_406 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE 2023 consolidated financial statements Note 20. TRADE RECEIVABLES The carrying amount of trade receivables is analyzed in the table below: (in € millions) December 31, 2023 December 31, 2022 Gross trade receivables 3,939 4,299 Impairment (89) (94) TRADE RECEIVABLES 3,850 4,205 All trade receivables are due within 12 months. The following table presents an aging analysis of trade receivables at December 31, 2023: (in € millions) Gross Impairment Net Trade receivables not yet due 3,571 (17) 3,554 Overdue by less than three months 256 (6) 250 between three and six months 33 (3) 30 by more than six months 79 (63) 16 Overdue trade receivables 368 (72) 296 TRADE RECEIVABLES 3,939 (89) 3,850 Movements in impairment are analyzed in the table below: (in € millions) 2023 2022 At January 1 (94) (102) Translation adjustments and other 2 (1) Changes in scope of consolidation 5 - Impairment of trade receivables recognized as an expense in the period (21) (23) Impairment reversals 19 32 AT DECEMBER 31 (89) (94) Impairment reversals reflect the write-off of the receivables for €14 million (2022: €29 million).
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