| unspecified | unspecified | unspecified | Changes excl. cash outflows | unspecified | ||
|---|---|---|---|---|---|---|
| unspecified | unspecified | unspecified | unspecified | unspecified | unspecified | unspecified |
| (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 | 9,696 | 3,616 |
| Fair value of derivatives hedging on the 2025, 2028 and 2031 Eurobonds (2) | 97 | - | - | - | 163 | 260 |
| Fair value of derivatives 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 |
