Changes excl. cash outflows | |||||||
|---|---|---|---|---|---|---|---|
(in millions of euros) | December 31, 2018 | Cash outflows | Acquisitions | Exchange rate fluctuations | Changes in fair value | Reclassification (3) | December 31, 2019 |
Eurobond 1.125% – December 2021 (EIR 1.261%)(1) | Eurobond 1.125% – December 2021 (EIR 1.261%)(1)
697 | Eurobond 1.125% – December 2021 (EIR 1.261%)(1)
- | Eurobond 1.125% – December 2021 (EIR 1.261%)(1) Changes excl. cash outflows - | Eurobond 1.125% – December 2021 (EIR 1.261%)(1)
- | Eurobond 1.125% – December 2021 (EIR 1.261%)(1)
1 | - | 698 |
Eurobond 0.5% – November 2023 (EIR 0.741%)(1) | Eurobond 0.5% – November 2023 (EIR 0.741%)(1)
494 | Eurobond 0.5% – November 2023 (EIR 0.741%)(1)
- | Eurobond 0.5% – November 2023 (EIR 0.741%)(1) Changes excl. cash outflows - | Eurobond 0.5% – November 2023 (EIR 0.741%)(1)
- | Eurobond 0.5% – November 2023 (EIR 0.741%)(1)
1 | - | 495 |
Eurobond 1.625% – December 2024 (EIR 1.732%)(1) | Eurobond 1.625% – December 2024 (EIR 1.732%)(1)
603 | Eurobond 1.625% – December 2024 (EIR 1.732%)(1)
- | Eurobond 1.625% – December 2024 (EIR 1.732%)(1) Changes excl. cash outflows - | Eurobond 1.625% – December 2024 (EIR 1.732%)(1)
- | Eurobond 1.625% – December 2024 (EIR 1.732%)(1)
- | - | 603 |
Eurobond 0.625% – June 2025 (EIR 0.781%)(1) | Eurobond 0.625% – June 2025 (EIR 0.781%)(1)
- | Eurobond 0.625% – June 2025 (EIR 0.781%)(1)
750 | Eurobond 0.625% – June 2025 (EIR 0.781%)(1) Changes excl. cash outflows - | Eurobond 0.625% – June 2025 (EIR 0.781%)(1)
- | Eurobond 0.625% – June 2025 (EIR 0.781%)(1)
- | (6) | 744 |
Eurobond 1.25% – June 2028 (EIR 1.329%)(1) | Eurobond 1.25% – June 2028 (EIR 1.329%)(1)
- | Eurobond 1.25% – June 2028 (EIR 1.329%)(1)
750 | Eurobond 1.25% – June 2028 (EIR 1.329%)(1) Changes excl. cash outflows - | Eurobond 1.25% – June 2028 (EIR 1.329%)(1)
- | Eurobond 1.25% – June 2028 (EIR 1.329%)(1)
- | (5) | 745 |
Eurobond 1.75% – June 2031 (EIR 1.855%)(1) | Eurobond 1.75% – June 2031 (EIR 1.855%)(1)
- | Eurobond 1.75% – June 2031 (EIR 1.855%)(1)
750 | Eurobond 1.75% – June 2031 (EIR 1.855%)(1) Changes excl. cash outflows - | Eurobond 1.75% – June 2031 (EIR 1.855%)(1)
- | Eurobond 1.75% – June 2031 (EIR 1.855%)(1)
- | (8) | 742 |
Bonds (excl. accrued interest) | Bonds (excl. accrued interest)
1,794 | Bonds (excl. accrued interest)
2,250 | Bonds (excl. accrued interest) Changes excl. cash outflows - | Bonds (excl. accrued interest)
- | Bonds (excl. accrued interest)
2 | (19) | 4,027 |
Medium-term loan (financing of Epsilon acquisition) | Medium-term loan (financing of Epsilon acquisition)
- | Medium-term loan (financing of Epsilon acquisition)
1,092 | Medium-term loan (financing of Epsilon acquisition) Changes excl. cash outflows - | Medium-term loan (financing of Epsilon acquisition)
8 | Medium-term loan (financing of Epsilon acquisition)
- | - | 1,100 |
Medium-term syndicated loan | Medium-term syndicated loan
782 | Medium-term syndicated loan
(465) | Medium-term syndicated loan Changes excl. cash outflows - | Medium-term syndicated loan
10 | Medium-term syndicated loan
- | - | 327 |
Debt related to earn-out commitments | Debt related to earn-out commitments
218 | Debt related to earn-out commitments
(124) | Debt related to earn-out commitments Changes excl. cash outflows 166 | Debt related to earn-out commitments
4 | Debt related to earn-out commitments
83 | - | 347 |
Debt related to commitments to buy-out non-controlling interests | Debt related to commitments to buy-out non-controlling interests
32 | Debt related to commitments to buy-out non-controlling interests
(2) | Debt related to commitments to buy-out non-controlling interests Changes excl. cash outflows 3 | Debt related to commitments to buy-out non-controlling interests
2 | Debt related to commitments to buy-out non-controlling interests
1 | - | 36 |
Accrued interest | Accrued interest
9 | Accrued interest
- | Accrued interest Changes excl. cash outflows - | Accrued interest
- | Accrued interest
16 | - | 25 |
Other borrowings and credit lines | Other borrowings and credit lines
25 | Other borrowings and credit lines
(5) | Other borrowings and credit lines Changes excl. cash outflows - | Other borrowings and credit lines
- | Other borrowings and credit lines
- | - | 20 |
Bank overdrafts | Bank overdrafts
14 | Bank overdrafts
(8) | Bank overdrafts Changes excl. cash outflows - | Bank overdrafts
- | Bank overdrafts
- | - | 6 |
Debt related to finance leases | Debt related to finance leases
0 | Debt related to finance leases
- | Debt related to finance leases Changes excl. cash outflows - | Debt related to finance leases
- | Debt related to finance leases
- | - | 0 |
Other financial liabilities | Other financial liabilities
48 | Other financial liabilities
(13) | Other financial liabilities Changes excl. cash outflows - | Other financial liabilities
- | Other financial liabilities
16 | - | 51 |
Total borrowings and other financial liabilities | Total borrowings and other financial liabilities
2,874 | Total borrowings and other financial liabilities
2,738 | Total borrowings and other financial liabilities Changes excl. cash outflows 169 | Total borrowings and other financial liabilities
24 | Total borrowings and other financial liabilities
102 | (19) | 5,888 |
Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2) | Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2)
46 | Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2)
- | Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2) Changes excl. cash outflows - | Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2)
- | Fair value of derivative hedging on the 2021 and 2024 Eurobonds(2)
66 | - | 112 |
Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2) | Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2)
- | Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2)
- | Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2) Changes excl. cash outflows - | Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2)
- | Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2)
87 | - | 87 |
Fair value of derivative hedging on medium-term syndicated loan(2) | Fair value of derivative hedging on medium-term syndicated loan(2)
(3) | Fair value of derivative hedging on medium-term syndicated loan(2)
- | Fair value of derivative hedging on medium-term syndicated loan(2) Changes excl. cash outflows - | Fair value of derivative hedging on medium-term syndicated loan(2)
- | Fair value of derivative hedging on medium-term syndicated loan(2)
3 | - | 0 |
Fair value of derivative hedging on intra-group loans and borrowings(2) | Fair value of derivative hedging on intra-group loans and borrowings(2)
1 | Fair value of derivative hedging on intra-group loans and borrowings(2)
- | Fair value of derivative hedging on intra-group loans and borrowings(2) Changes excl. cash outflows - | Fair value of derivative hedging on intra-group loans and borrowings(2)
- | Fair value of derivative hedging on intra-group loans and borrowings(2)
38 | - | 39 |
Total liabilities related to financing activities | Total liabilities related to financing activities
2,918 | Total liabilities related to financing activities
2,738 | Total liabilities related to financing activities Changes excl. cash outflows 169 | Total liabilities related to financing activities
24 | Total liabilities related to financing activities
296 | (19) | 6,126 |
(1) Net of issuance costs. The number of securities at December 31, 2019 was 7,000 for the Eurobonds maturing in 2021, 5,000 for the Eurobonds maturing in 2023, 6,000 for the Eurobonds maturing in 2024, 7,500 for the Eurobonds maturing in 2025, 7,500 for the Eurobonds maturing in 2028 and 7,500 for the Eurobonds maturing in 2031. The Effective Interest Rate (EIR) is given for each Eurobond.
(2) Carried under “Other receivables and current assets” and/or under “Other creditors and current liabilities” on the consolidated balance sheet.
(3) Isue premiums were recognized in interest paid.
