| (in millions of euros) | Notes | 2025 | 2024 |
|---|---|---|---|
| Cash flow from operating activities | Cash flow from operating activitiesNotes
|
Cash flow from operating activities 2025
|
Cash flow from operating activities 2024
|
| Net income | Net income Notes
|
Net income 2025 1,661 |
Net income 2024 1,669 |
| Neutralization of non-cash income and expenses: | Neutralization of non-cash income and expenses: Notes
|
Neutralization of non-cash income and expenses: 2025
|
Neutralization of non-cash income and expenses: 2024
|
| Income taxes | Income taxes Notes10 |
Income taxes 2025 577 |
Income taxes 2024 549 |
| Financial result | Financial result Notes9 |
Financial result 2025 159 |
Financial result 2024 (6) |
| Capital losses (gains) on disposal of assets (before tax) | Capital losses (gains) on disposal of assets (before tax) Notes
|
Capital losses (gains) on disposal of assets (before tax) 2025 7 |
Capital losses (gains) on disposal of assets (before tax) 2024 (13) |
| Depreciation, amortization and impairment losses | Depreciation, amortization and impairment losses Notes7 |
Depreciation, amortization and impairment losses 2025 769 |
Depreciation, amortization and impairment losses 2024 815 |
| Share-based payments | Share-based payments Notes32 |
Share-based payments 2025 89 |
Share-based payments 2024 91 |
| Other non-cash income and expenses | Other non-cash income and expenses Notes
|
Other non-cash income and expenses 2025 (19) |
Other non-cash income and expenses 2024 6 |
| Share of profit of equity-accounted investees, net of tax | Share of profit of equity-accounted investees, net of tax Notes15 |
Share of profit of equity-accounted investees, net of tax 2025 (3) |
Share of profit of equity-accounted investees, net of tax 2024 2 |
| Dividends received from equity-accounted investees | Dividends received from equity-accounted investees Notes15 |
Dividends received from equity-accounted investees 2025 5 |
Dividends received from equity-accounted investees 2024 4 |
| Taxes paid | Taxes paid Notes
|
Taxes paid 2025 (536) |
Taxes paid 2024 (655) |
| Change in working capital requirements(1) | Change in working capital requirements (1)Notes
|
Change in working capital requirements (1)2025 234 |
Change in working capital requirements (1)2024 (161) |
| Net cash flows generated by (used in) operating activities (I) | Net cash flows generated by (used in) operating activities (I)Notes
|
Net cash flows generated by (used in) operating activities (I) 2025 2,943 |
Net cash flows generated by (used in) operating activities (I) 2024 2,301 |
| Cash flow from investing activities | Cash flow from investing activitiesNotes
|
Cash flow from investing activities 2025
|
Cash flow from investing activities 2024
|
| Purchases of property, plant and equipment and intangible assets | Purchases of property, plant and equipment and intangible assets Notes |
Purchases of property, plant and equipment and intangible assets 2025 (250) |
Purchases of property, plant and equipment and intangible assets 2024 (238) |
| Disposals of property, plant and equipment and intangible assets | Disposals of property, plant and equipment and intangible assets Notes
|
Disposals of property, plant and equipment and intangible assets 2025 1 |
Disposals of property, plant and equipment and intangible assets 2024 3 |
| Purchases of investments and other financial assets, nets | Purchases of investments and other financial assets, nets Notes
|
Purchases of investments and other financial assets, nets 2025 (22) |
Purchases of investments and other financial assets, nets 2024 34 |
| Acquisitions of subsidiaries, net of cash acquired | Acquisitions of subsidiaries, net of cash acquired Notes3 |
Acquisitions of subsidiaries, net of cash acquired 2025 (670) |
Acquisitions of subsidiaries, net of cash acquired 2024 (915) |
| Disposals of subsidiaries | Disposals of subsidiaries Notes3 |
Disposals of subsidiaries 2025 1 |
Disposals of subsidiaries 2024 – |
| Net cash flows generated by (used in) investing activities (II) | Net cash flows generated by (used in) investing activities (II)Notes
|
Net cash flows generated by (used in) investing activities (II) 2025 (940) |
Net cash flows generated by (used in) investing activities (II) 2024 (1,116) |
| Cash flow from financing activities | Cash flow from financing activitiesNotes
|
Cash flow from financing activities 2025
|
Cash flow from financing activities 2024
|
| Dividends paid to holders of the parent company | Dividends paid to holders of the parent company Notes21 |
Dividends paid to holders of the parent company 2025 (903) |
Dividends paid to holders of the parent company 2024 (853) |
| Dividends paid to non-controlling interests | Dividends paid to non-controlling interests Notes
|
Dividends paid to non-controlling interests 2025 (9) |
Dividends paid to non-controlling interests 2024 (12) |
| Proceeds from borrowings | Proceeds from borrowings Notes24 |
Proceeds from borrowings 2025 1,249 |
Proceeds from borrowings 2024 1 |
| Repayments of borrowings | Repayments of borrowings Notes24 |
Repayments of borrowings 2025 (757) |
Repayments of borrowings 2024 (603) |
| Repayments of lease liabilities | Repayments of lease liabilities Notes25 |
Repayments of lease liabilities 2025 (367) |
Repayments of lease liabilities 2024 (369) |
| Interests paid on lease liabilities | Interests paid on lease liabilities Notes25 |
Interests paid on lease liabilities 2025 (86) |
Interests paid on lease liabilities 2024 (84) |
| Interests paid | Interests paid Notes24 |
Interests paid 2025 (97) |
Interests paid 2024 (105) |
| Interests received | Interests received Notes
|
Interests received 2025 123 |
Interests received 2024 174 |
| Buy-outs of non-controlling interests | Buy-outs of non-controlling interests Notes24 |
Buy-outs of non-controlling interests 2025 (18) |
Buy-outs of non-controlling interests 2024 (8) |
| Net (buybacks)/sales of treasury shares | Net (buybacks)/sales of treasury shares Notes21 |
Net (buybacks)/sales of treasury shares 2025 (147) |
Net (buybacks)/sales of treasury shares 2024 (148) |
| Net cash flows generated by (used in) financing activities (III) | Net cash flows generated by (used in) financing activities (III)Notes
|
Net cash flows generated by (used in) financing activities (III) 2025 (1,012) |
Net cash flows generated by (used in) financing activities (III) 2024 (2,007) |
| Impact of exchange rate fluctuations (IV) | Impact of exchange rate fluctuations (IV)Notes
|
Impact of exchange rate fluctuations (IV) 2025 (603) |
Impact of exchange rate fluctuations (IV) 2024 215 |
| Change in consolidated cash and cash equivalents (I + II + III + IV) | Change in consolidated cash and cash equivalents (I + II + III + IV)Notes
|
Change in consolidated cash and cash equivalents (I + II + III + IV) 2025 388 |
Change in consolidated cash and cash equivalents (I + II + III + IV) 2024 (607) |
| Cash and cash equivalents on January 1 | Cash and cash equivalents on January 1 Notes20 |
Cash and cash equivalents on January 1 2025 3,644 |
Cash and cash equivalents on January 1 2024 4,250 |
| Bank overdrafts on January 1 | Bank overdrafts on January 1 Notes24 |
Bank overdrafts on January 1 2025 (2) |
Bank overdrafts on January 1 2024 (1) |
| Net cash and cash equivalents at beginning of year (V) | Net cash and cash equivalents at beginning of year (V)Notes
|
Net cash and cash equivalents at beginning of year (V) 2025 3,642 |
Net cash and cash equivalents at beginning of year (V) 2024 4,249 |
| Cash and cash equivalents at closing date | Cash and cash equivalents at closing date Notes20 |
Cash and cash equivalents at closing date 2025 4,031 |
Cash and cash equivalents at closing date 2024 3,644 |
| Bank overdrafts at closing date | Bank overdrafts at closing date Notes24 |
Bank overdrafts at closing date 2025 (1) |
Bank overdrafts at closing date 2024 (2) |
| Net cash and cash equivalents at end of the year (VI) | Net cash and cash equivalents at end of the year (VI)Notes
|
Net cash and cash equivalents at end of the year (VI) 2025 4,030 |
Net cash and cash equivalents at end of the year (VI) 2024 3,642 |
|
Change in consolidated cash and cash equivalents (VI – V) |
Change in consolidated cash and cash equivalents (VI – V) Notes
|
Change in consolidated cash and cash equivalents (VI – V) 2025 388 |
Change in consolidated cash and cash equivalents (VI – V) 2024 (607) |
| (1) Breakdown of changes in working capital requirements | (1) Breakdown of changes in working capital requirements Notes
|
(1) Breakdown of changes in working capital requirements 2025
|
(1) Breakdown of changes in working capital requirements 2024
|
| Change in inventory and work-in-progress | Change in inventory and work-in-progress Notes
|
Change in inventory and work-in-progress 2025 (208) |
Change in inventory and work-in-progress 2024 (34) |
| Change in trade receivables and contract assets | Change in trade receivables and contract assets Notes
|
Change in trade receivables and contract assets 2025 (1,950) |
Change in trade receivables and contract assets 2024 (1,449) |
| Change in other current assets | Change in other current assets Notes
|
Change in other current assets 2025 (46) |
Change in other current assets 2024 414 |
| Change in trade payables | Change in trade payables Notes
|
Change in trade payables 2025 2,343 |
Change in trade payables 2024 1,327 |
| Change in provisions and other current liabilities | Change in provisions and other current liabilities Notes
|
Change in provisions and other current liabilities 2025 95 |
Change in provisions and other current liabilities 2024 (419) |
| Change in working capital requirements | Change in working capital requirementsNotes
|
Change in working capital requirements 2025 234 |
Change in working capital requirements 2024 (161) |
