Other operating expenses were comprised as shown in the following table:
| Other operating expenses | ||
|---|---|---|
| 2024 | 2025 | |
| € million | € million | |
| Losses on retirements of noncurrent assets | (2) | (2) |
| Impairment losses on receivables | (10) | (5) |
| Losses from derivatives | (1) | (4) |
| Expenses from currency hedges | – | (2) |
| Miscellaneous operating expenses | (57) | (168) |
| Total | (70) | (181) |
Losses from derivatives resulted from changes in the fair values of embedded derivatives.
Other operating expenses in fiscal 2025 mainly included insurance expenses of €75 million (previous year: €0 million) relating to the reimbursement of the insurance amount for production stoppages by the intragroup reinsurance company Covestro International Re, Inc., South Burlington, Vermont (United States), to the primary insurer (see also note 7 “Other Operating Income”), and other insurance expenses of €28 million (previous year: €26 million), which were reported in the “Reconciliation” category. They also included goodwill impairment losses of €42 million (previous year: €0 million) in the Performance Materials segment.