Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 464

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 464
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 2002. The Stock Purchase Agreement (SPA) dated October 2, 2001, contained customary representations and warranties with respect to the sold business, as well as a number of indemnifications subject to limitation periods and caps, in particular with respect to environmental liabilities for which some outstanding claims from Bayer remain unresolved. Infraserv Hoechst Retained Liabilities By the Asset Contribution Agreement dated December 19/20, 1996, as amended in 1997, Hoechst contributed all land, buildings, and related assets of the Hoechst site at Frankfurt Hoechst to Infraserv GmbH & Co. Hoechst KG. Infraserv Hoechst undertook to indemnify Hoechst against environmental liabilities at the Hoechst site and with respect to certain landfills. As consideration for the indemnification undertaking, Hoechst transferred to Infraserv Hoechst approximately € 57million to fund reserves. In 1997, Hoechst also agreed it would reimburse current and future Infraserv Hoechst environmental expenses up to € 143million . As a former operator of the land and as a former user of the landfills, Hoechst may ultimately be liable for costs of remedial action in excess of this amount. D .23. Provisions for discounts, rebates and sales returns

Adjustments between gross sales and net sales, as described in Note B.13., are recognized either as provisions or as reductions in

accounts receivable, depending on their nature.

The table below shows movements in these items:

| (€ million)                                          |    | Governmentand Stateprograms(a) | Managed careand GPOprograms(b) | Chargebackincentives | Rebatesanddiscounts | Salesreturns | Otherdeductions |   Total |
| Balance at January 1, 2022                           |    |                          2,596 |                            931 |                  303 |               1,425 |          610 |              34 |   5,899 |
| Provision related to current period sales            |    |                          6,744 |                          3,246 |                4,147 |               7,244 |          578 |             182 |  22,141 |
| Net change in provision related to priorperiod sales |    |                           -120 |                            -47 |                  -21 |                -138 |           -8 |              19 |    -315 |
| Payments made