05 Financial performance 2024 consolidated financial statements 7.3.1 Changes in provisions Changes in provisions during the period are presented below: (in € millions) Reorganizations and adaptation of activities Litigation, warranties and other provisions Total At January 1, 2024 634 405 1,038 Additional provisions 443 174 617 Provisions utilized during the period (250) (173) (424) Unused provisions reversed during the period (28) (27) (55) Translation adjustments 7 4 11 Other effects - - 1 AT DECEMBER 31, 2024 805 382 1,188 Of which short-term portion 358 82 440 7.3.2 Reorganizations and adaptation of activities At December 31, the remaining provisions for reorganizations and adaptation of activities relate to the following countries: (in € millions) December 31, 2024 December 31, 2023 France(1) 376 159 Germany(2) 286 340 United States(3) 84 107 Other countries 59 28 TOTAL 805 634 (1) The total includes the provision booked in 2024 for site closure costs at Vannes and Cholet (notes 3 and 7.1), and the provisions set aside in 2022 for phase 3 of the simplification and competitiveness plan. (2) The total includes the provision set aside in 2023 in connection with the winding down of production at the Karlsruhe, Hamburg and Trier sites (note 7.1). (3) The total includes the provision set aside in 2023 for the winding down of passenger car tire production at the Ardmore plant (note 7.1). 7.3.3 Provisions for claims and litigation, warranties and other provisions Provisions at December 31 concern the following risks: (in € millions) December 31, 2024 December 31, 2023 Provisions for claims and litigation 54 57 Provisions for product warranties (note 5) 75 78 Provisions for product liability claims 75 68 Other provisions for contingencies 178 202 TOTAL 382 405 No individual provision has a material impact on the Group's financial position or profitability. 377 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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