| (in millions of euros) | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Bonds (excl. accrued interest) |
Bonds (excl. accrued interest) December 31, 20223,338 |
Bonds (excl. accrued interest) December 31, 2021 3,335 |
| Other debt |
Other debt December 31, 2022278 |
Other debt December 31, 2021 295 |
| Total financial liabilities | Total financial liabilitiesDecember 31, 20223,616 |
Total financial liabilities December 31, 2021 3,630 |
| Of which short-term | Of which short-termDecember 31, 2022627 |
Of which short-term December 31, 2021 184 |
| Of which long-term | Of which long-termDecember 31, 20222,989 |
Of which long-term December 31, 2021 3,446 |
/ Change in financial liabilities
| Changes excl. cash outflows | ||||||
|---|---|---|---|---|---|---|
| (in millions of euros) | December 31, 2021 | Cash outflows | Acquisitions | Exchange rate fluctuations | Changes in fair value | December 31, 2022 |
| Eurobond 0.5% – November 2023 (EIR 0.741%)(1) | 498 | - | - | - | 1 | 499 |
| Eurobond 1.625% – December 2024 (EIR 1.732%)(1) | 601 | - | - | - | - | 601 |
| Eurobond 0.625% – June 2025 (EIR 0.781%)(1) | 746 | - | - | - | 1 | 747 |
| Eurobond 1.25% – June 2028 (EIR 1.329%)(1) | 747 | - | - | - | - | 747 |
| Eurobond 1.75% – June 2031 (EIR 1.855%)(1) | 743 | - | - | - | 1 | 744 |
| Bonds (excl. accrued interest) | 3,335 | - | - | - | 3 | 3,338 |
| Debt related to earn-out commitments | 206 | (119) | 107 | 7 | (16) | 185 |
| Debt related to commitments to buy-out non-controlling interests | 16 | (3) | 15 | 0 | 2 | 30 |
| Accrued interest | 45 | (99) | - | 3 | 99 | 48 |
| Other borrowings and credit lines | 16 | (10) | - | - | 8 | 14 |
| Bank overdrafts | 12 | (11) | - | - | - | 1 |
| Other financial liabilities | 73 | (120) | 0 | 3 | 107 | 63 |
| Total financial liabilities | 3,630 | (242) | 122 | 10 | 96 | 3,616 |
| Fair value of derivative hedging on the 2025, 2028 and 2031 Eurobonds(2) |
97 | - | - | - | 163 | 260 |
| Fair value of derivative hedging on intra-group loans and borrowings(2) | 8 | 29 | - | - | 69 | 106 |
| Total liabilities related to financing activities | 3,735 | (213) | 122 | 10 | 328 | 3,982 |
(1) Net of issuance costs. The number of securities at December 31, 2022 was 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.
