Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 434

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 434
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Until December 31, 2023 , this line item includes the residual liability due after more than one year arising from the estimated tax

charge on deemed repatriation attributable to the accumulated earnings of non-US operations ( € 247 million as of December 31,

2023 and € 459million as of December 31, 2022 ) . The expense was initially recognized in 2018 at an amount of $ 1,092million , and

payment is being made over eight years through 2025 . As of December 31, 2024 , the residual liability is included in the line item

Current income tax liabilities .

A US legal restructuring resulted in a capital loss of € 3billion recognized in the 2020 final tax filing. One-third of the capital loss

has been used against 2020 capital gains and the remaining balance will be eligible to carry back for three years . Due to

management’s judgement about potential alternative interpretations of the prevailing tax law, no tax benefit has been

recognized on this transaction in accordance with IFRIC 23.

D.19.5. Current provisions and other current liabilities

Current provisions and other current liabilities comprise the following:

| (€ million)                                            |   2024 |   2023 |   2022 |
| Taxes payable, other than corporate income taxes       |    437 |    395 |    420 |
| Employee-related liabilities                           |  1,929 |  2,106 |  2,158 |
| Restructuring provisions (see Note D.19.2.)            |    653 |    578 |    472 |
| Interest rate derivatives (see Note D.20.)             |      7 |      1 |      — |
| Currency derivatives (see Note D.20.)                  |    330 |    126 |     94 |
| Equity derivatives (see Note D.20.)                    |      — |      — |      — |
| Amounts payable for acquisitions of non-current assets |    878 |    945 |    714 |
| Customer contract liabilities(a)                       |      — |      — |    269 |
| Other current liabilities(b)(c)                        | 10,007 |  9,590 |  7,894 |
| Total                                                  | 14,241 | 13,741 | 12,021 |

(a) See Note A.5. , “Agreements relating to the