The different levels of fair value have been defined as follows:
| Accounting category | ||||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Fair value hierarchy | Carrying value | Fair value | Fair value through profit and loss (2) | Amortized cost (1) |
Fair value through OCI (2) |
| Other non-current financial assets | ||||||
|
Venture Capital Funds |
Level 1 | 112 | 112 | 112 | – | – |
|
Unconsolidated securities |
Level 3 | 12 | 12 | 12 | – | – |
|
Security deposits |
Level 2 | 43 | 43 | – | 43 | – |
|
Loans to equity-accounted investees and non-consolidated companies |
Level 2 | 32 | 32 | – | 32 | – |
|
Sub-lease receivables |
Level 2 | 27 | 27 | – | 27 | – |
|
Surplus of plan assets for pension commitments |
Level 1 | 31 | 31 | – | – | 31 |
|
Other |
Level 2 | 30 | 30 | – | 30 | – |
| Trade receivables | 15,595 | 15,595 | – | 15,595 | – | |
| Contract assets | 1,445 | 1,445 | – | 1,445 | – | |
| Other current financial assets | ||||||
|
Derivatives hedging current assets and liabilities |
Level 2 | 1 | 1 | 1 | – | – |
|
Derivatives hedging intercompany loans and borrowings |
Level 2 | 55 | 55 | 55 | – | – |
|
Other current financial assets, excluding derivatives |
120 | 120 | – | 120 | – | |
| Cash and cash equivalents | 3,644 | 3,644 | 2,400 | 1,244 | – | |
| Total financial instruments – assets | 21,147 | 21,147 | 2,580 | 18,536 | 31 | |
| Long-term borrowings | Level 2 | 1,843 | 1,843 | 287 | 1,556 | – |
| Long-term lease liabilities (> 1 year) | (3) | 2,099 | N/A | – | – | – |
| Trade payables | 19,375 | 19,375 | – | 19,375 | – | |
| Short-term borrowings | Level 2 | 872 | 872 | 41 | 831 | – |
| Short-term lease liabilities (< 1 year) | (3) | 361 | N/A | – | – | – |
| Other current financial liabilities | ||||||
|
Derivatives hedging current assets and liabilities |
Level 2 | 2 | 2 | 2 | – | – |
|
Derivatives hedging intercompany loans and borrowings |
Level 2 | – | – | – | – | – |
|
Derivatives hedging Eurobond 2025, 2028 and 2031 |
Level 2 | 209 | 209 | – | – | 209 |
|
Other current financial liabilities excluding derivatives |
99 | 99 | – | 99 | – | |
| Total financial instruments – liabilities | 24,860 | 22,400 | 330 | 21,861 | 209 | |
