mans<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12798 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Grand Ouest) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12799 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7923 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Montrouge<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12800 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics France SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps7934 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12801 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Rousset<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12802 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Rousset) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12803 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps10094 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">France, Tours<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12804 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Tours) SAS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12805 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12806 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12807 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12808 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11897 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Germany, Aschheim-Dornach<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12809 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Application GmbH<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12810 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12811 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Hong Kong, Kowloon<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12812 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12813 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12814 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">India, Noida<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12815 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pvt Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12816 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12817 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Israel, Netanya<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12818 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12819 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8400 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Agrate Brianza<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12820 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12821 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12822 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Italy, Naples<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12823 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services S.r.l.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12824 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12825 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Japan, Tokyo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12826 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics KK<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12827 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12828 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Kuala Lumpur<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12829 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12830 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12831 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12832 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics SDN BHD<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12833 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12834 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malaysia, Muar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12835 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Services Sdn.Bhd.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12836 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Malta, Kirkop<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12837 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Malta) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12838 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12839 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Mexico, Guadalajara<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12840 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Marketing, S. de R.L. de C.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12841 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11439 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Morocco, Casablanca<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12842 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (MAROC) SAS, a associ\u00e9 unique <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12843 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12844 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12845 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance B.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12846 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12847 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12848 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Finance II N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12849 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12850 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">The Netherlands, Amsterdam<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12851 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics International N.V.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12852 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12853 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12854 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12855 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12856 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Philippines, Calamba<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12857 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">Mountain Drive Property, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12858 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:69.01pt\"></span></span><span class=\"ps12774\">40<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12859 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12860 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Asia Pacific Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12861 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5206 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Singapore, Ang Mo Kio<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12862 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Pte Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12863 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12864 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Slovenia, Ljubljana<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12865 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics d.o.o.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12866 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12867 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Spain, Barcelona<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12868 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Iberia S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12869 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12870 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, J\u00f6nk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12871 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Software AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12872 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12873 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Kista<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12874 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12875 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12876 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Sweden, Norrk\u00f6ping<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12877 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Silicon Carbide AB<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12878 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12879 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12880 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Re S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12881 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12882 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Switzerland, Geneva<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12883 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics S.A.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12884 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12885 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">Thailand, Bangkok<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12886 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Thailand) Ltd<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12887 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12432 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-b7fd29e5 ps2240\">Tunisia, Ariana</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12888 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-b7fd29e5 ps52\">STMicroelectronics Tunisie</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12889 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12890 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12891 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (Research &amp; Development) Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12892 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12893 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United Kingdom, Marlow<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12894 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Limited<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12895 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12896 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12897 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12898 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps11481 ss943\"><div><div class=\"ps9209 ss350\"><span class=\"f charStyle-183bdf94 ps2240\">United States, Coppell<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12899 ss944\"><div><div class=\"ps12758 ss940\"><span class=\"f charStyle-183bdf94 ps52\">STMicroelectronics (North America) Holding, Inc.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:1pt solid #000;padding:0\"><div class=\"ps12900 ss945\"><div><div class=\"ps12758 ss51\"><span class=\"f charStyle-183bdf94\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.09pt;width:65.12pt\"></span></span><span class=\"ps12760\">100<span style=\"display:inline-block;height:5.09pt;width:2.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4790 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.36. Related party transactions<span id=\"ic113b1299cd043dc96bc3123770132fd\"></span></span></div><div class=\"ps4791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:245.04pt\">The below table summarizes transactions incurred in </span><span class=\"f charStyle-58d8bcbe ps15939\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15940\" style=\"width:24.78pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15941\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15942\" style=\"width:153.59pt\"> with companies for which certain</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps15943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">members of the Group\u2019s management perform similar policy making functions. These include, but are not</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">limited to: Capgemini, Dassault Syst\u00e8mes, Orange, Politecnico di Milano and Sopra Steria. Each of the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps15945 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">aforementioned arrangements and transactions is negotiated without the personal involvement of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Supervisory Board members and are made in line with market practices and conditions. The amounts</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15946 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">reported on the below table correspond to transactions up to the date members of the Group's</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15947 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:184.43pt\">management hold these similar functions.</span></div><div class=\"ps15948 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps4302 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps15629 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps15629 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1254\"><div><div class=\"ps15629 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Purchases of goods and services and other contributions made to <span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">entities controlled by key management personnel</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">49<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2719 ss1254\"><div><div class=\"ps15629 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Accounts payable from entities controlled by key management <span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">personnel</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15563 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15564 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:328.83pt\">The Group did not hold any significant equity-method investments as of </span><span class=\"f charStyle-58d8bcbe ps15949\" style=\"width:89.81pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15950\" style=\"width:24.24pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15951\" style=\"width:22.24pt\">2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15952\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Consequently, the Group did not report any material transaction with this type of investees in the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.35pt\">corresponding years.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.54pt\">The Group made a cash contribution of </span><span class=\"f charStyle-bdf8be45 ps15953\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">$1</span></span><span class=\"f charStyle-58d8bcbe ps15954\" style=\"width:128.43pt\"> million for the year ended <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15955\" style=\"width:91.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15956\" style=\"width:48.45pt\"> to the ST</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foundation, a non-profit organization established to deliver and coordinate independent programs in line<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.94pt\">with its mission. A cash contribution of $1 million was made for the year ended </span><span class=\"f charStyle-58d8bcbe ps15957\" style=\"width:91.29pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:414.58pt\">Certain members of the Foundation\u2019s Board are senior members of the Group\u2019s management.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15958\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps76 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.1pt\">In </span><span class=\"f charStyle-58d8bcbe ps13205\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps4240\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15959\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15960\" style=\"width:523.03pt\">, the total remuneration paid to the members of the Managing Board and to the other executive officers was as follows:</span><span class=\"f charStyle-58d8bcbe ps15961\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss65\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss986 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:146.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15963 ss1284\"><div><div class=\"ps9571 ss242\"><span class=\"f charStyle-8ec81ad0 ps15962\">Short-term benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps15965 ss430\"><div><div class=\"ps9571 ss142\"><span class=\"f charStyle-8ec81ad0 ps15964\">Post-<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps15967 ss1285\"><div><div class=\"ps8495 ss726\"><span class=\"f charStyle-8ec81ad0 ps12101\">Share-<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss726\"><span class=\"f charStyle-8ec81ad0 ps15966\">based<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss726\"><span class=\"f charStyle-8ec81ad0 ps6481\">payments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss1286\"><div><div class=\"ps9566 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">For\u00a0the\u00a0year\u00a0ended\u00a0December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">\u00a0  2025, in U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15969 ss1287\"><div><div class=\"ps9566 ss159\"><span class=\"f charStyle-8ec81ad0 ps6220\">Base <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss159\"><span class=\"f charStyle-8ec81ad0 ps15968\">Salary</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15970 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-8ec81ad0 ps14590\">Bonus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15972 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-8ec81ad0 ps15971\">Benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15976 ss1288\"><div><div class=\"ps11315 ss507\"><span class=\"f charStyle-ffc0a305 ps10313\">Social</span></div><div class=\"ps14495 ss507\"><span class=\"f charStyle-ffc0a305 ps15973\">security</span></div><div class=\"ps14496 ss507\"><span class=\"f charStyle-ffc0a305 ps15974\">contributions\u00a0</span><span class=\"f charStyle-eed40540 ps15975\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15979 ss430\"><div><div class=\"ps11315 ss142\"><span class=\"f charStyle-ffc0a305 ps14883\">employment</span></div><div class=\"ps14495 ss142\"><span class=\"f charStyle-ffc0a305 ps15977\">benefits</span></div><div class=\"ps14496 ss142\"><span class=\"f charStyle-ffc0a305 ps8201\">Pensions </span><span class=\"f charStyle-eed40540 ps15978\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15980 ss1285\"><div><div class=\"ps9566 ss726\"><span class=\"f charStyle-8ec81ad0 ps12550\">Termination<span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss726\"><span class=\"f charStyle-8ec81ad0 ps6449\">benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15982 ss1285\"><div><div class=\"ps11315 ss726\"><span class=\"f charStyle-8ec81ad0 ps9218\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps14495 ss726\"><span class=\"f charStyle-8ec81ad0 ps9370\">stock<span class=\"f ps26\"> </span></span></div><div class=\"ps14496 ss726\"><span class=\"f charStyle-8ec81ad0 ps15981\">awards<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15984 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-8ec81ad0 ps15983\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13027 ss1289\"><div><div class=\"ps8552 ss1283\"><span class=\"f charStyle-950062ca ps2240\">Members of the Managing Board </span></div><div class=\"ps12563 ss1283\"><span class=\"f charStyle-2564f1f4 ps15985\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15986 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">2,326,822<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15987 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">1,050,600<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15988 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps6268\">249,275<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15989 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-dd7c1b62 ps15932\">1,081,330<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15990 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62 ps11394\">1,433,211<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15992 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.63pt\"></span></span><span class=\"ps15991\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15994 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">2,307,082<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15995 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">8,448,320<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4710 ss1286\"><div><div class=\"ps9566 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Committee (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">members of the Managing Board)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15996 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">5,962,032<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15997 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">3,568,885<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15998 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps6268\">734,415<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15999 ss1288\"><div><div class=\"ps14495 ss507\"><span class=\"f charStyle-dd7c1b62 ps15932\">2,797,420<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16000 ss430\"><div><div class=\"ps14495 ss142\"><span class=\"f charStyle-dd7c1b62 ps15932\">595,279<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16002 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps16001\">2,221<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16003 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">7,468,038<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16005 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps16004\">21,128,290<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2733 ss1289\"><div><div class=\"ps11840 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Vice Presidents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16006 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">12,250,663<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16007 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">5,269,614<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16008 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:14.38pt\"></span></span><span class=\"ps15966\">823,307<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16010 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:26.38pt\"></span></span><span class=\"ps16009\">5,563,645<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16011 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16013 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">1,635,261<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16015 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">11,658,385<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16016 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">37,200,875<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2736 ss1289\"><div><div class=\"ps8552 ss1283\"><span class=\"f charStyle-8ec81ad0 ps2240\">Senior Management\u00a0total <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1283\"><span class=\"f charStyle-8ec81ad0 ps2240\">remuneration</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16017 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps10775\">20,539,517<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16018 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">9,889,099<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16019 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">1,806,997<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16020 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-8ec81ad0 ps15932\">9,442,395<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16021 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-8ec81ad0 ps6270\">2,028,490<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16022 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps15993\">1,637,482<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16023 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps16004\">21,433,505<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16024 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps16004\">66,777,485<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16077 ss65\"><div class=\"ss986 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:150pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10694 ss1293\"><div><div class=\"ps9587 ss1292\"><span class=\"f charStyle-8ec81ad0 ps16026\">Short-term benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps11946 ss619\"><div><div class=\"ps9587 ss142\"><span class=\"f charStyle-8ec81ad0 ps15964\">Post-<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps16027 ss1294\"><div><div class=\"ps7396 ss726\"><span class=\"f charStyle-8ec81ad0 ps12101\">Share-<span class=\"f ps26\"> </span></span></div><div class=\"ps9585 ss726\"><span class=\"f charStyle-8ec81ad0 ps15966\">based<span class=\"f ps26\"> </span></span></div><div class=\"ps9587 ss726\"><span class=\"f charStyle-8ec81ad0 ps6481\">payments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td></tr><tr style=\"height:30.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8653 ss1295\"><div><div class=\"ps11303 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">For\u00a0the\u00a0year\u00a0ended\u00a0December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">\u00a0  2024, in U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16028 ss1202\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0 ps6220\">Base <span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss159\"><span class=\"f charStyle-8ec81ad0 ps15968\">Salary</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16029 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-8ec81ad0 ps14590\">Bonus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16030 ss1296\"><div><div class=\"ps11305 ss38\"><span class=\"f charStyle-8ec81ad0 ps6388\">Benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16034 ss1297\"><div><div class=\"ps7080 ss645\"><span class=\"f charStyle-ffc0a305 ps16031\">Social</span></div><div class=\"ps11305 ss645\"><span class=\"f charStyle-ffc0a305 ps6207\">security</span></div><div class=\"ps9582 ss645\"><span class=\"f charStyle-ffc0a305 ps16032\">contributions\u00a0</span><span class=\"f charStyle-eed40540 ps16033\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16035 ss619\"><div><div class=\"ps7080 ss142\"><span class=\"f charStyle-ffc0a305 ps14883\">employment</span></div><div class=\"ps11305 ss142\"><span class=\"f charStyle-ffc0a305 ps15977\">benefits</span></div><div class=\"ps9582 ss142\"><span class=\"f charStyle-ffc0a305 ps8201\">Pensions </span><span class=\"f charStyle-eed40540 ps15978\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16036 ss1294\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0 ps12550\">Termination<span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss726\"><span class=\"f charStyle-8ec81ad0 ps6449\">benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16037 ss1294\"><div><div class=\"ps7080 ss726\"><span class=\"f charStyle-8ec81ad0 ps9218\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss726\"><span class=\"f charStyle-8ec81ad0 ps9370\">stock<span class=\"f ps26\"> </span></span></div><div class=\"ps9582 ss726\"><span class=\"f charStyle-8ec81ad0 ps15981\">awards<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16039 ss1298\"><div><div class=\"ps11305 ss306\"><span class=\"f charStyle-8ec81ad0 ps16038\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10341 ss1299\"><div><div class=\"ps8552 ss220\"><span class=\"f charStyle-950062ca ps2240\">Members of the Managing Board </span></div><div class=\"ps12563 ss220\"><span class=\"f charStyle-2564f1f4 ps15985\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16040 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">1,757,675<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16041 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">2,458,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16043 ss1300\"><div><div class=\"ps11840 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:12.13pt\"></span></span><span class=\"ps16042\">188,735<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16045 ss1301\"><div><div class=\"ps11840 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">1,259,295<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16046 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">1,346,909<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16047 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.63pt\"></span></span><span class=\"ps15991\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16048 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">4,255,388<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16050 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">11,266,747<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1302\"><div><div class=\"ps9566 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Committee (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">members of the Managing Board)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16051 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">5,952,378<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16052 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">9,043,380<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16054 ss822\"><div><div class=\"ps14495 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:4.63pt\"></span></span><span class=\"ps16053\">1,422,243<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16055 ss1303\"><div><div class=\"ps14495 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">4,639,390<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16056 ss430\"><div><div class=\"ps14495 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">1,184,059<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16057 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">7,795,680<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16058 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">18,500,090<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16059 ss1304\"><div><div class=\"ps14495 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">48,537,220<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11796 ss1299\"><div><div class=\"ps11840 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Vice Presidents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16060 ss1207\"><div><div class=\"ps11859 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">10,554,925<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16061 ss1207\"><div><div class=\"ps11859 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">7,389,370<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16062 ss1300\"><div><div class=\"ps11859 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:12.13pt\"></span></span><span class=\"ps16042\">669,443<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16063 ss1301\"><div><div class=\"ps11859 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">6,661,794<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16064 ss901\"><div><div class=\"ps11859 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16065 ss1291\"><div><div class=\"ps11859 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">3,639,304<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16066 ss1291\"><div><div class=\"ps11859 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">19,273,622<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16067 ss1263\"><div><div class=\"ps11859 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">48,188,459<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7909 ss1305\"><div><div class=\"ps7080 ss220\"><span class=\"f charStyle-8ec81ad0 ps2240\">Senior Management\u00a0total <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss220\"><span class=\"f charStyle-8ec81ad0 ps2240\">remuneration</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16068 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">18,264,978<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16069 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">18,891,495<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16070 ss608\"><div><div class=\"ps11303 ss38\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:4.63pt\"></span></span><span class=\"ps16053\">2,280,421<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16072 ss1306\"><div><div class=\"ps11303 ss645\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.13pt\"></span></span><span class=\"ps16071\">12,560,479<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16073 ss1275\"><div><div class=\"ps11303 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">2,530,968<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16074 ss1307\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">11,434,984<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16075 ss1307\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">42,029,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16076 ss785\"><div><div class=\"ps11303 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"></span><span class=\"ps52\">107,992,426<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16079 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(1)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:172.7pt\">Include compulsory contribution to pension plans</span><span class=\"f charStyle-3452d124 ps16078\" style=\"width:2.22pt\"> </span></div><div class=\"ps16080 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(2)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:189.56pt\">Complementary pension plan for Senior Management</span></div><div class=\"ps16082 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(3)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:629.81pt\">The compensation paid to our President and Chief Financial Officer as included in this table concerns his compensation received since his appointment as member of the</span><span class=\"f charStyle-3452d124 ps16081\" style=\"width:2.22pt\"> </span></div><div class=\"ps16085 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:69.7pt\">Managing Board on</span><span class=\"f charStyle-45b441b1 ps16083\" style=\"width:52.84pt\"><span style=\"background-color:inherit\"> May 22, 2024.</span><span class=\"f ps26\"> </span></span><span class=\"f charStyle-45b441b1 ps16084\" style=\"width:2.22pt\"><span style=\"background-color:inherit\"> </span><span class=\"f ps26\"> </span></span></div><div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_400\" style=\"position:absolute;top:72pt\"></div><div class=\"ps16091 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.21pt\">The Group\u2019s 32 Senior Management members were granted in </span><span class=\"f charStyle-58d8bcbe ps16086\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16087\" style=\"width:35.5pt\"> for free</span><span class=\"f charStyle-58d8bcbe ps16088\" style=\"width:3.31pt\"> </span><span class=\"f charStyle-58d8bcbe ps16089\" style=\"width:44.46pt\">1,942,000</span><span class=\"f charStyle-58d8bcbe ps16090\" style=\"width:77.2pt\"> unvested shares</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">subject to the achievement of performance objectives and service conditions being met. The weighted</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.71pt\">average grant date fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16092\" style=\"width:71.93pt\"> Employee Plan</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps16094 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.89pt\">was $30.56.</span><span class=\"f charStyle-58d8bcbe ps16093\" style=\"width:2.77pt\"> </span></div><div class=\"ps16095 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.21pt\">The Group\u2019s 31 Senior Management members were granted in </span><span class=\"f charStyle-58d8bcbe ps16086\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16087\" style=\"width:160.47pt\"> for free 1,930,000 unvested shares</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps16096 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">subject to the achievement of performance objectives and service conditions being met. The weighted</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps16097 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.71pt\">average grant date fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16092\" style=\"width:71.93pt\"> Employee Plan</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps16098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.89pt\">was $37.69.</span><span class=\"f charStyle-58d8bcbe ps16093\" style=\"width:2.77pt\"> </span></div><div class=\"ps3038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The bonus paid to the executive officers corresponds to a Corporate EIP that entitles selected executives</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">to a yearly bonus based upon the assessment of the achievement of individual, organizational and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16100 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">company objectives that are set on an annual basis and focused, inter alia, on return on net assets,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps16101 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">customer service, profit, cash flow and market share. The maximum bonus awarded under the EIP is<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps16102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">based upon a percentage of the executives\u2019 salary and the overall achievement of the above objectives</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16104 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.68pt\">on an annual basis.</span><span class=\"f charStyle-58d8bcbe ps16103\" style=\"width:2.77pt\"> </span></div><div class=\"ps7475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Supervisory Board has approved the establishment of a complementary pension plan for certain key</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps16105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">executives as selected by the members of the Managing Board, according to the general criteria of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps16106 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">eligibility and service as determined by the Supervisory Board upon the proposal of its Compensation</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps7494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Committee. With respect to such complementary pension plan, the Group set up an independent</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4593 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">foundation under Swiss law which manages the plan and to which we make contributions. Pursuant to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16109 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:60.3pt\">this plan, in </span><span class=\"f charStyle-58d8bcbe ps16107\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16108\" style=\"width:385.32pt\">, the Group made a contribution of approximately $1.43 million to the plan of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps16110 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">members of our Managing Board and of $0.59 million to the plan for all beneficiaries other than the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">members of our Managing Board. The amount of pension plan payments made for other beneficiaries,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps16115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.64pt\">such as former employees retired in </span><span class=\"f charStyle-58d8bcbe ps16111\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps3132\" style=\"width:126.66pt\"> and/or no longer salaried in </span><span class=\"f charStyle-58d8bcbe ps16112\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16113\" style=\"width:84.97pt\">, was $1.02 million.</span><span class=\"f charStyle-58d8bcbe ps16114\" style=\"width:2.77pt\"> </span></div><div class=\"ps16116 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The members of Senior Management, including the members of the Managing Board were covered in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps16117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.67pt\"> under certain group life and medical insurance programs provided by the Group. The aggregate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16119 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:207.05pt\">additional amount set aside by the Group in </span><span class=\"f charStyle-58d8bcbe ps16118\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps5405\" style=\"width:238.68pt\"> to provide pension, retirement or similar benefits to</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps16120 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Senior Management, including the members of the Managing Board, including the amounts allocated to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">the complementary pension plan described above, is estimated to have been approximately $8.12 million,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps16122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">which includes statutory employer contributions for state run retirement, similar benefit programs and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16123 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:143.9pt\">other miscellaneous allowances.</span></div><div class=\"ps16124 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group did not extend any loans or overdrafts to the members of the Managing Board, nor to any</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps16125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">other member of Senior Management. Furthermore, the Group has not guaranteed any debts or</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps16126 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">concluded any leases with the members of the Managing Board, nor with any other member of Senior</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps16128 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:131.64pt\">Management or their families.</span><span class=\"f charStyle-58d8bcbe ps16127\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.42pt\">Individual remuneration paid to Supervisory Board members in </span><span class=\"f charStyle-58d8bcbe ps16129\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16130\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16131\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16132\" style=\"width:112.2pt\"> was recorded as follows:</span><span class=\"f charStyle-58d8bcbe ps16133\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-e1ebf359 ps16134\">2025 </span><span class=\"f charStyle-33758787 ps16135\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-e1ebf359 ps16134\">2024 </span><span class=\"f charStyle-33758787 ps16135\"><sup>(1)</sup></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Nicolas Dufourcq</span><span class=\"f charStyle-2d30e21e ps8644\"><sup> (1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Armando Varricchio</span><span class=\"f charStyle-2d30e21e ps8661\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">55,137<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Simonetta Acri</span><span class=\"f charStyle-2d30e21e ps8726\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">87,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Orio Bellezza</span><span class=\"f charStyle-2d30e21e ps8061\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">22,055<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16136 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps26\">Pascal Daloz</span><span class=\"f charStyle-2d30e21e ps16137\"><sup>(6)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">63,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">73,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Janet Davidson</span><span class=\"f charStyle-2d30e21e ps8689\"><sup>(4)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">32,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">115,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Yann Delabri\u00e8re</span><span class=\"f charStyle-2d30e21e ps16139\"><sup>(6)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15156 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15157 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">10,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps26\">Ana de Pro Gonzalo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15159 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">171,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15160 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">161,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4967 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Werner Lieberherr</span><span class=\"f charStyle-2d30e21e ps8734\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15161 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">102,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16141 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15162 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Fr\u00e9d\u00e9ric Sanchez<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15163 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">169,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16142 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15164 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">109,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11976 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Donatella Sciuto</span><span class=\"f charStyle-2d30e21e ps8669\"><sup>(4)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15165 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">30,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15166 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">107,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11326 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Maurizio Tamagnini</span><span class=\"f charStyle-2d30e21e ps8697\"><sup>(5)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15168 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">12,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15169 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">172,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13457 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Paolo Visca</span><span class=\"f charStyle-2d30e21e ps8712\"><sup>(5)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16143 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">41,986<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16144 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">98,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10233 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">H\u00e9l\u00e8ne Vletter-van Dort<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16145 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">178,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16146 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">123,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10094 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">963,178<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">970,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16149 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(1)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.91pt\">Mr. Dufourcq waived his rights to receive any compensation from the Company in relation to his mandate as a member of the</span><span class=\"f charStyle-3452d124 ps1631\" style=\"width:2.22pt\"> </span></div><div class=\"ps16150 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:113.65pt\">Supervisory Board or otherwise.</span></div><div class=\"ps16151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(2)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:436.27pt\">Mr. Orio Bellezza and Mr. Armando Varricchio were appointed as member of our Supervisory Board on December 18, 2025.</span></div><div class=\"ps16152 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(3)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:419.85pt\">Ms. Simonetta Acri and Mr. Werner Lieberherr were appointed as members of our Supervisory Board on May 28, 2025.</span></div><div class=\"ps16153 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(4)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.94pt\">Ms. Janet Davidson and Ms. Donatella Sciuto were members of our Supervisory Board until May 28, 2025, on which date their</span><span class=\"f charStyle-3452d124 ps1654\" style=\"width:2.22pt\"> </span></div><div class=\"ps16154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:46.61pt\">term expired.</span></div><div class=\"ps16155 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(5)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.96pt\">Mr. Maurizio Tamagnini and Mr. Paolo Visca were members of our Supervisory Board until their resignation effective March 19,</span><span class=\"f charStyle-3452d124 ps1712\" style=\"width:2.22pt\"> </span></div><div class=\"ps16156 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:138.83pt\">2025 and October 1, 2025 respectively.</span></div><div class=\"ps16157 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(6)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.81pt\">Mr. Yann Delabri\u00e8re was a member of our Supervisory Board until May 22, 2024, on which date his term expired and on such</span><span class=\"f charStyle-3452d124 ps3363\" style=\"width:2.22pt\"> </span></div><div class=\"ps16158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:289.92pt\">date Mr. Pascal Daloz was appointed as a new member of our Supervisory Board.</span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:371.64pt\">No share awards were granted to Supervisory Board members and professionals in </span><span class=\"f charStyle-58d8bcbe ps16159\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16160\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16161\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16162\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-456": {
   "value": "<div class=\"ps7518 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.10. Property, plant and equipment <span id=\"id5ea767376664988b5589723fc3492e9\"></span></span></div><div class=\"ps9362 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:250.33pt\">Property, plant and equipment consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps12909\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:218.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12911 ss948\"><div><div class=\"ps45 ss947\"><span class=\"f charStyle-d83b9278 ps12910\">As of December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss949\"><div><div class=\"ps9104 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12912 ss950\"><div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps6395\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps10995\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps12913\">depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps12915\">Net<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps12916\">value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss951\"><div><div class=\"ps2232 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Land<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12919 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12921 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12922 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11676 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12924 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,615<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12926 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(743)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12927 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">872<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11368 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Lease right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12928 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">511<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12929 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(173)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12930 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">338<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9884 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Facilities and leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12931 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,088<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12933 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:45.2pt\"></span></span><span class=\"ps12932\">(3,743)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12934 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,345<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11304 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12936 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">24,092<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12938 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.64pt\"></span></span><span class=\"ps12937\">(18,099)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12939 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,993<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8690 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12940 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">454<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12941 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(382)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12943 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">72<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9253 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Other tangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12944 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">126<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12945 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(107)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12946 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3699 ss951\"><div><div class=\"ps2232 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Construction in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12947 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,281<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12948 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12949 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,281<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12950 ss23\"><div><div class=\"ps2288 ss22\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12951 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">34,309<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12952 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.64pt\"></span></span><span class=\"ps12937\">(23,247)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12953 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,062<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:218.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12911 ss956\"><div><div class=\"ps2241 ss947\"><span class=\"f charStyle-d83b9278 ps12910\">As of December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss957\"><div><div class=\"ps8033 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12955 ss958\"><div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps6395\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12956 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps10995\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps12913\">depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12957 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps12915\">Net<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps12916\">value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8047 ss951\"><div><div class=\"ps2232 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Land<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12958 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">118<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12959 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12960 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">118<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12961 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,393<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(620)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">773<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2266 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Lease right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12964 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">483<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(179)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">304<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2270 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Facilities and leasehold improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12967 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,498<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12968 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:45.2pt\"></span></span><span class=\"ps12932\">(3,145)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12969 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,353<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11962 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12970 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">22,264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.64pt\"></span></span><span class=\"ps12937\">(15,913)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,351<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11966 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12973 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">407<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12974 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(336)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12975 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">71<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3720 ss953\"><div><div class=\"ps2252 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Other tangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12976 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">114<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12978 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(94)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12979 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12980 ss951\"><div><div class=\"ps2232 ss22\"><span class=\"f charStyle-c2d5035f ps2240\">Construction in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12981 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,899<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12982 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12983 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,899<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5499 ss23\"><div><div class=\"ps2288 ss22\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12984 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">31,176<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12985 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.64pt\"></span></span><span class=\"ps12937\">(20,287)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12986 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">10,889<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps76 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.66pt\">Changes in the net carrying amount of property, plant and equipment are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps12987\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss65\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss986 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:192pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:62.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:57pt\"><td style=\"border-bottom:1pt solid #000;padding:0\"><div class=\"ps13 ss960\"><div><div class=\"ps12988 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12989 ss961\"><div><div class=\"ps12988 ss457\"><span class=\"f charStyle-8ec81ad0 ps6229\">Land<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9664 ss962\"><div><div class=\"ps12988 ss156\"><span class=\"f charStyle-8ec81ad0 ps10300\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12995 ss561\"><div><div class=\"ps12990 ss310\"><span class=\"f charStyle-8ec81ad0 ps12316\">Lease<span class=\"f ps26\"> </span></span></div><div class=\"ps12992 ss310\"><span class=\"f charStyle-8ec81ad0 ps12991\">Right-<span class=\"f ps26\"> </span></span></div><div class=\"ps12993 ss310\"><span class=\"f charStyle-8ec81ad0 ps12081\">of-use<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss310\"><span class=\"f charStyle-8ec81ad0 ps12994\">assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10844 ss963\"><div><div class=\"ps12992 ss360\"><span class=\"f charStyle-8ec81ad0 ps6203\">Facilities and<span class=\"f ps26\"> </span></span></div><div class=\"ps12993 ss360\"><span class=\"f charStyle-8ec81ad0 ps12996\">leasehold<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss360\"><span class=\"f charStyle-8ec81ad0 ps12997\">improvements<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13001 ss964\"><div><div class=\"ps12992 ss38\"><span class=\"f charStyle-8ec81ad0 ps12998\">Machinery<span class=\"f ps26\"> </span></span></div><div class=\"ps12993 ss38\"><span class=\"f charStyle-8ec81ad0 ps12999\">and<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss38\"><span class=\"f charStyle-8ec81ad0 ps13000\">equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13003 ss965\"><div><div class=\"ps12992 ss159\"><span class=\"f charStyle-8ec81ad0 ps12991\">Computer<span class=\"f ps26\"> </span></span></div><div class=\"ps12993 ss159\"><span class=\"f charStyle-8ec81ad0 ps10556\">and R&amp;D<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss159\"><span class=\"f charStyle-8ec81ad0 ps13002\">equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13006 ss966\"><div><div class=\"ps12992 ss286\"><span class=\"f charStyle-8ec81ad0 ps13004\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps12993 ss286\"><span class=\"f charStyle-8ec81ad0 ps13005\">tangible<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss286\"><span class=\"f charStyle-8ec81ad0 ps6234\">assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13009 ss967\"><div><div class=\"ps12993 ss483\"><span class=\"f charStyle-8ec81ad0 ps13007\">Construction<span class=\"f ps26\"> </span></span></div><div class=\"ps12988 ss483\"><span class=\"f charStyle-8ec81ad0 ps13008\">in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13010 ss961\"><div><div class=\"ps12988 ss457\"><span class=\"f charStyle-8ec81ad0 ps6229\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps2298 ss968\"><div><div class=\"ps11772 ss959\"><span class=\"f charStyle-8ec81ad0 ps2240\">Balance as of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13012 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.88pt\"></span></span><span class=\"ps13011\">118<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13013 ss291\"><div><div class=\"ps11772 ss156\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.88pt\"></span></span><span class=\"ps12115\">703<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13015 ss970\"><div><div class=\"ps11772 ss310\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">333<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13017 ss971\"><div><div class=\"ps11772 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">1,238<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13019 ss972\"><div><div class=\"ps11772 ss38\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:22.13pt\"></span></span><span class=\"ps13018\">6,381<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13021 ss973\"><div><div class=\"ps11772 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">91<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13023 ss293\"><div><div class=\"ps11772 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.38pt\"></span></span><span class=\"ps13022\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13025 ss974\"><div><div class=\"ps11772 ss483\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">1,712<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13026 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.38pt\"></span></span><span class=\"ps6367\">10,594<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13027 ss968\"><div><div class=\"ps11772 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13029 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13030 ss291\"><div><div class=\"ps11772 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.88pt\"></span></span><span class=\"ps12271\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13032 ss970\"><div><div class=\"ps11772 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.38pt\"></span></span><span class=\"ps13031\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13034 ss971\"><div><div class=\"ps11772 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">52<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13035 ss972\"><div><div class=\"ps11772 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">465<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13036 ss973\"><div><div class=\"ps11772 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">17<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13038 ss293\"><div><div class=\"ps11772 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.38pt\"></span></span><span class=\"ps13037\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13039 ss974\"><div><div class=\"ps11772 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">2,092<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13040 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.38pt\"></span></span><span class=\"ps6481\">2,695<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8886 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capital grants and other contributions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13042 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13043 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13045 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13047 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.89pt\"></span></span><span class=\"ps13046\">(105)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13049 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:26.64pt\"></span></span><span class=\"ps13048\">(193)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13051 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13053 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13055 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.89pt\"></span></span><span class=\"ps13054\">(91)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13057 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:10.89pt\"></span></span><span class=\"ps13056\">(392)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12778 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13058 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13059 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.88pt\"></span></span><span class=\"ps12115\">145<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13060 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13062 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13063 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:22.13pt\"></span></span><span class=\"ps13018\">1,187<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13065 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13066 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.38pt\"></span></span><span class=\"ps13037\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13068 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.39pt\"></span></span><span class=\"ps13067\">(1,759)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13069 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4713 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Impairment / Write-Offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13070 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13071 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13072 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13074 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.89pt\"></span></span><span class=\"ps13073\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13076 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.64pt\"></span></span><span class=\"ps13075\">(6)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13077 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13078 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13079 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13081 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.89pt\"></span></span><span class=\"ps13080\">(8)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9898 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Depreciation expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13082 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13084 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.89pt\"></span></span><span class=\"ps13083\">(40)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13086 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:17.39pt\"></span></span><span class=\"ps13085\">(75)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13087 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.89pt\"></span></span><span class=\"ps13046\">(183)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13089 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.14pt\"></span></span><span class=\"ps13088\">(1,412)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13091 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(32)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13093 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.39pt\"></span></span><span class=\"ps13092\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13094 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13096 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.39pt\"></span></span><span class=\"ps13095\">(1,749)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss982\"><div><div class=\"ps6208 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13097 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.89pt\"></span></span><span class=\"ps13080\">(5)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13098 ss302\"><div><div class=\"ps6208 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.89pt\"></span></span><span class=\"ps13083\">(38)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12336 ss984\"><div><div class=\"ps6208 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:17.39pt\"></span></span><span class=\"ps13085\">(13)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13100 ss372\"><div><div class=\"ps6208 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.89pt\"></span></span><span class=\"ps13099\">(67)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13102 ss39\"><div><div class=\"ps6208 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.64pt\"></span></span><span class=\"ps13101\">(71)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13103 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13104 ss304\"><div><div class=\"ps6208 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13105 ss487\"><div><div class=\"ps6208 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.89pt\"></span></span><span class=\"ps13054\">(55)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13106 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:10.89pt\"></span></span><span class=\"ps13056\">(251)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12341 ss982\"><div><div class=\"ps6208 ss959\"><span class=\"f charStyle-8ec81ad0 ps2240\">Balance as of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13107 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.88pt\"></span></span><span class=\"ps13011\">118<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13108 ss302\"><div><div class=\"ps6208 ss156\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.88pt\"></span></span><span class=\"ps12115\">773<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12342 ss984\"><div><div class=\"ps6208 ss310\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">304<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13109 ss372\"><div><div class=\"ps6208 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">1,353<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13110 ss39\"><div><div class=\"ps6208 ss38\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:22.13pt\"></span></span><span class=\"ps13018\">6,351<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13111 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">71<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13112 ss304\"><div><div class=\"ps6208 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.38pt\"></span></span><span class=\"ps13022\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13113 ss487\"><div><div class=\"ps6208 ss483\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">1,899<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13114 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.38pt\"></span></span><span class=\"ps6367\">10,889<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2814 ss968\"><div><div class=\"ps11772 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13115 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13116 ss291\"><div><div class=\"ps11772 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.88pt\"></span></span><span class=\"ps12271\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12346 ss970\"><div><div class=\"ps11772 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.38pt\"></span></span><span class=\"ps13031\">99<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13117 ss971\"><div><div class=\"ps11772 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">71<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13118 ss972\"><div><div class=\"ps11772 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">448<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13119 ss973\"><div><div class=\"ps11772 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">23<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13120 ss293\"><div><div class=\"ps11772 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.38pt\"></span></span><span class=\"ps13037\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13121 ss974\"><div><div class=\"ps11772 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">1,543<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13122 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.38pt\"></span></span><span class=\"ps6481\">2,191<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13123 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capital grants and other contributions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13124 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13125 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.89pt\"></span></span><span class=\"ps12159\">(3)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13126 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13127 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.89pt\"></span></span><span class=\"ps13099\">(39)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13128 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:26.64pt\"></span></span><span class=\"ps13048\">(229)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13129 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13130 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13131 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.89pt\"></span></span><span class=\"ps12376\">(275)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13132 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:10.89pt\"></span></span><span class=\"ps13056\">(546)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13133 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13135 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13136 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.88pt\"></span></span><span class=\"ps12277\">80<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13138 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:22.39pt\"></span></span><span class=\"ps13137\">(8)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13139 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">110<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13140 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">826<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13142 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.88pt\"></span></span><span class=\"ps13141\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13143 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.38pt\"></span></span><span class=\"ps13037\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13144 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.39pt\"></span></span><span class=\"ps13067\">(1,023)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13145 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Disposals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13146 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13147 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13148 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13150 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13151 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.64pt\"></span></span><span class=\"ps13075\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13152 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13153 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13155 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.89pt\"></span></span><span class=\"ps13154\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13156 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.89pt\"></span></span><span class=\"ps13080\">(3)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13157 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Impairment / Write-Offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13158 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13159 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.89pt\"></span></span><span class=\"ps13083\">(32)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13160 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13161 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.89pt\"></span></span><span class=\"ps13099\">(87)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13162 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.64pt\"></span></span><span class=\"ps13101\">(56)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13163 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13164 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.38pt\"></span></span><span class=\"ps13052\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13165 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13166 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:10.89pt\"></span></span><span class=\"ps13056\">(175)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13167 ss975\"><div><div class=\"ps7080 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Depreciation expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13168 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13169 ss297\"><div><div class=\"ps7080 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.89pt\"></span></span><span class=\"ps13083\">(34)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13170 ss977\"><div><div class=\"ps7080 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:17.39pt\"></span></span><span class=\"ps13085\">(71)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13171 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.89pt\"></span></span><span class=\"ps13046\">(206)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13172 ss979\"><div><div class=\"ps7080 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.14pt\"></span></span><span class=\"ps13088\">(1,478)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13173 ss980\"><div><div class=\"ps7080 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13174 ss299\"><div><div class=\"ps7080 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.39pt\"></span></span><span class=\"ps13092\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13175 ss981\"><div><div class=\"ps7080 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13176 ss976\"><div><div class=\"ps7080 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.39pt\"></span></span><span class=\"ps13095\">(1,827)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11828 ss968\"><div><div class=\"ps11772 ss959\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13177 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13178 ss291\"><div><div class=\"ps11772 ss156\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.88pt\"></span></span><span class=\"ps12277\">85<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13179 ss970\"><div><div class=\"ps11772 ss310\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.38pt\"></span></span><span class=\"ps13031\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13180 ss971\"><div><div class=\"ps11772 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">143<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13181 ss972\"><div><div class=\"ps11772 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">132<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13182 ss973\"><div><div class=\"ps11772 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.88pt\"></span></span><span class=\"ps13141\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13183 ss293\"><div><div class=\"ps11772 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.38pt\"></span></span><span class=\"ps13037\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13184 ss974\"><div><div class=\"ps11772 ss483\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">139<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13185 ss969\"><div><div class=\"ps11772 ss457\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.88pt\"></span></span><span class=\"ps13011\">533<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8386 ss982\"><div><div class=\"ps6208 ss959\"><span class=\"f charStyle-8ec81ad0 ps2240\">Balance as of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13186 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.88pt\"></span></span><span class=\"ps13011\">142<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13187 ss302\"><div><div class=\"ps6208 ss156\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.88pt\"></span></span><span class=\"ps12115\">872<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13188 ss984\"><div><div class=\"ps6208 ss310\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">338<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13189 ss372\"><div><div class=\"ps6208 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">1,345<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13190 ss39\"><div><div class=\"ps6208 ss38\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:22.13pt\"></span></span><span class=\"ps13018\">5,993<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13191 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">72<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13192 ss304\"><div><div class=\"ps6208 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.38pt\"></span></span><span class=\"ps13022\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13193 ss487\"><div><div class=\"ps6208 ss483\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">2,281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13194 ss983\"><div><div class=\"ps6208 ss457\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.38pt\"></span></span><span class=\"ps6367\">11,062<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3202 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:648pt\">In 2023, the Group signed a frame agreement with the European, French and Italian authorities for a public funding program associated with the</span><span class=\"f charStyle-58d8bcbe ps5262\" style=\"width:2.77pt\"> </span></div><div class=\"ps7535 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:338.07pt\">capacity expansion in some of its manufacturing facilities in France and Italy.</span><span class=\"f charStyle-58d8bcbe ps11658\" style=\"width:2.77pt\"> </span></div><div class=\"ps5429 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.67pt\">In the year ended </span><span class=\"f charStyle-58d8bcbe ps13195\" style=\"width:88.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13196\" style=\"width:218.03pt\">, capital investment funding totaled $546 million (</span><span class=\"f charStyle-58d8bcbe ps13197\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13198\" style=\"width:237.5pt\">: $392 million) and were accounted for as a reduction</span><span class=\"f charStyle-58d8bcbe ps7448\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:558.5pt\">of the gross value of the related tangible assets. The impact of capital funding on depreciation expense for the year ended </span><span class=\"f charStyle-58d8bcbe ps13199\" style=\"width:89.47pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps5600\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:145.23pt\">was a reduction of $124\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13200\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13201\" style=\"width:74.57pt\">: $76 million). In </span><span class=\"f charStyle-58d8bcbe ps13202\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13203\" style=\"width:383.69pt\">, the Group sold owned property, plant and equipment for cash proceeds of $9 million.</span><span class=\"f charStyle-58d8bcbe ps5600\" style=\"width:2.77pt\"> </span></div><div class=\"ps6485 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.1pt\">In </span><span class=\"f charStyle-58d8bcbe ps13205\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4240\" style=\"width:264.78pt\">, property, plant and equipment sold amounted to $5 million.</span><span class=\"f charStyle-58d8bcbe ps13206\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:647.89pt\">In 2023, the Group and Sanan Optoelectronics jointly created Sanan ST JV for high-volume 200mm SiC device manufacturing in China, as<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13207\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps7149 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:536.92pt\">described in Note 7.6.8.7. Sanan ST JV was fully consolidated as of December 31, 2025 and December 31, 2024. As of </span><span class=\"f charStyle-58d8bcbe ps13208\" style=\"width:88.37pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13209\" style=\"width:22.51pt\">, and</span><span class=\"f charStyle-58d8bcbe ps5824\" style=\"width:2.77pt\"> </span></div><div class=\"ps5435 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:648pt\">December 31, 2024, a total amount of $433 million and $316 million respectively, was included on the line \"Property, plant and equipment\" of the</span><span class=\"f charStyle-58d8bcbe ps5262\" style=\"width:2.77pt\"> </span></div><div class=\"ps13210 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:338.64pt\">consolidated statement of financial position from Sanan ST JV consolidation.</span></div><div class=\"ps5437 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:647.94pt\">In 2025, the Group recorded a total $169 million impairment charge on buildings ($30 million), facilities ($86 million) and machinery and equipment</span><span class=\"f charStyle-58d8bcbe ps13211\" style=\"width:2.77pt\"> </span></div><div class=\"ps5438 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:647.88pt\">($53 million), primarily related to the manufacturing reshaping program as described in Note 7.6.8.3. In 2025, the Group also recorded a total $6</span><span class=\"f charStyle-58d8bcbe ps13212\" style=\"width:2.77pt\"> </span></div><div class=\"ps5440 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:226.99pt\">million charge for write-offs on non-financial assets.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-457": {
   "value": "<div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_322\" style=\"position:absolute;top:72pt\"></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.11. Leases<span id=\"if706f1d10d3d4a848b39bc22f39bfd9e\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group leases land, buildings, cars and certain equipment (including IT equipment) which have</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:286.66pt\">remaining lease terms between less than one year and 65 years.</span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:422.16pt\">The consolidated statement of financial position shows the following amounts relating to leases:</span></div><div class=\"ps4719 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:285pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps11664 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps10988 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-8ec81ad0 ps2240\">Right-of-use assets <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Land<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11670 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">71<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11672 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">66<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13215 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">213<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13216 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">188<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13217 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13218 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">30<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13220 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13221 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13222 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13223 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">17<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4962 ss988\"><div><div class=\"ps6208 ss987\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13224 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">338<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13225 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">304<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:211.96pt\">Additions to the right-of-use assets during the </span><span class=\"f charStyle-58d8bcbe ps13226\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13227\" style=\"width:149.71pt\"> financial year were $99 million (</span><span class=\"f charStyle-58d8bcbe ps13228\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13229\" style=\"width:61.74pt\">: $59 million).</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Expenses related to short\u2010term leases were $11 million as of December 31, 2025 (2024: $14 million).<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13236 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.05pt\">Low\u2010value leases were not significant in </span><span class=\"f charStyle-58d8bcbe ps13232\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13233\" style=\"width:26.92pt\"> and </span><span class=\"f charStyle-58d8bcbe ps13234\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13235\" style=\"width:203.52pt\">. Interest expense (included in finance cost<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:135.93pt\">described in Note 7.6.32) was </span><span class=\"f charStyle-bdf8be45 ps13237\" style=\"width:15.94pt\"><span style=\"background-color:inherit\">$11</span></span><span class=\"f charStyle-58d8bcbe ps13238\" style=\"width:59.06pt\"> million as of </span><span class=\"f charStyle-58d8bcbe ps13239\" style=\"width:88.17pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13240\" style=\"width:6.29pt\"> (</span><span class=\"f charStyle-58d8bcbe ps13241\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13242\" style=\"width:140.34pt\">: $12 million). Cash outflows for</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps4370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:198.87pt\">leases totaled $87 million for the year ended </span><span class=\"f charStyle-58d8bcbe ps13244\" style=\"width:87.79pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13245\" style=\"width:6.1pt\"> (</span><span class=\"f charStyle-58d8bcbe ps13246\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13247\" style=\"width:59.42pt\">: $83 million).</span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.27pt\">Maturities of lease liabilities are as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:375pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps10988 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13249 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">108<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11672 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">78<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13216 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">37<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13218 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">28<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13221 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13223 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">126<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total future undiscounted cash outflows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13225 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">397<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">Effect of discounting<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13251 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:70.64pt\"></span></span><span class=\"ps13250\">(73)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4967 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13252 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13254 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:375pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13249 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">79<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11672 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">50<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13216 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">57<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13218 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">26<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13221 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">21<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13223 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">111<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total future undiscounted cash outflows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13225 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">344<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-dd7c1b62 ps2240\">Effect of discounting<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13251 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:70.64pt\"></span></span><span class=\"ps13250\">(64)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4967 ss990\"><div><div class=\"ps6208 ss989\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13252 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Depreciation expense in the consolidated income statement shows the following amounts relating to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:31.67pt\">leases:</span></div><div class=\"ps9328 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:285pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss991\"><div><div class=\"ps11772 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps11664 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps10988 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0 ps9916\">December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss991\"><div><div class=\"ps11772 ss987\"><span class=\"f charStyle-8ec81ad0 ps2240\">Depreciation expense on right-of-use assets <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10768 ss992\"><div><div class=\"ps7080 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Land<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13256 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13257 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8047 ss992\"><div><div class=\"ps7080 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Buildings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13258 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">51<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13259 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">52<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2719 ss992\"><div><div class=\"ps7080 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Machinery and equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13260 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13261 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5120 ss992\"><div><div class=\"ps7080 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Computer and R&amp;D equipment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13262 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13263 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3717 ss992\"><div><div class=\"ps7080 ss987\"><span class=\"f charStyle-dd7c1b62 ps2240\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13264 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13265 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5488 ss991\"><div><div class=\"ps11772 ss987\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13266 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">71<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13267 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">75<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Reported amounts related to lease arrangements are further described in Notes 7.6.10, 7.6.14 and</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.55pt\">7.6.32.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-459": {
   "value": "<div class=\"ps13272 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.12. Intangible assets <span id=\"i22ebe4b85a084826b3f4a5755f3a7174\"></span></span></div><div class=\"ps13275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.86pt\">Intangible assets consisted of the follo</span><span class=\"f charStyle-58d8bcbe ps1850\" style=\"width:20.56pt\">wing</span><span class=\"f charStyle-58d8bcbe ps13273\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps13274\" style=\"width:2.77pt\"> </span></div><div class=\"ps13309 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8639 ss995\"><div><div class=\"ps11772 ss994\"><span class=\"f charStyle-8ec81ad0 ps13276\">As of December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss996\"><div><div class=\"ps13277 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13279 ss997\"><div><div class=\"ps13277 ss253\"><span class=\"f charStyle-8ec81ad0 ps13278\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13282 ss997\"><div><div class=\"ps6424 ss253\"><span class=\"f charStyle-8ec81ad0 ps13280\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps6425 ss253\"><span class=\"f charStyle-8ec81ad0 ps13281\">amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13284 ss997\"><div><div class=\"ps13277 ss253\"><span class=\"f charStyle-8ec81ad0 ps13283\">Net value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2254 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased technologies and licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13286 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">774<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13288 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(589)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13289 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">185<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3564 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13290 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">396<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13291 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(337)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13293 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2594 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Internally developed software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13294 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">85<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13296 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:69.89pt\"></span></span><span class=\"ps13295\">(70)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13297 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2725 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capitalized development costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13299 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">3,979<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13301 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(2,707)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13302 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,272<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2274 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Intangibles in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13303 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13305 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.88pt\"></span></span><span class=\"ps13304\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13306 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8690 ss1002\"><div><div class=\"ps6208 ss993\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8692 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">5,299<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13307 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(3,703)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13308 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,596<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13331 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8639 ss995\"><div><div class=\"ps13311 ss994\"><span class=\"f charStyle-8ec81ad0 ps13276\">As of December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss1004\"><div><div class=\"ps8493 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13279 ss1005\"><div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13278\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13282 ss1005\"><div><div class=\"ps8495 ss253\"><span class=\"f charStyle-8ec81ad0 ps13280\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13281\">amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13284 ss1005\"><div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13283\">Net value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8047 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased technologies and licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13312 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">766<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13313 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(577)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13314 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">189<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13315 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">368<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13316 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(293)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13317 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">75<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2266 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Internally developed software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13318 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">116<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13319 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(102)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13320 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2270 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capitalized development costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13321 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">3,678<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13322 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(2,508)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13323 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,170<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11962 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Intangibles in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13324 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13325 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.88pt\"></span></span><span class=\"ps13304\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13326 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13327 ss1002\"><div><div class=\"ps6208 ss993\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13328 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">4,996<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13329 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(3,480)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13330 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,516<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13337 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.59pt\">In the year ended </span><span class=\"f charStyle-58d8bcbe ps13332\" style=\"width:91.31pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13333\" style=\"width:190.99pt\">, specific project-related funding totaled $</span><span class=\"f charStyle-58d8bcbe ps2096\" style=\"width:11.12pt\">31</span><span class=\"f charStyle-58d8bcbe ps13334\" style=\"width:40.72pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13335\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13336\" style=\"width:23.98pt\">: $31</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">million) and were accounted for as a reduction of the gross value of related capitalized development</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps13339 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.1pt\">costs.</span></div><div class=\"ps13341 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.75pt\">Changes in the net carrying amount are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps13340\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:143.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:34.5pt\"></td></tr><tr style=\"height:39pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1007\"><div><div class=\"ps13342 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13346 ss558\"><div><div class=\"ps13344 ss183\"><span class=\"f charStyle-e64cef7e ps13343\">Purchased<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss183\"><span class=\"f charStyle-e64cef7e ps6222\">technologies<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss183\"><span class=\"f charStyle-e64cef7e ps10597\">and\u00a0licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13349 ss554\"><div><div class=\"ps13345 ss456\"><span class=\"f charStyle-e64cef7e ps13347\">Purchased<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss456\"><span class=\"f charStyle-e64cef7e ps13348\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13351 ss554\"><div><div class=\"ps13344 ss456\"><span class=\"f charStyle-e64cef7e ps10604\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss456\"><span class=\"f charStyle-e64cef7e ps13350\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss456\"><span class=\"f charStyle-e64cef7e ps13348\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13355 ss1008\"><div><div class=\"ps13344 ss726\"><span class=\"f charStyle-e64cef7e ps13352\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss726\"><span class=\"f charStyle-e64cef7e ps13353\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss726\"><span class=\"f charStyle-e64cef7e ps13354\">costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1009\"><div><div class=\"ps13345 ss713\"><span class=\"f charStyle-e64cef7e ps13356\">Intangibles<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss713\"><span class=\"f charStyle-e64cef7e ps10928\">in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13358 ss1011\"><div><div class=\"ps13342 ss1010\"><span class=\"f charStyle-e64cef7e ps9679\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13361 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">217<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13363 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">84<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13364 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">10<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13366 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,098<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13368 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">56<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13369 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,465<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2260 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13372 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13374 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13373\">11<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13376 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13378 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13377\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13379 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13367\">63<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13381 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13380\">448<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2594 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Impairment / Write-offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13384 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13383\">(7)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13385 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13386 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13388 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13387\">(77)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13390 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13389\">(2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13392 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13391\">(86)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2725 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13393 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">16<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13394 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">23<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13395 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">10<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13397 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13399 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(49)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13401 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13400\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2274 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Amortization expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13403 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13402\">(56)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13405 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13404\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13407 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(6)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13409 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13408\">(205)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13411 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13413 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13412\">(307)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13327 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13414 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-373d9c9c ps13383\">(1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13415 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13416 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13417 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13418 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13420 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-373d9c9c ps13419\">(4)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10522 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13421 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">189<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13422 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">75<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13423 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">14<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13424 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,170<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13425 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">68<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13426 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,516<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13427 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13428 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13430 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">9<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13431 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13432 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13377\">380<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13433 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13367\">41<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13434 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13380\">475<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4138 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Impairment / Write-offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13436 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13435\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13437 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13438 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13439 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13387\">(67)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13440 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(20)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13441 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13391\">(87)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13442 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13444 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13443\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13445 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">13<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13446 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">7<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13447 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13448 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(24)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13449 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13400\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7812 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Amortization expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13450 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13402\">(55)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13451 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13404\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13452 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(6)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13454 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13453\">(211)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13455 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13456 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13412\">(312)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13457 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13458 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13443\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13459 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13460 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13461 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13462 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13464 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13463\">4<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13465 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13466 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">185<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13467 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">59<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13468 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13469 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,272<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13470 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">65<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13471 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,596<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps10366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:90.81pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps13472\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13473\" style=\"width:206.83pt\">, additions of intangible assets amounted to $</span><span class=\"f charStyle-58d8bcbe ps13474\" style=\"width:16.68pt\">475</span><span class=\"f charStyle-58d8bcbe ps13475\" style=\"width:39pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps13476\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps6973\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:16.68pt\">448</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:37.2pt\"> million).</span><span class=\"f charStyle-58d8bcbe ps13478\" style=\"width:2.77pt\"> </span></div><div class=\"ps10367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:20.93pt\">The </span><span class=\"f charStyle-58d8bcbe ps13479\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13480\" style=\"width:205.64pt\"> amortization expense included $247 million (</span><span class=\"f charStyle-58d8bcbe ps13481\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13482\" style=\"width:196.91pt\">: $235\u00a0million) in costs of sales, $33 million</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:243.16pt\">: $38 million) in R&amp;D expenses and $32\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13483\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13484\" style=\"width:176.93pt\">: $34 million) in selling, general and</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps10014 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.67pt\">administrative expen</span><span class=\"f charStyle-58d8bcbe ps182\" style=\"width:15.56pt\">ses</span><span class=\"f charStyle-58d8bcbe ps11209\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps13485\" style=\"width:2.77pt\"> </span></div><div class=\"ps4598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Development costs capitalized on projects that are still in progress and therefore not yet amortized</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.89pt\">amounted to $</span><span class=\"f charStyle-58d8bcbe ps2431\" style=\"width:16.68pt\">901</span><span class=\"f charStyle-58d8bcbe ps13486\" style=\"width:135.53pt\"> million as of December 2025 (</span><span class=\"f charStyle-58d8bcbe ps13487\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:64.98pt\">: $805 million).</span><span class=\"f charStyle-58d8bcbe ps13488\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.45pt\">The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13489\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13490\" style=\"width:61.85pt\"> amounted to </span><span class=\"f charStyle-58d8bcbe ps13491\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13492\" style=\"width:11.12pt\">87</span><span class=\"f charStyle-58d8bcbe ps13493\" style=\"width:216.64pt\">\u00a0million, of which, $67 million recorded in the line</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Cost of sales and $20\u00a0million recorded in the line Research and development expenses on the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">consolidated income statement. Amounts reported in cost of sales correspond to write-offs of capitalized</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development costs related to certain projects that were cancelled. The $20\u00a0million amount recorded in</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">R&amp;D expenses relates to a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.23pt\">longer expected. The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13494\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13495\" style=\"width:70.32pt\"> amounted to $</span><span class=\"f charStyle-58d8bcbe ps13496\" style=\"width:11.12pt\">86</span><span class=\"f charStyle-58d8bcbe ps13497\" style=\"width:129.95pt\">\u00a0million, recorded in costs of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:47.28pt\">sales for $</span><span class=\"f charStyle-58d8bcbe ps1373\" style=\"width:11.12pt\">77</span><span class=\"f charStyle-58d8bcbe ps13498\" style=\"width:409.56pt\">\u00a0million, resulting from write-offs of capitalized development costs related to certain projects</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that were cancelled, and in R&amp;D expenses for $9\u00a0million for certain technologies acquired with no</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:425.87pt\">alternative future use, primarily following the annual impairment test performed in 2024. </span><span class=\"f charStyle-58d8bcbe ps13499\" style=\"width:42.03pt\">The key-</span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">assumptions used for value-in-use calculations are based on the most recent budget of each CGU tested.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Management determined budgeted Gross Margin based on past performance, and its expectations for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.33pt\">market development.</span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.13. Goodwill <span id=\"icabe2f21477c474d8ce04f413a715f19\"></span></span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Following the Group's reorganization announced in January 2024 into four reportable segments, the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps10376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group has made further progress in analyzing its global product portfolio, resulting in additional</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">adjustments to its segments, effective starting January 1, 2025. Existing goodwill was allocated to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">new reportable segments, with comparative information adjusted accordingly. These changes to segment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">reporting did not change the Group's CGUs and the level at which goodwill is tested for impairment on an</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.73pt\">annual basis or more frequently if and when impairment indicators exist.</span><span class=\"f charStyle-58d8bcbe ps13500\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Goodwill allocated to the new reportable segments and changes in the carrying amount of goodwill were</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">as follows:</span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss139 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:126pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:39pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1030\"><div><div class=\"ps12992 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13502 ss1031\"><div><div class=\"ps12992 ss642\"><span class=\"f charStyle-8ec81ad0 ps13501\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13503 ss1032\"><div><div class=\"ps12992 ss142\"><span class=\"f charStyle-8ec81ad0 ps10313\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13505 ss1033\"><div><div class=\"ps12992 ss133\"><span class=\"f charStyle-8ec81ad0 ps13504\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13507 ss1033\"><div><div class=\"ps12992 ss133\"><span class=\"f charStyle-8ec81ad0 ps13506\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13508 ss1034\"><div><div class=\"ps12992 ss286\"><span class=\"f charStyle-8ec81ad0 ps6608\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13510 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13512 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13514 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.88pt\"></span></span><span class=\"ps13513\">99<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13515 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">108<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13516 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">285<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2719 ss1038\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Write-off<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13518 ss1039\"><div><div class=\"ps11352 ss642\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.89pt\"></span></span><span class=\"ps13517\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13519 ss143\"><div><div class=\"ps11352 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13520 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13521 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13522 ss304\"><div><div class=\"ps11352 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.39pt\"></span></span><span class=\"ps13092\">(1)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2594 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13524 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.88pt\"></span></span><span class=\"ps13523\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13525 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.89pt\"></span></span><span class=\"ps12162\">(6)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13527 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.89pt\"></span></span><span class=\"ps13526\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13528 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.89pt\"></span></span><span class=\"ps13526\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13529 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.39pt\"></span></span><span class=\"ps10518\">(12)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9884 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13530 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13531 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">70<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13532 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.88pt\"></span></span><span class=\"ps13513\">96<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13533 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">105<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13534 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">272<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9083 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13535 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">11<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13537 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:62.88pt\"></span></span><span class=\"ps13536\">7<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13538 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:62.88pt\"></span></span><span class=\"ps13536\">7<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13539 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.38pt\"></span></span><span class=\"ps13022\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss1038\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13541 ss1039\"><div><div class=\"ps11352 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13542 ss143\"><div><div class=\"ps11352 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">81<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13543 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">103<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13544 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">112<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13545 ss304\"><div><div class=\"ps11352 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">297<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.83pt\">As of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13546\" style=\"width:91.09pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13547\" style=\"width:220.92pt\">, the gross value of goodwill was $342\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps3692\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13548\" style=\"width:104.92pt\">: $317 million) and the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps13552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:186.09pt\">accumulated impairment was $45\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13550\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13551\" style=\"width:59.42pt\">: $45 million).</span><span class=\"f charStyle-58d8bcbe ps357\" style=\"width:2.77pt\"> </span></div><div class=\"ps13553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Goodwill is allocated to the Group\u2019s CGUs and tested for impairment at one level below operating</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">segments. The recoverable amount of a CGU is determined based on value-in-use calculations. These</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps13555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">calculations use cash flow projections based on financial budgets and management\u2019s best estimates</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2747 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.07pt\">about future developments, as well as market and customer assumptions.</span></div><div class=\"ps2748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group tests whether goodwill has suffered any impairment on an annual basis during the second half</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.9pt\">of each year. In the </span><span class=\"f charStyle-58d8bcbe ps2610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13556\" style=\"width:22.68pt\"> and </span><span class=\"f charStyle-58d8bcbe ps13557\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13558\" style=\"width:311.93pt\"> reporting periods, no goodwill impairment was recorded for any of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Group\u2019s CGUs. For the annual impairment test, the key-assumptions used for value-in-use calculations</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">are based on the most recent five-year plan of each CGU tested. The average perpetuity growth rate was</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps13566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.96pt\">1.5% (</span><span class=\"f charStyle-58d8bcbe ps13562\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13563\" style=\"width:183.92pt\">: 1.5%) and discount rate was from 14% (</span><span class=\"f charStyle-58d8bcbe ps13564\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13565\" style=\"width:210.53pt\">: 14%) pre-tax and inferred from the observable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">volatility of share prices for comparable companies in the semiconductor industry. These assumptions</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">have been used, as applicable, for the analysis of each CGU within the operating segments. Management</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determined budgeted Gross Margin based on past performance, and its expectations for the market</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">development. The average yearly growth rates used are consistent with the forecast included in industry<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant CGUs. No</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">reasonably possible change in key assumptions would lead to a significant impairment loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-458": {
   "value": "<div class=\"ps13272 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.12. Intangible assets <span id=\"i22ebe4b85a084826b3f4a5755f3a7174\"></span></span></div><div class=\"ps13275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.86pt\">Intangible assets consisted of the follo</span><span class=\"f charStyle-58d8bcbe ps1850\" style=\"width:20.56pt\">wing</span><span class=\"f charStyle-58d8bcbe ps13273\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps13274\" style=\"width:2.77pt\"> </span></div><div class=\"ps13309 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8639 ss995\"><div><div class=\"ps11772 ss994\"><span class=\"f charStyle-8ec81ad0 ps13276\">As of December\u00a031, 2025<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss996\"><div><div class=\"ps13277 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13279 ss997\"><div><div class=\"ps13277 ss253\"><span class=\"f charStyle-8ec81ad0 ps13278\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13282 ss997\"><div><div class=\"ps6424 ss253\"><span class=\"f charStyle-8ec81ad0 ps13280\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps6425 ss253\"><span class=\"f charStyle-8ec81ad0 ps13281\">amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13284 ss997\"><div><div class=\"ps13277 ss253\"><span class=\"f charStyle-8ec81ad0 ps13283\">Net value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2254 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased technologies and licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13286 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">774<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13288 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(589)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13289 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">185<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3564 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13290 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">396<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13291 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(337)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13293 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2594 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Internally developed software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13294 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">85<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13296 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:69.89pt\"></span></span><span class=\"ps13295\">(70)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13297 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2725 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capitalized development costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13299 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">3,979<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13301 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(2,707)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13302 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,272<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2274 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Intangibles in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13303 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13305 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.88pt\"></span></span><span class=\"ps13304\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13306 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8690 ss1002\"><div><div class=\"ps6208 ss993\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8692 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">5,299<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13307 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(3,703)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13308 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,596<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13331 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:13.5pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8639 ss995\"><div><div class=\"ps13311 ss994\"><span class=\"f charStyle-8ec81ad0 ps13276\">As of December\u00a031, 2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7392 ss1004\"><div><div class=\"ps8493 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13279 ss1005\"><div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13278\">Gross value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13282 ss1005\"><div><div class=\"ps8495 ss253\"><span class=\"f charStyle-8ec81ad0 ps13280\">Accumulated<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13281\">amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13284 ss1005\"><div><div class=\"ps8493 ss253\"><span class=\"f charStyle-8ec81ad0 ps13283\">Net value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8047 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased technologies and licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13312 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">766<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13313 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(577)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13314 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">189<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Purchased software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13315 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">368<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13316 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(293)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13317 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">75<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2266 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Internally developed software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13318 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:67.88pt\"></span></span><span class=\"ps13285\">116<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13319 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:64.89pt\"></span></span><span class=\"ps13287\">(102)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13320 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2270 ss1000\"><div><div class=\"ps7080 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Capitalized development costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13321 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">3,678<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13322 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(2,508)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13323 ss1001\"><div><div class=\"ps7080 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,170<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11962 ss998\"><div><div class=\"ps11772 ss993\"><span class=\"f charStyle-dd7c1b62 ps2240\">Intangibles in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13324 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13325 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.88pt\"></span></span><span class=\"ps13304\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13326 ss999\"><div><div class=\"ps11772 ss253\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:72.88pt\"></span></span><span class=\"ps13292\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13327 ss1002\"><div><div class=\"ps6208 ss993\"><span class=\"f charStyle-8ec81ad0 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13328 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">4,996<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13329 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.39pt\"></span></span><span class=\"ps13300\">(3,480)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13330 ss1003\"><div><div class=\"ps6208 ss253\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:60.38pt\"></span></span><span class=\"ps13298\">1,516<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13337 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.59pt\">In the year ended </span><span class=\"f charStyle-58d8bcbe ps13332\" style=\"width:91.31pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13333\" style=\"width:190.99pt\">, specific project-related funding totaled $</span><span class=\"f charStyle-58d8bcbe ps2096\" style=\"width:11.12pt\">31</span><span class=\"f charStyle-58d8bcbe ps13334\" style=\"width:40.72pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13335\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13336\" style=\"width:23.98pt\">: $31</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">million) and were accounted for as a reduction of the gross value of related capitalized development</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps13339 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.1pt\">costs.</span></div><div class=\"ps13341 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.75pt\">Changes in the net carrying amount are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps13340\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:143.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:34.5pt\"></td></tr><tr style=\"height:39pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1007\"><div><div class=\"ps13342 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13346 ss558\"><div><div class=\"ps13344 ss183\"><span class=\"f charStyle-e64cef7e ps13343\">Purchased<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss183\"><span class=\"f charStyle-e64cef7e ps6222\">technologies<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss183\"><span class=\"f charStyle-e64cef7e ps10597\">and\u00a0licenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13349 ss554\"><div><div class=\"ps13345 ss456\"><span class=\"f charStyle-e64cef7e ps13347\">Purchased<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss456\"><span class=\"f charStyle-e64cef7e ps13348\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13351 ss554\"><div><div class=\"ps13344 ss456\"><span class=\"f charStyle-e64cef7e ps10604\">Internally<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss456\"><span class=\"f charStyle-e64cef7e ps13350\">developed<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss456\"><span class=\"f charStyle-e64cef7e ps13348\">software<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13355 ss1008\"><div><div class=\"ps13344 ss726\"><span class=\"f charStyle-e64cef7e ps13352\">Capitalized<span class=\"f ps26\"> </span></span></div><div class=\"ps13345 ss726\"><span class=\"f charStyle-e64cef7e ps13353\">development<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss726\"><span class=\"f charStyle-e64cef7e ps13354\">costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1009\"><div><div class=\"ps13345 ss713\"><span class=\"f charStyle-e64cef7e ps13356\">Intangibles<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss713\"><span class=\"f charStyle-e64cef7e ps10928\">in progress<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13358 ss1011\"><div><div class=\"ps13342 ss1010\"><span class=\"f charStyle-e64cef7e ps9679\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13361 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">217<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13363 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">84<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13364 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">10<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13366 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,098<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13368 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">56<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13369 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,465<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2260 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13372 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13374 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13373\">11<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13376 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13378 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13377\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13379 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13367\">63<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13381 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13380\">448<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2594 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Impairment / Write-offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13384 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13383\">(7)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13385 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13386 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13388 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13387\">(77)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13390 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13389\">(2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13392 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13391\">(86)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2725 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13393 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">16<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13394 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">23<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13395 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">10<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13397 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13399 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(49)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13401 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13400\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2274 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Amortization expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13403 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13402\">(56)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13405 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13404\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13407 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(6)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13409 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13408\">(205)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13411 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13413 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13412\">(307)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13327 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13414 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-373d9c9c ps13383\">(1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13415 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13416 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13417 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13418 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13420 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-373d9c9c ps13419\">(4)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10522 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13421 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">189<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13422 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">75<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13423 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">14<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13424 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,170<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13425 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">68<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13426 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,516<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13427 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13428 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13371\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13430 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">9<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13431 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13432 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13377\">380<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13433 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13367\">41<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13434 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13380\">475<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4138 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Impairment / Write-offs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13436 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13435\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13437 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13438 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13439 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13387\">(67)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13440 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(20)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13441 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13391\">(87)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13442 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Transfers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13444 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13443\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13445 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13362\">13<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13446 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">7<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13447 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13448 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13398\">(24)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13449 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13400\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7812 ss1023\"><div><div class=\"ps13382 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Amortization expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13450 ss1024\"><div><div class=\"ps13382 ss183\"><span class=\"f charStyle-373d9c9c ps13402\">(55)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13451 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13404\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13452 ss1025\"><div><div class=\"ps13382 ss456\"><span class=\"f charStyle-373d9c9c ps13406\">(6)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13454 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c ps13453\">(211)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13455 ss1027\"><div><div class=\"ps13382 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13456 ss1028\"><div><div class=\"ps13382 ss1010\"><span class=\"f charStyle-373d9c9c ps13412\">(312)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13457 ss1017\"><div><div class=\"ps13370 ss1006\"><span class=\"f charStyle-373d9c9c ps52\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13458 ss1018\"><div><div class=\"ps13370 ss183\"><span class=\"f charStyle-373d9c9c ps13443\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13459 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13429\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13460 ss1019\"><div><div class=\"ps13370 ss456\"><span class=\"f charStyle-373d9c9c ps13375\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13461 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c ps13396\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13462 ss1021\"><div><div class=\"ps13370 ss713\"><span class=\"f charStyle-373d9c9c ps13410\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13464 ss1022\"><div><div class=\"ps13370 ss1010\"><span class=\"f charStyle-373d9c9c ps13463\">4<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13465 ss1012\"><div><div class=\"ps13359 ss1006\"><span class=\"f charStyle-e64cef7e ps52\">Balance as of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13466 ss1013\"><div><div class=\"ps13359 ss183\"><span class=\"f charStyle-e64cef7e ps13360\">185<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13467 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">59<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13468 ss1014\"><div><div class=\"ps13359 ss456\"><span class=\"f charStyle-e64cef7e ps13362\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13469 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e ps13365\">1,272<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13470 ss1015\"><div><div class=\"ps13359 ss713\"><span class=\"f charStyle-e64cef7e ps13367\">65<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13471 ss1016\"><div><div class=\"ps13359 ss1010\"><span class=\"f charStyle-e64cef7e ps12092\">1,596<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps10366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:90.81pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps13472\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13473\" style=\"width:206.83pt\">, additions of intangible assets amounted to $</span><span class=\"f charStyle-58d8bcbe ps13474\" style=\"width:16.68pt\">475</span><span class=\"f charStyle-58d8bcbe ps13475\" style=\"width:39pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps13476\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps6973\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:16.68pt\">448</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:37.2pt\"> million).</span><span class=\"f charStyle-58d8bcbe ps13478\" style=\"width:2.77pt\"> </span></div><div class=\"ps10367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:20.93pt\">The </span><span class=\"f charStyle-58d8bcbe ps13479\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13480\" style=\"width:205.64pt\"> amortization expense included $247 million (</span><span class=\"f charStyle-58d8bcbe ps13481\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13482\" style=\"width:196.91pt\">: $235\u00a0million) in costs of sales, $33 million</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:243.16pt\">: $38 million) in R&amp;D expenses and $32\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13483\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13484\" style=\"width:176.93pt\">: $34 million) in selling, general and</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps10014 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.67pt\">administrative expen</span><span class=\"f charStyle-58d8bcbe ps182\" style=\"width:15.56pt\">ses</span><span class=\"f charStyle-58d8bcbe ps11209\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps13485\" style=\"width:2.77pt\"> </span></div><div class=\"ps4598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Development costs capitalized on projects that are still in progress and therefore not yet amortized</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.89pt\">amounted to $</span><span class=\"f charStyle-58d8bcbe ps2431\" style=\"width:16.68pt\">901</span><span class=\"f charStyle-58d8bcbe ps13486\" style=\"width:135.53pt\"> million as of December 2025 (</span><span class=\"f charStyle-58d8bcbe ps13487\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:64.98pt\">: $805 million).</span><span class=\"f charStyle-58d8bcbe ps13488\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.45pt\">The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13489\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13490\" style=\"width:61.85pt\"> amounted to </span><span class=\"f charStyle-58d8bcbe ps13491\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13492\" style=\"width:11.12pt\">87</span><span class=\"f charStyle-58d8bcbe ps13493\" style=\"width:216.64pt\">\u00a0million, of which, $67 million recorded in the line</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Cost of sales and $20\u00a0million recorded in the line Research and development expenses on the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">consolidated income statement. Amounts reported in cost of sales correspond to write-offs of capitalized</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development costs related to certain projects that were cancelled. The $20\u00a0million amount recorded in</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">R&amp;D expenses relates to a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.23pt\">longer expected. The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13494\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13495\" style=\"width:70.32pt\"> amounted to $</span><span class=\"f charStyle-58d8bcbe ps13496\" style=\"width:11.12pt\">86</span><span class=\"f charStyle-58d8bcbe ps13497\" style=\"width:129.95pt\">\u00a0million, recorded in costs of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:47.28pt\">sales for $</span><span class=\"f charStyle-58d8bcbe ps1373\" style=\"width:11.12pt\">77</span><span class=\"f charStyle-58d8bcbe ps13498\" style=\"width:409.56pt\">\u00a0million, resulting from write-offs of capitalized development costs related to certain projects</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that were cancelled, and in R&amp;D expenses for $9\u00a0million for certain technologies acquired with no</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:425.87pt\">alternative future use, primarily following the annual impairment test performed in 2024. </span><span class=\"f charStyle-58d8bcbe ps13499\" style=\"width:42.03pt\">The key-</span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">assumptions used for value-in-use calculations are based on the most recent budget of each CGU tested.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Management determined budgeted Gross Margin based on past performance, and its expectations for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.33pt\">market development.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-460": {
   "value": "<div class=\"ps13272 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.12. Intangible assets <span id=\"i22ebe4b85a084826b3f4a5755f3a7174\"></span></span></div><div class=\"ps4598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Development costs capitalized on projects that are still in progress and therefore not yet amortized</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.89pt\">amounted to $</span><span class=\"f charStyle-58d8bcbe ps2431\" style=\"width:16.68pt\">901</span><span class=\"f charStyle-58d8bcbe ps13486\" style=\"width:135.53pt\"> million as of December 2025 (</span><span class=\"f charStyle-58d8bcbe ps13487\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps12703\" style=\"width:64.98pt\">: $805 million).</span><span class=\"f charStyle-58d8bcbe ps13488\" style=\"width:2.77pt\"> </span></div><div class=\"ps3205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.45pt\">The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13489\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13490\" style=\"width:61.85pt\"> amounted to </span><span class=\"f charStyle-58d8bcbe ps13491\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13492\" style=\"width:11.12pt\">87</span><span class=\"f charStyle-58d8bcbe ps13493\" style=\"width:216.64pt\">\u00a0million, of which, $67 million recorded in the line</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Cost of sales and $20\u00a0million recorded in the line Research and development expenses on the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">consolidated income statement. Amounts reported in cost of sales correspond to write-offs of capitalized</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">development costs related to certain projects that were cancelled. The $20\u00a0million amount recorded in</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">R&amp;D expenses relates to a license under joint development with a third party, for which future use is no</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps5066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.23pt\">longer expected. The impairment and write-offs for </span><span class=\"f charStyle-58d8bcbe ps13494\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13495\" style=\"width:70.32pt\"> amounted to $</span><span class=\"f charStyle-58d8bcbe ps13496\" style=\"width:11.12pt\">86</span><span class=\"f charStyle-58d8bcbe ps13497\" style=\"width:129.95pt\">\u00a0million, recorded in costs of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:47.28pt\">sales for $</span><span class=\"f charStyle-58d8bcbe ps1373\" style=\"width:11.12pt\">77</span><span class=\"f charStyle-58d8bcbe ps13498\" style=\"width:409.56pt\">\u00a0million, resulting from write-offs of capitalized development costs related to certain projects</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">that were cancelled, and in R&amp;D expenses for $9\u00a0million for certain technologies acquired with no</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:425.87pt\">alternative future use, primarily following the annual impairment test performed in 2024. </span><span class=\"f charStyle-58d8bcbe ps13499\" style=\"width:42.03pt\">The key-</span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">assumptions used for value-in-use calculations are based on the most recent budget of each CGU tested.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Management determined budgeted Gross Margin based on past performance, and its expectations for the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.33pt\">market development.</span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.13. Goodwill <span id=\"icabe2f21477c474d8ce04f413a715f19\"></span></span></div><div class=\"ps2748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group tests whether goodwill has suffered any impairment on an annual basis during the second half</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.9pt\">of each year. In the </span><span class=\"f charStyle-58d8bcbe ps2610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13556\" style=\"width:22.68pt\"> and </span><span class=\"f charStyle-58d8bcbe ps13557\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13558\" style=\"width:311.93pt\"> reporting periods, no goodwill impairment was recorded for any of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Group\u2019s CGUs. For the annual impairment test, the key-assumptions used for value-in-use calculations</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">are based on the most recent five-year plan of each CGU tested. The average perpetuity growth rate was</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps13566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.96pt\">1.5% (</span><span class=\"f charStyle-58d8bcbe ps13562\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13563\" style=\"width:183.92pt\">: 1.5%) and discount rate was from 14% (</span><span class=\"f charStyle-58d8bcbe ps13564\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13565\" style=\"width:210.53pt\">: 14%) pre-tax and inferred from the observable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">volatility of share prices for comparable companies in the semiconductor industry. These assumptions</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">have been used, as applicable, for the analysis of each CGU within the operating segments. Management</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determined budgeted Gross Margin based on past performance, and its expectations for the market</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">development. The average yearly growth rates used are consistent with the forecast included in industry<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant CGUs. No</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">reasonably possible change in key assumptions would lead to a significant impairment loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-461": {
   "value": "<div class=\"ps2459 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.13. Goodwill <span id=\"icabe2f21477c474d8ce04f413a715f19\"></span></span></div><div class=\"ps12496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Following the Group's reorganization announced in January 2024 into four reportable segments, the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps10376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group has made further progress in analyzing its global product portfolio, resulting in additional</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps10864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">adjustments to its segments, effective starting January 1, 2025. Existing goodwill was allocated to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">new reportable segments, with comparative information adjusted accordingly. These changes to segment</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">reporting did not change the Group's CGUs and the level at which goodwill is tested for impairment on an</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.73pt\">annual basis or more frequently if and when impairment indicators exist.</span><span class=\"f charStyle-58d8bcbe ps13500\" style=\"width:2.77pt\"> </span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Goodwill allocated to the new reportable segments and changes in the carrying amount of goodwill were</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:46.65pt\">as follows:</span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss139 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:126pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:39pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1030\"><div><div class=\"ps12992 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13502 ss1031\"><div><div class=\"ps12992 ss642\"><span class=\"f charStyle-8ec81ad0 ps13501\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13503 ss1032\"><div><div class=\"ps12992 ss142\"><span class=\"f charStyle-8ec81ad0 ps10313\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13505 ss1033\"><div><div class=\"ps12992 ss133\"><span class=\"f charStyle-8ec81ad0 ps13504\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13507 ss1033\"><div><div class=\"ps12992 ss133\"><span class=\"f charStyle-8ec81ad0 ps13506\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13508 ss1034\"><div><div class=\"ps12992 ss286\"><span class=\"f charStyle-8ec81ad0 ps6608\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13510 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13512 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13514 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.88pt\"></span></span><span class=\"ps13513\">99<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13515 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">108<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13516 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">285<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2719 ss1038\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Write-off<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13518 ss1039\"><div><div class=\"ps11352 ss642\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.89pt\"></span></span><span class=\"ps13517\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13519 ss143\"><div><div class=\"ps11352 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13520 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13521 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13522 ss304\"><div><div class=\"ps11352 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.39pt\"></span></span><span class=\"ps13092\">(1)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2594 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13524 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.88pt\"></span></span><span class=\"ps13523\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13525 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.89pt\"></span></span><span class=\"ps12162\">(6)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13527 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.89pt\"></span></span><span class=\"ps13526\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13528 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.89pt\"></span></span><span class=\"ps13526\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13529 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.39pt\"></span></span><span class=\"ps10518\">(12)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9884 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13530 ss1036\"><div><div class=\"ps13311 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13531 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">70<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13532 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:57.88pt\"></span></span><span class=\"ps13513\">96<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13533 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">105<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13534 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">272<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9083 ss1035\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-dd7c1b62 ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13535 ss290\"><div><div class=\"ps13311 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">11<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13537 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:62.88pt\"></span></span><span class=\"ps13536\">7<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13538 ss1037\"><div><div class=\"ps13311 ss133\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:62.88pt\"></span></span><span class=\"ps13536\">7<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13539 ss293\"><div><div class=\"ps13311 ss286\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.38pt\"></span></span><span class=\"ps13022\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss1038\"><div><div class=\"ps99 ss1029\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13541 ss1039\"><div><div class=\"ps11352 ss642\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:59.88pt\"></span></span><span class=\"ps13509\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13542 ss143\"><div><div class=\"ps11352 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">81<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13543 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">103<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13544 ss1040\"><div><div class=\"ps11352 ss133\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">112<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:0\"><div class=\"ps13545 ss304\"><div><div class=\"ps11352 ss286\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.38pt\"></span></span><span class=\"ps12095\">297<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.83pt\">As of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13546\" style=\"width:91.09pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13547\" style=\"width:220.92pt\">, the gross value of goodwill was $342\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps3692\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13548\" style=\"width:104.92pt\">: $317 million) and the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps13552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:186.09pt\">accumulated impairment was $45\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13550\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13551\" style=\"width:59.42pt\">: $45 million).</span><span class=\"f charStyle-58d8bcbe ps357\" style=\"width:2.77pt\"> </span></div><div class=\"ps13553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Goodwill is allocated to the Group\u2019s CGUs and tested for impairment at one level below operating</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">segments. The recoverable amount of a CGU is determined based on value-in-use calculations. These</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps13555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">calculations use cash flow projections based on financial budgets and management\u2019s best estimates</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2747 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:326.07pt\">about future developments, as well as market and customer assumptions.</span></div><div class=\"ps2748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The Group tests whether goodwill has suffered any impairment on an annual basis during the second half</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.9pt\">of each year. In the </span><span class=\"f charStyle-58d8bcbe ps2610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps13556\" style=\"width:22.68pt\"> and </span><span class=\"f charStyle-58d8bcbe ps13557\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13558\" style=\"width:311.93pt\"> reporting periods, no goodwill impairment was recorded for any of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Group\u2019s CGUs. For the annual impairment test, the key-assumptions used for value-in-use calculations</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">are based on the most recent five-year plan of each CGU tested. The average perpetuity growth rate was</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps13566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.96pt\">1.5% (</span><span class=\"f charStyle-58d8bcbe ps13562\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13563\" style=\"width:183.92pt\">: 1.5%) and discount rate was from 14% (</span><span class=\"f charStyle-58d8bcbe ps13564\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps13565\" style=\"width:210.53pt\">: 14%) pre-tax and inferred from the observable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">volatility of share prices for comparable companies in the semiconductor industry. These assumptions</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">have been used, as applicable, for the analysis of each CGU within the operating segments. Management</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps13569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determined budgeted Gross Margin based on past performance, and its expectations for the market</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">development. The average yearly growth rates used are consistent with the forecast included in industry<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant CGUs. No</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">reasonably possible change in key assumptions would lead to a significant impairment loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-462": {
   "value": "<div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_331\" style=\"position:absolute;top:72pt\"></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.14. Other financial assets and financial liabilities <span id=\"i0502e5647d2248e080baf61e084cafa5\"></span></span></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13622 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1041\"><div><div class=\"ps11859 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2778 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted debt securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13574 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13575 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Unquoted equity securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13577 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13578 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">20<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13579 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">137<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13580 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">64<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13581 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">28<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13582 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">24<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13583 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13584 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13585 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13586 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13588 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13589 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13592 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13594 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13596 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13597 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9003 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6453 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13598 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13599 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">10<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13600 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13601 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13602 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12814 ss1041\"><div><div class=\"ps8552 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Embedded call option - Senior unsecured convertible bonds issued on <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13603 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13604 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13605 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total derivatives financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13606 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13607 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12825 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13608 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13609 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13610 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13611 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13612 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13613 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13614 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,251<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13615 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,572<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13616 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13617 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">1,061<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13618 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,464<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13619 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13620 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13621 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps13623\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:120pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:63pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1043\"><div><div class=\"ps13626 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8209 ss1044\"><div><div class=\"ps13628 ss161\"><span class=\"f charStyle-e64cef7e ps13627\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss161\"><span class=\"f charStyle-e64cef7e ps9604\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13633 ss1045\"><div><div class=\"ps13345 ss314\"><span class=\"f charStyle-e64cef7e ps13629\">Change<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss314\"><span class=\"f charStyle-e64cef7e ps9495\">in fair<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss314\"><span class=\"f charStyle-e64cef7e ps9298\">value<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss314\"><span class=\"f charStyle-e64cef7e ps13631\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13632\">in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8583 ss1046\"><div><div class=\"ps13345 ss182\"><span class=\"f charStyle-e64cef7e ps9211\">Change\u00a0in<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss182\"><span class=\"f charStyle-e64cef7e ps13634\">fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss182\"><span class=\"f charStyle-e64cef7e ps10796\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss182\"><span class=\"f charStyle-e64cef7e ps10763\">in income<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss182\"><span class=\"f charStyle-e64cef7e ps13635\">statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13637 ss1045\"><div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13636\">Increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13639 ss1047\"><div><div class=\"ps13628 ss715\"><span class=\"f charStyle-e64cef7e ps13638\">Sale /<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss715\"><span class=\"f charStyle-e64cef7e ps8965\">Settlement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1048\"><div><div class=\"ps13626 ss158\"><span class=\"f charStyle-e64cef7e ps9671\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3557 ss1049\"><div><div class=\"ps13628 ss672\"><span class=\"f charStyle-e64cef7e ps13640\">December <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss672\"><span class=\"f charStyle-e64cef7e ps13641\">31, 2025</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2790 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13643 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13501\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13645 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10736 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13647 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13648 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps9232\">(1,900)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13649 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13651 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">985<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13653 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13654 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13656 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13658 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13657\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13660 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13661 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">137<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4713 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13662 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,516<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13663 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13664 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13665 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13666 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13667 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13669 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,122<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9805 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13670 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13671 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13672 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13674 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13676 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13677 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13679 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">25<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3906 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13680 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">24<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13681 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13682 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13683 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13684 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10230 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13685 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">28<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:33pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3702 ss1056\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13686 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13687 ss763\"><div><div class=\"ps3358 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13688 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13689 ss1058\"><div><div class=\"ps3358 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13690 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">363<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13691 ss1059\"><div><div class=\"ps3358 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13692 ss519\"><div><div class=\"ps3358 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13693 ss1060\"><div><div class=\"ps3358 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps13775 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss154 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:113.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:48pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1061\"><div><div class=\"ps13697 ss218\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13700 ss538\"><div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps6222\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps13699\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13704 ss538\"><div><div class=\"ps13701 ss156\"><span class=\"f charStyle-e64cef7e ps6218\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13703 ss156\"><span class=\"f charStyle-e64cef7e ps13702\">fair value</span></div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps10502\">included in</span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps10731\">OCI*</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13710 ss536\"><div><div class=\"ps13705 ss160\"><span class=\"f charStyle-e64cef7e ps6368\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13701 ss160\"><span class=\"f charStyle-e64cef7e ps13706\">fair value</span></div><div class=\"ps13703 ss160\"><span class=\"f charStyle-e64cef7e ps13707\">included in</span></div><div class=\"ps13698 ss160\"><span class=\"f charStyle-e64cef7e ps13708\">income</span></div><div class=\"ps13697 ss160\"><span class=\"f charStyle-e64cef7e ps13709\">statement</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13712 ss1063\"><div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Purchase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1063\"><div><div class=\"ps13703 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Proceeds <span class=\"f ps26\"> </span></span></div><div class=\"ps13698 ss286\"><span class=\"f charStyle-e64cef7e ps13713\">at</span></div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13714\">maturity</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8642 ss1065\"><div><div class=\"ps13697 ss1064\"><span class=\"f charStyle-e64cef7e ps13715\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1066\"><div><div class=\"ps13698 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2024</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5476 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13718 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,635<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13720 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13722 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13724 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">2,980<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13726 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13728 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13729 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,452<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13731 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">13<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13733 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13734 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13736 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:24.83pt\"></span></span><span class=\"ps13735\">51<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13738 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13740 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13742 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">64<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps711 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13743 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,648<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13744 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13745 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13746 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,031<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13747 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13748 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13749 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,516<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11792 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13750 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">22<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13752 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13753 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13754 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13755 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13756 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13757 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">20<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5138 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13758 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">18<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13759 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13761 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13763 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:29.27pt\"></span></span><span class=\"ps13762\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13764 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13765 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13766 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">24<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12341 ss1073\"><div><div class=\"ps13767 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13768 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13769 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13770 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,688<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13771 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6505 ss214\"><div><div class=\"ps13768 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6409 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,034<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13772 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13773 ss1076\"><div><div class=\"ps13768 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13774 ss1077\"><div><div class=\"ps13768 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,560<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13777 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:166.55pt\">Investments held in debt securities</span><span class=\"f charStyle-a745408e ps5775\" style=\"width:2.77pt\"> </span></div><div class=\"ps13781 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.51pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13778\" style=\"width:92.77pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2066\" style=\"width:89.94pt\">, the Group held $</span><span class=\"f charStyle-58d8bcbe ps13779\" style=\"width:16.68pt\">985</span><span class=\"f charStyle-58d8bcbe ps13780\" style=\"width:237.98pt\"> million of U.S. Treasury debt securities. The debt</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps13782 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">securities have a rating of AAA/AA+/AA+ from Moody\u2019s, S&amp;P and Fitch, respectively and an average</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps13783 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">maturity of 2.31 years. The debt securities were reported as current assets on the line \u201cOther current</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13786 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.78pt\">financial assets\u201d on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps13784\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13785\" style=\"width:51.46pt\">, since they</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:290.53pt\">represented investments of funds available for current operations.<span class=\"f ps26\"> </span></span></div><div class=\"ps13788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Marketable securities totaling $350 million at principal amount were transferred to financial institutions as</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">part of short-term securities lending transactions, in compliance with corporate policies. The Group, acting</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">as the securities lender, does not hold any collateral in this unsecured securities lending transactions. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.53pt\">Group retains effective control on the transferred securities.</span><span class=\"f charStyle-58d8bcbe ps13791\" style=\"width:2.77pt\"> </span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group applies a forward-looking expected credit loss (ECL) approach on all debt financial assets not<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">held at FVPL. For debt securities at FVOCI, the ECL is based on a 12-month expected credit loss basis.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The 12-month ECL is the portion of lifetime ECLs that results from default events on a financial instrument</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">that are possible within 12 months after the reporting date. The Group\u2019s quoted debt instruments at</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">FVOCI comprise solely U.S. Treasury debt securities, which have low credit risk. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:333.84pt\">Group has considered that the ECLs on these investments are insignificant.</span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:174.88pt\">Investments held in equity securities</span><span class=\"f charStyle-a745408e ps13795\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.23pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13796\" style=\"width:89.49pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13797\" style=\"width:351.27pt\">, the Group also had investments in quoted equity securities for an aggregate</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:43.33pt\">value of $</span><span class=\"f charStyle-58d8bcbe ps13798\" style=\"width:16.68pt\">137</span><span class=\"f charStyle-58d8bcbe ps13799\" style=\"width:125.68pt\">\u00a0million, measured at FVPL (</span><span class=\"f charStyle-58d8bcbe ps8479\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13800\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13801\" style=\"width:11.12pt\">64</span><span class=\"f charStyle-58d8bcbe ps13802\" style=\"width:37.2pt\"> million).</span><span class=\"f charStyle-58d8bcbe ps13803\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">the main segment of Hong Kong Stock Exchange. Innoscience (Suzhou) investment amounted to $127</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">million as of December 31, 2025 ($51 million as of December 31, 2024). As a publicly traded equity</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.1pt\">instrument, Innoscience investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps13804\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps13805\" style=\"width:32.67pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.14pt\">unrealized gain recognized as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps13806\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.65pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13807\" style=\"width:91.91pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps991\" style=\"width:346.34pt\">, the Group also reported other financial assets for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">28</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:37.2pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13809\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13810\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13811\" style=\"width:11.12pt\">24</span><span class=\"f charStyle-58d8bcbe ps2930\" style=\"width:37.2pt\"> million).<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13812\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group irrevocably elected to measure at FVOCI unquoted equity securities for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">25</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:43.9pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13813\" style=\"width:94.49pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13814\" style=\"width:14.45pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13815\" style=\"width:11.12pt\">20</span><span class=\"f charStyle-58d8bcbe ps13816\" style=\"width:287.28pt\"> million). Since these are long-term investments, the Group</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">considers this classification, which implies that changes in fair value are not subsequently recycled to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.83pt\">profit or loss, to be more relevant.</span><span class=\"f charStyle-58d8bcbe ps13817\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The changes in fair value reported on the Group\u2019s investments held in equity securities measured at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.17pt\">FVOCI for the years ended </span><span class=\"f charStyle-58d8bcbe ps13818\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13819\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps2933\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13820\" style=\"width:82.19pt\"> were not material.</span><span class=\"f charStyle-58d8bcbe ps13821\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.93pt\">Short-term deposits</span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">To optimize the return yield on its short-term investments, the Group invested $1,100 million of available</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:153.72pt\">cash in short-term deposits as of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13822\" style=\"width:89.97pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13823\" style=\"width:160.37pt\">, compared to $1,450 million as of </span><span class=\"f charStyle-58d8bcbe ps13824\" style=\"width:63.87pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.66pt\">. These short-term deposits had a maturity beyond three months and below one year and no</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">significant risk of changes in fair value. They are reported in the line \u201cShort-term deposits\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">consolidated statement of financial position.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.2. Other financial liabilities <span class=\"f ps26\"> </span><span id=\"ib5e8a70407ff441eb37cf3b99a459c92\"></span></span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps11859 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Lease financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred and contingent consideration on business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13836 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13837 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche A)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13840 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13841 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8727 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13842 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13843 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial liabilities (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13844 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">375<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13845 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">417<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2826 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13846 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">134<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11037 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">189<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2829 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13847 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">241<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13848 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">228<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13851 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.09pt\">described in Note 7.6.38. Lease financial liabilities are further described in Note 7.6.11.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.3.\u00a0Interest-bearing loans and borrowings<span id=\"i0fe646adcac74a52a76c21a710049f76\"></span></span><span class=\"f charStyle-a745408e ps13853\"> </span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps11766 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Funding program loans from European Investment Bank (\"EIB\"):<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.69% due 2028, floating interest rate at Euribor + 0.589%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">90<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">106<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.61% due 2029, floating interest rate at Euribor + 0.564%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">115<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">127<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.56% due 2031, floating interest rate at Euribor + 0.473%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">236<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">244<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.58% due 2031, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">116<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">120<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.73% due 2033, floating interest rate at Euribor + 0.558%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1081\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">5.07% due 2034, floating interest rate at Secured Overnight <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Financing Rate +0.939%</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13864 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">270<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13865 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">300<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Credit Facility from Cassa Depositi e Prestiti SpA (\"CDP SpA\")<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.84% due 2027, floating interest rate at Euribor + 0.690%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">44<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11888 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.65% due 2028, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13866 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13867 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">69<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8319 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.95% due 2029, floating interest rate at Euribor + 0.850%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13868 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">67<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13869 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">74<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13123 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Dual tranche senior unsecured convertible bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13133 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2025 (Tranche A)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13870 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13871 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">742<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2027 (Tranche B)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13844 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13845 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">715<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13157 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Other Funding program loans:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13167 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">0.25% (weighted average), due 2026-2028, fixed interest rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13872 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13873 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11828 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total interest-bearing loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13875 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,010<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13876 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,848<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8386 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13877 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">978<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13878 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,683<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7464 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13879 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,032<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13880 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,165<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:366.11pt\">Interest-bearing loans and borrowings are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps13881\" style=\"width:2.77pt\"> </span></div><div class=\"ps13888 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps52\">U.S. Dollar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">998<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,757<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps52\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13854 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,012<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13855 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,091<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3564 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps52\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13886 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,010<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13887 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,848<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The EIB Loans denominated in Euros, but drawn in U.S. dollars, are classified as U.S. dollar denominated</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">debt.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Aggregate contractual maturities of interest-bearing loans and borrowings outstanding, excluding</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:233.3pt\">repayments of coupons and interests, are as follows:</span></div><div class=\"ps13896 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">250<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:73.29pt\"></span></span><span class=\"ps13893\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">984<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">975<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">170<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">962<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">197<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2031<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">154<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13865 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">379<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13894 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13895 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,891<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The difference between the total aggregated future maturities in the preceding table and the total carrying</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">amount of interest-bearing loans and borrowings is due to unamortized debt discount and issuance costs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.91pt\">on the dual tranche senior unsecured convertible bonds.</span><span class=\"f charStyle-58d8bcbe ps13898\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:119.88pt\">Senior convertible bonds</span><span class=\"f charStyle-a745408e ps13899\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">On August 4, 2020, the Company issued $1,500\u00a0million in principal amount of dual tranche senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">unsecured convertible bonds (Tranche A for $750\u00a0million and Tranche B for $750 million), due 2025 and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">2027, respectively. Tranche A bonds were issued at 105.8% as zero-coupon bonds while Tranche B</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">bonds were issued at 104.5% as zero-coupon bonds. The conversion price at issuance was $43.62 for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.59pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Tranche A, equivalent to a 47.5% conversion premium and $45.10 for Tranche B, equivalent to a 52.5%</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">conversion premium. These conversion features correspond to an equivalent of 4,585 shares per each</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.59pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Tranche A bond $200,000 par value and an equivalent of 4,435 shares per each Tranche B bond</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">$200,000 par value. The bonds are convertible by the bondholders or are callable by the issuer upon</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">certain conditions, on a net-share settlement basis, except if the issuer elects a full-cash or full-share</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">conversion as an alternative settlement. The net proceeds from the bond offering were $1,567\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.42pt\">after deducting issuance costs paid by the Group.</span><span class=\"f charStyle-58d8bcbe ps3430\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The issuer\u2019s call option and the holder\u2019s conversion option have been identified as embedded non-equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">derivative instruments, resulting in the recognition of the options separately from the debt host contract.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Upon initial recognition, the derivatives were measured at fair value based on the income approach, the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">debt being determined as a residual amount of the $1.5\u00a0billion total proceeds. The value of the issuer\u2019s</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">call option was deemed to be nil at initial recognition. The value of the holder\u2019s conversion option was</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">estimated at $219\u00a0million at issuance date, which determined the initial recognition of the liability</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">component at $1,358\u00a0million before allocation of issuance costs. The fair value measurement of the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">embedded derivative instruments corresponded to a Level\u00a03 fair value hierarchy measurement, which is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">further described in Note 7.6.14.5. The Company elected to allocate issuance costs, totaling $10\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to the debt component. The debt was subsequently measured at amortized cost using the effective</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:71.65pt\">interest method.</span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.22pt\">On August 4, 2025, Tranche A bonds were fully settled in cash for their principal amount of </span><span class=\"f charStyle-58d8bcbe ps13900\" style=\"width:53.94pt\">$750\u00a0million</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">since Tranche A reached maturity while the conversion options were out-of-the money. As per contractual</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">terms, the bondholders have full conversion rights on Tranche B bonds starting August 2024 and Tranche</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.23pt\">B bonds are callable by the Company with a </span><span class=\"f charStyle-58d8bcbe ps13901\" style=\"width:25.57pt\">130%</span><span class=\"f charStyle-58d8bcbe ps13902\" style=\"width:238.06pt\"> contingent feature, with the exercise of its call rights</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:370.34pt\">being preceded by the release, by the Company, of an Optional Redemption Notice.</span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Starting August 2024 for Tranche B convertible bonds, the bondholders have full conversion rights.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:416.32pt\">Consequently, the non-equity embedded derivative instruments and liability component were </span><span class=\"f charStyle-58d8bcbe ps13903\" style=\"width:51.66pt\">reported on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the line Other current financial liabilities for an amount of $19 million and on the line Interest-bearing loans</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and borrowings \u2013 current portion for an amount of $728 million, respectively, of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.84pt\">statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps13904\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.17pt\">Reconciliation of liabilities arising from financing activities</span><span class=\"f charStyle-a745408e ps13906\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps13997 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1084\"><div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13922 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13929 ss1087\"><div><div class=\"ps13924 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13928\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps9261\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13938 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13940 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13947 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13949 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(989)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(87)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:15.2pt\"></span></span><span class=\"ps8982\">(1,076)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13955 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">41<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13957 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">57<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">98<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13964 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.98pt\"></span></span><span class=\"ps13963\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13966 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.23pt\"></span></span><span class=\"ps13967\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13972 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13973 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(14)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(14)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(224)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13980 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(51)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13982 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">51<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.54pt\"></span></span><span class=\"ps13984\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">91<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13988 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13989 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:26.86pt\"></span></span><span class=\"ps8608\">150<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9630 ss636\"><div><div class=\"ps2288 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13992 ss727\"><div><div class=\"ps2288 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13993 ss985\"><div><div class=\"ps2288 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">223<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13994 ss1096\"><div><div class=\"ps2288 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">978<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13995 ss1097\"><div><div class=\"ps2288 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13996 ss303\"><div><div class=\"ps2288 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">2,353<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13999 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:443.02pt\">* \u201dOther non-current financial liabilities\u201d reported above do not include deferred and contingent consideration, as they relate to</span><span class=\"f charStyle-3452d124 ps13998\" style=\"width:2.22pt\"> </span></div><div class=\"ps14001 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:77.7pt\">business acquisitions.</span><span class=\"f charStyle-3452d124 ps14000\" style=\"width:2.22pt\"> </span></div><div class=\"ps14002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.98pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $101</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:375.72pt\">million and Tranche B bondholder\u2019s conversion option for an amount $19 million as of December 31, 2025.</span><span class=\"f charStyle-3452d124 ps14003\" style=\"width:2.22pt\"> </span></div><div class=\"ps14006 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:420.37pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further</span><span class=\"f charStyle-3452d124 ps14005\" style=\"width:2.22pt\"> </span></div><div class=\"ps14007 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:303.07pt\">described in Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3.</span></div><div class=\"ps1982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps14040 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1087\"><div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14009 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14011 ss1084\"><div><div class=\"ps13924 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps14010\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps9650\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1091\"><div><div class=\"ps2241 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,159<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14012 ss973\"><div><div class=\"ps2241 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">243<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14013 ss1020\"><div><div class=\"ps2241 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,640<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2241 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">578<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2241 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,620<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">300<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14014 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14015 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(203)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(83)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14016 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14017 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">31<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14018 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14019 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:41.79pt\"></span></span><span class=\"ps14020\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14021 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14022 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:31.78pt\"></span></span><span class=\"ps14023\">(477)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:23.53pt\"></span></span><span class=\"ps14024\">(477)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(264)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14025 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(46)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14027 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.61pt\"></span></span><span class=\"ps14026\">264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.59pt\"></span></span><span class=\"ps14028\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14030 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.65pt\"></span></span><span class=\"ps14029\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14032 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:38.84pt\"></span></span><span class=\"ps14031\">(43)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.9pt\"></span></span><span class=\"ps14033\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(89)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14034 ss636\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14035 ss1096\"><div><div class=\"ps45 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14036 ss985\"><div><div class=\"ps45 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14037 ss727\"><div><div class=\"ps45 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14038 ss1097\"><div><div class=\"ps45 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14039 ss303\"><div><div class=\"ps45 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.93pt\">* \u201dOther non-current financial liabilities\u201d and \u201cOther current financial liabilities\u201d reported above do not include deferred and contingent</span><span class=\"f charStyle-3452d124 ps1657\" style=\"width:2.22pt\"> </span></div><div class=\"ps14043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:188.69pt\">consideration, as they relate to business acquisitions.</span><span class=\"f charStyle-3452d124 ps14042\" style=\"width:2.22pt\"> </span></div><div class=\"ps14044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.94pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $70</span><span class=\"f charStyle-3452d124 ps1654\" style=\"width:2.22pt\"> </span></div><div class=\"ps14045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:440.12pt\">million and Tranche A and Tranche B on bondholder\u2019s conversion option for an amount $33 million as of December 31, 2024.</span></div><div class=\"ps14046 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps3415\" style=\"width:467.45pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further described in</span><span class=\"f charStyle-3452d124 ps3363\" style=\"width:2.22pt\"> </span></div><div class=\"ps14047 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps3415\" style=\"width:255.57pt\">Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3<span class=\"f ps26\"> </span></span></div><div class=\"ps14049 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group\u2019s long-term debt contained standard conditions but does not impose minimum financial ratios.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.59pt\"> </span></div><div class=\"ps14050 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group had unutilized committed medium-term credit facilities with core relationship banks totaling</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps14053 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.54pt\">$640 million as of </span><span class=\"f charStyle-58d8bcbe ps14051\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14052\" style=\"width:2.77pt\">.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14054\" style=\"width:88.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14055\" style=\"width:352.45pt\"> the Group also had three long-term amortizing credit facilities with EIB as part</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.48pt\">of R&amp;D funding programs and two long-term facilities with CDP SpA.</span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:59.4pt\">EIB facilities</span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The first credit facility, signed in August 2017, is a \u20ac500 million loan, in relation to R&amp;D and capital</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">expenditures in the EU, fully drawn in Euros, of which $205 million was outstanding as of </span><span class=\"f charStyle-58d8bcbe ps5974\" style=\"width:63.41pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.61pt\"> (December 31, 2024: $233 million). The second one, signed in 2020, is a \u20ac500 million credit facility</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">agreement to support R&amp;D and capital expenditure programs in Italy and France. It was fully drawn in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:275.3pt\">Euros in 2021, representing $352 million outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14056\" style=\"width:91.07pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14057\" style=\"width:101.58pt\"> (December 31, 2024:</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">$364 million). In 2022, the Group signed a third long-term amortizing credit facility with EIB of \u20ac600</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">million. Of this amount, \u20ac300 million was withdrawn in Euros in 2022, and $300 million was withdrawn in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">U.S dollars in 2024, representing and outstanding balance of $552\u00a0million as of December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.95pt\">(December 31, 2024: $581 million). In December 2025, the Group entered into a </span><span class=\"f charStyle-58d8bcbe ps14058\" style=\"width:54.28pt\">\u20ac500\u00a0million</span><span class=\"f charStyle-58d8bcbe ps14059\" style=\"width:43.72pt\"> financing</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">agreement\u00a0 with EIB to support the acceleration of R&amp;D and high-volume chip manufacturing in Italy and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.17pt\">France. This agreement represents the first tranche of a broader </span><span class=\"f charStyle-58d8bcbe ps14060\" style=\"width:39.97pt\">\u20ac1\u00a0billion</span><span class=\"f charStyle-58d8bcbe ps14061\" style=\"width:135.86pt\"> credit line approved by EIB in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.07pt\">favor of the Group. </span><span class=\"f charStyle-58d8bcbe ps14062\" style=\"width:261.05pt\">Of this amount, \u20ac500 million was withdrawn in March 2026.</span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:86.6pt\">CDP SpA facilities</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The first credit facility, signed in 2021, is a \u20ac150 million loan, fully drawn in Euros, of which $44 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.24pt\">were outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14063\" style=\"width:88.25pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14064\" style=\"width:275.43pt\"> (December 31, 2024: $65 million). The second one, signed in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">2022, is a \u20ac200 million loan, fully drawn in Euros, of which $126 million was outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:158.87pt\"> (December 31, 2024: $143 million).</span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.81pt\">As of </span><span class=\"f charStyle-58d8bcbe ps3328\" style=\"width:88.07pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14065\" style=\"width:354.12pt\"> the Group had three long\u2010term amortizing credit facilities with the EIB as part of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.6pt\">R&amp;D funding programs and two long-term facility with CDP SpA.</span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.4.\u00a0Hedging activities and derivatives <span id=\"ifbd4044296784258b3ab627c8c409931\"></span></span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.63pt\">Derivative instruments not designated as hedge</span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group conducts its business on a global basis in various major international currencies. As a result,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Group is exposed to adverse movements in foreign currency exchange rates, primarily with respect to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Euro. Foreign exchange risk mainly arises from future commercial transactions and recognized assets</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and liabilities at the Group\u2019s subsidiaries. The Group enters into currency forward contracts to reduce its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exposure to changes in exchange rates and the associated risk arising from the denomination of certain</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. These instruments do not qualify as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">hedging instruments and are marked-to-market at each period-end with the associated changes in fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:418.28pt\">value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps14066\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group also hedges certain Euro-</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">denominated forecasted transactions that cover at reporting date a large part of its R&amp;D and SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses through the use of currency forward contracts and currency options, including collars. These</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments do not qualify as hedging instruments and are marked-to-market at each period-end with the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">associated changes in fair value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.65pt\">income statement.</span><span class=\"f charStyle-58d8bcbe ps14067\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:298.44pt\">The notional amount of these financial instruments amounted to </span><span class=\"f charStyle-58d8bcbe ps14068\" style=\"width:34.9pt\">$2,389 </span><span class=\"f charStyle-58d8bcbe ps14069\" style=\"width:44.77pt\">million in </span><span class=\"f charStyle-58d8bcbe ps14070\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14071\" style=\"width:7.66pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14072\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14073\" style=\"width:37.67pt\">: $2,337</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.53pt\">million). The principal currencies covered at the end of the year </span><span class=\"f charStyle-58d8bcbe ps5947\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14074\" style=\"width:163.17pt\"> are Euro, the China Yuan Renminbi,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Singapore dollar, the Indian rupee, the Japanese yen, the Swiss franc, the Malaysian ringgit, the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">British pound, the Philippines peso, the Taiwan dollar, the South Korean won, the Swedish Krona, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.87pt\">Moroccan dirham, the Australian dollar and the Hong Kong dollar.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.05pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14075\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14076\" style=\"width:158.27pt\"> had remaining terms of 5 days to </span><span class=\"f charStyle-58d8bcbe ps14077\" style=\"width:14.05pt\">11 </span><span class=\"f charStyle-58d8bcbe ps14078\" style=\"width:92.9pt\">months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 96 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.89pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14080\" style=\"width:89.51pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps643\" style=\"width:265.52pt\"> had remaining terms of 2 days to 20 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 95 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:257.62pt\">Derivative instruments designated as cash flow hedge</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges certain Euro-</span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">denominated forecasted transactions that cover at reporting date a portion of its front-end manufacturing</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs of semi-finished goods through the use of currency forward contracts and currency options,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">including collars. The Group may also hedge certain manufacturing transactions denominated in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.56pt\">Singapore dollars.</span><span class=\"f charStyle-58d8bcbe ps2859\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The principles regulating the hedging strategy for derivatives designated as cash flow hedge is to hedge</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">up to 70% of the total forecasted transactions of the following quarter for these manufacturing costs. In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">order to follow a dynamic hedge strategy, the Group may change the percentage of the designated</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">hedged item within the limit of 100% of the forecasted transaction. The maximum length of time over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">which the Group could hedge its exposure to the variability of cash flows for forecasted transactions is 24</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:35.55pt\">months.</span><span class=\"f charStyle-58d8bcbe ps14081\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">These derivative instruments are designated and qualified as cash flow hedges. Hedge effectiveness is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">determined at the inception of the hedge relationship, and through periodic prospective effectiveness</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">assessments to ensure that an economic relationship exists between the hedged item and the hedging</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">instrument. The Group enters into hedge relationships where the critical terms of the hedging instrument</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">match with the terms of the hedged item, which ensures a 1:1 hedge ratio on a monthly basis. The Group</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">therefore performs a qualitative assessment of effectiveness. If changes in circumstances affect the terms</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of the hedged item such that the critical terms no longer match with the critical terms of the hedging</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">instrument, the Group uses the hypothetical derivative method to assess effectiveness. Ineffectiveness</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">may arise if the timing of the forecast transaction changes from what was originally estimated, which</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cannot occur as the Group designates as hedged items forecasted intercompany transactions</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">denominated in foreign currency over which the Group has full oversight, control, and visibility.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:385.65pt\">Ineffectiveness may arise only if there are changes in the credit risk of the counterparty.</span><span class=\"f charStyle-58d8bcbe ps14082\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The derivative instruments designated as cash flow hedges are reflected at fair value in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">statement of financial position. The unrealized gain or loss from the effective portion of the hedge is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reported in other comprehensive income and is reclassified into earnings in the same period in which the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">hedged transaction affects earnings, and within the same consolidated income statement line item as the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.76pt\">impact of the hedged transaction.</span><span class=\"f charStyle-58d8bcbe ps14083\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.21pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps14084\" style=\"width:89.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6118\" style=\"width:286.95pt\">, the Group recorded a decrease in cost of sales of $35 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:442.32pt\">: decrease of $13 million) related to the realized gain incurred on such hedged transactions. No</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">significant ineffective portion of the hedge was recorded on the lines \u201cOther income\u201d or \u201cOther expenses\u201d</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.88pt\">for the years ended </span><span class=\"f charStyle-58d8bcbe ps14085\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14086\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14087\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14088\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14089\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The notional amount of foreign currency forward contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:291.76pt\">designated as cash flow hedge amounted to $1,594 million (</span><span class=\"f charStyle-58d8bcbe ps14090\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14091\" style=\"width:153.96pt\">: $1,624\u00a0million). The forecasted</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.22pt\">transactions hedged as of </span><span class=\"f charStyle-58d8bcbe ps14092\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14093\" style=\"width:230.54pt\"> were determined to be highly probable of occurring.</span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.47pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14094\" style=\"width:90.73pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14095\" style=\"width:348.7pt\">, the amount of net deferred gains on derivative instruments included in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:229.22pt\">cash flow hedge reserve in equity was $49 million (</span><span class=\"f charStyle-58d8bcbe ps14096\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14097\" style=\"width:216.42pt\">: net deferred gains of $56 million), of which $49</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">million were expected to be reclassified as earnings during the next 12 months based on the monthly</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.31pt\">forecasted semi-finished manufacturing costs.</span><span class=\"f charStyle-58d8bcbe ps14098\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 7 days to 10 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.26pt\">average after 119 days.</span><span class=\"f charStyle-58d8bcbe ps14099\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 6 days to 19 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:105pt\">average after 162 days.</span><span class=\"f charStyle-58d8bcbe ps14100\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps5511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14111\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14113 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps13004\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">763<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14117 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">593<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14119 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps14131 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps14123\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14125 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14124\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.53pt\"></span></span><span class=\"ps14126\">1,063<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14127 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">168<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.86pt\"></span></span><span class=\"ps14128\">380<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14130 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:83.79pt\"></span></span><span class=\"ps14129\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14132 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:194.88pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-a745408e ps2909\" style=\"width:2.77pt\"> </span></div><div class=\"ps5789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span><span class=\"f charStyle-58d8bcbe ps14133\" style=\"width:2.77pt\"> </span></div><div class=\"ps5792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14135 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span><span class=\"f charStyle-58d8bcbe ps14136\" style=\"width:2.77pt\"> </span></div><div class=\"ps11708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.76pt\">Other market risk</span><span class=\"f charStyle-a745408e ps14139\" style=\"width:2.77pt\"> </span></div><div class=\"ps5801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">exposed to equity security price. In order to hedge the exposure to this market risk, the Group may enter</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps5803 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.21pt\">into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps14140\" style=\"width:2.77pt\"> </span></div><div class=\"ps5804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14141 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14143 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span><span class=\"f charStyle-58d8bcbe ps14144\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk and the Group\u2019s impairment policies on financial assets are further described in Note 7.6.7.13</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:73.88pt\">and Note\u00a07.6.38.</span><span class=\"f charStyle-58d8bcbe ps14145\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:233.69pt\">Offsetting financial assets and financial liabilities</span><span class=\"f charStyle-a745408e ps7022\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group entered into currency collars as combinations of two options, which are reported, for</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:190.85pt\">accounting purposes, on a net basis. As of </span><span class=\"f charStyle-58d8bcbe ps14146\" style=\"width:87.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14147\" style=\"width:189.13pt\">, the fair value of these collars represented</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">assets for a net amount of $6\u00a0million (composed of $7\u00a0million asset net of a $1\u00a0million liability) and</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">liabilities for a net amount of $1\u00a0million (composed of $2\u00a0million liability offset with a $1\u00a0million asset). In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">addition, the Group entered into other derivative instruments, primarily forward contracts, which are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">governed by standard International Swaps and Derivatives Association agreements and are compliant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">with Protocols of the European Market Infrastructure Regulation and the ISDA 2018 U.S. Resolution Stay</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Protocol, which are not offset in the statement of financial position and representing total assets of $70</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.17pt\">million and liabilities of $14 million as of </span><span class=\"f charStyle-58d8bcbe ps14148\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14149\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps356\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Risk management policies relating to credit risk exposure to derivatives counterparties is further</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note\u00a07.6.38.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">Set out below is a comparison by class of the carrying amounts and fair value of the Group\u2019s financial</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301.61pt\">instruments that are carried in the consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps14150\" style=\"width:2.77pt\"> </span></div><div class=\"ps14241 ss0\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13503 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14151\">Carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14153 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14152\">Fair value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1107\"><div><div class=\"ps11859 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14155 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14156 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14157 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14158 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Short-term deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14160 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14161 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14162 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14163 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11368 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14164 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14165 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14166 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14167 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8599 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other receivables and assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14168 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14170 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14171 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14172 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Quoted financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14173 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14174 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14175 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14176 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4146 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Unquoted equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14178 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14179 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14180 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14181 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7806 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded call option - Senior unsecured <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">(Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14182 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14184 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14185 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14186 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13442 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14187 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14188 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14189 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14190 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2680 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Cash equivalents </span><span class=\"f charStyle-2564f1f4 ps14191\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14192 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14193 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14194 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14195 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6597 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2823 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Interest-bearing loans and borrowings (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">senior unsecured convertible bonds)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14196 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14197 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14198 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14199 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:27.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14202 ss1111\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-d8513eed ps52\">Senior unsecured convertible bonds issued on </span></div><div class=\"ps14201 ss416\"><span class=\"f charStyle-d8513eed ps52\">August 4, 2020 </span><span class=\"f charStyle-55c9a6b0 ps14200\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14203 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14204 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,457<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14205 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">731<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14206 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,442<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7327 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche A) </span><span class=\"f charStyle-2564f1f4 ps14207\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14208 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14209 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14210 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14211 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:33.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12003 ss1113\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche B) </span><span class=\"f charStyle-2564f1f4 ps14212\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14214 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14215 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14216 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14217 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13616 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Finance leases <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14218 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14219 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14220 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14221 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13619 ss1107\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Contingent consideration on business <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">acquisitions</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14222 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14223 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14224 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14225 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14226 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14227 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14228 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14229 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14230 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14231 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14232 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14233 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14234 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14235 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14236 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14237 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14238 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14239 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14240 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:11.98pt\">(1) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps1808\" style=\"width:438.2pt\">Cash equivalents primarily correspond to deposits at call with banks, money market funds and other short-term investments.</span></span><span class=\"f charStyle-3452d124 ps14242\" style=\"width:2.22pt\"> </span></div><div class=\"ps14246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:12.14pt\">(2) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps14244\" style=\"width:399.37pt\">The carrying amount of the senior unsecured convertible bonds issued on August 4, 2020 and outstanding as of </span></span><span class=\"f charStyle-3452d124 ps14245\" style=\"width:50.33pt\">December\u00a031,</span><span class=\"f charStyle-3452d124 ps1675\" style=\"width:2.22pt\"> </span></div><div class=\"ps14250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:17.76pt\">2025</span><span class=\"f charStyle-3452d124 ps14247\" style=\"width:17.76pt\"> and </span><span class=\"f charStyle-3452d124 ps14248\" style=\"width:70.15pt\">December\u00a031, 2024</span><span class=\"f charStyle-3452d124 ps14249\" style=\"width:344.32pt\"> corresponds to the liability component only, since, at initial recognition, an amount of $219\u00a0million</span><span class=\"f charStyle-3452d124 ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps14251 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.98pt\">was separately recognized as embedded derivative financial instruments. The fair value of the senior convertible bonds</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:178.9pt\">includes the fair value of all embedded derivatives.</span><span class=\"f charStyle-3452d124 ps14252\" style=\"width:2.22pt\"> </span></div><div class=\"ps14255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial assets and liabilities are included at the price at which the instrument could be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sold in an orderly transaction between market participants at the measurement date. The following</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.3pt\">methods and assumptions were used to estimate fair value:</span><span class=\"f charStyle-58d8bcbe ps14257\" style=\"width:2.77pt\"> </span></div><div class=\"ps14259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">for trade accounts receivable, cash equivalents, short-term deposits, trade accounts payable,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other payables and accrued liabilities, the carrying amounts reflected in the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">statements are reasonable estimates of fair value due to the relatively short period of time</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.63pt\">between the origination of the instruments and their expected realization.</span><span class=\"f charStyle-58d8bcbe ps14262\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other receivables and assets approximate their carrying amounts due either to their short-term</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:317.67pt\">maturities or to the fact that they are recorded at their net present value.</span><span class=\"f charStyle-58d8bcbe ps14264\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:218.3pt\">financial investments (debt and equity securities):</span><span class=\"f charStyle-58d8bcbe ps14265\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">the fair value of quoted debt and equity securities is determined based upon quoted market</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:137.74pt\">prices for identical instruments;</span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.87pt\">the fair value of unquoted equity securities is based on the valuation of the underlying</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:312.19pt\">instruments on a new round of third-party financing or upon liquidation;</span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the fair value of interest-bearing loans and borrowings, including lease liabilities but excluding</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">senior unsecured convertible bonds, is determined by estimating future cash flows on a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">borrowing-by-borrowing basis and discounting these future cash flows using the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:274.39pt\">incremental borrowing rates for similar types of arrangements;</span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">the senior unsecured convertible bonds issued on August 4, 2020, and outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:88.05pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14266\" style=\"width:25.25pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14267\" style=\"width:88.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14268\" style=\"width:230.61pt\">, have been trading on the open market segment on</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the Frankfurt Stock Exchange since issuance. The fair value of these instruments is the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:200.53pt\">observable price of the bonds on that market;</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">the fair value of derivative instruments is determined based upon quoted market prices for similar</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:73.88pt\">instruments; and</span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the bondholders\u2019 conversion option and the issuer\u2019s soft call embedded in the senior unsecured</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">convertible bonds are measured at fair value based on the income approach using Bloomberg\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">option pricing model, which can be assimilated to a Black &amp; Scholes model for pricing stock</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">options. This model has been elected as the best indication of fair value since it maximizes the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:175pt\">use of observable market-based inputs.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><span class=\"f charStyle-a745408e ps14524\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.73pt\">Other non-current assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14525\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">541<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">375<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other receivables from government agencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Research tax credit receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">339<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">231<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Prepayments and deposits to third parties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group holds long-term receivables with the objective to collect the contractual cash flows and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">therefore, these receivables are measured subsequently at amortized cost using the effective interest</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">method.</span></div><div class=\"ps14532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:299.91pt\">Public funding receivables correspond to receivables related to </span><span class=\"f charStyle-58d8bcbe ps14530\" style=\"width:26.12pt\">public</span><span class=\"f charStyle-58d8bcbe ps14531\" style=\"width:141.89pt\"> funding scheme for research,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps9595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:287.74pt\">development, innovation and first industrial deployment activities.</span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.12pt\">In </span><span class=\"f charStyle-58d8bcbe ps14533\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14534\" style=\"width:24.26pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14535\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14536\" style=\"width:387.07pt\">, the Group entered into factoring transactions to accelerate the realization in cash of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">certain long-term receivables. The Group sold without recourse $66 million and $87 million of these</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:146.24pt\">receivables in the years ended </span><span class=\"f charStyle-58d8bcbe ps14537\" style=\"width:90.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14538\" style=\"width:25.38pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14539\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14540\" style=\"width:183.04pt\"> respectively, with a financial cost of $2<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.35pt\">million and $4 million respectively.</span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Prepayments and deposits to third parties relate to long-term supply agreements involving purchase of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.27pt\">raw materials, capacity commitments, cloud-hosting arrangements, and other services.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.88pt\">The carrying amounts of the Group\u2019s non-current assets are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps14544\" style=\"width:2.77pt\"> </span></div><div class=\"ps14546 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">228<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">982<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">691<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13243 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.17. Trade accounts receivable<span id=\"i3a6b17c89c6e4c9b84b3cc72224815dd\"></span></span><span class=\"f charStyle-a745408e ps14562\"> </span></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.05pt\">Trade accounts receivable consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14563\" style=\"width:2.77pt\"> </span></div><div class=\"ps14568 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Trade accounts receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,767<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,768<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13215 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:68.84pt\"></span></span><span class=\"ps14565\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13216 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:68.84pt\"></span></span><span class=\"ps14565\">(19)</span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10941 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14566 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,745<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14567 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,749<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Trade receivables are amounts due from customers for goods sold or services performed in the ordinary</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps7539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">course of business. Trade receivables are non-interest bearing with payment terms that typically range</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:37.79pt\">between</span><span class=\"f charStyle-58d8bcbe ps14569\" style=\"width:74.52pt\"> 30 and 90 days</span><span class=\"f charStyle-58d8bcbe ps14570\" style=\"width:355.6pt\">. They are all classified as current. The Group holds the trade receivables with</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the objective to collect the contractual cash flows and, therefore, trade receivables are measured</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14572 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">subsequently at amortized cost. The Group does not expect to have any significant contracts where the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">period between the transfer of the promised goods or services to the customer and payment by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14574 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">customer exceeds one year. As a consequence, the Group does not adjust any of the transaction prices</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">for the time value of money and no significant transaction with customers includes significant financing</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">component. Due to the short-term nature of trade receivables, their carrying amount is considered to be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.74pt\">the same as their fair value.</span><span class=\"f charStyle-58d8bcbe ps14577\" style=\"width:2.77pt\"> </span></div><div class=\"ps14579 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.38, the Group monitors the creditworthiness of its customers to which it grants<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">credit terms in the normal course of business. If certain customers are independently rated, these ratings</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">customer, considering its financial position, past experience and other factors. Individual risk limits are set</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">based on internal and external ratings in accordance with limits set by management. The utilization of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:365.99pt\">credit limits is regularly monitored. Sales to customers are primarily settled in cash.</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group uses a lifetime expected loss allowance for all trade receivables based on failure rates, as</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">applied to the gross amounts of trade accounts receivable. The model includes reasonable assumptions</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">about future credit trends. The historical loss rates are adjusted to reflect current and forward-looking</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">information on macro-economic factors affecting the ability of the Group\u2019s customers to settle the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">receivables. In addition to the factors already embedded in the failure rates, as applied on trade accounts</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">receivable, the Group has identified cyclicality and uncertainties around continued growth for the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">semiconductor industry and its serviceable available market to be the most relevant factors. These</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">macro-economic factors are weighted into different economic scenarios, in line with estimates and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">methodologies applied by other business entities, including financial institutions. These scenarios range</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from upside scenario (above-trend economic growth) to severe downside (recession). On that basis, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.21pt\">loss allowance as of </span><span class=\"f charStyle-58d8bcbe ps14585\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps897\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1931\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1514\" style=\"width:122.75pt\"> was determined as follows:</span><span class=\"f charStyle-58d8bcbe ps14586\" style=\"width:2.77pt\"> </span></div><div class=\"ps2803 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss40 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1154\"><div><div class=\"ps11352 ss1153\"><span class=\"f charStyle-8ec81ad0 ps14587\">Past due<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss428\"><div><div class=\"ps9571 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14588 ss1155\"><div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9713\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8875 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14589\">No<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6242\">past-due<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14591 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps9683\">Less <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14590\">than</span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6202\">a month<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4813 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps10315\">Between<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps6240\">1 and 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14592 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps11296\">Over 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14593 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14596 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14597 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14599 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14600 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14601 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,767<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14602 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,679<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14603 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">77<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14605 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">8<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14606 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">3<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14608 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14610 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14612 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14613 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14614 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(3)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2730 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14615 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14616 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,662<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14617 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">76<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14618 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">7<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14620 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8698 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14621 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14622 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14623 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14624 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12341 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14625 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,768<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14626 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,690<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13772 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">73<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14627 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14628 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">1<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2814 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14629 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14630 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14631 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14632 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14633 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8727 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14634 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14635 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,673<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14636 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">72<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14637 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14638 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:259.41pt\">The loss allowance for trade accounts receivable as of </span><span class=\"f charStyle-58d8bcbe ps14639\" style=\"width:91.37pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14640\" style=\"width:25.8pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:91.37pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.32pt\">reconcile to the opening loss allowance as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:87.75pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1157\"><div><div class=\"ps14641 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14644 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14645 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14646 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4157 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14648 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5480 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14649 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12772 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14650 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14651 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(4)</span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14652 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:129.99pt\">Gross trade accounts receiva</span><span class=\"f charStyle-58d8bcbe ps14653\" style=\"width:30.56pt\">ble are</span><span class=\"f charStyle-58d8bcbe ps14654\" style=\"width:181.1pt\"> denominated in the following currencies:<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14655\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14667 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:292.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1162\"><div><div class=\"ps9104 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10052 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11354 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14657 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,614<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14658 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,622<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1167\"><div><div class=\"ps45 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14660 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14661 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">43<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1167\"><div><div class=\"ps8645 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14663 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">118<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14664 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">103<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14432 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14665 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,767<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14666 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,768<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The maximum exposure to credit risk was the fair value of trade accounts receivable, net of expected</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:82.75pt\">credit losses as of </span><span class=\"f charStyle-58d8bcbe ps14668\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14669\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14670\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps5433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The carrying amounts of the Group\u2019s other receivables and assets are denominated in the following</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:48.89pt\">currencies:</span><span class=\"f charStyle-58d8bcbe ps14683\" style=\"width:2.77pt\"> </span></div><div class=\"ps14684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">445<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">302<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6179 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The maximum exposure to credit risk was the fair value of other receivables and assets, net of expected<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:85.52pt\">credit losses, as of </span><span class=\"f charStyle-58d8bcbe ps14685\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:87.79pt\">December\u00a031, 2024</span><div class=\"ps14691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.19. Cash and cash equivalents <span id=\"id7b7b26dbeda48c58d63708544c51789\"></span></span></div><div class=\"ps14693 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.21pt\">Cash and cash equivalents consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14692\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Cash at bank and on hand<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">573<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">671<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Deposits at call with banks and money market funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13854 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13855 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,611<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3564 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13886 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,837<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13887 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,282<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Cash equivalents primarily correspond to deposits at call with banks, money market funds and other</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14695 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">short-term investments. Cash and cash equivalents as reported on the consolidated statement of financial</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps14696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">position as of December 31, 2025 and December 31, 2024 included cash and cash equivalents from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14697 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Sanan ST JV, as described in Note 7.6.8.7, totaling $463 million and $345 million, respectively. As of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">December 31, 2025, cash equivalents of Sanan ST JV included $313 million short-term investments</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:101.65pt\">measured at fair value.</span><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Current liabilities related to public funding included $2 million grants subject to a financial return ($2</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">million as of December 2024).</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.31. Finance income<span id=\"i1d31f1e377a04cc08cb30de7aaa90b21\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.3pt\">Total finance income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15590\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche A <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">225<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12319 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche B <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15591 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15592 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">252<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value on equity securities at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">76<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4776 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Nominal interest income on quoted debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15595 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">110<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15596 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8607 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15597 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15598 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">240<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8089 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15599 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">313<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15600 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">780<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.14.3, the change in fair value of the non-equity derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">corresponding to the bondholders\u2019 conversion option and the issuer\u2019s call option embedded in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.86pt\">unsecured senior convertible bonds issued on August 4, 2020, </span><span class=\"f charStyle-58d8bcbe ps15601\" style=\"width:114.9pt\">generated an income of $</span><span class=\"f charStyle-58d8bcbe ps15602\" style=\"width:11.12pt\">14</span><span class=\"f charStyle-58d8bcbe ps15603\" style=\"width:60.05pt\"> million and a</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.67pt\">loss of $</span><span class=\"f charStyle-58d8bcbe ps15604\" style=\"width:5.56pt\">2</span><span class=\"f charStyle-58d8bcbe ps15605\" style=\"width:180.44pt\"> million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15606\" style=\"width:89.25pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15607\" style=\"width:59.79pt\"> compared to</span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:30.34pt\"> a loss<span id=\"i08a870cb70104867a96101c5c1404bc8_632\"></span></span><span class=\"f charStyle-58d8bcbe ps15609\" style=\"width:63.84pt\"> of $46 million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:277.01pt\">and an income of $477 million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15610\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15611\" style=\"width:2.77pt\">.</span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps15612\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps15613\" style=\"width:155.75pt\"> million unrealized gain recognized</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.89pt\">as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps15614\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.05pt\">Other finance income is related to cash and cash equivalents and short-term deposits.\u00a0 </span><span class=\"f charStyle-58d8bcbe ps15615\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.32. Finance costs <span id=\"i2b1159805b4b410ca3473d0bfb220fec\"></span></span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:199.4pt\">Total finance costs consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15616\" style=\"width:2.77pt\"> </span></div><div class=\"ps15623 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Amortization of issuance costs on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the call option of Tranche A convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">\u00a0 Change in fair value of the call option of Tranche B convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2800 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15617 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15050 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15618 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on long-term loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15619 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">48<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15620 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">77<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Bank charges and commissions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12982 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12983 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3683 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps6051 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15621 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">85<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15622 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">164<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:173.31pt\">No borrowing costs were capitalized in </span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15624\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps8000\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15625\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15626\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.47pt\">Leases are further described in Note 7.6.11</span><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.38. Financial risk management objectives and policies <span id=\"ib539746f52cf48e5a8ab62a47c220640\"></span></span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is exposed to changes in financial market conditions in the normal course of business due to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">its operations in different foreign currencies and its ongoing investing and financing activities. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">activities expose it to a variety of financial risks: market risk (including foreign exchange risk, fair value</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">overall risk management program focuses on the unpredictability of financial markets and seeks to</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">minimize potential adverse effects on the Group\u2019s financial performance. The Group uses derivative</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:235.53pt\">financial instruments to hedge certain risk exposures.</span><span class=\"f charStyle-58d8bcbe ps16181\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Financial risk management is carried out by a central treasury department (Corporate Treasury).</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.22pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Additionally, a treasury committee, chaired by the Chief Financial Officer, steers treasury activities and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">ensures compliance with corporate policies. Treasury activities are thus regulated by the Group\u2019s policies,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">which define procedures, objectives and controls. The policies focus on the managing financial risk in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">terms of exposure to market risk, credit risk and liquidity risk. Treasury controls are subject to internal</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">audits. Most treasury activities are centralized, with any local treasury activities subject to oversight from</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Corporate Treasury. Corporate Treasury identifies, evaluates and hedges financial risks in close</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">cooperation with the Group\u2019s subsidiaries. It provides written principles for overall risk management, as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">well as written policies covering specific areas, such as foreign exchange risk, interest rate risk, price risk,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">credit risk, use of derivative financial instruments, and investments of excess liquidity. The majority of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">cash and cash equivalents is held in U.S. dollars and Euros and is placed with financial institutions rated</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">at least a single \u201cA\u201d long-term rating from two of the major rating agencies, meaning at least A3 from</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Moody\u2019s and A- from S&amp;P and Fitch ratings, or better. These ratings are closely and continuously<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">monitored in order to manage exposure to the counterparty\u2019s risk. Hedging transactions are performed</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">only to hedge exposures deriving from operating, investing and financing activities conducted in the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:119.44pt\">normal course of business.</span><span class=\"f charStyle-58d8bcbe ps16182\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:52.78pt\">Market risk</span><span class=\"f charStyle-a745408e ps16183\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:98.34pt\">Foreign exchange risk</span><span class=\"f charStyle-9d8f533c ps16184\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group conducts its business on a globally in various major international currencies. As a result, the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group is exposed to adverse movements in foreign currency exchange rates, primarily regarding the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Euro. Foreign exchange risk mainly arises from recognized assets and liabilities at the Company\u2019s</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:213.87pt\">subsidiaries and future commercial transactions.</span><span class=\"f charStyle-58d8bcbe ps16185\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Management has set up a policy to require the Group's subsidiaries to hedge their entire foreign</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exchange risk exposure with the Group through financial instruments transacted or overseen by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Corporate Treasury. Subsidiaries used forward contracts and purchased currency options to manage their</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">foreign exchange risk arising from foreign-currency-denominated assets and liabilities. Foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">risk arises when recognized assets and liabilities are denominated in a currency that is not the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">functional currency. These instruments do not qualify as hedging instruments for accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Forward contracts and currency options, including collars, are also used by the Group to reduce its</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exposure to U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">a large part of its R&amp;D and corporate costs as well as a portion of its front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">costs for semi-finished goods. The Group also hedges through the use of currency forward contracts</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">certain Singapore dollar-denominated manufacturing forecasted transactions. The derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">used to hedge these forecasted transactions meet the criteria for designation as cash flow hedge. The</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:440.02pt\">hedged forecasted transactions have a high probability of occurring for hedge accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps16186\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">It is the Group\u2019s policy to have the foreign exchange exposures in all the currencies hedged month by</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">month against the monthly standard rate. At each month end, the forecasted flows for the coming month</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">are hedged together with the fixing of the new standard rate. For this reason, the hedging transactions will</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">have an exchange rate very close to the standard rate at which the forecasted flows will be recorded in</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">the following month. As such, the foreign exchange exposure of the Group, which consists of the balance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sheet positions and other contractually agreed transactions, is always close to zero and any movement in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the foreign exchange rates will therefore not influence the exchange effect on items of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">income statement. Any discrepancy between the forecasted values and the actual results is constantly</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:226.09pt\">monitored and prompt actions are taken, if needed.</span><span class=\"f charStyle-58d8bcbe ps16187\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The hedging activity of the Group and the impact on the financial statements is described in detail in</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:62.76pt\">Note\u00a07.6.14.4.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16188\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following sensitivity analysis was based on recognized assets and liabilities, including non-monetary</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">items, of the Company and its subsidiaries. Equity would have been approximately $117 million higher/</span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.28pt\">lower (</span><span class=\"f charStyle-58d8bcbe ps16189\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16190\" style=\"width:415.4pt\">: $98\u00a0million higher/lower) if the Euro strengthened/weakened by 300 basis points against the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">U.S. dollar, arising mainly from translation of net assets from subsidiaries whose functional currency is the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:23.88pt\">Euro.</span><span class=\"f charStyle-58d8bcbe ps16191\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.69pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16192\" style=\"width:87.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16193\" style=\"width:354.31pt\"> if the Euro/U.S. dollar exchange rate had strengthened by 300 basis points with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:442.86pt\">all other variables held constant, net result for the year would have been $52 million higher (</span><span class=\"f charStyle-58d8bcbe ps16194\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16195\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">$61\u00a0million higher), mainly as a result of foreign exchange gains on outstanding derivative instruments. If</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">the Euro/U.S. dollar exchange rate had weakened by 300 basis points with all other variables held</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:297.07pt\">constant, impact in net income would have been $50 million lower (</span><span class=\"f charStyle-58d8bcbe ps16196\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16197\" style=\"width:148.53pt\">: $68\u00a0million lower), mainly due to</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.89pt\">foreign exchange losses on outstanding derivative instruments.</span><span class=\"f charStyle-58d8bcbe ps16198\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:180.5pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-9d8f533c ps16199\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.55pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16200\" style=\"width:88.81pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16201\" style=\"width:23.24pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16202\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps1349\" style=\"width:307.16pt\">, if interest rates had been 20 basis points higher/lower with all other</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">variables held constant, net income for the year would have been $3 million higher/lower respectively,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:443.57pt\">mainly as a result of a high level of liquid assets in relation to debt, with no material impact on equity.</span><span class=\"f charStyle-58d8bcbe ps16203\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:33.15pt\">During </span><span class=\"f charStyle-58d8bcbe ps16204\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16205\" style=\"width:24.08pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16206\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16207\" style=\"width:366.28pt\">, the Group\u2019s borrowings at variable rate were denominated in Euros and in U.S.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:32.22pt\">dollars.</span><span class=\"f charStyle-58d8bcbe ps9954\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:41.09pt\">Price risk</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">exposed to equity security price risk. In order to hedge the exposure to this market risk, the Group may</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.76pt\">enter into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps16208\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The measurement for accounting purposes of the embedded derivative instruments of the senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">unsecured convertible bonds issued on August 4, 2020 is dependent on various factors including the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">performance of STMicroelectronics ordinary shares. With respect to the valuation of the embedded</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:128.55pt\">issuer\u2019s call options as of </span><span class=\"f charStyle-58d8bcbe ps16209\" style=\"width:93.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16210\" style=\"width:245.86pt\">, if the price of the Company\u2019s ordinary shares, as</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured on the New York Stock Exchange, with other valuation inputs remaining equal, increases by</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:337.94pt\">10%, the value of the embedded call options would increase by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16211\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16212\" style=\"width:107.8pt\">: increase of $1 million),</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">whereas for a decrease of 10% in the share price, the value of the embedded call options would decrease</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.33pt\">by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16213\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16214\" style=\"width:382.41pt\">: decrease of $1 million). With respect to the valuation of the embedded bondholders\u2019</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.19pt\">conversion options as of </span><span class=\"f charStyle-58d8bcbe ps16215\" style=\"width:88.11pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16216\" style=\"width:268.59pt\">, if the price of the Company\u2019s ordinary shares, as measured</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">on the New York stock exchange, with other valuation inputs remaining equal, increases by 10%, the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:332.62pt\">value of the embedded conversion options would increase by $10\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16217\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16218\" style=\"width:113.04pt\">: increase of $16 million),</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">whereas for a decrease of 10% in the share price, the value of the embedded conversion options would</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.15pt\">decrease by $7 million (</span><span class=\"f charStyle-58d8bcbe ps16219\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16220\" style=\"width:334.48pt\">: decrease of $12 million). Details of the sensitivity of the other valuation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:324.72pt\">factors, more specifically implied volatility, are presented in Note 7.6.14.5.</span><span class=\"f charStyle-58d8bcbe ps16221\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:44.98pt\">Credit risk</span><span class=\"f charStyle-9d8f533c ps16222\" style=\"width:2.77pt\"> </span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">customer contract, leading to a financial loss. Credit risk typically arises from cash and cash equivalents,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">contractual cash flows of debt investments carried at amortized cost, measured at FVOCI and at FVPL,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the counterparty of derivative financial instruments and deposits with banks and financial institutions, as</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.2pt\">well as credit exposure to customers, including outstanding receivables.</span><span class=\"f charStyle-58d8bcbe ps16223\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is exposed to credit risk from its operating activities (primarily for trade receivables) and from</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">its financing activities, including deposits with banks and financial institutions, foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.53pt\">transactions and other financial instruments.</span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk is managed at the Group level. The Group selects banks and/or financial institutions that</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">operate with the Group based on the criteria of long-term rating from at least two major rating agencies</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and keeping a maximum outstanding amount per instrument with each bank not to exceed 20% of the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">total. For derivative financial instruments, management has established limits so that, at any time, the fair</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.22pt\">value of contracts outstanding is not concentrated with any individual counterparty.</span><span class=\"f charStyle-58d8bcbe ps16224\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group monitors the creditworthiness of its customers to which it grants credit terms in the normal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">course of business. If certain customers are independently rated, these ratings are used. Otherwise, if</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">there is no independent rating, risk control assesses the customer's credit quality, considering its financial</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">position, past experience, and other factors. The utilization of credit limits is regularly monitored. Sales to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.79pt\">customers are primarily settled in cash, which mitigates credit risk. As of </span><span class=\"f charStyle-58d8bcbe ps2914\" style=\"width:89.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2915\" style=\"width:23.78pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2423\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">no individual customer represented more than 10% of total trade accounts receivable. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">concentrations of credit risk with respect to trade receivables are limited due to the large number of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.34pt\">customers and their dispersion across many geographic areas.</span><span class=\"f charStyle-58d8bcbe ps2916\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s investments in instruments carried at amortized cost primarily include long-term receivables</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">towards government bodies. As such, they are investments with immaterial credit loss. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">receivable is of low credit risk and is individually not significant. The credit ratings of the investments are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.19pt\">monitored for credit deterioration.</span><span class=\"f charStyle-58d8bcbe ps16225\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.79pt\">The Group has three types of financial assets that are subject to the expected credit loss model:</span><span class=\"f charStyle-58d8bcbe ps16226\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:349.59pt\">Trade receivables for sales of goods and services, as described in Note 7.6.17;</span><span class=\"f charStyle-58d8bcbe ps16227\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:315.47pt\">Debt securities measured at FVOCI, as described in Note 7.6.14.1; and</span><span class=\"f charStyle-58d8bcbe ps16228\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Debt investments, primarily long-term receivables, carried at amortized cost, as described in Note</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:104.43pt\">7.6.15 and Note 7.6.18.</span><span class=\"f charStyle-58d8bcbe ps16229\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The impairment methodology by category of financial assets is further described in each respective note.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment loss is deemed to be immaterial. The maximum exposure for all financial assets is their</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:74.44pt\">carrying amount.</span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:54.99pt\">Liquidity risk</span><span class=\"f charStyle-9d8f533c ps16230\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Prudent liquidity risk management includes maintaining sufficient cash and cash equivalents, short-term</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">deposits and marketable securities, the availability of funding from committed credit facilities and the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">ability to close out market positions. The Group\u2019s objective is to maintain a significant cash position and a</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">low debt-to-equity ratio, which ensure adequate financial flexibility. Liquidity management policy is to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.74pt\">finance the Group\u2019s investments with net cash from operating activities.</span><span class=\"f charStyle-58d8bcbe ps16231\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:449.21pt\">Management monitors rolling forecasts of the Group\u2019s liquidity reserve based on expected cash flows.</span><span class=\"f charStyle-58d8bcbe ps16232\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:382.16pt\">A maturity analysis of interest-bearing loans and borrowings is shown in Note 7.6.14.3.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-468": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13622 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1041\"><div><div class=\"ps11859 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2778 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted debt securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13574 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13575 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Unquoted equity securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13577 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13578 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">20<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13579 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">137<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13580 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">64<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13581 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">28<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13582 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">24<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13583 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13584 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13585 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13586 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13588 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13589 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13592 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13594 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13596 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13597 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9003 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6453 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13598 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13599 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">10<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13600 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13601 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13602 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12814 ss1041\"><div><div class=\"ps8552 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Embedded call option - Senior unsecured convertible bonds issued on <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13603 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13604 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13605 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total derivatives financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13606 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13607 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12825 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13608 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13609 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13610 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13611 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13612 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13613 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13614 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,251<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13615 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,572<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13616 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13617 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">1,061<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13618 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,464<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13619 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13620 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13621 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps13623\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:120pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:63pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1043\"><div><div class=\"ps13626 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8209 ss1044\"><div><div class=\"ps13628 ss161\"><span class=\"f charStyle-e64cef7e ps13627\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss161\"><span class=\"f charStyle-e64cef7e ps9604\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13633 ss1045\"><div><div class=\"ps13345 ss314\"><span class=\"f charStyle-e64cef7e ps13629\">Change<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss314\"><span class=\"f charStyle-e64cef7e ps9495\">in fair<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss314\"><span class=\"f charStyle-e64cef7e ps9298\">value<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss314\"><span class=\"f charStyle-e64cef7e ps13631\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13632\">in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8583 ss1046\"><div><div class=\"ps13345 ss182\"><span class=\"f charStyle-e64cef7e ps9211\">Change\u00a0in<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss182\"><span class=\"f charStyle-e64cef7e ps13634\">fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss182\"><span class=\"f charStyle-e64cef7e ps10796\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss182\"><span class=\"f charStyle-e64cef7e ps10763\">in income<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss182\"><span class=\"f charStyle-e64cef7e ps13635\">statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13637 ss1045\"><div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13636\">Increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13639 ss1047\"><div><div class=\"ps13628 ss715\"><span class=\"f charStyle-e64cef7e ps13638\">Sale /<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss715\"><span class=\"f charStyle-e64cef7e ps8965\">Settlement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1048\"><div><div class=\"ps13626 ss158\"><span class=\"f charStyle-e64cef7e ps9671\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3557 ss1049\"><div><div class=\"ps13628 ss672\"><span class=\"f charStyle-e64cef7e ps13640\">December <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss672\"><span class=\"f charStyle-e64cef7e ps13641\">31, 2025</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2790 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13643 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13501\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13645 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10736 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13647 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13648 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps9232\">(1,900)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13649 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13651 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">985<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13653 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13654 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13656 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13658 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13657\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13660 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13661 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">137<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4713 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13662 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,516<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13663 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13664 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13665 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13666 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13667 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13669 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,122<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9805 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13670 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13671 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13672 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13674 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13676 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13677 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13679 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">25<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3906 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13680 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">24<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13681 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13682 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13683 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13684 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10230 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13685 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">28<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:33pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3702 ss1056\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13686 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13687 ss763\"><div><div class=\"ps3358 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13688 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13689 ss1058\"><div><div class=\"ps3358 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13690 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">363<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13691 ss1059\"><div><div class=\"ps3358 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13692 ss519\"><div><div class=\"ps3358 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13693 ss1060\"><div><div class=\"ps3358 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps13775 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss154 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:113.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:48pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1061\"><div><div class=\"ps13697 ss218\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13700 ss538\"><div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps6222\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps13699\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13704 ss538\"><div><div class=\"ps13701 ss156\"><span class=\"f charStyle-e64cef7e ps6218\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13703 ss156\"><span class=\"f charStyle-e64cef7e ps13702\">fair value</span></div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps10502\">included in</span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps10731\">OCI*</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13710 ss536\"><div><div class=\"ps13705 ss160\"><span class=\"f charStyle-e64cef7e ps6368\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13701 ss160\"><span class=\"f charStyle-e64cef7e ps13706\">fair value</span></div><div class=\"ps13703 ss160\"><span class=\"f charStyle-e64cef7e ps13707\">included in</span></div><div class=\"ps13698 ss160\"><span class=\"f charStyle-e64cef7e ps13708\">income</span></div><div class=\"ps13697 ss160\"><span class=\"f charStyle-e64cef7e ps13709\">statement</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13712 ss1063\"><div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Purchase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1063\"><div><div class=\"ps13703 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Proceeds <span class=\"f ps26\"> </span></span></div><div class=\"ps13698 ss286\"><span class=\"f charStyle-e64cef7e ps13713\">at</span></div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13714\">maturity</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8642 ss1065\"><div><div class=\"ps13697 ss1064\"><span class=\"f charStyle-e64cef7e ps13715\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1066\"><div><div class=\"ps13698 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2024</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5476 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13718 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,635<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13720 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13722 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13724 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">2,980<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13726 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13728 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13729 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,452<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13731 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">13<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13733 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13734 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13736 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:24.83pt\"></span></span><span class=\"ps13735\">51<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13738 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13740 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13742 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">64<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps711 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13743 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,648<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13744 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13745 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13746 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,031<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13747 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13748 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13749 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,516<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11792 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13750 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">22<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13752 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13753 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13754 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13755 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13756 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13757 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">20<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5138 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13758 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">18<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13759 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13761 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13763 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:29.27pt\"></span></span><span class=\"ps13762\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13764 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13765 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13766 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">24<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12341 ss1073\"><div><div class=\"ps13767 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13768 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13769 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13770 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,688<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13771 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6505 ss214\"><div><div class=\"ps13768 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6409 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,034<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13772 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13773 ss1076\"><div><div class=\"ps13768 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13774 ss1077\"><div><div class=\"ps13768 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,560<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13777 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:166.55pt\">Investments held in debt securities</span><span class=\"f charStyle-a745408e ps5775\" style=\"width:2.77pt\"> </span></div><div class=\"ps13781 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.51pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13778\" style=\"width:92.77pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2066\" style=\"width:89.94pt\">, the Group held $</span><span class=\"f charStyle-58d8bcbe ps13779\" style=\"width:16.68pt\">985</span><span class=\"f charStyle-58d8bcbe ps13780\" style=\"width:237.98pt\"> million of U.S. Treasury debt securities. The debt</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps13782 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">securities have a rating of AAA/AA+/AA+ from Moody\u2019s, S&amp;P and Fitch, respectively and an average</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps13783 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">maturity of 2.31 years. The debt securities were reported as current assets on the line \u201cOther current</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13786 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.78pt\">financial assets\u201d on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps13784\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13785\" style=\"width:51.46pt\">, since they</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:290.53pt\">represented investments of funds available for current operations.<span class=\"f ps26\"> </span></span></div><div class=\"ps13788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Marketable securities totaling $350 million at principal amount were transferred to financial institutions as</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">part of short-term securities lending transactions, in compliance with corporate policies. The Group, acting</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">as the securities lender, does not hold any collateral in this unsecured securities lending transactions. The</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.53pt\">Group retains effective control on the transferred securities.</span><span class=\"f charStyle-58d8bcbe ps13791\" style=\"width:2.77pt\"> </span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group applies a forward-looking expected credit loss (ECL) approach on all debt financial assets not<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">held at FVPL. For debt securities at FVOCI, the ECL is based on a 12-month expected credit loss basis.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The 12-month ECL is the portion of lifetime ECLs that results from default events on a financial instrument</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">that are possible within 12 months after the reporting date. The Group\u2019s quoted debt instruments at</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">FVOCI comprise solely U.S. Treasury debt securities, which have low credit risk. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:333.84pt\">Group has considered that the ECLs on these investments are insignificant.</span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.2. Other financial liabilities <span class=\"f ps26\"> </span><span id=\"ib5e8a70407ff441eb37cf3b99a459c92\"></span></span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps11859 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Lease financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred and contingent consideration on business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13836 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13837 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche A)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13840 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13841 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8727 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13842 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13843 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial liabilities (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13844 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">375<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13845 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">417<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2826 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13846 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">134<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11037 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">189<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2829 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13847 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">241<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13848 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">228<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13851 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.09pt\">described in Note 7.6.38. Lease financial liabilities are further described in Note 7.6.11.</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.3.\u00a0Interest-bearing loans and borrowings<span id=\"i0fe646adcac74a52a76c21a710049f76\"></span></span><span class=\"f charStyle-a745408e ps13853\"> </span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps11766 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Funding program loans from European Investment Bank (\"EIB\"):<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.69% due 2028, floating interest rate at Euribor + 0.589%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">90<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">106<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.61% due 2029, floating interest rate at Euribor + 0.564%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">115<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">127<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.56% due 2031, floating interest rate at Euribor + 0.473%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">236<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">244<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.58% due 2031, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">116<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">120<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.73% due 2033, floating interest rate at Euribor + 0.558%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1081\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">5.07% due 2034, floating interest rate at Secured Overnight <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Financing Rate +0.939%</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13864 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">270<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13865 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">300<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Credit Facility from Cassa Depositi e Prestiti SpA (\"CDP SpA\")<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.84% due 2027, floating interest rate at Euribor + 0.690%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">44<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11888 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.65% due 2028, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13866 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13867 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">69<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8319 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.95% due 2029, floating interest rate at Euribor + 0.850%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13868 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">67<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13869 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">74<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13123 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Dual tranche senior unsecured convertible bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13133 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2025 (Tranche A)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13870 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13871 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">742<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2027 (Tranche B)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13844 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13845 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">715<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13157 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Other Funding program loans:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13167 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">0.25% (weighted average), due 2026-2028, fixed interest rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13872 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13873 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11828 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total interest-bearing loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13875 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,010<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13876 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,848<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8386 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13877 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">978<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13878 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,683<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7464 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13879 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,032<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13880 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,165<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:119.88pt\">Senior convertible bonds</span><span class=\"f charStyle-a745408e ps13899\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">On August 4, 2020, the Company issued $1,500\u00a0million in principal amount of dual tranche senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">unsecured convertible bonds (Tranche A for $750\u00a0million and Tranche B for $750 million), due 2025 and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">2027, respectively. Tranche A bonds were issued at 105.8% as zero-coupon bonds while Tranche B</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">bonds were issued at 104.5% as zero-coupon bonds. The conversion price at issuance was $43.62 for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.59pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Tranche A, equivalent to a 47.5% conversion premium and $45.10 for Tranche B, equivalent to a 52.5%</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">conversion premium. These conversion features correspond to an equivalent of 4,585 shares per each</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.59pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Tranche A bond $200,000 par value and an equivalent of 4,435 shares per each Tranche B bond</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">$200,000 par value. The bonds are convertible by the bondholders or are callable by the issuer upon</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">certain conditions, on a net-share settlement basis, except if the issuer elects a full-cash or full-share</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">conversion as an alternative settlement. The net proceeds from the bond offering were $1,567\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.42pt\">after deducting issuance costs paid by the Group.</span><span class=\"f charStyle-58d8bcbe ps3430\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The issuer\u2019s call option and the holder\u2019s conversion option have been identified as embedded non-equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">derivative instruments, resulting in the recognition of the options separately from the debt host contract.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Upon initial recognition, the derivatives were measured at fair value based on the income approach, the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">debt being determined as a residual amount of the $1.5\u00a0billion total proceeds. The value of the issuer\u2019s</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">call option was deemed to be nil at initial recognition. The value of the holder\u2019s conversion option was</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">estimated at $219\u00a0million at issuance date, which determined the initial recognition of the liability</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">component at $1,358\u00a0million before allocation of issuance costs. The fair value measurement of the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">embedded derivative instruments corresponded to a Level\u00a03 fair value hierarchy measurement, which is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">further described in Note 7.6.14.5. The Company elected to allocate issuance costs, totaling $10\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to the debt component. The debt was subsequently measured at amortized cost using the effective</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:71.65pt\">interest method.</span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.22pt\">On August 4, 2025, Tranche A bonds were fully settled in cash for their principal amount of </span><span class=\"f charStyle-58d8bcbe ps13900\" style=\"width:53.94pt\">$750\u00a0million</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">since Tranche A reached maturity while the conversion options were out-of-the money. As per contractual</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">terms, the bondholders have full conversion rights on Tranche B bonds starting August 2024 and Tranche</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.23pt\">B bonds are callable by the Company with a </span><span class=\"f charStyle-58d8bcbe ps13901\" style=\"width:25.57pt\">130%</span><span class=\"f charStyle-58d8bcbe ps13902\" style=\"width:238.06pt\"> contingent feature, with the exercise of its call rights</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:370.34pt\">being preceded by the release, by the Company, of an Optional Redemption Notice.</span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Starting August 2024 for Tranche B convertible bonds, the bondholders have full conversion rights.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:416.32pt\">Consequently, the non-equity embedded derivative instruments and liability component were </span><span class=\"f charStyle-58d8bcbe ps13903\" style=\"width:51.66pt\">reported on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the line Other current financial liabilities for an amount of $19 million and on the line Interest-bearing loans</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and borrowings \u2013 current portion for an amount of $728 million, respectively, of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.84pt\">statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps13904\" style=\"width:87.79pt\">December\u00a031, 2025</span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-465": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13622 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1041\"><div><div class=\"ps11859 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2778 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted debt securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13574 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13575 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Unquoted equity securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13577 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13578 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">20<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13579 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">137<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13580 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">64<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13581 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">28<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13582 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">24<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13583 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13584 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13585 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13586 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13588 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13589 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13592 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13594 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13596 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13597 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9003 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6453 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13598 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13599 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">10<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13600 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13601 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13602 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12814 ss1041\"><div><div class=\"ps8552 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Embedded call option - Senior unsecured convertible bonds issued on <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13603 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13604 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13605 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total derivatives financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13606 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13607 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12825 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13608 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13609 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13610 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13611 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13612 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13613 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13614 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,251<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13615 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,572<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13616 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13617 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">1,061<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13618 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,464<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13619 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13620 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13621 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps13623\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:120pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:63pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1043\"><div><div class=\"ps13626 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8209 ss1044\"><div><div class=\"ps13628 ss161\"><span class=\"f charStyle-e64cef7e ps13627\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss161\"><span class=\"f charStyle-e64cef7e ps9604\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13633 ss1045\"><div><div class=\"ps13345 ss314\"><span class=\"f charStyle-e64cef7e ps13629\">Change<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss314\"><span class=\"f charStyle-e64cef7e ps9495\">in fair<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss314\"><span class=\"f charStyle-e64cef7e ps9298\">value<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss314\"><span class=\"f charStyle-e64cef7e ps13631\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13632\">in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8583 ss1046\"><div><div class=\"ps13345 ss182\"><span class=\"f charStyle-e64cef7e ps9211\">Change\u00a0in<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss182\"><span class=\"f charStyle-e64cef7e ps13634\">fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss182\"><span class=\"f charStyle-e64cef7e ps10796\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss182\"><span class=\"f charStyle-e64cef7e ps10763\">in income<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss182\"><span class=\"f charStyle-e64cef7e ps13635\">statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13637 ss1045\"><div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13636\">Increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13639 ss1047\"><div><div class=\"ps13628 ss715\"><span class=\"f charStyle-e64cef7e ps13638\">Sale /<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss715\"><span class=\"f charStyle-e64cef7e ps8965\">Settlement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1048\"><div><div class=\"ps13626 ss158\"><span class=\"f charStyle-e64cef7e ps9671\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3557 ss1049\"><div><div class=\"ps13628 ss672\"><span class=\"f charStyle-e64cef7e ps13640\">December <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss672\"><span class=\"f charStyle-e64cef7e ps13641\">31, 2025</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2790 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13643 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13501\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13645 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10736 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13647 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13648 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps9232\">(1,900)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13649 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13651 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">985<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13653 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13654 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13656 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13658 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13657\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13660 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13661 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">137<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4713 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13662 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,516<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13663 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13664 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13665 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13666 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13667 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13669 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,122<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9805 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13670 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13671 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13672 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13674 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13676 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13677 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13679 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">25<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3906 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13680 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">24<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13681 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13682 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13683 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13684 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10230 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13685 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">28<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:33pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3702 ss1056\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13686 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13687 ss763\"><div><div class=\"ps3358 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13688 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13689 ss1058\"><div><div class=\"ps3358 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13690 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">363<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13691 ss1059\"><div><div class=\"ps3358 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13692 ss519\"><div><div class=\"ps3358 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13693 ss1060\"><div><div class=\"ps3358 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps13775 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss154 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:113.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:48pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1061\"><div><div class=\"ps13697 ss218\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13700 ss538\"><div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps6222\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps13699\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13704 ss538\"><div><div class=\"ps13701 ss156\"><span class=\"f charStyle-e64cef7e ps6218\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13703 ss156\"><span class=\"f charStyle-e64cef7e ps13702\">fair value</span></div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps10502\">included in</span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps10731\">OCI*</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13710 ss536\"><div><div class=\"ps13705 ss160\"><span class=\"f charStyle-e64cef7e ps6368\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13701 ss160\"><span class=\"f charStyle-e64cef7e ps13706\">fair value</span></div><div class=\"ps13703 ss160\"><span class=\"f charStyle-e64cef7e ps13707\">included in</span></div><div class=\"ps13698 ss160\"><span class=\"f charStyle-e64cef7e ps13708\">income</span></div><div class=\"ps13697 ss160\"><span class=\"f charStyle-e64cef7e ps13709\">statement</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13712 ss1063\"><div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Purchase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1063\"><div><div class=\"ps13703 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Proceeds <span class=\"f ps26\"> </span></span></div><div class=\"ps13698 ss286\"><span class=\"f charStyle-e64cef7e ps13713\">at</span></div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13714\">maturity</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8642 ss1065\"><div><div class=\"ps13697 ss1064\"><span class=\"f charStyle-e64cef7e ps13715\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1066\"><div><div class=\"ps13698 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2024</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5476 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13718 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,635<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13720 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13722 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13724 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">2,980<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13726 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13728 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13729 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,452<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13731 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">13<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13733 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13734 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13736 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:24.83pt\"></span></span><span class=\"ps13735\">51<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13738 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13740 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13742 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">64<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps711 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13743 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,648<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13744 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13745 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13746 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,031<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13747 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13748 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13749 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,516<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11792 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13750 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">22<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13752 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13753 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13754 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13755 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13756 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13757 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">20<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5138 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13758 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">18<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13759 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13761 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13763 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:29.27pt\"></span></span><span class=\"ps13762\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13764 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13765 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13766 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">24<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12341 ss1073\"><div><div class=\"ps13767 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13768 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13769 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13770 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,688<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13771 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6505 ss214\"><div><div class=\"ps13768 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6409 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,034<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13772 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13773 ss1076\"><div><div class=\"ps13768 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13774 ss1077\"><div><div class=\"ps13768 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,560<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:174.88pt\">Investments held in equity securities</span><span class=\"f charStyle-a745408e ps13795\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.23pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13796\" style=\"width:89.49pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13797\" style=\"width:351.27pt\">, the Group also had investments in quoted equity securities for an aggregate</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:43.33pt\">value of $</span><span class=\"f charStyle-58d8bcbe ps13798\" style=\"width:16.68pt\">137</span><span class=\"f charStyle-58d8bcbe ps13799\" style=\"width:125.68pt\">\u00a0million, measured at FVPL (</span><span class=\"f charStyle-58d8bcbe ps8479\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13800\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13801\" style=\"width:11.12pt\">64</span><span class=\"f charStyle-58d8bcbe ps13802\" style=\"width:37.2pt\"> million).</span><span class=\"f charStyle-58d8bcbe ps13803\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">the main segment of Hong Kong Stock Exchange. Innoscience (Suzhou) investment amounted to $127</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">million as of December 31, 2025 ($51 million as of December 31, 2024). As a publicly traded equity</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.1pt\">instrument, Innoscience investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps13804\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps13805\" style=\"width:32.67pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.14pt\">unrealized gain recognized as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps13806\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.65pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13807\" style=\"width:91.91pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps991\" style=\"width:346.34pt\">, the Group also reported other financial assets for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">28</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:37.2pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13809\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13810\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13811\" style=\"width:11.12pt\">24</span><span class=\"f charStyle-58d8bcbe ps2930\" style=\"width:37.2pt\"> million).<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13812\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group irrevocably elected to measure at FVOCI unquoted equity securities for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">25</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:43.9pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13813\" style=\"width:94.49pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13814\" style=\"width:14.45pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13815\" style=\"width:11.12pt\">20</span><span class=\"f charStyle-58d8bcbe ps13816\" style=\"width:287.28pt\"> million). Since these are long-term investments, the Group</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">considers this classification, which implies that changes in fair value are not subsequently recycled to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.83pt\">profit or loss, to be more relevant.</span><span class=\"f charStyle-58d8bcbe ps13817\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The changes in fair value reported on the Group\u2019s investments held in equity securities measured at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.17pt\">FVOCI for the years ended </span><span class=\"f charStyle-58d8bcbe ps13818\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13819\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps2933\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13820\" style=\"width:82.19pt\"> were not material.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-463": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13622 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1041\"><div><div class=\"ps11859 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2778 ss573\"><div><div class=\"ps8550 ss51\"><span class=\"f charStyle-8ec81ad0 ps6478\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss51\"><span class=\"f charStyle-8ec81ad0 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted debt securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13574 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13575 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Unquoted equity securities at FVOCI <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13577 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13578 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">20<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13579 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">137<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13580 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">64<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13581 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">28<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13582 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">24<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13583 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13584 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13585 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">985<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13586 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13588 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13589 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13592 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">45<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13594 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13596 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13597 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9003 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6453 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13598 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">25<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13599 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">10<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13600 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13601 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13602 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12814 ss1041\"><div><div class=\"ps8552 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">Embedded call option - Senior unsecured convertible bonds issued on <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss49\"><span class=\"f charStyle-dd7c1b62 ps4046\">August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13603 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13604 ss573\"><div><div class=\"ps11840 ss51\"><span class=\"f charStyle-dd7c1b62 ps13595\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13605 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total derivatives financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13606 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:1pt solid #000;padding:0\"><div class=\"ps13607 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12825 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13608 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13609 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13576\">12<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13610 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13611 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #000;padding:0\"><div class=\"ps13612 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13593\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13613 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial assets (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13614 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">1,251<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"><div class=\"ps13615 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-8ec81ad0 ps11871\">2,572<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13616 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13617 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">1,061<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13618 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps11871\">2,464<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13619 ss57\"><div><div class=\"ps6208 ss49\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13620 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">190<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13621 ss58\"><div><div class=\"ps6208 ss51\"><span class=\"f charStyle-dd7c1b62 ps13573\">108<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.38.</span><span class=\"f charStyle-58d8bcbe ps13623\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:120pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:63pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1043\"><div><div class=\"ps13626 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8209 ss1044\"><div><div class=\"ps13628 ss161\"><span class=\"f charStyle-e64cef7e ps13627\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss161\"><span class=\"f charStyle-e64cef7e ps9604\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13633 ss1045\"><div><div class=\"ps13345 ss314\"><span class=\"f charStyle-e64cef7e ps13629\">Change<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss314\"><span class=\"f charStyle-e64cef7e ps9495\">in fair<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss314\"><span class=\"f charStyle-e64cef7e ps9298\">value<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss314\"><span class=\"f charStyle-e64cef7e ps13631\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13632\">in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8583 ss1046\"><div><div class=\"ps13345 ss182\"><span class=\"f charStyle-e64cef7e ps9211\">Change\u00a0in<span class=\"f ps26\"> </span></span></div><div class=\"ps13342 ss182\"><span class=\"f charStyle-e64cef7e ps13634\">fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps13630 ss182\"><span class=\"f charStyle-e64cef7e ps10796\">included<span class=\"f ps26\"> </span></span></div><div class=\"ps13628 ss182\"><span class=\"f charStyle-e64cef7e ps10763\">in income<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss182\"><span class=\"f charStyle-e64cef7e ps13635\">statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13637 ss1045\"><div><div class=\"ps13626 ss314\"><span class=\"f charStyle-e64cef7e ps13636\">Increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13639 ss1047\"><div><div class=\"ps13628 ss715\"><span class=\"f charStyle-e64cef7e ps13638\">Sale /<span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss715\"><span class=\"f charStyle-e64cef7e ps8965\">Settlement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13357 ss1048\"><div><div class=\"ps13626 ss158\"><span class=\"f charStyle-e64cef7e ps9671\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3557 ss1049\"><div><div class=\"ps13628 ss672\"><span class=\"f charStyle-e64cef7e ps13640\">December <span class=\"f ps26\"> </span></span></div><div class=\"ps13626 ss672\"><span class=\"f charStyle-e64cef7e ps13641\">31, 2025</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2790 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13643 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13501\">2,452<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13645 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10736 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13647 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13648 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps9232\">(1,900)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13649 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13651 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">985<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13653 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13654 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13656 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13658 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13657\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13660 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13661 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13650\">137<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4713 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13662 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,516<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13663 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13664 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13665 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">354<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13666 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13667 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13669 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,122<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9805 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13670 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">20<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13671 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13672 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13674 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">5<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13676 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13677 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13679 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">25<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3906 ss1050\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13680 ss761\"><div><div class=\"ps11369 ss161\"><span class=\"f charStyle-373d9c9c ps13652\">24<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13681 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps6293\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13682 ss1052\"><div><div class=\"ps11369 ss182\"><span class=\"f charStyle-373d9c9c ps6404\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13683 ss1051\"><div><div class=\"ps11369 ss314\"><span class=\"f charStyle-373d9c9c ps13673\">4<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13684 ss1053\"><div><div class=\"ps11369 ss715\"><span class=\"f charStyle-373d9c9c ps13675\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10230 ss1054\"><div><div class=\"ps11369 ss158\"><span class=\"f charStyle-373d9c9c ps13659\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13685 ss1055\"><div><div class=\"ps11369 ss672\"><span class=\"f charStyle-373d9c9c ps13678\">28<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:33pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3702 ss1056\"><div><div class=\"ps3545 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13642 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13686 ss1042\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13687 ss763\"><div><div class=\"ps3358 ss161\"><span class=\"f charStyle-e64cef7e ps13501\">2,560<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13688 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13644\">15<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13689 ss1058\"><div><div class=\"ps3358 ss182\"><span class=\"f charStyle-e64cef7e ps13655\">76<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13690 ss1057\"><div><div class=\"ps3358 ss314\"><span class=\"f charStyle-e64cef7e ps13646\">363<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13691 ss1059\"><div><div class=\"ps3358 ss715\"><span class=\"f charStyle-e64cef7e ps9232\">(1,903)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13692 ss519\"><div><div class=\"ps3358 ss158\"><span class=\"f charStyle-e64cef7e ps10744\">64<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13693 ss1060\"><div><div class=\"ps3358 ss672\"><span class=\"f charStyle-e64cef7e ps13668\">1,175<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps13696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.64pt\">Movements in other financial assets (excluding derivatives) recorded in </span><span class=\"f charStyle-58d8bcbe ps13624\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:123.86pt\"> are summarized as follows:</span><span class=\"f charStyle-58d8bcbe ps13625\" style=\"width:2.77pt\"> </span></div><div class=\"ps13775 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss154 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:113.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:48pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1061\"><div><div class=\"ps13697 ss218\"><span class=\"f charStyle-373d9c9c ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13700 ss538\"><div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps6222\">January 1, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps13699\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13704 ss538\"><div><div class=\"ps13701 ss156\"><span class=\"f charStyle-e64cef7e ps6218\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13703 ss156\"><span class=\"f charStyle-e64cef7e ps13702\">fair value</span></div><div class=\"ps13698 ss156\"><span class=\"f charStyle-e64cef7e ps10502\">included in</span></div><div class=\"ps13697 ss156\"><span class=\"f charStyle-e64cef7e ps10731\">OCI*</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13710 ss536\"><div><div class=\"ps13705 ss160\"><span class=\"f charStyle-e64cef7e ps6368\">Change in<span class=\"f ps26\"> </span></span></div><div class=\"ps13701 ss160\"><span class=\"f charStyle-e64cef7e ps13706\">fair value</span></div><div class=\"ps13703 ss160\"><span class=\"f charStyle-e64cef7e ps13707\">included in</span></div><div class=\"ps13698 ss160\"><span class=\"f charStyle-e64cef7e ps13708\">income</span></div><div class=\"ps13697 ss160\"><span class=\"f charStyle-e64cef7e ps13709\">statement</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13712 ss1063\"><div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Purchase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1063\"><div><div class=\"ps13703 ss286\"><span class=\"f charStyle-e64cef7e ps13711\">Proceeds <span class=\"f ps26\"> </span></span></div><div class=\"ps13698 ss286\"><span class=\"f charStyle-e64cef7e ps13713\">at</span></div><div class=\"ps13697 ss286\"><span class=\"f charStyle-e64cef7e ps13714\">maturity</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8642 ss1065\"><div><div class=\"ps13697 ss1064\"><span class=\"f charStyle-e64cef7e ps13715\">Accretion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1066\"><div><div class=\"ps13698 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps13697 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2024</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5476 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Government bonds issued by<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13718 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,635<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13720 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13722 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13724 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">2,980<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13726 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13728 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13729 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,452<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Quoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  instruments at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13731 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">13<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13733 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13734 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13736 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:24.83pt\"></span></span><span class=\"ps13735\">51<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13738 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13740 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13742 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">64<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps711 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Sub-total Quoted debt<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  and equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13743 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,648<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13744 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps13719\">1<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13745 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13746 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,031<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13747 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13748 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13749 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,516<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11792 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Unquoted equity<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13750 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">22<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13752 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13753 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:36.21pt\"></span></span><span class=\"ps13721\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13754 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13755 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13756 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13757 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">20<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5138 ss1067\"><div><div class=\"ps11433 ss218\"><span class=\"f charStyle-373d9c9c ps52\">Other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps11434 ss218\"><span class=\"f charStyle-373d9c9c ps52\">\u00a0  assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13758 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:32.33pt\"></span></span><span class=\"ps13730\">18<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13759 ss1068\"><div><div class=\"ps11432 ss156\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.21pt\"></span></span><span class=\"ps13732\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13761 ss1069\"><div><div class=\"ps11432 ss160\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13763 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:29.27pt\"></span></span><span class=\"ps13762\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13764 ss1070\"><div><div class=\"ps11432 ss286\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:25.71pt\"></span></span><span class=\"ps13737\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13765 ss1071\"><div><div class=\"ps11432 ss1064\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.96pt\"></span></span><span class=\"ps13739\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13766 ss1072\"><div><div class=\"ps11432 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.08pt\"></span></span><span class=\"ps13741\">24<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12341 ss1073\"><div><div class=\"ps13767 ss218\"><span class=\"f charStyle-e64cef7e ps52\">Total other financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13768 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  assets (excluding<span class=\"f ps26\"> </span></span></div><div class=\"ps13769 ss218\"><span class=\"f charStyle-e64cef7e ps52\">\u00a0  derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13770 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:21.23pt\"></span></span><span class=\"ps13717\">1,688<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13771 ss1074\"><div><div class=\"ps13768 ss156\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:34.11pt\"></span></span><span class=\"ps13751\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6505 ss214\"><div><div class=\"ps13768 ss160\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:39.77pt\"></span></span><span class=\"ps13760\">3<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6409 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:13.73pt\"></span></span><span class=\"ps13723\">3,034<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13772 ss1075\"><div><div class=\"ps13768 ss286\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:11.07pt\"></span></span><span class=\"ps13725\">(2,251)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13773 ss1076\"><div><div class=\"ps13768 ss1064\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:27.08pt\"></span></span><span class=\"ps13727\">87<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13774 ss1077\"><div><div class=\"ps13768 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:33.98pt\"></span></span><span class=\"ps9717\">2,560<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:19.54pt\">*OCI:<span style=\"display:inline-block;height:5.82pt;width:16.46pt\"></span></span><span class=\"ps1621\" style=\"width:104.34pt\">Other comprehensive income</span></span><span class=\"f charStyle-3452d124 ps2693\" style=\"width:2.22pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:174.88pt\">Investments held in equity securities</span><span class=\"f charStyle-a745408e ps13795\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.23pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13796\" style=\"width:89.49pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13797\" style=\"width:351.27pt\">, the Group also had investments in quoted equity securities for an aggregate</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:43.33pt\">value of $</span><span class=\"f charStyle-58d8bcbe ps13798\" style=\"width:16.68pt\">137</span><span class=\"f charStyle-58d8bcbe ps13799\" style=\"width:125.68pt\">\u00a0million, measured at FVPL (</span><span class=\"f charStyle-58d8bcbe ps8479\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13800\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13801\" style=\"width:11.12pt\">64</span><span class=\"f charStyle-58d8bcbe ps13802\" style=\"width:37.2pt\"> million).</span><span class=\"f charStyle-58d8bcbe ps13803\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">the main segment of Hong Kong Stock Exchange. Innoscience (Suzhou) investment amounted to $127</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">million as of December 31, 2025 ($51 million as of December 31, 2024). As a publicly traded equity</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:424.1pt\">instrument, Innoscience investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps13804\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps13805\" style=\"width:32.67pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:376.14pt\">unrealized gain recognized as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps13806\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.65pt\">As of </span><span class=\"f charStyle-58d8bcbe ps13807\" style=\"width:91.91pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps991\" style=\"width:346.34pt\">, the Group also reported other financial assets for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">28</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:37.2pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13809\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13810\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13811\" style=\"width:11.12pt\">24</span><span class=\"f charStyle-58d8bcbe ps2930\" style=\"width:37.2pt\"> million).<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13812\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Group irrevocably elected to measure at FVOCI unquoted equity securities for an aggregate value of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps13477\" style=\"width:11.12pt\">25</span><span class=\"f charStyle-58d8bcbe ps13808\" style=\"width:43.9pt\">\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps13813\" style=\"width:94.49pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13814\" style=\"width:14.45pt\">: $</span><span class=\"f charStyle-58d8bcbe ps13815\" style=\"width:11.12pt\">20</span><span class=\"f charStyle-58d8bcbe ps13816\" style=\"width:287.28pt\"> million). Since these are long-term investments, the Group</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">considers this classification, which implies that changes in fair value are not subsequently recycled to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.83pt\">profit or loss, to be more relevant.</span><span class=\"f charStyle-58d8bcbe ps13817\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The changes in fair value reported on the Group\u2019s investments held in equity securities measured at</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.17pt\">FVOCI for the years ended </span><span class=\"f charStyle-58d8bcbe ps13818\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13819\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps2933\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13820\" style=\"width:82.19pt\"> were not material.</span><span class=\"f charStyle-58d8bcbe ps13821\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.93pt\">Short-term deposits</span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">To optimize the return yield on its short-term investments, the Group invested $1,100 million of available</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:153.72pt\">cash in short-term deposits as of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13822\" style=\"width:89.97pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13823\" style=\"width:160.37pt\">, compared to $1,450 million as of </span><span class=\"f charStyle-58d8bcbe ps13824\" style=\"width:63.87pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.66pt\">. These short-term deposits had a maturity beyond three months and below one year and no</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">significant risk of changes in fair value. They are reported in the line \u201cShort-term deposits\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">consolidated statement of financial position.</span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.2. Other financial liabilities <span class=\"f ps26\"> </span><span id=\"ib5e8a70407ff441eb37cf3b99a459c92\"></span></span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps11859 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps8550 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Lease financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred and contingent consideration on business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivatives not designated as hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13836 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13837 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche A)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13840 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13841 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8727 ss1078\"><div><div class=\"ps8552 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded conversion option - Senior unsecured convertible bonds <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">issued on August 4, 2020 (Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13842 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13843 ss1079\"><div><div class=\"ps11840 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total other financial liabilities (including derivatives)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13844 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">375<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13845 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">417<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2826 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13846 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">134<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11037 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">189<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2829 ss841\"><div><div class=\"ps6208 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13847 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">241<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13848 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">228<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13851 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Risk management policies relating to credit risk exposure to derivatives counterparties are further</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps13852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.09pt\">described in Note 7.6.38. Lease financial liabilities are further described in Note 7.6.11.</span></div></div><div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.4.\u00a0Hedging activities and derivatives <span id=\"ifbd4044296784258b3ab627c8c409931\"></span></span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.63pt\">Derivative instruments not designated as hedge</span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group conducts its business on a global basis in various major international currencies. As a result,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Group is exposed to adverse movements in foreign currency exchange rates, primarily with respect to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Euro. Foreign exchange risk mainly arises from future commercial transactions and recognized assets</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and liabilities at the Group\u2019s subsidiaries. The Group enters into currency forward contracts to reduce its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exposure to changes in exchange rates and the associated risk arising from the denomination of certain</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. These instruments do not qualify as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">hedging instruments and are marked-to-market at each period-end with the associated changes in fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:418.28pt\">value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps14066\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group also hedges certain Euro-</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">denominated forecasted transactions that cover at reporting date a large part of its R&amp;D and SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses through the use of currency forward contracts and currency options, including collars. These</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments do not qualify as hedging instruments and are marked-to-market at each period-end with the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">associated changes in fair value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.65pt\">income statement.</span><span class=\"f charStyle-58d8bcbe ps14067\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:298.44pt\">The notional amount of these financial instruments amounted to </span><span class=\"f charStyle-58d8bcbe ps14068\" style=\"width:34.9pt\">$2,389 </span><span class=\"f charStyle-58d8bcbe ps14069\" style=\"width:44.77pt\">million in </span><span class=\"f charStyle-58d8bcbe ps14070\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14071\" style=\"width:7.66pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14072\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14073\" style=\"width:37.67pt\">: $2,337</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.53pt\">million). The principal currencies covered at the end of the year </span><span class=\"f charStyle-58d8bcbe ps5947\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14074\" style=\"width:163.17pt\"> are Euro, the China Yuan Renminbi,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Singapore dollar, the Indian rupee, the Japanese yen, the Swiss franc, the Malaysian ringgit, the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">British pound, the Philippines peso, the Taiwan dollar, the South Korean won, the Swedish Krona, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.87pt\">Moroccan dirham, the Australian dollar and the Hong Kong dollar.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.05pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14075\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14076\" style=\"width:158.27pt\"> had remaining terms of 5 days to </span><span class=\"f charStyle-58d8bcbe ps14077\" style=\"width:14.05pt\">11 </span><span class=\"f charStyle-58d8bcbe ps14078\" style=\"width:92.9pt\">months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 96 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.89pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14080\" style=\"width:89.51pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps643\" style=\"width:265.52pt\"> had remaining terms of 2 days to 20 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 95 days.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-467": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group applies a forward-looking expected credit loss (ECL) approach on all debt financial assets not<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">held at FVPL. For debt securities at FVOCI, the ECL is based on a 12-month expected credit loss basis.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The 12-month ECL is the portion of lifetime ECLs that results from default events on a financial instrument</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">that are possible within 12 months after the reporting date. The Group\u2019s quoted debt instruments at</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">FVOCI comprise solely U.S. Treasury debt securities, which have low credit risk. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:333.84pt\">Group has considered that the ECLs on these investments are insignificant.</span></div><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Aggregate contractual maturities of interest-bearing loans and borrowings outstanding, excluding</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:233.3pt\">repayments of coupons and interests, are as follows:</span></div><div class=\"ps13896 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">250<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:73.29pt\"></span></span><span class=\"ps13893\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">984<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">975<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">170<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">962<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">197<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2031<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">154<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13865 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">379<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13894 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13895 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,891<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The difference between the total aggregated future maturities in the preceding table and the total carrying</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">amount of interest-bearing loans and borrowings is due to unamortized debt discount and issuance costs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.91pt\">on the dual tranche senior unsecured convertible bonds.</span><span class=\"f charStyle-58d8bcbe ps13898\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.4.\u00a0Hedging activities and derivatives <span id=\"ifbd4044296784258b3ab627c8c409931\"></span></span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.63pt\">Derivative instruments not designated as hedge</span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group conducts its business on a global basis in various major international currencies. As a result,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Group is exposed to adverse movements in foreign currency exchange rates, primarily with respect to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Euro. Foreign exchange risk mainly arises from future commercial transactions and recognized assets</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and liabilities at the Group\u2019s subsidiaries. The Group enters into currency forward contracts to reduce its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exposure to changes in exchange rates and the associated risk arising from the denomination of certain</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. These instruments do not qualify as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">hedging instruments and are marked-to-market at each period-end with the associated changes in fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:418.28pt\">value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps14066\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group also hedges certain Euro-</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">denominated forecasted transactions that cover at reporting date a large part of its R&amp;D and SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses through the use of currency forward contracts and currency options, including collars. These</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments do not qualify as hedging instruments and are marked-to-market at each period-end with the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">associated changes in fair value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.65pt\">income statement.</span><span class=\"f charStyle-58d8bcbe ps14067\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:298.44pt\">The notional amount of these financial instruments amounted to </span><span class=\"f charStyle-58d8bcbe ps14068\" style=\"width:34.9pt\">$2,389 </span><span class=\"f charStyle-58d8bcbe ps14069\" style=\"width:44.77pt\">million in </span><span class=\"f charStyle-58d8bcbe ps14070\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14071\" style=\"width:7.66pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14072\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14073\" style=\"width:37.67pt\">: $2,337</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.53pt\">million). The principal currencies covered at the end of the year </span><span class=\"f charStyle-58d8bcbe ps5947\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14074\" style=\"width:163.17pt\"> are Euro, the China Yuan Renminbi,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Singapore dollar, the Indian rupee, the Japanese yen, the Swiss franc, the Malaysian ringgit, the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">British pound, the Philippines peso, the Taiwan dollar, the South Korean won, the Swedish Krona, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.87pt\">Moroccan dirham, the Australian dollar and the Hong Kong dollar.</span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.05pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14075\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14076\" style=\"width:158.27pt\"> had remaining terms of 5 days to </span><span class=\"f charStyle-58d8bcbe ps14077\" style=\"width:14.05pt\">11 </span><span class=\"f charStyle-58d8bcbe ps14078\" style=\"width:92.9pt\">months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 96 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.89pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14080\" style=\"width:89.51pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps643\" style=\"width:265.52pt\"> had remaining terms of 2 days to 20 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 95 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:257.62pt\">Derivative instruments designated as cash flow hedge</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges certain Euro-</span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">denominated forecasted transactions that cover at reporting date a portion of its front-end manufacturing</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs of semi-finished goods through the use of currency forward contracts and currency options,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">including collars. The Group may also hedge certain manufacturing transactions denominated in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.56pt\">Singapore dollars.</span><span class=\"f charStyle-58d8bcbe ps2859\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The principles regulating the hedging strategy for derivatives designated as cash flow hedge is to hedge</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">up to 70% of the total forecasted transactions of the following quarter for these manufacturing costs. In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">order to follow a dynamic hedge strategy, the Group may change the percentage of the designated</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">hedged item within the limit of 100% of the forecasted transaction. The maximum length of time over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">which the Group could hedge its exposure to the variability of cash flows for forecasted transactions is 24</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:35.55pt\">months.</span><span class=\"f charStyle-58d8bcbe ps14081\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">These derivative instruments are designated and qualified as cash flow hedges. Hedge effectiveness is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">determined at the inception of the hedge relationship, and through periodic prospective effectiveness</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">assessments to ensure that an economic relationship exists between the hedged item and the hedging</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">instrument. The Group enters into hedge relationships where the critical terms of the hedging instrument</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">match with the terms of the hedged item, which ensures a 1:1 hedge ratio on a monthly basis. The Group</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">therefore performs a qualitative assessment of effectiveness. If changes in circumstances affect the terms</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of the hedged item such that the critical terms no longer match with the critical terms of the hedging</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">instrument, the Group uses the hypothetical derivative method to assess effectiveness. Ineffectiveness</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">may arise if the timing of the forecast transaction changes from what was originally estimated, which</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cannot occur as the Group designates as hedged items forecasted intercompany transactions</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">denominated in foreign currency over which the Group has full oversight, control, and visibility.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:385.65pt\">Ineffectiveness may arise only if there are changes in the credit risk of the counterparty.</span><span class=\"f charStyle-58d8bcbe ps14082\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The derivative instruments designated as cash flow hedges are reflected at fair value in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">statement of financial position. The unrealized gain or loss from the effective portion of the hedge is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reported in other comprehensive income and is reclassified into earnings in the same period in which the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">hedged transaction affects earnings, and within the same consolidated income statement line item as the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.76pt\">impact of the hedged transaction.</span><span class=\"f charStyle-58d8bcbe ps14083\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.21pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps14084\" style=\"width:89.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6118\" style=\"width:286.95pt\">, the Group recorded a decrease in cost of sales of $35 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:442.32pt\">: decrease of $13 million) related to the realized gain incurred on such hedged transactions. No</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">significant ineffective portion of the hedge was recorded on the lines \u201cOther income\u201d or \u201cOther expenses\u201d</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.88pt\">for the years ended </span><span class=\"f charStyle-58d8bcbe ps14085\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14086\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14087\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14088\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14089\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The notional amount of foreign currency forward contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:291.76pt\">designated as cash flow hedge amounted to $1,594 million (</span><span class=\"f charStyle-58d8bcbe ps14090\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14091\" style=\"width:153.96pt\">: $1,624\u00a0million). The forecasted</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.22pt\">transactions hedged as of </span><span class=\"f charStyle-58d8bcbe ps14092\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14093\" style=\"width:230.54pt\"> were determined to be highly probable of occurring.</span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.47pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14094\" style=\"width:90.73pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14095\" style=\"width:348.7pt\">, the amount of net deferred gains on derivative instruments included in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:229.22pt\">cash flow hedge reserve in equity was $49 million (</span><span class=\"f charStyle-58d8bcbe ps14096\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14097\" style=\"width:216.42pt\">: net deferred gains of $56 million), of which $49</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">million were expected to be reclassified as earnings during the next 12 months based on the monthly</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.31pt\">forecasted semi-finished manufacturing costs.</span><span class=\"f charStyle-58d8bcbe ps14098\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 7 days to 10 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.26pt\">average after 119 days.</span><span class=\"f charStyle-58d8bcbe ps14099\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 6 days to 19 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:105pt\">average after 162 days.</span><span class=\"f charStyle-58d8bcbe ps14100\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps5511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14111\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14113 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps13004\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">763<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14117 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">593<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14119 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps14131 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps14123\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14125 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14124\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.53pt\"></span></span><span class=\"ps14126\">1,063<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14127 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">168<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.86pt\"></span></span><span class=\"ps14128\">380<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14130 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:83.79pt\"></span></span><span class=\"ps14129\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14132 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:194.88pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-a745408e ps2909\" style=\"width:2.77pt\"> </span></div><div class=\"ps5789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span><span class=\"f charStyle-58d8bcbe ps14133\" style=\"width:2.77pt\"> </span></div><div class=\"ps5792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14135 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span><span class=\"f charStyle-58d8bcbe ps14136\" style=\"width:2.77pt\"> </span></div><div class=\"ps11708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.76pt\">Other market risk</span><span class=\"f charStyle-a745408e ps14139\" style=\"width:2.77pt\"> </span></div><div class=\"ps5801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">exposed to equity security price. In order to hedge the exposure to this market risk, the Group may enter</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps5803 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.21pt\">into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps14140\" style=\"width:2.77pt\"> </span></div><div class=\"ps5804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14141 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14143 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span><span class=\"f charStyle-58d8bcbe ps14144\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk and the Group\u2019s impairment policies on financial assets are further described in Note 7.6.7.13</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:73.88pt\">and Note\u00a07.6.38.</span><span class=\"f charStyle-58d8bcbe ps14145\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:233.69pt\">Offsetting financial assets and financial liabilities</span><span class=\"f charStyle-a745408e ps7022\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group entered into currency collars as combinations of two options, which are reported, for</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:190.85pt\">accounting purposes, on a net basis. As of </span><span class=\"f charStyle-58d8bcbe ps14146\" style=\"width:87.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14147\" style=\"width:189.13pt\">, the fair value of these collars represented</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">assets for a net amount of $6\u00a0million (composed of $7\u00a0million asset net of a $1\u00a0million liability) and</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">liabilities for a net amount of $1\u00a0million (composed of $2\u00a0million liability offset with a $1\u00a0million asset). In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">addition, the Group entered into other derivative instruments, primarily forward contracts, which are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">governed by standard International Swaps and Derivatives Association agreements and are compliant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">with Protocols of the European Market Infrastructure Regulation and the ISDA 2018 U.S. Resolution Stay</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Protocol, which are not offset in the statement of financial position and representing total assets of $70</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.17pt\">million and liabilities of $14 million as of </span><span class=\"f charStyle-58d8bcbe ps14148\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14149\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps356\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Risk management policies relating to credit risk exposure to derivatives counterparties is further</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note\u00a07.6.38.</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The model used to price the derivative instruments embedded in the senior unsecured convertible bonds</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.6pt\">issued on August 4, 2020 (Tranche A and Tranche B) included the following inputs:</span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.59pt\">the risk-free interest rate for comparable maturities;</span><span class=\"f charStyle-58d8bcbe ps14454\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the reference price for the Company\u2019s ordinary shares as traded on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:47.23pt\">Exchange;</span><span class=\"f charStyle-58d8bcbe ps14455\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:81.1pt\">the exercise price;</span><span class=\"f charStyle-58d8bcbe ps14456\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:413.67pt\">the dividend expected to be paid on the Company\u2019s ordinary shares over the life of the option;</span><span class=\"f charStyle-58d8bcbe ps14457\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.45pt\">the volatility of the Company\u2019s ordinary shares; and</span><span class=\"f charStyle-58d8bcbe ps14458\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:113.31pt\">the duration of the option.</span><span class=\"f charStyle-58d8bcbe ps14459\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Sensitivity to the share price variations is further described in Note 7.6.38. Implied volatility should be</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">considered an unobservable input due to the lack of market data (stock exchange listing of the bond</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">option) for a time horizon equal to the duration of the option. The figure is, therefore, an assumption</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">based on the volatility implied by the price of the financial instrument, as negotiated at the issue stage,</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.49pt\">and market volatility for the nearest time horizon.</span><span class=\"f charStyle-58d8bcbe ps14460\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The prices of the bondholders\u2019 conversion options are sensitive to implied volatility. The table below</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">shows a sensitivity analysis of the net carrying amount of the embedded conversion options in relation to</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.55pt\">a series of changes expressed in percentage point terms of volatility.</span></div><div class=\"ps4550 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:211.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in volatility of the Company\u2019s <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">ordinary shares</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14464 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14463\">-10 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13351 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14465\">- 8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14466\">-5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14467 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2778 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8038 ss1133\"><div><div class=\"ps14461 ss286\"><span class=\"f charStyle-c2d5035f ps14468\">+10 <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss286\"><span class=\"f charStyle-c2d5035f ps14469\">p.p.</span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2715 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in the net carrying amount of the <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">bondholders\u2019 conversion options</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14471 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14472 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(11)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14474 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:24.15pt\"></span></span><span class=\"ps14473\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14476 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14478 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14479 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1134\"><div><div class=\"ps14480 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net carrying amount of the embedded <span class=\"f ps26\"> </span></span></div><div class=\"ps14481 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">conversion options</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14482 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14483 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14484 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14485 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">27<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14486 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14487 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">36<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><span class=\"f charStyle-a745408e ps14524\"> </span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps13243 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.17. Trade accounts receivable<span id=\"i3a6b17c89c6e4c9b84b3cc72224815dd\"></span></span><span class=\"f charStyle-a745408e ps14562\"> </span></div><div class=\"ps14579 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.38, the Group monitors the creditworthiness of its customers to which it grants<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">credit terms in the normal course of business. If certain customers are independently rated, these ratings</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">customer, considering its financial position, past experience and other factors. Individual risk limits are set</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">based on internal and external ratings in accordance with limits set by management. The utilization of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:365.99pt\">credit limits is regularly monitored. Sales to customers are primarily settled in cash.</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group uses a lifetime expected loss allowance for all trade receivables based on failure rates, as</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">applied to the gross amounts of trade accounts receivable. The model includes reasonable assumptions</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">about future credit trends. The historical loss rates are adjusted to reflect current and forward-looking</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">information on macro-economic factors affecting the ability of the Group\u2019s customers to settle the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">receivables. In addition to the factors already embedded in the failure rates, as applied on trade accounts</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">receivable, the Group has identified cyclicality and uncertainties around continued growth for the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">semiconductor industry and its serviceable available market to be the most relevant factors. These</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">macro-economic factors are weighted into different economic scenarios, in line with estimates and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">methodologies applied by other business entities, including financial institutions. These scenarios range</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from upside scenario (above-trend economic growth) to severe downside (recession). On that basis, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.21pt\">loss allowance as of </span><span class=\"f charStyle-58d8bcbe ps14585\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps897\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1931\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1514\" style=\"width:122.75pt\"> was determined as follows:</span><span class=\"f charStyle-58d8bcbe ps14586\" style=\"width:2.77pt\"> </span></div><div class=\"ps2803 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss40 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1154\"><div><div class=\"ps11352 ss1153\"><span class=\"f charStyle-8ec81ad0 ps14587\">Past due<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss428\"><div><div class=\"ps9571 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14588 ss1155\"><div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9713\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8875 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14589\">No<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6242\">past-due<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14591 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps9683\">Less <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14590\">than</span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6202\">a month<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4813 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps10315\">Between<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps6240\">1 and 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14592 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps11296\">Over 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14593 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14596 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14597 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14599 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14600 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14601 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,767<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14602 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,679<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14603 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">77<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14605 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">8<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14606 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">3<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14608 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14610 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14612 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14613 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14614 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(3)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2730 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14615 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14616 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,662<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14617 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">76<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14618 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">7<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14620 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8698 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14621 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14622 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14623 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14624 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12341 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14625 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,768<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14626 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,690<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13772 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">73<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14627 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14628 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">1<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2814 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14629 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14630 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14631 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14632 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14633 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8727 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14634 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14635 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,673<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14636 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">72<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14637 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14638 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:259.41pt\">The loss allowance for trade accounts receivable as of </span><span class=\"f charStyle-58d8bcbe ps14639\" style=\"width:91.37pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14640\" style=\"width:25.8pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:91.37pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.32pt\">reconcile to the opening loss allowance as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:87.75pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1157\"><div><div class=\"ps14641 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14644 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14645 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14646 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4157 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14648 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5480 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14649 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12772 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14650 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14651 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(4)</span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14652 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.38. Financial risk management objectives and policies <span id=\"ib539746f52cf48e5a8ab62a47c220640\"></span></span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group is exposed to changes in financial market conditions in the normal course of business due to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">its operations in different foreign currencies and its ongoing investing and financing activities. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">activities expose it to a variety of financial risks: market risk (including foreign exchange risk, fair value</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk. The Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">overall risk management program focuses on the unpredictability of financial markets and seeks to</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">minimize potential adverse effects on the Group\u2019s financial performance. The Group uses derivative</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:235.53pt\">financial instruments to hedge certain risk exposures.</span><span class=\"f charStyle-58d8bcbe ps16181\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Financial risk management is carried out by a central treasury department (Corporate Treasury).</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.22pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Additionally, a treasury committee, chaired by the Chief Financial Officer, steers treasury activities and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">ensures compliance with corporate policies. Treasury activities are thus regulated by the Group\u2019s policies,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">which define procedures, objectives and controls. The policies focus on the managing financial risk in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">terms of exposure to market risk, credit risk and liquidity risk. Treasury controls are subject to internal</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">audits. Most treasury activities are centralized, with any local treasury activities subject to oversight from</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Corporate Treasury. Corporate Treasury identifies, evaluates and hedges financial risks in close</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">cooperation with the Group\u2019s subsidiaries. It provides written principles for overall risk management, as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">well as written policies covering specific areas, such as foreign exchange risk, interest rate risk, price risk,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">credit risk, use of derivative financial instruments, and investments of excess liquidity. The majority of</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">cash and cash equivalents is held in U.S. dollars and Euros and is placed with financial institutions rated</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">at least a single \u201cA\u201d long-term rating from two of the major rating agencies, meaning at least A3 from</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Moody\u2019s and A- from S&amp;P and Fitch ratings, or better. These ratings are closely and continuously<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">monitored in order to manage exposure to the counterparty\u2019s risk. Hedging transactions are performed</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">only to hedge exposures deriving from operating, investing and financing activities conducted in the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:119.44pt\">normal course of business.</span><span class=\"f charStyle-58d8bcbe ps16182\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:52.78pt\">Market risk</span><span class=\"f charStyle-a745408e ps16183\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:98.34pt\">Foreign exchange risk</span><span class=\"f charStyle-9d8f533c ps16184\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group conducts its business on a globally in various major international currencies. As a result, the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group is exposed to adverse movements in foreign currency exchange rates, primarily regarding the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Euro. Foreign exchange risk mainly arises from recognized assets and liabilities at the Company\u2019s</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:213.87pt\">subsidiaries and future commercial transactions.</span><span class=\"f charStyle-58d8bcbe ps16185\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Management has set up a policy to require the Group's subsidiaries to hedge their entire foreign</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exchange risk exposure with the Group through financial instruments transacted or overseen by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Corporate Treasury. Subsidiaries used forward contracts and purchased currency options to manage their</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">foreign exchange risk arising from foreign-currency-denominated assets and liabilities. Foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">risk arises when recognized assets and liabilities are denominated in a currency that is not the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">functional currency. These instruments do not qualify as hedging instruments for accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Forward contracts and currency options, including collars, are also used by the Group to reduce its</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exposure to U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">a large part of its R&amp;D and corporate costs as well as a portion of its front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">costs for semi-finished goods. The Group also hedges through the use of currency forward contracts</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">certain Singapore dollar-denominated manufacturing forecasted transactions. The derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">used to hedge these forecasted transactions meet the criteria for designation as cash flow hedge. The</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:440.02pt\">hedged forecasted transactions have a high probability of occurring for hedge accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps16186\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">It is the Group\u2019s policy to have the foreign exchange exposures in all the currencies hedged month by</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">month against the monthly standard rate. At each month end, the forecasted flows for the coming month</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">are hedged together with the fixing of the new standard rate. For this reason, the hedging transactions will</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">have an exchange rate very close to the standard rate at which the forecasted flows will be recorded in</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">the following month. As such, the foreign exchange exposure of the Group, which consists of the balance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sheet positions and other contractually agreed transactions, is always close to zero and any movement in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the foreign exchange rates will therefore not influence the exchange effect on items of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">income statement. Any discrepancy between the forecasted values and the actual results is constantly</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:226.09pt\">monitored and prompt actions are taken, if needed.</span><span class=\"f charStyle-58d8bcbe ps16187\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The hedging activity of the Group and the impact on the financial statements is described in detail in</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:62.76pt\">Note\u00a07.6.14.4.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16188\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following sensitivity analysis was based on recognized assets and liabilities, including non-monetary</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">items, of the Company and its subsidiaries. Equity would have been approximately $117 million higher/</span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.28pt\">lower (</span><span class=\"f charStyle-58d8bcbe ps16189\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16190\" style=\"width:415.4pt\">: $98\u00a0million higher/lower) if the Euro strengthened/weakened by 300 basis points against the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">U.S. dollar, arising mainly from translation of net assets from subsidiaries whose functional currency is the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:23.88pt\">Euro.</span><span class=\"f charStyle-58d8bcbe ps16191\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.69pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16192\" style=\"width:87.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16193\" style=\"width:354.31pt\"> if the Euro/U.S. dollar exchange rate had strengthened by 300 basis points with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:442.86pt\">all other variables held constant, net result for the year would have been $52 million higher (</span><span class=\"f charStyle-58d8bcbe ps16194\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16195\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">$61\u00a0million higher), mainly as a result of foreign exchange gains on outstanding derivative instruments. If</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">the Euro/U.S. dollar exchange rate had weakened by 300 basis points with all other variables held</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:297.07pt\">constant, impact in net income would have been $50 million lower (</span><span class=\"f charStyle-58d8bcbe ps16196\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16197\" style=\"width:148.53pt\">: $68\u00a0million lower), mainly due to</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.89pt\">foreign exchange losses on outstanding derivative instruments.</span><span class=\"f charStyle-58d8bcbe ps16198\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:180.5pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-9d8f533c ps16199\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.55pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16200\" style=\"width:88.81pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16201\" style=\"width:23.24pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16202\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps1349\" style=\"width:307.16pt\">, if interest rates had been 20 basis points higher/lower with all other</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">variables held constant, net income for the year would have been $3 million higher/lower respectively,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:443.57pt\">mainly as a result of a high level of liquid assets in relation to debt, with no material impact on equity.</span><span class=\"f charStyle-58d8bcbe ps16203\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:33.15pt\">During </span><span class=\"f charStyle-58d8bcbe ps16204\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16205\" style=\"width:24.08pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16206\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16207\" style=\"width:366.28pt\">, the Group\u2019s borrowings at variable rate were denominated in Euros and in U.S.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:32.22pt\">dollars.</span><span class=\"f charStyle-58d8bcbe ps9954\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:41.09pt\">Price risk</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">exposed to equity security price risk. In order to hedge the exposure to this market risk, the Group may</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.76pt\">enter into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps16208\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The measurement for accounting purposes of the embedded derivative instruments of the senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">unsecured convertible bonds issued on August 4, 2020 is dependent on various factors including the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">performance of STMicroelectronics ordinary shares. With respect to the valuation of the embedded</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:128.55pt\">issuer\u2019s call options as of </span><span class=\"f charStyle-58d8bcbe ps16209\" style=\"width:93.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16210\" style=\"width:245.86pt\">, if the price of the Company\u2019s ordinary shares, as</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured on the New York Stock Exchange, with other valuation inputs remaining equal, increases by</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:337.94pt\">10%, the value of the embedded call options would increase by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16211\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16212\" style=\"width:107.8pt\">: increase of $1 million),</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">whereas for a decrease of 10% in the share price, the value of the embedded call options would decrease</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.33pt\">by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16213\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16214\" style=\"width:382.41pt\">: decrease of $1 million). With respect to the valuation of the embedded bondholders\u2019</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.19pt\">conversion options as of </span><span class=\"f charStyle-58d8bcbe ps16215\" style=\"width:88.11pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16216\" style=\"width:268.59pt\">, if the price of the Company\u2019s ordinary shares, as measured</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">on the New York stock exchange, with other valuation inputs remaining equal, increases by 10%, the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:332.62pt\">value of the embedded conversion options would increase by $10\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16217\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16218\" style=\"width:113.04pt\">: increase of $16 million),</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">whereas for a decrease of 10% in the share price, the value of the embedded conversion options would</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.15pt\">decrease by $7 million (</span><span class=\"f charStyle-58d8bcbe ps16219\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16220\" style=\"width:334.48pt\">: decrease of $12 million). Details of the sensitivity of the other valuation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:324.72pt\">factors, more specifically implied volatility, are presented in Note 7.6.14.5.</span><span class=\"f charStyle-58d8bcbe ps16221\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:44.98pt\">Credit risk</span><span class=\"f charStyle-9d8f533c ps16222\" style=\"width:2.77pt\"> </span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">customer contract, leading to a financial loss. Credit risk typically arises from cash and cash equivalents,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">contractual cash flows of debt investments carried at amortized cost, measured at FVOCI and at FVPL,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the counterparty of derivative financial instruments and deposits with banks and financial institutions, as</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.2pt\">well as credit exposure to customers, including outstanding receivables.</span><span class=\"f charStyle-58d8bcbe ps16223\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is exposed to credit risk from its operating activities (primarily for trade receivables) and from</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">its financing activities, including deposits with banks and financial institutions, foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.53pt\">transactions and other financial instruments.</span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk is managed at the Group level. The Group selects banks and/or financial institutions that</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">operate with the Group based on the criteria of long-term rating from at least two major rating agencies</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and keeping a maximum outstanding amount per instrument with each bank not to exceed 20% of the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">total. For derivative financial instruments, management has established limits so that, at any time, the fair</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.22pt\">value of contracts outstanding is not concentrated with any individual counterparty.</span><span class=\"f charStyle-58d8bcbe ps16224\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group monitors the creditworthiness of its customers to which it grants credit terms in the normal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">course of business. If certain customers are independently rated, these ratings are used. Otherwise, if</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">there is no independent rating, risk control assesses the customer's credit quality, considering its financial</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">position, past experience, and other factors. The utilization of credit limits is regularly monitored. Sales to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.79pt\">customers are primarily settled in cash, which mitigates credit risk. As of </span><span class=\"f charStyle-58d8bcbe ps2914\" style=\"width:89.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2915\" style=\"width:23.78pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2423\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">no individual customer represented more than 10% of total trade accounts receivable. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">concentrations of credit risk with respect to trade receivables are limited due to the large number of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.34pt\">customers and their dispersion across many geographic areas.</span><span class=\"f charStyle-58d8bcbe ps2916\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s investments in instruments carried at amortized cost primarily include long-term receivables</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">towards government bodies. As such, they are investments with immaterial credit loss. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">receivable is of low credit risk and is individually not significant. The credit ratings of the investments are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.19pt\">monitored for credit deterioration.</span><span class=\"f charStyle-58d8bcbe ps16225\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.79pt\">The Group has three types of financial assets that are subject to the expected credit loss model:</span><span class=\"f charStyle-58d8bcbe ps16226\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:349.59pt\">Trade receivables for sales of goods and services, as described in Note 7.6.17;</span><span class=\"f charStyle-58d8bcbe ps16227\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:315.47pt\">Debt securities measured at FVOCI, as described in Note 7.6.14.1; and</span><span class=\"f charStyle-58d8bcbe ps16228\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Debt investments, primarily long-term receivables, carried at amortized cost, as described in Note</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:104.43pt\">7.6.15 and Note 7.6.18.</span><span class=\"f charStyle-58d8bcbe ps16229\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The impairment methodology by category of financial assets is further described in each respective note.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment loss is deemed to be immaterial. The maximum exposure for all financial assets is their</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:74.44pt\">carrying amount.</span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:54.99pt\">Liquidity risk</span><span class=\"f charStyle-9d8f533c ps16230\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Prudent liquidity risk management includes maintaining sufficient cash and cash equivalents, short-term</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">deposits and marketable securities, the availability of funding from committed credit facilities and the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">ability to close out market positions. The Group\u2019s objective is to maintain a significant cash position and a</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">low debt-to-equity ratio, which ensure adequate financial flexibility. Liquidity management policy is to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.74pt\">finance the Group\u2019s investments with net cash from operating activities.</span><span class=\"f charStyle-58d8bcbe ps16231\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:449.21pt\">Management monitors rolling forecasts of the Group\u2019s liquidity reserve based on expected cash flows.</span><span class=\"f charStyle-58d8bcbe ps16232\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:382.16pt\">A maturity analysis of interest-bearing loans and borrowings is shown in Note 7.6.14.3.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-466": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13777 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:166.55pt\">Investments held in debt securities</span><span class=\"f charStyle-a745408e ps5775\" style=\"width:2.77pt\"> </span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group applies a forward-looking expected credit loss (ECL) approach on all debt financial assets not<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">held at FVPL. For debt securities at FVOCI, the ECL is based on a 12-month expected credit loss basis.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The 12-month ECL is the portion of lifetime ECLs that results from default events on a financial instrument</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">that are possible within 12 months after the reporting date. The Group\u2019s quoted debt instruments at</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">FVOCI comprise solely U.S. Treasury debt securities, which have low credit risk. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:333.84pt\">Group has considered that the ECLs on these investments are insignificant.</span></div><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps13243 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.17. Trade accounts receivable<span id=\"i3a6b17c89c6e4c9b84b3cc72224815dd\"></span></span><span class=\"f charStyle-a745408e ps14562\"> </span></div><div class=\"ps14579 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.38, the Group monitors the creditworthiness of its customers to which it grants<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">credit terms in the normal course of business. If certain customers are independently rated, these ratings</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">customer, considering its financial position, past experience and other factors. Individual risk limits are set</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">based on internal and external ratings in accordance with limits set by management. The utilization of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:365.99pt\">credit limits is regularly monitored. Sales to customers are primarily settled in cash.</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group uses a lifetime expected loss allowance for all trade receivables based on failure rates, as</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">applied to the gross amounts of trade accounts receivable. The model includes reasonable assumptions</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">about future credit trends. The historical loss rates are adjusted to reflect current and forward-looking</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">information on macro-economic factors affecting the ability of the Group\u2019s customers to settle the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">receivables. In addition to the factors already embedded in the failure rates, as applied on trade accounts</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">receivable, the Group has identified cyclicality and uncertainties around continued growth for the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">semiconductor industry and its serviceable available market to be the most relevant factors. These</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">macro-economic factors are weighted into different economic scenarios, in line with estimates and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">methodologies applied by other business entities, including financial institutions. These scenarios range</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from upside scenario (above-trend economic growth) to severe downside (recession). On that basis, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.21pt\">loss allowance as of </span><span class=\"f charStyle-58d8bcbe ps14585\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps897\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1931\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1514\" style=\"width:122.75pt\"> was determined as follows:</span><span class=\"f charStyle-58d8bcbe ps14586\" style=\"width:2.77pt\"> </span></div><div class=\"ps2803 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss40 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1154\"><div><div class=\"ps11352 ss1153\"><span class=\"f charStyle-8ec81ad0 ps14587\">Past due<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss428\"><div><div class=\"ps9571 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14588 ss1155\"><div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9713\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8875 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14589\">No<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6242\">past-due<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14591 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps9683\">Less <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14590\">than</span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6202\">a month<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4813 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps10315\">Between<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps6240\">1 and 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14592 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps11296\">Over 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14593 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14596 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14597 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14599 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14600 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14601 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,767<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14602 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,679<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14603 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">77<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14605 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">8<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14606 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">3<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14608 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14610 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14612 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14613 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14614 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(3)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2730 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14615 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14616 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,662<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14617 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">76<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14618 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">7<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14620 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8698 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14621 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14622 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14623 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14624 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12341 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14625 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,768<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14626 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,690<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13772 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">73<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14627 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14628 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">1<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2814 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14629 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14630 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14631 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14632 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14633 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8727 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14634 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14635 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,673<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14636 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">72<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14637 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14638 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:259.41pt\">The loss allowance for trade accounts receivable as of </span><span class=\"f charStyle-58d8bcbe ps14639\" style=\"width:91.37pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14640\" style=\"width:25.8pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:91.37pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.32pt\">reconcile to the opening loss allowance as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:87.75pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1157\"><div><div class=\"ps14641 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14644 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14645 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14646 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4157 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14648 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5480 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14649 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12772 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14650 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14651 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(4)</span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14652 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:129.99pt\">Gross trade accounts receiva</span><span class=\"f charStyle-58d8bcbe ps14653\" style=\"width:30.56pt\">ble are</span><span class=\"f charStyle-58d8bcbe ps14654\" style=\"width:181.1pt\"> denominated in the following currencies:<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14655\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14667 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:292.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1162\"><div><div class=\"ps9104 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10052 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11354 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14657 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,614<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14658 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,622<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1167\"><div><div class=\"ps45 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14660 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14661 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">43<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1167\"><div><div class=\"ps8645 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14663 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">118<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14664 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">103<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14432 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14665 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,767<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14666 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,768<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The maximum exposure to credit risk was the fair value of trade accounts receivable, net of expected</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:82.75pt\">credit losses as of </span><span class=\"f charStyle-58d8bcbe ps14668\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14669\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14670\" style=\"width:2.77pt\">.</span></div><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:44.98pt\">Credit risk</span><span class=\"f charStyle-9d8f533c ps16222\" style=\"width:2.77pt\"> </span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">customer contract, leading to a financial loss. Credit risk typically arises from cash and cash equivalents,</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">contractual cash flows of debt investments carried at amortized cost, measured at FVOCI and at FVPL,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the counterparty of derivative financial instruments and deposits with banks and financial institutions, as</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.2pt\">well as credit exposure to customers, including outstanding receivables.</span><span class=\"f charStyle-58d8bcbe ps16223\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is exposed to credit risk from its operating activities (primarily for trade receivables) and from</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">its financing activities, including deposits with banks and financial institutions, foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:195.53pt\">transactions and other financial instruments.</span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk is managed at the Group level. The Group selects banks and/or financial institutions that</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">operate with the Group based on the criteria of long-term rating from at least two major rating agencies</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and keeping a maximum outstanding amount per instrument with each bank not to exceed 20% of the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">total. For derivative financial instruments, management has established limits so that, at any time, the fair</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.22pt\">value of contracts outstanding is not concentrated with any individual counterparty.</span><span class=\"f charStyle-58d8bcbe ps16224\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group monitors the creditworthiness of its customers to which it grants credit terms in the normal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">course of business. If certain customers are independently rated, these ratings are used. Otherwise, if</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">there is no independent rating, risk control assesses the customer's credit quality, considering its financial</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">position, past experience, and other factors. The utilization of credit limits is regularly monitored. Sales to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.79pt\">customers are primarily settled in cash, which mitigates credit risk. As of </span><span class=\"f charStyle-58d8bcbe ps2914\" style=\"width:89.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2915\" style=\"width:23.78pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2423\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">no individual customer represented more than 10% of total trade accounts receivable. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">concentrations of credit risk with respect to trade receivables are limited due to the large number of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.34pt\">customers and their dispersion across many geographic areas.</span><span class=\"f charStyle-58d8bcbe ps2916\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s investments in instruments carried at amortized cost primarily include long-term receivables</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">towards government bodies. As such, they are investments with immaterial credit loss. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">receivable is of low credit risk and is individually not significant. The credit ratings of the investments are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.19pt\">monitored for credit deterioration.</span><span class=\"f charStyle-58d8bcbe ps16225\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.79pt\">The Group has three types of financial assets that are subject to the expected credit loss model:</span><span class=\"f charStyle-58d8bcbe ps16226\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:349.59pt\">Trade receivables for sales of goods and services, as described in Note 7.6.17;</span><span class=\"f charStyle-58d8bcbe ps16227\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:315.47pt\">Debt securities measured at FVOCI, as described in Note 7.6.14.1; and</span><span class=\"f charStyle-58d8bcbe ps16228\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Debt investments, primarily long-term receivables, carried at amortized cost, as described in Note</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:104.43pt\">7.6.15 and Note 7.6.18.</span><span class=\"f charStyle-58d8bcbe ps16229\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The impairment methodology by category of financial assets is further described in each respective note.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment loss is deemed to be immaterial. The maximum exposure for all financial assets is their</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:74.44pt\">carrying amount.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-464": {
   "value": "<div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.1.\u00a0Other financial assets <span id=\"i17c15ae8eb6e42fcad8d6739a7b30f24\"></span></span></div><div class=\"ps13777 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:166.55pt\">Investments held in debt securities</span><span class=\"f charStyle-a745408e ps5775\" style=\"width:2.77pt\"> </span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group applies a forward-looking expected credit loss (ECL) approach on all debt financial assets not<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">held at FVPL. For debt securities at FVOCI, the ECL is based on a 12-month expected credit loss basis.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The 12-month ECL is the portion of lifetime ECLs that results from default events on a financial instrument</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">that are possible within 12 months after the reporting date. The Group\u2019s quoted debt instruments at</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">FVOCI comprise solely U.S. Treasury debt securities, which have low credit risk. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:333.84pt\">Group has considered that the ECLs on these investments are insignificant.</span></div><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-a745408e ps1821\">7.6.17. Trade accounts receivable<span id=\"i3a6b17c89c6e4c9b84b3cc72224815dd\"></span></span><div class=\"ps14579 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.38, the Group monitors the creditworthiness of its customers to which it grants<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">credit terms in the normal course of business. If certain customers are independently rated, these ratings</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">customer, considering its financial position, past experience and other factors. Individual risk limits are set</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">based on internal and external ratings in accordance with limits set by management. The utilization of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:365.99pt\">credit limits is regularly monitored. Sales to customers are primarily settled in cash.</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group uses a lifetime expected loss allowance for all trade receivables based on failure rates, as</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">applied to the gross amounts of trade accounts receivable. The model includes reasonable assumptions</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">about future credit trends. The historical loss rates are adjusted to reflect current and forward-looking</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">information on macro-economic factors affecting the ability of the Group\u2019s customers to settle the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">receivables. In addition to the factors already embedded in the failure rates, as applied on trade accounts</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">receivable, the Group has identified cyclicality and uncertainties around continued growth for the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">semiconductor industry and its serviceable available market to be the most relevant factors. These</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">macro-economic factors are weighted into different economic scenarios, in line with estimates and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">methodologies applied by other business entities, including financial institutions. These scenarios range</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from upside scenario (above-trend economic growth) to severe downside (recession). On that basis, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.21pt\">loss allowance as of </span><span class=\"f charStyle-58d8bcbe ps14585\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps897\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1931\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1514\" style=\"width:122.75pt\"> was determined as follows:</span><span class=\"f charStyle-58d8bcbe ps14586\" style=\"width:2.77pt\"> </span></div><div class=\"ps2803 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss40 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1154\"><div><div class=\"ps11352 ss1153\"><span class=\"f charStyle-8ec81ad0 ps14587\">Past due<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss428\"><div><div class=\"ps9571 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14588 ss1155\"><div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9713\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8875 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14589\">No<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6242\">past-due<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14591 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps9683\">Less <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14590\">than</span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6202\">a month<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4813 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps10315\">Between<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps6240\">1 and 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14592 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps11296\">Over 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14593 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14596 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14597 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14599 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14600 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14601 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,767<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14602 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,679<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14603 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">77<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14605 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">8<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14606 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">3<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14608 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14610 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14612 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14613 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14614 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(3)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2730 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14615 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14616 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,662<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14617 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">76<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14618 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">7<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14620 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8698 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14621 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14622 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14623 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14624 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12341 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14625 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,768<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14626 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,690<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13772 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">73<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14627 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14628 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">1<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2814 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14629 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14630 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14631 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14632 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14633 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8727 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14634 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14635 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,673<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14636 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">72<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14637 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14638 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:259.41pt\">The loss allowance for trade accounts receivable as of </span><span class=\"f charStyle-58d8bcbe ps14639\" style=\"width:91.37pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14640\" style=\"width:25.8pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:91.37pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.32pt\">reconcile to the opening loss allowance as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:87.75pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1157\"><div><div class=\"ps14641 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14644 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14645 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14646 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4157 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14648 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5480 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14649 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12772 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14650 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14651 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(4)</span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14652 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The maximum exposure to credit risk was the fair value of trade accounts receivable, net of expected</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:82.75pt\">credit losses as of </span><span class=\"f charStyle-58d8bcbe ps14668\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14669\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14670\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:44.98pt\">Credit risk</span><span class=\"f charStyle-9d8f533c ps16222\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group monitors the creditworthiness of its customers to which it grants credit terms in the normal</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">course of business. If certain customers are independently rated, these ratings are used. Otherwise, if</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">there is no independent rating, risk control assesses the customer's credit quality, considering its financial</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">position, past experience, and other factors. The utilization of credit limits is regularly monitored. Sales to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.79pt\">customers are primarily settled in cash, which mitigates credit risk. As of </span><span class=\"f charStyle-58d8bcbe ps2914\" style=\"width:89.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2915\" style=\"width:23.78pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2423\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">no individual customer represented more than 10% of total trade accounts receivable. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">concentrations of credit risk with respect to trade receivables are limited due to the large number of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.34pt\">customers and their dispersion across many geographic areas.</span><span class=\"f charStyle-58d8bcbe ps2916\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s investments in instruments carried at amortized cost primarily include long-term receivables</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">towards government bodies. As such, they are investments with immaterial credit loss. Any remaining</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">receivable is of low credit risk and is individually not significant. The credit ratings of the investments are</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.19pt\">monitored for credit deterioration.</span><span class=\"f charStyle-58d8bcbe ps16225\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.79pt\">The Group has three types of financial assets that are subject to the expected credit loss model:</span><span class=\"f charStyle-58d8bcbe ps16226\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:349.59pt\">Trade receivables for sales of goods and services, as described in Note 7.6.17;</span><span class=\"f charStyle-58d8bcbe ps16227\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:315.47pt\">Debt securities measured at FVOCI, as described in Note 7.6.14.1; and</span><span class=\"f charStyle-58d8bcbe ps16228\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">Debt investments, primarily long-term receivables, carried at amortized cost, as described in Note</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:104.43pt\">7.6.15 and Note 7.6.18.</span><span class=\"f charStyle-58d8bcbe ps16229\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The impairment methodology by category of financial assets is further described in each respective note.</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">impairment loss is deemed to be immaterial. The maximum exposure for all financial assets is their</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:74.44pt\">carrying amount.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-469": {
   "value": "<div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.3.\u00a0Interest-bearing loans and borrowings<span id=\"i0fe646adcac74a52a76c21a710049f76\"></span></span><span class=\"f charStyle-a745408e ps13853\"> </span></div><div class=\"ps13849 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps11766 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Funding program loans from European Investment Bank (\"EIB\"):<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.69% due 2028, floating interest rate at Euribor + 0.589%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">90<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">106<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.61% due 2029, floating interest rate at Euribor + 0.564%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">115<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">127<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.56% due 2031, floating interest rate at Euribor + 0.473%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">236<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">244<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.58% due 2031, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">116<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">120<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.73% due 2033, floating interest rate at Euribor + 0.558%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1081\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">5.07% due 2034, floating interest rate at Secured Overnight <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Financing Rate +0.939%</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13864 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">270<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13865 ss1082\"><div><div class=\"ps11303 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">300<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4633 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Credit Facility from Cassa Depositi e Prestiti SpA (\"CDP SpA\")<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.84% due 2027, floating interest rate at Euribor + 0.690%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13838 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">44<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13839 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11888 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.65% due 2028, floating interest rate at Euribor + 0.550%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13866 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13867 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">69<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8319 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">2.95% due 2029, floating interest rate at Euribor + 0.850%<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13868 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">67<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13869 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">74<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13123 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Dual tranche senior unsecured convertible bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13133 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2025 (Tranche A)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13870 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:74.63pt\"></span></span><span class=\"ps13833\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13871 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">742<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2823 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Zero-coupon, due 2027 (Tranche B)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13844 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13845 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">715<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13157 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Other Funding program loans:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13167 ss839\"><div><div class=\"ps7080 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">0.25% (weighted average), due 2026-2028, fixed interest rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13872 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">3<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13873 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11828 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-8ec81ad0 ps52\">Total interest-bearing loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13875 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,010<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13876 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">2,848<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8386 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13877 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">978<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13878 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,683<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7464 ss837\"><div><div class=\"ps11772 ss834\"><span class=\"f charStyle-dd7c1b62 ps52\">Total non-current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13879 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,032<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13880 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,165<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:366.11pt\">Interest-bearing loans and borrowings are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps13881\" style=\"width:2.77pt\"> </span></div><div class=\"ps13888 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps52\">U.S. Dollar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">998<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,757<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps52\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13854 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,012<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13855 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,091<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3564 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps52\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13886 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,010<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13887 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,848<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The EIB Loans denominated in Euros, but drawn in U.S. dollars, are classified as U.S. dollar denominated</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.22pt\">debt.</span><span class=\"f charStyle-58d8bcbe ps12568\" style=\"width:2.77pt\"> </span></div><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Aggregate contractual maturities of interest-bearing loans and borrowings outstanding, excluding</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:233.3pt\">repayments of coupons and interests, are as follows:</span></div><div class=\"ps13896 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">250<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:73.29pt\"></span></span><span class=\"ps13893\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">984<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">975<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">170<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">962<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">197<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2031<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">154<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13865 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">379<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13894 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13895 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,891<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The difference between the total aggregated future maturities in the preceding table and the total carrying</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">amount of interest-bearing loans and borrowings is due to unamortized debt discount and issuance costs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.91pt\">on the dual tranche senior unsecured convertible bonds.</span><span class=\"f charStyle-58d8bcbe ps13898\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:119.88pt\">Senior convertible bonds</span><span class=\"f charStyle-a745408e ps13899\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">On August 4, 2020, the Company issued $1,500\u00a0million in principal amount of dual tranche senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">unsecured convertible bonds (Tranche A for $750\u00a0million and Tranche B for $750 million), due 2025 and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">2027, respectively. Tranche A bonds were issued at 105.8% as zero-coupon bonds while Tranche B</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">bonds were issued at 104.5% as zero-coupon bonds. The conversion price at issuance was $43.62 for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.59pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Tranche A, equivalent to a 47.5% conversion premium and $45.10 for Tranche B, equivalent to a 52.5%</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">conversion premium. These conversion features correspond to an equivalent of 4,585 shares per each</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.59pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Tranche A bond $200,000 par value and an equivalent of 4,435 shares per each Tranche B bond</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">$200,000 par value. The bonds are convertible by the bondholders or are callable by the issuer upon</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">certain conditions, on a net-share settlement basis, except if the issuer elects a full-cash or full-share</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">conversion as an alternative settlement. The net proceeds from the bond offering were $1,567\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:219.42pt\">after deducting issuance costs paid by the Group.</span><span class=\"f charStyle-58d8bcbe ps3430\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The issuer\u2019s call option and the holder\u2019s conversion option have been identified as embedded non-equity</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">derivative instruments, resulting in the recognition of the options separately from the debt host contract.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Upon initial recognition, the derivatives were measured at fair value based on the income approach, the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">debt being determined as a residual amount of the $1.5\u00a0billion total proceeds. The value of the issuer\u2019s</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">call option was deemed to be nil at initial recognition. The value of the holder\u2019s conversion option was</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">estimated at $219\u00a0million at issuance date, which determined the initial recognition of the liability</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">component at $1,358\u00a0million before allocation of issuance costs. The fair value measurement of the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">embedded derivative instruments corresponded to a Level\u00a03 fair value hierarchy measurement, which is</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">further described in Note 7.6.14.5. The Company elected to allocate issuance costs, totaling $10\u00a0million,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">to the debt component. The debt was subsequently measured at amortized cost using the effective</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:71.65pt\">interest method.</span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:411.22pt\">On August 4, 2025, Tranche A bonds were fully settled in cash for their principal amount of </span><span class=\"f charStyle-58d8bcbe ps13900\" style=\"width:53.94pt\">$750\u00a0million</span><span class=\"f charStyle-58d8bcbe ps2424\" style=\"width:2.77pt\">,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">since Tranche A reached maturity while the conversion options were out-of-the money. As per contractual</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">terms, the bondholders have full conversion rights on Tranche B bonds starting August 2024 and Tranche</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.23pt\">B bonds are callable by the Company with a </span><span class=\"f charStyle-58d8bcbe ps13901\" style=\"width:25.57pt\">130%</span><span class=\"f charStyle-58d8bcbe ps13902\" style=\"width:238.06pt\"> contingent feature, with the exercise of its call rights</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:370.34pt\">being preceded by the release, by the Company, of an Optional Redemption Notice.</span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Starting August 2024 for Tranche B convertible bonds, the bondholders have full conversion rights.</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:416.32pt\">Consequently, the non-equity embedded derivative instruments and liability component were </span><span class=\"f charStyle-58d8bcbe ps13903\" style=\"width:51.66pt\">reported on</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the line Other current financial liabilities for an amount of $19 million and on the line Interest-bearing loans</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">and borrowings \u2013 current portion for an amount of $728 million, respectively, of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.84pt\">statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps13904\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.17pt\">Reconciliation of liabilities arising from financing activities</span><span class=\"f charStyle-a745408e ps13906\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps13997 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1084\"><div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13922 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13929 ss1087\"><div><div class=\"ps13924 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13928\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps9261\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13938 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13940 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13947 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13949 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(989)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(87)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:15.2pt\"></span></span><span class=\"ps8982\">(1,076)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13955 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">41<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13957 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">57<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">98<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13964 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.98pt\"></span></span><span class=\"ps13963\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13966 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.23pt\"></span></span><span class=\"ps13967\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13972 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13973 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(14)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(14)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(224)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13980 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(51)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13982 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">51<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.54pt\"></span></span><span class=\"ps13984\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">91<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13988 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13989 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:26.86pt\"></span></span><span class=\"ps8608\">150<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9630 ss636\"><div><div class=\"ps2288 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13992 ss727\"><div><div class=\"ps2288 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13993 ss985\"><div><div class=\"ps2288 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">223<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13994 ss1096\"><div><div class=\"ps2288 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">978<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13995 ss1097\"><div><div class=\"ps2288 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13996 ss303\"><div><div class=\"ps2288 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">2,353<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13999 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:443.02pt\">* \u201dOther non-current financial liabilities\u201d reported above do not include deferred and contingent consideration, as they relate to</span><span class=\"f charStyle-3452d124 ps13998\" style=\"width:2.22pt\"> </span></div><div class=\"ps14001 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:77.7pt\">business acquisitions.</span><span class=\"f charStyle-3452d124 ps14000\" style=\"width:2.22pt\"> </span></div><div class=\"ps14002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.98pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $101</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:375.72pt\">million and Tranche B bondholder\u2019s conversion option for an amount $19 million as of December 31, 2025.</span><span class=\"f charStyle-3452d124 ps14003\" style=\"width:2.22pt\"> </span></div><div class=\"ps14006 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:420.37pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further</span><span class=\"f charStyle-3452d124 ps14005\" style=\"width:2.22pt\"> </span></div><div class=\"ps14007 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:303.07pt\">described in Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3.</span></div><div class=\"ps1982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps14040 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1087\"><div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14009 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14011 ss1084\"><div><div class=\"ps13924 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps14010\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps9650\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1091\"><div><div class=\"ps2241 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,159<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14012 ss973\"><div><div class=\"ps2241 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">243<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14013 ss1020\"><div><div class=\"ps2241 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,640<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2241 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">578<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2241 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,620<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">300<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14014 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14015 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(203)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(83)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14016 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14017 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">31<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14018 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14019 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:41.79pt\"></span></span><span class=\"ps14020\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14021 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14022 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:31.78pt\"></span></span><span class=\"ps14023\">(477)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:23.53pt\"></span></span><span class=\"ps14024\">(477)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(264)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14025 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(46)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14027 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.61pt\"></span></span><span class=\"ps14026\">264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.59pt\"></span></span><span class=\"ps14028\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14030 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.65pt\"></span></span><span class=\"ps14029\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14032 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:38.84pt\"></span></span><span class=\"ps14031\">(43)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.9pt\"></span></span><span class=\"ps14033\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(89)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14034 ss636\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14035 ss1096\"><div><div class=\"ps45 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14036 ss985\"><div><div class=\"ps45 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14037 ss727\"><div><div class=\"ps45 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14038 ss1097\"><div><div class=\"ps45 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14039 ss303\"><div><div class=\"ps45 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.93pt\">* \u201dOther non-current financial liabilities\u201d and \u201cOther current financial liabilities\u201d reported above do not include deferred and contingent</span><span class=\"f charStyle-3452d124 ps1657\" style=\"width:2.22pt\"> </span></div><div class=\"ps14043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:188.69pt\">consideration, as they relate to business acquisitions.</span><span class=\"f charStyle-3452d124 ps14042\" style=\"width:2.22pt\"> </span></div><div class=\"ps14044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.94pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $70</span><span class=\"f charStyle-3452d124 ps1654\" style=\"width:2.22pt\"> </span></div><div class=\"ps14045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:440.12pt\">million and Tranche A and Tranche B on bondholder\u2019s conversion option for an amount $33 million as of December 31, 2024.</span></div><div class=\"ps14046 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps3415\" style=\"width:467.45pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further described in</span><span class=\"f charStyle-3452d124 ps3363\" style=\"width:2.22pt\"> </span></div><div class=\"ps14047 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps3415\" style=\"width:255.57pt\">Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3<span class=\"f ps26\"> </span></span></div><div class=\"ps14049 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group\u2019s long-term debt contained standard conditions but does not impose minimum financial ratios.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.59pt\"> </span></div><div class=\"ps14050 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group had unutilized committed medium-term credit facilities with core relationship banks totaling</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps14053 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.54pt\">$640 million as of </span><span class=\"f charStyle-58d8bcbe ps14051\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14052\" style=\"width:2.77pt\">.</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14054\" style=\"width:88.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14055\" style=\"width:352.45pt\"> the Group also had three long-term amortizing credit facilities with EIB as part</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.48pt\">of R&amp;D funding programs and two long-term facilities with CDP SpA.</span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:59.4pt\">EIB facilities</span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The first credit facility, signed in August 2017, is a \u20ac500 million loan, in relation to R&amp;D and capital</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.43pt\">expenditures in the EU, fully drawn in Euros, of which $205 million was outstanding as of </span><span class=\"f charStyle-58d8bcbe ps5974\" style=\"width:63.41pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.61pt\"> (December 31, 2024: $233 million). The second one, signed in 2020, is a \u20ac500 million credit facility</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">agreement to support R&amp;D and capital expenditure programs in Italy and France. It was fully drawn in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:275.3pt\">Euros in 2021, representing $352 million outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14056\" style=\"width:91.07pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14057\" style=\"width:101.58pt\"> (December 31, 2024:</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">$364 million). In 2022, the Group signed a third long-term amortizing credit facility with EIB of \u20ac600</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">million. Of this amount, \u20ac300 million was withdrawn in Euros in 2022, and $300 million was withdrawn in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">U.S dollars in 2024, representing and outstanding balance of $552\u00a0million as of December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.95pt\">(December 31, 2024: $581 million). In December 2025, the Group entered into a </span><span class=\"f charStyle-58d8bcbe ps14058\" style=\"width:54.28pt\">\u20ac500\u00a0million</span><span class=\"f charStyle-58d8bcbe ps14059\" style=\"width:43.72pt\"> financing</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">agreement\u00a0 with EIB to support the acceleration of R&amp;D and high-volume chip manufacturing in Italy and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.17pt\">France. This agreement represents the first tranche of a broader </span><span class=\"f charStyle-58d8bcbe ps14060\" style=\"width:39.97pt\">\u20ac1\u00a0billion</span><span class=\"f charStyle-58d8bcbe ps14061\" style=\"width:135.86pt\"> credit line approved by EIB in</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.07pt\">favor of the Group. </span><span class=\"f charStyle-58d8bcbe ps14062\" style=\"width:261.05pt\">Of this amount, \u20ac500 million was withdrawn in March 2026.</span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:86.6pt\">CDP SpA facilities</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The first credit facility, signed in 2021, is a \u20ac150 million loan, fully drawn in Euros, of which $44 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.24pt\">were outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14063\" style=\"width:88.25pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14064\" style=\"width:275.43pt\"> (December 31, 2024: $65 million). The second one, signed in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">2022, is a \u20ac200 million loan, fully drawn in Euros, of which $126 million was outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2902\" style=\"width:158.87pt\"> (December 31, 2024: $143 million).</span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.81pt\">As of </span><span class=\"f charStyle-58d8bcbe ps3328\" style=\"width:88.07pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14065\" style=\"width:354.12pt\"> the Group had three long\u2010term amortizing credit facilities with the EIB as part of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.6pt\">R&amp;D funding programs and two long-term facility with CDP SpA.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-470": {
   "value": "<span class=\"f charStyle-a745408e ps1886\">7.6.14.3.\u00a0Interest-bearing loans and borrowings<span id=\"i0fe646adcac74a52a76c21a710049f76\"></span></span><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Aggregate contractual maturities of interest-bearing loans and borrowings outstanding, excluding</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps13892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:233.3pt\">repayments of coupons and interests, are as follows:</span></div><div class=\"ps13896 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">250<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:73.29pt\"></span></span><span class=\"ps13893\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13854 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">984<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13855 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">975<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13858 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">170<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13859 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">962<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13860 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13861 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">197<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">2031<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13862 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13863 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">154<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13865 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">379<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13894 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13895 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,891<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The difference between the total aggregated future maturities in the preceding table and the total carrying</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">amount of interest-bearing loans and borrowings is due to unamortized debt discount and issuance costs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.91pt\">on the dual tranche senior unsecured convertible bonds.</span><span class=\"f charStyle-58d8bcbe ps13898\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:54.99pt\">Liquidity risk</span><span class=\"f charStyle-9d8f533c ps16230\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Prudent liquidity risk management includes maintaining sufficient cash and cash equivalents, short-term</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">deposits and marketable securities, the availability of funding from committed credit facilities and the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">ability to close out market positions. The Group\u2019s objective is to maintain a significant cash position and a</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">low debt-to-equity ratio, which ensure adequate financial flexibility. Liquidity management policy is to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.74pt\">finance the Group\u2019s investments with net cash from operating activities.</span><span class=\"f charStyle-58d8bcbe ps16231\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:449.21pt\">Management monitors rolling forecasts of the Group\u2019s liquidity reserve based on expected cash flows.</span><span class=\"f charStyle-58d8bcbe ps16232\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:382.16pt\">A maturity analysis of interest-bearing loans and borrowings is shown in Note 7.6.14.3.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-471": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:279.17pt\">Reconciliation of liabilities arising from financing activities</span><span class=\"f charStyle-a745408e ps13906\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps13997 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1084\"><div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13922 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13929 ss1087\"><div><div class=\"ps13924 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13928\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps9261\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13938 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13940 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13947 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13949 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(989)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(87)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:15.2pt\"></span></span><span class=\"ps8982\">(1,076)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13955 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">41<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13957 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">57<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">98<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13964 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.98pt\"></span></span><span class=\"ps13963\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13966 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.23pt\"></span></span><span class=\"ps13967\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13972 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13973 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(14)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(14)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2252 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1026\"><div><div class=\"ps2252 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(224)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13980 ss980\"><div><div class=\"ps2252 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(51)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13982 ss1094\"><div><div class=\"ps2252 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">224<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2252 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">51<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2252 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.54pt\"></span></span><span class=\"ps13984\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1020\"><div><div class=\"ps2232 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">91<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13988 ss973\"><div><div class=\"ps2232 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13989 ss1091\"><div><div class=\"ps2232 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.92pt\"></span></span><span class=\"ps13965\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1092\"><div><div class=\"ps2232 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss292\"><div><div class=\"ps2232 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:26.86pt\"></span></span><span class=\"ps8608\">150<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9630 ss636\"><div><div class=\"ps2288 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13992 ss727\"><div><div class=\"ps2288 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,032<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13993 ss985\"><div><div class=\"ps2288 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">223<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13994 ss1096\"><div><div class=\"ps2288 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">978<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13995 ss1097\"><div><div class=\"ps2288 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13996 ss303\"><div><div class=\"ps2288 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">2,353<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13999 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:443.02pt\">* \u201dOther non-current financial liabilities\u201d reported above do not include deferred and contingent consideration, as they relate to</span><span class=\"f charStyle-3452d124 ps13998\" style=\"width:2.22pt\"> </span></div><div class=\"ps14001 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:77.7pt\">business acquisitions.</span><span class=\"f charStyle-3452d124 ps14000\" style=\"width:2.22pt\"> </span></div><div class=\"ps14002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.98pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $101</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:375.72pt\">million and Tranche B bondholder\u2019s conversion option for an amount $19 million as of December 31, 2025.</span><span class=\"f charStyle-3452d124 ps14003\" style=\"width:2.22pt\"> </span></div><div class=\"ps14006 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:420.37pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further</span><span class=\"f charStyle-3452d124 ps14005\" style=\"width:2.22pt\"> </span></div><div class=\"ps14007 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:303.07pt\">described in Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3.</span></div><div class=\"ps1982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.98pt\">The reconciliation for the year ended </span><span class=\"f charStyle-58d8bcbe ps13907\" style=\"width:87.79pt\">December\u00a031, 2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps13908\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps13909\" style=\"width:2.77pt\"> </span></div><div class=\"ps14040 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:170.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:78pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1083\"><div><div class=\"ps13911 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13917 ss1087\"><div><div class=\"ps13913 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13923\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13925\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13926\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss1086\"><span class=\"f charStyle-a9f4bb30 ps13927\">borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14009 ss1085\"><div><div class=\"ps13918 ss159\"><span class=\"f charStyle-a9f4bb30 ps6501\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss159\"><span class=\"f charStyle-a9f4bb30 ps13919\">non-<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss159\"><span class=\"f charStyle-a9f4bb30 ps13920\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss159\"><span class=\"f charStyle-a9f4bb30 ps4809\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss159\"><span class=\"f charStyle-a9f4bb30 ps13921\">liabilities*<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14011 ss1084\"><div><div class=\"ps13924 ss726\"><span class=\"f charStyle-a9f4bb30 ps13912\">Interest-<span class=\"f ps26\"> </span></span></div><div class=\"ps13918 ss726\"><span class=\"f charStyle-a9f4bb30 ps9609\">bearing<span class=\"f ps26\"> </span></span></div><div class=\"ps13913 ss726\"><span class=\"f charStyle-a9f4bb30 ps10585\">loans and<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss726\"><span class=\"f charStyle-a9f4bb30 ps13916\">borrowings<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss726\"><span class=\"f charStyle-a9f4bb30 ps14010\">\u2013 current<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss726\"><span class=\"f charStyle-a9f4bb30 ps9650\">portion<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1088\"><div><div class=\"ps13913 ss708\"><span class=\"f charStyle-a9f4bb30 ps13930\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps13914 ss708\"><span class=\"f charStyle-a9f4bb30 ps13931\">current<span class=\"f ps26\"> </span></span></div><div class=\"ps13915 ss708\"><span class=\"f charStyle-a9f4bb30 ps13928\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps13911 ss708\"><span class=\"f charStyle-a9f4bb30 ps13932\">liabilities**<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss1089\"><div><div class=\"ps13911 ss160\"><span class=\"f charStyle-a9f4bb30 ps13934\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps3717 ss1090\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13937 ss1091\"><div><div class=\"ps2241 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,159<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14012 ss973\"><div><div class=\"ps2241 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">243<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14013 ss1020\"><div><div class=\"ps2241 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,640<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13942 ss1092\"><div><div class=\"ps2241 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">578<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13943 ss292\"><div><div class=\"ps2241 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,620<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Cash flows<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13945 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.36pt\"></span></span><span class=\"ps13981\">300<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14014 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14015 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:33.28pt\"></span></span><span class=\"ps13977\">(203)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13951 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.34pt\"></span></span><span class=\"ps13950\">(83)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">Non-cash changes:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">New leases<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13953 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14016 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.42pt\"></span></span><span class=\"ps13954\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14017 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13959 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">31<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13961 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Accreted finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13962 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14018 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14019 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.17pt\"></span></span><span class=\"ps13986\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13968 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:41.79pt\"></span></span><span class=\"ps14020\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value changes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13971 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:44.04pt\"></span></span><span class=\"ps13956\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14021 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.54pt\"></span></span><span class=\"ps13946\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14022 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:43.29pt\"></span></span><span class=\"ps13944\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13974 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:31.78pt\"></span></span><span class=\"ps14023\">(477)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:23.53pt\"></span></span><span class=\"ps14024\">(477)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Reclassification<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13978 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:34.03pt\"></span></span><span class=\"ps13948\">(264)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14025 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.09pt\"></span></span><span class=\"ps13979\">(46)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14027 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:36.61pt\"></span></span><span class=\"ps14026\">264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13983 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:40.67pt\"></span></span><span class=\"ps13958\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13985 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:32.42pt\"></span></span><span class=\"ps13960\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1093\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign currency translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13987 ss1094\"><div><div class=\"ps2249 ss1086\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:39.59pt\"></span></span><span class=\"ps14028\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14030 ss980\"><div><div class=\"ps2249 ss159\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.65pt\"></span></span><span class=\"ps14029\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14032 ss1026\"><div><div class=\"ps2249 ss726\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:38.84pt\"></span></span><span class=\"ps14031\">(43)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13990 ss1095\"><div><div class=\"ps2249 ss708\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.9pt\"></span></span><span class=\"ps14033\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13991 ss298\"><div><div class=\"ps2249 ss160\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.09pt\"></span></span><span class=\"ps13975\">(89)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14034 ss636\"><div><div class=\"ps2232 ss633\"><span class=\"f charStyle-a9f4bb30 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14035 ss1096\"><div><div class=\"ps45 ss1086\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.03pt\"></span></span><span class=\"ps13939\">1,165<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14036 ss985\"><div><div class=\"ps45 ss159\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:29.86pt\"></span></span><span class=\"ps11682\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14037 ss727\"><div><div class=\"ps45 ss726\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:28.28pt\"></span></span><span class=\"ps13936\">1,683<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14038 ss1097\"><div><div class=\"ps45 ss708\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:35.11pt\"></span></span><span class=\"ps13941\">100<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14039 ss303\"><div><div class=\"ps45 ss160\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.53pt\"></span></span><span class=\"ps8611\">3,161<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.93pt\">* \u201dOther non-current financial liabilities\u201d and \u201cOther current financial liabilities\u201d reported above do not include deferred and contingent</span><span class=\"f charStyle-3452d124 ps1657\" style=\"width:2.22pt\"> </span></div><div class=\"ps14043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:188.69pt\">consideration, as they relate to business acquisitions.</span><span class=\"f charStyle-3452d124 ps14042\" style=\"width:2.22pt\"> </span></div><div class=\"ps14044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.94pt\">** \u201dOther current financial liabilities\u201d reported above correspond to the current portion of the lease liability for an amount of $70</span><span class=\"f charStyle-3452d124 ps1654\" style=\"width:2.22pt\"> </span></div><div class=\"ps14045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:440.12pt\">million and Tranche A and Tranche B on bondholder\u2019s conversion option for an amount $33 million as of December 31, 2024.</span></div><div class=\"ps14046 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps3415\" style=\"width:467.45pt\">Derivatives are not reported in the above table as they relate to operating activities. Lease financial liabilities are further described in</span><span class=\"f charStyle-3452d124 ps3363\" style=\"width:2.22pt\"> </span></div>Note 7.6.11 and convertible bonds are further described in Note 7.6.14.3",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-473": {
   "value": "<div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.4.\u00a0Hedging activities and derivatives <span id=\"ifbd4044296784258b3ab627c8c409931\"></span></span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.63pt\">Derivative instruments not designated as hedge</span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group conducts its business on a global basis in various major international currencies. As a result,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Group is exposed to adverse movements in foreign currency exchange rates, primarily with respect to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Euro. Foreign exchange risk mainly arises from future commercial transactions and recognized assets</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and liabilities at the Group\u2019s subsidiaries. The Group enters into currency forward contracts to reduce its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exposure to changes in exchange rates and the associated risk arising from the denomination of certain</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. These instruments do not qualify as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">hedging instruments and are marked-to-market at each period-end with the associated changes in fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:418.28pt\">value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps14066\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group also hedges certain Euro-</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">denominated forecasted transactions that cover at reporting date a large part of its R&amp;D and SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses through the use of currency forward contracts and currency options, including collars. These</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments do not qualify as hedging instruments and are marked-to-market at each period-end with the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">associated changes in fair value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.65pt\">income statement.</span><span class=\"f charStyle-58d8bcbe ps14067\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:298.44pt\">The notional amount of these financial instruments amounted to </span><span class=\"f charStyle-58d8bcbe ps14068\" style=\"width:34.9pt\">$2,389 </span><span class=\"f charStyle-58d8bcbe ps14069\" style=\"width:44.77pt\">million in </span><span class=\"f charStyle-58d8bcbe ps14070\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14071\" style=\"width:7.66pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14072\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14073\" style=\"width:37.67pt\">: $2,337</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.53pt\">million). The principal currencies covered at the end of the year </span><span class=\"f charStyle-58d8bcbe ps5947\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14074\" style=\"width:163.17pt\"> are Euro, the China Yuan Renminbi,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Singapore dollar, the Indian rupee, the Japanese yen, the Swiss franc, the Malaysian ringgit, the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">British pound, the Philippines peso, the Taiwan dollar, the South Korean won, the Swedish Krona, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.87pt\">Moroccan dirham, the Australian dollar and the Hong Kong dollar.</span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.05pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14075\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14076\" style=\"width:158.27pt\"> had remaining terms of 5 days to </span><span class=\"f charStyle-58d8bcbe ps14077\" style=\"width:14.05pt\">11 </span><span class=\"f charStyle-58d8bcbe ps14078\" style=\"width:92.9pt\">months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 96 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.89pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14080\" style=\"width:89.51pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps643\" style=\"width:265.52pt\"> had remaining terms of 2 days to 20 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 95 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:257.62pt\">Derivative instruments designated as cash flow hedge</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges certain Euro-</span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">denominated forecasted transactions that cover at reporting date a portion of its front-end manufacturing</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs of semi-finished goods through the use of currency forward contracts and currency options,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">including collars. The Group may also hedge certain manufacturing transactions denominated in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.56pt\">Singapore dollars.</span><span class=\"f charStyle-58d8bcbe ps2859\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The principles regulating the hedging strategy for derivatives designated as cash flow hedge is to hedge</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">up to 70% of the total forecasted transactions of the following quarter for these manufacturing costs. In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">order to follow a dynamic hedge strategy, the Group may change the percentage of the designated</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">hedged item within the limit of 100% of the forecasted transaction. The maximum length of time over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">which the Group could hedge its exposure to the variability of cash flows for forecasted transactions is 24</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:35.55pt\">months.</span><span class=\"f charStyle-58d8bcbe ps14081\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">These derivative instruments are designated and qualified as cash flow hedges. Hedge effectiveness is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">determined at the inception of the hedge relationship, and through periodic prospective effectiveness</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">assessments to ensure that an economic relationship exists between the hedged item and the hedging</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">instrument. The Group enters into hedge relationships where the critical terms of the hedging instrument</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">match with the terms of the hedged item, which ensures a 1:1 hedge ratio on a monthly basis. The Group</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">therefore performs a qualitative assessment of effectiveness. If changes in circumstances affect the terms</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of the hedged item such that the critical terms no longer match with the critical terms of the hedging</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">instrument, the Group uses the hypothetical derivative method to assess effectiveness. Ineffectiveness</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">may arise if the timing of the forecast transaction changes from what was originally estimated, which</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cannot occur as the Group designates as hedged items forecasted intercompany transactions</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">denominated in foreign currency over which the Group has full oversight, control, and visibility.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:385.65pt\">Ineffectiveness may arise only if there are changes in the credit risk of the counterparty.</span><span class=\"f charStyle-58d8bcbe ps14082\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The derivative instruments designated as cash flow hedges are reflected at fair value in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">statement of financial position. The unrealized gain or loss from the effective portion of the hedge is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reported in other comprehensive income and is reclassified into earnings in the same period in which the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">hedged transaction affects earnings, and within the same consolidated income statement line item as the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.76pt\">impact of the hedged transaction.</span><span class=\"f charStyle-58d8bcbe ps14083\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.21pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps14084\" style=\"width:89.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6118\" style=\"width:286.95pt\">, the Group recorded a decrease in cost of sales of $35 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:442.32pt\">: decrease of $13 million) related to the realized gain incurred on such hedged transactions. No</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">significant ineffective portion of the hedge was recorded on the lines \u201cOther income\u201d or \u201cOther expenses\u201d</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.88pt\">for the years ended </span><span class=\"f charStyle-58d8bcbe ps14085\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14086\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14087\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14088\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14089\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The notional amount of foreign currency forward contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:291.76pt\">designated as cash flow hedge amounted to $1,594 million (</span><span class=\"f charStyle-58d8bcbe ps14090\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14091\" style=\"width:153.96pt\">: $1,624\u00a0million). The forecasted</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.22pt\">transactions hedged as of </span><span class=\"f charStyle-58d8bcbe ps14092\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14093\" style=\"width:230.54pt\"> were determined to be highly probable of occurring.</span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.47pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14094\" style=\"width:90.73pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14095\" style=\"width:348.7pt\">, the amount of net deferred gains on derivative instruments included in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:229.22pt\">cash flow hedge reserve in equity was $49 million (</span><span class=\"f charStyle-58d8bcbe ps14096\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14097\" style=\"width:216.42pt\">: net deferred gains of $56 million), of which $49</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">million were expected to be reclassified as earnings during the next 12 months based on the monthly</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.31pt\">forecasted semi-finished manufacturing costs.</span><span class=\"f charStyle-58d8bcbe ps14098\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 7 days to 10 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.26pt\">average after 119 days.</span><span class=\"f charStyle-58d8bcbe ps14099\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 6 days to 19 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:105pt\">average after 162 days.</span><span class=\"f charStyle-58d8bcbe ps14100\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps5511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14111\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14113 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps13004\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">763<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14117 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">593<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14119 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps14131 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps14123\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14125 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14124\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.53pt\"></span></span><span class=\"ps14126\">1,063<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14127 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">168<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.86pt\"></span></span><span class=\"ps14128\">380<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14130 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:83.79pt\"></span></span><span class=\"ps14129\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14132 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:194.88pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-a745408e ps2909\" style=\"width:2.77pt\"> </span></div><div class=\"ps5789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span><span class=\"f charStyle-58d8bcbe ps14133\" style=\"width:2.77pt\"> </span></div><div class=\"ps5792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14135 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span><span class=\"f charStyle-58d8bcbe ps14136\" style=\"width:2.77pt\"> </span></div><div class=\"ps11708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.76pt\">Other market risk</span><span class=\"f charStyle-a745408e ps14139\" style=\"width:2.77pt\"> </span></div><div class=\"ps5801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">exposed to equity security price. In order to hedge the exposure to this market risk, the Group may enter</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps5803 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.21pt\">into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps14140\" style=\"width:2.77pt\"> </span></div><div class=\"ps5804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14141 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14143 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span><span class=\"f charStyle-58d8bcbe ps14144\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk and the Group\u2019s impairment policies on financial assets are further described in Note 7.6.7.13</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:73.88pt\">and Note\u00a07.6.38.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-472": {
   "value": "<div class=\"ps2203 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.4.\u00a0Hedging activities and derivatives <span id=\"ifbd4044296784258b3ab627c8c409931\"></span></span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.63pt\">Derivative instruments not designated as hedge</span></div><div class=\"ps2374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group conducts its business on a global basis in various major international currencies. As a result,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Group is exposed to adverse movements in foreign currency exchange rates, primarily with respect to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">the Euro. Foreign exchange risk mainly arises from future commercial transactions and recognized assets</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">and liabilities at the Group\u2019s subsidiaries. The Group enters into currency forward contracts to reduce its</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">exposure to changes in exchange rates and the associated risk arising from the denomination of certain</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">assets and liabilities in foreign currencies at the Group\u2019s subsidiaries. These instruments do not qualify as</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">hedging instruments and are marked-to-market at each period-end with the associated changes in fair</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:418.28pt\">value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated income statement.</span><span class=\"f charStyle-58d8bcbe ps14066\" style=\"width:2.77pt\"> </span></div><div class=\"ps1920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group also hedges certain Euro-</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">denominated forecasted transactions that cover at reporting date a large part of its R&amp;D and SG&amp;A</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">expenses through the use of currency forward contracts and currency options, including collars. These</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">instruments do not qualify as hedging instruments and are marked-to-market at each period-end with the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">associated changes in fair value recognized in \u201cOther income\u201d or \u201cOther expenses\u201d of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:81.65pt\">income statement.</span><span class=\"f charStyle-58d8bcbe ps14067\" style=\"width:2.77pt\"> </span></div><div class=\"ps1926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:298.44pt\">The notional amount of these financial instruments amounted to </span><span class=\"f charStyle-58d8bcbe ps14068\" style=\"width:34.9pt\">$2,389 </span><span class=\"f charStyle-58d8bcbe ps14069\" style=\"width:44.77pt\">million in </span><span class=\"f charStyle-58d8bcbe ps14070\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14071\" style=\"width:7.66pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14072\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14073\" style=\"width:37.67pt\">: $2,337</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps3164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.53pt\">million). The principal currencies covered at the end of the year </span><span class=\"f charStyle-58d8bcbe ps5947\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14074\" style=\"width:163.17pt\"> are Euro, the China Yuan Renminbi,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2436 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">the Singapore dollar, the Indian rupee, the Japanese yen, the Swiss franc, the Malaysian ringgit, the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">British pound, the Philippines peso, the Taiwan dollar, the South Korean won, the Swedish Krona, the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:288.87pt\">Moroccan dirham, the Australian dollar and the Hong Kong dollar.</span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:113.05pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14075\" style=\"width:89.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14076\" style=\"width:158.27pt\"> had remaining terms of 5 days to </span><span class=\"f charStyle-58d8bcbe ps14077\" style=\"width:14.05pt\">11 </span><span class=\"f charStyle-58d8bcbe ps14078\" style=\"width:92.9pt\">months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 96 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Foreign currency forward contracts and currency options, including collars, not designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.89pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14080\" style=\"width:89.51pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps643\" style=\"width:265.52pt\"> had remaining terms of 2 days to 20 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:99.44pt\">average after 95 days.</span><span class=\"f charStyle-58d8bcbe ps14079\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:257.62pt\">Derivative instruments designated as cash flow hedge</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">To reduce its exposure to U.S. dollar exchange rate fluctuations, the Group hedges certain Euro-</span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">denominated forecasted transactions that cover at reporting date a portion of its front-end manufacturing</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs of semi-finished goods through the use of currency forward contracts and currency options,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">including collars. The Group may also hedge certain manufacturing transactions denominated in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:80.56pt\">Singapore dollars.</span><span class=\"f charStyle-58d8bcbe ps2859\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The principles regulating the hedging strategy for derivatives designated as cash flow hedge is to hedge</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">up to 70% of the total forecasted transactions of the following quarter for these manufacturing costs. In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">order to follow a dynamic hedge strategy, the Group may change the percentage of the designated</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">hedged item within the limit of 100% of the forecasted transaction. The maximum length of time over</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">which the Group could hedge its exposure to the variability of cash flows for forecasted transactions is 24</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:35.55pt\">months.</span><span class=\"f charStyle-58d8bcbe ps14081\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">These derivative instruments are designated and qualified as cash flow hedges. Hedge effectiveness is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">determined at the inception of the hedge relationship, and through periodic prospective effectiveness</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">assessments to ensure that an economic relationship exists between the hedged item and the hedging</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">instrument. The Group enters into hedge relationships where the critical terms of the hedging instrument</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">match with the terms of the hedged item, which ensures a 1:1 hedge ratio on a monthly basis. The Group</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">therefore performs a qualitative assessment of effectiveness. If changes in circumstances affect the terms</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of the hedged item such that the critical terms no longer match with the critical terms of the hedging</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">instrument, the Group uses the hypothetical derivative method to assess effectiveness. Ineffectiveness</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">may arise if the timing of the forecast transaction changes from what was originally estimated, which</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">cannot occur as the Group designates as hedged items forecasted intercompany transactions</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">denominated in foreign currency over which the Group has full oversight, control, and visibility.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:385.65pt\">Ineffectiveness may arise only if there are changes in the credit risk of the counterparty.</span><span class=\"f charStyle-58d8bcbe ps14082\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The derivative instruments designated as cash flow hedges are reflected at fair value in the consolidated</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">statement of financial position. The unrealized gain or loss from the effective portion of the hedge is</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reported in other comprehensive income and is reclassified into earnings in the same period in which the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">hedged transaction affects earnings, and within the same consolidated income statement line item as the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.76pt\">impact of the hedged transaction.</span><span class=\"f charStyle-58d8bcbe ps14083\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:91.21pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps14084\" style=\"width:89.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6118\" style=\"width:286.95pt\">, the Group recorded a decrease in cost of sales of $35 million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps4195\" style=\"width:442.32pt\">: decrease of $13 million) related to the realized gain incurred on such hedged transactions. No</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">significant ineffective portion of the hedge was recorded on the lines \u201cOther income\u201d or \u201cOther expenses\u201d</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.88pt\">for the years ended </span><span class=\"f charStyle-58d8bcbe ps14085\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14086\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14087\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14088\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14089\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The notional amount of foreign currency forward contracts and currency options, including collars,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:291.76pt\">designated as cash flow hedge amounted to $1,594 million (</span><span class=\"f charStyle-58d8bcbe ps14090\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14091\" style=\"width:153.96pt\">: $1,624\u00a0million). The forecasted</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.22pt\">transactions hedged as of </span><span class=\"f charStyle-58d8bcbe ps14092\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14093\" style=\"width:230.54pt\"> were determined to be highly probable of occurring.</span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.47pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14094\" style=\"width:90.73pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14095\" style=\"width:348.7pt\">, the amount of net deferred gains on derivative instruments included in the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:229.22pt\">cash flow hedge reserve in equity was $49 million (</span><span class=\"f charStyle-58d8bcbe ps14096\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14097\" style=\"width:216.42pt\">: net deferred gains of $56 million), of which $49</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">million were expected to be reclassified as earnings during the next 12 months based on the monthly</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.31pt\">forecasted semi-finished manufacturing costs.</span><span class=\"f charStyle-58d8bcbe ps14098\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 7 days to 10 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.26pt\">average after 119 days.</span><span class=\"f charStyle-58d8bcbe ps14099\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foreign currency forward contracts and currency options, including collars, designated as cash flow</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:112.25pt\">hedge outstanding as of </span><span class=\"f charStyle-58d8bcbe ps252\" style=\"width:89.19pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps6085\" style=\"width:266.53pt\">, had remaining terms of 6 days to 19 months, maturing on</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:105pt\">average after 162 days.</span><span class=\"f charStyle-58d8bcbe ps14100\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps5511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14111\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14113 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps13004\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">763<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14117 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">593<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14119 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:84.54pt\"></span></span><span class=\"ps14116\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:29.61pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14101\" style=\"width:91.87pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14102\" style=\"width:346.45pt\">, the Group had the following outstanding derivative instruments that were</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.69pt\">entered into to hedge Euro-denominated and Singapore-Dollar-denominated forecasted transactions:</span><span class=\"f charStyle-58d8bcbe ps14103\" style=\"width:2.77pt\"> </span></div><div class=\"ps14131 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:101.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:100.5pt\"></td></tr><tr style=\"height:40.5pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10417 ss1098\"><div><div class=\"ps14106 ss222\"><span class=\"f charStyle-a9f4bb30 ps14105\">Notional amount for hedge on<span class=\"f ps26\"> </span></span></div><div class=\"ps14108 ss222\"><span class=\"f charStyle-a9f4bb30 ps14107\">forecasted manufacturing costs<span class=\"f ps26\"> </span></span></div><div class=\"ps14104 ss222\"><span class=\"f charStyle-a9f4bb30 ps14109\">transactions<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14112 ss1102\"><div><div class=\"ps8035 ss1101\"><span class=\"f charStyle-a9f4bb30 ps9100\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1101\"><span class=\"f charStyle-a9f4bb30 ps14123\">Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14125 ss1100\"><div><div class=\"ps8035 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14110\">In millions of<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss1099\"><span class=\"f charStyle-a9f4bb30 ps14124\">Singapore Dollars<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2594 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14115 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.53pt\"></span></span><span class=\"ps14126\">1,063<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14127 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.11pt\"></span></span><span class=\"ps14114\">168<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9884 ss1103\"><div><div class=\"ps2232 ss725\"><span class=\"f charStyle-c2d5035f ps52\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14118 ss1105\"><div><div class=\"ps2241 ss1101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.86pt\"></span></span><span class=\"ps14128\">380<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14130 ss1104\"><div><div class=\"ps2241 ss1099\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:83.79pt\"></span></span><span class=\"ps14129\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14132 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:194.88pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-a745408e ps2909\" style=\"width:2.77pt\"> </span></div><div class=\"ps5789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span><span class=\"f charStyle-58d8bcbe ps14133\" style=\"width:2.77pt\"> </span></div><div class=\"ps5792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14135 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span><span class=\"f charStyle-58d8bcbe ps14136\" style=\"width:2.77pt\"> </span></div><div class=\"ps11708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:82.76pt\">Other market risk</span><span class=\"f charStyle-a745408e ps14139\" style=\"width:2.77pt\"> </span></div><div class=\"ps5801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">exposed to equity security price. In order to hedge the exposure to this market risk, the Group may enter</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps5803 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:192.21pt\">into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps14140\" style=\"width:2.77pt\"> </span></div><div class=\"ps5804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14141 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14143 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span><span class=\"f charStyle-58d8bcbe ps14144\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Credit risk and the Group\u2019s impairment policies on financial assets are further described in Note 7.6.7.13</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:73.88pt\">and Note\u00a07.6.38.</span><span class=\"f charStyle-58d8bcbe ps14145\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:233.69pt\">Offsetting financial assets and financial liabilities</span><span class=\"f charStyle-a745408e ps7022\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group entered into currency collars as combinations of two options, which are reported, for</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:190.85pt\">accounting purposes, on a net basis. As of </span><span class=\"f charStyle-58d8bcbe ps14146\" style=\"width:87.87pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14147\" style=\"width:189.13pt\">, the fair value of these collars represented</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">assets for a net amount of $6\u00a0million (composed of $7\u00a0million asset net of a $1\u00a0million liability) and</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">liabilities for a net amount of $1\u00a0million (composed of $2\u00a0million liability offset with a $1\u00a0million asset). In</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">addition, the Group entered into other derivative instruments, primarily forward contracts, which are</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">governed by standard International Swaps and Derivatives Association agreements and are compliant</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">with Protocols of the European Market Infrastructure Regulation and the ISDA 2018 U.S. Resolution Stay</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Protocol, which are not offset in the statement of financial position and representing total assets of $70</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.17pt\">million and liabilities of $14 million as of </span><span class=\"f charStyle-58d8bcbe ps14148\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14149\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps356\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Risk management policies relating to credit risk exposure to derivatives counterparties is further</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note\u00a07.6.38.</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The model used to price the derivative instruments embedded in the senior unsecured convertible bonds</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.6pt\">issued on August 4, 2020 (Tranche A and Tranche B) included the following inputs:</span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.59pt\">the risk-free interest rate for comparable maturities;</span><span class=\"f charStyle-58d8bcbe ps14454\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the reference price for the Company\u2019s ordinary shares as traded on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:47.23pt\">Exchange;</span><span class=\"f charStyle-58d8bcbe ps14455\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:81.1pt\">the exercise price;</span><span class=\"f charStyle-58d8bcbe ps14456\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:413.67pt\">the dividend expected to be paid on the Company\u2019s ordinary shares over the life of the option;</span><span class=\"f charStyle-58d8bcbe ps14457\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.45pt\">the volatility of the Company\u2019s ordinary shares; and</span><span class=\"f charStyle-58d8bcbe ps14458\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:113.31pt\">the duration of the option.</span><span class=\"f charStyle-58d8bcbe ps14459\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Sensitivity to the share price variations is further described in Note 7.6.38. Implied volatility should be</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">considered an unobservable input due to the lack of market data (stock exchange listing of the bond</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">option) for a time horizon equal to the duration of the option. The figure is, therefore, an assumption</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">based on the volatility implied by the price of the financial instrument, as negotiated at the issue stage,</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.49pt\">and market volatility for the nearest time horizon.</span><span class=\"f charStyle-58d8bcbe ps14460\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The prices of the bondholders\u2019 conversion options are sensitive to implied volatility. The table below</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">shows a sensitivity analysis of the net carrying amount of the embedded conversion options in relation to</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.55pt\">a series of changes expressed in percentage point terms of volatility.</span></div><div class=\"ps4550 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:211.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in volatility of the Company\u2019s <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">ordinary shares</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14464 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14463\">-10 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13351 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14465\">- 8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14466\">-5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14467 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2778 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8038 ss1133\"><div><div class=\"ps14461 ss286\"><span class=\"f charStyle-c2d5035f ps14468\">+10 <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss286\"><span class=\"f charStyle-c2d5035f ps14469\">p.p.</span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2715 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in the net carrying amount of the <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">bondholders\u2019 conversion options</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14471 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14472 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(11)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14474 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:24.15pt\"></span></span><span class=\"ps14473\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14476 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14478 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14479 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1134\"><div><div class=\"ps14480 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net carrying amount of the embedded <span class=\"f ps26\"> </span></span></div><div class=\"ps14481 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">conversion options</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14482 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14483 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14484 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14485 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">27<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14486 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14487 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">36<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:52.78pt\">Market risk</span><span class=\"f charStyle-a745408e ps16183\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:98.34pt\">Foreign exchange risk</span><span class=\"f charStyle-9d8f533c ps16184\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group conducts its business on a globally in various major international currencies. As a result, the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Group is exposed to adverse movements in foreign currency exchange rates, primarily regarding the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Euro. Foreign exchange risk mainly arises from recognized assets and liabilities at the Company\u2019s</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:213.87pt\">subsidiaries and future commercial transactions.</span><span class=\"f charStyle-58d8bcbe ps16185\" style=\"width:2.77pt\"> </span></div><div class=\"ps1880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Management has set up a policy to require the Group's subsidiaries to hedge their entire foreign</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exchange risk exposure with the Group through financial instruments transacted or overseen by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">Corporate Treasury. Subsidiaries used forward contracts and purchased currency options to manage their</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">foreign exchange risk arising from foreign-currency-denominated assets and liabilities. Foreign exchange</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">risk arises when recognized assets and liabilities are denominated in a currency that is not the entity\u2019s</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">functional currency. These instruments do not qualify as hedging instruments for accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Forward contracts and currency options, including collars, are also used by the Group to reduce its</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">exposure to U.S. dollar fluctuations in Euro-denominated forecasted intercompany transactions that cover</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">a large part of its R&amp;D and corporate costs as well as a portion of its front-end manufacturing production</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">costs for semi-finished goods. The Group also hedges through the use of currency forward contracts</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">certain Singapore dollar-denominated manufacturing forecasted transactions. The derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">used to hedge these forecasted transactions meet the criteria for designation as cash flow hedge. The</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:440.02pt\">hedged forecasted transactions have a high probability of occurring for hedge accounting purposes.</span><span class=\"f charStyle-58d8bcbe ps16186\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">It is the Group\u2019s policy to have the foreign exchange exposures in all the currencies hedged month by</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">month against the monthly standard rate. At each month end, the forecasted flows for the coming month</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">are hedged together with the fixing of the new standard rate. For this reason, the hedging transactions will</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">have an exchange rate very close to the standard rate at which the forecasted flows will be recorded in</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">the following month. As such, the foreign exchange exposure of the Group, which consists of the balance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sheet positions and other contractually agreed transactions, is always close to zero and any movement in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the foreign exchange rates will therefore not influence the exchange effect on items of the consolidated</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">income statement. Any discrepancy between the forecasted values and the actual results is constantly</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:226.09pt\">monitored and prompt actions are taken, if needed.</span><span class=\"f charStyle-58d8bcbe ps16187\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The hedging activity of the Group and the impact on the financial statements is described in detail in</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:62.76pt\">Note\u00a07.6.14.4.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16188\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The following sensitivity analysis was based on recognized assets and liabilities, including non-monetary</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">items, of the Company and its subsidiaries. Equity would have been approximately $117 million higher/</span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.28pt\">lower (</span><span class=\"f charStyle-58d8bcbe ps16189\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16190\" style=\"width:415.4pt\">: $98\u00a0million higher/lower) if the Euro strengthened/weakened by 300 basis points against the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">U.S. dollar, arising mainly from translation of net assets from subsidiaries whose functional currency is the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:23.88pt\">Euro.</span><span class=\"f charStyle-58d8bcbe ps16191\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.69pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16192\" style=\"width:87.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16193\" style=\"width:354.31pt\"> if the Euro/U.S. dollar exchange rate had strengthened by 300 basis points with</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:442.86pt\">all other variables held constant, net result for the year would have been $52 million higher (</span><span class=\"f charStyle-58d8bcbe ps16194\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16195\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">$61\u00a0million higher), mainly as a result of foreign exchange gains on outstanding derivative instruments. If</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">the Euro/U.S. dollar exchange rate had weakened by 300 basis points with all other variables held</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:297.07pt\">constant, impact in net income would have been $50 million lower (</span><span class=\"f charStyle-58d8bcbe ps16196\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16197\" style=\"width:148.53pt\">: $68\u00a0million lower), mainly due to</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.89pt\">foreign exchange losses on outstanding derivative instruments.</span><span class=\"f charStyle-58d8bcbe ps16198\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:180.5pt\">Cash flow and fair value interest rate risk</span><span class=\"f charStyle-9d8f533c ps16199\" style=\"width:2.77pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group\u2019s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.52pt\">value interest rate risk.</span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group analyzes its interest rate exposure on a dynamic basis. Various scenarios are simulated taking</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">into consideration refinancing, renewal of existing positions, alternative financing and hedging. The Group</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">invests primarily on a short-term basis and as such its liquidity is invested in floating interest rate</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">instruments. As a consequence, the Group is exposed to interest rate risk due to potential mismatch</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">between the return on its short-term floating interest rate investments and the portion of its long-term debt</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">issued at fixed rate.</span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.55pt\">As of </span><span class=\"f charStyle-58d8bcbe ps16200\" style=\"width:88.81pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16201\" style=\"width:23.24pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16202\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps1349\" style=\"width:307.16pt\">, if interest rates had been 20 basis points higher/lower with all other</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">variables held constant, net income for the year would have been $3 million higher/lower respectively,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:443.57pt\">mainly as a result of a high level of liquid assets in relation to debt, with no material impact on equity.</span><span class=\"f charStyle-58d8bcbe ps16203\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:33.15pt\">During </span><span class=\"f charStyle-58d8bcbe ps16204\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16205\" style=\"width:24.08pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16206\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16207\" style=\"width:366.28pt\">, the Group\u2019s borrowings at variable rate were denominated in Euros and in U.S.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:32.22pt\">dollars.</span><span class=\"f charStyle-58d8bcbe ps9954\" style=\"width:2.77pt\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:41.09pt\">Price risk</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">As part of its ongoing investing activities, the Group may invest in publicly traded equity securities and be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">exposed to equity security price risk. In order to hedge the exposure to this market risk, the Group may</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.76pt\">enter into certain derivative hedging transactions.</span><span class=\"f charStyle-58d8bcbe ps16208\" style=\"width:5.54pt\">\u00a0 </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.76pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps14142\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:129.09pt\"> million unrealized gain, as</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:193.31pt\">described in Note 7.6.14.1 and Note 7.6.31.</span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The measurement for accounting purposes of the embedded derivative instruments of the senior</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">unsecured convertible bonds issued on August 4, 2020 is dependent on various factors including the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">performance of STMicroelectronics ordinary shares. With respect to the valuation of the embedded</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:128.55pt\">issuer\u2019s call options as of </span><span class=\"f charStyle-58d8bcbe ps16209\" style=\"width:93.59pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16210\" style=\"width:245.86pt\">, if the price of the Company\u2019s ordinary shares, as</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">measured on the New York Stock Exchange, with other valuation inputs remaining equal, increases by</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:337.94pt\">10%, the value of the embedded call options would increase by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16211\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16212\" style=\"width:107.8pt\">: increase of $1 million),</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">whereas for a decrease of 10% in the share price, the value of the embedded call options would decrease</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.33pt\">by $1\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16213\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16214\" style=\"width:382.41pt\">: decrease of $1 million). With respect to the valuation of the embedded bondholders\u2019</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.19pt\">conversion options as of </span><span class=\"f charStyle-58d8bcbe ps16215\" style=\"width:88.11pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps16216\" style=\"width:268.59pt\">, if the price of the Company\u2019s ordinary shares, as measured</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">on the New York stock exchange, with other valuation inputs remaining equal, increases by 10%, the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:332.62pt\">value of the embedded conversion options would increase by $10\u00a0million (</span><span class=\"f charStyle-58d8bcbe ps16217\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16218\" style=\"width:113.04pt\">: increase of $16 million),</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">whereas for a decrease of 10% in the share price, the value of the embedded conversion options would</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.15pt\">decrease by $7 million (</span><span class=\"f charStyle-58d8bcbe ps16219\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16220\" style=\"width:334.48pt\">: decrease of $12 million). Details of the sensitivity of the other valuation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:324.72pt\">factors, more specifically implied volatility, are presented in Note 7.6.14.5.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-476": {
   "value": "<div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">Set out below is a comparison by class of the carrying amounts and fair value of the Group\u2019s financial</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301.61pt\">instruments that are carried in the consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps14150\" style=\"width:2.77pt\"> </span></div><div class=\"ps14241 ss0\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13503 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14151\">Carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14153 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14152\">Fair value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1107\"><div><div class=\"ps11859 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14155 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14156 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14157 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14158 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Short-term deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14160 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14161 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14162 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14163 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11368 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14164 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14165 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14166 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14167 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8599 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other receivables and assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14168 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14170 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14171 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14172 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Quoted financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14173 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14174 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14175 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14176 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4146 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Unquoted equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14178 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14179 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14180 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14181 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7806 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded call option - Senior unsecured <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">(Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14182 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14184 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14185 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14186 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13442 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14187 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14188 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14189 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14190 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2680 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Cash equivalents </span><span class=\"f charStyle-2564f1f4 ps14191\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14192 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14193 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14194 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14195 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6597 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2823 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Interest-bearing loans and borrowings (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">senior unsecured convertible bonds)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14196 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14197 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14198 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14199 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:27.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14202 ss1111\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-d8513eed ps52\">Senior unsecured convertible bonds issued on </span></div><div class=\"ps14201 ss416\"><span class=\"f charStyle-d8513eed ps52\">August 4, 2020 </span><span class=\"f charStyle-55c9a6b0 ps14200\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14203 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14204 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,457<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14205 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">731<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14206 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,442<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7327 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche A) </span><span class=\"f charStyle-2564f1f4 ps14207\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14208 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14209 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14210 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14211 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:33.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12003 ss1113\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche B) </span><span class=\"f charStyle-2564f1f4 ps14212\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14214 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14215 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14216 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14217 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13616 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Finance leases <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14218 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14219 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14220 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14221 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13619 ss1107\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Contingent consideration on business <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">acquisitions</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14222 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14223 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14224 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14225 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14226 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14227 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14228 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14229 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14230 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14231 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14232 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14233 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14234 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14235 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14236 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14237 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14238 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14239 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14240 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:11.98pt\">(1) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps1808\" style=\"width:438.2pt\">Cash equivalents primarily correspond to deposits at call with banks, money market funds and other short-term investments.</span></span><span class=\"f charStyle-3452d124 ps14242\" style=\"width:2.22pt\"> </span></div><div class=\"ps14246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:12.14pt\">(2) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps14244\" style=\"width:399.37pt\">The carrying amount of the senior unsecured convertible bonds issued on August 4, 2020 and outstanding as of </span></span><span class=\"f charStyle-3452d124 ps14245\" style=\"width:50.33pt\">December\u00a031,</span><span class=\"f charStyle-3452d124 ps1675\" style=\"width:2.22pt\"> </span></div><div class=\"ps14250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:17.76pt\">2025</span><span class=\"f charStyle-3452d124 ps14247\" style=\"width:17.76pt\"> and </span><span class=\"f charStyle-3452d124 ps14248\" style=\"width:70.15pt\">December\u00a031, 2024</span><span class=\"f charStyle-3452d124 ps14249\" style=\"width:344.32pt\"> corresponds to the liability component only, since, at initial recognition, an amount of $219\u00a0million</span><span class=\"f charStyle-3452d124 ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps14251 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.98pt\">was separately recognized as embedded derivative financial instruments. The fair value of the senior convertible bonds</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:178.9pt\">includes the fair value of all embedded derivatives.</span><span class=\"f charStyle-3452d124 ps14252\" style=\"width:2.22pt\"> </span></div><div class=\"ps14255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial assets and liabilities are included at the price at which the instrument could be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sold in an orderly transaction between market participants at the measurement date. The following</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.3pt\">methods and assumptions were used to estimate fair value:</span><span class=\"f charStyle-58d8bcbe ps14257\" style=\"width:2.77pt\"> </span></div><div class=\"ps14259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">for trade accounts receivable, cash equivalents, short-term deposits, trade accounts payable,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other payables and accrued liabilities, the carrying amounts reflected in the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">statements are reasonable estimates of fair value due to the relatively short period of time</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.63pt\">between the origination of the instruments and their expected realization.</span><span class=\"f charStyle-58d8bcbe ps14262\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other receivables and assets approximate their carrying amounts due either to their short-term</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:317.67pt\">maturities or to the fact that they are recorded at their net present value.</span><span class=\"f charStyle-58d8bcbe ps14264\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:218.3pt\">financial investments (debt and equity securities):</span><span class=\"f charStyle-58d8bcbe ps14265\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">the fair value of quoted debt and equity securities is determined based upon quoted market</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:137.74pt\">prices for identical instruments;</span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.87pt\">the fair value of unquoted equity securities is based on the valuation of the underlying</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:312.19pt\">instruments on a new round of third-party financing or upon liquidation;</span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the fair value of interest-bearing loans and borrowings, including lease liabilities but excluding</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">senior unsecured convertible bonds, is determined by estimating future cash flows on a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">borrowing-by-borrowing basis and discounting these future cash flows using the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:274.39pt\">incremental borrowing rates for similar types of arrangements;</span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">the senior unsecured convertible bonds issued on August 4, 2020, and outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:88.05pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14266\" style=\"width:25.25pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14267\" style=\"width:88.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14268\" style=\"width:230.61pt\">, have been trading on the open market segment on</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the Frankfurt Stock Exchange since issuance. The fair value of these instruments is the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:200.53pt\">observable price of the bonds on that market;</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">the fair value of derivative instruments is determined based upon quoted market prices for similar</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:73.88pt\">instruments; and</span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the bondholders\u2019 conversion option and the issuer\u2019s soft call embedded in the senior unsecured</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">convertible bonds are measured at fair value based on the income approach using Bloomberg\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">option pricing model, which can be assimilated to a Black &amp; Scholes model for pricing stock</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">options. This model has been elected as the best indication of fair value since it maximizes the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:175pt\">use of observable market-based inputs.</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.4pt\">Fair value hierarchy</span><span class=\"f charStyle-a745408e ps1428\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group uses the following hierarchy for determining and disclosing the fair value of financial</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.66pt\">instruments by valuation technique:</span><span class=\"f charStyle-58d8bcbe ps14269\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:371.03pt\">level\u00a01: quoted (unadjusted) prices in active markets for identical assets or liabilities.</span><span class=\"f charStyle-58d8bcbe ps14270\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">level\u00a02: other techniques for which all inputs which have a significant effect on the recorded fair</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:213.67pt\">value are observable, either directly or indirectly.</span><span class=\"f charStyle-58d8bcbe ps14271\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">level\u00a03: techniques which use inputs which have a significant effect on the recorded fair value that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:182.23pt\">are not based on observable market data</span><span class=\"f charStyle-58d8bcbe ps14272\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14273\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">categorization (based on the lowest level input that is significant to the fair value measurement as a</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.76pt\">whole) at the end of each reporting period.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.53pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14274\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7642\" style=\"width:326.04pt\">, the Group held the following assets and liabilities measured at fair value:</span></div><div class=\"ps4776 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:231pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1116\"><div><div class=\"ps11766 ss1115\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps51 ss434\"><div><div class=\"ps11764 ss431\"><span class=\"f charStyle-8ec81ad0 ps13825\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss431\"><span class=\"f charStyle-8ec81ad0 ps13826\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11858 ss861\"><div><div class=\"ps11766 ss161\"><span class=\"f charStyle-8ec81ad0 ps14275\">Level 1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4663 ss861\"><div><div class=\"ps11766 ss161\"><span class=\"f charStyle-8ec81ad0 ps14275\">Level 2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10989 ss861\"><div><div class=\"ps11766 ss161\"><span class=\"f charStyle-8ec81ad0 ps14275\">Level 3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1117\"><div><div class=\"ps11772 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Assets measured at fair value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14276 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11953 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14278 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14279 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14280 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11957 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14282 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.63pt\"></span></span><span class=\"ps14281\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14283 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14284 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">137<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11960 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">137<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14285 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14286 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14287 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">28<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11964 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">28<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14288 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14289 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Cash equivalents - Short-term investments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14290 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">313<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11968 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14291 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">313<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14292 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14293 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14294 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14295 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14296 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14297 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14298 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14299 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.63pt\"></span></span><span class=\"ps14281\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14300 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Quoted debt securities measured at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Government bonds issued by the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14301 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:68.63pt\"></span></span><span class=\"ps13214\">985<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14302 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">985<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14303 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14304 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14034 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Unquoted equity securities measured at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14305 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14306 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14307 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14308 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11028 ss1119\"><div><div class=\"ps6208 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Total assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14309 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:61.13pt\"></span></span><span class=\"ps13874\">1,564<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14311 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.13pt\"></span></span><span class=\"ps14310\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14312 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">389<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11033 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps7316 ss1117\"><div><div class=\"ps11772 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Liabilities measured at fair value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9103 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14313 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14314 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14315 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14316 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14317 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14318 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8923 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14319 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:78.63pt\"></span></span><span class=\"ps13219\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14320 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14321 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.63pt\"></span></span><span class=\"ps14281\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14322 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8400 ss1118\"><div><div class=\"ps7080 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Embedded conversion options<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14323 ss840\"><div><div class=\"ps7080 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14324 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14325 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14326 ss757\"><div><div class=\"ps7080 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14327 ss1117\"><div><div class=\"ps11772 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Contingent consideration on business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14328 ss838\"><div><div class=\"ps11772 ss431\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14329 ss864\"><div><div class=\"ps11772 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14330 ss864\"><div><div class=\"ps11772 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14331 ss864\"><div><div class=\"ps11772 ss161\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9025 ss1119\"><div><div class=\"ps6208 ss1115\"><span class=\"f charStyle-8ec81ad0 ps52\">Total liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14332 ss842\"><div><div class=\"ps6208 ss431\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:73.63pt\"></span></span><span class=\"ps13213\">51<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14333 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.63pt\"></span></span><span class=\"ps12112\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14334 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14335 ss857\"><div><div class=\"ps6208 ss161\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.63pt\"></span></span><span class=\"ps14277\">37<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.85pt\">During the reporting period ending </span><span class=\"f charStyle-58d8bcbe ps14336\" style=\"width:91.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14337\" style=\"width:211.06pt\">, there was no transfer between Level\u00a01 and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14340 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:433.27pt\">Level\u00a02 fair value measurements, and no transfer into and out of Level\u00a03 fair value measurements.</span><span class=\"f charStyle-58d8bcbe ps14339\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.53pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14274\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps7642\" style=\"width:326.04pt\">, the Group held the following assets and liabilities measured at fair value:</span><span class=\"f charStyle-58d8bcbe ps14341\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:237pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1121\"><div><div class=\"ps11766 ss1120\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14342 ss1122\"><div><div class=\"ps11764 ss360\"><span class=\"f charStyle-8ec81ad0 ps12071\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11766 ss360\"><span class=\"f charStyle-8ec81ad0 ps8894\">2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12078 ss461\"><div><div class=\"ps11766 ss160\"><span class=\"f charStyle-8ec81ad0 ps11286\">Level 1<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10696 ss461\"><div><div class=\"ps11766 ss160\"><span class=\"f charStyle-8ec81ad0 ps11286\">Level 2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13935 ss461\"><div><div class=\"ps11766 ss160\"><span class=\"f charStyle-8ec81ad0 ps11286\">Level 3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1123\"><div><div class=\"ps11772 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Assets measured at fair value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14343 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14344 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14346 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14347 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14348 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14349 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14350 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14351 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Quoted equity securities at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14352 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">64<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14353 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">64<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14354 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14355 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Other financial assets at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14356 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">24<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14357 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">24<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14358 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13952 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Embedded call options<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14360 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.88pt\"></span></span><span class=\"ps14359\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14361 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14362 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14364 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.88pt\"></span></span><span class=\"ps14363\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14365 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14366 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14367 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13969 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14368 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14369 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14370 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13976 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Quoted debt securities measured at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Government bonds issued by the U.S. Treasury<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14371 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,452<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14372 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">2,452<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14373 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13991 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14034 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Unquoted equity securities measured at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14374 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14375 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14376 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14039 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11028 ss1125\"><div><div class=\"ps6208 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Total assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14377 ss372\"><div><div class=\"ps6208 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,572<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14378 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.38pt\"></span></span><span class=\"ps13044\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14379 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14380 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps7316 ss1123\"><div><div class=\"ps11772 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Liabilities measured at fair value<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9103 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Derivative instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14313 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14381 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14382 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14383 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14384 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14318 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14385 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.88pt\"></span></span><span class=\"ps14359\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14386 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14387 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.88pt\"></span></span><span class=\"ps14363\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14388 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8923 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Cash flow hedges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8400 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Foreign exchange forward contracts<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14389 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14390 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14391 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">45<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14392 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14327 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-dd7c1b62 ps4046\">Currency collars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14393 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.88pt\"></span></span><span class=\"ps14359\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14394 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14395 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.88pt\"></span></span><span class=\"ps14363\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14396 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14397 ss1124\"><div><div class=\"ps7080 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Embedded conversion options<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14398 ss978\"><div><div class=\"ps7080 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14399 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14400 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14401 ss298\"><div><div class=\"ps7080 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14402 ss1123\"><div><div class=\"ps11772 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Contingent consideration on business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14403 ss971\"><div><div class=\"ps11772 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.88pt\"></span></span><span class=\"ps13033\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14404 ss292\"><div><div class=\"ps11772 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14405 ss292\"><div><div class=\"ps11772 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14406 ss292\"><div><div class=\"ps11772 ss160\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14407 ss1125\"><div><div class=\"ps6208 ss1120\"><span class=\"f charStyle-8ec81ad0 ps52\">Total liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14408 ss372\"><div><div class=\"ps6208 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">137<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14409 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14410 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14411 ss303\"><div><div class=\"ps6208 ss160\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">48<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:164.85pt\">During the reporting period ending </span><span class=\"f charStyle-58d8bcbe ps14336\" style=\"width:91.95pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14337\" style=\"width:211.06pt\">, there was no transfer between Level\u00a01 and</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:433.27pt\">Level\u00a02 fair value measurements, and no transfer into and out of Level\u00a03 fair value measurements.</span></div><div class=\"ps5684 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:2.77pt\"> </span></div><div class=\"ps5685 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:151.54pt\">Financial instruments in Level\u00a01</span><span class=\"f charStyle-a745408e ps14414\" style=\"width:2.77pt\"> </span></div><div class=\"ps7053 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The fair value of financial instruments traded in active markets is based on quoted market prices at the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">balance sheet date. A market is regarded as active if quoted prices are readily and regularly available</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5744 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps7055 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">represent actual and regularly occurring market transactions on an arm\u2019s length basis. The quoted market</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">price used for financial assets held by the Group is the current bid price. These instruments are included</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5695 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45.55pt\">in Level\u00a01.</span><span class=\"f charStyle-58d8bcbe ps14415\" style=\"width:2.77pt\"> </span></div><div class=\"ps5698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:151.54pt\">Financial instruments in Level\u00a02</span><span class=\"f charStyle-a745408e ps14414\" style=\"width:2.77pt\"> </span></div><div class=\"ps5699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial instruments that are not traded in active markets (for example over the counter</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5700 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">derivatives) is determined by using valuation techniques. These valuation techniques maximize the use of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">observable market data when available and rely as little as possible on entity\u2019s specific estimates. If all</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps5702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">significant inputs required to fair value an instrument are observable, the instrument is included in Level\u00a02.</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps8015 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">If one or more of the significant inputs is not based on observable market data, the instrument is included</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps8016 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:370.52pt\">in Level\u00a03. Specific valuation techniques used to value financial instruments include:</span><span class=\"f charStyle-58d8bcbe ps4399\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps2547 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">Quoted market prices or dealer\u2019s quotes for similar instruments; and </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">The fair value of foreign exchange forward contracts when determined using forward exchange </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">rates at the balance sheet date, with the resulting value discounted back to present value. </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">As of December 31, 2025, the Group held $313 million short-term investments classified as cash</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">equivalents. These short-term investments were measured at fair value classified as a Level 2</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">measurement hierarchy. These financial assets were reported as cash equivalents due to their high level</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.49pt\">of liquidity, their readily convertibility into known amount of cash, and insignificant risk of changes in value.</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:151.54pt\">Financial instruments in Level\u00a03</span><span class=\"f charStyle-a745408e ps14414\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For financial assets measured at fair value using significant unobservable inputs (Level 3), the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.11pt\">reconciliation between January\u00a01, </span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14417\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps5937\" style=\"width:106.64pt\"> is presented as follows:</span><span class=\"f charStyle-58d8bcbe ps14418\" style=\"width:2.77pt\"> </span></div><div class=\"ps4317 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:258.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:200.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1126\"><div><div class=\"ps2712 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14420 ss1107\"><div><div class=\"ps2714 ss416\"><span class=\"f charStyle-a9f4bb30 ps14419\">Fair value measurements using<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss416\"><span class=\"f charStyle-a9f4bb30 ps12998\">significant unobservable inputs (Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of January 1, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14422 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:182.42pt\"></span></span><span class=\"ps14421\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1127\"><div><div class=\"ps14423 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the embedded call option of the <span class=\"f ps26\"> </span></span></div><div class=\"ps70 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">senior unsecured convertible bonds issued on August </span></div><div class=\"ps14424 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">4, 2020 (Tranche A and Tranche B)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14426 ss428\"><div><div class=\"ps70 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:184.65pt\"></span></span><span class=\"ps14425\">(2)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8250 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Purchase of unquoted equity securities at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14428 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:187.98pt\"></span></span><span class=\"ps14427\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps711 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14429 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:182.42pt\"></span></span><span class=\"ps14421\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8607 ss1127\"><div><div class=\"ps14423 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Amount of net loss included in the 2025 income <span class=\"f ps26\"> </span></span></div><div class=\"ps70 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">statement attributable to assets still held at the </span></div><div class=\"ps14424 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">reporting date</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14430 ss428\"><div><div class=\"ps70 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:184.65pt\"></span></span><span class=\"ps14425\">(2)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">For financial liabilities measured at fair value using significant unobservable inputs (Level 3), the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.11pt\">reconciliation between January\u00a01, </span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14417\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps5937\" style=\"width:106.64pt\"> is presented as follows:</span><span class=\"f charStyle-58d8bcbe ps14418\" style=\"width:2.77pt\"> </span></div><div class=\"ps14436 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:258.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:200.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1126\"><div><div class=\"ps2712 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14420 ss1107\"><div><div class=\"ps2714 ss416\"><span class=\"f charStyle-a9f4bb30 ps14419\">Fair value measurements using<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss416\"><span class=\"f charStyle-a9f4bb30 ps12998\">significant unobservable inputs (Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of January 1, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14422 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:179.09pt\"></span></span><span class=\"ps14431\">(48)</span></span></div></div></div></td></tr><tr style=\"height:33.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1128\"><div><div class=\"ps5108 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the embedded conversion <span class=\"f ps26\"> </span></span></div><div class=\"ps5105 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">option of the senior unsecured convertible bonds issued </span></div><div class=\"ps5111 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">on August 4, 2020 (Tranche A and Tranche B)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14426 ss1113\"><div><div class=\"ps5105 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:182.42pt\"></span></span><span class=\"ps14421\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14432 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Currency translation adjustment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14433 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:184.65pt\"></span></span><span class=\"ps14425\">(3)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss627\"><div><div class=\"ps2288 ss626\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14434 ss1109\"><div><div class=\"ps2288 ss416\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:179.09pt\"></span></span><span class=\"ps14431\">(37)</span></span></div></div></div></td></tr><tr style=\"height:33.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2800 ss1128\"><div><div class=\"ps5108 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">Amount of net gain included in the 2025 income <span class=\"f ps26\"> </span></span></div><div class=\"ps5105 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">statement attributable to assets still held at the </span></div><div class=\"ps5111 ss626\"><span class=\"f charStyle-c2d5035f ps2240\">reporting date</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14435 ss1113\"><div><div class=\"ps5105 ss416\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:182.42pt\"></span></span><span class=\"ps14421\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The following table shows the impact on the income statement of the valuation of the embedded</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:178.86pt\">derivative instruments outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14437\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps3527\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps14438\" style=\"width:2.77pt\"> </span></div><div class=\"ps14442 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:150pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1130\"><div><div class=\"ps2232 ss1129\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1130\"><div><div class=\"ps2232 ss1129\"><span class=\"f charStyle-a9f4bb30 ps52\">Asset (liability) value as of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps7294 ss225\"><div><div class=\"ps45 ss220\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:128.84pt\"></span></span><span class=\"ps12736\">(31)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2028 ss1130\"><div><div class=\"ps45 ss1129\"><span class=\"f charStyle-c2d5035f ps52\">Gains (losses) recognized in the consolidated income statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14440 ss225\"><div><div class=\"ps45 ss220\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:132.17pt\"></span></span><span class=\"ps14439\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2293 ss1130\"><div><div class=\"ps2232 ss1129\"><span class=\"f charStyle-a9f4bb30 ps52\">Asset (liability) value as of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14441 ss225\"><div><div class=\"ps45 ss220\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:128.84pt\"></span></span><span class=\"ps12736\">(19)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Contingent consideration reported as liabilities on the consolidated statement of financial position as of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:89.07pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14443\" style=\"width:23.5pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14444\" style=\"width:89.07pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14445\" style=\"width:266.36pt\"> is based on the probability that the milestones defining the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14447 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.33pt\">variable components of the consideration will be achieved.</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.08pt\">The change in fair value amounting to $</span><span class=\"f charStyle-58d8bcbe ps14448\" style=\"width:11.12pt\">14</span><span class=\"f charStyle-58d8bcbe ps5623\" style=\"width:279.75pt\"> million on the embedded bondholders\u2019 conversion options was</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:351.55pt\">reported as \u201cFinance income\u201d in the consolidated income statement ended </span><span class=\"f charStyle-58d8bcbe ps14449\" style=\"width:91.77pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14450\" style=\"width:24.57pt\">. The</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.43pt\">change in fair value amounting to $</span><span class=\"f charStyle-58d8bcbe ps8163\" style=\"width:5.56pt\">2</span><span class=\"f charStyle-58d8bcbe ps14451\" style=\"width:294.97pt\"> million on the embedded issuer\u2019s call options was reported as</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.87pt\">\u201cFinance loss\u201d in the consolidated income statement ended </span><span class=\"f charStyle-58d8bcbe ps14452\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14453\" style=\"width:2.77pt\">.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The model used to price the derivative instruments embedded in the senior unsecured convertible bonds</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:364.6pt\">issued on August 4, 2020 (Tranche A and Tranche B) included the following inputs:</span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.59pt\">the risk-free interest rate for comparable maturities;</span><span class=\"f charStyle-58d8bcbe ps14454\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the reference price for the Company\u2019s ordinary shares as traded on the New York Stock</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:47.23pt\">Exchange;</span><span class=\"f charStyle-58d8bcbe ps14455\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:81.1pt\">the exercise price;</span><span class=\"f charStyle-58d8bcbe ps14456\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:413.67pt\">the dividend expected to be paid on the Company\u2019s ordinary shares over the life of the option;</span><span class=\"f charStyle-58d8bcbe ps14457\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:226.45pt\">the volatility of the Company\u2019s ordinary shares; and</span><span class=\"f charStyle-58d8bcbe ps14458\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:113.31pt\">the duration of the option.</span><span class=\"f charStyle-58d8bcbe ps14459\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Sensitivity to the share price variations is further described in Note 7.6.38. Implied volatility should be</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">considered an unobservable input due to the lack of market data (stock exchange listing of the bond</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">option) for a time horizon equal to the duration of the option. The figure is, therefore, an assumption</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">based on the volatility implied by the price of the financial instrument, as negotiated at the issue stage,</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.49pt\">and market volatility for the nearest time horizon.</span><span class=\"f charStyle-58d8bcbe ps14460\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The prices of the bondholders\u2019 conversion options are sensitive to implied volatility. The table below</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">shows a sensitivity analysis of the net carrying amount of the embedded conversion options in relation to</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.55pt\">a series of changes expressed in percentage point terms of volatility.</span></div><div class=\"ps4550 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:211.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in volatility of the Company\u2019s <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">ordinary shares</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14464 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14463\">-10 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13351 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14465\">- 8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps14466\">-5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14467 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2778 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps9433\">+8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8038 ss1133\"><div><div class=\"ps14461 ss286\"><span class=\"f charStyle-c2d5035f ps14468\">+10 <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss286\"><span class=\"f charStyle-c2d5035f ps14469\">p.p.</span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2715 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in the net carrying amount of the <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">bondholders\u2019 conversion options</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14471 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14472 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(11)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14474 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:24.15pt\"></span></span><span class=\"ps14473\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14476 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14478 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14479 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1134\"><div><div class=\"ps14480 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net carrying amount of the embedded <span class=\"f ps26\"> </span></span></div><div class=\"ps14481 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">conversion options</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14482 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14483 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:27.48pt\"></span></span><span class=\"ps14475\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14484 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14485 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">27<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14486 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14487 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">36<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">For financial assets measured at fair value using significant unobservable inputs (Level 3), the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.11pt\">reconciliation between January\u00a01, </span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14417\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps5937\" style=\"width:106.64pt\"> is presented as follows:</span><span class=\"f charStyle-58d8bcbe ps14418\" style=\"width:2.77pt\"> </span></div><div class=\"ps14503 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:275.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:189.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1137\"><div><div class=\"ps11859 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14492 ss1138\"><div><div class=\"ps8550 ss706\"><span class=\"f charStyle-8ec81ad0 ps14490\">Fair value measurements using<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss706\"><span class=\"f charStyle-8ec81ad0 ps14491\">significant unobservable inputs (Level\u00a0 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1139\"><div><div class=\"ps6208 ss1136\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of January 1, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14494 ss1140\"><div><div class=\"ps6208 ss706\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:173.38pt\"></span></span><span class=\"ps14493\">70<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1141\"><div><div class=\"ps11315 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Change in fair value of the embedded call option of the senior <span class=\"f ps26\"> </span></span></div><div class=\"ps14495 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">unsecured convertible bonds issued on August 4, 2020 (Tranche </span></div><div class=\"ps14496 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">A and Tranche B)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14498 ss1142\"><div><div class=\"ps14495 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:170.39pt\"></span></span><span class=\"ps14497\">(46)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8250 ss1137\"><div><div class=\"ps8552 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Change in fair value of unquoted equity securities measured at <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">FVOCI</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14500 ss1138\"><div><div class=\"ps11840 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:175.39pt\"></span></span><span class=\"ps14499\">(2)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10599 ss1139\"><div><div class=\"ps6208 ss1136\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14501 ss1140\"><div><div class=\"ps6208 ss706\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:173.38pt\"></span></span><span class=\"ps14493\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5137 ss1137\"><div><div class=\"ps8552 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Amount of net gains included in the 2024 income statement<span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">attributable to assets still held at the reporting date<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14502 ss1138\"><div><div class=\"ps11840 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:170.39pt\"></span></span><span class=\"ps14497\">(46)</span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">For financial liabilities measured at fair value using significant unobservable inputs (Level 3), the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:151.11pt\">reconciliation between January\u00a01, </span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14417\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps12693\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps5937\" style=\"width:106.64pt\"> is presented as follows:</span><span class=\"f charStyle-58d8bcbe ps14418\" style=\"width:2.77pt\"> </span></div><div class=\"ps9328 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:275.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:189.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1137\"><div><div class=\"ps11859 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14492 ss1138\"><div><div class=\"ps8550 ss706\"><span class=\"f charStyle-8ec81ad0 ps14490\">Fair value measurements using<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss706\"><span class=\"f charStyle-8ec81ad0 ps14491\">significant unobservable inputs (Level\u00a0 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1139\"><div><div class=\"ps6208 ss1136\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of January 1, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14494 ss1140\"><div><div class=\"ps6208 ss706\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:165.39pt\"></span></span><span class=\"ps14504\">(530)</span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1141\"><div><div class=\"ps11315 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Change in fair value of the embedded conversion option of the <span class=\"f ps26\"> </span></span></div><div class=\"ps14495 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">senior unsecured convertible bonds issued on August 4, 2020 </span></div><div class=\"ps14496 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">(Tranche A and Tranche B)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14498 ss1142\"><div><div class=\"ps14495 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:168.38pt\"></span></span><span class=\"ps14505\">477<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8250 ss1139\"><div><div class=\"ps6208 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Payments made in connection with business acquisitions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14500 ss1140\"><div><div class=\"ps6208 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:178.38pt\"></span></span><span class=\"ps14506\">5<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps711 ss1139\"><div><div class=\"ps6208 ss1136\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14507 ss1140\"><div><div class=\"ps6208 ss706\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:170.39pt\"></span></span><span class=\"ps14497\">(48)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8607 ss1137\"><div><div class=\"ps8552 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">Amount of net losses included in the 2024 income statement<span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1136\"><span class=\"f charStyle-dd7c1b62 ps2240\">attributable to liabilities still held at the reporting date<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14508 ss1138\"><div><div class=\"ps11840 ss706\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:168.38pt\"></span></span><span class=\"ps14505\">477<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The following table shows the impact on the income statement of the valuation of the embedded</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2746 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:178.86pt\">derivative instruments outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14437\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps3527\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps14438\" style=\"width:2.77pt\"> </span></div><div class=\"ps14515 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:285pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:180pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss988\"><div><div class=\"ps45 ss987\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss988\"><div><div class=\"ps2232 ss987\"><span class=\"f charStyle-a9f4bb30 ps2240\">Asset (liability) value as of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14511 ss1144\"><div><div class=\"ps45 ss1143\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:153.28pt\"></span></span><span class=\"ps14510\">(462)</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1145\"><div><div class=\"ps2232 ss987\"><span class=\"f charStyle-c2d5035f ps2240\">Gains (losses) recognized in the consolidated income <span class=\"f ps26\"> </span></span></div><div class=\"ps2672 ss987\"><span class=\"f charStyle-c2d5035f ps2240\">statement<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14513 ss1146\"><div><div class=\"ps2673 ss1143\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:156.61pt\"></span></span><span class=\"ps14512\">431<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2719 ss988\"><div><div class=\"ps2232 ss987\"><span class=\"f charStyle-a9f4bb30 ps2240\">Asset (liability) value as of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14514 ss1144\"><div><div class=\"ps45 ss1143\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:158.84pt\"></span></span><span class=\"ps1745\">(31)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2689 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The change in fair value amounting to $46 million on the embedded bondholders\u2019 conversion option was</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2690 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:349.55pt\">reported as \u201cFinance costs\u201d in the consolidated income statement ended </span><span class=\"f charStyle-58d8bcbe ps14516\" style=\"width:93.15pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14517\" style=\"width:25.26pt\">. The</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">change in fair value amounting to $477 million on the embedded issuer\u2019s call option was reported as</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2692 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.32pt\">\u201cFinance income\u201d in the consolidated income statement ended </span><span class=\"f charStyle-58d8bcbe ps14518\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps13881\" style=\"width:2.77pt\">.</span></div><div class=\"ps14521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.84pt\">The table below shows a sensitivity analysis as of </span><span class=\"f charStyle-58d8bcbe ps14519\" style=\"width:89.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14520\" style=\"width:151.03pt\"> of the net carrying amount of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2695 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">embedded conversion options in relation to a series of changes expressed in percentage point terms of</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:37.57pt\">volatility.</span></div><div class=\"ps14522 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:211.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in volatility of the Company\u2019s <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">ordinary shares</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14464 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps52\">-10 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13351 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps52\">- 8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps52\">-5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14467 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps52\">+5 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2778 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f ps52\">+8 p.p.<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8038 ss1133\"><div><div class=\"ps14461 ss286\"><span class=\"f charStyle-c2d5035f ps52\">+10 <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss286\"><span class=\"f charStyle-c2d5035f ps52\">p.p.</span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2715 ss1132\"><div><div class=\"ps14461 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">Change in the net carrying amount of the <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1131\"><span class=\"f charStyle-c2d5035f ps2240\">bondholders\u2019 conversion options</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14471 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14472 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(18)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14474 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.59pt\"></span></span><span class=\"ps14470\">(12)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14476 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14478 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">23<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14479 ss1133\"><div><div class=\"ps11839 ss286\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1134\"><div><div class=\"ps14480 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net carrying amount of the embedded <span class=\"f ps26\"> </span></span></div><div class=\"ps14481 ss1131\"><span class=\"f charStyle-a9f4bb30 ps2240\">conversion options</span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14482 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14483 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14484 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14485 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">47<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14486 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14487 ss1135\"><div><div class=\"ps70 ss286\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:21.92pt\"></span></span><span class=\"ps14477\">62<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-475": {
   "value": "<div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.83pt\">Set out below is a comparison by class of the carrying amounts and fair value of the Group\u2019s financial</span><span class=\"f charStyle-58d8bcbe ps2168\" style=\"width:2.77pt\"> </span></div><div class=\"ps2218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301.61pt\">instruments that are carried in the consolidated financial statements.</span><span class=\"f charStyle-58d8bcbe ps14150\" style=\"width:2.77pt\"> </span></div><div class=\"ps14241 ss0\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13503 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14151\">Carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14153 ss1106\"><div><div class=\"ps11352 ss420\"><span class=\"f charStyle-8ec81ad0 ps14152\">Fair value<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1107\"><div><div class=\"ps11859 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14155 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14156 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14157 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14158 ss1108\"><div><div class=\"ps8550 ss485\"><span class=\"f charStyle-8ec81ad0 ps52\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss485\"><span class=\"f charStyle-8ec81ad0 ps14154\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2718 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2260 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Short-term deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14160 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14161 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14162 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14163 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,450<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11368 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14164 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14165 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14166 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14167 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8599 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other receivables and assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14168 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14170 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14171 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,392<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14172 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">997<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Quoted financial instruments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14173 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14174 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14175 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,150<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14176 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,540<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4146 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Unquoted equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14178 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14179 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14180 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14181 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7806 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Embedded call option - Senior unsecured <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">(Tranche B)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14182 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14184 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14185 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14186 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13442 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14187 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14188 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14189 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">76<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14190 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2680 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Cash equivalents </span><span class=\"f charStyle-2564f1f4 ps14191\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14192 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14193 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14194 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">2,264<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14195 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,611<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6597 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-8ec81ad0 ps52\">Financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2823 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Interest-bearing loans and borrowings (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">senior unsecured convertible bonds)</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14196 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14197 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14198 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,282<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14199 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,391<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:27.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14202 ss1111\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-d8513eed ps52\">Senior unsecured convertible bonds issued on </span></div><div class=\"ps14201 ss416\"><span class=\"f charStyle-d8513eed ps52\">August 4, 2020 </span><span class=\"f charStyle-55c9a6b0 ps14200\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14203 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">728<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14204 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,457<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14205 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">731<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14206 ss1112\"><div><div class=\"ps12218 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,442<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7327 ss428\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche A) </span><span class=\"f charStyle-2564f1f4 ps14207\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14208 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14209 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14210 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14211 ss1110\"><div><div class=\"ps9571 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.38pt\"></span></span><span class=\"ps14183\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:33.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12003 ss1113\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-950062ca ps52\">Embedded conversion option - Senior unsecured </span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-950062ca ps52\">convertible bonds issued on August 4, 2020 </span></div><div class=\"ps10311 ss416\"><span class=\"f charStyle-950062ca ps52\">(Tranche B) </span><span class=\"f charStyle-2564f1f4 ps14212\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14214 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14215 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14216 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14217 ss1114\"><div><div class=\"ps14213 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13616 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Finance leases <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14218 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14219 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14220 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">324<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14221 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">280<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13619 ss1107\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Contingent consideration on business <span class=\"f ps26\"> </span></span></div><div class=\"ps9572 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">acquisitions</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14222 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14223 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14224 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">18<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14225 ss1108\"><div><div class=\"ps11859 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14226 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14227 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14228 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14229 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,487<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14230 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.88pt\"></span></span><span class=\"ps14159\">1,323<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14231 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14232 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14233 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14234 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">506<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14235 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:42.38pt\"></span></span><span class=\"ps14169\">420<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14236 ss1109\"><div><div class=\"ps99 ss416\"><span class=\"f charStyle-dd7c1b62 ps52\">Derivative financial liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14237 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14238 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14239 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">14<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14240 ss488\"><div><div class=\"ps11352 ss485\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:47.38pt\"></span></span><span class=\"ps14177\">89<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:11.98pt\">(1) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps1808\" style=\"width:438.2pt\">Cash equivalents primarily correspond to deposits at call with banks, money market funds and other short-term investments.</span></span><span class=\"f charStyle-3452d124 ps14242\" style=\"width:2.22pt\"> </span></div><div class=\"ps14246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124\"><span class=\"ps47\" style=\"width:12.14pt\">(2) <span style=\"display:inline-block;height:5.82pt;width:6.02pt\"></span></span><span class=\"ps14244\" style=\"width:399.37pt\">The carrying amount of the senior unsecured convertible bonds issued on August 4, 2020 and outstanding as of </span></span><span class=\"f charStyle-3452d124 ps14245\" style=\"width:50.33pt\">December\u00a031,</span><span class=\"f charStyle-3452d124 ps1675\" style=\"width:2.22pt\"> </span></div><div class=\"ps14250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:17.76pt\">2025</span><span class=\"f charStyle-3452d124 ps14247\" style=\"width:17.76pt\"> and </span><span class=\"f charStyle-3452d124 ps14248\" style=\"width:70.15pt\">December\u00a031, 2024</span><span class=\"f charStyle-3452d124 ps14249\" style=\"width:344.32pt\"> corresponds to the liability component only, since, at initial recognition, an amount of $219\u00a0million</span><span class=\"f charStyle-3452d124 ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps14251 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.98pt\">was separately recognized as embedded derivative financial instruments. The fair value of the senior convertible bonds</span><span class=\"f charStyle-3452d124 ps1715\" style=\"width:2.22pt\"> </span></div><div class=\"ps14253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:178.9pt\">includes the fair value of all embedded derivatives.</span><span class=\"f charStyle-3452d124 ps14252\" style=\"width:2.22pt\"> </span></div><div class=\"ps14255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial assets and liabilities are included at the price at which the instrument could be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sold in an orderly transaction between market participants at the measurement date. The following</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.3pt\">methods and assumptions were used to estimate fair value:</span><span class=\"f charStyle-58d8bcbe ps14257\" style=\"width:2.77pt\"> </span></div><div class=\"ps14259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">for trade accounts receivable, cash equivalents, short-term deposits, trade accounts payable,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other payables and accrued liabilities, the carrying amounts reflected in the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">statements are reasonable estimates of fair value due to the relatively short period of time</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.63pt\">between the origination of the instruments and their expected realization.</span><span class=\"f charStyle-58d8bcbe ps14262\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other receivables and assets approximate their carrying amounts due either to their short-term</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:317.67pt\">maturities or to the fact that they are recorded at their net present value.</span><span class=\"f charStyle-58d8bcbe ps14264\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:218.3pt\">financial investments (debt and equity securities):</span><span class=\"f charStyle-58d8bcbe ps14265\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">the fair value of quoted debt and equity securities is determined based upon quoted market</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:137.74pt\">prices for identical instruments;</span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.87pt\">the fair value of unquoted equity securities is based on the valuation of the underlying</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:312.19pt\">instruments on a new round of third-party financing or upon liquidation;</span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the fair value of interest-bearing loans and borrowings, including lease liabilities but excluding</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">senior unsecured convertible bonds, is determined by estimating future cash flows on a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">borrowing-by-borrowing basis and discounting these future cash flows using the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:274.39pt\">incremental borrowing rates for similar types of arrangements;</span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">the senior unsecured convertible bonds issued on August 4, 2020, and outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:88.05pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14266\" style=\"width:25.25pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14267\" style=\"width:88.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14268\" style=\"width:230.61pt\">, have been trading on the open market segment on</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the Frankfurt Stock Exchange since issuance. The fair value of these instruments is the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:200.53pt\">observable price of the bonds on that market;</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">the fair value of derivative instruments is determined based upon quoted market prices for similar</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:73.88pt\">instruments; and</span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the bondholders\u2019 conversion option and the issuer\u2019s soft call embedded in the senior unsecured</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">convertible bonds are measured at fair value based on the income approach using Bloomberg\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">option pricing model, which can be assimilated to a Black &amp; Scholes model for pricing stock</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">options. This model has been elected as the best indication of fair value since it maximizes the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:175pt\">use of observable market-based inputs.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-474": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.14.5. Fair values <span id=\"i4bd654b7ec014167a9ff33ce24f34f6a\"></span></span></div><div class=\"ps14255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The fair value of financial assets and liabilities are included at the price at which the instrument could be</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">sold in an orderly transaction between market participants at the measurement date. The following</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:263.3pt\">methods and assumptions were used to estimate fair value:</span><span class=\"f charStyle-58d8bcbe ps14257\" style=\"width:2.77pt\"> </span></div><div class=\"ps14259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">for trade accounts receivable, cash equivalents, short-term deposits, trade accounts payable,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other payables and accrued liabilities, the carrying amounts reflected in the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">statements are reasonable estimates of fair value due to the relatively short period of time</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.63pt\">between the origination of the instruments and their expected realization.</span><span class=\"f charStyle-58d8bcbe ps14262\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">other receivables and assets approximate their carrying amounts due either to their short-term</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:317.67pt\">maturities or to the fact that they are recorded at their net present value.</span><span class=\"f charStyle-58d8bcbe ps14264\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:218.3pt\">financial investments (debt and equity securities):</span><span class=\"f charStyle-58d8bcbe ps14265\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">the fair value of quoted debt and equity securities is determined based upon quoted market</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:137.74pt\">prices for identical instruments;</span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.87pt\">the fair value of unquoted equity securities is based on the valuation of the underlying</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:312.19pt\">instruments on a new round of third-party financing or upon liquidation;</span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the fair value of interest-bearing loans and borrowings, including lease liabilities but excluding</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.89pt\">senior unsecured convertible bonds, is determined by estimating future cash flows on a</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">borrowing-by-borrowing basis and discounting these future cash flows using the Group\u2019s</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:274.39pt\">incremental borrowing rates for similar types of arrangements;</span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">the senior unsecured convertible bonds issued on August 4, 2020, and outstanding as of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:88.05pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14266\" style=\"width:25.25pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14267\" style=\"width:88.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14268\" style=\"width:230.61pt\">, have been trading on the open market segment on</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">the Frankfurt Stock Exchange since issuance. The fair value of these instruments is the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:200.53pt\">observable price of the bonds on that market;</span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">the fair value of derivative instruments is determined based upon quoted market prices for similar</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:73.88pt\">instruments; and</span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">the bondholders\u2019 conversion option and the issuer\u2019s soft call embedded in the senior unsecured</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.94pt\">convertible bonds are measured at fair value based on the income approach using Bloomberg\u2019s</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">option pricing model, which can be assimilated to a Black &amp; Scholes model for pricing stock</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:432pt\">options. This model has been elected as the best indication of fair value since it maximizes the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:175pt\">use of observable market-based inputs.</span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:94.4pt\">Fair value hierarchy</span><span class=\"f charStyle-a745408e ps1428\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group uses the following hierarchy for determining and disclosing the fair value of financial</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.66pt\">instruments by valuation technique:</span><span class=\"f charStyle-58d8bcbe ps14269\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:371.03pt\">level\u00a01: quoted (unadjusted) prices in active markets for identical assets or liabilities.</span><span class=\"f charStyle-58d8bcbe ps14270\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">level\u00a02: other techniques for which all inputs which have a significant effect on the recorded fair</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:213.67pt\">value are observable, either directly or indirectly.</span><span class=\"f charStyle-58d8bcbe ps14271\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">level\u00a03: techniques which use inputs which have a significant effect on the recorded fair value that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:182.23pt\">are not based on observable market data</span><span class=\"f charStyle-58d8bcbe ps14272\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14273\" style=\"width:2.77pt\"> </span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">For assets and liabilities that are recognized in the financial statements at fair value on a recurring basis,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">categorization (based on the lowest level input that is significant to the fair value measurement as a</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1873 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.76pt\">whole) at the end of each reporting period.</span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-479": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><span class=\"f charStyle-a745408e ps14524\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.73pt\">Other non-current assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14525\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">541<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">375<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other receivables from government agencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Research tax credit receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">339<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">231<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Prepayments and deposits to third parties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group holds long-term receivables with the objective to collect the contractual cash flows and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">therefore, these receivables are measured subsequently at amortized cost using the effective interest</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">method.</span></div><div class=\"ps14532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:299.91pt\">Public funding receivables correspond to receivables related to </span><span class=\"f charStyle-58d8bcbe ps14530\" style=\"width:26.12pt\">public</span><span class=\"f charStyle-58d8bcbe ps14531\" style=\"width:141.89pt\"> funding scheme for research,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps9595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:287.74pt\">development, innovation and first industrial deployment activities.</span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.12pt\">In </span><span class=\"f charStyle-58d8bcbe ps14533\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14534\" style=\"width:24.26pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14535\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14536\" style=\"width:387.07pt\">, the Group entered into factoring transactions to accelerate the realization in cash of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">certain long-term receivables. The Group sold without recourse $66 million and $87 million of these</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:146.24pt\">receivables in the years ended </span><span class=\"f charStyle-58d8bcbe ps14537\" style=\"width:90.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14538\" style=\"width:25.38pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14539\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14540\" style=\"width:183.04pt\"> respectively, with a financial cost of $2<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.35pt\">million and $4 million respectively.</span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Prepayments and deposits to third parties relate to long-term supply agreements involving purchase of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.27pt\">raw materials, capacity commitments, cloud-hosting arrangements, and other services.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.88pt\">The carrying amounts of the Group\u2019s non-current assets are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps14544\" style=\"width:2.77pt\"> </span></div><div class=\"ps14546 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">228<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">982<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">691<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-478": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><span class=\"f charStyle-a745408e ps14524\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.73pt\">Other non-current assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14525\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">541<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">375<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other receivables from government agencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Research tax credit receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">339<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">231<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Prepayments and deposits to third parties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group holds long-term receivables with the objective to collect the contractual cash flows and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">therefore, these receivables are measured subsequently at amortized cost using the effective interest</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">method.</span></div><div class=\"ps14532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:299.91pt\">Public funding receivables correspond to receivables related to </span><span class=\"f charStyle-58d8bcbe ps14530\" style=\"width:26.12pt\">public</span><span class=\"f charStyle-58d8bcbe ps14531\" style=\"width:141.89pt\"> funding scheme for research,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps9595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:287.74pt\">development, innovation and first industrial deployment activities.</span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.12pt\">In </span><span class=\"f charStyle-58d8bcbe ps14533\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14534\" style=\"width:24.26pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14535\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14536\" style=\"width:387.07pt\">, the Group entered into factoring transactions to accelerate the realization in cash of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">certain long-term receivables. The Group sold without recourse $66 million and $87 million of these</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:146.24pt\">receivables in the years ended </span><span class=\"f charStyle-58d8bcbe ps14537\" style=\"width:90.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14538\" style=\"width:25.38pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14539\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14540\" style=\"width:183.04pt\"> respectively, with a financial cost of $2<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.35pt\">million and $4 million respectively.</span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Prepayments and deposits to third parties relate to long-term supply agreements involving purchase of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.27pt\">raw materials, capacity commitments, cloud-hosting arrangements, and other services.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.88pt\">The carrying amounts of the Group\u2019s non-current assets are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps14544\" style=\"width:2.77pt\"> </span></div><div class=\"ps14546 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">228<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">982<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">691<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps5433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The carrying amounts of the Group\u2019s other receivables and assets are denominated in the following</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:48.89pt\">currencies:</span><span class=\"f charStyle-58d8bcbe ps14683\" style=\"width:2.77pt\"> </span></div><div class=\"ps14684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">445<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">302<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6179 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The maximum exposure to credit risk was the fair value of other receivables and assets, net of expected<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:85.52pt\">credit losses, as of </span><span class=\"f charStyle-58d8bcbe ps14685\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14687\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-477": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.15. Other non-current assets<span id=\"ibe66c0acd96740d8844e32508ca3ab95\"></span></span><span class=\"f charStyle-a745408e ps14524\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.73pt\">Other non-current assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14525\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">541<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">375<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other receivables from government agencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Research tax credit receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">339<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">231<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Prepayments and deposits to third parties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">213<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">58<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group holds long-term receivables with the objective to collect the contractual cash flows and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">therefore, these receivables are measured subsequently at amortized cost using the effective interest</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">method.</span></div><div class=\"ps14532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:299.91pt\">Public funding receivables correspond to receivables related to </span><span class=\"f charStyle-58d8bcbe ps14530\" style=\"width:26.12pt\">public</span><span class=\"f charStyle-58d8bcbe ps14531\" style=\"width:141.89pt\"> funding scheme for research,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps9595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:287.74pt\">development, innovation and first industrial deployment activities.</span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.12pt\">In </span><span class=\"f charStyle-58d8bcbe ps14533\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14534\" style=\"width:24.26pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14535\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14536\" style=\"width:387.07pt\">, the Group entered into factoring transactions to accelerate the realization in cash of</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">certain long-term receivables. The Group sold without recourse $66 million and $87 million of these</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:146.24pt\">receivables in the years ended </span><span class=\"f charStyle-58d8bcbe ps14537\" style=\"width:90.95pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14538\" style=\"width:25.38pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14539\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14540\" style=\"width:183.04pt\"> respectively, with a financial cost of $2<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:150.35pt\">million and $4 million respectively.</span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Prepayments and deposits to third parties relate to long-term supply agreements involving purchase of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:383.27pt\">raw materials, capacity commitments, cloud-hosting arrangements, and other services.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The major portion of other long-term receivables to which the expected credit loss model applies are long-<span class=\"f ps26\"> </span></span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">term State receivables. Due to the existing history of zero-default on receivables originated by<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.37pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14541\" style=\"width:89.21pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14542\" style=\"width:26.41pt\">, and </span><span class=\"f charStyle-58d8bcbe ps14543\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Other non-current assets presented in the table above on the line \"Other non-current assets\" are</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">composed of individually not significant amounts not deemed to have exposure of default. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps5735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:460.51pt\">no significant expected credit loss allowance was reported on other non-current assets at reporting date.<span class=\"f ps26\"> </span></span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.88pt\">The carrying amounts of the Group\u2019s non-current assets are denominated in the following currencies:</span><span class=\"f charStyle-58d8bcbe ps14544\" style=\"width:2.77pt\"> </span></div><div class=\"ps14546 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps2714 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">228<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">982<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">691<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:77.73pt\"></span></span><span class=\"ps14545\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,218<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">905<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps5433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The carrying amounts of the Group\u2019s other receivables and assets are denominated in the following</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:48.89pt\">currencies:</span><span class=\"f charStyle-58d8bcbe ps14683\" style=\"width:2.77pt\"> </span></div><div class=\"ps14684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">445<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">302<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6179 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The maximum exposure to credit risk was the fair value of other receivables and assets, net of expected<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:85.52pt\">credit losses, as of </span><span class=\"f charStyle-58d8bcbe ps14685\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14687\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-480": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.16. Inventories <span id=\"i92aee0ae05f34f99b91da7101bff9dc0\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:142.75pt\">Inventories consisted of the follo</span><span class=\"f charStyle-58d8bcbe ps14548\" style=\"width:23.33pt\">wing:<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12472\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Raw materials<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">418<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">348<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Work-in-process<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,841<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,696<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Finished products<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">872<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">762<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">3,131<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,806<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:408.87pt\">Write-offs of inventories were recognized in cost of sales as an expense and amounted to $</span><span class=\"f charStyle-58d8bcbe ps14553\" style=\"width:16.68pt\">108</span><span class=\"f charStyle-58d8bcbe ps14554\" style=\"width:42.37pt\"> million in</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:7.11pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14555\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps1507\" style=\"width:416.37pt\">: $92 million). Further impact related to inventories on the consolidated income statement is</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4363 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:106.1pt\">provided in Note 7.6.28.</span></div><div class=\"ps14558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:419.41pt\">The carrying amount of inventories is presented net of a reserve for obsolescence items of $</span><span class=\"f charStyle-58d8bcbe ps14556\" style=\"width:16.68pt\">220</span><span class=\"f charStyle-58d8bcbe ps14557\" style=\"width:31.88pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps13230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:24.43pt\">as of </span><span class=\"f charStyle-58d8bcbe ps14559\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7831\" style=\"width:6.1pt\"> (</span><span class=\"f charStyle-58d8bcbe ps14560\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14561\" style=\"width:64.98pt\">: $167 million).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-481": {
   "value": "<div class=\"ps13243 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.17. Trade accounts receivable<span id=\"i3a6b17c89c6e4c9b84b3cc72224815dd\"></span></span><span class=\"f charStyle-a745408e ps14562\"> </span></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:234.05pt\">Trade accounts receivable consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14563\" style=\"width:2.77pt\"> </span></div><div class=\"ps14568 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Trade accounts receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,767<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,768<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13215 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:68.84pt\"></span></span><span class=\"ps14565\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13216 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:68.84pt\"></span></span><span class=\"ps14565\">(19)</span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10941 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14566 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,745<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14567 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,749<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Trade receivables are amounts due from customers for goods sold or services performed in the ordinary</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps7539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">course of business. Trade receivables are non-interest bearing with payment terms that typically range</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:37.79pt\">between</span><span class=\"f charStyle-58d8bcbe ps14569\" style=\"width:74.52pt\"> 30 and 90 days</span><span class=\"f charStyle-58d8bcbe ps14570\" style=\"width:355.6pt\">. They are all classified as current. The Group holds the trade receivables with</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the objective to collect the contractual cash flows and, therefore, trade receivables are measured</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps14572 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">subsequently at amortized cost. The Group does not expect to have any significant contracts where the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">period between the transfer of the promised goods or services to the customer and payment by the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14574 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">customer exceeds one year. As a consequence, the Group does not adjust any of the transaction prices</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">for the time value of money and no significant transaction with customers includes significant financing</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">component. Due to the short-term nature of trade receivables, their carrying amount is considered to be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14578 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.74pt\">the same as their fair value.</span><span class=\"f charStyle-58d8bcbe ps14577\" style=\"width:2.77pt\"> </span></div><div class=\"ps14579 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.38, the Group monitors the creditworthiness of its customers to which it grants<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">credit terms in the normal course of business. If certain customers are independently rated, these ratings</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">customer, considering its financial position, past experience and other factors. Individual risk limits are set</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">based on internal and external ratings in accordance with limits set by management. The utilization of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:365.99pt\">credit limits is regularly monitored. Sales to customers are primarily settled in cash.</span><span class=\"f charStyle-58d8bcbe ps12712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group uses a lifetime expected loss allowance for all trade receivables based on failure rates, as</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">applied to the gross amounts of trade accounts receivable. The model includes reasonable assumptions</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">about future credit trends. The historical loss rates are adjusted to reflect current and forward-looking</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps4406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">information on macro-economic factors affecting the ability of the Group\u2019s customers to settle the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">receivables. In addition to the factors already embedded in the failure rates, as applied on trade accounts</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">receivable, the Group has identified cyclicality and uncertainties around continued growth for the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">semiconductor industry and its serviceable available market to be the most relevant factors. These</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">macro-economic factors are weighted into different economic scenarios, in line with estimates and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">methodologies applied by other business entities, including financial institutions. These scenarios range</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">from upside scenario (above-trend economic growth) to severe downside (recession). On that basis, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:92.21pt\">loss allowance as of </span><span class=\"f charStyle-58d8bcbe ps14585\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps897\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1931\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1514\" style=\"width:122.75pt\"> was determined as follows:</span><span class=\"f charStyle-58d8bcbe ps14586\" style=\"width:2.77pt\"> </span></div><div class=\"ps2803 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss40 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:200.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8585 ss1154\"><div><div class=\"ps11352 ss1153\"><span class=\"f charStyle-8ec81ad0 ps14587\">Past due<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss428\"><div><div class=\"ps9571 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14588 ss1155\"><div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9713\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8875 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14589\">No<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6242\">past-due<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14591 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps9683\">Less <span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps14590\">than</span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps6202\">a month<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4813 ss1155\"><div><div class=\"ps8495 ss158\"><span class=\"f charStyle-8ec81ad0 ps10315\">Between<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps6240\">1 and 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14592 ss1155\"><div><div class=\"ps8493 ss158\"><span class=\"f charStyle-8ec81ad0 ps11296\">Over 6<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss158\"><span class=\"f charStyle-8ec81ad0 ps9792\">months<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5119 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14593 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14596 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14597 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14599 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14600 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14601 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,767<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14602 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,679<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14603 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">77<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14605 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">8<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14606 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">3<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14608 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14610 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14612 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14613 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14614 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(3)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2730 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14615 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14616 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,662<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14617 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">76<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14618 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">7<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14620 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8698 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12335 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Expected loss rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14621 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14622 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14594\"></span><span class=\"ps14594\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14623 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps14598\"></span><span class=\"ps14598\">10<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14624 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps12999\"></span><span class=\"ps12999\">100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span><span class=\"ps14595\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12341 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Gross carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14625 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,768<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14626 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,690<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13772 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">73<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14627 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14628 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">1<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2814 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Loss allowance<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14629 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.89pt\"></span></span><span class=\"ps14607\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14630 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:16.89pt\"></span></span><span class=\"ps14609\">(17)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14631 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14632 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14633 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:21.89pt\"></span></span><span class=\"ps14611\">(1)<span style=\"display:inline-block;height:6.55pt;width:8pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8727 ss1109\"><div><div class=\"ps6208 ss416\"><span class=\"f charStyle-dd7c1b62 ps2240\">Trade receivables \u2013 Net carrying amount<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14634 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:15.38pt\"></span></span><span class=\"ps13014\">1,749<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14635 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:7.38pt\"></span></span><span class=\"ps11860\">1,673<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14636 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:19.88pt\"></span></span><span class=\"ps13041\">72<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14637 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:24.88pt\"></span></span><span class=\"ps14604\">4<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14638 ss1156\"><div><div class=\"ps6208 ss158\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:20.88pt\"></span></span><span class=\"ps14619\">\u2014<span style=\"display:inline-block;height:6.55pt;width:10.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:259.41pt\">The loss allowance for trade accounts receivable as of </span><span class=\"f charStyle-58d8bcbe ps14639\" style=\"width:91.37pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14640\" style=\"width:25.8pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps12742\" style=\"width:91.37pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.32pt\">reconcile to the opening loss allowance as follows:</span></div><div class=\"ps13253 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:87.75pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1157\"><div><div class=\"ps14641 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14644 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14645 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14646 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4157 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14648 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5480 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14649 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12772 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Additions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14650 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:75.48pt\"></span></span><span class=\"ps7046\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss930\"><div><div class=\"ps45 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Reversals<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14651 ss1160\"><div><div class=\"ps45 ss1158\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.15pt\"></span></span><span class=\"ps14647\">(4)</span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13540 ss932\"><div><div class=\"ps5101 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">As of December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14652 ss1159\"><div><div class=\"ps5101 ss1158\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:69.92pt\"></span></span><span class=\"ps14643\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:129.99pt\">Gross trade accounts receiva</span><span class=\"f charStyle-58d8bcbe ps14653\" style=\"width:30.56pt\">ble are</span><span class=\"f charStyle-58d8bcbe ps14654\" style=\"width:181.1pt\"> denominated in the following currencies:<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14655\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14667 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:292.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1162\"><div><div class=\"ps9104 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10052 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11354 ss1164\"><div><div class=\"ps12579 ss1163\"><span class=\"f charStyle-a9f4bb30 ps11869\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss1163\"><span class=\"f charStyle-a9f4bb30 ps13572\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14657 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,614<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14658 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,622<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1167\"><div><div class=\"ps45 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14660 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14661 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.92pt\"></span></span><span class=\"ps14659\">43<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1167\"><div><div class=\"ps8645 ss1161\"><span class=\"f charStyle-c2d5035f ps2240\">Japanese Yen<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14663 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">118<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14664 ss1168\"><div><div class=\"ps45 ss1163\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.36pt\"></span></span><span class=\"ps14662\">103<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14432 ss1165\"><div><div class=\"ps5101 ss1161\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14665 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,767<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14666 ss1166\"><div><div class=\"ps5101 ss1163\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.03pt\"></span></span><span class=\"ps14656\">1,768<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The maximum exposure to credit risk was the fair value of trade accounts receivable, net of expected</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps4799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:82.75pt\">credit losses as of </span><span class=\"f charStyle-58d8bcbe ps14668\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14669\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14670\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps5433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The carrying amounts of the Group\u2019s other receivables and assets are denominated in the following</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:48.89pt\">currencies:</span><span class=\"f charStyle-58d8bcbe ps14683\" style=\"width:2.77pt\"> </span></div><div class=\"ps14684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">445<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">302<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6179 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The maximum exposure to credit risk was the fair value of other receivables and assets, net of expected<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:85.52pt\">credit losses, as of </span><span class=\"f charStyle-58d8bcbe ps14685\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14687\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-482": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps5423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The Group applies a forward-looking expected credit losses model on all financial assets measured at</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">amortized cost, excluding trade accounts receivable. The major portion of other receivables and assets to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5424 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">which this expected credit loss model applies corresponds to governmental receivables. Due to the short</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps5425 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">maturity of these receivables and the existing history of zero-default on receivables originated by</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:350.05pt\">governments, the expected credit loss is assumed to be negligible as of </span><span class=\"f charStyle-58d8bcbe ps14676\" style=\"width:92.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14677\" style=\"width:24.82pt\">, and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:66.49pt\">December 31, </span><span class=\"f charStyle-58d8bcbe ps14678\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14679\" style=\"width:379.22pt\">. Other receivables, excluding receivables from government agencies, are composed</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of individually insignificant amounts at exposure of default. Consequently, no significant loss allowance</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:228.87pt\">was reported on other receivables and assets as of </span><span class=\"f charStyle-58d8bcbe ps14680\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps7190\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14682\" style=\"width:2.77pt\">.</span></div><div class=\"ps5433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The carrying amounts of the Group\u2019s other receivables and assets are denominated in the following</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:48.89pt\">currencies:</span><span class=\"f charStyle-58d8bcbe ps14683\" style=\"width:2.77pt\"> </span></div><div class=\"ps14684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">445<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">302<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2293 ss1149\"><div><div class=\"ps45 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Euro<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13215 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13216 ss1150\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9513 ss1147\"><div><div class=\"ps5101 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other currencies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14549 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14550 ss1148\"><div><div class=\"ps5101 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:16.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9613 ss1151\"><div><div class=\"ps8645 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14551 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14552 ss1152\"><div><div class=\"ps8645 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6179 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The maximum exposure to credit risk was the fair value of other receivables and assets, net of expected<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:85.52pt\">credit losses, as of </span><span class=\"f charStyle-58d8bcbe ps14685\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14686\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14687\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-483": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.18. Other receivables and assets<span id=\"iabaab72cd2a045a699458074af29eb5c\"></span></span><span class=\"f charStyle-a745408e ps14671\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:246.63pt\">Other receivables and assets consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps13905\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1078\"><div><div class=\"ps2712 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1079\"><div><div class=\"ps14461 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Public funding receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13827 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">678<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13828 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">391<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Advances and deferred charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13829 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">207<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13830 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">210<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Taxes and other government receivables<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13856 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">326<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13857 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Loans and deposits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14527 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14528 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Interest receivable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13831 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13832 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Other current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13834 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">120<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13835 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14672 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,392<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14673 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">997<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The Group participates in public funding programs in several jurisdictions associated with research,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:342.18pt\">development, innovation and other first industrialization deployment activities.</span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">Taxes and other government receivables include receivables related to value-added tax, primarily in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:117.21pt\">European tax jurisdictions.</span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Advances and deferred charges include prepaid amounts associated with multi-annual supply and service</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:55.56pt\">agreements.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.22.\u00a0Other non-current liabilities<span id=\"i4ddce614b3b74cd292ccf02e574157ba\"></span></span><span class=\"f charStyle-a745408e ps15078\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.61pt\">Other non-current liabilities consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15079\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">172<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances received on capital grants<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">333<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">385<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">576<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">627<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Advances received on capital grants relate to Sanan ST JV, the Group and Sanan Optoelectronics</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">created in 2023 for high-volume 200mm SiC device manufacturing activities in China and that the Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">fully consolidates. This entity is a party to a regional public funding program, primarily consisting in capital</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">grants received on eligible capital expenditures (infrastructures and equipment). As of December 31,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.98pt\">2025, the Group received $333\u00a0million of advances ($</span><span class=\"f charStyle-58d8bcbe ps15092\" style=\"width:16.68pt\">385</span><span class=\"f charStyle-58d8bcbe ps15093\" style=\"width:202.29pt\"> million as of December 31, 2024) on these</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">capital grants while the capital expenditures had not been incurred yet. Consequently, these advances<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">were reported as non-current liabilities in the consolidated statement of financial position as of December</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.11pt\">31, 2025 and as of December 31, 2024.</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:2.77pt\"> </span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">commitment agreements signed in </span><span class=\"f charStyle-58d8bcbe ps15095\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8770\" style=\"width:232.16pt\"> with certain customers, as described in Note 7.6.24.</span><span class=\"f charStyle-58d8bcbe ps15096\" style=\"width:2.77pt\"> </span></div><div class=\"ps7044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Non-current tax liabilities for $90 million as of December 31, 2025 ($24 million as of December 31, 2024)</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.23pt\">are related to uncertain tax positions with respect to tax audit on transfer pricing in certain countries</span><span class=\"f charStyle-58d8bcbe ps15097\" style=\"width:2.77pt\">.</span><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Current liabilities related to public funding included $2 million grants subject to a financial return ($2</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">million as of December 2024).</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.29. Other income<span id=\"i9a56a549c7904864bb81d9ed400e0378\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.18pt\">Other income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15572\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">R&amp;D funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">266<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">73<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">9<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange gain<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9613 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Gain on sale of non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15141 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15142 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15579 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">354<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15580 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">280<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5418 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group receives public funding from governmental bodies in several jurisdictions. Public funding for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">research, development and other innovation programs is recognized ratably as the related costs are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">incurred once the agreement with the respective governmental body has been signed and all applicable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:116.67pt\">conditions have been met.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-484": {
   "value": "<div class=\"ps14691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.19. Cash and cash equivalents <span id=\"id7b7b26dbeda48c58d63708544c51789\"></span></span></div><div class=\"ps14693 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:237.21pt\">Cash and cash equivalents consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps14692\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1080\"><div><div class=\"ps9104 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11664 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss434\"><div><div class=\"ps12579 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Cash at bank and on hand<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13256 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">573<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13257 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">671<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Deposits at call with banks and money market funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13854 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13855 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">1,611<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3564 ss841\"><div><div class=\"ps2288 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13886 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,837<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13887 ss842\"><div><div class=\"ps2288 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.28pt\"></span></span><span class=\"ps13885\">2,282<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Cash equivalents primarily correspond to deposits at call with banks, money market funds and other</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14695 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">short-term investments. Cash and cash equivalents as reported on the consolidated statement of financial</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps14696 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">position as of December 31, 2025 and December 31, 2024 included cash and cash equivalents from</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14697 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Sanan ST JV, as described in Note 7.6.8.7, totaling $463 million and $345 million, respectively. As of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">December 31, 2025, cash equivalents of Sanan ST JV included $313 million short-term investments</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:101.65pt\">measured at fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-486": {
   "value": "<div class=\"ps13269 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.20. Equity <span id=\"i09865b07c0f04f74b446c76cf1602bbf\"></span></span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.1. Outstanding shares <span id=\"i7f2f1bdd15aa41e0ac72bfa6e3f58405\"></span></span></div><div class=\"ps14700 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The authorized share capital of the Company is \u20ac1,810\u00a0million consisting of 1,200,000,000 common</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:403.49pt\">shares and 540,000,000 preference shares, each with a nominal value of \u20ac1.04. As of </span><span class=\"f charStyle-58d8bcbe ps14701\" style=\"width:64.38pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:295.7pt\">, the number of common shares issued was 911,281,920 shares (</span><span class=\"f charStyle-58d8bcbe ps14703\" style=\"width:88.97pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14704\" style=\"width:60.97pt\">: 911,281,920</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">shares).</span><span class=\"f charStyle-58d8bcbe ps14706\" style=\"width:2.77pt\"> </span></div><div class=\"ps14712 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:32.83pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14708\" style=\"width:95.09pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14709\" style=\"width:248.06pt\">, the number of common shares outstanding was </span><span class=\"f charStyle-58d8bcbe ps14710\" style=\"width:55.58pt\">888,768,152</span><span class=\"f charStyle-58d8bcbe ps14711\" style=\"width:36.43pt\"> shares</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14715 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14713\" style=\"width:100pt\">: 898,175,408 shares).</span><span class=\"f charStyle-58d8bcbe ps14714\" style=\"width:2.77pt\"> </span></div><div class=\"ps14717 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.2.\u00a0Preference shares <span id=\"id7a073f4a14141f0b13cd58e3e5d0b0b\"></span></span></div><div class=\"ps14718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The 540,000,000 preference shares, when issued, will entitle a holder to full voting rights and to a</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps14720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.43pt\">preferential right to dividends and distributions upon liquidation.</span><span class=\"f charStyle-58d8bcbe ps14719\" style=\"width:2.77pt\"> </span></div><div class=\"ps14721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Company is a party to an option agreement regarding the preference shares with the Stichting,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">entered into on January\u00a022, 2007, with a duration of ten years, an agreement which was extended for</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:172.91pt\">additional ten years in October 2016. T</span><span class=\"f charStyle-58d8bcbe ps14723\" style=\"width:294.96pt\">he Supervisory and\u00a0 Managing Boards, along with the board of the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Stichting, have declared that they are jointly of the opinion that the Stichting is independent of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14726 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Company. The option agreement provides for the issuance of up to a maximum 540,000,000 preference<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">shares. Any such shares would be issued to the Stichting upon its request and in its sole discretion and</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">upon payment of at least 25% of the par value of the preference shares to be issued. The shares would</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps14729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">be issuable in the event of actions which the board of the Stichting determines would be contrary to the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14730 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Company\u2019s interests, shareholders and other stakeholders and which, in the event of a creeping<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">acquisition or offer for the Company\u2019s common shares, are not supported by the Company\u2019s Supervisory</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and Managing Boards. The preference shares may remain outstanding for no longer than two years. The</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">effect of the preference shares may be to deter potential acquirers from effecting an unsolicited</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">acquisition resulting in a change of control as well as to create a level-playing field in the event actions</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">which are considered to be hostile by the Supervisory and Managing Boards, as described above, occur</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14736 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">and which the board of the Stichting determines to be contrary to the Company\u2019s interests, shareholders</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.45pt\">and other stakeholders.</span><span class=\"f charStyle-58d8bcbe ps14737\" style=\"width:2.77pt\"> </span></div><div class=\"ps14741 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:206.65pt\">There were no preference shares issued as of </span><span class=\"f charStyle-58d8bcbe ps14739\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps4914\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14740\" style=\"width:2.77pt\">.</span></div><div class=\"ps14743 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.3.\u00a0Treasury shares <span id=\"i8152e2bbb4e8483e97d75737ceab5d4d\"></span></span></div><div class=\"ps5706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.51pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14744\" style=\"width:90.77pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps868\" style=\"width:348.58pt\">, the Company owned 22,513,768 shares classified as treasury stock in the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.42pt\">consolidated statement of equity compared to 13,106,512 shares as of </span><span class=\"f charStyle-58d8bcbe ps14745\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14746\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The treasury shares have been originally designated for allocation under the Company\u2019s share-based</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.43pt\">remuneration programs. During the years ended </span><span class=\"f charStyle-58d8bcbe ps14747\" style=\"width:88.23pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14748\" style=\"width:50.66pt\"> and 2024, </span><span class=\"f charStyle-58d8bcbe ps14749\" style=\"width:44.46pt\">5,103,210</span><span class=\"f charStyle-58d8bcbe ps14750\" style=\"width:22.66pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14751\" style=\"width:44.46pt\">5,542,756</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">of these treasury shares, respectively, were transferred to employees under the Company\u2019s share-based</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:106.67pt\">remuneration programs.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">On July 1, 2021, the Company announced the launch of a share buy-back program of up to\u00a0$1,040</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">million\u00a0to be executed within a three-year period. Under this share buy-back program, the Company</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">purchased approximately 4.1 million shares of its outstanding common stock for a total of $175 million</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">during the first half of 2024, from January until the program concluded in June. During 2023, the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Company purchased approximately 7.6 million shares of its outstanding common stock for $346 million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.66pt\">under this program.</span><span class=\"f charStyle-58d8bcbe ps14752\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">On June 21, 2024, the Company announced the launch of a new share buy-back plan comprising two</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">programs of up to $1,100 million to be executed within a three-year period. During 2025, the Company</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">purchased approximately 14.5 million shares of its outstanding common stock under this program, for</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">$367 million. During 2024, the Company purchased approximately 6 million shares of its outstanding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:224.41pt\">common stock under this program for $184 million.</span><span class=\"f charStyle-58d8bcbe ps14753\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.5. Other reserves <span id=\"i771294f62d824ddfb8813bd7eea5e385\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:243.3pt\">Other reserves include the following components as of </span><span class=\"f charStyle-58d8bcbe ps14878\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14879\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps7437\" style=\"width:2.77pt\"> </span></div><div class=\"ps14963 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:110.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:52.5pt\"></td></tr><tr style=\"height:54.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1177\"><div><div class=\"ps12212 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14882 ss1178\"><div><div class=\"ps12219 ss360\"><span class=\"f charStyle-8ec81ad0 ps6241\">Share-based<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss360\"><span class=\"f charStyle-8ec81ad0 ps14881\">compensation<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss360\"><span class=\"f charStyle-8ec81ad0 ps6268\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14886 ss1179\"><div><div class=\"ps12217 ss685\"><span class=\"f charStyle-8ec81ad0 ps6225\">Fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps12218 ss685\"><span class=\"f charStyle-8ec81ad0 ps9676\">reserve\u00a0of<span class=\"f ps26\"> </span></span></div><div class=\"ps12219 ss685\"><span class=\"f charStyle-8ec81ad0 ps14883\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss685\"><span class=\"f charStyle-8ec81ad0 ps14884\">assets\u00a0at<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss685\"><span class=\"f charStyle-8ec81ad0 ps14885\">FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13922 ss1180\"><div><div class=\"ps12219 ss1086\"><span class=\"f charStyle-8ec81ad0 ps6213\">Cash\u00a0Flow<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss1086\"><span class=\"f charStyle-8ec81ad0 ps13007\">Hedge\u00a0(CFH)<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss1086\"><span class=\"f charStyle-8ec81ad0 ps9722\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10 ss1181\"><div><div class=\"ps12218 ss159\"><span class=\"f charStyle-8ec81ad0 ps14887\">Foreign<span class=\"f ps26\"> </span></span></div><div class=\"ps12219 ss159\"><span class=\"f charStyle-8ec81ad0 ps9716\">currency<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss159\"><span class=\"f charStyle-8ec81ad0 ps14881\">translation<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1182\"><div><div class=\"ps12219 ss514\"><span class=\"f charStyle-8ec81ad0 ps9684\">Employee<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss514\"><span class=\"f charStyle-8ec81ad0 ps14888\">benefit\u00a0plan<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss514\"><span class=\"f charStyle-8ec81ad0 ps8870\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2284 ss1183\"><div><div class=\"ps12214 ss742\"><span class=\"f charStyle-8ec81ad0 ps14889\">Total\u00a0other<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss742\"><span class=\"f charStyle-8ec81ad0 ps14890\">reserves<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11676 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2023</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14891 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">1,832<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14893 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.39pt\"></span></span><span class=\"ps14892\">(13)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14895 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14896 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">564<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14898 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(135)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14899 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">2,281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"padding:0\"><div class=\"ps5484 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Employee share award <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">scheme</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14900 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">211<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14901 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14903 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.38pt\"></span></span><span class=\"ps14902\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14904 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14905 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14906 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">211<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8889 ss1191\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net movement <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">recognized in the\u00a0 </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">statement of </span></div><div class=\"ps14907 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">comprehensive income</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14909 ss1192\"><div><div class=\"ps14908 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14911 ss1193\"><div><div class=\"ps14908 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.39pt\"></span></span><span class=\"ps14910\">(1)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14913 ss1194\"><div><div class=\"ps14908 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.39pt\"></span></span><span class=\"ps14912\">(93)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14915 ss1195\"><div><div class=\"ps14908 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.89pt\"></span></span><span class=\"ps14914\">(236)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14917 ss1196\"><div><div class=\"ps14908 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.89pt\"></span></span><span class=\"ps14916\">(2)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14919 ss1197\"><div><div class=\"ps14908 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.14pt\"></span></span><span class=\"ps14918\">(332)</span></span></div></div></div></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"><div class=\"ps4719 ss1198\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfer of cash flow <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">hedge reserve to </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">inventories</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14920 ss1199\"><div><div class=\"ps11305 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14921 ss1200\"><div><div class=\"ps11305 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14923 ss1201\"><div><div class=\"ps11305 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.38pt\"></span></span><span class=\"ps14922\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14924 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14925 ss1203\"><div><div class=\"ps11305 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14926 ss1204\"><div><div class=\"ps11305 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.13pt\"></span></span><span class=\"ps8512\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14927 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2024</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14928 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,043<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14929 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.39pt\"></span></span><span class=\"ps14892\">(14)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14930 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.39pt\"></span></span><span class=\"ps14912\">(51)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14931 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">328<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14932 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(137)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14933 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">2,169<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps4728 ss596\"><div><div class=\"ps8552 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Employee share award <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">scheme</span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14934 ss368\"><div><div class=\"ps11840 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">188<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14935 ss1205\"><div><div class=\"ps11840 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14936 ss1206\"><div><div class=\"ps11840 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.38pt\"></span></span><span class=\"ps14902\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14937 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14938 ss1208\"><div><div class=\"ps11840 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14939 ss1209\"><div><div class=\"ps11840 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">188<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13157 ss1191\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net movement <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">recognized in the\u00a0 </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">statement of </span></div><div class=\"ps14907 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">comprehensive income</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14940 ss1192\"><div><div class=\"ps14908 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14942 ss1193\"><div><div class=\"ps14908 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.38pt\"></span></span><span class=\"ps14941\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14943 ss1194\"><div><div class=\"ps14908 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">96<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14944 ss1195\"><div><div class=\"ps14908 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">515<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14946 ss1196\"><div><div class=\"ps14908 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.88pt\"></span></span><span class=\"ps14945\">24<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14947 ss1197\"><div><div class=\"ps14908 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">648<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"><div class=\"ps11045 ss1198\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfer of cash flow <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">hedge reserve to </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">inventories</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14948 ss1199\"><div><div class=\"ps11305 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14949 ss1200\"><div><div class=\"ps11305 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14951 ss1201\"><div><div class=\"ps11305 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.39pt\"></span></span><span class=\"ps14950\">(4)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14952 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14953 ss1203\"><div><div class=\"ps11305 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14955 ss1204\"><div><div class=\"ps11305 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.14pt\"></span></span><span class=\"ps14954\">(4)</span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14956 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2025</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14957 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,231<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14958 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.39pt\"></span></span><span class=\"ps14910\">(1)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14959 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">41<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14960 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">843<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14961 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(113)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14962 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">3,001<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14965 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:173.64pt\">Share-based compensation reserve:</span><span class=\"f charStyle-58d8bcbe ps14964\" style=\"width:294.26pt\"> The share-based compensation reserve is used to recognize the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14966 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">value of equity-settled share-based payment to employees, including key management personnel, as part</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14967 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of their remuneration. Refer to Note 7.6.20.4 for further details on these share-based compensation</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14969 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45pt\">programs.</span><span class=\"f charStyle-58d8bcbe ps14968\" style=\"width:2.77pt\"> </span></div><div class=\"ps14971 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.98pt\">Fair value reserve of financial assets at FVOCI:</span><span class=\"f charStyle-58d8bcbe ps14970\" style=\"width:239.98pt\"> This reserve records fair value changes on debt and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14973 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">equity securities measured at </span><span class=\"f charStyle-58d8bcbe ps14972\" style=\"width:327.08pt\">FVOCI. Refer to Note 7.6.14.1 for further details on these financial assets.</span></div><div class=\"ps14975 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:129.35pt\">Cash Flow hedge reserve: </span><span class=\"f charStyle-58d8bcbe ps14974\" style=\"width:338.59pt\">The cash flow hedge reserve contains the effective portion of the cash flow</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.29pt\">hedge relationship outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14976\" style=\"width:39.46pt\">year-end</span><span class=\"f charStyle-58d8bcbe ps14977\" style=\"width:261.16pt\">. Refer to Note 7.6.14.4 for further details on these hedge</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:56.66pt\">transactions.</span></div><div class=\"ps13337 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:191.5pt\">Foreign currency translation reserve: </span><span class=\"f charStyle-58d8bcbe ps14980\" style=\"width:276.5pt\">The foreign currency translation reserve is used to record</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps13338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">exchange differences arising from the translation of the financial statements for subsidiaries which</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps13339 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.62pt\">functional currency is different from the U.S. dollar.</span><span class=\"f charStyle-58d8bcbe ps14981\" style=\"width:2.77pt\"> </span></div><div class=\"ps13341 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:150.88pt\">Employee benefit plan reserve:</span><span class=\"f charStyle-58d8bcbe ps14982\" style=\"width:317.01pt\"> The employee benefit plan reserve is used to recognize the actuarial</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14985 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.31pt\">gains and losses and past service cost of post-employment pension </span><span class=\"f charStyle-58d8bcbe ps14983\" style=\"width:23.9pt\">plans</span><span class=\"f charStyle-58d8bcbe ps14984\" style=\"width:141.65pt\">. Refer to Note 7.6.23 for further</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14986 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:178.33pt\">details on these employee benefit plans.</span></div><div class=\"ps14988 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.6. Dividends <span id=\"i68792c39cb694442bdc134f2855e2070\"></span></span></div><div class=\"ps14989 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Company is governed under the laws of the Netherlands. The Articles of Association provide that the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14990 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">net result for the year, after deduction of (i) any amount to set up and maintain reserves required by Dutch</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Law and the Articles of Association, (ii) if any of the Company's preference shares are issued and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">outstanding, the dividend to be paid to the holders of preference shares and (iii) the aforementioned</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.49pt\">allocation to the reserve fund, is subject to the disposition by the </span><span class=\"f charStyle-58d8bcbe ps14991\" style=\"width:22.76pt\">AGM</span><span class=\"f charStyle-58d8bcbe ps14992\" style=\"width:2.77pt\">.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.41pt\">The AGM held on May 28, </span><span class=\"f charStyle-58d8bcbe ps14993\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14994\" style=\"width:224.02pt\">, authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps14995\" style=\"width:25.01pt\">$0.36</span><span class=\"f charStyle-58d8bcbe ps14996\" style=\"width:73.19pt\"> per outstanding</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.09 in each of the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:182.12pt\">second, third and fourth quarters of </span><span class=\"f charStyle-58d8bcbe ps14997\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14998\" style=\"width:211.78pt\"> and first quarter of 2026. An amount of </span><span class=\"f charStyle-58d8bcbe ps14999\" style=\"width:51.75pt\">$81\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.71pt\">corresponding to the first installment, </span><span class=\"f charStyle-58d8bcbe ps15000\" style=\"width:48.11pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15001\" style=\"width:203.97pt\"> corresponding to the second installment and </span><span class=\"f charStyle-58d8bcbe ps15002\" style=\"width:48.11pt\">$71\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:250.23pt\">corresponding to the third installment were paid as of </span><span class=\"f charStyle-58d8bcbe ps15003\" style=\"width:90.69pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15004\" style=\"width:83.36pt\">. The amounts of </span><span class=\"f charStyle-58d8bcbe ps7758\" style=\"width:43.67pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.05pt\">corresponding to the remaining portion of the third installment and </span><span class=\"f charStyle-58d8bcbe ps15005\" style=\"width:50.1pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15006\" style=\"width:100.85pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">remaining installment were presented in the line \u201cOther payables and accrued liabilities\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.74pt\">consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15007\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15008\" style=\"width:2.77pt\">.</span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.65pt\">The </span><span class=\"f charStyle-58d8bcbe ps15009\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15010\" style=\"width:98.27pt\"> AGM held on May </span><span class=\"f charStyle-58d8bcbe ps15011\" style=\"width:11.12pt\">22</span><span class=\"f charStyle-58d8bcbe ps15012\" style=\"width:8.2pt\">, </span><span class=\"f charStyle-58d8bcbe ps15013\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15014\" style=\"width:238.35pt\"> authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps15015\" style=\"width:25.01pt\">$0.36</span><span class=\"f charStyle-58d8bcbe ps15016\" style=\"width:19.88pt\"> per</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">outstanding share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.09 in</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:210.96pt\">each of the second, third and fourth quarters of </span><span class=\"f charStyle-58d8bcbe ps15017\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15018\" style=\"width:86.87pt\"> and first quarter of </span><span class=\"f charStyle-58d8bcbe ps15019\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15020\" style=\"width:125.59pt\">. The amounts of $81\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">corresponding to the first installment, $81\u00a0million corresponding to the second installment and $72\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.98pt\">corresponding to the third installment were paid in 2024.\u00a0 An amount of </span><span class=\"f charStyle-58d8bcbe ps15021\" style=\"width:43.18pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15022\" style=\"width:96.77pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:200.59pt\">remaining portion of the third installment and </span><span class=\"f charStyle-58d8bcbe ps15023\" style=\"width:47.87pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15024\" style=\"width:219.49pt\"> corresponding to the fourth installment were paid</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:10.55pt\">in </span><span class=\"f charStyle-58d8bcbe ps5381\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15025\" style=\"width:2.77pt\">.</span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.07pt\">The 2023 AGM held on May 25, 2023 authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps15015\" style=\"width:25.01pt\">$0.24</span><span class=\"f charStyle-58d8bcbe ps15016\" style=\"width:19.88pt\"> per</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">outstanding share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.06 in</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:320.07pt\">each of the second, third and fourth quarters of 2023 and first quarter of </span><span class=\"f charStyle-58d8bcbe ps15019\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15020\" style=\"width:125.59pt\">. The amounts of $55\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">corresponding to the first installment, $54\u00a0million corresponding to the second installment and $54\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:322.93pt\">corresponding to the third installment were paid in 2023. An amount of </span><span class=\"f charStyle-58d8bcbe ps15026\" style=\"width:48.63pt\">$54\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15027\" style=\"width:96.44pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.64pt\">fourth installment was paid in 2024.</span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.7.\u00a0Legal reserves <span id=\"ie62f17814fda4bfba95bf49ddebbfb02\"></span></span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.3pt\">Refer to Note 8.3.13 for the composition of the Company\u2019s legal reserves.</span><span class=\"f charStyle-58d8bcbe ps15028\" style=\"width:2.77pt\"> </span></div><div class=\"ps1742 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.42pt\">The cumulative amount of legal reserves as of </span><span class=\"f charStyle-58d8bcbe ps16956\" style=\"width:89.85pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16957\" style=\"width:162.7pt\"> is split as follows: $1,292 million of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1743 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">capitalized development expenditures and internally developed software expenditures, $442\u00a0million of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1746 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.3pt\">subsidiaries non distributable reserves, $843\u00a0million of currency translation adjustment gain and</span><span class=\"f charStyle-58d8bcbe ps7628\" style=\"width:21.59pt\"> $41</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps4210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:166.11pt\">million unrealized gain on derivatives.</span><span class=\"f charStyle-58d8bcbe ps16958\" style=\"width:2.77pt\"> </span></div><div class=\"ps1795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.42pt\">The cumulative amount of legal reserves as of </span><span class=\"f charStyle-58d8bcbe ps16956\" style=\"width:89.85pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps16957\" style=\"width:162.7pt\"> is split as follows: $1,188 million of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">capitalized development expenditures and internally developed software expenditures, $400\u00a0million of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps4280 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.08pt\">subsidiaries non distributable reserves, $328\u00a0million of currency translation adjustment gain.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-485": {
   "value": "<div class=\"ps13269 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.20. Equity <span id=\"i09865b07c0f04f74b446c76cf1602bbf\"></span></span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.1. Outstanding shares <span id=\"i7f2f1bdd15aa41e0ac72bfa6e3f58405\"></span></span></div><div class=\"ps14700 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">The authorized share capital of the Company is \u20ac1,810\u00a0million consisting of 1,200,000,000 common</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps14702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:403.49pt\">shares and 540,000,000 preference shares, each with a nominal value of \u20ac1.04. As of </span><span class=\"f charStyle-58d8bcbe ps14701\" style=\"width:64.38pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:295.7pt\">, the number of common shares issued was 911,281,920 shares (</span><span class=\"f charStyle-58d8bcbe ps14703\" style=\"width:88.97pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14704\" style=\"width:60.97pt\">: 911,281,920</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:36.11pt\">shares).</span><span class=\"f charStyle-58d8bcbe ps14706\" style=\"width:2.77pt\"> </span></div><div class=\"ps14712 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:32.83pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14708\" style=\"width:95.09pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14709\" style=\"width:248.06pt\">, the number of common shares outstanding was </span><span class=\"f charStyle-58d8bcbe ps14710\" style=\"width:55.58pt\">888,768,152</span><span class=\"f charStyle-58d8bcbe ps14711\" style=\"width:36.43pt\"> shares</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14715 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:3.33pt\">(<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps2540\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14713\" style=\"width:100pt\">: 898,175,408 shares).</span><span class=\"f charStyle-58d8bcbe ps14714\" style=\"width:2.77pt\"> </span></div><div class=\"ps14717 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.2.\u00a0Preference shares <span id=\"id7a073f4a14141f0b13cd58e3e5d0b0b\"></span></span></div><div class=\"ps14718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">The 540,000,000 preference shares, when issued, will entitle a holder to full voting rights and to a</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps14720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.43pt\">preferential right to dividends and distributions upon liquidation.</span><span class=\"f charStyle-58d8bcbe ps14719\" style=\"width:2.77pt\"> </span></div><div class=\"ps14721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The Company is a party to an option agreement regarding the preference shares with the Stichting,</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">entered into on January\u00a022, 2007, with a duration of ten years, an agreement which was extended for</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:172.91pt\">additional ten years in October 2016. T</span><span class=\"f charStyle-58d8bcbe ps14723\" style=\"width:294.96pt\">he Supervisory and\u00a0 Managing Boards, along with the board of the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Stichting, have declared that they are jointly of the opinion that the Stichting is independent of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14726 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Company. The option agreement provides for the issuance of up to a maximum 540,000,000 preference<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">shares. Any such shares would be issued to the Stichting upon its request and in its sole discretion and</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">upon payment of at least 25% of the par value of the preference shares to be issued. The shares would</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps14729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">be issuable in the event of actions which the board of the Stichting determines would be contrary to the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14730 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Company\u2019s interests, shareholders and other stakeholders and which, in the event of a creeping<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps14731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">acquisition or offer for the Company\u2019s common shares, are not supported by the Company\u2019s Supervisory</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">and Managing Boards. The preference shares may remain outstanding for no longer than two years. The</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps14733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">effect of the preference shares may be to deter potential acquirers from effecting an unsolicited</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">acquisition resulting in a change of control as well as to create a level-playing field in the event actions</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">which are considered to be hostile by the Supervisory and Managing Boards, as described above, occur</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14736 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">and which the board of the Stichting determines to be contrary to the Company\u2019s interests, shareholders</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:104.45pt\">and other stakeholders.</span><span class=\"f charStyle-58d8bcbe ps14737\" style=\"width:2.77pt\"> </span></div><div class=\"ps14741 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:206.65pt\">There were no preference shares issued as of </span><span class=\"f charStyle-58d8bcbe ps14739\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps4914\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14681\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14740\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-487": {
   "value": "<div class=\"ps14743 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.3.\u00a0Treasury shares <span id=\"i8152e2bbb4e8483e97d75737ceab5d4d\"></span></span></div><div class=\"ps5706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.51pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14744\" style=\"width:90.77pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps868\" style=\"width:348.58pt\">, the Company owned 22,513,768 shares classified as treasury stock in the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps5707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.42pt\">consolidated statement of equity compared to 13,106,512 shares as of </span><span class=\"f charStyle-58d8bcbe ps14745\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14746\" style=\"width:2.77pt\">.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The treasury shares have been originally designated for allocation under the Company\u2019s share-based</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.43pt\">remuneration programs. During the years ended </span><span class=\"f charStyle-58d8bcbe ps14747\" style=\"width:88.23pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14748\" style=\"width:50.66pt\"> and 2024, </span><span class=\"f charStyle-58d8bcbe ps14749\" style=\"width:44.46pt\">5,103,210</span><span class=\"f charStyle-58d8bcbe ps14750\" style=\"width:22.66pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14751\" style=\"width:44.46pt\">5,542,756</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">of these treasury shares, respectively, were transferred to employees under the Company\u2019s share-based</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:106.67pt\">remuneration programs.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">On July 1, 2021, the Company announced the launch of a share buy-back program of up to\u00a0$1,040</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">million\u00a0to be executed within a three-year period. Under this share buy-back program, the Company</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">purchased approximately 4.1 million shares of its outstanding common stock for a total of $175 million</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">during the first half of 2024, from January until the program concluded in June. During 2023, the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Company purchased approximately 7.6 million shares of its outstanding common stock for $346 million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.66pt\">under this program.</span><span class=\"f charStyle-58d8bcbe ps14752\" style=\"width:2.77pt\"> </span></div><div class=\"ps1707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">On June 21, 2024, the Company announced the launch of a new share buy-back plan comprising two</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">programs of up to $1,100 million to be executed within a three-year period. During 2025, the Company</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">purchased approximately 14.5 million shares of its outstanding common stock under this program, for</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">$367 million. During 2024, the Company purchased approximately 6 million shares of its outstanding</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:224.41pt\">common stock under this program for $184 million.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-488": {
   "value": "<div class=\"ps2534 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.4.\u00a0Unvested share awards for the Employees <span id=\"i1edbaf92329941ae968ac1fdc8cdde69\"></span></span></div><div class=\"ps1898 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">On an annual basis, the Compensation Committee (on behalf of the Supervisory Board and with its</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">approval) grants stock-based awards to the senior executives and selected employees (the \u201cEmployee</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Plan\u201d). The awards are granted for services rendered under the Employee Plan. There are two types of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">unvested shares: (1) shares granted to employees, which are subject only to service conditions and vest</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">over the requisite service period, and (2) shares granted to executives and other selected employees, for</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:278.86pt\">which vesting is subject to service and performance conditions.</span><span class=\"f charStyle-58d8bcbe ps14754\" style=\"width:2.77pt\"> </span></div><div class=\"ps1905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:141.86pt\">For awards granted in 2023, </span><span class=\"f charStyle-58d8bcbe ps8460\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps8461\" style=\"width:27.86pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14755\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14756\" style=\"width:137.99pt\">, that are outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14757\" style=\"width:93.43pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14758\" style=\"width:22.25pt\">, the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.25pt\">performance conditions consist of </span><span class=\"f charStyle-58d8bcbe ps14759\" style=\"width:15.55pt\">two</span><span class=\"f charStyle-58d8bcbe ps14760\" style=\"width:297.2pt\"> external targets (sales evolution and operating income compared</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:451.22pt\">to a basket of competitors) weighting for two thirds of the total number of awards granted, and of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14761\" style=\"width:16.68pt\">one</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2452 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">internal target (Company\u2019s sustainability and diversity performance), weighting for one third of the total</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">number of awards granted. Sustainability and diversity performance include environment/climate, diversity</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:283.3pt\">and inclusions indicators, ESG investor index and carbon rating.</span></div><div class=\"ps1911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.38pt\">The majority of stock awards granted to executives is subject to</span><span class=\"f charStyle-58d8bcbe ps14762\" style=\"width:2.86pt\"> </span><span class=\"f charStyle-58d8bcbe ps14763\" style=\"width:22.78pt\">three</span><span class=\"f charStyle-58d8bcbe ps14764\" style=\"width:30.17pt\"> years </span><span class=\"f charStyle-58d8bcbe ps14765\" style=\"width:130.7pt\">cliff vesting, and a substantial</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">portion of awards granted to employees of certain seniority is subject to the same vesting terms. All other</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.04pt\">awards, including those granted to other employees, vest over a graded </span><span class=\"f charStyle-58d8bcbe ps14766\" style=\"width:22.78pt\">three</span><span class=\"f charStyle-58d8bcbe ps14767\" style=\"width:27.68pt\"> years</span><span class=\"f charStyle-58d8bcbe ps14768\" style=\"width:72.48pt\"> service period (</span><span class=\"f charStyle-58d8bcbe ps14769\" style=\"width:20.01pt\">32%</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:174.4pt\">as of the first anniversary of the grant, <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14770\" style=\"width:20.01pt\">32%</span><span class=\"f charStyle-58d8bcbe ps6677\" style=\"width:210.98pt\"> as of the second anniversary of the grant and </span><span class=\"f charStyle-58d8bcbe ps14771\" style=\"width:20.01pt\">36%</span><span class=\"f charStyle-58d8bcbe ps14772\" style=\"width:42.56pt\"> as of the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:133.3pt\">third anniversary of the grant).</span></div><div class=\"ps1916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:318.39pt\">A summary of the unvested share activity by plan for the year ended </span><span class=\"f charStyle-58d8bcbe ps14773\" style=\"width:90.03pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14774\" style=\"width:59.46pt\"> is presented</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:28.89pt\">below:</span><span class=\"f charStyle-58d8bcbe ps6995\" style=\"width:2.77pt\"> </span></div><div class=\"ps14819 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss64 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:51.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1169\"><div><div class=\"ps14775 ss764\"><span class=\"f charStyle-e64cef7e ps2240\">Allocation under<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4104 ss1170\"><div><div class=\"ps11414 ss726\"><span class=\"f charStyle-e64cef7e ps12541\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps14777 ss726\"><span class=\"f charStyle-e64cef7e ps14776\">as of<span class=\"f ps26\"> </span></span></div><div class=\"ps14778 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10694 ss1170\"><div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps9323\">Granted<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10889 ss1170\"><div><div class=\"ps14778 ss726\"><span class=\"f charStyle-e64cef7e ps8396\">Forfeited\u00a0/<span class=\"f ps26\"> </span></span></div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps4529\">waived<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3554 ss1170\"><div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps14779\">Vested<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9493 ss1170\"><div><div class=\"ps14777 ss726\"><span class=\"f charStyle-e64cef7e ps14780\">Cancelled on <span class=\"f ps26\"> </span></span></div><div class=\"ps14778 ss726\"><span class=\"f charStyle-e64cef7e ps14781\">failed vesting </span></div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps14782\">conditions</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14783 ss1170\"><div><div class=\"ps11414 ss726\"><span class=\"f charStyle-e64cef7e ps12541\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps14777 ss726\"><span class=\"f charStyle-e64cef7e ps14776\">as of<span class=\"f ps26\"> </span></span></div><div class=\"ps14778 ss726\"><span class=\"f charStyle-e64cef7e ps6401\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14775 ss726\"><span class=\"f charStyle-e64cef7e ps6272\">2025<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12319 ss1171\"><div><div class=\"ps13370 ss764\"><span class=\"f charStyle-373d9c9c ps2240\">2022 Employee Plan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14785 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">2,279,312<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14787 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14789 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:26.88pt\"></span></span><span class=\"ps14788\">(14,108)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14791 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:15.78pt\"></span></span><span class=\"ps14790\">(2,256,871)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14793 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:31.32pt\"></span></span><span class=\"ps14792\">(8,333)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14794 ss1020\"><div><div class=\"ps13370 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss792\"><div><div class=\"ps13382 ss764\"><span class=\"f charStyle-373d9c9c ps2240\">2023 Employee Plan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14795 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">3,736,503<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14796 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14797 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:26.88pt\"></span></span><span class=\"ps14788\">(39,107)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14798 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:15.78pt\"></span></span><span class=\"ps14790\">(1,532,759)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14799 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14800 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">2,164,637<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss792\"><div><div class=\"ps13382 ss764\"><span class=\"f charStyle-373d9c9c ps2240\">2024 Employee Plan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14801 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">7,597,494<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10704 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14802 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:22.44pt\"></span></span><span class=\"ps9509\">(145,984)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14803 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:15.78pt\"></span></span><span class=\"ps14790\">(1,311,529)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14804 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:22.44pt\"></span></span><span class=\"ps9509\">(678,130)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14805 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">5,461,851<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5488 ss792\"><div><div class=\"ps13382 ss764\"><span class=\"f charStyle-373d9c9c ps2240\">2025 Employee Plan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14806 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14807 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">7,880,820<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14808 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:26.88pt\"></span></span><span class=\"ps14788\">(36,677)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14809 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:31.32pt\"></span></span><span class=\"ps14792\">(2,051)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14810 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:45.96pt\"></span></span><span class=\"ps14786\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14811 ss1026\"><div><div class=\"ps13382 ss726\"><span class=\"f charStyle-373d9c9c\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">7,842,092<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8082 ss1172\"><div><div class=\"ps13359 ss764\"><span class=\"f charStyle-373d9c9c ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14813 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:14pt\"></span></span><span class=\"ps14812\">13,613,309<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14814 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:18.44pt\"></span></span><span class=\"ps14784\">7,880,820<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14815 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:22.44pt\"></span></span><span class=\"ps9509\">(235,876)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14816 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:15.78pt\"></span></span><span class=\"ps14790\">(5,103,210)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14817 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:22.44pt\"></span></span><span class=\"ps9509\">(686,463)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14818 ss727\"><div><div class=\"ps13359 ss726\"><span class=\"f charStyle-e64cef7e\"><span class=\"ps52\"><span style=\"display:inline-block;height:5.82pt;width:14pt\"></span></span><span class=\"ps14812\">15,468,580<span style=\"display:inline-block;height:5.82pt;width:2.66pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The grant date weighted average fair value of unvested shares granted to employees under the 2022</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps13793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:78.54pt\">Employee Plan (</span><span class=\"f charStyle-58d8bcbe ps14821\" style=\"width:44.46pt\">6,531,345<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14822\" style=\"width:67.26pt\"> shares) was </span><span class=\"f charStyle-58d8bcbe ps14823\" style=\"width:30.57pt\">$35.92</span><span class=\"f charStyle-58d8bcbe ps14824\" style=\"width:247.11pt\">. On March 22, 2023, the Compensation Committee</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps13794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">approved the statement that with respect to the shares subject to performance conditions and graded</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:40.57pt\">vesting (</span><span class=\"f charStyle-58d8bcbe ps14825\" style=\"width:44.46pt\">2,605,521</span><span class=\"f charStyle-58d8bcbe ps14826\" style=\"width:382.95pt\"> shares), all three performance conditions were fully met. For awards subject to</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.6pt\">performance conditions and </span><span class=\"f charStyle-58d8bcbe ps1075\" style=\"width:52.16pt\">three years</span><span class=\"f charStyle-58d8bcbe ps14827\" style=\"width:64.59pt\"> cliff vesting (</span><span class=\"f charStyle-58d8bcbe ps14828\" style=\"width:36.13pt\">100,000<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14829\" style=\"width:182.5pt\"> shares), the Compensation Committee</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">approved the statement that 92% of the performance conditions were fully met. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.66pt\">compensation expense recorded on the 2022 Employee Plan reflects the above statements.</span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">The grant date weighted average fair value of unvested shares granted to employees under the 2023</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:78.54pt\">Employee Plan (</span><span class=\"f charStyle-58d8bcbe ps14821\" style=\"width:44.46pt\">5,449,135</span><span class=\"f charStyle-58d8bcbe ps14822\" style=\"width:67.26pt\"> shares) was </span><span class=\"f charStyle-58d8bcbe ps14823\" style=\"width:30.57pt\">$50.96</span><span class=\"f charStyle-58d8bcbe ps14824\" style=\"width:247.11pt\">. On March 20, 2024, the Compensation Committee</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">approved the statement that with respect to the shares subject to performance conditions and graded</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:42.5pt\">vesting (</span><span class=\"f charStyle-58d8bcbe ps14830\" style=\"width:44.46pt\">2,009,952</span><span class=\"f charStyle-58d8bcbe ps14831\" style=\"width:380.94pt\"> shares), all three performance conditions were fully met. Consequently, the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">compensation expense recorded on the 2023 Employee Plan reflects the statement that \u2013 for the portion</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:314.91pt\">of shares subject to performance conditions and graded vesting \u2013 </span><span class=\"f charStyle-58d8bcbe ps14832\" style=\"width:25.57pt\">100%</span><span class=\"f charStyle-58d8bcbe ps14833\" style=\"width:127.43pt\"> of the awards granted will</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">ultimately vest, as far as the service condition is met. On March 25, 2026, the Compensation Committee</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:271.54pt\">approved the statement that with respect to the shares</span><span class=\"f charStyle-58d8bcbe ps14834\" style=\"width:59.74pt\"> subject to </span><span class=\"f charStyle-58d8bcbe ps14835\" style=\"width:53.81pt\">three years</span><span class=\"f charStyle-58d8bcbe ps14836\" style=\"width:82.89pt\"> cliff vesting and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">performance conditions (532,000 shares), 1 out 3 performance conditions was fully met. Consequently,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.32pt\">the compensation expense recorded on the 2023 Employee Plan reflects the above statements.</span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.62pt\">The grant date weighted average fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps14758\" style=\"width:22.24pt\">2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:78.54pt\">Employee Plan (</span><span class=\"f charStyle-58d8bcbe ps14821\" style=\"width:44.46pt\">7,627,070</span><span class=\"f charStyle-58d8bcbe ps14822\" style=\"width:67.26pt\"> shares) was </span><span class=\"f charStyle-58d8bcbe ps14823\" style=\"width:30.57pt\">$37.69</span><span class=\"f charStyle-58d8bcbe ps14824\" style=\"width:247.11pt\">. On March 26, 2025, the Compensation Committee</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">approved the statement that with respect to the shares subject to performance conditions and graded</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:39.37pt\">vesting (</span><span class=\"f charStyle-58d8bcbe ps12509\" style=\"width:44.46pt\">1,021,656</span><span class=\"f charStyle-58d8bcbe ps14837\" style=\"width:384.05pt\"> shares), one out of three performance conditions were met. For awards subject to</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:130.2pt\">performance conditions and </span><span class=\"f charStyle-58d8bcbe ps14838\" style=\"width:51.36pt\">three years</span><span class=\"f charStyle-58d8bcbe ps14839\" style=\"width:62.19pt\"> cliff vesting (</span><span class=\"f charStyle-58d8bcbe ps14840\" style=\"width:44.46pt\">2,570,980</span><span class=\"f charStyle-58d8bcbe ps14841\" style=\"width:179.79pt\"> shares), the Company estimated as of<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:116.11pt\">December 31, 2025 that </span><span class=\"f charStyle-58d8bcbe ps14842\" style=\"width:20.01pt\">33%</span><span class=\"f charStyle-58d8bcbe ps14843\" style=\"width:331.75pt\"> of these awards are expected to vest. Consequently, the compensation</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:120.35pt\">expense recorded on the </span><span class=\"f charStyle-58d8bcbe ps7761\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14844\" style=\"width:325.34pt\"> Employee Plan reflects the statement that \u2013 for the portion of shares</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">subject to performance conditions (whether with graded vesting or three years cliff vesting) \u201333% of the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">awards granted will ultimately vest, as far as the service condition is met. The final measurement of these</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:372.52pt\">conditions is expected to occur in 2027 for shares subject to three years cliff vesting.</span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:445.62pt\">The grant date weighted average fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps14758\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:78.98pt\">Employee Plan (</span><span class=\"f charStyle-58d8bcbe ps14845\" style=\"width:44.46pt\">7,880,820</span><span class=\"f charStyle-58d8bcbe ps14846\" style=\"width:67.92pt\"> shares) was </span><span class=\"f charStyle-58d8bcbe ps14847\" style=\"width:30.57pt\">$30.56</span><span class=\"f charStyle-58d8bcbe ps14848\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps14849\" style=\"width:243.19pt\"> Moreover, for the portion of the shares subject to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:133.3pt\">performance conditions with </span><span class=\"f charStyle-58d8bcbe ps14850\" style=\"width:52.03pt\">three years</span><span class=\"f charStyle-58d8bcbe ps14851\" style=\"width:64.2pt\"> cliff vesting (</span><span class=\"f charStyle-58d8bcbe ps14852\" style=\"width:44.46pt\">3,097,825</span><span class=\"f charStyle-58d8bcbe ps14853\" style=\"width:174.01pt\"> shares), the Company estimated the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1938 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">number of awards expected to vest by assessing the probability of achieving the performance conditions.</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.22pt\"> </span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">As of the date these consolidated financial statements were issued, the Compensation Committee of the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Supervisory Board had not yet made a final determination regarding the achievement of the performance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.24pt\">conditions. The Company estimated as of December 31, 2025 that </span><span class=\"f charStyle-58d8bcbe ps14854\" style=\"width:20.01pt\">33%</span><span class=\"f charStyle-58d8bcbe ps14855\" style=\"width:122.7pt\"> of the awards subject to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:397.93pt\">performance conditions will vest. Therefore, the compensation expense recorded for the </span><span class=\"f charStyle-58d8bcbe ps14856\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14857\" style=\"width:47.81pt\"> Employee</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:168.99pt\">Plan reflects the expected vesting of </span><span class=\"f charStyle-58d8bcbe ps14858\" style=\"width:20.01pt\">33%</span><span class=\"f charStyle-58d8bcbe ps1002\" style=\"width:278.89pt\"> of the awards granted, provided the service condition is met.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.59pt\"> </span></div><div class=\"ps1867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The estimate of the expected number of awards to be vested upon achievement of the performance</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">conditions is subject to change. The final measurement of these conditions is expected to occur in the first</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:54.99pt\">half of 2028.</span></div><div class=\"ps1871 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The following table illustrates the classification of pre-payroll tax and social contribution stock-based</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:404.55pt\">compensation expense included in the consolidated income statement for the year ended </span><span class=\"f charStyle-58d8bcbe ps14859\" style=\"width:63.39pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps14860\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14861\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps14862\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:282pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.75pt solid #000000;padding:0\"><div class=\"ps13 ss1173\"><div><div class=\"ps8033 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps11664 ss1174\"><div><div class=\"ps8035 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps10988 ss1174\"><div><div class=\"ps8035 ss431\"><span class=\"f charStyle-a9f4bb30 ps9457\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss431\"><span class=\"f charStyle-a9f4bb30 ps13883\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps8039 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Cost of sales<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps14863 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">38<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps14864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss839\"><div><div class=\"ps2252 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Research and development expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13258 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13259 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">69<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2719 ss837\"><div><div class=\"ps2232 ss834\"><span class=\"f charStyle-c2d5035f ps2240\">Selling, general and administrative expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13260 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:72.17pt\"></span></span><span class=\"ps14526\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13261 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">111<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.75pt solid #000000;padding:0\"><div class=\"ps2266 ss1175\"><div><div class=\"ps8605 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total pre-payroll tax and social contribution <span class=\"f ps26\"> </span></span></div><div class=\"ps8606 ss834\"><span class=\"f charStyle-a9f4bb30 ps2240\">compensation</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.75pt solid #000000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.75pt solid #000000;padding:0\"><div class=\"ps13858 ss1176\"><div><div class=\"ps8609 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.75pt solid #000000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.75pt solid #000000;padding:0\"><div class=\"ps13859 ss1176\"><div><div class=\"ps8609 ss431\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:66.61pt\"></span></span><span class=\"ps13884\">222<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:224.09pt\">The grant date fair value of the shares vested in </span><span class=\"f charStyle-58d8bcbe ps14865\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps4912\" style=\"width:221.63pt\"> totaled $212 million compared to $231\u00a0million in</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps1670\" style=\"width:2.77pt\"> </span></div><div class=\"ps4782 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Stock-based compensation, excluding payroll tax and social contribution, capitalized as part of inventory</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps4783 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:103.93pt\">was $14 million as of </span><span class=\"f charStyle-58d8bcbe ps14867\" style=\"width:91.15pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14868\" style=\"width:150.61pt\">, compared to $14 million as of </span><span class=\"f charStyle-58d8bcbe ps14869\" style=\"width:91.15pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps14870\" style=\"width:31.11pt\">. As of</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4784 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14871\" style=\"width:379.26pt\">, there was $200\u00a0million of total unrecognized compensation cost related to the grant</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps14872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">of unvested shares, which is expected to be recognized over a weighted average period of approximately</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:49.44pt\">10 months.</span><span class=\"f charStyle-58d8bcbe ps14873\" style=\"width:2.77pt\"> </span></div><div class=\"ps4786 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The total deferred income tax benefit recognized in the consolidated income statement related to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2683 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:267.94pt\">unvested share-based compensation expense amounted to </span><span class=\"f charStyle-58d8bcbe ps14875\" style=\"width:19.84pt\">$10 </span><span class=\"f charStyle-58d8bcbe ps146\" style=\"width:116.93pt\">million for the year ended </span><span class=\"f charStyle-58d8bcbe ps14876\" style=\"width:63.17pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:198.3pt\">, compared to $10 million for the year ended </span><span class=\"f charStyle-58d8bcbe ps14877\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps116\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-489": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.5. Other reserves <span id=\"i771294f62d824ddfb8813bd7eea5e385\"></span></span></div><div class=\"ps2217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:243.3pt\">Other reserves include the following components as of </span><span class=\"f charStyle-58d8bcbe ps14878\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps14879\" style=\"width:2.77pt\">:</span><span class=\"f charStyle-58d8bcbe ps7437\" style=\"width:2.77pt\"> </span></div><div class=\"ps14963 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:110.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:52.5pt\"></td></tr><tr style=\"height:54.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1177\"><div><div class=\"ps12212 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14882 ss1178\"><div><div class=\"ps12219 ss360\"><span class=\"f charStyle-8ec81ad0 ps6241\">Share-based<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss360\"><span class=\"f charStyle-8ec81ad0 ps14881\">compensation<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss360\"><span class=\"f charStyle-8ec81ad0 ps6268\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14886 ss1179\"><div><div class=\"ps12217 ss685\"><span class=\"f charStyle-8ec81ad0 ps6225\">Fair\u00a0value<span class=\"f ps26\"> </span></span></div><div class=\"ps12218 ss685\"><span class=\"f charStyle-8ec81ad0 ps9676\">reserve\u00a0of<span class=\"f ps26\"> </span></span></div><div class=\"ps12219 ss685\"><span class=\"f charStyle-8ec81ad0 ps14883\">financial<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss685\"><span class=\"f charStyle-8ec81ad0 ps14884\">assets\u00a0at<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss685\"><span class=\"f charStyle-8ec81ad0 ps14885\">FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13922 ss1180\"><div><div class=\"ps12219 ss1086\"><span class=\"f charStyle-8ec81ad0 ps6213\">Cash\u00a0Flow<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss1086\"><span class=\"f charStyle-8ec81ad0 ps13007\">Hedge\u00a0(CFH)<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss1086\"><span class=\"f charStyle-8ec81ad0 ps9722\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10 ss1181\"><div><div class=\"ps12218 ss159\"><span class=\"f charStyle-8ec81ad0 ps14887\">Foreign<span class=\"f ps26\"> </span></span></div><div class=\"ps12219 ss159\"><span class=\"f charStyle-8ec81ad0 ps9716\">currency<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss159\"><span class=\"f charStyle-8ec81ad0 ps14881\">translation<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13933 ss1182\"><div><div class=\"ps12219 ss514\"><span class=\"f charStyle-8ec81ad0 ps9684\">Employee<span class=\"f ps26\"> </span></span></div><div class=\"ps12214 ss514\"><span class=\"f charStyle-8ec81ad0 ps14888\">benefit\u00a0plan<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss514\"><span class=\"f charStyle-8ec81ad0 ps8870\">reserve<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2284 ss1183\"><div><div class=\"ps12214 ss742\"><span class=\"f charStyle-8ec81ad0 ps14889\">Total\u00a0other<span class=\"f ps26\"> </span></span></div><div class=\"ps12212 ss742\"><span class=\"f charStyle-8ec81ad0 ps14890\">reserves<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11676 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2023</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14891 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">1,832<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14893 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.39pt\"></span></span><span class=\"ps14892\">(13)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14895 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14896 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">564<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14898 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(135)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14899 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">2,281<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"padding:0\"><div class=\"ps5484 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Employee share award <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">scheme</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14900 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">211<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14901 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14903 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.38pt\"></span></span><span class=\"ps14902\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14904 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14905 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps14906 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">211<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8889 ss1191\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net movement <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">recognized in the\u00a0 </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">statement of </span></div><div class=\"ps14907 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">comprehensive income</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14909 ss1192\"><div><div class=\"ps14908 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14911 ss1193\"><div><div class=\"ps14908 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.39pt\"></span></span><span class=\"ps14910\">(1)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14913 ss1194\"><div><div class=\"ps14908 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.39pt\"></span></span><span class=\"ps14912\">(93)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14915 ss1195\"><div><div class=\"ps14908 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.89pt\"></span></span><span class=\"ps14914\">(236)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14917 ss1196\"><div><div class=\"ps14908 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.89pt\"></span></span><span class=\"ps14916\">(2)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14919 ss1197\"><div><div class=\"ps14908 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:28.14pt\"></span></span><span class=\"ps14918\">(332)</span></span></div></div></div></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"><div class=\"ps4719 ss1198\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfer of cash flow <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">hedge reserve to </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">inventories</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14920 ss1199\"><div><div class=\"ps11305 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14921 ss1200\"><div><div class=\"ps11305 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14923 ss1201\"><div><div class=\"ps11305 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.38pt\"></span></span><span class=\"ps14922\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14924 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14925 ss1203\"><div><div class=\"ps11305 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14926 ss1204\"><div><div class=\"ps11305 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.13pt\"></span></span><span class=\"ps8512\">9<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14927 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2024</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14928 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,043<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14929 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:29.39pt\"></span></span><span class=\"ps14892\">(14)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14930 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.39pt\"></span></span><span class=\"ps14912\">(51)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14931 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">328<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14932 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(137)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14933 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">2,169<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps4728 ss596\"><div><div class=\"ps8552 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Employee share award <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">scheme</span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14934 ss368\"><div><div class=\"ps11840 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.88pt\"></span></span><span class=\"ps13061\">188<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14935 ss1205\"><div><div class=\"ps11840 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14936 ss1206\"><div><div class=\"ps11840 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.38pt\"></span></span><span class=\"ps14902\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14937 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14938 ss1208\"><div><div class=\"ps11840 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-top:0.5pt solid #000;padding:0\"><div class=\"ps14939 ss1209\"><div><div class=\"ps11840 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">188<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps13157 ss1191\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net movement <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">recognized in the\u00a0 </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">statement of </span></div><div class=\"ps14907 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">comprehensive income</span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14940 ss1192\"><div><div class=\"ps14908 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14942 ss1193\"><div><div class=\"ps14908 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.38pt\"></span></span><span class=\"ps14941\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14943 ss1194\"><div><div class=\"ps14908 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">96<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14944 ss1195\"><div><div class=\"ps14908 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">515<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14946 ss1196\"><div><div class=\"ps14908 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.88pt\"></span></span><span class=\"ps14945\">24<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps14947 ss1197\"><div><div class=\"ps14908 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.13pt\"></span></span><span class=\"ps11663\">648<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"><div class=\"ps11045 ss1198\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">Transfer of cash flow <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">hedge reserve to </span></div><div class=\"ps9582 ss588\"><span class=\"f charStyle-dd7c1b62 ps2240\">inventories</span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14948 ss1199\"><div><div class=\"ps11305 ss360\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:52.88pt\"></span></span><span class=\"ps13149\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14949 ss1200\"><div><div class=\"ps11305 ss685\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.38pt\"></span></span><span class=\"ps13024\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14951 ss1201\"><div><div class=\"ps11305 ss1086\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:46.39pt\"></span></span><span class=\"ps14950\">(4)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14952 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14953 ss1203\"><div><div class=\"ps11305 ss514\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.88pt\"></span></span><span class=\"ps12322\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14955 ss1204\"><div><div class=\"ps11305 ss742\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.14pt\"></span></span><span class=\"ps14954\">(4)</span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps14956 ss1184\"><div><div class=\"ps7080 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">As of December 31, <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss588\"><span class=\"f charStyle-8ec81ad0 ps2240\">2025</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14957 ss1185\"><div><div class=\"ps11303 ss360\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">2,231<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14958 ss1186\"><div><div class=\"ps11303 ss685\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:34.39pt\"></span></span><span class=\"ps14910\">(1)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14959 ss1187\"><div><div class=\"ps11303 ss1086\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.38pt\"></span></span><span class=\"ps14894\">41<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14960 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.88pt\"></span></span><span class=\"ps12109\">843<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14961 ss1189\"><div><div class=\"ps11303 ss514\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:31.89pt\"></span></span><span class=\"ps14897\">(113)</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14962 ss1190\"><div><div class=\"ps11303 ss742\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.63pt\"></span></span><span class=\"ps12182\">3,001<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps14965 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:173.64pt\">Share-based compensation reserve:</span><span class=\"f charStyle-58d8bcbe ps14964\" style=\"width:294.26pt\"> The share-based compensation reserve is used to recognize the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14966 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">value of equity-settled share-based payment to employees, including key management personnel, as part</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14967 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">of their remuneration. Refer to Note 7.6.20.4 for further details on these share-based compensation</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps14969 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:45pt\">programs.</span><span class=\"f charStyle-58d8bcbe ps14968\" style=\"width:2.77pt\"> </span></div><div class=\"ps14971 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:227.98pt\">Fair value reserve of financial assets at FVOCI:</span><span class=\"f charStyle-58d8bcbe ps14970\" style=\"width:239.98pt\"> This reserve records fair value changes on debt and</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14973 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">equity securities measured at </span><span class=\"f charStyle-58d8bcbe ps14972\" style=\"width:327.08pt\">FVOCI. Refer to Note 7.6.14.1 for further details on these financial assets.</span></div><div class=\"ps14975 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:129.35pt\">Cash Flow hedge reserve: </span><span class=\"f charStyle-58d8bcbe ps14974\" style=\"width:338.59pt\">The cash flow hedge reserve contains the effective portion of the cash flow</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps14978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.29pt\">hedge relationship outstanding as of </span><span class=\"f charStyle-58d8bcbe ps14976\" style=\"width:39.46pt\">year-end</span><span class=\"f charStyle-58d8bcbe ps14977\" style=\"width:261.16pt\">. Refer to Note 7.6.14.4 for further details on these hedge</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps14979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:56.66pt\">transactions.</span></div><div class=\"ps13337 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:191.5pt\">Foreign currency translation reserve: </span><span class=\"f charStyle-58d8bcbe ps14980\" style=\"width:276.5pt\">The foreign currency translation reserve is used to record</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps13338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">exchange differences arising from the translation of the financial statements for subsidiaries which</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps13339 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:223.62pt\">functional currency is different from the U.S. dollar.</span><span class=\"f charStyle-58d8bcbe ps14981\" style=\"width:2.77pt\"> </span></div><div class=\"ps13341 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:150.88pt\">Employee benefit plan reserve:</span><span class=\"f charStyle-58d8bcbe ps14982\" style=\"width:317.01pt\"> The employee benefit plan reserve is used to recognize the actuarial</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14985 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:302.31pt\">gains and losses and past service cost of post-employment pension </span><span class=\"f charStyle-58d8bcbe ps14983\" style=\"width:23.9pt\">plans</span><span class=\"f charStyle-58d8bcbe ps14984\" style=\"width:141.65pt\">. Refer to Note 7.6.23 for further</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps14986 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:178.33pt\">details on these employee benefit plans.</span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.7.\u00a0Legal reserves <span id=\"ie62f17814fda4bfba95bf49ddebbfb02\"></span></span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.3pt\">Refer to Note 8.3.13 for the composition of the Company\u2019s legal reserves.</span><span class=\"f charStyle-58d8bcbe ps15028\" style=\"width:2.77pt\"> </span></div><div class=\"ps1742 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.42pt\">The cumulative amount of legal reserves as of </span><span class=\"f charStyle-58d8bcbe ps16956\" style=\"width:89.85pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps16957\" style=\"width:162.7pt\"> is split as follows: $1,292 million of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1743 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">capitalized development expenditures and internally developed software expenditures, $442\u00a0million of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1746 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:446.3pt\">subsidiaries non distributable reserves, $843\u00a0million of currency translation adjustment gain and</span><span class=\"f charStyle-58d8bcbe ps7628\" style=\"width:21.59pt\"> $41</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps4210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:166.11pt\">million unrealized gain on derivatives.</span><span class=\"f charStyle-58d8bcbe ps16958\" style=\"width:2.77pt\"> </span></div><div class=\"ps1795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:215.42pt\">The cumulative amount of legal reserves as of </span><span class=\"f charStyle-58d8bcbe ps16956\" style=\"width:89.85pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps16957\" style=\"width:162.7pt\"> is split as follows: $1,188 million of</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">capitalized development expenditures and internally developed software expenditures, $400\u00a0million of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps4280 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:406.08pt\">subsidiaries non distributable reserves, $328\u00a0million of currency translation adjustment gain.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-490": {
   "value": "<div class=\"ps14988 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.20.6. Dividends <span id=\"i68792c39cb694442bdc134f2855e2070\"></span></span></div><div class=\"ps14989 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Company is governed under the laws of the Netherlands. The Articles of Association provide that the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps14990 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">net result for the year, after deduction of (i) any amount to set up and maintain reserves required by Dutch</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Law and the Articles of Association, (ii) if any of the Company's preference shares are issued and</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">outstanding, the dividend to be paid to the holders of preference shares and (iii) the aforementioned</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.49pt\">allocation to the reserve fund, is subject to the disposition by the </span><span class=\"f charStyle-58d8bcbe ps14991\" style=\"width:22.76pt\">AGM</span><span class=\"f charStyle-58d8bcbe ps14992\" style=\"width:2.77pt\">.</span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:123.41pt\">The AGM held on May 28, </span><span class=\"f charStyle-58d8bcbe ps14993\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14994\" style=\"width:224.02pt\">, authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps14995\" style=\"width:25.01pt\">$0.36</span><span class=\"f charStyle-58d8bcbe ps14996\" style=\"width:73.19pt\"> per outstanding</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.09 in each of the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:182.12pt\">second, third and fourth quarters of </span><span class=\"f charStyle-58d8bcbe ps14997\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps14998\" style=\"width:211.78pt\"> and first quarter of 2026. An amount of </span><span class=\"f charStyle-58d8bcbe ps14999\" style=\"width:51.75pt\">$81\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:167.71pt\">corresponding to the first installment, </span><span class=\"f charStyle-58d8bcbe ps15000\" style=\"width:48.11pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15001\" style=\"width:203.97pt\"> corresponding to the second installment and </span><span class=\"f charStyle-58d8bcbe ps15002\" style=\"width:48.11pt\">$71\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:250.23pt\">corresponding to the third installment were paid as of </span><span class=\"f charStyle-58d8bcbe ps15003\" style=\"width:90.69pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15004\" style=\"width:83.36pt\">. The amounts of </span><span class=\"f charStyle-58d8bcbe ps7758\" style=\"width:43.67pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:317.05pt\">corresponding to the remaining portion of the third installment and </span><span class=\"f charStyle-58d8bcbe ps15005\" style=\"width:50.1pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15006\" style=\"width:100.85pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">remaining installment were presented in the line \u201cOther payables and accrued liabilities\u201d of the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:217.74pt\">consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15007\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15008\" style=\"width:2.77pt\">.</span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.65pt\">The </span><span class=\"f charStyle-58d8bcbe ps15009\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15010\" style=\"width:98.27pt\"> AGM held on May </span><span class=\"f charStyle-58d8bcbe ps15011\" style=\"width:11.12pt\">22</span><span class=\"f charStyle-58d8bcbe ps15012\" style=\"width:8.2pt\">, </span><span class=\"f charStyle-58d8bcbe ps15013\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15014\" style=\"width:238.35pt\"> authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps15015\" style=\"width:25.01pt\">$0.36</span><span class=\"f charStyle-58d8bcbe ps15016\" style=\"width:19.88pt\"> per</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">outstanding share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.09 in</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:210.96pt\">each of the second, third and fourth quarters of </span><span class=\"f charStyle-58d8bcbe ps15017\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15018\" style=\"width:86.87pt\"> and first quarter of </span><span class=\"f charStyle-58d8bcbe ps15019\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15020\" style=\"width:125.59pt\">. The amounts of $81\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">corresponding to the first installment, $81\u00a0million corresponding to the second installment and $72\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:327.98pt\">corresponding to the third installment were paid in 2024.\u00a0 An amount of </span><span class=\"f charStyle-58d8bcbe ps15021\" style=\"width:43.18pt\">$9\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15022\" style=\"width:96.77pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:200.59pt\">remaining portion of the third installment and </span><span class=\"f charStyle-58d8bcbe ps15023\" style=\"width:47.87pt\">$80\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15024\" style=\"width:219.49pt\"> corresponding to the fourth installment were paid</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3072 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:10.55pt\">in </span><span class=\"f charStyle-58d8bcbe ps5381\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15025\" style=\"width:2.77pt\">.</span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:423.07pt\">The 2023 AGM held on May 25, 2023 authorized the distribution of a cash dividend of </span><span class=\"f charStyle-58d8bcbe ps15015\" style=\"width:25.01pt\">$0.24</span><span class=\"f charStyle-58d8bcbe ps15016\" style=\"width:19.88pt\"> per</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">outstanding share of the Company\u2019s common stock, to be distributed in quarterly installments of $0.06 in</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:320.07pt\">each of the second, third and fourth quarters of 2023 and first quarter of </span><span class=\"f charStyle-58d8bcbe ps15019\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15020\" style=\"width:125.59pt\">. The amounts of $55\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">corresponding to the first installment, $54\u00a0million corresponding to the second installment and $54\u00a0million</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:322.93pt\">corresponding to the third installment were paid in 2023. An amount of </span><span class=\"f charStyle-58d8bcbe ps15026\" style=\"width:48.63pt\">$54\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15027\" style=\"width:96.44pt\"> corresponding to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.64pt\">fourth installment was paid in 2024.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-491": {
   "value": "0.36",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "f-492": {
   "value": "0.36",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "f-493": {
   "value": "0.24",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "f-495": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.21. Provisions<span id=\"i540995811b9f490990c7eae86fc4a414\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:402.22pt\">Movements in provisions during the year ended December 31,2025 are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15029\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1210\"><div><div class=\"ps10724 ss49\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps15031 ss1212\"><div><div class=\"ps10724 ss101\"><span class=\"f charStyle-a9f4bb30 ps15030\">Restructuring<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps12543 ss1212\"><div><div class=\"ps15033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15032\">Warranty and <span class=\"f ps26\"> </span></span></div><div class=\"ps15034 ss101\"><span class=\"f charStyle-a9f4bb30 ps9006\">product </span></div><div class=\"ps10724 ss101\"><span class=\"f charStyle-a9f4bb30 ps15035\">Guarantee</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5398 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15037 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15039 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">4<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3564 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Charges incurred in 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15040 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15041 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15042 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Amounts paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15043 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15045 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(4)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15046 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2800 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Charges incurred in 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15049 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15050 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">5<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Amounts paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15051 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12979 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(5)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15052 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15053 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7809 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Current 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15054 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15055 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8319 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Non-current 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15056 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15057 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:118.79pt\">Restructuring provisions</span></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Starting 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">footprint by accelerating the wafer fab capacity to 300mm Silicon (Agrate, Italy and Crolles, France) and</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">200mm Silicon Carbide (Catania, Italy) and resizing its global cost base. This program is expected to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">result in strengthening the Group's capability to grow revenues with an improved operating efficiency.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified certain</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">impairment indicators which triggered an impairment test on its manufacturing activities impacted by the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:198.85pt\">program, as further described in Note 7.6.10.</span><span class=\"f charStyle-58d8bcbe ps8446\" style=\"width:2.77pt\"> </span></div><div class=\"ps15063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.25pt\">In 2025, the Group recorded restructuring charges totaling </span><span class=\"f charStyle-58d8bcbe ps15059\" style=\"width:54.5pt\">$176\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15060\" style=\"width:48.45pt\">, of which </span><span class=\"f charStyle-58d8bcbe ps15061\" style=\"width:48.94pt\">$97\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15062\" style=\"width:46.75pt\"> related to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">employee voluntary termination benefits, including consulting and legal advice costs. The Group reported</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">$46 million liabilities for employee termination benefits as part of the restructuring program, as further</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.23.</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:157.29pt\">In 2025, the Group also recorded </span><span class=\"f charStyle-58d8bcbe ps15065\" style=\"width:49.09pt\">$79\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15066\" style=\"width:261.57pt\"> related to non-labor costs incurred on the manufacturing</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.46pt\">reshaping program, of which contract termination costs totaling </span><span class=\"f charStyle-58d8bcbe ps15067\" style=\"width:47.9pt\">$69\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15068\" style=\"width:138.59pt\"> in consideration of the Group's</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reshape of its manufacturing footprint. Out of the total $69 million contract termination costs, a provision</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">amounting to $32\u00a0million was recorded in the line \"Current provisions\" of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">financial position as of December 31, 2025 for cancellation fees to early terminate a long-term supply</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">agreement. The reminder $37 million contract termination costs related to the write-off of advances paid</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">on these long-term supplies. As of December 31, 2025, the Group also reported a $3 million clawback</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">provision related to public funding that may be reimbursed in one of the location impacted by the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:98.32pt\">restructuring program.</span><span class=\"f charStyle-58d8bcbe ps15072\" style=\"width:2.77pt\"> </span></div><div class=\"ps3926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:154.33pt\">Warranty and product guarantee</span></div><div class=\"ps3927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group's customers occasionally return the Group's products for technical reasons. The Group's</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">standard terms and conditions of sale provide that if the Group determines that products do not conform,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the Group will repair or replace the non-conforming products, or issue a credit or rebate of the purchase</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps15074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">price. Quality returns are identified shortly after sale in customer quality control testing. Quality returns are</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.96pt\">usually associated with end-user customers, not with distribution channels.</span></div><div class=\"ps16169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:68.83pt\">Contingencies</span><span class=\"f charStyle-58d8bcbe ps16168\" style=\"width:2.77pt\"> </span></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is subject to possible loss contingencies arising in the ordinary course of business. These</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">include but are not limited to: product liability claims and/or warranty cost on the products of the Group,</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">contractual disputes, indemnification claims, claims for unauthorized use of third-party intellectual</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">property, employee grievances, tax claims beyond assessed uncertain tax positions and environmental</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3932 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">damages. The Group is also exposed to numerous legal risks including potential product recalls,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3933 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">environmental, shareholder rights, tariffs and export control regulations, anti-trust, anti-corruption,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3934 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">competition as well as other compliance risks and regulations. The Group may also face claims in the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps16171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">event of breaches of law committed by individual employees or third parties. In determining loss</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contingencies, the Group considers the likelihood of the occurrence of a liability at the date of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated financial statements as well as the ability to reasonably estimate the amount of such loss or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">liability. The Group records a provision for a loss contingency when information available before the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">consolidated financial statements are issued or are available to be issued indicates that it is probable that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">an asset has been impaired or a liability has been incurred at the date of the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">statements and when the amount of loss can be reasonably estimated. The Group regularly re-evaluates</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">any potential losses and claims to determine whether provisions need to be adjusted based on the most</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">current information available to the Group. Changes in these evaluations could result in an adverse</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">material impact on the Group's results of operations, cash flows or its financial position for the period in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">which they occur.</span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:141pt\">Claims and legal proceedings</span><span class=\"f charStyle-a745408e ps16172\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.11pt\">On August 23, 2024, </span><span class=\"f charStyle-58d8bcbe ps16173\" style=\"width:15.55pt\">two</span><span class=\"f charStyle-58d8bcbe ps16174\" style=\"width:352.26pt\"> lawsuits were filed against the Group, and its CEO and CFO, in the United</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">States District Court for the Southern District of New York alleging that the Group provided excessively</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">positive statements to investors concerning 2024 expected revenue and issued false or misleading</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statements or concealed negative facts regarding the Group's business, operations, and prospects, in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">violation of U.S. securities laws. The lawsuits were consolidated into a single lawsuit and thereafter the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">plaintiff filed amended complaints asserting claims for violation of Sections 10(b) and 20(a) of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Securities Exchange Act, and expanding the purported class period from March 14, 2023, to January 29,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">2025. The Group and its CEO and CFO moved to dismiss the lawsuit which motion was denied by the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Court on September 15, 2025. The Group and its CEO and CFO believe that they have strong legal</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">defenses against the allegations in the amended complaints and will vigorously defend themselves in</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:24.99pt\">court.</span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group has received and may in the future receive communications alleging possible infringements of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">third-party patents or other third-party intellectual property rights. Furthermore, the Group from time to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">time enters into discussions regarding a broad patent cross license arrangement with other industry</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">participants. There is no assurance that such discussions may be brought to a successful conclusion and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">result in the intended agreement. The Group may become involved in costly litigation brought against the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group regarding patents, mask works, copyrights, trademarks or trade secrets. In the event that the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">outcome of any litigation would be unfavorable to the Group, the Group may be required to take a license</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">to third-party patents and/or other intellectual property rights at economically unfavorable terms and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">conditions, and possibly pay damages for prior use and/or face an injunction, all of which individually or in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the aggregate could have a material adverse effect on the Group\u2019s results of operations, cash flows,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.3pt\">financial position and/or ability to compete.</span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">On December 4, 2023, a jury in the United States District Court for the Western District of Texas in Waco,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.59pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Texas (USA) returned a verdict in a patent infringement lawsuit in favor of the plaintiff, Purdue University.</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">On June 7, 2024, the Court accepted the jury's verdict and entered a judgment against the Group in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">amount of $32 million. Thereafter, the Group filed several post-trial motions challenging the verdict. In the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">event the Court denies the Group's post-trial motions, the Group intends to appeal to the U.S. Court of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Appeals for the Federal Circuit in Washington DC. The risk on this case is considered possible with the</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.3pt\">possible loss currently estimated at </span><span class=\"f charStyle-58d8bcbe ps16175\" style=\"width:47.78pt\">$32\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16176\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps16177\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group has contractual commitments to various customers which could require the Group to incur</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs to repair or replace defective products it supplies to such customer. The duration of these</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">contractual commitments varies and, in certain cases, is indefinite. The Group is otherwise also involved</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">in various lawsuits, claims, inquiries, inspections, investigations and/or proceedings incidental to its</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">business and operations. Such matters, even if not meritorious, could result in the expenditure of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">significant financial or managerial resources. Any of the foregoing could have a material adverse effect on<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:300.29pt\">the Group\u2019s results of operations, cash flows or its financial position.</span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:22.42pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16178\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16179\" style=\"width:309.54pt\">, respectively, provisions for estimated probable losses with respect to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.78pt\">claims and legal proceedings were not considered material.</span><span class=\"f charStyle-58d8bcbe ps16180\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Other Contingencies</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group regularly evaluates claims and legal proceedings together with their related probable losses to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determine whether they need to be adjusted based on the current information available to the Group.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.59pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">There can be no assurance that its recorded reserves or insurance policies will be sufficient to cover the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">extent of its potential liabilities. Legal costs associated with claims are expensed as incurred. In the event</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of litigation which is adversely determined with respect to the Group\u2019s interests, or in the event the Group</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">needs to change its evaluation of a potential third-party claim, based on new evidence or</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">communications, a material adverse effect could impact its operations or financial condition at the time it</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">were to materialize.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-494": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.21. Provisions<span id=\"i540995811b9f490990c7eae86fc4a414\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:402.22pt\">Movements in provisions during the year ended December 31,2025 are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15029\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:297pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1210\"><div><div class=\"ps10724 ss49\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps15031 ss1212\"><div><div class=\"ps10724 ss101\"><span class=\"f charStyle-a9f4bb30 ps15030\">Restructuring<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.75pt solid #000000;padding:0\"><div class=\"ps12543 ss1212\"><div><div class=\"ps15033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15032\">Warranty and <span class=\"f ps26\"> </span></span></div><div class=\"ps15034 ss101\"><span class=\"f charStyle-a9f4bb30 ps9006\">product </span></div><div class=\"ps10724 ss101\"><span class=\"f charStyle-a9f4bb30 ps15035\">Guarantee</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5398 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15037 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15039 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">4<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3564 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Charges incurred in 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15040 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15041 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15042 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Amounts paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15043 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15045 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(4)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2024<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15046 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2800 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Charges incurred in 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15049 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15050 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">5<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Amounts paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15051 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12979 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(5)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-a9f4bb30 ps52\">As at December 31, 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15052 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15053 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7809 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Current 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15054 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">35<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15055 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8319 ss1213\"><div><div class=\"ps4616 ss49\"><span class=\"f charStyle-c2d5035f ps52\">Non-current 2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15056 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15057 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:118.79pt\">Restructuring provisions</span></div><div class=\"ps14564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">Starting 2025, the Group engaged in a company-wide program aimed to reshape its manufacturing</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps13248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">footprint by accelerating the wafer fab capacity to 300mm Silicon (Agrate, Italy and Crolles, France) and</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">200mm Silicon Carbide (Catania, Italy) and resizing its global cost base. This program is expected to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">result in strengthening the Group's capability to grow revenues with an improved operating efficiency.</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Following the announcement of the launch of its reshaping plan in April 2025, the Group identified certain</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">impairment indicators which triggered an impairment test on its manufacturing activities impacted by the</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:198.85pt\">program, as further described in Note 7.6.10.</span><span class=\"f charStyle-58d8bcbe ps8446\" style=\"width:2.77pt\"> </span></div><div class=\"ps15063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.25pt\">In 2025, the Group recorded restructuring charges totaling </span><span class=\"f charStyle-58d8bcbe ps15059\" style=\"width:54.5pt\">$176\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15060\" style=\"width:48.45pt\">, of which </span><span class=\"f charStyle-58d8bcbe ps15061\" style=\"width:48.94pt\">$97\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15062\" style=\"width:46.75pt\"> related to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">employee voluntary termination benefits, including consulting and legal advice costs. The Group reported</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">$46 million liabilities for employee termination benefits as part of the restructuring program, as further</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.1pt\">described in Note 7.6.23.</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:157.29pt\">In 2025, the Group also recorded </span><span class=\"f charStyle-58d8bcbe ps15065\" style=\"width:49.09pt\">$79\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15066\" style=\"width:261.57pt\"> related to non-labor costs incurred on the manufacturing</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.46pt\">reshaping program, of which contract termination costs totaling </span><span class=\"f charStyle-58d8bcbe ps15067\" style=\"width:47.9pt\">$69\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15068\" style=\"width:138.59pt\"> in consideration of the Group's</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">reshape of its manufacturing footprint. Out of the total $69 million contract termination costs, a provision</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">amounting to $32\u00a0million was recorded in the line \"Current provisions\" of the consolidated statement of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">financial position as of December 31, 2025 for cancellation fees to early terminate a long-term supply</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">agreement. The reminder $37 million contract termination costs related to the write-off of advances paid</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">on these long-term supplies. As of December 31, 2025, the Group also reported a $3 million clawback</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">provision related to public funding that may be reimbursed in one of the location impacted by the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps3924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:98.32pt\">restructuring program.</span><span class=\"f charStyle-58d8bcbe ps15072\" style=\"width:2.77pt\"> </span></div><div class=\"ps3926 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:154.33pt\">Warranty and product guarantee</span></div><div class=\"ps3927 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">The Group's customers occasionally return the Group's products for technical reasons. The Group's</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps3928 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">standard terms and conditions of sale provide that if the Group determines that products do not conform,</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">the Group will repair or replace the non-conforming products, or issue a credit or rebate of the purchase</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps15074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">price. Quality returns are identified shortly after sale in customer quality control testing. Quality returns are</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.96pt\">usually associated with end-user customers, not with distribution channels.</span></div><div class=\"ps5731 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.23. Employee benefits <span id=\"if0b6732a7ce84b46a0bab4d3474675f7\"></span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:14.99pt\">Em</span><span class=\"f charStyle-58d8bcbe ps15099\" style=\"width:212.19pt\">ployee benefits liabilities are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps976\" style=\"width:2.77pt\"> </span></div><div class=\"ps15112 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Retirement benefit obligation liability<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">372<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">346<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other long-term employee benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other employee benefits liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">68<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">50<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Salaries and wages<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">612<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">569<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Social charges on salaries and wages<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12968 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12969 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">216<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Restructuring liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12938 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12939 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13540 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total employee benefits liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15104 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,474<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15105 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,293<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11796 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15106 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15107 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8705 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Current liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15108 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">923<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15109 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">833<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4358 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15110 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">551<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15111 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">462<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:111.01pt\">Restructuring liabilities</span></div><div class=\"ps9343 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.25pt\">In 2025, the Group recorded restructuring charges totaling </span><span class=\"f charStyle-58d8bcbe ps15059\" style=\"width:54.5pt\">$176\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15060\" style=\"width:48.45pt\">, of which </span><span class=\"f charStyle-58d8bcbe ps15061\" style=\"width:48.94pt\">$97\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15062\" style=\"width:46.75pt\"> related to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14693 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">employee voluntary termination benefits, including consulting and legal advice costs. The employee</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps15114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">termination benefits are accrued on the balance sheet at the date the employees irrevocably accept the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">offer to leave the Group. As of December 31, 2025, the Group reported $46 million liabilities for employee</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps15116 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:249.38pt\">termination benefits as part of the restructuring program.</span></div><div class=\"ps15118 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:44.41pt\">Pensions</span><span class=\"f charStyle-a745408e ps15117\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group has a number of defined benefit pension plans covering employees in various countries. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">defined benefit plans provide pension benefits based on years of service and employee compensation</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">levels. The Group uses December 31 as measurement date for all its plans. Eligibility is generally</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.29pt\">determined in accordance with local statutory requirements. In </span><span class=\"f charStyle-58d8bcbe ps15119\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15120\" style=\"width:23.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15121\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15122\" style=\"width:117.81pt\">, the major defined benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">pension plans and long-term employee benefit plans were in the USA (retirement plan closed to new</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">entrants and future accrual), France (retirement indemnities), Switzerland (retirement pension system),</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">United Kingdom (retirement benefit scheme closed to new entrants and future accrual) and Italy</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:297.16pt\">(termination indemnity plan (\u201cTFR\u201d) generated before July 1, 2007).</span><span class=\"f charStyle-58d8bcbe ps15123\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:391.05pt\">The amounts recognized in the statement of financial position are determined as follows:</span><span class=\"f charStyle-58d8bcbe ps15124\" style=\"width:2.77pt\"> </span></div><div class=\"ps11684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefit obligations wholly or partially funded<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(784)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(712)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value of plan assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefit obligations wholly unfunded<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(287)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(260)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Asset ceiling<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12965 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12966 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2725 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total pension liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15127 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15126\">(372)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15128 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15126\">(346)<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.06pt\">The movements in the pension liability are as follows:</span><span class=\"f charStyle-58d8bcbe ps15129\" style=\"width:2.77pt\"> </span></div><div class=\"ps15145 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1221\"><div><div class=\"ps4616 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5106 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15131 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">346<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15132 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">357<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8653 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Exchange difference<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15133 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">38<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15135 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(15)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15136 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Pension expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15137 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">50<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15138 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">47<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9577 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Contributions paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15139 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(38)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15140 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9613 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Remeasurement (gain) / loss recognized in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15141 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(24)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15142 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10740 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15143 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">372<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15144 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">346<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.1pt\">Changes in defined benefit obligations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15146\" style=\"width:2.77pt\"> </span></div><div class=\"ps15170 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">972<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">991<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">38<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">32<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">39<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">36<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee contributions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">7<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">6<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Plan amendment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">6<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Experience<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Demographic assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15156 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15157 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">8<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Financial assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15159 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15158\">(11)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15160 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(21)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4967 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of curtailment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15161 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(8)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15162 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15163 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(48)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15164 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(51)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11976 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15165 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">74<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15166 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(34)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11326 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15168 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15167\">1,071<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15169 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">972<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:324.43pt\">Defined benefit obligations by main geographical locations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15171\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1225\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15173 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">204<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">181<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15175 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">79<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">75<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15176 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">253<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">216<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">United Kingdom<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15180 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15179\">117<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15179\">110<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">United States<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15182 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">326<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">308<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15185 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">92<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15186 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">82<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12778 ss1228\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15188 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps15187\">1,071<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15189 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps15172\">972<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:170.54pt\">Changes in plan assets are as follows:</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:2.77pt\"> </span></div><div class=\"ps11828 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1225\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15173 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">654<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Interest income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15175 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">28<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employer contribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15176 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employee contribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15180 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15182 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(31)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(37)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial gain (loss)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15185 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15186 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(10)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15196 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15091 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(18)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1228\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15197 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15198 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.5pt\">The actual return on plan assets in </span><span class=\"f charStyle-58d8bcbe ps4844\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15199\" style=\"width:118.72pt\"> was a gain of $29 million (</span><span class=\"f charStyle-58d8bcbe ps15200\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15201\" style=\"width:106.42pt\">: gain of $16 million). In </span><span class=\"f charStyle-58d8bcbe ps15202\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15203\" style=\"width:19.49pt\">, the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:304.21pt\">theoretical interest income on plan assets was a gain of $28 million (</span><span class=\"f charStyle-58d8bcbe ps4474\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15204\" style=\"width:141.54pt\">: gain of $26 million) resulting in</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.64pt\">a gain on plan assets of $1 million (</span><span class=\"f charStyle-58d8bcbe ps15205\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15206\" style=\"width:91.07pt\">: loss of $10 million).</span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.31pt\">Plan assets by main geographical locations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15207\" style=\"width:2.77pt\"> </span></div><div class=\"ps15213 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">230<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">186<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">United Kingdom<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15208 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">123<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">130<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">United States<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">287<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">273<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">64<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">54<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9580 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15211 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15212 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:201.41pt\">The effects of the asset ceiling are as follows:</span><span class=\"f charStyle-58d8bcbe ps15215\" style=\"width:2.77pt\"> </span></div><div class=\"ps15222 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1222\"><div><div class=\"ps8645 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6187 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15217 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15218 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15219 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of asset ceiling recognized during the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15220 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15221 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2298 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15151 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15152 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:372.73pt\">The amounts recognized in the income statement related to pensions are as follows:</span><span class=\"f charStyle-58d8bcbe ps15224\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">38<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Scheme expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Plan amendments cost / (credit)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Plan curtailments cost / (credit)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">36<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15226 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(28)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15227 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(26)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5137 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest on asset ceiling<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15228 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15229 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4967 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total pension costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15161 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">50<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15162 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">47<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4784 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group\u2019s detailed pension plan asset allocation including the fair value measurements of those plan</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:56.09pt\">assets as of </span><span class=\"f charStyle-58d8bcbe ps15230\" style=\"width:87.79pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15231\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps15232\" style=\"width:2.77pt\"> </span></div><div class=\"ps15296 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:209.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:74.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1231\"><div><div class=\"ps15233 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15235 ss1232\"><div><div class=\"ps15233 ss652\"><span class=\"f charStyle-a9f4bb30 ps15234\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15244 ss1233\"><div><div class=\"ps45 ss358\"><span class=\"f charStyle-a9f4bb30 ps15236\">Quoted<span class=\"f ps26\"> </span></span></div><div class=\"ps15237 ss358\"><span class=\"f charStyle-a9f4bb30 ps8868\">Prices in<span class=\"f ps26\"> </span></span></div><div class=\"ps15238 ss358\"><span class=\"f charStyle-a9f4bb30 ps6192\">Active<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss358\"><span class=\"f charStyle-a9f4bb30 ps9659\">Markets for<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss358\"><span class=\"f charStyle-a9f4bb30 ps15240\">Identical<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss358\"><span class=\"f charStyle-a9f4bb30 ps9966\">Assets<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss358\"><span class=\"f charStyle-a9f4bb30 ps15243\">(Level 1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2236 ss1234\"><div><div class=\"ps15238 ss395\"><span class=\"f charStyle-a9f4bb30 ps15245\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss395\"><span class=\"f charStyle-a9f4bb30 ps9865\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss395\"><span class=\"f charStyle-a9f4bb30 ps15246\">Observable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss395\"><span class=\"f charStyle-a9f4bb30 ps14609\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss395\"><span class=\"f charStyle-a9f4bb30 ps8976\">(Level 2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15250 ss1235\"><div><div class=\"ps15239 ss393\"><span class=\"f charStyle-a9f4bb30 ps15247\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss393\"><span class=\"f charStyle-a9f4bb30 ps15248\">Unobservable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss393\"><span class=\"f charStyle-a9f4bb30 ps15249\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss393\"><span class=\"f charStyle-a9f4bb30 ps8869\">(Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8250 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Cash and cash equivalents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15252 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15254 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15256 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15258 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps711 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15260 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">185<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15261 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">72<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15263 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">97<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15265 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8607 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Government debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15266 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">80<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15268 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15269 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">80<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15270 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Corporate debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15271 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15272 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15273 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15274 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps3699 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Investment funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15275 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">65<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15276 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15277 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">47<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15279 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.73pt\"></span></span><span class=\"ps15278\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Real estate (1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15280 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">62<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15281 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15283 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15284 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">54<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Other (mainly insurance assets) (2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15285 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">203<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15286 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15287 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15289 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2680 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15290 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15292 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.36pt\"></span></span><span class=\"ps15291\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15294 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:45.61pt\"></span></span><span class=\"ps15293\">337<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15295 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-7dddebd3\"><span class=\"ps3352\" style=\"width:6.35pt\">(1)<span style=\"display:inline-block;height:3.7830000000000004pt;width:11.65pt\"></span></span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:450pt\">Level 3 real estate assets are valued at their earnings value, which is based on the capitalization of sustainably realizable</span><span class=\"f charStyle-3452d124 ps1634\" style=\"width:2.22pt\"> </span></div><div class=\"ps10025 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:242.86pt\">rents, specifically from the rental status as at the balance sheet date.</span><span class=\"f charStyle-3452d124 ps15298\" style=\"width:2.22pt\"> </span></div><div class=\"ps15299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-7dddebd3 ps3352\" style=\"width:6.35pt\"><sup>(2)</sup></span><span class=\"f charStyle-3452d124\"><span class=\"ps3353\" style=\"width:0pt\"><span style=\"display:inline-block;height:5.82pt;width:11.65pt\"></span></span><span class=\"ps1808\" style=\"width:449.89pt\">In 2025, Trustees of the United Kingdom pension plans entered into an agreement with an insurer for the bulk annuity purchase</span></span><span class=\"f charStyle-3452d124 ps1659\" style=\"width:2.22pt\"> </span></div><div class=\"ps15302 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:80.42pt\">of the plans, covering </span><span class=\"f charStyle-3452d124 ps15300\" style=\"width:20.43pt\">100%</span><span class=\"f charStyle-3452d124 ps15301\" style=\"width:349.04pt\"> of the plan\u2019s members. This agreement, or buy-in, resulted in an exchange of plan assets for an</span><span class=\"f charStyle-3452d124 ps1659\" style=\"width:2.22pt\"> </span></div><div class=\"ps15303 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.84pt\">annuity that covers the plan\u2019s future projected benefit obligations. The initial value equals the premium paid to the insurer, and</span><span class=\"f charStyle-3452d124 ps1836\" style=\"width:2.22pt\"> </span></div><div class=\"ps15304 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.92pt\">subsequent fair-value changes reflect current buy-in pricing assumptions (inflation and discount rates tied to gilt curves). The</span><span class=\"f charStyle-3452d124 ps1643\" style=\"width:2.22pt\"> </span></div><div class=\"ps15305 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:281.05pt\">largest component of other assets reflect those bulk annuity contracts (buy-ins).</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">The Group\u2019s detailed pension plan asset allocation including the fair value measurements of those plan </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">assets as of </span><span class=\"f charStyle-58d8bcbe ps15230\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15231\"> is as follows: </span></div><div class=\"ps9328 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:209.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:74.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1231\"><div><div class=\"ps15233 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15235 ss1232\"><div><div class=\"ps15233 ss652\"><span class=\"f charStyle-a9f4bb30 ps15234\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15244 ss1234\"><div><div class=\"ps45 ss395\"><span class=\"f charStyle-a9f4bb30 ps15306\">Quoted<span class=\"f ps26\"> </span></span></div><div class=\"ps15237 ss395\"><span class=\"f charStyle-a9f4bb30 ps7868\">Prices in<span class=\"f ps26\"> </span></span></div><div class=\"ps15238 ss395\"><span class=\"f charStyle-a9f4bb30 ps12561\">Active<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss395\"><span class=\"f charStyle-a9f4bb30 ps15307\">Markets\u00a0for<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss395\"><span class=\"f charStyle-a9f4bb30 ps15308\">Identical<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss395\"><span class=\"f charStyle-a9f4bb30 ps15309\">Assets<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss395\"><span class=\"f charStyle-a9f4bb30 ps8976\">(Level 1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10844 ss1233\"><div><div class=\"ps15238 ss358\"><span class=\"f charStyle-a9f4bb30 ps6483\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss358\"><span class=\"f charStyle-a9f4bb30 ps15310\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss358\"><span class=\"f charStyle-a9f4bb30 ps15311\">Observable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss358\"><span class=\"f charStyle-a9f4bb30 ps15312\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss358\"><span class=\"f charStyle-a9f4bb30 ps15243\">(Level 2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15250 ss1235\"><div><div class=\"ps15239 ss393\"><span class=\"f charStyle-a9f4bb30 ps15247\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss393\"><span class=\"f charStyle-a9f4bb30 ps15248\">Unobservable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss393\"><span class=\"f charStyle-a9f4bb30 ps15249\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss393\"><span class=\"f charStyle-a9f4bb30 ps8869\">(Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8250 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Cash and cash equivalents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15252 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:23.73pt\"></span></span><span class=\"ps15313\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15254 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15314 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15258 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps711 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15260 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">91<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15261 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15315 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15265 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8607 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Government debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15266 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15268 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15316 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15270 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Corporate debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15271 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">94<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15272 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15317 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">77<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15274 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps3699 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Investment funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15275 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15276 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15318 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15279 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Real estate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15280 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15281 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15319 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15284 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Other (mainly insurance assets)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15285 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">275<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15286 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15320 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15289 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">215<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2680 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15290 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15292 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15321 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.36pt\"></span></span><span class=\"ps15291\">390<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15295 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">232<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.51pt\">The majority of plans (i</span><span class=\"f charStyle-58d8bcbe ps15322\" style=\"width:103.93pt\">n the United Kingdom</span><span class=\"f charStyle-58d8bcbe ps15323\" style=\"width:252.51pt\">, United States and Switzerland) are governed by an</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:321.11pt\">independent board of trustees, which includes employer representatives.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15324\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">In 2025, Trustees of the United Kingdom pension plans entered into an agreement with an insurer for the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:207.92pt\">bulk annuity purchase of the plans, covering </span><span class=\"f charStyle-58d8bcbe ps15325\" style=\"width:25.57pt\">100%</span><span class=\"f charStyle-58d8bcbe ps15326\" style=\"width:234.51pt\"> of the plan\u2019s members. This agreement, or buy-in,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">resulted in an exchange of plan assets for an annuity that covers the plan\u2019s future projected benefit</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:421.36pt\">obligations. The fair value of the buy-in contract is set equal to the defined benefit that it covers.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group\u2019s investment strategy for its pension plans is to optimize the long-term investment return on</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">plan assets in relation to the liability structure to maintain an acceptable level of risk while minimizing the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">cost of providing pension benefits and maintaining adequate funding levels in accordance with applicable</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:109.43pt\">rules in each jurisdiction.</span><span class=\"f charStyle-58d8bcbe ps15327\" style=\"width:2.77pt\"> </span></div><div class=\"ps14412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group\u2019s practice is to periodically conduct a review in each subsidiary of its asset allocation strategy,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">in such a way that the asset allocation is in line with the targeted asset allocation within reasonable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">boundaries. The Group\u2019s asset portfolios are managed in such a way as to achieve adapted diversity. The</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps7052 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.14pt\">Group does not manage any assets internally.</span><span class=\"f charStyle-58d8bcbe ps7021\" style=\"width:2.77pt\"> </span></div><div class=\"ps15328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">After considering the funded status of the Group\u2019s defined benefit plans, movements in the discount rate,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps7053 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">investment performance and related tax consequences, the Group may choose to make contributions to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps7054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:315.14pt\">its pension plans in any given year in excess of required amounts. In </span><span class=\"f charStyle-58d8bcbe ps15329\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15330\" style=\"width:130.52pt\">, the Group\u2019s contributions to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5744 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:83.33pt\">plan assets were $</span><span class=\"f charStyle-58d8bcbe ps15331\" style=\"width:11.12pt\">21</span><span class=\"f charStyle-58d8bcbe ps15332\" style=\"width:37.2pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15333\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15334\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15335\" style=\"width:11.12pt\">25</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:255.48pt\"> million) and it expects to contribute cash of $31 million in </span><span class=\"f charStyle-58d8bcbe ps15336\" style=\"width:22.24pt\">2026</span><span class=\"f charStyle-58d8bcbe ps15337\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15338\" style=\"width:2.77pt\"> </span></div><div class=\"ps5745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The expected benefit payments, which reflect expected future service, as appropriate, but exclude plan</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps7010 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:216.65pt\">expenses of the defined benefit obligations as of </span><span class=\"f charStyle-58d8bcbe ps15339\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15340\" style=\"width:69.41pt\">, are as follows:</span></div><div class=\"ps15344 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:375pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1238\"><div><div class=\"ps8033 ss989\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1174\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-a9f4bb30 ps11351\">Expected benefit <span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss431\"><span class=\"f charStyle-a9f4bb30 ps15341\">payments</span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1239\"><div><div class=\"ps2232 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">79<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13259 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">77<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2719 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13261 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">62<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13263 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">68<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13265 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">75<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5488 ss1239\"><div><div class=\"ps2232 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13267 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f ps15343\">431<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:165.44pt\">Other long-term employee benefits</span><span class=\"f charStyle-a745408e ps12633\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Other long-term employee benefits include seniority and loyalty award programs. The movements in the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:251.06pt\">other long-term employee benefits liability are as follows:</span><span class=\"f charStyle-58d8bcbe ps15346\" style=\"width:2.77pt\"> </span></div><div class=\"ps2992 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">102<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">23<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15208 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Experience<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Demographic assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15210 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Financial assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15347 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15186 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15090 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15091 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(12)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4713 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15348 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15349 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(5)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4716 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15350 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15351 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.25pt\">The amounts recognized in the income statement related to other long-term benefits are as follows:</span><span class=\"f charStyle-58d8bcbe ps15352\" style=\"width:2.77pt\"> </span></div><div class=\"ps15358 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1241\"><div><div class=\"ps14641 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15354 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15355 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">23<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6350 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15356 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15357 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Immediate recognition of (gains) losses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other long-term benefits costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">27<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:63.29pt\">Assumptions</span><span class=\"f charStyle-a745408e ps15359\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The weighted average assumptions used in the determination of pension and other long-term obligations</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.87pt\">are as follows:</span><span class=\"f charStyle-58d8bcbe ps15360\" style=\"width:2.77pt\"> </span></div><div class=\"ps15362 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15354 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.97</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15355 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6350 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Inflation rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15356 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.95</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15357 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2293 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Future salary increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15149 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.90</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15150 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.43</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15363 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The discount rate was determined by reference to high quality corporate bond rates applicable to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">respective country of each plan and estimated terms of the defined benefit obligation. As required by IAS</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15365 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">19, and for pension plans with plan assets, the interest income on plan assets is set equal to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:126.12pt\">corresponding discount rate.</span><span class=\"f charStyle-58d8bcbe ps15366\" style=\"width:2.77pt\"> </span></div><div class=\"ps15373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:293.65pt\">The average duration of Defined Benefit Obligations is 11 years in </span><span class=\"f charStyle-58d8bcbe ps15368\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15369\" style=\"width:6.1pt\"> (</span><span class=\"f charStyle-58d8bcbe ps15370\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15371\" style=\"width:49.24pt\">: 11 years).</span><span class=\"f charStyle-58d8bcbe ps15372\" style=\"width:2.77pt\"> </span></div><div class=\"ps15376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:354.22pt\">, an increase of the discount rate of 0.50% would have resulted in a reduction of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps15377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the Defined Benefit Obligations of $60 million and a decrease of the discount rate of 0.50% would have</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">resulted in an increase of the Defined Benefit Obligations by $65 million. An increase of the inflation rate</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of 0.50% would have resulted in an increase of the Defined Benefit Obligations of $9 million and a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">decrease of the inflation rate of 0.50% would have resulted in a decrease of the Defined Benefit</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Obligations of $8 million. An increase of the life expectancy of one year would have resulted in an</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15382 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">increase of the Defined Benefit Obligations of $13 million and a decrease of the life expectancy of one</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps7017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year would have resulted in a decrease of the Defined Benefit Obligations of $13 million. These sensitivity</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">analyses are based on a change in an assumption while holding all other assumptions constant. When</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">method has been applied as when calculating the pension liability recognized within the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:134.41pt\">statement of financial position.</span><span class=\"f charStyle-58d8bcbe ps15384\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Assumptions regarding future mortality experience are set based on advice from published statistics and</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div>experience in each territory.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-498": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.22.\u00a0Other non-current liabilities<span id=\"i4ddce614b3b74cd292ccf02e574157ba\"></span></span><span class=\"f charStyle-a745408e ps15078\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.61pt\">Other non-current liabilities consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15079\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">172<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances received on capital grants<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">333<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">385<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">576<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">627<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Advances received on capital grants relate to Sanan ST JV, the Group and Sanan Optoelectronics</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">created in 2023 for high-volume 200mm SiC device manufacturing activities in China and that the Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">fully consolidates. This entity is a party to a regional public funding program, primarily consisting in capital</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">grants received on eligible capital expenditures (infrastructures and equipment). As of December 31,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.98pt\">2025, the Group received $333\u00a0million of advances ($</span><span class=\"f charStyle-58d8bcbe ps15092\" style=\"width:16.68pt\">385</span><span class=\"f charStyle-58d8bcbe ps15093\" style=\"width:202.29pt\"> million as of December 31, 2024) on these</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">capital grants while the capital expenditures had not been incurred yet. Consequently, these advances<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">were reported as non-current liabilities in the consolidated statement of financial position as of December</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.11pt\">31, 2025 and as of December 31, 2024.</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:2.77pt\"> </span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">commitment agreements signed in </span><span class=\"f charStyle-58d8bcbe ps15095\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8770\" style=\"width:232.16pt\"> with certain customers, as described in Note 7.6.24.</span><span class=\"f charStyle-58d8bcbe ps15096\" style=\"width:2.77pt\"> </span></div><div class=\"ps7044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Non-current tax liabilities for $90 million as of December 31, 2025 ($24 million as of December 31, 2024)</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps7045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.23pt\">are related to uncertain tax positions with respect to tax audit on transfer pricing in certain countries</span><span class=\"f charStyle-58d8bcbe ps15097\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15098\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-499": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.22.\u00a0Other non-current liabilities<span id=\"i4ddce614b3b74cd292ccf02e574157ba\"></span></span><span class=\"f charStyle-a745408e ps15078\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.61pt\">Other non-current liabilities consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15079\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">172<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances received on capital grants<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">333<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">385<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">576<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">627<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Advances received on capital grants relate to Sanan ST JV, the Group and Sanan Optoelectronics</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">created in 2023 for high-volume 200mm SiC device manufacturing activities in China and that the Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">fully consolidates. This entity is a party to a regional public funding program, primarily consisting in capital</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">grants received on eligible capital expenditures (infrastructures and equipment). As of December 31,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.98pt\">2025, the Group received $333\u00a0million of advances ($</span><span class=\"f charStyle-58d8bcbe ps15092\" style=\"width:16.68pt\">385</span><span class=\"f charStyle-58d8bcbe ps15093\" style=\"width:202.29pt\"> million as of December 31, 2024) on these</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">capital grants while the capital expenditures had not been incurred yet. Consequently, these advances<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">were reported as non-current liabilities in the consolidated statement of financial position as of December</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.11pt\">31, 2025 and as of December 31, 2024.</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:2.77pt\"> </span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">commitment agreements signed in </span><span class=\"f charStyle-58d8bcbe ps15095\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8770\" style=\"width:232.16pt\"> with certain customers, as described in Note 7.6.24.</span><span class=\"f charStyle-58d8bcbe ps15096\" style=\"width:2.77pt\"> </span></div><div class=\"ps7044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Non-current tax liabilities for $90 million as of December 31, 2025 ($24 million as of December 31, 2024)</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.23pt\">are related to uncertain tax positions with respect to tax audit on transfer pricing in certain countries</span><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-497": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.22.\u00a0Other non-current liabilities<span id=\"i4ddce614b3b74cd292ccf02e574157ba\"></span></span><span class=\"f charStyle-a745408e ps15078\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.61pt\">Other non-current liabilities consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15079\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">172<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances received on capital grants<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">333<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">385<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">576<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">627<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps13269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Advances received on capital grants relate to Sanan ST JV, the Group and Sanan Optoelectronics</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps14529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">created in 2023 for high-volume 200mm SiC device manufacturing activities in China and that the Group</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">fully consolidates. This entity is a party to a regional public funding program, primarily consisting in capital</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps5719 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">grants received on eligible capital expenditures (infrastructures and equipment). As of December 31,</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:248.98pt\">2025, the Group received $333\u00a0million of advances ($</span><span class=\"f charStyle-58d8bcbe ps15092\" style=\"width:16.68pt\">385</span><span class=\"f charStyle-58d8bcbe ps15093\" style=\"width:202.29pt\"> million as of December 31, 2024) on these</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps5721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">capital grants while the capital expenditures had not been incurred yet. Consequently, these advances<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">were reported as non-current liabilities in the consolidated statement of financial position as of December</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:176.11pt\">31, 2025 and as of December 31, 2024.</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:2.77pt\"> </span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">commitment agreements signed in </span><span class=\"f charStyle-58d8bcbe ps15095\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8770\" style=\"width:232.16pt\"> with certain customers, as described in Note 7.6.24.</span><span class=\"f charStyle-58d8bcbe ps15096\" style=\"width:2.77pt\"> </span></div><div class=\"ps7044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">Non-current tax liabilities for $90 million as of December 31, 2025 ($24 million as of December 31, 2024)</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.23pt\">are related to uncertain tax positions with respect to tax audit on transfer pricing in certain countries</span><span class=\"f charStyle-58d8bcbe ps15097\" style=\"width:2.77pt\">.</span><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Current liabilities related to public funding included $2 million grants subject to a financial return ($2</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">million as of December 2024).</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-496": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.22.\u00a0Other non-current liabilities<span id=\"i4ddce614b3b74cd292ccf02e574157ba\"></span></span><span class=\"f charStyle-a745408e ps15078\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.61pt\">Other non-current liabilities consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15079\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">124<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">172<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances received on capital grants<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">333<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">385<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#FFFFFF;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">576<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">627<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:155.54pt\">commitment agreements signed in </span><span class=\"f charStyle-58d8bcbe ps15095\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8770\" style=\"width:232.16pt\"> with certain customers, as described in Note 7.6.24.</span><span class=\"f charStyle-58d8bcbe ps15096\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Current liabilities related to public funding included $2 million grants subject to a financial return ($2</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">million as of December 2024).</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-500": {
   "value": "<div class=\"ps5731 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.23. Employee benefits <span id=\"if0b6732a7ce84b46a0bab4d3474675f7\"></span></span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:14.99pt\">Em</span><span class=\"f charStyle-58d8bcbe ps15099\" style=\"width:212.19pt\">ployee benefits liabilities are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps976\" style=\"width:2.77pt\"> </span></div><div class=\"ps15112 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Retirement benefit obligation liability<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">372<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">346<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other long-term employee benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other employee benefits liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">68<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">50<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Salaries and wages<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">612<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">569<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Social charges on salaries and wages<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12968 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12969 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">216<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Restructuring liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12938 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12939 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13540 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total employee benefits liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15104 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,474<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15105 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,293<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11796 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15106 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15107 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8705 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Current liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15108 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">923<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15109 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">833<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4358 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Non-current liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15110 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">551<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15111 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">462<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:111.01pt\">Restructuring liabilities</span></div><div class=\"ps9343 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.25pt\">In 2025, the Group recorded restructuring charges totaling </span><span class=\"f charStyle-58d8bcbe ps15059\" style=\"width:54.5pt\">$176\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15060\" style=\"width:48.45pt\">, of which </span><span class=\"f charStyle-58d8bcbe ps15061\" style=\"width:48.94pt\">$97\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15062\" style=\"width:46.75pt\"> related to</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14693 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">employee voluntary termination benefits, including consulting and legal advice costs. The employee</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps15114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">termination benefits are accrued on the balance sheet at the date the employees irrevocably accept the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">offer to leave the Group. As of December 31, 2025, the Group reported $46 million liabilities for employee</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps15116 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:249.38pt\">termination benefits as part of the restructuring program.</span></div><div class=\"ps15118 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:44.41pt\">Pensions</span><span class=\"f charStyle-a745408e ps15117\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group has a number of defined benefit pension plans covering employees in various countries. The</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">defined benefit plans provide pension benefits based on years of service and employee compensation</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">levels. The Group uses December 31 as measurement date for all its plans. Eligibility is generally</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:282.29pt\">determined in accordance with local statutory requirements. In </span><span class=\"f charStyle-58d8bcbe ps15119\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15120\" style=\"width:23.36pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15121\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15122\" style=\"width:117.81pt\">, the major defined benefit</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">pension plans and long-term employee benefit plans were in the USA (retirement plan closed to new</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">entrants and future accrual), France (retirement indemnities), Switzerland (retirement pension system),</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">United Kingdom (retirement benefit scheme closed to new entrants and future accrual) and Italy</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:297.16pt\">(termination indemnity plan (\u201cTFR\u201d) generated before July 1, 2007).</span><span class=\"f charStyle-58d8bcbe ps15123\" style=\"width:2.77pt\"> </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:391.05pt\">The amounts recognized in the statement of financial position are determined as follows:</span><span class=\"f charStyle-58d8bcbe ps15124\" style=\"width:2.77pt\"> </span></div><div class=\"ps11684 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefit obligations wholly or partially funded<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(784)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(712)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Fair value of plan assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefit obligations wholly unfunded<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(287)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(260)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Asset ceiling<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12965 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12966 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2725 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total pension liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15127 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15126\">(372)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15128 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15126\">(346)<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.06pt\">The movements in the pension liability are as follows:</span><span class=\"f charStyle-58d8bcbe ps15129\" style=\"width:2.77pt\"> </span></div><div class=\"ps15145 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1221\"><div><div class=\"ps4616 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss690\"><div><div class=\"ps4616 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps5106 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15131 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">346<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15132 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">357<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8653 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Exchange difference<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15133 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">38<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15135 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(15)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15136 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Pension expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15137 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">50<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15138 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">47<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9577 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Contributions paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15139 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(38)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15140 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(40)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9613 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Remeasurement (gain) / loss recognized in OCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15141 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(24)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15142 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10740 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15143 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">372<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15144 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">346<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:236.1pt\">Changes in defined benefit obligations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15146\" style=\"width:2.77pt\"> </span></div><div class=\"ps15170 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">972<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">991<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">38<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">32<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">39<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">36<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee contributions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">7<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">6<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Plan amendment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">6<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">3<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Experience<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">2<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Demographic assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15156 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">2<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15157 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15038\">8<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Financial assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15159 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15158\">(11)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15160 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(21)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4967 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of curtailment<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15161 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15044\">(8)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15162 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15036\">\u2014<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15163 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(48)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15164 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(51)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11976 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15165 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15048\">74<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15166 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f ps15134\">(34)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11326 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15168 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15167\">1,071<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15169 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30 ps15089\">972<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:324.43pt\">Defined benefit obligations by main geographical locations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15171\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1225\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15173 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">204<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">181<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15175 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">79<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">75<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15176 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">253<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">216<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">United Kingdom<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15180 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15179\">117<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15179\">110<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">United States<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15182 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">326<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f ps15172\">308<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15185 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">92<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15186 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15174\">82<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12778 ss1228\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15188 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps15187\">1,071<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15189 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps15172\">972<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:170.54pt\">Changes in plan assets are as follows:</span><span class=\"f charStyle-58d8bcbe ps2578\" style=\"width:2.77pt\"> </span></div><div class=\"ps11828 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1225\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss921\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15173 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">654<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Interest income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15175 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">28<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employer contribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15176 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">21<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employee contribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15180 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15182 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(31)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(37)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1226\"><div><div class=\"ps2232 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial gain (loss)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15185 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.23pt\"></span></span><span class=\"ps15194\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15186 ss1227\"><div><div class=\"ps2232 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(10)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15196 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15091 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:58.34pt\"></span></span><span class=\"ps15195\">(18)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1228\"><div><div class=\"ps45 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15197 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15198 ss1229\"><div><div class=\"ps45 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.5pt\">The actual return on plan assets in </span><span class=\"f charStyle-58d8bcbe ps4844\" style=\"width:22.24pt\">2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15199\" style=\"width:118.72pt\"> was a gain of $29 million (</span><span class=\"f charStyle-58d8bcbe ps15200\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15201\" style=\"width:106.42pt\">: gain of $16 million). In </span><span class=\"f charStyle-58d8bcbe ps15202\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15203\" style=\"width:19.49pt\">, the</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:304.21pt\">theoretical interest income on plan assets was a gain of $28 million (</span><span class=\"f charStyle-58d8bcbe ps4474\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15204\" style=\"width:141.54pt\">: gain of $26 million) resulting in</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:156.64pt\">a gain on plan assets of $1 million (</span><span class=\"f charStyle-58d8bcbe ps15205\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15206\" style=\"width:91.07pt\">: loss of $10 million).</span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.31pt\">Plan assets by main geographical locations are as follows:</span><span class=\"f charStyle-58d8bcbe ps15207\" style=\"width:2.77pt\"> </span></div><div class=\"ps15213 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">230<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">186<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">United Kingdom<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15208 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">123<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">130<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">United States<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">287<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">273<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">64<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">54<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9580 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15211 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15212 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:201.41pt\">The effects of the asset ceiling are as follows:</span><span class=\"f charStyle-58d8bcbe ps15215\" style=\"width:2.77pt\"> </span></div><div class=\"ps15222 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1222\"><div><div class=\"ps8645 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps6187 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15217 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15218 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15219 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of asset ceiling recognized during the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15220 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15221 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2298 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15151 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15152 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(20)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:372.73pt\">The amounts recognized in the income statement related to pensions are as follows:</span><span class=\"f charStyle-58d8bcbe ps15224\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">38<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Scheme expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Plan amendments cost / (credit)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Plan curtailments cost / (credit)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(8)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">39<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">36<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15226 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(28)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15227 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(26)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5137 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest on asset ceiling<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15228 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15229 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4967 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total pension costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15161 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">50<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15162 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">47<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4784 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">The Group\u2019s detailed pension plan asset allocation including the fair value measurements of those plan</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps14872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:56.09pt\">assets as of </span><span class=\"f charStyle-58d8bcbe ps15230\" style=\"width:87.79pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15231\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps15232\" style=\"width:2.77pt\"> </span></div><div class=\"ps15296 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:209.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:74.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1231\"><div><div class=\"ps15233 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15235 ss1232\"><div><div class=\"ps15233 ss652\"><span class=\"f charStyle-a9f4bb30 ps15234\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15244 ss1233\"><div><div class=\"ps45 ss358\"><span class=\"f charStyle-a9f4bb30 ps15236\">Quoted<span class=\"f ps26\"> </span></span></div><div class=\"ps15237 ss358\"><span class=\"f charStyle-a9f4bb30 ps8868\">Prices in<span class=\"f ps26\"> </span></span></div><div class=\"ps15238 ss358\"><span class=\"f charStyle-a9f4bb30 ps6192\">Active<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss358\"><span class=\"f charStyle-a9f4bb30 ps9659\">Markets for<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss358\"><span class=\"f charStyle-a9f4bb30 ps15240\">Identical<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss358\"><span class=\"f charStyle-a9f4bb30 ps9966\">Assets<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss358\"><span class=\"f charStyle-a9f4bb30 ps15243\">(Level 1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2236 ss1234\"><div><div class=\"ps15238 ss395\"><span class=\"f charStyle-a9f4bb30 ps15245\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss395\"><span class=\"f charStyle-a9f4bb30 ps9865\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss395\"><span class=\"f charStyle-a9f4bb30 ps15246\">Observable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss395\"><span class=\"f charStyle-a9f4bb30 ps14609\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss395\"><span class=\"f charStyle-a9f4bb30 ps8976\">(Level 2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15250 ss1235\"><div><div class=\"ps15239 ss393\"><span class=\"f charStyle-a9f4bb30 ps15247\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss393\"><span class=\"f charStyle-a9f4bb30 ps15248\">Unobservable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss393\"><span class=\"f charStyle-a9f4bb30 ps15249\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss393\"><span class=\"f charStyle-a9f4bb30 ps8869\">(Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8250 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Cash and cash equivalents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15252 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15254 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15256 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15258 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps711 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15260 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">185<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15261 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">72<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15263 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">97<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15265 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8607 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Government debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15266 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">80<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15268 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15269 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">80<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15270 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Corporate debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15271 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15272 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15273 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15274 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps3699 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Investment funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15275 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">65<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15276 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15277 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">47<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15279 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.73pt\"></span></span><span class=\"ps15278\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Real estate (1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15280 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">62<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15281 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15283 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15284 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">54<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Other (mainly insurance assets) (2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15285 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">203<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15286 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15287 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15289 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2680 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15290 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">707<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15292 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.36pt\"></span></span><span class=\"ps15291\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15294 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:45.61pt\"></span></span><span class=\"ps15293\">337<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15295 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">264<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-7dddebd3\"><span class=\"ps3352\" style=\"width:6.35pt\">(1)<span style=\"display:inline-block;height:3.7830000000000004pt;width:11.65pt\"></span></span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:450pt\">Level 3 real estate assets are valued at their earnings value, which is based on the capitalization of sustainably realizable</span><span class=\"f charStyle-3452d124 ps1634\" style=\"width:2.22pt\"> </span></div><div class=\"ps10025 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:242.86pt\">rents, specifically from the rental status as at the balance sheet date.</span><span class=\"f charStyle-3452d124 ps15298\" style=\"width:2.22pt\"> </span></div><div class=\"ps15299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-7dddebd3 ps3352\" style=\"width:6.35pt\"><sup>(2)</sup></span><span class=\"f charStyle-3452d124\"><span class=\"ps3353\" style=\"width:0pt\"><span style=\"display:inline-block;height:5.82pt;width:11.65pt\"></span></span><span class=\"ps1808\" style=\"width:449.89pt\">In 2025, Trustees of the United Kingdom pension plans entered into an agreement with an insurer for the bulk annuity purchase</span></span><span class=\"f charStyle-3452d124 ps1659\" style=\"width:2.22pt\"> </span></div><div class=\"ps15302 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:80.42pt\">of the plans, covering </span><span class=\"f charStyle-3452d124 ps15300\" style=\"width:20.43pt\">100%</span><span class=\"f charStyle-3452d124 ps15301\" style=\"width:349.04pt\"> of the plan\u2019s members. This agreement, or buy-in, resulted in an exchange of plan assets for an</span><span class=\"f charStyle-3452d124 ps1659\" style=\"width:2.22pt\"> </span></div><div class=\"ps15303 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.84pt\">annuity that covers the plan\u2019s future projected benefit obligations. The initial value equals the premium paid to the insurer, and</span><span class=\"f charStyle-3452d124 ps1836\" style=\"width:2.22pt\"> </span></div><div class=\"ps15304 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.92pt\">subsequent fair-value changes reflect current buy-in pricing assumptions (inflation and discount rates tied to gilt curves). The</span><span class=\"f charStyle-3452d124 ps1643\" style=\"width:2.22pt\"> </span></div><div class=\"ps15305 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:281.05pt\">largest component of other assets reflect those bulk annuity contracts (buy-ins).</span></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">The Group\u2019s detailed pension plan asset allocation including the fair value measurements of those plan </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">assets as of </span><span class=\"f charStyle-58d8bcbe ps15230\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15231\"> is as follows: </span></div><div class=\"ps9328 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:209.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:74.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1231\"><div><div class=\"ps15233 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15235 ss1232\"><div><div class=\"ps15233 ss652\"><span class=\"f charStyle-a9f4bb30 ps15234\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15244 ss1234\"><div><div class=\"ps45 ss395\"><span class=\"f charStyle-a9f4bb30 ps15306\">Quoted<span class=\"f ps26\"> </span></span></div><div class=\"ps15237 ss395\"><span class=\"f charStyle-a9f4bb30 ps7868\">Prices in<span class=\"f ps26\"> </span></span></div><div class=\"ps15238 ss395\"><span class=\"f charStyle-a9f4bb30 ps12561\">Active<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss395\"><span class=\"f charStyle-a9f4bb30 ps15307\">Markets\u00a0for<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss395\"><span class=\"f charStyle-a9f4bb30 ps15308\">Identical<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss395\"><span class=\"f charStyle-a9f4bb30 ps15309\">Assets<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss395\"><span class=\"f charStyle-a9f4bb30 ps8976\">(Level 1)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10844 ss1233\"><div><div class=\"ps15238 ss358\"><span class=\"f charStyle-a9f4bb30 ps6483\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15239 ss358\"><span class=\"f charStyle-a9f4bb30 ps15310\">Other<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss358\"><span class=\"f charStyle-a9f4bb30 ps15311\">Observable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss358\"><span class=\"f charStyle-a9f4bb30 ps15312\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss358\"><span class=\"f charStyle-a9f4bb30 ps15243\">(Level 2)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15250 ss1235\"><div><div class=\"ps15239 ss393\"><span class=\"f charStyle-a9f4bb30 ps15247\">Significant<span class=\"f ps26\"> </span></span></div><div class=\"ps15241 ss393\"><span class=\"f charStyle-a9f4bb30 ps15248\">Unobservable<span class=\"f ps26\"> </span></span></div><div class=\"ps15242 ss393\"><span class=\"f charStyle-a9f4bb30 ps15249\">Inputs<span class=\"f ps26\"> </span></span></div><div class=\"ps15233 ss393\"><span class=\"f charStyle-a9f4bb30 ps8869\">(Level 3)<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8250 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Cash and cash equivalents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15252 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:23.73pt\"></span></span><span class=\"ps15313\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15254 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15314 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.04pt\"></span></span><span class=\"ps15267\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15258 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps711 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Equity securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15260 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">91<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15261 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.73pt\"></span></span><span class=\"ps15282\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15315 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15265 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps8607 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Government debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15266 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15268 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15316 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15270 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Corporate debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15271 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">94<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15272 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15317 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">77<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15274 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:54.17pt\"></span></span><span class=\"ps15264\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps3699 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Investment funds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15275 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15276 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15318 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">90<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps15279 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9625 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Real estate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15280 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:18.17pt\"></span></span><span class=\"ps15251\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15281 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15319 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15284 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:55.29pt\"></span></span><span class=\"ps15257\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-c2d5035f ps2240\">Other (mainly insurance assets)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15285 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">275<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15286 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.29pt\"></span></span><span class=\"ps15255\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15320 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.92pt\"></span></span><span class=\"ps15253\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15289 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">215<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2680 ss1236\"><div><div class=\"ps2288 ss1230\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15290 ss1237\"><div><div class=\"ps2288 ss652\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:12.61pt\"></span></span><span class=\"ps15259\">646<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15292 ss402\"><div><div class=\"ps2288 ss395\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:51.17pt\"></span></span><span class=\"ps15262\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15321 ss371\"><div><div class=\"ps2288 ss358\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:46.36pt\"></span></span><span class=\"ps15291\">390<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15295 ss401\"><div><div class=\"ps2288 ss393\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.61pt\"></span></span><span class=\"ps15288\">232<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:111.51pt\">The majority of plans (i</span><span class=\"f charStyle-58d8bcbe ps15322\" style=\"width:103.93pt\">n the United Kingdom</span><span class=\"f charStyle-58d8bcbe ps15323\" style=\"width:252.51pt\">, United States and Switzerland) are governed by an</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps6974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:321.11pt\">independent board of trustees, which includes employer representatives.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15324\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">In 2025, Trustees of the United Kingdom pension plans entered into an agreement with an insurer for the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:207.92pt\">bulk annuity purchase of the plans, covering </span><span class=\"f charStyle-58d8bcbe ps15325\" style=\"width:25.57pt\">100%</span><span class=\"f charStyle-58d8bcbe ps15326\" style=\"width:234.51pt\"> of the plan\u2019s members. This agreement, or buy-in,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">resulted in an exchange of plan assets for an annuity that covers the plan\u2019s future projected benefit</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:421.36pt\">obligations. The fair value of the buy-in contract is set equal to the defined benefit that it covers.</span></div><div class=\"ps6984 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group\u2019s investment strategy for its pension plans is to optimize the long-term investment return on</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">plan assets in relation to the liability structure to maintain an acceptable level of risk while minimizing the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">cost of providing pension benefits and maintaining adequate funding levels in accordance with applicable</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:109.43pt\">rules in each jurisdiction.</span><span class=\"f charStyle-58d8bcbe ps15327\" style=\"width:2.77pt\"> </span></div><div class=\"ps14412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group\u2019s practice is to periodically conduct a review in each subsidiary of its asset allocation strategy,</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps14413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">in such a way that the asset allocation is in line with the targeted asset allocation within reasonable</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps7051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">boundaries. The Group\u2019s asset portfolios are managed in such a way as to achieve adapted diversity. The</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps7052 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.14pt\">Group does not manage any assets internally.</span><span class=\"f charStyle-58d8bcbe ps7021\" style=\"width:2.77pt\"> </span></div><div class=\"ps15328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">After considering the funded status of the Group\u2019s defined benefit plans, movements in the discount rate,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps7053 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">investment performance and related tax consequences, the Group may choose to make contributions to</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps7054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:315.14pt\">its pension plans in any given year in excess of required amounts. In </span><span class=\"f charStyle-58d8bcbe ps15329\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15330\" style=\"width:130.52pt\">, the Group\u2019s contributions to</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps5744 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:83.33pt\">plan assets were $</span><span class=\"f charStyle-58d8bcbe ps15331\" style=\"width:11.12pt\">21</span><span class=\"f charStyle-58d8bcbe ps15332\" style=\"width:37.2pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15333\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15334\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15335\" style=\"width:11.12pt\">25</span><span class=\"f charStyle-58d8bcbe ps15094\" style=\"width:255.48pt\"> million) and it expects to contribute cash of $31 million in </span><span class=\"f charStyle-58d8bcbe ps15336\" style=\"width:22.24pt\">2026</span><span class=\"f charStyle-58d8bcbe ps15337\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15338\" style=\"width:2.77pt\"> </span></div><div class=\"ps5745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The expected benefit payments, which reflect expected future service, as appropriate, but exclude plan</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps7010 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:216.65pt\">expenses of the defined benefit obligations as of </span><span class=\"f charStyle-58d8bcbe ps15339\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15340\" style=\"width:69.41pt\">, are as follows:</span></div><div class=\"ps15344 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:375pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1238\"><div><div class=\"ps8033 ss989\"><span class=\"f charStyle-c2d5035f ps52\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10988 ss1174\"><div><div class=\"ps45 ss431\"><span class=\"f charStyle-a9f4bb30 ps11351\">Expected benefit <span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss431\"><span class=\"f charStyle-a9f4bb30 ps15341\">payments</span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1239\"><div><div class=\"ps2232 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14864 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">79<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13259 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">77<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2719 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13261 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">62<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13263 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">68<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3717 ss1240\"><div><div class=\"ps2252 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13265 ss840\"><div><div class=\"ps2252 ss431\"><span class=\"f charStyle-c2d5035f ps15342\">75<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5488 ss1239\"><div><div class=\"ps2232 ss989\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13267 ss838\"><div><div class=\"ps2232 ss431\"><span class=\"f charStyle-c2d5035f ps15343\">431<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:165.44pt\">Other long-term employee benefits</span><span class=\"f charStyle-a745408e ps12633\" style=\"width:2.77pt\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Other long-term employee benefits include seniority and loyalty award programs. The movements in the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:251.06pt\">other long-term employee benefits liability are as follows:</span><span class=\"f charStyle-58d8bcbe ps15346\" style=\"width:2.77pt\"> </span></div><div class=\"ps2992 ss0\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Beginning of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">102<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">23<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps6589 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15208 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15177 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Experience<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9760 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Demographic assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15210 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15183 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15184 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Actuarial (gain) loss \u2013 Financial assumptions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15347 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(7)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15186 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2962 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits paid<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15090 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15091 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(12)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4713 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of foreign exchange translation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15348 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">17<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15349 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(5)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4716 ss1222\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">End of the year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15350 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">142<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15351 ss1223\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:438.25pt\">The amounts recognized in the income statement related to other long-term benefits are as follows:</span><span class=\"f charStyle-58d8bcbe ps15352\" style=\"width:2.77pt\"> </span></div><div class=\"ps15358 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1241\"><div><div class=\"ps14641 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current service cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15354 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">26<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15355 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">23<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6350 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Net interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15356 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15357 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Interest cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15178 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps4046\">Immediate recognition of (gains) losses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15209 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15181 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other long-term benefits costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">27<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:63.29pt\">Assumptions</span><span class=\"f charStyle-a745408e ps15359\" style=\"width:2.77pt\"> </span></div><div class=\"ps1908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The weighted average assumptions used in the determination of pension and other long-term obligations</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1909 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:63.87pt\">are as follows:</span><span class=\"f charStyle-58d8bcbe ps15360\" style=\"width:2.77pt\"> </span></div><div class=\"ps15362 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:16.5pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1242\"><div><div class=\"ps14641 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14642 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Discount rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15354 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.97</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15355 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">3.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6350 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Inflation rate<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15356 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.95</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15357 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">1.87</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2293 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Future salary increase<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15149 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.90</span><span class=\"ps4544\">%</span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15150 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps15361\"></span><span class=\"ps15361\">2.43</span><span class=\"ps4544\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15363 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The discount rate was determined by reference to high quality corporate bond rates applicable to the</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15364 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">respective country of each plan and estimated terms of the defined benefit obligation. As required by IAS</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15365 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">19, and for pension plans with plan assets, the interest income on plan assets is set equal to the</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:126.12pt\">corresponding discount rate.</span><span class=\"f charStyle-58d8bcbe ps15366\" style=\"width:2.77pt\"> </span></div><div class=\"ps15373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:293.65pt\">The average duration of Defined Benefit Obligations is 11 years in </span><span class=\"f charStyle-58d8bcbe ps15368\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15369\" style=\"width:6.1pt\"> (</span><span class=\"f charStyle-58d8bcbe ps15370\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15371\" style=\"width:49.24pt\">: 11 years).</span><span class=\"f charStyle-58d8bcbe ps15372\" style=\"width:2.77pt\"> </span></div><div class=\"ps15376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:354.22pt\">, an increase of the discount rate of 0.50% would have resulted in a reduction of</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps15377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the Defined Benefit Obligations of $60 million and a decrease of the discount rate of 0.50% would have</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">resulted in an increase of the Defined Benefit Obligations by $65 million. An increase of the inflation rate</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">of 0.50% would have resulted in an increase of the Defined Benefit Obligations of $9 million and a</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">decrease of the inflation rate of 0.50% would have resulted in a decrease of the Defined Benefit</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Obligations of $8 million. An increase of the life expectancy of one year would have resulted in an</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15382 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">increase of the Defined Benefit Obligations of $13 million and a decrease of the life expectancy of one</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps7017 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">year would have resulted in a decrease of the Defined Benefit Obligations of $13 million. These sensitivity</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">analyses are based on a change in an assumption while holding all other assumptions constant. When</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15383 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">method has been applied as when calculating the pension liability recognized within the consolidated</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:134.41pt\">statement of financial position.</span><span class=\"f charStyle-58d8bcbe ps15384\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Assumptions regarding future mortality experience are set based on advice from published statistics and</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:122.58pt\">experience in each territory.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15385\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:126.52pt\">Defined contribution plans</span><span class=\"f charStyle-a745408e ps15386\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group has certain defined contribution plans, which accrue benefits for employees on a pro-rata</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:332.27pt\">basis during their employment period based on their individual salaries. In </span><span class=\"f charStyle-58d8bcbe ps15387\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15388\" style=\"width:113.44pt\">, the annual cost of these</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.7pt\">plans amounted to approximately $119 million (</span><span class=\"f charStyle-58d8bcbe ps15389\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps1437\" style=\"width:64.24pt\">: $117 million).</span><span class=\"f charStyle-58d8bcbe ps15390\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-a745408e ps1821\">7.6.28. Expenses by nature<span id=\"i0a789c8fa1e4431fa4910afc520860f9\"></span></span><div class=\"ps15560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.21pt\">Employee benefit expenses are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15559\" style=\"width:2.77pt\"> </span></div><div class=\"ps15569 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Wages and salaries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,917<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,971<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Payroll taxes and other social contribution charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">606<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2719 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Share-based compensation expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15563 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15564 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">222<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee termination benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15565 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15566 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Pensions and other long-term benefits expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12968 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">198<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12969 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">191<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total employee benefit expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15419 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,050<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15420 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,990<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Of which included in:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9253 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cost of sales<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12945 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,759<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12946 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,717<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3699 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Selling, general and administrative expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12948 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,099<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12949 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,083<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3683 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Research and development expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,192<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,190<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-502": {
   "value": "<div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Current liabilities related to public funding included $2 million grants subject to a financial return ($2</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps4386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.76pt\">million as of December 2024).</span></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-503": {
   "value": "<div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div><div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_364\" style=\"position:absolute;top:72pt\"></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.26. Revenues <span id=\"ibe5aea2013274a10bef1f860343ef53d\"></span></span></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.26.1.\u00a0Nature of goods and services <span id=\"i0cfbf65e238e4c569ab17dc32e272fd4\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group designs, develops, manufactures and markets a broad range of products, including discrete</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">and standard commodity components, ASICs, full-custom devices and semi-custom devices and ASSPs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">for analog, digital and mixed-signal applications. In addition, the Group participates in the manufacturing</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">value chain of smartcard products, which includes the production and sale of both silicon chips and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:52.21pt\">smartcards.</span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The principal activities \u2014 separated by reportable segments \u2014 from which the Group generates its</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:172.22pt\">revenues are described in Note 7.6.27.</span><span class=\"f charStyle-58d8bcbe ps15425\" style=\"width:2.77pt\"> </span></div><div class=\"ps3516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Other revenues consist of license revenue, service revenue related to transferring licenses, patent royalty</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.08pt\">income, sale of scrap materials and manufacturing by-products.</span><span class=\"f charStyle-58d8bcbe ps15426\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">While the majority of the Group\u2019s sales agreements contain standard terms and conditions, the Group<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">may, from time to time, enter into agreements that contain multiple performance obligations or terms and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">conditions. Those agreements concern principally the revenues from services, where the performance</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">obligation is satisfied over time. The objective when allocating the transaction price is to allocate the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">transaction price to each performance obligation (or distinct good or service) in an amount that depicts the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">amount of consideration to which the Group expects to be entitled in exchange for transferring the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:196.09pt\">promised goods or services to the customer.</span><span class=\"f charStyle-58d8bcbe ps11655\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.26.2.\u00a0Revenue recognition and disaggregation <span id=\"i54fcd121ce1943ae979d4c2193639573\"></span></span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group recognizes revenue from products sold to a customer, including distributors, when it satisfies a</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">performance obligation at a point in time by transferring control over a product to the customer. This</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">usually occurs at the time of shipment. The performance obligations included in contracts for the sale of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">goods contracts have the original expected length of less than one year. The transaction price is</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">determined based on the contract terms, adjusted for price protection if applicable. The revenues from</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps6173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">services are usually linked to performance obligations transferred over time and are recognized in line<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5960 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:103.28pt\">with the contract terms.</span><span class=\"f charStyle-58d8bcbe ps15428\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.5pt\">In </span><span class=\"f charStyle-58d8bcbe ps15429\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15430\" style=\"width:6.94pt\">, </span><span class=\"f charStyle-58d8bcbe ps15431\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15432\" style=\"width:404.02pt\">, and 2023, the Group had signed several multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">commitment arrangements with certain customers. These agreements constitute a binding commitment</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">for the customers to purchase and for the Group to supply allocated committed volumes in exchange for</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">additional consideration. The consideration related to commitment fees is reported as revenues from sale<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of products as it is usually based on delivered quantities. Advances from customers received as part of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:261.1pt\">those agreements are described in Note 7.6.22 and 7.6.24.</span></div><div class=\"ps7968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.85pt\">The payment terms typically range between 30 to 90 days.</span><span class=\"f charStyle-58d8bcbe ps15433\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s consolidated total revenues disaggregated by operating segment are presented in Note</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:16.66pt\">7.6.</span><span class=\"f charStyle-58d8bcbe ps3445\" style=\"width:11.12pt\">27</span><span class=\"f charStyle-58d8bcbe ps4644\" style=\"width:440.2pt\">. The following table presents the Group\u2019s consolidated total revenues disaggregated by</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.45pt\">geographical region of shipment, nature and market channel.</span><span class=\"f charStyle-58d8bcbe ps15434\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1248\"><div><div class=\"ps2712 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15435 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-e1ebf359 ps2240\">Total revenues by geographical region of shipment </span><span class=\"f charStyle-33758787 ps15436\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15438 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15437\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15439 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15437\"> <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">EMEA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15441 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,449<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15442 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,329<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Americas<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15443 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,896<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15444 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Asia Pacific<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15445 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">7,455<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15446 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">7,834<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15448 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15449 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues by nature<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Revenues from sale of products<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15197 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,561<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15450 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,021<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Revenues from sale of services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15451 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15452 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">196<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15453 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15454 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">52<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15455 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15456 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-e1ebf359 ps2240\">Total revenues by market channel </span><span class=\"f charStyle-33758787 ps15457\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">OEM<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15458 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">8,539<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15459 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">9,629<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Distribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15460 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,261<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15461 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,640<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9003 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15462 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15463 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15464 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.84pt\">(1)\u00a0  Total revenues by geographical region of shipment are classified by location of customer invoiced or reclassified by shipment</span><span class=\"f charStyle-3452d124 ps1836\" style=\"width:2.22pt\"> </span></div><div class=\"ps15465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.88pt\">destination in line with customer demand. For example, products ordered by U.S.-based companies to be invoiced to Asia</span><span class=\"f charStyle-3452d124 ps1668\" style=\"width:2.22pt\"> </span></div><div class=\"ps15466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:450pt\">Pacific affiliates are classified as Asia Pacific revenues. Furthermore, the Group, among the different periods, may be affected</span><span class=\"f charStyle-3452d124 ps1634\" style=\"width:2.22pt\"> </span></div><div class=\"ps15467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:280.17pt\">by shifts in shipments from one location to another, as requested by customers.</span></div><div class=\"ps15468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.88pt\">(2)\u00a0  OEM are the end-customers to which the Group provides direct marketing application engineering support, while Distribution</span><span class=\"f charStyle-3452d124 ps1668\" style=\"width:2.22pt\"> </span></div><div class=\"ps15470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:392.9pt\">refers to the distributors and representatives that the Group engages to distribute its products around the world.</span><span class=\"f charStyle-3452d124 ps15469\" style=\"width:2.22pt\"> </span></div><div class=\"ps15472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group does not disclose the value of unsatisfied performance obligations for (i)\u00a0contracts with an</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">original expected length of one year or less and (ii)\u00a0contracts for which the Group recognizes revenue at</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:344.36pt\">the amount to which the Group has the right to invoice for services performed.</span></div><div class=\"ps15481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.45pt\">In </span><span class=\"f charStyle-58d8bcbe ps15475\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15476\" style=\"width:247pt\">, the Group\u2019s largest customer, Apple Inc., represented <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15477\" style=\"width:19.45pt\">17.7</span><span class=\"f charStyle-58d8bcbe ps15478\" style=\"width:15.34pt\">% (</span><span class=\"f charStyle-58d8bcbe ps15479\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15480\" style=\"width:130.26pt\">: 14.5%) of consolidated total</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.26pt\">revenues, reported in AM&amp;S, P&amp;D, EMP and RFOC reportable segments.</span></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.27. Segment information<span id=\"id6fe6e04f0a74e02b344d5f00a1e903d\"></span></span><span class=\"f charStyle-a745408e ps3449\"> </span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The following tables present the Group\u2019s consolidated total revenues and consolidated operating income</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:102.22pt\">by reportable segment.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:183.78pt\">Total revenues by reportable segment:</span><span class=\"f charStyle-a745408e ps15491\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,085<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,429<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,685<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,461<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,580<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,853<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,436<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,511<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues of reportable segments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,786<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15492 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15198 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The following is a summary of operations by entities located within the indicated geographic areas for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:23.16pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15533\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15534\" style=\"width:400.22pt\">. Total revenues represent sales to third parties from the country in which each subsidiary</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">is domiciled. The Group is incorporated under Dutch law with head offices located in the Netherlands</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">while the Group\u2019s operational office and headquarters are located in Switzerland. Non-financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consist of property, plant and equipment, net, a significant portion of which is purchased through the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Group's head offices and subsequently operated by the Group's subsidiaries. Property, plant and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">equipment expenditures is mainly attributable to front-end and back-end facilities located in the different</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">countries in which the Group operates. As such, the Group mainly allocates capital spending resources</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:320.57pt\">according to geographic areas rather than along product segment areas.</span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:176.56pt\">Total revenues by geographical area:</span></div><div class=\"ps12801 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,948<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,944<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps7080 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">147<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">USA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,520<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,668<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2270 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Singapore<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12968 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,563<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12969 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,808<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Japan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">612<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">657<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11966 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12974 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12975 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15535 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15536 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-501": {
   "value": "<div class=\"ps1855 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.24. Trade accounts payable, other payables and accrued liabilities <span id=\"i4b8eddbf0dc6499d9a05a2af44249f30\"></span></span></div><div class=\"ps6970 ss0\"><div class=\"ss585 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1244\"><div><div class=\"ps9104 ss1243\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15391 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10460 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Trade accounts payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15392 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,487<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15393 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,323<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8508 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Dividends due to shareholders<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15394 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15395 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">88<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Taxes other than income taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15396 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">95<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15397 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Advances from customers<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15398 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">83<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15399 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">89<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Liabilities related to public funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15400 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15401 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1247\"><div><div class=\"ps2252 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Royalties<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15402 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15403 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Interest payable<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15404 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15405 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">22<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10522 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Utilities services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15406 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">16<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15407 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9805 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Freight services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15408 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15409 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7909 ss1246\"><div><div class=\"ps2232 ss1243\"><span class=\"f charStyle-c2d5035f ps52\">Other accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15410 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">67<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #6d6d6d;padding:0\"><div class=\"ps15411 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13442 ss1245\"><div><div class=\"ps2288 ss1243\"><span class=\"f charStyle-a9f4bb30 ps52\">Total other payables and accrued liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15412 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">506<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:1pt solid #6d6d6d;border-top:1pt solid #6d6d6d;padding:0\"><div class=\"ps15413 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">420<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps9745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Advances from customers are primarily related to multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15069 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">commitment agreements signed with certain customers. Some of these arrangements include take-or-pay</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps9329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">clauses, according to which the Group is entitled to receive the full amount of the contractual committed</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">fees in case of non-compliant orders from those customers. Certain agreements include penalties in case</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">the Group is not able to fulfill its contractual obligations. No significant provision for those penalties was</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:292.89pt\">reported on the consolidated statement of financial position as of </span><span class=\"f charStyle-58d8bcbe ps15414\" style=\"width:88.71pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15415\" style=\"width:23.14pt\"> and </span><span class=\"f charStyle-58d8bcbe ps1954\" style=\"width:63.24pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:2.77pt\">.</span></div><div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_364\" style=\"position:absolute;top:72pt\"></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.26. Revenues <span id=\"ibe5aea2013274a10bef1f860343ef53d\"></span></span></div><div class=\"ps80 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.26.1.\u00a0Nature of goods and services <span id=\"i0cfbf65e238e4c569ab17dc32e272fd4\"></span></span></div><div class=\"ps2219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group designs, develops, manufactures and markets a broad range of products, including discrete</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">and standard commodity components, ASICs, full-custom devices and semi-custom devices and ASSPs</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">for analog, digital and mixed-signal applications. In addition, the Group participates in the manufacturing</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">value chain of smartcard products, which includes the production and sale of both silicon chips and</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1887 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:52.21pt\">smartcards.</span></div><div class=\"ps1888 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The principal activities \u2014 separated by reportable segments \u2014 from which the Group generates its</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:172.22pt\">revenues are described in Note 7.6.27.</span><span class=\"f charStyle-58d8bcbe ps15425\" style=\"width:2.77pt\"> </span></div><div class=\"ps3516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Other revenues consist of license revenue, service revenue related to transferring licenses, patent royalty</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.08pt\">income, sale of scrap materials and manufacturing by-products.</span><span class=\"f charStyle-58d8bcbe ps15426\" style=\"width:2.77pt\"> </span></div><div class=\"ps1893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">While the majority of the Group\u2019s sales agreements contain standard terms and conditions, the Group<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">may, from time to time, enter into agreements that contain multiple performance obligations or terms and<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">conditions. Those agreements concern principally the revenues from services, where the performance</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1897 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">obligation is satisfied over time. The objective when allocating the transaction price is to allocate the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps2356 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">transaction price to each performance obligation (or distinct good or service) in an amount that depicts the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">amount of consideration to which the Group expects to be entitled in exchange for transferring the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps2405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:196.09pt\">promised goods or services to the customer.</span><span class=\"f charStyle-58d8bcbe ps11655\" style=\"width:2.77pt\"> </span></div><div class=\"ps2357 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1886\">7.6.26.2.\u00a0Revenue recognition and disaggregation <span id=\"i54fcd121ce1943ae979d4c2193639573\"></span></span></div><div class=\"ps5059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group recognizes revenue from products sold to a customer, including distributors, when it satisfies a</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">performance obligation at a point in time by transferring control over a product to the customer. This</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps10373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">usually occurs at the time of shipment. The performance obligations included in contracts for the sale of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">goods contracts have the original expected length of less than one year. The transaction price is</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">determined based on the contract terms, adjusted for price protection if applicable. The revenues from</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps6173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">services are usually linked to performance obligations transferred over time and are recognized in line<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5960 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:103.28pt\">with the contract terms.</span><span class=\"f charStyle-58d8bcbe ps15428\" style=\"width:2.77pt\"> </span></div><div class=\"ps2483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:12.5pt\">In </span><span class=\"f charStyle-58d8bcbe ps15429\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15430\" style=\"width:6.94pt\">, </span><span class=\"f charStyle-58d8bcbe ps15431\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15432\" style=\"width:404.02pt\">, and 2023, the Group had signed several multi-annual capacity reservation and volume</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">commitment arrangements with certain customers. These agreements constitute a binding commitment</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">for the customers to purchase and for the Group to supply allocated committed volumes in exchange for</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">additional consideration. The consideration related to commitment fees is reported as revenues from sale<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of products as it is usually based on delivered quantities. Advances from customers received as part of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2230 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:261.1pt\">those agreements are described in Note 7.6.22 and 7.6.24.</span></div><div class=\"ps7968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:258.85pt\">The payment terms typically range between 30 to 90 days.</span><span class=\"f charStyle-58d8bcbe ps15433\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group\u2019s consolidated total revenues disaggregated by operating segment are presented in Note</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:16.66pt\">7.6.</span><span class=\"f charStyle-58d8bcbe ps3445\" style=\"width:11.12pt\">27</span><span class=\"f charStyle-58d8bcbe ps4644\" style=\"width:440.2pt\">. The following table presents the Group\u2019s consolidated total revenues disaggregated by</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:269.45pt\">geographical region of shipment, nature and market channel.</span><span class=\"f charStyle-58d8bcbe ps15434\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1248\"><div><div class=\"ps2712 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15435 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-e1ebf359 ps2240\">Total revenues by geographical region of shipment </span><span class=\"f charStyle-33758787 ps15436\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15438 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15437\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15439 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f ps15437\"> <span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">EMEA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15441 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,449<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15442 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,329<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Americas<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15443 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,896<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15444 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Asia Pacific<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15445 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">7,455<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15446 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">7,834<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15448 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15449 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues by nature<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Revenues from sale of products<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15197 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,561<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15450 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,021<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Revenues from sale of services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15451 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15452 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">196<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15453 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">46<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15454 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">52<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15455 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15456 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-e1ebf359 ps2240\">Total revenues by market channel </span><span class=\"f charStyle-33758787 ps15457\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">OEM<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15458 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">8,539<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15459 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">9,629<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Distribution<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15460 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,261<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15461 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,640<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9003 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15462 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15463 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15464 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.84pt\">(1)\u00a0  Total revenues by geographical region of shipment are classified by location of customer invoiced or reclassified by shipment</span><span class=\"f charStyle-3452d124 ps1836\" style=\"width:2.22pt\"> </span></div><div class=\"ps15465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.88pt\">destination in line with customer demand. For example, products ordered by U.S.-based companies to be invoiced to Asia</span><span class=\"f charStyle-3452d124 ps1668\" style=\"width:2.22pt\"> </span></div><div class=\"ps15466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:450pt\">Pacific affiliates are classified as Asia Pacific revenues. Furthermore, the Group, among the different periods, may be affected</span><span class=\"f charStyle-3452d124 ps1634\" style=\"width:2.22pt\"> </span></div><div class=\"ps15467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:280.17pt\">by shifts in shipments from one location to another, as requested by customers.</span></div><div class=\"ps15468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:467.88pt\">(2)\u00a0  OEM are the end-customers to which the Group provides direct marketing application engineering support, while Distribution</span><span class=\"f charStyle-3452d124 ps1668\" style=\"width:2.22pt\"> </span></div><div class=\"ps15470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:392.9pt\">refers to the distributors and representatives that the Group engages to distribute its products around the world.</span><span class=\"f charStyle-3452d124 ps15469\" style=\"width:2.22pt\"> </span></div><div class=\"ps15472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group does not disclose the value of unsatisfied performance obligations for (i)\u00a0contracts with an</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">original expected length of one year or less and (ii)\u00a0contracts for which the Group recognizes revenue at</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:344.36pt\">the amount to which the Group has the right to invoice for services performed.</span></div><div class=\"ps15481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.45pt\">In </span><span class=\"f charStyle-58d8bcbe ps15475\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15476\" style=\"width:247pt\">, the Group\u2019s largest customer, Apple Inc., represented <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15477\" style=\"width:19.45pt\">17.7</span><span class=\"f charStyle-58d8bcbe ps15478\" style=\"width:15.34pt\">% (</span><span class=\"f charStyle-58d8bcbe ps15479\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15480\" style=\"width:130.26pt\">: 14.5%) of consolidated total</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:325.26pt\">revenues, reported in AM&amp;S, P&amp;D, EMP and RFOC reportable segments.</span></div><span class=\"f charStyle-a745408e ps1821\">7.6.27. Segment information<span id=\"id6fe6e04f0a74e02b344d5f00a1e903d\"></span></span><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The following tables present the Group\u2019s consolidated total revenues and consolidated operating income</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:102.22pt\">by reportable segment.</span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:183.78pt\">Total revenues by reportable segment:</span><span class=\"f charStyle-a745408e ps15491\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,085<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,429<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,685<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,461<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,580<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,853<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,436<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,511<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues of reportable segments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,786<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15492 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15198 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The following is a summary of operations by entities located within the indicated geographic areas for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:23.16pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15533\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15534\" style=\"width:400.22pt\">. Total revenues represent sales to third parties from the country in which each subsidiary</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">is domiciled. The Group is incorporated under Dutch law with head offices located in the Netherlands</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">while the Group\u2019s operational office and headquarters are located in Switzerland. Non-financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consist of property, plant and equipment, net, a significant portion of which is purchased through the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Group's head offices and subsequently operated by the Group's subsidiaries. Property, plant and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">equipment expenditures is mainly attributable to front-end and back-end facilities located in the different</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">countries in which the Group operates. As such, the Group mainly allocates capital spending resources</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:320.57pt\">according to geographic areas rather than along product segment areas.</span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:176.56pt\">Total revenues by geographical area:</span></div><div class=\"ps12801 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,948<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,944<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps7080 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">147<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">USA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,520<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,668<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2270 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Singapore<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12968 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,563<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12969 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,808<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Japan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">612<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">657<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11966 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12974 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12975 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15535 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15536 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-504": {
   "value": "<div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_367\" style=\"position:absolute;top:72pt\"></div><div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.27. Segment information<span id=\"id6fe6e04f0a74e02b344d5f00a1e903d\"></span></span><span class=\"f charStyle-a745408e ps3449\"> </span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:330.59pt\">Following the Group's reorganization announced in January 2024 into </span><span class=\"f charStyle-58d8bcbe ps15483\" style=\"width:17.22pt\">four</span><span class=\"f charStyle-58d8bcbe ps15484\" style=\"width:120.1pt\"> reportable segments, the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group has made further progress in analyzing its global product portfolio, resulting in additional</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">adjustments to its segments, effective starting January 1, 2025. Prior periods have been adjusted</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:179.62pt\">accordingly. The changes are as follows:</span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1808\">In Analog, Power &amp; Discrete, MEMS and Sensors (APMS) Product Group:</span></div><div class=\"ps1704 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps47\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1808\">the transfer of VIP power products from Power and Discrete products (\u201cP&amp;D\u201d) reportable segment to </span></div><div class=\"ps1853 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">Analog products, MEMS and Sensors (\u201cAM&amp;S\u201d) reportable segment</span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1808\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\">In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:</span></div><div class=\"ps1854 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\">the newly created \u2018Embedded Processing\u2019 reportable segment includes the former \u2018MCU\u2019 </span></div><div class=\"ps1709 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1886\">segment (excluding the RF ASICs mentioned below) as well as Custom Processing products </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1886\">(Automotive ADAS products).</span></div><div class=\"ps2199 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1621\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\">the newly created \u2018RF Optical Communications\u2019 reportable segment includes the former </span></div><div class=\"ps1814 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1886\">\u2018D&amp;RF\u2019 segment (excluding Automotive ADAS products) as well as some RF ASICs which </span></div><div class=\"ps2534 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-58d8bcbe ps1886\">were previously part of the former \u2018MCU\u2019 segment. </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group believes these adjustments are critical for implementing synergies and optimizing resources,</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.38pt\">which are necessary to fully deliver the benefits expected from its new organization.</span></div><div class=\"ps1721 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.53pt\">As of </span><span class=\"f charStyle-58d8bcbe ps14274\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps7642\" style=\"width:293.28pt\">, reportable segments, within each product group, were as follows:</span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:330.85pt\">In Analog, Power &amp; Discrete, MEMS and Sensors (\"APMS\") product group:</span></div><div class=\"ps1861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.95pt\">Analog products, MEMS and Sensors (\"AM&amp;S\"), comprised of ST analog products, MEMS</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:234.44pt\">sensors and actuators, and optical sensing solutions.</span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps15485\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:403.1pt\">Power and Discrete products (\"P&amp;D\"), comprised of discrete and power transistor products.</span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps15486\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:321.97pt\">In Microcontrollers, Digital ICs and RF products (\"MDRF\") product group:</span></div><div class=\"ps1863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps15485\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.98pt\">Embedded Processing (\"EMP\"), comprised of general-purpose and automotive</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.96pt\">microcontrollers, connected security products and Custom Processing Products (Automotive</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.22pt\"> </span></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:33.3pt\">ADAS).</span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps15485\" style=\"width:3.54pt\">\u25e6<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:413.99pt\">RF Optical Communications (\"RFOC\"),\u00a0 comprised of Space, Ranging &amp; Connectivity</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1886\" style=\"width:259.38pt\">products, Digital Audio &amp; Signaling Solutions and Optical &amp;</span><span class=\"f charStyle-58d8bcbe ps15487\" style=\"width:38.85pt\"> RF COT</span><span class=\"f charStyle-58d8bcbe ps15488\" style=\"width:2.77pt\">.</span></div><div class=\"ps1941 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Total revenues of \"Others\" include revenues from sales assembly services and other revenues. For the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">computation of the segments\u2019 internal financial measurements, the Group uses certain internal rules of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">allocation for the costs not directly chargeable to the segments, including cost of sales, SG&amp;A expenses</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">and a part of R&amp;D expenses. In compliance with the Group\u2019s internal policies, certain costs are not</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">allocated to the segments, but reported in \u201cOthers\u201d. Those comprise unused capacity charges, including</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">incidents leading to power outage, certain unallocated impairment, restructuring charges and other</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">related phase-out costs, management reorganization costs, start-up costs, and other unallocated income</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">(expenses) such as: strategic or special R&amp;D programs, certain corporate-level operating expenses,</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">patent claims and litigations, and other costs that are not allocated to reportable segments, as well as</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1877 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:163.33pt\">operating earnings of other products.</span><span class=\"f charStyle-58d8bcbe ps12501\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Wafer costs are allocated to the segments based on actual cost. From time to time, with respect to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:369.95pt\">specific technologies, wafer costs are allocated to segments based on market price.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14058\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:372.29pt\">The segment information presented below under IFRS reflects the way the </span><span class=\"f charStyle-58d8bcbe ps15489\" style=\"width:30.54pt\">CODM</span><span class=\"f charStyle-58d8bcbe ps15490\" style=\"width:65.06pt\"> monitors the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">performance of each segment and how resources are allocated to segments, which is based on the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:264.01pt\">Group's primary financial reporting framework (U.S. GAAP).<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps3079\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps1884 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The following tables present the Group\u2019s consolidated total revenues and consolidated operating income</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:102.22pt\">by reportable segment.</span></div></div><div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:183.78pt\">Total revenues by reportable segment:</span><span class=\"f charStyle-a745408e ps15491\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,085<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">5,429<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,685<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,461<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,580<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,853<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,436<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,511<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues of reportable segments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15087 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,786<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15088 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Others<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total revenues<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15492 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15198 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15495 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:188.73pt\">Operating profit by reportable segment:</span><span class=\"f charStyle-a745408e ps15494\" style=\"width:2.77pt\"> </span></div><div class=\"ps15522 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">AM&amp;S<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">614<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">675<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">P&amp;D<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(279)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">456<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">EMP<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">532<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">493<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">RFOC<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12965 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">263<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12966 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">562<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2725 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Sub-total operating profit of reportable segments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15127 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,130<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15128 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,186<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11304 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Unallocated impairment, restructuring charges and other related <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">phase-out costs</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12938 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(376)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12939 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3720 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Unused capacity charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12978 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(416)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12979 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(370)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12980 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Unallocated manufacturing results<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12982 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(164)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12983 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(61)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Start-up costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15163 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(7)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15164 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(69)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11976 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cancellation and postponement fees<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15165 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15166 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(18)</span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11326 ss1250\"><div><div class=\"ps7901 ss1214\"><span class=\"f charStyle-15b3b853 ps2240\">Strategic and other research and development programs and </span></div><div class=\"ps7902 ss1214\"><span class=\"f charStyle-15b3b853 ps2240\">other non-allocated provisions </span><span class=\"f charStyle-2d30e21e ps15497\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15168 ss1251\"><div><div class=\"ps7903 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(11)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15169 ss1251\"><div><div class=\"ps7903 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(7)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5515 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-e1ebf359 ps2240\">IFRS/U.S. GAAP Adjustments </span><span class=\"f charStyle-33758787 ps15498\"><sup>(1)</sup></span><span class=\"f charStyle-e1ebf359 ps15499\">:</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15500 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net impact of capitalized development costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15501 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">103<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15502 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">72<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12199 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Derivative instruments not designated as hedge instruments <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">under IFRS</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15506 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">54<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15507 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(45)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15508 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">IFRIC 21 adjustment on levies<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15509 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15510 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15511 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee benefits adjustments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15512 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15513 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15514 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Asset acquisition tax incentives<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15515 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(9)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15516 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(19)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7336 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">IFRS 16 adjustment on lease expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15517 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15518 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15519 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Operating profit<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15520 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">320<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15521 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,688<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(1)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.87pt\">The operating profit allocated by reportable segments as reported in the above table is based on the Group\u2019s primary financial</span><span class=\"f charStyle-3452d124 ps1673\" style=\"width:2.22pt\"> </span></div><div class=\"ps15525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:423.99pt\">reporting framework (U.S. GAAP) and reflects the way the CODM monitors the operating performance of each segment.</span><span class=\"f charStyle-3452d124 ps15524\" style=\"width:2.22pt\"> </span></div><div class=\"ps15526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(2)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.88pt\">Includes unallocated income and expenses such as certain corporate-level operating expenses and other income (costs) that</span><span class=\"f charStyle-3452d124 ps1668\" style=\"width:2.22pt\"> </span></div><div class=\"ps15528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:158.49pt\">are not allocated to the reportable segments.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps15527\" style=\"width:2.22pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps15529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">The Group does not disclose any information regarding assets or non-cash expenses, including</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps15530 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">depreciation and amortization, for its reportable segments. Such information is not reviewed by the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps15531 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">CODM to assess segment performance or to make decisions about resources to be allocated to each</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:41.11pt\">segment.</span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The following is a summary of operations by entities located within the indicated geographic areas for</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:23.16pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15533\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15534\" style=\"width:400.22pt\">. Total revenues represent sales to third parties from the country in which each subsidiary</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">is domiciled. The Group is incorporated under Dutch law with head offices located in the Netherlands</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">while the Group\u2019s operational office and headquarters are located in Switzerland. Non-financial assets</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consist of property, plant and equipment, net, a significant portion of which is purchased through the</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">Group's head offices and subsequently operated by the Group's subsidiaries. Property, plant and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">equipment expenditures is mainly attributable to front-end and back-end facilities located in the different</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">countries in which the Group operates. As such, the Group mainly allocates capital spending resources</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:320.57pt\">according to geographic areas rather than along product segment areas.</span></div><div class=\"ps1809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:176.56pt\">Total revenues by geographical area:</span></div><div class=\"ps12801 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,948<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,944<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps7080 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">112<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">147<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">35<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">34<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">USA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,520<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,668<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2270 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Singapore<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12968 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,563<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps12969 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">6,808<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Japan<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">612<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">657<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11966 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12974 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12975 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15535 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">11,800<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15536 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,269<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:424.2pt\">Non-current assets other than other non-current financial assets and deferred tax assets:</span><span class=\"f charStyle-a745408e ps15538\" style=\"width:2.77pt\"> </span></div><div class=\"ps15542 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Netherlands<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,093<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,186<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Switzerland<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,740<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,597<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">France<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,009<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,017<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2266 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Italy<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12965 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,253<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12966 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,677<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other European Countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12968 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">234<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12969 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">214<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">USA<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">51<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">60<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">China<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12974 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">685<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12975 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">586<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Malaysia<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12978 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">424<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12979 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">471<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Singapore<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12982 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,401<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12983 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,493<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other countries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15163 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">283<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15164 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">281<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3906 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15540 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">14,173<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15541 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">13,582<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-506": {
   "value": "<div class=\"ps15546 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.28. Expenses by nature<span id=\"i0a789c8fa1e4431fa4910afc520860f9\"></span></span><span class=\"f charStyle-a745408e ps15545\"> </span></div><div class=\"ps15548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:338.25pt\">Expenses recorded as cost of sales, R&amp;D and SG&amp;A are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15547\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1248\"><div><div class=\"ps2712 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Depreciation and amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15438 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,139<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,056<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employee benefit expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15441 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">4,050<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,990<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Purchase of materials<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15443 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,610<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Power and Gas<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15445 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">452<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12930 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">516<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Freight<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15448 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15088 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">115<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Purchase of subcontracting services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15196 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,547<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15091 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,583<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Changes in inventories<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15197 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.78pt\"></span></span><span class=\"ps15549\">(172)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15198 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.78pt\"></span></span><span class=\"ps15549\">(167)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Transportation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15451 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">76<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15550 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">96<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Impairment and write-off charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15453 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">262<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15551 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">86<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Royalties and patents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15455 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">109<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15552 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Advertising costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15553 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15554 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Restructuring charges and other related phase-out costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15458 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">187<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15556 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.79pt\"></span></span><span class=\"ps15555\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15460 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">402<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15557 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">407<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9003 ss1248\"><div><div class=\"ps14461 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total cost of sales, selling, general and administrative, and <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">research and development expenses</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15462 ss925\"><div><div class=\"ps11839 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,781<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15558 ss925\"><div><div class=\"ps11839 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,721<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.21pt\">Employee benefit expenses are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15559\" style=\"width:2.77pt\"> </span></div><div class=\"ps15569 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Wages and salaries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,917<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,971<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Payroll taxes and other social contribution charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">606<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2719 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Share-based compensation expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15563 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15564 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">222<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee termination benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15565 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15566 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Pensions and other long-term benefits expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12968 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">198<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12969 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">191<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total employee benefit expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15419 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,050<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15420 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,990<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Of which included in:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9253 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cost of sales<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12945 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,759<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12946 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,717<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3699 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Selling, general and administrative expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12948 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,099<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12949 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,083<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3683 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Research and development expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,192<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,190<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15585 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.30. Other expenses <span id=\"i076f8ad3a22741eba19a9b9d5f613be4\"></span></span></div><div class=\"ps15586 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.75pt\">Other expenses consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps2576\" style=\"width:2.77pt\"> </span></div><div class=\"ps15589 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Start-up costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">69<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange loss<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14432 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Patent costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15587 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15588 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cancellation and postponement fees<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">18<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4962 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15156 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15157 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5137 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15228 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">53<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15229 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">140<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Start-up costs represent costs incurred in the ramp-up phase of the Group\u2019s newly integrated</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps7968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:107.2pt\">manufacturing activities.</span><span class=\"f charStyle-58d8bcbe ps3115\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Foreign exchange losses, net of foreign exchange forward contracts and other currency derivatives,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">represent the portion of exchange rate changes on transactions denominated in currencies other than a<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">subsidiary\u2019s functional currency and the changes in fair value of derivative instruments which are not</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.11pt\">designated as hedge, as described in Note 7.6.14.4.</span><span class=\"f charStyle-58d8bcbe ps15583\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Patent costs mainly include legal and attorney fees and payment for claims, patent pre-litigation</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consultancy and legal fees. They are reported net of settlements, if any, which primarily include</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.39pt\">reimbursements of prior patent litigation costs.</span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Cancellation and postponement fees are costs incurred when purchases for committed equipment or</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:201.14pt\">planned services are cancelled or postponed.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-505": {
   "value": "<div class=\"ps15546 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.28. Expenses by nature<span id=\"i0a789c8fa1e4431fa4910afc520860f9\"></span></span><span class=\"f charStyle-a745408e ps15545\"> </span></div><div class=\"ps15548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:338.25pt\">Expenses recorded as cost of sales, R&amp;D and SG&amp;A are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15547\" style=\"width:2.77pt\"> </span></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss148 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:302.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:79.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1248\"><div><div class=\"ps2712 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12539 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss925\"><div><div class=\"ps2714 ss918\"><span class=\"f charStyle-a9f4bb30 ps14275\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss918\"><span class=\"f charStyle-a9f4bb30 ps442\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Depreciation and amortization<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15438 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,139<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,056<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Employee benefit expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15441 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">4,050<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">3,990<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Purchase of materials<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15443 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,610<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">2,908<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Power and Gas<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15445 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">452<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12930 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">516<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Freight<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15448 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">99<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15088 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">115<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Purchase of subcontracting services<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15196 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,547<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15091 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:47.78pt\"></span></span><span class=\"ps15440\">1,583<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Changes in inventories<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15197 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.78pt\"></span></span><span class=\"ps15549\">(172)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15198 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:52.78pt\"></span></span><span class=\"ps15549\">(167)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Transportation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15451 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">76<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15550 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">96<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Impairment and write-off charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15453 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">262<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15551 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">86<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13590 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Royalties and patents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15455 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">109<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15552 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">106<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13591 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Advertising costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15553 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15554 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:61.67pt\"></span></span><span class=\"ps15193\">25<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9630 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Restructuring charges and other related phase-out costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15458 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">187<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15556 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.79pt\"></span></span><span class=\"ps15555\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps5608 ss1225\"><div><div class=\"ps2288 ss1224\"><span class=\"f charStyle-c2d5035f ps2240\">Other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15460 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">402<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15557 ss921\"><div><div class=\"ps2288 ss918\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.11pt\"></span></span><span class=\"ps15192\">407<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9003 ss1248\"><div><div class=\"ps14461 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total cost of sales, selling, general and administrative, and <span class=\"f ps26\"> </span></span></div><div class=\"ps14462 ss1224\"><span class=\"f charStyle-a9f4bb30 ps2240\">research and development expenses</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15462 ss925\"><div><div class=\"ps11839 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,781<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15558 ss925\"><div><div class=\"ps11839 ss918\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.22pt\"></span></span><span class=\"ps15447\">11,721<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:227.21pt\">Employee benefit expenses are detailed as follows:</span><span class=\"f charStyle-58d8bcbe ps15559\" style=\"width:2.77pt\"> </span></div><div class=\"ps15569 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Wages and salaries<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,917<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,971<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Payroll taxes and other social contribution charges<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">663<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">606<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2719 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Share-based compensation expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15563 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">193<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15564 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">222<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5120 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Employee termination benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15565 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">79<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15566 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2270 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Pensions and other long-term benefits expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12968 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">198<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12969 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">191<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2274 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total employee benefit expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15419 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">4,050<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15420 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">3,990<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8690 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Of which included in:<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9253 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cost of sales<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12945 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,759<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12946 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,717<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3699 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Selling, general and administrative expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12948 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,099<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12949 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,083<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps3683 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Research and development expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,192<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">1,190<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-508": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.29. Other income<span id=\"i9a56a549c7904864bb81d9ed400e0378\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.18pt\">Other income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15572\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">R&amp;D funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">266<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">73<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">9<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange gain<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9613 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Gain on sale of non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15141 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15142 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15579 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">354<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15580 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">280<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5418 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group receives public funding from governmental bodies in several jurisdictions. Public funding for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">research, development and other innovation programs is recognized ratably as the related costs are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">incurred once the agreement with the respective governmental body has been signed and all applicable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:116.67pt\">conditions have been met.</span><span class=\"f charStyle-58d8bcbe ps15582\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Foreign exchange gains, net of foreign exchange forward contracts and other currency derivatives,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">represent the portion of exchange rate changes on transactions denominated in currencies other than a</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">subsidiary\u2019s functional currency and the changes in fair value of derivative instruments which are not</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps5421 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.11pt\">designated as hedge, as described in Note 7.6.14.4.</span><span class=\"f charStyle-58d8bcbe ps15583\" style=\"width:2.77pt\"> </span></div><div class=\"ps15585 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.30. Other expenses <span id=\"i076f8ad3a22741eba19a9b9d5f613be4\"></span></span></div><div class=\"ps15586 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.75pt\">Other expenses consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps2576\" style=\"width:2.77pt\"> </span></div><div class=\"ps15589 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Start-up costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">69<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange loss<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14432 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Patent costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15587 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15588 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cancellation and postponement fees<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">18<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4962 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15156 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15157 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5137 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15228 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">53<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15229 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">140<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Start-up costs represent costs incurred in the ramp-up phase of the Group\u2019s newly integrated</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps7968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:107.2pt\">manufacturing activities.</span><span class=\"f charStyle-58d8bcbe ps3115\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Foreign exchange losses, net of foreign exchange forward contracts and other currency derivatives,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">represent the portion of exchange rate changes on transactions denominated in currencies other than a<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">subsidiary\u2019s functional currency and the changes in fair value of derivative instruments which are not</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.11pt\">designated as hedge, as described in Note 7.6.14.4.</span><span class=\"f charStyle-58d8bcbe ps15583\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Patent costs mainly include legal and attorney fees and payment for claims, patent pre-litigation</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consultancy and legal fees. They are reported net of settlements, if any, which primarily include</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.39pt\">reimbursements of prior patent litigation costs.</span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Cancellation and postponement fees are costs incurred when purchases for committed equipment or</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:201.14pt\">planned services are cancelled or postponed.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-507": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.29. Other income<span id=\"i9a56a549c7904864bb81d9ed400e0378\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:177.18pt\">Other income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15572\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">R&amp;D funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">219<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">266<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">73<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">9<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange gain<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">56<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9613 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Gain on sale of non-current assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15141 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15142 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12588 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15579 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">354<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15580 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">280<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5418 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">The Group receives public funding from governmental bodies in several jurisdictions. Public funding for</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">research, development and other innovation programs is recognized ratably as the related costs are</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps14674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">incurred once the agreement with the respective governmental body has been signed and all applicable</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps14675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:116.67pt\">conditions have been met.</span><span class=\"f charStyle-58d8bcbe ps15582\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Foreign exchange gains, net of foreign exchange forward contracts and other currency derivatives,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">represent the portion of exchange rate changes on transactions denominated in currencies other than a</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">subsidiary\u2019s functional currency and the changes in fair value of derivative instruments which are not</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.11pt\">designated as hedge, as described in Note 7.6.14.4.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-509": {
   "value": "<div class=\"ps15585 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.30. Other expenses <span id=\"i076f8ad3a22741eba19a9b9d5f613be4\"></span></span></div><div class=\"ps15586 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:187.75pt\">Other expenses consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps2576\" style=\"width:2.77pt\"> </span></div><div class=\"ps15589 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Start-up costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">7<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">69<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8047 ss1255\"><div><div class=\"ps15573 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign exchange forward contracts and other currency <span class=\"f ps26\"> </span></span></div><div class=\"ps15574 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">derivatives</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12959 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12960 ss1256\"><div><div class=\"ps15575 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">42<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15576 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Net foreign exchange loss<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15577 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15578 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps14432 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Patent costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15587 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15588 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cancellation and postponement fees<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">6<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">18<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4962 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15156 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15157 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps5137 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total other expenses<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15228 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">53<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15229 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">140<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">Start-up costs represent costs incurred in the ramp-up phase of the Group\u2019s newly integrated</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps7968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:107.2pt\">manufacturing activities.</span><span class=\"f charStyle-58d8bcbe ps3115\" style=\"width:2.77pt\"> </span></div><div class=\"ps2459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">Foreign exchange losses, net of foreign exchange forward contracts and other currency derivatives,</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">represent the portion of exchange rate changes on transactions denominated in currencies other than a<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">subsidiary\u2019s functional currency and the changes in fair value of derivative instruments which are not</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:231.11pt\">designated as hedge, as described in Note 7.6.14.4.</span><span class=\"f charStyle-58d8bcbe ps15583\" style=\"width:2.77pt\"> </span></div><div class=\"ps12497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Patent costs mainly include legal and attorney fees and payment for claims, patent pre-litigation</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps12498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">consultancy and legal fees. They are reported net of settlements, if any, which primarily include</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:204.39pt\">reimbursements of prior patent litigation costs.</span></div><div class=\"ps10380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Cancellation and postponement fees are costs incurred when purchases for committed equipment or</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps10381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:201.14pt\">planned services are cancelled or postponed.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-511": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.31. Finance income<span id=\"i1d31f1e377a04cc08cb30de7aaa90b21\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.3pt\">Total finance income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15590\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche A <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">225<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12319 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche B <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15591 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15592 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">252<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value on equity securities at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">76<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4776 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Nominal interest income on quoted debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15595 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">110<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15596 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8607 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15597 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15598 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">240<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8089 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15599 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">313<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15600 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">780<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.14.3, the change in fair value of the non-equity derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">corresponding to the bondholders\u2019 conversion option and the issuer\u2019s call option embedded in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.86pt\">unsecured senior convertible bonds issued on August 4, 2020, </span><span class=\"f charStyle-58d8bcbe ps15601\" style=\"width:114.9pt\">generated an income of $</span><span class=\"f charStyle-58d8bcbe ps15602\" style=\"width:11.12pt\">14</span><span class=\"f charStyle-58d8bcbe ps15603\" style=\"width:60.05pt\"> million and a</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.67pt\">loss of $</span><span class=\"f charStyle-58d8bcbe ps15604\" style=\"width:5.56pt\">2</span><span class=\"f charStyle-58d8bcbe ps15605\" style=\"width:180.44pt\"> million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15606\" style=\"width:89.25pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15607\" style=\"width:59.79pt\"> compared to</span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:30.34pt\"> a loss<span id=\"i08a870cb70104867a96101c5c1404bc8_632\"></span></span><span class=\"f charStyle-58d8bcbe ps15609\" style=\"width:63.84pt\"> of $46 million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:277.01pt\">and an income of $477 million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15610\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15611\" style=\"width:2.77pt\">.</span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps15612\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps15613\" style=\"width:155.75pt\"> million unrealized gain recognized</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.89pt\">as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps15614\" style=\"width:5.54pt\">\u00a0 </span></div>Other finance income is related to cash and cash equivalents and short-term deposits.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-510": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.31. Finance income<span id=\"i1d31f1e377a04cc08cb30de7aaa90b21\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:208.3pt\">Total finance income consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15590\" style=\"width:2.77pt\"> </span></div><div class=\"ps12249 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche A <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">225<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:25.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12319 ss1252\"><div><div class=\"ps15503 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the conversion option of Tranche B <span class=\"f ps26\"> </span></span></div><div class=\"ps15504 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">convertible bonds issued on August 4, 2020</span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15591 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15592 ss1253\"><div><div class=\"ps15505 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">252<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value on equity securities at FVPL<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">76<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4776 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Nominal interest income on quoted debt securities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15595 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">110<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15596 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">63<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8607 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15597 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">113<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15598 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">240<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8089 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance income<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15599 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">313<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15600 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">780<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">As described in Note 7.6.14.3, the change in fair value of the non-equity derivative instruments</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps7558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">corresponding to the bondholders\u2019 conversion option and the issuer\u2019s call option embedded in the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps12565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:281.86pt\">unsecured senior convertible bonds issued on August 4, 2020, </span><span class=\"f charStyle-58d8bcbe ps15601\" style=\"width:114.9pt\">generated an income of $</span><span class=\"f charStyle-58d8bcbe ps15602\" style=\"width:11.12pt\">14</span><span class=\"f charStyle-58d8bcbe ps15603\" style=\"width:60.05pt\"> million and a</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps12566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:38.67pt\">loss of $</span><span class=\"f charStyle-58d8bcbe ps15604\" style=\"width:5.56pt\">2</span><span class=\"f charStyle-58d8bcbe ps15605\" style=\"width:180.44pt\"> million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15606\" style=\"width:89.25pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15607\" style=\"width:59.79pt\"> compared to</span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:30.34pt\"> a loss<span id=\"i08a870cb70104867a96101c5c1404bc8_632\"></span></span><span class=\"f charStyle-58d8bcbe ps15609\" style=\"width:63.84pt\"> of $46 million</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps12567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:277.01pt\">and an income of $477 million respectively, for the year ended </span><span class=\"f charStyle-58d8bcbe ps15610\" style=\"width:87.79pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15611\" style=\"width:2.77pt\">.</span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">In December 2024, the Group participated to the IPO of Innoscience (Suzhou) which became public on</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">the main segment of Hong Kong Stock Exchange. As a publicly traded equity instrument, Innoscience</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps3878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:301pt\">investment is measured at fair value through profit or loss, with a $</span><span class=\"f charStyle-58d8bcbe ps15612\" style=\"width:11.12pt\">76</span><span class=\"f charStyle-58d8bcbe ps15613\" style=\"width:155.75pt\"> million unrealized gain recognized</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:253.89pt\">as finance income in the year ended December 31, 2025.</span><span class=\"f charStyle-58d8bcbe ps15614\" style=\"width:5.54pt\">\u00a0 </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:386.05pt\">Other finance income is related to cash and cash equivalents and short-term deposits.\u00a0 </span><div class=\"ps5430 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.32. Finance costs <span id=\"i2b1159805b4b410ca3473d0bfb220fec\"></span></span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:199.4pt\">Total finance costs consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15616\" style=\"width:2.77pt\"> </span></div><div class=\"ps15623 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Amortization of issuance costs on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the call option of Tranche A convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">\u00a0 Change in fair value of the call option of Tranche B convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2800 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15617 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15050 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15618 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on long-term loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15619 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">48<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15620 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">77<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Bank charges and commissions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12982 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12983 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3683 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps6051 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15621 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">85<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15622 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">164<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:173.31pt\">No borrowing costs were capitalized in </span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15624\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps8000\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15625\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15626\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.47pt\">Leases are further described in Note 7.6.11</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-512": {
   "value": "<div class=\"ps5430 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.32. Finance costs <span id=\"i2b1159805b4b410ca3473d0bfb220fec\"></span></span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:199.4pt\">Total finance costs consisted of the following:</span><span class=\"f charStyle-58d8bcbe ps15616\" style=\"width:2.77pt\"> </span></div><div class=\"ps15623 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps2712 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps2714 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interest on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15083 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15084 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">24<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Amortization of issuance costs on Senior Bonds<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in fair value of the call option of Tranche A convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12962 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12963 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12772 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">\u00a0 Change in fair value of the call option of Tranche B convertible <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">bonds issued on August 4, 2020 </span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15593 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">2<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15594 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2800 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15617 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">11<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15050 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15618 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Interests on long-term loans and borrowings<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15619 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">48<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15620 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">77<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Bank charges and commissions<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12982 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12983 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3683 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other finance expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15567 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15568 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">1<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps6051 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total finance costs<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15621 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">85<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15622 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">164<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:173.31pt\">No borrowing costs were capitalized in </span><span class=\"f charStyle-58d8bcbe ps7610\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15624\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps8000\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15625\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps15626\" style=\"width:2.77pt\"> </span></div><div class=\"ps3930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.47pt\">Leases are further described in Note 7.6.11</span><span class=\"f charStyle-58d8bcbe ps1099\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-513": {
   "value": "<div class=\"ps2183 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.34. Income tax <span id=\"i4f0fb3caf0bf4735ab0f76c992b8b680\"></span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:355.75pt\">The major components of income tax benefit (expense) for the years ended </span><span class=\"f charStyle-58d8bcbe ps15632\" style=\"width:91.07pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15633\" style=\"width:21.09pt\"> and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:19.99pt\"> are:</span><span class=\"f charStyle-58d8bcbe ps5005\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140pt\">Consolidated income statement</span><span class=\"f charStyle-58d8bcbe ps5092\" style=\"width:2.77pt\"> </span></div><div class=\"ps15511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">The Netherlands taxes \u2013 current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign taxes \u2013 current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15102 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(160)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15103 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(185)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12926 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(160)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12927 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(185)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">The Netherlands taxes \u2013 deferred<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15634 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15635 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2677 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign deferred taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15636 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(75)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15637 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(124)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15638 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Deferred taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15639 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(75)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15640 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(124)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11792 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15641 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(235)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15642 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(309)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Consolidated statement of other comprehensive income (deferred tax related to items charged or credited</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.74pt\">directly to equity during the year).</span><span class=\"f charStyle-58d8bcbe ps15643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15644 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cash Flow Hedge<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Re-measurements of employee benefit obligations<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Debt instruments at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12926 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12927 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax credited (charged) directly to equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(19)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps2706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">A reconciliation between income tax benefit and the product of income before tax multiplied by The</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps15649 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:224.58pt\">Netherlands\u2019 statutory tax rate for the years ended </span><span class=\"f charStyle-58d8bcbe ps15645\" style=\"width:87.79pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps2147\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15646\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15647\" style=\"width:59.41pt\"> is as follows:</span><span class=\"f charStyle-58d8bcbe ps15648\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Gain (loss) before income tax<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">548<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:48.53pt\"></span></span><span class=\"ps12923\">2,304<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:27pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2254 ss1218\"><div><div class=\"ps15650 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax benefit (expense) at The Netherlands\u2019 statutory <span class=\"f ps26\"> </span></span></div><div class=\"ps15651 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">tax rate of 25.8% (2024: 25.8%)</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15102 ss950\"><div><div class=\"ps10916 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(141)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15103 ss950\"><div><div class=\"ps10916 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(594)</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps11368 ss1249\"><div><div class=\"ps4307 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Permanent differences and other non-deductible, non-taxable <span class=\"f ps26\"> </span></span></div><div class=\"ps4308 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">items</span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12929 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12930 ss111\"><div><div class=\"ps4311 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">59<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11962 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Change in deferred tax assets recognition<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12971 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(84)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12972 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(14)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11966 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Effect of changes in tax laws and similar<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12974 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12975 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps3720 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Current year tax credits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12978 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">32<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps12979 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">37<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12980 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Other tax and credits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12982 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(26)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps12983 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(15)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Benefits from tax holidays<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15163 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">45<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15164 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2736 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Current year tax risk<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15652 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(82)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15653 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(3)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4419 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Earnings (losses) of subsidiaries taxed at different rates<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15654 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">20<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15655 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:56.86pt\"></span></span><span class=\"ps12918\">192<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9630 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15656 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(235)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15556 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(309)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15659 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:102.27pt\">During the year ended </span><span class=\"f charStyle-58d8bcbe ps15657\" style=\"width:88.09pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15658\" style=\"width:277.58pt\">, the variation on the change in deferred tax assets recognition</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps15660 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">relates to the assessment of the recoverability of the deferred tax assets. The Group did not recognize</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps15667 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:363.9pt\">deferred tax assets on net operating losses and tax credits for an amount of <span class=\"f ps26\"> </span></span><span class=\"f charStyle-bdf8be45 ps15661\" style=\"width:5.56pt\"><span style=\"background-color:inherit\">$</span></span><span class=\"f charStyle-bdf8be45 ps15662\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">53</span></span><span class=\"f charStyle-bdf8be45 ps15663\" style=\"width:4.68pt\"><span style=\"background-color:inherit\"> </span></span><span class=\"f charStyle-58d8bcbe ps15664\" style=\"width:36.34pt\">million (</span><span class=\"f charStyle-58d8bcbe ps4327\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15665\" style=\"width:13.01pt\">: $</span><span class=\"f charStyle-bdf8be45 ps15666\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">21</span></span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15668 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:34.43pt\">million).<span class=\"f ps26\"> </span></span></div><div class=\"ps15669 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The variation on uncertain tax positions of $82 million is related to tax audits in certain countries with</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps15670 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:115.52pt\">respect to transfer pricing.</span></div><div class=\"ps7095 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">The tax holidays represent a tax exemption period aimed at attracting foreign technological investment in<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps15671 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">certain tax jurisdictions. These agreements are present in various countries and include programs that</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15672 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">reduce up to 100% of taxes in years affected by the agreements. The Group\u2019s tax holidays expire at</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps15673 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:261.12pt\">various dates through the year ending December\u00a031, 2030.</span></div><div class=\"ps15674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">For a particular tax-paying component of the Group and within a particular tax jurisdiction, all deferred tax</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps15675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">assets and liabilities are offset and presented as a single amount. The Group does not offset deferred tax</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15677 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:432.31pt\">assets and liabilities attributable to different tax-paying components or to different tax jurisdictions.</span><span class=\"f charStyle-58d8bcbe ps15676\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:134.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:44.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1258\"><div><div class=\"ps12549 ss1257\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15678 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps12316\">December 31,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps8892\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10672 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps15679\">Exchange<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps15680\">differences<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15684 ss1260\"><div><div class=\"ps8495 ss306\"><span class=\"f charStyle-8ec81ad0 ps15681\">Income\u00a0tax<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss306\"><span class=\"f charStyle-8ec81ad0 ps10318\">charged<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss306\"><span class=\"f charStyle-8ec81ad0 ps15682\">directly<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss306\"><span class=\"f charStyle-8ec81ad0 ps15683\">to\u00a0equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15685 ss1260\"><div><div class=\"ps8495 ss306\"><span class=\"f charStyle-8ec81ad0 ps9385\">Income<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss306\"><span class=\"f charStyle-8ec81ad0 ps14883\">statement<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss306\"><span class=\"f charStyle-8ec81ad0 ps14590\">benefit<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss306\"><span class=\"f charStyle-8ec81ad0 ps6198\">(expense)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15686 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps12316\">December 31,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps8892\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10124 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10941 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Tax loss carryforwards, tax <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">credits and other tax attributes</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15687 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">289<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15688 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">23<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15689 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15691 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(84)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15692 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">228<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9580 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Fixed asset depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15693 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">57<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15694 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:54.38pt\"></span></span><span class=\"ps12412\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15695 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15697 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15698 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">79<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11009 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Receivables for government <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">funding</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15699 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">186<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15700 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">28<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15701 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15702 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15703 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">239<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9898 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Pension<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15704 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15705 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.38pt\"></span></span><span class=\"ps12344\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15707 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15708 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15709 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">66<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11316 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15710 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15711 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">31<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15712 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15713 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15714 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8713 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15715 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">151<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15716 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.38pt\"></span></span><span class=\"ps12344\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15717 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15718 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">61<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15719 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">214<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5265 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15720 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">807<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15721 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">92<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15722 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(3)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15723 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15724 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">894<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3702 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11028 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Accelerated tax depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15725 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(53)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15726 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15727 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15728 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15729 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(76)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7316 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Acquired intangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15730 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(26)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15731 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15732 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15733 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(6)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15734 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(33)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15735 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Advances of government <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">funding</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15736 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(237)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15737 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(37)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15738 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15739 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(49)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15740 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(323)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14318 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Capitalized development cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15741 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(170)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15742 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:54.38pt\"></span></span><span class=\"ps12412\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15743 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15744 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(14)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15745 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(184)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9465 ss1262\"><div><div class=\"ps11840 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15746 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(59)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15747 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15748 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15749 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15750 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(67)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14956 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15751 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(36)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15752 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(7)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15753 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15754 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15755 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(63)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5173 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15756 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(581)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15757 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(76)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15758 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(16)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15759 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(73)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15760 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(746)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12007 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Net deferred tax<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15761 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">226<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15762 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">16<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15763 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15764 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(75)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15765 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">148<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7145 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The balance represents management\u2019s assessment of the likelihood of future realization of the net DTA</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:232.75pt\">recognized in the period against future taxable profit.<span class=\"f ps26\"> </span></span></div><div class=\"ps7148 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:401.22pt\">The line other deferred tax assets is primarily composed of deferred tax assets related to i<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15766\" style=\"width:66.78pt\">nventory, stock</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.33pt\">awards and commercial accruals.</span><span class=\"f charStyle-58d8bcbe ps15767\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:164.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:44.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1266\"><div><div class=\"ps12549 ss1265\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10504 ss1267\"><div><div class=\"ps9571 ss142\"><span class=\"f charStyle-8ec81ad0 ps6225\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss142\"><span class=\"f charStyle-8ec81ad0 ps6270\">2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15768 ss1268\"><div><div class=\"ps9571 ss159\"><span class=\"f charStyle-8ec81ad0 ps10302\">Exchange<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss159\"><span class=\"f charStyle-8ec81ad0 ps13005\">differences<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15771 ss1269\"><div><div class=\"ps8495 ss182\"><span class=\"f charStyle-8ec81ad0 ps12076\">Income\u00a0tax<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss182\"><span class=\"f charStyle-8ec81ad0 ps6375\">charged<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss182\"><span class=\"f charStyle-8ec81ad0 ps15769\">directly<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss182\"><span class=\"f charStyle-8ec81ad0 ps15770\">to\u00a0equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13507 ss1270\"><div><div class=\"ps8495 ss715\"><span class=\"f charStyle-8ec81ad0 ps6227\">Income<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss715\"><span class=\"f charStyle-8ec81ad0 ps6202\">statement<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss715\"><span class=\"f charStyle-8ec81ad0 ps6491\">benefit<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss715\"><span class=\"f charStyle-8ec81ad0 ps12081\">(expense)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1272\"><div><div class=\"ps9571 ss1271\"><span class=\"f charStyle-8ec81ad0 ps11349\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss1271\"><span class=\"f charStyle-8ec81ad0 ps15772\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10124 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10941 ss1274\"><div><div class=\"ps7080 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Tax loss carryforwards, tax credits and <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">other tax attributes</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15773 ss1275\"><div><div class=\"ps11303 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">309<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15774 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(11)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15776 ss1276\"><div><div class=\"ps11303 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15777 ss784\"><div><div class=\"ps11303 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15779 ss1277\"><div><div class=\"ps11303 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">289<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Fixed asset depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15780 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">61<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15781 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15782 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13533 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15784 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">57<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15638 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Receivables for government funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15785 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">155<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15786 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15787 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15788 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.38pt\"></span></span><span class=\"ps8529\">44<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15789 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">186<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11792 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Pension<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15790 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15791 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15792 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.64pt\"></span></span><span class=\"ps12937\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15793 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.38pt\"></span></span><span class=\"ps8509\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13757 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8898 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Lease Liabilities <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15794 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">66<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15795 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(15)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15796 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15797 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.38pt\"></span></span><span class=\"ps8509\">8<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15798 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4110 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15799 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">154<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15800 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15802 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15804 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15805 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">151<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11888 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15806 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">813<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15807 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(47)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15808 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">12<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15809 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.38pt\"></span></span><span class=\"ps8529\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15810 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">807<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15811 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2597 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Accelerated tax depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15813 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(40)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15814 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15815 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15816 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15818 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(53)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7923 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Acquired intangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15819 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(24)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15820 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15821 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15822 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15823 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(26)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15824 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Advances of government funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15825 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(185)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15826 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15827 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15828 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(67)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15830 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(237)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8560 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Capitalized development cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15831 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(123)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15832 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15833 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15834 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(47)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15835 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(170)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15836 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15837 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(65)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15838 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15839 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15840 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15841 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(59)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15508 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15842 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(22)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15843 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.88pt\"></span></span><span class=\"ps13141\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15844 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15845 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15846 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(36)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7327 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15847 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(459)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15848 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">31<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15849 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15851 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.39pt\"></span></span><span class=\"ps15850\">(153)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14211 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(581)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11835 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Net deferred tax<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15852 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">354<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15853 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15854 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">12<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15855 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.39pt\"></span></span><span class=\"ps15850\">(124)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15856 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">226<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:401.22pt\">The line other deferred tax assets is primarily composed of deferred tax assets related to i</span><span class=\"f charStyle-58d8bcbe ps15766\" style=\"width:66.78pt\">nventory, stock</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.33pt\">awards and commercial accruals.</span></div><div class=\"ps15063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.85pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15857\" style=\"width:90.11pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15858\" style=\"width:349.97pt\">, the Group has tax loss carry forwards, investment tax credits and other tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.71pt\">attributes that expire starting 2026 out of which a deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps15859\" style=\"width:16.68pt\">304</span><span class=\"f charStyle-58d8bcbe ps15860\" style=\"width:121.59pt\"> million are recognized, the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.61pt\">expiry of the deferred tax assets as follows:</span><span class=\"f charStyle-58d8bcbe ps15861\" style=\"width:2.77pt\"> </span></div><div class=\"ps15872 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1282 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1280\"><div><div class=\"ps2712 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10053 ss573\"><div><div class=\"ps2714 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">In millions of <span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">U.S. dollars</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15864 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15865 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15866 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15867 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15869 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15870 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">266<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15871 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">304<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:442.57pt\">The amount reported on the line \u201cThereafter\u201d includes a tax loss carried forward which will expire in</span><span class=\"f charStyle-bdf8be45 ps15873\" style=\"width:25.35pt\"><span style=\"background-color:inherit\"> 2032</span></span><span class=\"f charStyle-bdf8be45 ps1643\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps14690 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:14.43pt\">for </span><span class=\"f charStyle-bdf8be45 ps15875\" style=\"width:5.56pt\"><span style=\"background-color:inherit\">$</span></span><span class=\"f charStyle-bdf8be45 ps15876\" style=\"width:42.22pt\"><span style=\"background-color:inherit\">80\u00a0million</span></span><span class=\"f charStyle-bdf8be45 ps15877\" style=\"width:2.77pt\"><span style=\"background-color:inherit\">.</span></span><span class=\"f charStyle-58d8bcbe ps9151\" style=\"width:14.25pt\"> Th</span><span class=\"f charStyle-58d8bcbe ps15878\" style=\"width:192.22pt\">e remaining amount has no expiration date.</span></div><div class=\"ps14691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.79pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15879\" style=\"width:89.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15880\" style=\"width:352pt\">, the Group has deferred tax assets on tax loss carry forwards and investment</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps15881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.61pt\">credits that expire starting 2024, as follows:</span><span class=\"f charStyle-58d8bcbe ps15861\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1282 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1280\"><div><div class=\"ps2712 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10053 ss573\"><div><div class=\"ps2714 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">In millions of <span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">U.S. dollars</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15864 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15865 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15866 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15867 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15869 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15870 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15871 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">309<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5417 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The amount reported on the line \u201cThereafter\u201d includes tax credit which will expire in 2030 for $64 million.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.59pt\"> </span></div><div class=\"ps5418 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.88pt\">The remaining amount has no expiration date.</span></div><div class=\"ps5245 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.07pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15882\" style=\"width:92.33pt\">December\u00a031, 2025</span><span class=\"f charStyle-bdf8be45 ps15883\" style=\"width:345.46pt\"><span style=\"background-color:inherit\">, deferred tax assets not recognized in the statement of financial position</span></span><span class=\"f charStyle-bdf8be45 ps1675\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps5246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:63.89pt\"><span style=\"background-color:inherit\">amounted to $</span></span><span class=\"f charStyle-bdf8be45 ps2431\" style=\"width:16.68pt\"><span style=\"background-color:inherit\">765</span><span class=\"f ps26\"> </span></span><span class=\"f charStyle-bdf8be45 ps13486\" style=\"width:37.2pt\"><span style=\"background-color:inherit\"> million (</span></span><span class=\"f charStyle-58d8bcbe ps15884\" style=\"width:22.24pt\">2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8123\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:16.68pt\">699</span><span class=\"f charStyle-58d8bcbe ps15885\" style=\"width:228.85pt\">\u00a0million) and are mainly composed of the followings:</span><span class=\"f charStyle-58d8bcbe ps15886\" style=\"width:2.77pt\"> </span></div><div class=\"ps5247 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">239</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:38.6pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15888\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15889\" style=\"width:11.8pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15890\" style=\"width:16.68pt\">234</span><span class=\"f charStyle-58d8bcbe ps15891\" style=\"width:320.41pt\"> million) relating to an agreement granting the Group certain tax credits</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">for capital investments purchased through the year ended December\u00a031, 2006. Any unused tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.87pt\">credits granted under the agreement will be impacted by a legal inflationary index of 2.21%</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps5885\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15892\" style=\"width:406.37pt\">: 3.45%). The credits may be utilized depending on the Group meeting certain program</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">criteria. The credit may be utilized depending on the Company meeting certain program criteria</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">and have no expiration date. In addition to this agreement, from 2007 onwards, the Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">continued and will continue to receive tax credits on the yearly capital investments, which may be</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">used to offset that year\u2019s tax liabilities and increases by the legal inflationary rate. However,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3202 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">pursuant to the inability to use these credits currently and in future years, the Group did not</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps7535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:56.67pt\">recognize in </span><span class=\"f charStyle-58d8bcbe ps15893\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15894\" style=\"width:32.77pt\"> and in </span><span class=\"f charStyle-58d8bcbe ps15895\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15896\" style=\"width:279.37pt\"> these deferred tax assets in the statement of financial position.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps5376\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">231</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:39.06pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15897\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15898\" style=\"width:12.03pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15899\" style=\"width:16.68pt\">213</span><span class=\"f charStyle-58d8bcbe ps15900\" style=\"width:319.63pt\"> million) of tax loss carry forwards generated in on-going operations or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">corresponding to net operating losses acquired in business combinations, whose recovery was</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">not considered probable. The majority of these unrecognized tax loss carry forwards has no</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:51.66pt\">expiry date.</span><span class=\"f charStyle-58d8bcbe ps295\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">295</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:74.95pt\"> million (2024: $</span><span class=\"f charStyle-58d8bcbe ps15901\" style=\"width:16.68pt\">252</span><span class=\"f charStyle-58d8bcbe ps15902\" style=\"width:318.13pt\"> million) relating to the deferred tax assets not recognized on the tax</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7149 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:381.94pt\">credit granted to the Group for certain technological activities for an amount of $</span><span class=\"f charStyle-58d8bcbe ps15903\" style=\"width:16.68pt\">133</span><span class=\"f charStyle-58d8bcbe ps15904\" style=\"width:33.35pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:23.89pt\">expiri</span><span class=\"f charStyle-bdf8be45 ps15905\" style=\"width:408.08pt\"><span style=\"background-color:inherit\">ng in 2030 and the impact of the conclusion of discussions with the tax authorities for</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps13210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps1621\" style=\"width:196.66pt\"><span style=\"background-color:inherit\">intangibles recognized for tax purposes for $</span></span><span class=\"f charStyle-bdf8be45 ps15906\" style=\"width:16.68pt\"><span style=\"background-color:inherit\">162</span></span><span class=\"f charStyle-bdf8be45 ps15907\" style=\"width:193.31pt\"><span style=\"background-color:inherit\"> million expiring on a linear basis until 2029.</span></span></div><div class=\"ps5437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:303.18pt\">No deferred tax liability is recognized on temporary differences of $</span><span class=\"f charStyle-58d8bcbe ps15908\" style=\"width:16.68pt\">432</span><span class=\"f charStyle-58d8bcbe ps15909\" style=\"width:148.05pt\"> million relating to the unremitted</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5438 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">earnings of subsidiaries as the Group is able to control the timings of the reversal of these temporary</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:403.64pt\">differences and it is probable that they will not reverse in the foreseeable future. As of </span><span class=\"f charStyle-58d8bcbe ps15910\" style=\"width:64.31pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:130.07pt\">, a deferred tax liability of $<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15911\" style=\"width:5.56pt\">8</span><span class=\"f charStyle-58d8bcbe ps15912\" style=\"width:310.12pt\"> million was recognized on the amount of earnings expected to be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.09pt\">repatriated in the foreseeable future.</span><span class=\"f charStyle-58d8bcbe ps15913\" style=\"width:2.77pt\"> </span></div><div class=\"ps15914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.82pt\">Pillar II income taxes</span></div><div class=\"ps15917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:249.01pt\">Pillar II legislation has been enacted in certain jurisdictio</span><span class=\"f charStyle-58d8bcbe ps15915\" style=\"width:77.28pt\">ns in which the G</span><span class=\"f charStyle-58d8bcbe ps15916\" style=\"width:141.59pt\">roup operates (Netherlands, the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">majority of the European Countries and Switzerland). The legislation is effective for the Group's financial</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps15920 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:142.8pt\">year beginning January 1, 2024.</span><span class=\"f charStyle-58d8bcbe ps15919\" style=\"width:2.77pt\"> </span></div><div class=\"ps15921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The Group applies the exception to recognizing and disclosing information about deferred tax assets and</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps15922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12 issued in May</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.01pt\">2023.</span></div><div class=\"ps10045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:108.1pt\">The assessment of the </span><span class=\"f charStyle-58d8bcbe ps12694\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps12695\" style=\"width:337.51pt\"> exposure to Pillar II income taxes is based on the most recent tax filings,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps15924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.76pt\"> draft country-by-country reporting and the US GAAP financial statements for the constituent entities</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">in the Group. Based on the assessment, the Pillar II effective tax rates in most of the jurisdictions are</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">above 15%. However, there is a limited number of jurisdictions where the transitional safe harbour relief</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">does not apply and the Pillar II effective tax rate is slightly below 15%. Therefore, the Group has recorded</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:255.63pt\">a current tax expense related to Pillar II income taxes of </span><span class=\"f charStyle-58d8bcbe ps15925\" style=\"width:42.79pt\">$2\u00a0million</span><span class=\"f charStyle-58d8bcbe ps15926\" style=\"width:169.5pt\"> in those jurisdictions ($9 million as of</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">December 31, 2024). The Group is continuously monitoring the Pillar II legislation and related guidance</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:439.02pt\">which are still evolving and may have an impact on the Group's Pillar II tax charge in future periods.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-514": {
   "value": "<div class=\"ps2183 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.34. Income tax <span id=\"i4f0fb3caf0bf4735ab0f76c992b8b680\"></span></span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:355.75pt\">The major components of income tax benefit (expense) for the years ended </span><span class=\"f charStyle-58d8bcbe ps15632\" style=\"width:91.07pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15633\" style=\"width:21.09pt\"> and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1855 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:19.99pt\"> are:</span><span class=\"f charStyle-58d8bcbe ps5005\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:140pt\">Consolidated income statement</span><span class=\"f charStyle-58d8bcbe ps5092\" style=\"width:2.77pt\"> </span></div><div class=\"ps15511 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:27pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1218\"><div><div class=\"ps9104 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss950\"><div><div class=\"ps12579 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9104 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10768 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">The Netherlands taxes \u2013 current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15100 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15101 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign taxes \u2013 current<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15102 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(160)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15103 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(185)</span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Current taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12926 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(160)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12927 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(185)</span></span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10130 ss1220\"><div><div class=\"ps2252 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">The Netherlands taxes \u2013 deferred<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15634 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15635 ss954\"><div><div class=\"ps2252 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2677 ss1219\"><div><div class=\"ps2232 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Foreign deferred taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15636 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(75)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15637 ss952\"><div><div class=\"ps2232 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(124)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15638 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Deferred taxes<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15639 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(75)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15640 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(124)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11792 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax expense<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15641 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(235)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15642 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:53.53pt\"></span></span><span class=\"ps12925\">(309)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps12525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Consolidated statement of other comprehensive income (deferred tax related to items charged or credited</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps12527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:147.74pt\">directly to equity during the year).</span><span class=\"f charStyle-58d8bcbe ps15643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15644 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps8033 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps8035 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps8033 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Cash Flow Hedge<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:1pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2254 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Re-measurements of employee benefit obligations<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15102 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15103 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(1)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11676 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">Debt instruments at FVOCI<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12926 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.65pt\"></span></span><span class=\"ps15125\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12927 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9760 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\">Income tax credited (charged) directly to equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15210 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.09pt\"></span></span><span class=\"ps12977\">(19)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15183 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">12<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">For a particular tax-paying component of the Group and within a particular tax jurisdiction, all deferred tax</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps15675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">assets and liabilities are offset and presented as a single amount. The Group does not offset deferred tax</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15677 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:432.31pt\">assets and liabilities attributable to different tax-paying components or to different tax jurisdictions.</span><span class=\"f charStyle-58d8bcbe ps15676\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:134.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:44.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1258\"><div><div class=\"ps12549 ss1257\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15678 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps12316\">December 31,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps8892\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10672 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps15679\">Exchange<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps15680\">differences<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15684 ss1260\"><div><div class=\"ps8495 ss306\"><span class=\"f charStyle-8ec81ad0 ps15681\">Income\u00a0tax<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss306\"><span class=\"f charStyle-8ec81ad0 ps10318\">charged<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss306\"><span class=\"f charStyle-8ec81ad0 ps15682\">directly<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss306\"><span class=\"f charStyle-8ec81ad0 ps15683\">to\u00a0equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15685 ss1260\"><div><div class=\"ps8495 ss306\"><span class=\"f charStyle-8ec81ad0 ps9385\">Income<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss306\"><span class=\"f charStyle-8ec81ad0 ps14883\">statement<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss306\"><span class=\"f charStyle-8ec81ad0 ps14590\">benefit<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss306\"><span class=\"f charStyle-8ec81ad0 ps6198\">(expense)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15686 ss1259\"><div><div class=\"ps9571 ss358\"><span class=\"f charStyle-8ec81ad0 ps12316\">December 31,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss358\"><span class=\"f charStyle-8ec81ad0 ps8892\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10124 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10941 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Tax loss carryforwards, tax <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">credits and other tax attributes</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15687 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">289<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15688 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">23<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15689 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15691 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(84)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15692 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">228<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9580 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Fixed asset depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15693 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">57<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15694 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:54.38pt\"></span></span><span class=\"ps12412\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15695 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15697 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15698 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">79<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11009 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Receivables for government <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">funding</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15699 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">186<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15700 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">28<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15701 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15702 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">25<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15703 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">239<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9898 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Pension<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15704 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15705 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.38pt\"></span></span><span class=\"ps12344\">6<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15707 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15708 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15709 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">66<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11316 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Lease liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15710 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15711 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">31<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15712 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15713 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15714 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8713 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15715 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">151<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15716 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.38pt\"></span></span><span class=\"ps12344\">4<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15717 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15718 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">61<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15719 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">214<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5265 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15720 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">807<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15721 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">92<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15722 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(3)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15723 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(2)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15724 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">894<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps3702 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11028 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Accelerated tax depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15725 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(53)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15726 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(1)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15727 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15728 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(22)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15729 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(76)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7316 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Acquired intangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15730 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(26)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15731 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15732 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15733 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(6)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15734 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(33)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15735 ss1262\"><div><div class=\"ps8552 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Advances of government <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">funding</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15736 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(237)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15737 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(37)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15738 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15739 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(49)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15740 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(323)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14318 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Capitalized development cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15741 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(170)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15742 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:54.38pt\"></span></span><span class=\"ps12412\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15743 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15744 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(14)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15745 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(184)</span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps9465 ss1262\"><div><div class=\"ps11840 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15746 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(59)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15747 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(30)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15748 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.38pt\"></span></span><span class=\"ps13016\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15749 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.38pt\"></span></span><span class=\"ps15696\">22<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15750 ss367\"><div><div class=\"ps11840 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(67)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps14956 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15751 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(36)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15752 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:55.39pt\"></span></span><span class=\"ps12403\">(7)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15753 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15754 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.39pt\"></span></span><span class=\"ps15706\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15755 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(63)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps5173 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15756 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(581)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15757 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:50.39pt\"></span></span><span class=\"ps12337\">(76)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15758 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(16)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15759 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(73)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15760 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.39pt\"></span></span><span class=\"ps12339\">(746)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12007 ss1261\"><div><div class=\"ps6208 ss1257\"><span class=\"f charStyle-8ec81ad0 ps52\">Net deferred tax<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15761 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">226<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15762 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:53.38pt\"></span></span><span class=\"ps12330\">16<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15763 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(19)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15764 ss1264\"><div><div class=\"ps6208 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.39pt\"></span></span><span class=\"ps15690\">(75)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15765 ss371\"><div><div class=\"ps6208 ss358\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.38pt\"></span></span><span class=\"ps12320\">148<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps7145 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The balance represents management\u2019s assessment of the likelihood of future realization of the net DTA</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:232.75pt\">recognized in the period against future taxable profit.<span class=\"f ps26\"> </span></span></div><div class=\"ps7148 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:401.22pt\">The line other deferred tax assets is primarily composed of deferred tax assets related to i<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15766\" style=\"width:66.78pt\">nventory, stock</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps5434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.33pt\">awards and commercial accruals.</span><span class=\"f charStyle-58d8bcbe ps15767\" style=\"width:2.77pt\"> </span></div></div><div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:164.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:44.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1266\"><div><div class=\"ps12549 ss1265\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10504 ss1267\"><div><div class=\"ps9571 ss142\"><span class=\"f charStyle-8ec81ad0 ps6225\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss142\"><span class=\"f charStyle-8ec81ad0 ps6270\">2023<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15768 ss1268\"><div><div class=\"ps9571 ss159\"><span class=\"f charStyle-8ec81ad0 ps10302\">Exchange<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss159\"><span class=\"f charStyle-8ec81ad0 ps13005\">differences<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15771 ss1269\"><div><div class=\"ps8495 ss182\"><span class=\"f charStyle-8ec81ad0 ps12076\">Income\u00a0tax<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss182\"><span class=\"f charStyle-8ec81ad0 ps6375\">charged<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss182\"><span class=\"f charStyle-8ec81ad0 ps15769\">directly<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss182\"><span class=\"f charStyle-8ec81ad0 ps15770\">to\u00a0equity<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13507 ss1270\"><div><div class=\"ps8495 ss715\"><span class=\"f charStyle-8ec81ad0 ps6227\">Income<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss715\"><span class=\"f charStyle-8ec81ad0 ps6202\">statement<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss715\"><span class=\"f charStyle-8ec81ad0 ps6491\">benefit<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss715\"><span class=\"f charStyle-8ec81ad0 ps12081\">(expense)<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13716 ss1272\"><div><div class=\"ps9571 ss1271\"><span class=\"f charStyle-8ec81ad0 ps11349\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps12549 ss1271\"><span class=\"f charStyle-8ec81ad0 ps15772\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10124 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10941 ss1274\"><div><div class=\"ps7080 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Tax loss carryforwards, tax credits and <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">other tax attributes</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15773 ss1275\"><div><div class=\"ps11303 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">309<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15774 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(11)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15776 ss1276\"><div><div class=\"ps11303 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15777 ss784\"><div><div class=\"ps11303 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15779 ss1277\"><div><div class=\"ps11303 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">289<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps9884 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Fixed asset depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15780 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">61<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15781 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(3)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15782 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13533 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15784 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">57<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15638 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Receivables for government funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15785 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">155<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15786 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15787 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15788 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.38pt\"></span></span><span class=\"ps8529\">44<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15789 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">186<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11792 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Pension<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15790 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">68<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15791 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(4)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15792 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:39.64pt\"></span></span><span class=\"ps12937\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15793 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.38pt\"></span></span><span class=\"ps8509\">2<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13757 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">65<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps8898 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Lease Liabilities <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15794 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.88pt\"></span></span><span class=\"ps13511\">66<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15795 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(15)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15796 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15797 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.38pt\"></span></span><span class=\"ps8509\">8<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15798 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:48.13pt\"></span></span><span class=\"ps15783\">59<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4110 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15799 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">154<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15800 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.89pt\"></span></span><span class=\"ps13050\">(1)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15802 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">13<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15804 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15805 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">151<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11888 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15806 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">813<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15807 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(47)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15808 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">12<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15809 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:35.38pt\"></span></span><span class=\"ps8529\">29<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15810 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">807<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15811 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2597 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Accelerated tax depreciation<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15813 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(40)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15814 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15815 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15816 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(13)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15818 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(53)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps7923 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Acquired intangible assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15819 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(24)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15820 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15821 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15822 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(2)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15823 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(26)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15824 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Advances of government funding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15825 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(185)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15826 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15827 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15828 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(67)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15830 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(237)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8560 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Capitalized development cost<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15831 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(123)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15832 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.88pt\"></span></span><span class=\"ps13064\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15833 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15834 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(47)</span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15835 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(170)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15836 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Right-of-use assets<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15837 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(65)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15838 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">15<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15839 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15840 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.39pt\"></span></span><span class=\"ps12196\">(9)</span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15841 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(59)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15508 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-dd7c1b62 ps52\">Other<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15842 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.89pt\"></span></span><span class=\"ps15812\">(22)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15843 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:41.88pt\"></span></span><span class=\"ps13141\">1<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15844 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15845 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:32.39pt\"></span></span><span class=\"ps15803\">(15)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15846 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:45.14pt\"></span></span><span class=\"ps15817\">(36)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7327 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Total deferred tax liabilities<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15847 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.89pt\"></span></span><span class=\"ps12174\">(459)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15848 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:36.88pt\"></span></span><span class=\"ps13020\">31<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15849 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:38.63pt\"></span></span><span class=\"ps15775\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15851 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.39pt\"></span></span><span class=\"ps15850\">(153)</span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps14211 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:40.14pt\"></span></span><span class=\"ps15829\">(581)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps11835 ss1273\"><div><div class=\"ps6208 ss1265\"><span class=\"f charStyle-8ec81ad0 ps52\">Net deferred tax<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15852 ss143\"><div><div class=\"ps6208 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.88pt\"></span></span><span class=\"ps12117\">354<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15853 ss985\"><div><div class=\"ps6208 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.89pt\"></span></span><span class=\"ps13090\">(16)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15854 ss1278\"><div><div class=\"ps6208 ss182\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:37.63pt\"></span></span><span class=\"ps15801\">12<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15855 ss881\"><div><div class=\"ps6208 ss715\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:27.39pt\"></span></span><span class=\"ps15850\">(124)</span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15856 ss1279\"><div><div class=\"ps6208 ss1271\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:43.13pt\"></span></span><span class=\"ps15778\">226<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:401.22pt\">The line other deferred tax assets is primarily composed of deferred tax assets related to i</span><span class=\"f charStyle-58d8bcbe ps15766\" style=\"width:66.78pt\">nventory, stock</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps4377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:148.33pt\">awards and commercial accruals.</span></div><div class=\"ps15063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:27.85pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15857\" style=\"width:90.11pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15858\" style=\"width:349.97pt\">, the Group has tax loss carry forwards, investment tax credits and other tax</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps15064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:329.71pt\">attributes that expire starting 2026 out of which a deferred tax assets of $</span><span class=\"f charStyle-58d8bcbe ps15859\" style=\"width:16.68pt\">304</span><span class=\"f charStyle-58d8bcbe ps15860\" style=\"width:121.59pt\"> million are recognized, the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps7956 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.61pt\">expiry of the deferred tax assets as follows:</span><span class=\"f charStyle-58d8bcbe ps15861\" style=\"width:2.77pt\"> </span></div><div class=\"ps15872 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1282 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1280\"><div><div class=\"ps2712 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10053 ss573\"><div><div class=\"ps2714 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">In millions of <span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">U.S. dollars</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15864 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15865 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15866 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">5<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15867 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2030<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15869 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">19<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15870 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">266<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15871 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">304<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps15874 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:442.57pt\">The amount reported on the line \u201cThereafter\u201d includes a tax loss carried forward which will expire in</span><span class=\"f charStyle-bdf8be45 ps15873\" style=\"width:25.35pt\"><span style=\"background-color:inherit\"> 2032</span></span><span class=\"f charStyle-bdf8be45 ps1643\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps14690 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:14.43pt\">for </span><span class=\"f charStyle-bdf8be45 ps15875\" style=\"width:5.56pt\"><span style=\"background-color:inherit\">$</span></span><span class=\"f charStyle-bdf8be45 ps15876\" style=\"width:42.22pt\"><span style=\"background-color:inherit\">80\u00a0million</span></span><span class=\"f charStyle-bdf8be45 ps15877\" style=\"width:2.77pt\"><span style=\"background-color:inherit\">.</span></span><span class=\"f charStyle-58d8bcbe ps9151\" style=\"width:14.25pt\"> Th</span><span class=\"f charStyle-58d8bcbe ps15878\" style=\"width:192.22pt\">e remaining amount has no expiration date.</span></div><div class=\"ps14691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.79pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15879\" style=\"width:89.05pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15880\" style=\"width:352pt\">, the Group has deferred tax assets on tax loss carry forwards and investment</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps15881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:191.61pt\">credits that expire starting 2024, as follows:</span><span class=\"f charStyle-58d8bcbe ps15861\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps75 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1282 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:371.25pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:82.5pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1280\"><div><div class=\"ps2712 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Year<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10053 ss573\"><div><div class=\"ps2714 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">In millions of <span class=\"f ps26\"> </span></span></div><div class=\"ps2712 ss51\"><span class=\"f charStyle-a9f4bb30 ps2240\">U.S. dollars</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15864 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:70.23pt\"></span></span><span class=\"ps15863\">3<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2026<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15865 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">10<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2027<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15866 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">13<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2028<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15867 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">14<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">2029<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15869 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:64.67pt\"></span></span><span class=\"ps15868\">15<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2962 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-c2d5035f ps2240\">Thereafter<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15870 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">254<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps4146 ss1281\"><div><div class=\"ps2288 ss926\"><span class=\"f charStyle-a9f4bb30 ps2240\">Total<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15871 ss58\"><div><div class=\"ps2288 ss51\"><span class=\"f charStyle-a9f4bb30\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:59.11pt\"></span></span><span class=\"ps2787\">309<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5417 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">The amount reported on the line \u201cThereafter\u201d includes tax credit which will expire in 2030 for $64 million.</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.59pt\"> </span></div><div class=\"ps5418 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:203.88pt\">The remaining amount has no expiration date.</span></div><div class=\"ps5245 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:30.07pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15882\" style=\"width:92.33pt\">December\u00a031, 2025</span><span class=\"f charStyle-bdf8be45 ps15883\" style=\"width:345.46pt\"><span style=\"background-color:inherit\">, deferred tax assets not recognized in the statement of financial position</span></span><span class=\"f charStyle-bdf8be45 ps1675\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps5246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps47\" style=\"width:63.89pt\"><span style=\"background-color:inherit\">amounted to $</span></span><span class=\"f charStyle-bdf8be45 ps2431\" style=\"width:16.68pt\"><span style=\"background-color:inherit\">765</span><span class=\"f ps26\"> </span></span><span class=\"f charStyle-bdf8be45 ps13486\" style=\"width:37.2pt\"><span style=\"background-color:inherit\"> million (</span></span><span class=\"f charStyle-58d8bcbe ps15884\" style=\"width:22.24pt\">2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps8123\" style=\"width:11.1pt\">: $</span><span class=\"f charStyle-58d8bcbe ps14416\" style=\"width:16.68pt\">699</span><span class=\"f charStyle-58d8bcbe ps15885\" style=\"width:228.85pt\">\u00a0million) and are mainly composed of the followings:</span><span class=\"f charStyle-58d8bcbe ps15886\" style=\"width:2.77pt\"> </span></div><div class=\"ps5247 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">239</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:38.6pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15888\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15889\" style=\"width:11.8pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15890\" style=\"width:16.68pt\">234</span><span class=\"f charStyle-58d8bcbe ps15891\" style=\"width:320.41pt\"> million) relating to an agreement granting the Group certain tax credits</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">for capital investments purchased through the year ended December\u00a031, 2006. Any unused tax</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps5249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.87pt\">credits granted under the agreement will be impacted by a legal inflationary index of 2.21%</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps5250 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:3.33pt\">(</span><span class=\"f charStyle-58d8bcbe ps5885\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15892\" style=\"width:406.37pt\">: 3.45%). The credits may be utilized depending on the Group meeting certain program</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps5252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.91pt\">criteria. The credit may be utilized depending on the Company meeting certain program criteria</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.9pt\">and have no expiration date. In addition to this agreement, from 2007 onwards, the Group has</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">continued and will continue to receive tax credits on the yearly capital investments, which may be</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15584 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.95pt\">used to offset that year\u2019s tax liabilities and increases by the legal inflationary rate. However,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3202 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.97pt\">pursuant to the inability to use these credits currently and in future years, the Group did not</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps7535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:56.67pt\">recognize in </span><span class=\"f charStyle-58d8bcbe ps15893\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15894\" style=\"width:32.77pt\"> and in </span><span class=\"f charStyle-58d8bcbe ps15895\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15896\" style=\"width:279.37pt\"> these deferred tax assets in the statement of financial position.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps5376\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps5429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$</span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">231</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:39.06pt\"> million (</span><span class=\"f charStyle-58d8bcbe ps15897\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15898\" style=\"width:12.03pt\">: $</span><span class=\"f charStyle-58d8bcbe ps15899\" style=\"width:16.68pt\">213</span><span class=\"f charStyle-58d8bcbe ps15900\" style=\"width:319.63pt\"> million) of tax loss carry forwards generated in on-going operations or</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps5430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.99pt\">corresponding to net operating losses acquired in business combinations, whose recovery was</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps13204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:431.92pt\">not considered probable. The majority of these unrecognized tax loss carry forwards has no</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps6485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:51.66pt\">expiry date.</span><span class=\"f charStyle-58d8bcbe ps295\" style=\"width:2.77pt\"> </span></div><div class=\"ps7446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1808\" style=\"width:3.5pt\">\u2022<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:5.56pt\">$<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps5879\" style=\"width:16.68pt\">295</span><span class=\"f charStyle-58d8bcbe ps15887\" style=\"width:74.95pt\"> million (2024: $</span><span class=\"f charStyle-58d8bcbe ps15901\" style=\"width:16.68pt\">252</span><span class=\"f charStyle-58d8bcbe ps15902\" style=\"width:318.13pt\"> million) relating to the deferred tax assets not recognized on the tax</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps7149 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:381.94pt\">credit granted to the Group for certain technological activities for an amount of $</span><span class=\"f charStyle-58d8bcbe ps15903\" style=\"width:16.68pt\">133</span><span class=\"f charStyle-58d8bcbe ps15904\" style=\"width:33.35pt\"> million</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps5435 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps1621\" style=\"width:23.89pt\">expiri</span><span class=\"f charStyle-bdf8be45 ps15905\" style=\"width:408.08pt\"><span style=\"background-color:inherit\">ng in 2030 and the impact of the conclusion of discussions with the tax authorities for</span></span><span class=\"f charStyle-bdf8be45 ps1687\" style=\"width:2.77pt\"><span style=\"background-color:inherit\"> </span></span></div><div class=\"ps13210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bdf8be45 ps1621\" style=\"width:196.66pt\"><span style=\"background-color:inherit\">intangibles recognized for tax purposes for $</span></span><span class=\"f charStyle-bdf8be45 ps15906\" style=\"width:16.68pt\"><span style=\"background-color:inherit\">162</span></span><span class=\"f charStyle-bdf8be45 ps15907\" style=\"width:193.31pt\"><span style=\"background-color:inherit\"> million expiring on a linear basis until 2029.</span></span></div><div class=\"ps5437 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:303.18pt\">No deferred tax liability is recognized on temporary differences of $</span><span class=\"f charStyle-58d8bcbe ps15908\" style=\"width:16.68pt\">432</span><span class=\"f charStyle-58d8bcbe ps15909\" style=\"width:148.05pt\"> million relating to the unremitted</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps5438 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">earnings of subsidiaries as the Group is able to control the timings of the reversal of these temporary</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps5440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:403.64pt\">differences and it is probable that they will not reverse in the foreseeable future. As of </span><span class=\"f charStyle-58d8bcbe ps15910\" style=\"width:64.31pt\">December\u00a031,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps13891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:130.07pt\">, a deferred tax liability of $<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15911\" style=\"width:5.56pt\">8</span><span class=\"f charStyle-58d8bcbe ps15912\" style=\"width:310.12pt\"> million was recognized on the amount of earnings expected to be</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.09pt\">repatriated in the foreseeable future.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-515": {
   "value": "<div class=\"ps76 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.35. Earnings per share <span id=\"i75a9b103de3745bb9f8330d29b92a046\"></span></span></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:96.13pt\">For the year ended </span><span class=\"f charStyle-58d8bcbe ps1343\" style=\"width:92.25pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15927\" style=\"width:26.68pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15928\" style=\"width:92.25pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps15929\" style=\"width:160.55pt\">, earnings per share (\u201cEPS\u201d) were</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:94.43pt\">calculated as follows:</span><span class=\"f charStyle-58d8bcbe ps15930\" style=\"width:2.77pt\"> </span></div><div class=\"ps2992 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1215\"><div><div class=\"ps11859 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">In millions of U.S. dollars except earnings per share data<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss1216\"><div><div class=\"ps8550 ss101\"><span class=\"f charStyle-8ec81ad0 ps15931\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss101\"><span class=\"f charStyle-8ec81ad0 ps15932\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss1216\"><div><div class=\"ps8550 ss101\"><span class=\"f charStyle-8ec81ad0 ps15931\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps11859 ss101\"><span class=\"f charStyle-8ec81ad0 ps15932\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2715 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Basic EPS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2718 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net profit attributable to the equity holder of the parent as reported<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15085 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">299<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15086 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.38pt\"></span></span><span class=\"ps15933\">1,987<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2260 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Weighted average shares outstanding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12962 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">893,291,706<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps12963 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">901,210,072<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11368 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-8ec81ad0 ps2240\">Basic EPS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12929 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.38pt\"></span></span><span class=\"ps15934\">0.33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12930 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.38pt\"></span></span><span class=\"ps15934\">2.20<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps8599 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Diluted EPS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2962 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Net profit attributable to the equity holder of the parent as reported<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15090 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:58.88pt\"></span></span><span class=\"ps8502\">299<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15091 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:51.38pt\"></span></span><span class=\"ps15933\">1,987<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4146 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Weighted average shares outstanding<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15492 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">893,291,706<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15198 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">901,210,072<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps7806 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Dilutive effect of stock awards<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15935 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">3,665,694<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15550 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:33.88pt\"></span></span><span class=\"ps14345\">6,264,544<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13587 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-dd7c1b62 ps2240\">Number of shares used for diluted EPS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15936 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">896,957,400<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15551 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:23.88pt\"></span></span><span class=\"ps13028\">907,474,616<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13590 ss1217\"><div><div class=\"ps6208 ss1214\"><span class=\"f charStyle-8ec81ad0 ps2240\">Diluted EPS<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15937 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.38pt\"></span></span><span class=\"ps15934\">0.33<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15552 ss955\"><div><div class=\"ps6208 ss101\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:56.38pt\"></span></span><span class=\"ps15934\">2.19<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4433 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">There was no dilutive effect of the senior unsecured convertible bonds issued on August 4, 2020 in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:22.22pt\"> and <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps14860\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps14861\" style=\"width:359.22pt\"> diluted Earnings per Share since the conversion features were out-of-the-money.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-516": {
   "value": "<div class=\"ps4790 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.36. Related party transactions<span id=\"ic113b1299cd043dc96bc3123770132fd\"></span></span></div><div class=\"ps4791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:245.04pt\">The below table summarizes transactions incurred in </span><span class=\"f charStyle-58d8bcbe ps15939\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps15940\" style=\"width:24.78pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15941\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15942\" style=\"width:153.59pt\"> with companies for which certain</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps15943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">members of the Group\u2019s management perform similar policy making functions. These include, but are not</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps15944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">limited to: Capgemini, Dassault Syst\u00e8mes, Orange, Politecnico di Milano and Sopra Steria. Each of the<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps15945 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">aforementioned arrangements and transactions is negotiated without the personal involvement of the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">Supervisory Board members and are made in line with market practices and conditions. The amounts</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15946 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">reported on the below table correspond to transactions up to the date members of the Group's</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps15947 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:184.43pt\">management hold these similar functions.</span></div><div class=\"ps15948 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1254\"><div><div class=\"ps4302 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In millions of U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss958\"><div><div class=\"ps15629 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2025<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss958\"><div><div class=\"ps15629 ss101\"><span class=\"f charStyle-a9f4bb30 ps15080\">December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss101\"><span class=\"f charStyle-a9f4bb30 ps15081\">2024<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps8039 ss1254\"><div><div class=\"ps15629 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Purchases of goods and services and other contributions made to <span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">entities controlled by key management personnel</span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15561 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">49<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15562 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:62.42pt\"></span></span><span class=\"ps12942\">29<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2719 ss1254\"><div><div class=\"ps15629 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Accounts payable from entities controlled by key management <span class=\"f ps26\"> </span></span></div><div class=\"ps15630 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">personnel</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15563 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">8<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15564 ss958\"><div><div class=\"ps4302 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:67.98pt\"></span></span><span class=\"ps4544\">4<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1918 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:328.83pt\">The Group did not hold any significant equity-method investments as of </span><span class=\"f charStyle-58d8bcbe ps15949\" style=\"width:89.81pt\">December\u00a031, 2025<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15950\" style=\"width:24.24pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15951\" style=\"width:22.24pt\">2024<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15952\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2412 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">Consequently, the Group did not report any material transaction with this type of investees in the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2413 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:93.35pt\">corresponding years.</span></div><div class=\"ps1921 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.54pt\">The Group made a cash contribution of </span><span class=\"f charStyle-bdf8be45 ps15953\" style=\"width:11.12pt\"><span style=\"background-color:inherit\">$1</span></span><span class=\"f charStyle-58d8bcbe ps15954\" style=\"width:128.43pt\"> million for the year ended <span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15955\" style=\"width:91.35pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15956\" style=\"width:48.45pt\"> to the ST</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1922 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Foundation, a non-profit organization established to deliver and coordinate independent programs in line<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.94pt\">with its mission. A cash contribution of $1 million was made for the year ended </span><span class=\"f charStyle-58d8bcbe ps15957\" style=\"width:91.29pt\">December\u00a031, 2024</span><span class=\"f charStyle-58d8bcbe ps3873\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:414.58pt\">Certain members of the Foundation\u2019s Board are senior members of the Group\u2019s management.<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps15958\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps76 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.1pt\">In </span><span class=\"f charStyle-58d8bcbe ps13205\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps4240\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps15959\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps15960\" style=\"width:523.03pt\">, the total remuneration paid to the members of the Managing Board and to the other executive officers was as follows:</span><span class=\"f charStyle-58d8bcbe ps15961\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss65\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss986 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:146.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:35.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15963 ss1284\"><div><div class=\"ps9571 ss242\"><span class=\"f charStyle-8ec81ad0 ps15962\">Short-term benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps15965 ss430\"><div><div class=\"ps9571 ss142\"><span class=\"f charStyle-8ec81ad0 ps15964\">Post-<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps15967 ss1285\"><div><div class=\"ps8495 ss726\"><span class=\"f charStyle-8ec81ad0 ps12101\">Share-<span class=\"f ps26\"> </span></span></div><div class=\"ps8493 ss726\"><span class=\"f charStyle-8ec81ad0 ps15966\">based<span class=\"f ps26\"> </span></span></div><div class=\"ps9571 ss726\"><span class=\"f charStyle-8ec81ad0 ps6481\">payments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td></tr><tr style=\"height:35.25pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps9573 ss1286\"><div><div class=\"ps9566 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">For\u00a0the\u00a0year\u00a0ended\u00a0December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">\u00a0  2025, in U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15969 ss1287\"><div><div class=\"ps9566 ss159\"><span class=\"f charStyle-8ec81ad0 ps6220\">Base <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss159\"><span class=\"f charStyle-8ec81ad0 ps15968\">Salary</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15970 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-8ec81ad0 ps14590\">Bonus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15972 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-8ec81ad0 ps15971\">Benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15976 ss1288\"><div><div class=\"ps11315 ss507\"><span class=\"f charStyle-ffc0a305 ps10313\">Social</span></div><div class=\"ps14495 ss507\"><span class=\"f charStyle-ffc0a305 ps15973\">security</span></div><div class=\"ps14496 ss507\"><span class=\"f charStyle-ffc0a305 ps15974\">contributions\u00a0</span><span class=\"f charStyle-eed40540 ps15975\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15979 ss430\"><div><div class=\"ps11315 ss142\"><span class=\"f charStyle-ffc0a305 ps14883\">employment</span></div><div class=\"ps14495 ss142\"><span class=\"f charStyle-ffc0a305 ps15977\">benefits</span></div><div class=\"ps14496 ss142\"><span class=\"f charStyle-ffc0a305 ps8201\">Pensions </span><span class=\"f charStyle-eed40540 ps15978\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15980 ss1285\"><div><div class=\"ps9566 ss726\"><span class=\"f charStyle-8ec81ad0 ps12550\">Termination<span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss726\"><span class=\"f charStyle-8ec81ad0 ps6449\">benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15982 ss1285\"><div><div class=\"ps11315 ss726\"><span class=\"f charStyle-8ec81ad0 ps9218\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps14495 ss726\"><span class=\"f charStyle-8ec81ad0 ps9370\">stock<span class=\"f ps26\"> </span></span></div><div class=\"ps14496 ss726\"><span class=\"f charStyle-8ec81ad0 ps15981\">awards<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps15984 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-8ec81ad0 ps15983\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13027 ss1289\"><div><div class=\"ps8552 ss1283\"><span class=\"f charStyle-950062ca ps2240\">Members of the Managing Board </span></div><div class=\"ps12563 ss1283\"><span class=\"f charStyle-2564f1f4 ps15985\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15986 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">2,326,822<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15987 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">1,050,600<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15988 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62 ps6268\">249,275<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15989 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-dd7c1b62 ps15932\">1,081,330<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15990 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62 ps11394\">1,433,211<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15992 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.63pt\"></span></span><span class=\"ps15991\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15994 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">2,307,082<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15995 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">8,448,320<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps4710 ss1286\"><div><div class=\"ps9566 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Committee (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">members of the Managing Board)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15996 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">5,962,032<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15997 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps9388\">3,568,885<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15998 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62 ps6268\">734,415<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps15999 ss1288\"><div><div class=\"ps14495 ss507\"><span class=\"f charStyle-dd7c1b62 ps15932\">2,797,420<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16000 ss430\"><div><div class=\"ps14495 ss142\"><span class=\"f charStyle-dd7c1b62 ps15932\">595,279<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16002 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps16001\">2,221<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#FFFFFF;padding:0\"><div class=\"ps16003 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps15993\">7,468,038<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16005 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62 ps16004\">21,128,290<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps2733 ss1289\"><div><div class=\"ps11840 ss1283\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Vice Presidents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16006 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">12,250,663<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16007 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">5,269,614<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16008 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:14.38pt\"></span></span><span class=\"ps15966\">823,307<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16010 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:26.38pt\"></span></span><span class=\"ps16009\">5,563,645<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16011 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16013 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">1,635,261<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16015 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">11,658,385<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16016 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">37,200,875<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps2736 ss1289\"><div><div class=\"ps8552 ss1283\"><span class=\"f charStyle-8ec81ad0 ps2240\">Senior Management\u00a0total <span class=\"f ps26\"> </span></span></div><div class=\"ps12563 ss1283\"><span class=\"f charStyle-8ec81ad0 ps2240\">remuneration</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16017 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps10775\">20,539,517<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16018 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">9,889,099<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16019 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-8ec81ad0 ps9388\">1,806,997<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16020 ss1290\"><div><div class=\"ps11840 ss507\"><span class=\"f charStyle-8ec81ad0 ps15932\">9,442,395<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16021 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-8ec81ad0 ps6270\">2,028,490<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16022 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps15993\">1,637,482<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16023 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps16004\">21,433,505<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16024 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-8ec81ad0 ps16004\">66,777,485<span class=\"f ps26\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16077 ss65\"><div class=\"ss986 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:150pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td></tr><tr style=\"height:30.75pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps10694 ss1293\"><div><div class=\"ps9587 ss1292\"><span class=\"f charStyle-8ec81ad0 ps16026\">Short-term benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps11946 ss619\"><div><div class=\"ps9587 ss142\"><span class=\"f charStyle-8ec81ad0 ps15964\">Post-<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps16027 ss1294\"><div><div class=\"ps7396 ss726\"><span class=\"f charStyle-8ec81ad0 ps12101\">Share-<span class=\"f ps26\"> </span></span></div><div class=\"ps9585 ss726\"><span class=\"f charStyle-8ec81ad0 ps15966\">based<span class=\"f ps26\"> </span></span></div><div class=\"ps9587 ss726\"><span class=\"f charStyle-8ec81ad0 ps6481\">payments<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td></tr><tr style=\"height:30.75pt\"><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps8653 ss1295\"><div><div class=\"ps11303 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">For\u00a0the\u00a0year\u00a0ended\u00a0December\u00a031,<span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">\u00a0  2024, in U.S. dollars<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16028 ss1202\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0 ps6220\">Base <span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss159\"><span class=\"f charStyle-8ec81ad0 ps15968\">Salary</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16029 ss1202\"><div><div class=\"ps11305 ss159\"><span class=\"f charStyle-8ec81ad0 ps14590\">Bonus<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16030 ss1296\"><div><div class=\"ps11305 ss38\"><span class=\"f charStyle-8ec81ad0 ps6388\">Benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16034 ss1297\"><div><div class=\"ps7080 ss645\"><span class=\"f charStyle-ffc0a305 ps16031\">Social</span></div><div class=\"ps11305 ss645\"><span class=\"f charStyle-ffc0a305 ps6207\">security</span></div><div class=\"ps9582 ss645\"><span class=\"f charStyle-ffc0a305 ps16032\">contributions\u00a0</span><span class=\"f charStyle-eed40540 ps16033\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16035 ss619\"><div><div class=\"ps7080 ss142\"><span class=\"f charStyle-ffc0a305 ps14883\">employment</span></div><div class=\"ps11305 ss142\"><span class=\"f charStyle-ffc0a305 ps15977\">benefits</span></div><div class=\"ps9582 ss142\"><span class=\"f charStyle-ffc0a305 ps8201\">Pensions </span><span class=\"f charStyle-eed40540 ps15978\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16036 ss1294\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0 ps12550\">Termination<span class=\"f ps26\"> </span></span></div><div class=\"ps14908 ss726\"><span class=\"f charStyle-8ec81ad0 ps6449\">benefits<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16037 ss1294\"><div><div class=\"ps7080 ss726\"><span class=\"f charStyle-8ec81ad0 ps9218\">Unvested<span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss726\"><span class=\"f charStyle-8ec81ad0 ps9370\">stock<span class=\"f ps26\"> </span></span></div><div class=\"ps9582 ss726\"><span class=\"f charStyle-8ec81ad0 ps15981\">awards<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16039 ss1298\"><div><div class=\"ps11305 ss306\"><span class=\"f charStyle-8ec81ad0 ps16038\">Total<span class=\"f ps26\"> </span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps10341 ss1299\"><div><div class=\"ps8552 ss220\"><span class=\"f charStyle-950062ca ps2240\">Members of the Managing Board </span></div><div class=\"ps12563 ss220\"><span class=\"f charStyle-2564f1f4 ps15985\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16040 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">1,757,675<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16041 ss1207\"><div><div class=\"ps11840 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">2,458,745<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16043 ss1300\"><div><div class=\"ps11840 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:12.13pt\"></span></span><span class=\"ps16042\">188,735<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16045 ss1301\"><div><div class=\"ps11840 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">1,259,295<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16046 ss901\"><div><div class=\"ps11840 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">1,346,909<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16047 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:44.63pt\"></span></span><span class=\"ps15991\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16048 ss1291\"><div><div class=\"ps11840 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">4,255,388<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16050 ss1263\"><div><div class=\"ps11840 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">11,266,747<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:35.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps6043 ss1302\"><div><div class=\"ps9566 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Committee (excluding <span class=\"f ps26\"> </span></span></div><div class=\"ps9567 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">members of the Managing Board)</span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16051 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">5,952,378<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16052 ss1287\"><div><div class=\"ps14495 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">9,043,380<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16054 ss822\"><div><div class=\"ps14495 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:4.63pt\"></span></span><span class=\"ps16053\">1,422,243<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16055 ss1303\"><div><div class=\"ps14495 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">4,639,390<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16056 ss430\"><div><div class=\"ps14495 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">1,184,059<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16057 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">7,795,680<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16058 ss1285\"><div><div class=\"ps14495 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">18,500,090<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16059 ss1304\"><div><div class=\"ps14495 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">48,537,220<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#CFF0FC;padding:0\"><div class=\"ps11796 ss1299\"><div><div class=\"ps11840 ss220\"><span class=\"f charStyle-dd7c1b62 ps2240\">Executive Vice Presidents<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#CFF0FC;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16060 ss1207\"><div><div class=\"ps11859 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">10,554,925<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16061 ss1207\"><div><div class=\"ps11859 ss159\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:6.88pt\"></span></span><span class=\"ps6375\">7,389,370<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16062 ss1300\"><div><div class=\"ps11859 ss38\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:12.13pt\"></span></span><span class=\"ps16042\">669,443<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16063 ss1301\"><div><div class=\"ps11859 ss645\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:30.13pt\"></span></span><span class=\"ps16044\">6,661,794<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16064 ss901\"><div><div class=\"ps11859 ss142\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:49.88pt\"></span></span><span class=\"ps12150\">\u2014<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16065 ss1291\"><div><div class=\"ps11859 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:13.63pt\"></span></span><span class=\"ps16012\">3,639,304<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16066 ss1291\"><div><div class=\"ps11859 ss726\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">19,273,622<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#CFF0FC;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16067 ss1263\"><div><div class=\"ps11859 ss306\"><span class=\"f charStyle-dd7c1b62\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:3.38pt\"></span></span><span class=\"ps16049\">48,188,459<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps7909 ss1305\"><div><div class=\"ps7080 ss220\"><span class=\"f charStyle-8ec81ad0 ps2240\">Senior Management\u00a0total <span class=\"f ps26\"> </span></span></div><div class=\"ps11305 ss220\"><span class=\"f charStyle-8ec81ad0 ps2240\">remuneration</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16068 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">18,264,978<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16069 ss1188\"><div><div class=\"ps11303 ss159\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:1.88pt\"></span></span><span class=\"ps9916\">18,891,495<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16070 ss608\"><div><div class=\"ps11303 ss38\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:4.63pt\"></span></span><span class=\"ps16053\">2,280,421<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16072 ss1306\"><div><div class=\"ps11303 ss645\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:25.13pt\"></span></span><span class=\"ps16071\">12,560,479<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16073 ss1275\"><div><div class=\"ps11303 ss142\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:18.88pt\"></span></span><span class=\"ps13134\">2,530,968<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16074 ss1307\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">11,434,984<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16075 ss1307\"><div><div class=\"ps11303 ss726\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"><span style=\"display:inline-block;height:6.55pt;width:8.63pt\"></span></span><span class=\"ps16014\">42,029,100<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16076 ss785\"><div><div class=\"ps11303 ss306\"><span class=\"f charStyle-8ec81ad0\"><span class=\"ps52\"></span><span class=\"ps52\">107,992,426<span style=\"display:inline-block;height:6.55pt;width:2.99pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16079 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(1)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:172.7pt\">Include compulsory contribution to pension plans</span><span class=\"f charStyle-3452d124 ps16078\" style=\"width:2.22pt\"> </span></div><div class=\"ps16080 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(2)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:189.56pt\">Complementary pension plan for Senior Management</span></div><div class=\"ps16082 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(3)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:629.81pt\">The compensation paid to our President and Chief Financial Officer as included in this table concerns his compensation received since his appointment as member of the</span><span class=\"f charStyle-3452d124 ps16081\" style=\"width:2.22pt\"> </span></div><div class=\"ps16085 ss65\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:69.7pt\">Managing Board on</span><span class=\"f charStyle-45b441b1 ps16083\" style=\"width:52.84pt\"><span style=\"background-color:inherit\"> May 22, 2024.</span><span class=\"f ps26\"> </span></span><span class=\"f charStyle-45b441b1 ps16084\" style=\"width:2.22pt\"><span style=\"background-color:inherit\"> </span><span class=\"f ps26\"> </span></span></div><div><div id=\"i96ec1700f73a4d08be6b2edb4f939569_400\" style=\"position:absolute;top:72pt\"></div><div class=\"ps16091 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.21pt\">The Group\u2019s 32 Senior Management members were granted in </span><span class=\"f charStyle-58d8bcbe ps16086\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16087\" style=\"width:35.5pt\"> for free</span><span class=\"f charStyle-58d8bcbe ps16088\" style=\"width:3.31pt\"> </span><span class=\"f charStyle-58d8bcbe ps16089\" style=\"width:44.46pt\">1,942,000</span><span class=\"f charStyle-58d8bcbe ps16090\" style=\"width:77.2pt\"> unvested shares</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps4580 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">subject to the achievement of performance objectives and service conditions being met. The weighted</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps4807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.71pt\">average grant date fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16092\" style=\"width:71.93pt\"> Employee Plan</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps16094 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.89pt\">was $30.56.</span><span class=\"f charStyle-58d8bcbe ps16093\" style=\"width:2.77pt\"> </span></div><div class=\"ps16095 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:285.21pt\">The Group\u2019s 31 Senior Management members were granted in </span><span class=\"f charStyle-58d8bcbe ps16086\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16087\" style=\"width:160.47pt\"> for free 1,930,000 unvested shares</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps16096 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">subject to the achievement of performance objectives and service conditions being met. The weighted</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps16097 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:373.71pt\">average grant date fair value of unvested shares granted to employees under the </span><span class=\"f charStyle-58d8bcbe ps15608\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16092\" style=\"width:71.93pt\"> Employee Plan</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps16098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:53.89pt\">was $37.69.</span><span class=\"f charStyle-58d8bcbe ps16093\" style=\"width:2.77pt\"> </span></div><div class=\"ps3038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">The bonus paid to the executive officers corresponds to a Corporate EIP that entitles selected executives</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">to a yearly bonus based upon the assessment of the achievement of individual, organizational and</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16100 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">company objectives that are set on an annual basis and focused, inter alia, on return on net assets,<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps16101 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">customer service, profit, cash flow and market share. The maximum bonus awarded under the EIP is<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps16102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">based upon a percentage of the executives\u2019 salary and the overall achievement of the above objectives</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16104 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.68pt\">on an annual basis.</span><span class=\"f charStyle-58d8bcbe ps16103\" style=\"width:2.77pt\"> </span></div><div class=\"ps7475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Supervisory Board has approved the establishment of a complementary pension plan for certain key</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps16105 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">executives as selected by the members of the Managing Board, according to the general criteria of</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps16106 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">eligibility and service as determined by the Supervisory Board upon the proposal of its Compensation</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps7494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Committee. With respect to such complementary pension plan, the Group set up an independent</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps4593 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">foundation under Swiss law which manages the plan and to which we make contributions. Pursuant to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16109 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:60.3pt\">this plan, in </span><span class=\"f charStyle-58d8bcbe ps16107\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16108\" style=\"width:385.32pt\">, the Group made a contribution of approximately $1.43 million to the plan of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps16110 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">members of our Managing Board and of $0.59 million to the plan for all beneficiaries other than the</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">members of our Managing Board. The amount of pension plan payments made for other beneficiaries,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps16115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:161.64pt\">such as former employees retired in </span><span class=\"f charStyle-58d8bcbe ps16111\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps3132\" style=\"width:126.66pt\"> and/or no longer salaried in </span><span class=\"f charStyle-58d8bcbe ps16112\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16113\" style=\"width:84.97pt\">, was $1.02 million.</span><span class=\"f charStyle-58d8bcbe ps16114\" style=\"width:2.77pt\"> </span></div><div class=\"ps16116 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">The members of Senior Management, including the members of the Managing Board were covered in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps16117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps2123\" style=\"width:445.67pt\"> under certain group life and medical insurance programs provided by the Group. The aggregate</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16119 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:207.05pt\">additional amount set aside by the Group in </span><span class=\"f charStyle-58d8bcbe ps16118\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps5405\" style=\"width:238.68pt\"> to provide pension, retirement or similar benefits to</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps16120 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">Senior Management, including the members of the Managing Board, including the amounts allocated to</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16121 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">the complementary pension plan described above, is estimated to have been approximately $8.12 million,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps16122 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">which includes statutory employer contributions for state run retirement, similar benefit programs and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps16123 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:143.9pt\">other miscellaneous allowances.</span></div><div class=\"ps16124 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">The Group did not extend any loans or overdrafts to the members of the Managing Board, nor to any</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps16125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">other member of Senior Management. Furthermore, the Group has not guaranteed any debts or</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps16126 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">concluded any leases with the members of the Managing Board, nor with any other member of Senior</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps16128 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:131.64pt\">Management or their families.</span><span class=\"f charStyle-58d8bcbe ps16127\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:279.42pt\">Individual remuneration paid to Supervisory Board members in </span><span class=\"f charStyle-58d8bcbe ps16129\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16130\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16131\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16132\" style=\"width:112.2pt\"> was recorded as follows:</span><span class=\"f charStyle-58d8bcbe ps16133\" style=\"width:2.77pt\"> </span></div><div class=\"ps4776 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1 ws0 ps2\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:301.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps13 ss1217\"><div><div class=\"ps45 ss1214\"><span class=\"f charStyle-c2d5035f ps2240\">In Euros<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps15082 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-e1ebf359 ps16134\">2025 </span><span class=\"f charStyle-33758787 ps16135\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12543 ss955\"><div><div class=\"ps45 ss101\"><span class=\"f charStyle-e1ebf359 ps16134\">2024 </span><span class=\"f charStyle-33758787 ps16135\"><sup>(1)</sup></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps2026 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Nicolas Dufourcq</span><span class=\"f charStyle-2d30e21e ps8644\"><sup> (1)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12914 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-top:0.5pt solid #000;padding:0\"><div class=\"ps12917 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2028 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Armando Varricchio</span><span class=\"f charStyle-2d30e21e ps8661\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">55,137<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2293 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Simonetta Acri</span><span class=\"f charStyle-2d30e21e ps8726\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15149 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">87,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15150 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2298 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Orio Bellezza</span><span class=\"f charStyle-2d30e21e ps8061\"><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15151 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">22,055<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16136 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15152 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps2302 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps26\">Pascal Daloz</span><span class=\"f charStyle-2d30e21e ps16137\"><sup>(6)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15153 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">63,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15154 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">73,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2306 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Janet Davidson</span><span class=\"f charStyle-2d30e21e ps8689\"><sup>(4)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15155 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">32,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15047 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">115,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4962 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Yann Delabri\u00e8re</span><span class=\"f charStyle-2d30e21e ps16139\"><sup>(6)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15156 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15157 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">10,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps2803 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps26\">Ana de Pro Gonzalo<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15159 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">171,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15160 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">161,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps4967 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Werner Lieberherr</span><span class=\"f charStyle-2d30e21e ps8734\"><sup>(3)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15161 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">102,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16141 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15162 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:63.54pt\"></span></span><span class=\"ps12920\">\u2014<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps13970 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">Fr\u00e9d\u00e9ric Sanchez<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15163 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">169,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps16142 ss1308\"><div><div class=\"ps2288 ss27\"><span class=\"f charStyle-c2d5035f ps52\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15164 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">109,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps11976 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Donatella Sciuto</span><span class=\"f charStyle-2d30e21e ps8669\"><sup>(4)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15165 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">30,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps15166 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">107,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps11326 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Maurizio Tamagnini</span><span class=\"f charStyle-2d30e21e ps8697\"><sup>(5)</sup></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15168 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">12,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps15169 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">172,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps13457 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-15b3b853 ps52\">Paolo Visca</span><span class=\"f charStyle-2d30e21e ps8712\"><sup>(5)</sup></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16143 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">41,986<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps16144 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:42.97pt\"></span></span><span class=\"ps12935\">98,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"><div class=\"ps10233 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-c2d5035f ps52\">H\u00e9l\u00e8ne Vletter-van Dort<span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16145 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">178,000<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000;padding:0\"><div class=\"ps16146 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">123,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#cceeff;padding:0\"><div class=\"ps10094 ss1217\"><div><div class=\"ps2288 ss1214\"><span class=\"f charStyle-a9f4bb30 ps2240\"> <span class=\"f ps26\"> </span></span></div></div></div></td><td style=\"background-color:#cceeff;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16147 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">963,178<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"></td><td style=\"background-color:#cceeff;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0\"><div class=\"ps16148 ss955\"><div><div class=\"ps2288 ss101\"><span class=\"f charStyle-c2d5035f\"><span class=\"ps52\"><span style=\"display:inline-block;height:7.28pt;width:37.41pt\"></span></span><span class=\"ps16138\">970,500<span style=\"display:inline-block;height:7.28pt;width:3.33pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16149 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(1)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.91pt\">Mr. Dufourcq waived his rights to receive any compensation from the Company in relation to his mandate as a member of the</span><span class=\"f charStyle-3452d124 ps1631\" style=\"width:2.22pt\"> </span></div><div class=\"ps16150 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:113.65pt\">Supervisory Board or otherwise.</span></div><div class=\"ps16151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(2)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:436.27pt\">Mr. Orio Bellezza and Mr. Armando Varricchio were appointed as member of our Supervisory Board on December 18, 2025.</span></div><div class=\"ps16152 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(3)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:419.85pt\">Ms. Simonetta Acri and Mr. Werner Lieberherr were appointed as members of our Supervisory Board on May 28, 2025.</span></div><div class=\"ps16153 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(4)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.94pt\">Ms. Janet Davidson and Ms. Donatella Sciuto were members of our Supervisory Board until May 28, 2025, on which date their</span><span class=\"f charStyle-3452d124 ps1654\" style=\"width:2.22pt\"> </span></div><div class=\"ps16154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:46.61pt\">term expired.</span></div><div class=\"ps16155 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(5)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.96pt\">Mr. Maurizio Tamagnini and Mr. Paolo Visca were members of our Supervisory Board until their resignation effective March 19,</span><span class=\"f charStyle-3452d124 ps1712\" style=\"width:2.22pt\"> </span></div><div class=\"ps16156 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:138.83pt\">2025 and October 1, 2025 respectively.</span></div><div class=\"ps16157 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps47\" style=\"width:9.76pt\">(6)<span class=\"f ps26\"> </span></span><span class=\"f charStyle-3452d124 ps1808\" style=\"width:449.81pt\">Mr. Yann Delabri\u00e8re was a member of our Supervisory Board until May 22, 2024, on which date his term expired and on such</span><span class=\"f charStyle-3452d124 ps3363\" style=\"width:2.22pt\"> </span></div><div class=\"ps16158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3452d124 ps1808\" style=\"width:289.92pt\">date Mr. Pascal Daloz was appointed as a new member of our Supervisory Board.</span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:371.64pt\">No share awards were granted to Supervisory Board members and professionals in </span><span class=\"f charStyle-58d8bcbe ps16159\" style=\"width:22.24pt\">2025</span><span class=\"f charStyle-58d8bcbe ps16160\" style=\"width:22.22pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16161\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16162\" style=\"width:2.77pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-517": {
   "value": "<div class=\"ps9745 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.37. Commitments, contingencies, claims and legal proceedings <span id=\"i88f9f0e1057b48d1979b94b705aa03e1\"></span></span></div><div class=\"ps3916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:66.64pt\">Commitments</span><span class=\"f charStyle-58d8bcbe ps16164\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group\u2019s commitments relate to multi-annual agreements with suppliers when there is a fixed, non-</span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">cancelable commitment or when minimum payments are due on a committed delivery schedule. These</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">commitments are primarily comprised of purchase commitments for outsourced foundry wafers ($0.8</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">billion), firm contractual commitments related to power purchase and minimum energy efficiency, as part</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">of the Group's actions to become carbon neutral by 2027 on scope 1 and 2 and focusing on product</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">transportation, business travel and employee commuting emissions for scope 3 ($1.3 billion), and firm</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:273.83pt\">contractual commitments related primarily to cloud services ($</span><span class=\"f charStyle-58d8bcbe ps16165\" style=\"width:42.22pt\">0.3\u00a0billion</span><span class=\"f charStyle-58d8bcbe ps3173\" style=\"width:6.1pt\">).</span></div><div class=\"ps16169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:68.83pt\">Contingencies</span><span class=\"f charStyle-58d8bcbe ps16168\" style=\"width:2.77pt\"> </span></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is subject to possible loss contingencies arising in the ordinary course of business. These</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">include but are not limited to: product liability claims and/or warranty cost on the products of the Group,</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">contractual disputes, indemnification claims, claims for unauthorized use of third-party intellectual</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">property, employee grievances, tax claims beyond assessed uncertain tax positions and environmental</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3932 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">damages. The Group is also exposed to numerous legal risks including potential product recalls,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3933 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">environmental, shareholder rights, tariffs and export control regulations, anti-trust, anti-corruption,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3934 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">competition as well as other compliance risks and regulations. The Group may also face claims in the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps16171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">event of breaches of law committed by individual employees or third parties. In determining loss</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contingencies, the Group considers the likelihood of the occurrence of a liability at the date of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated financial statements as well as the ability to reasonably estimate the amount of such loss or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">liability. The Group records a provision for a loss contingency when information available before the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">consolidated financial statements are issued or are available to be issued indicates that it is probable that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">an asset has been impaired or a liability has been incurred at the date of the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">statements and when the amount of loss can be reasonably estimated. The Group regularly re-evaluates</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">any potential losses and claims to determine whether provisions need to be adjusted based on the most</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">current information available to the Group. Changes in these evaluations could result in an adverse</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">material impact on the Group's results of operations, cash flows or its financial position for the period in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">which they occur.</span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:141pt\">Claims and legal proceedings</span><span class=\"f charStyle-a745408e ps16172\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.11pt\">On August 23, 2024, </span><span class=\"f charStyle-58d8bcbe ps16173\" style=\"width:15.55pt\">two</span><span class=\"f charStyle-58d8bcbe ps16174\" style=\"width:352.26pt\"> lawsuits were filed against the Group, and its CEO and CFO, in the United</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">States District Court for the Southern District of New York alleging that the Group provided excessively</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">positive statements to investors concerning 2024 expected revenue and issued false or misleading</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statements or concealed negative facts regarding the Group's business, operations, and prospects, in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">violation of U.S. securities laws. The lawsuits were consolidated into a single lawsuit and thereafter the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">plaintiff filed amended complaints asserting claims for violation of Sections 10(b) and 20(a) of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Securities Exchange Act, and expanding the purported class period from March 14, 2023, to January 29,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">2025. The Group and its CEO and CFO moved to dismiss the lawsuit which motion was denied by the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Court on September 15, 2025. The Group and its CEO and CFO believe that they have strong legal</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">defenses against the allegations in the amended complaints and will vigorously defend themselves in</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:24.99pt\">court.</span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group has received and may in the future receive communications alleging possible infringements of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">third-party patents or other third-party intellectual property rights. Furthermore, the Group from time to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">time enters into discussions regarding a broad patent cross license arrangement with other industry</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">participants. There is no assurance that such discussions may be brought to a successful conclusion and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">result in the intended agreement. The Group may become involved in costly litigation brought against the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group regarding patents, mask works, copyrights, trademarks or trade secrets. In the event that the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">outcome of any litigation would be unfavorable to the Group, the Group may be required to take a license</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">to third-party patents and/or other intellectual property rights at economically unfavorable terms and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">conditions, and possibly pay damages for prior use and/or face an injunction, all of which individually or in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the aggregate could have a material adverse effect on the Group\u2019s results of operations, cash flows,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.3pt\">financial position and/or ability to compete.</span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">On December 4, 2023, a jury in the United States District Court for the Western District of Texas in Waco,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.59pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Texas (USA) returned a verdict in a patent infringement lawsuit in favor of the plaintiff, Purdue University.</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">On June 7, 2024, the Court accepted the jury's verdict and entered a judgment against the Group in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">amount of $32 million. Thereafter, the Group filed several post-trial motions challenging the verdict. In the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">event the Court denies the Group's post-trial motions, the Group intends to appeal to the U.S. Court of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Appeals for the Federal Circuit in Washington DC. The risk on this case is considered possible with the</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.3pt\">possible loss currently estimated at </span><span class=\"f charStyle-58d8bcbe ps16175\" style=\"width:47.78pt\">$32\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16176\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps16177\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group has contractual commitments to various customers which could require the Group to incur</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs to repair or replace defective products it supplies to such customer. The duration of these</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">contractual commitments varies and, in certain cases, is indefinite. The Group is otherwise also involved</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">in various lawsuits, claims, inquiries, inspections, investigations and/or proceedings incidental to its</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">business and operations. Such matters, even if not meritorious, could result in the expenditure of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">significant financial or managerial resources. Any of the foregoing could have a material adverse effect on<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:300.29pt\">the Group\u2019s results of operations, cash flows or its financial position.</span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:22.42pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16178\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16179\" style=\"width:309.54pt\">, respectively, provisions for estimated probable losses with respect to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.78pt\">claims and legal proceedings were not considered material.</span><span class=\"f charStyle-58d8bcbe ps16180\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Other Contingencies</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group regularly evaluates claims and legal proceedings together with their related probable losses to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determine whether they need to be adjusted based on the current information available to the Group.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.59pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">There can be no assurance that its recorded reserves or insurance policies will be sufficient to cover the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">extent of its potential liabilities. Legal costs associated with claims are expensed as incurred. In the event</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of litigation which is adversely determined with respect to the Group\u2019s interests, or in the event the Group</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">needs to change its evaluation of a potential third-party claim, based on new evidence or</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">communications, a material adverse effect could impact its operations or financial condition at the time it</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">were to materialize.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-518": {
   "value": "<div class=\"ps3916 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:66.64pt\">Commitments</span><span class=\"f charStyle-58d8bcbe ps16164\" style=\"width:2.77pt\"> </span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group\u2019s commitments relate to multi-annual agreements with suppliers when there is a fixed, non-</span></div><div class=\"ps6177 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">cancelable commitment or when minimum payments are due on a committed delivery schedule. These</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">commitments are primarily comprised of purchase commitments for outsourced foundry wafers ($0.8</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">billion), firm contractual commitments related to power purchase and minimum energy efficiency, as part</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3923 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">of the Group's actions to become carbon neutral by 2027 on scope 1 and 2 and focusing on product</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">transportation, business travel and employee commuting emissions for scope 3 ($1.3 billion), and firm</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps16166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:273.83pt\">contractual commitments related primarily to cloud services ($</span><span class=\"f charStyle-58d8bcbe ps16165\" style=\"width:42.22pt\">0.3\u00a0billion</span><span class=\"f charStyle-58d8bcbe ps3173\" style=\"width:6.1pt\">).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-519": {
   "value": "<div class=\"ps16169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:68.83pt\">Contingencies</span><span class=\"f charStyle-58d8bcbe ps16168\" style=\"width:2.77pt\"> </span></div><div class=\"ps15073 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">The Group is subject to possible loss contingencies arising in the ordinary course of business. These</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">include but are not limited to: product liability claims and/or warranty cost on the products of the Group,</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps15075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">contractual disputes, indemnification claims, claims for unauthorized use of third-party intellectual</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps16170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">property, employee grievances, tax claims beyond assessed uncertain tax positions and environmental</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3932 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">damages. The Group is also exposed to numerous legal risks including potential product recalls,</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps3933 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">environmental, shareholder rights, tariffs and export control regulations, anti-trust, anti-corruption,</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps3934 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">competition as well as other compliance risks and regulations. The Group may also face claims in the</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps16171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">event of breaches of law committed by individual employees or third parties. In determining loss</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">contingencies, the Group considers the likelihood of the occurrence of a liability at the date of the</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">consolidated financial statements as well as the ability to reasonably estimate the amount of such loss or</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps80 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">liability. The Group records a provision for a loss contingency when information available before the</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">consolidated financial statements are issued or are available to be issued indicates that it is probable that</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">an asset has been impaired or a liability has been incurred at the date of the consolidated financial</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">statements and when the amount of loss can be reasonably estimated. The Group regularly re-evaluates</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">any potential losses and claims to determine whether provisions need to be adjusted based on the most</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">current information available to the Group. Changes in these evaluations could result in an adverse</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">material impact on the Group's results of operations, cash flows or its financial position for the period in</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:76.66pt\">which they occur.</span></div><div class=\"ps1811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:141pt\">Claims and legal proceedings</span><span class=\"f charStyle-a745408e ps16172\" style=\"width:2.77pt\"> </span></div><div class=\"ps1812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:100.11pt\">On August 23, 2024, </span><span class=\"f charStyle-58d8bcbe ps16173\" style=\"width:15.55pt\">two</span><span class=\"f charStyle-58d8bcbe ps16174\" style=\"width:352.26pt\"> lawsuits were filed against the Group, and its CEO and CFO, in the United</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">States District Court for the Southern District of New York alleging that the Group provided excessively</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">positive statements to investors concerning 2024 expected revenue and issued false or misleading</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">statements or concealed negative facts regarding the Group's business, operations, and prospects, in</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">violation of U.S. securities laws. The lawsuits were consolidated into a single lawsuit and thereafter the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1718 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">plaintiff filed amended complaints asserting claims for violation of Sections 10(b) and 20(a) of the</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">Securities Exchange Act, and expanding the purported class period from March 14, 2023, to January 29,</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">2025. The Group and its CEO and CFO moved to dismiss the lawsuit which motion was denied by the</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Court on September 15, 2025. The Group and its CEO and CFO believe that they have strong legal</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">defenses against the allegations in the amended complaints and will vigorously defend themselves in</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:24.99pt\">court.</span></div><div class=\"ps1820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group has received and may in the future receive communications alleging possible infringements of</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1936 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">third-party patents or other third-party intellectual property rights. Furthermore, the Group from time to</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps1728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.97pt\">time enters into discussions regarding a broad patent cross license arrangement with other industry</span><span class=\"f charStyle-58d8bcbe ps1687\" style=\"width:2.77pt\"> </span></div><div class=\"ps1729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.88pt\">participants. There is no assurance that such discussions may be brought to a successful conclusion and</span><span class=\"f charStyle-58d8bcbe ps1668\" style=\"width:2.77pt\"> </span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">result in the intended agreement. The Group may become involved in costly litigation brought against the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">Group regarding patents, mask works, copyrights, trademarks or trade secrets. In the event that the</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">outcome of any litigation would be unfavorable to the Group, the Group may be required to take a license</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">to third-party patents and/or other intellectual property rights at economically unfavorable terms and</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">conditions, and possibly pay damages for prior use and/or face an injunction, all of which individually or in</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps1940 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">the aggregate could have a material adverse effect on the Group\u2019s results of operations, cash flows,</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:188.3pt\">financial position and/or ability to compete.</span></div><div class=\"ps1942 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">On December 4, 2023, a jury in the United States District Court for the Western District of Texas in Waco,</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.59pt\"> </span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.86pt\">Texas (USA) returned a verdict in a patent infringement lawsuit in favor of the plaintiff, Purdue University.</span><span class=\"f charStyle-58d8bcbe ps1675\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">On June 7, 2024, the Court accepted the jury's verdict and entered a judgment against the Group in the</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">amount of $32 million. Thereafter, the Group filed several post-trial motions challenging the verdict. In the</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">event the Court denies the Group's post-trial motions, the Group intends to appeal to the U.S. Court of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.22pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.84pt\">Appeals for the Federal Circuit in Washington DC. The risk on this case is considered possible with the</span><span class=\"f charStyle-58d8bcbe ps1836\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:158.3pt\">possible loss currently estimated at </span><span class=\"f charStyle-58d8bcbe ps16175\" style=\"width:47.78pt\">$32\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16176\" style=\"width:2.77pt\">.</span><span class=\"f charStyle-58d8bcbe ps16177\" style=\"width:2.77pt\"> </span></div><div class=\"ps2567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">The Group has contractual commitments to various customers which could require the Group to incur</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">costs to repair or replace defective products it supplies to such customer. The duration of these</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">contractual commitments varies and, in certain cases, is indefinite. The Group is otherwise also involved</span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">in various lawsuits, claims, inquiries, inspections, investigations and/or proceedings incidental to its</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.89pt\">business and operations. Such matters, even if not meritorious, could result in the expenditure of</span><span class=\"f charStyle-58d8bcbe ps1659\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.98pt\">significant financial or managerial resources. Any of the foregoing could have a material adverse effect on<span class=\"f ps26\"> </span></span><span class=\"f charStyle-58d8bcbe ps1715\" style=\"width:2.77pt\"> <span class=\"f ps26\"> </span></span></div><div class=\"ps2569 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:300.29pt\">the Group\u2019s results of operations, cash flows or its financial position.</span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:25.73pt\">As of </span><span class=\"f charStyle-58d8bcbe ps15374\" style=\"width:87.99pt\">December\u00a031, 2025</span><span class=\"f charStyle-58d8bcbe ps15375\" style=\"width:22.42pt\"> and </span><span class=\"f charStyle-58d8bcbe ps16178\" style=\"width:22.24pt\">2024</span><span class=\"f charStyle-58d8bcbe ps16179\" style=\"width:309.54pt\">, respectively, provisions for estimated probable losses with respect to</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:262.78pt\">claims and legal proceedings were not considered material.</span><span class=\"f charStyle-58d8bcbe ps16180\" style=\"width:2.77pt\"> </span></div></div><div class=\"ps2547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-a745408e ps47\" style=\"width:98.25pt\">Other Contingencies</span><span class=\"f charStyle-a745408e ps12635\" style=\"width:2.77pt\"> </span></div><div class=\"ps1759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">The Group regularly evaluates claims and legal proceedings together with their related probable losses to</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1760 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">determine whether they need to be adjusted based on the current information available to the Group.</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.59pt\"> </span></div><div class=\"ps1701 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">There can be no assurance that its recorded reserves or insurance policies will be sufficient to cover the</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps1761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">extent of its potential liabilities. Legal costs associated with claims are expensed as incurred. In the event</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1763 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">of litigation which is adversely determined with respect to the Group\u2019s interests, or in the event the Group</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps1764 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">needs to change its evaluation of a potential third-party claim, based on new evidence or</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><div class=\"ps1705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">communications, a material adverse effect could impact its operations or financial condition at the time it</span><span class=\"f charStyle-58d8bcbe ps1634\" style=\"width:2.77pt\"> </span></div><div class=\"ps1706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:86.64pt\">were to materialize.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-520": {
   "value": "<div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-9d8f533c ps1621\" style=\"width:110.55pt\">Capital risk management</span><span class=\"f charStyle-9d8f533c ps16234\" style=\"width:2.77pt\"> </span></div><div class=\"ps1725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">concern in order to create value sustainable value, benefits and returns for its stakeholders, as to</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps1862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.85pt\">maintain an optimal capital structure. In order to maintain or adjust its capital structure, the Group may</span><span class=\"f charStyle-58d8bcbe ps1762\" style=\"width:2.77pt\"> </span></div><div class=\"ps1937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:463.29pt\">review the amount of dividends paid to shareholders, return capital to shareholders, or issue new shares.</span></div><div class=\"ps1731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:468pt\">Consistent with other peers in the industry, the Company monitors capital on the basis of the net debt-to-</span></div><div class=\"ps2203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.87pt\">equity ratio. This ratio is calculated as the net financial position of the Company, defined as the difference</span><span class=\"f charStyle-58d8bcbe ps1673\" style=\"width:2.77pt\"> </span></div><div class=\"ps2536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.92pt\">between total cash position (cash and cash equivalents, short-term deposits, marketable securities and</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.94pt\">restricted cash, if any) and total financial debt (short-term and long-term debt), divided by total parent</span><span class=\"f charStyle-58d8bcbe ps1654\" style=\"width:2.77pt\"> </span></div><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:132.78pt\">company stockholders\u2019 equity.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-521": {
   "value": "<div class=\"ps1868 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-a745408e ps1821\">7.6.39. Subsequent events<span id=\"i18b7e9520dc24a18884befb3cf54fe1d\"></span></span></div><div class=\"ps1943 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">On February 2, 2026, the Group completed the acquisition of NXP Semiconductors' MEMS sensors</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps1944 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">business. Announced in July 2025, and subject to customary closing conditions, including regulatory</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps1872 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.95pt\">approvals, which have now been satisfied or waived, this transaction, focused on automotive safety and</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2204 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">non-safety products and sensors for industrial applications, expands the Group's global sensors</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2205 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.99pt\">capabilities. The MEMS businesses of the Group and NXP are strongly complementary in terms of</span><span class=\"f charStyle-58d8bcbe ps1629\" style=\"width:2.77pt\"> </span></div><div class=\"ps2206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">technology and product portfolio, with the combined product offering to be well balanced across</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:221.09pt\">automotive, industrial and consumer end markets.</span><span class=\"f charStyle-58d8bcbe ps12574\" style=\"width:2.77pt\"> </span></div><div class=\"ps2907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:251.58pt\">The all-cash transaction includes an upfront payment of </span><span class=\"f charStyle-58d8bcbe ps16236\" style=\"width:53.75pt\">$900\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16237\" style=\"width:162.59pt\">, before closing adjustments, and up</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps2211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:11.97pt\">to </span><span class=\"f charStyle-58d8bcbe ps16238\" style=\"width:48.65pt\">$50\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16239\" style=\"width:407.33pt\"> subject to the achievement of specified technical milestones. Given the close proximity of</span><span class=\"f charStyle-58d8bcbe ps1647\" style=\"width:2.77pt\"> </span></div><div class=\"ps2215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.91pt\">the completion of the transaction to the date the financial statements are issued, the purchase price</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.9pt\">allocation and the fair value of the consideration have not been determined yet. These assessments will</span><span class=\"f charStyle-58d8bcbe ps1627\" style=\"width:2.77pt\"> </span></div><div class=\"ps3102 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:452.22pt\">be completed in 2026, in accordance with the acquisition method applicable to business combinations.</span></div><div class=\"ps2216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.96pt\">On February 6, 2026, the Group issued warrants to Amazon Web Services (\"Amazon\") for the acquisition</span><span class=\"f charStyle-58d8bcbe ps1712\" style=\"width:2.77pt\"> </span></div><div class=\"ps2544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:37.41pt\">of up to </span><span class=\"f charStyle-58d8bcbe ps16240\" style=\"width:50.99pt\">24.8\u00a0million</span><span class=\"f charStyle-58d8bcbe ps16241\" style=\"width:379.51pt\"> ordinary shares of the Group. The warrants will vest in tranches over the term of the</span><span class=\"f charStyle-58d8bcbe ps1631\" style=\"width:2.77pt\"> </span></div><div class=\"ps2545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:467.93pt\">agreement, with vesting substantially tied to payments for the Group's products and services purchased</span><span class=\"f charStyle-58d8bcbe ps1657\" style=\"width:2.77pt\"> </span></div><div class=\"ps76 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:316.97pt\">by Amazon and its affiliates. Amazon may exercise the warrants in </span><span class=\"f charStyle-58d8bcbe ps16242\" style=\"width:16.68pt\">one</span><span class=\"f charStyle-58d8bcbe ps16243\" style=\"width:134.27pt\"> or more transactions over a</span><span class=\"f charStyle-58d8bcbe ps1643\" style=\"width:2.77pt\"> </span></div><div class=\"ps1698 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-58d8bcbe ps47\" style=\"width:26.68pt\">seven</span><span class=\"f charStyle-58d8bcbe ps16244\" style=\"width:269.93pt\">-year period from the issue date at an initial exercise price of </span><span class=\"f charStyle-58d8bcbe ps16245\" style=\"width:30.57pt\">$28.38</span><span class=\"f charStyle-58d8bcbe ps16246\" style=\"width:2.77pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800Z8NOHIKRI42W10",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}