Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 421

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 421
---
 discontinued operations, while 2023 and 2022 include them.

Lease liabilities include leases relating to real estate assets located at Cambridge, MA (United States), which have a lease term of

15years .

D.18. Liabilities related to business combinations and to non-controlling interests

For a description of the nature of the liabilities reported in the line item Liabilities related to business combinations and to

non-controlling interests , refer to Note B.8.5. The principal acquisitions are described in Notes D.1. and D.2.

The liabilities related to business combinations and to non-controlling interests shown in the table below are level 3 instruments

under the IFRS 7 fair value hierarchy (see Note D.12.).

Movements in liabilities related to business combinations and to non-controlling interests are shown below:

| (€ million)                                                                                       
 Balance at January 1, 2022                                                                        | Bayercontingentconsiderationarising from theacquisition ofGenzyme 
                                                                59 | MSDcontingentconsideration(EuropeanVaccinesbusiness) 
                                                  269 | Shirecontingentconsiderationarising from theacquisition ofTranslate Bio 
                                                                     354 | Contingentconsiderationarising fromacquisition ofAmunix 
                                                       — | Other 
    32 | Total(a) 
      714 |
|:--------------------------------------------------------------------------------------------------|------------------------------------------------------------------:|-----------------------------------------------------:|------------------------------------------------------------------------:|--------------------------------------------------------:|------:|---------:|
| New transactions                                                                                  |                                                                 — |                                                    — |                                                                       — |                                                     156 |     — |      156 |
| Payments made                                                                                     |                                                               -29 |                                                  -79 |                                                                       — |                                                       — |   -28 |     -136 |
| Fair value remeasurements through profit or loss:(gain)/loss (including unwinding of discount)(b) |                                                                -9 |                                                   14 |                                                                       2 |                                                      -2 |     — |        5 |
| Other movements                                                                                   |                                                                 — |                                                    — |                                                                       — |                                                       — |     — |        — |
| Currency translation differences                                                                  |                                                                 5 |                                                    — |                                                                      24 |                                                      11 |     — |       40 |
| Balance at December 31, 2022                                                                      |                                                                26 |                                                  204 |                                                                     380 |                                                     165 |     4 |      779 |
| New transactions                                                                                  |                                                                 — |                                                    — |                                                                       — |                                                       —