| (in millions of euros) | Notes | June 30, 2025 (6 months) | June 30, 2024 (6 months) | December 31, 2024 (12 months) |
|---|---|---|---|---|
| Cash flow from operating activities | Cash flow from operating activitiesNotes
|
Cash flow from operating activitiesJune 30, 2025 (6 months)
|
Cash flow from operating activitiesJune 30, 2024 (6 months)
|
Cash flow from operating activitiesDecember 31, 2024 (12 months)
|
| Net income | Net income Notes
|
Net income June 30, 2025(6 months) 832 |
Net income June 30, 2024(6 months) 777 |
Net income December 31, 2024(12 months) 1,669 |
| Neutralization of non-cash income and expenses: | Neutralization of non-cash income and expenses: Notes
|
Neutralization of non-cash income and expenses: June 30, 2025(6 months)
|
Neutralization of non-cash income and expenses: June 30, 2024(6 months)
|
Neutralization of non-cash income and expenses: December 31, 2024(12 months)
|
| Income taxes | Income taxes Notes10 |
Income taxes June 30, 2025(6 months) 266 |
Income taxes June 30, 2024(6 months) 256 |
Income taxes December 31, 2024(12 months) 549 |
| Financial result | Financial result Notes9 |
Financial result June 30, 2025(6 months) 5 |
Financial result June 30, 2024(6 months) (28) |
Financial result December 31, 2024(12 months) (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) June 30, 2025(6 months) (1) |
Capital losses (gains) on disposal of assets (before tax) June 30, 2024(6 months) (16) |
Capital losses (gains) on disposal of assets (before tax) December 31, 2024(12 months) (13) |
| Depreciation, amortization and impairment losses | Depreciation, amortization and impairment losses Notes7 |
Depreciation, amortization and impairment losses June 30, 2025(6 months) 400 |
Depreciation, amortization and impairment losses June 30, 2024(6 months) 409 |
Depreciation, amortization and impairment losses December 31, 2024(12 months) 815 |
| Share-based payments | Share-based payments Notes5 |
Share-based payments June 30, 2025(6 months) 54 |
Share-based payments June 30, 2024(6 months) 46 |
Share-based payments December 31, 2024(12 months) 91 |
| Other non-cash income and expenses | Other non-cash income and expenses Notes
|
Other non-cash income and expenses June 30, 2025(6 months) (11) |
Other non-cash income and expenses June 30, 2024(6 months) 1 |
Other non-cash income and expenses December 31, 2024(12 months) 6 |
| Share of profit of equity-accounted investees, net of tax | Share of profit of equity-accounted investees, net of tax Notes
|
Share of profit of equity-accounted investees, net of tax June 30, 2025(6 months) (1) |
Share of profit of equity-accounted investees, net of tax June 30, 2024(6 months) 3 |
Share of profit of equity-accounted investees, net of tax December 31, 2024(12 months) 2 |
| Dividends received from equity-accounted investees | Dividends received from equity-accounted investees Notes
|
Dividends received from equity-accounted investees June 30, 2025(6 months) 3 |
Dividends received from equity-accounted investees June 30, 2024(6 months) 1 |
Dividends received from equity-accounted investees December 31, 2024(12 months) 4 |
| Taxes paid | Taxes paid Notes
|
Taxes paid June 30, 2025(6 months) (350) |
Taxes paid June 30, 2024(6 months) (376) |
Taxes paid December 31, 2024(12 months) (655) |
| Change in working capital requirements(1) | Change in working capital requirements (1)Notes
|
Change in working capital requirements (1)June 30, 2025(6 months) (1,745) |
Change in working capital requirements (1)June 30, 2024(6 months) (1,629) |
Change in working capital requirements (1)December 31, 2024(12 months) (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)June 30, 2025 (6 months) (548) |
Net cash flows generated by (used in) operating activities (I)June 30, 2024 (6 months) (556) |
Net cash flows generated by (used in) operating activities (I)December 31, 2024 (12 months) 2,301 |
| Cash flow from investing activities | Cash flow from investing activitiesNotes
|
Cash flow from investing activitiesJune 30, 2025 (6 months)
|
Cash flow from investing activitiesJune 30, 2024 (6 months)
|
Cash flow from investing activitiesDecember 31, 2024 (12 months)
|
| 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 June 30, 2025(6 months) (116) |
Purchases of property, plant and equipment and intangible assets June 30, 2024(6 months) (120) |
Purchases of property, plant and equipment and intangible assets December 31, 2024(12 months) (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 June 30, 2025(6 months) 1 |
Disposals of property, plant and equipment and intangible assets June 30, 2024(6 months) 2 |
Disposals of property, plant and equipment and intangible assets December 31, 2024(12 months) 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 June 30, 2025(6 months) (11) |
Purchases of investments and other financial assets, nets June 30, 2024(6 months) 12 |
Purchases of investments and other financial assets, nets December 31, 2024(12 months) 34 |
| Acquisitions of subsidiaries, net of cash acquired | Acquisitions of subsidiaries, net of cash acquired Notes3 |
Acquisitions of subsidiaries, net of cash acquired June 30, 2025(6 months) (433) |
Acquisitions of subsidiaries, net of cash acquired June 30, 2024(6 months) (229) |
Acquisitions of subsidiaries, net of cash acquired December 31, 2024(12 months) (915) |
| Disposals of subsidiaries | Disposals of subsidiaries Notes3 |
Disposals of subsidiaries June 30, 2025(6 months) – |
Disposals of subsidiaries June 30, 2024(6 months) – |
Disposals of subsidiaries December 31, 2024(12 months) – |
| 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)June 30, 2025 (6 months) (559) |
Net cash flows generated by (used in) investing activities (II)June 30, 2024 (6 months) (335) |
Net cash flows generated by (used in) investing activities (II)December 31, 2024 (12 months) (1,116) |
| Cash flow from financing activities | Cash flow from financing activitiesNotes
|
Cash flow from financing activitiesJune 30, 2025 (6 months)
|
Cash flow from financing activitiesJune 30, 2024 (6 months)
|
Cash flow from financing activitiesDecember 31, 2024 (12 months)
|
| Dividends paid to holders of the parent company | Dividends paid to holders of the parent company Notes13 |
Dividends paid to holders of the parent company June 30, 2025(6 months) – |
Dividends paid to holders of the parent company June 30, 2024(6 months) – |
Dividends paid to holders of the parent company December 31, 2024(12 months) (853) |
| Dividends paid to non-controlling interests | Dividends paid to non-controlling interests Notes
|
Dividends paid to non-controlling interests June 30, 2025(6 months) (5) |
Dividends paid to non-controlling interests June 30, 2024(6 months) (9) |
Dividends paid to non-controlling interests December 31, 2024(12 months) (12) |
| Proceeds from borrowings | Proceeds from borrowings Notes16 |
Proceeds from borrowings June 30, 2025(6 months) 1,249 |
Proceeds from borrowings June 30, 2024(6 months) – |
Proceeds from borrowings December 31, 2024(12 months) 1 |
| Repayments of borrowings | Repayments of borrowings Notes16 |
Repayments of borrowings June 30, 2025(6 months) (753) |
Repayments of borrowings June 30, 2024(6 months) (5) |
Repayments of borrowings December 31, 2024(12 months) (603) |
| Repayments of lease liabilities | Repayments of lease liabilities Notes17 |
Repayments of lease liabilities June 30, 2025(6 months) (188) |
Repayments of lease liabilities June 30, 2024(6 months) (182) |
Repayments of lease liabilities December 31, 2024(12 months) (369) |
| Interests paid on lease liabilities | Interests paid on lease liabilities Notes17 |
Interests paid on lease liabilities June 30, 2025(6 months) (44) |
Interests paid on lease liabilities June 30, 2024(6 months) (42) |
Interests paid on lease liabilities December 31, 2024(12 months) (84) |
| Interests paid | Interests paid Notes16 |
Interests paid June 30, 2025(6 months) (97) |
Interests paid June 30, 2024(6 months) (85) |
Interests paid December 31, 2024(12 months) (105) |
| Interests received | Interests received Notes
|
Interests received June 30, 2025(6 months) 75 |
Interests received June 30, 2024(6 months) 98 |
Interests received December 31, 2024(12 months) 174 |
| Buy-outs of non-controlling interests | Buy-outs of non-controlling interests Notes16 |
Buy-outs of non-controlling interests June 30, 2025(6 months) (18) |
Buy-outs of non-controlling interests June 30, 2024(6 months) (7) |
Buy-outs of non-controlling interests December 31, 2024(12 months) (8) |
| Net (buybacks)/sales of treasury shares | Net (buybacks)/sales of treasury shares Notes13 |
Net (buybacks)/sales of treasury shares June 30, 2025(6 months) (149) |
Net (buybacks)/sales of treasury shares June 30, 2024(6 months) (119) |
Net (buybacks)/sales of treasury shares December 31, 2024(12 months) (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)June 30, 2025 (6 months) 70 |
Net cash flows generated by (used in) financing activities (III)June 30, 2024 (6 months) (351) |
Net cash flows generated by (used in) financing activities (III)December 31, 2024 (12 months) (2,007) |
| Impact of exchange rate fluctuations (IV) | Impact of exchange rate fluctuations (IV)Notes
|
Impact of exchange rate fluctuations (IV)June 30, 2025 (6 months) (399) |
Impact of exchange rate fluctuations (IV)June 30, 2024 (6 months) 74 |
Impact of exchange rate fluctuations (IV)December 31, 2024 (12 months) 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)June 30, 2025 (6 months) (1,436) |
Change in consolidated cash and cash equivalents (I + II + III + IV)June 30, 2024 (6 months) (1,168) |
Change in consolidated cash and cash equivalents (I + II + III + IV)December 31, 2024 (12 months) (607) |
| Cash and cash equivalents on January 1 | Cash and cash equivalents on January 1 Notes
|
Cash and cash equivalents on January 1 June 30, 2025(6 months) 3,644 |
Cash and cash equivalents on January 1 June 30, 2024(6 months) 4,250 |
Cash and cash equivalents on January 1 December 31, 2024(12 months) 4,250 |
| Bank overdrafts on January 1 | Bank overdrafts on January 1 Notes21 |
Bank overdrafts on January 1 June 30, 2025(6 months) (2) |
Bank overdrafts on January 1 June 30, 2024(6 months) (1) |
Bank overdrafts on January 1 December 31, 2024(12 months) (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)June 30, 2025 (6 months) 3,642 |
Net cash and cash equivalents at beginning of year (V)June 30, 2024 (6 months) 4,249 |
Net cash and cash equivalents at beginning of year (V)December 31, 2024 (12 months) 4,249 |
| Cash and cash equivalents at closing date | Cash and cash equivalents at closing date Notes
|
Cash and cash equivalents at closing date June 30, 2025(6 months) 2,206 |
Cash and cash equivalents at closing date June 30, 2024(6 months) 3,082 |
Cash and cash equivalents at closing date December 31, 2024(12 months) 3,644 |
| Bank overdrafts at closing date | Bank overdrafts at closing date Notes21 |
Bank overdrafts at closing date June 30, 2025(6 months) – |
Bank overdrafts at closing date June 30, 2024(6 months) (1) |
Bank overdrafts at closing date December 31, 2024(12 months) (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)June 30, 2025 (6 months) 2,206 |
Net cash and cash equivalents at end of the year (VI)June 30, 2024 (6 months) 3,081 |
Net cash and cash equivalents at end of the year (VI)December 31, 2024 (12 months) 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)June 30, 2025 (6 months) (1,436) |
Change in consolidated cash and cash equivalents (VI - V)June 30, 2024 (6 months) (1,168) |
Change in consolidated cash and cash equivalents (VI - V)December 31, 2024 (12 months) (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 June 30, 2025(6 months)
|
(1) Breakdown of changes in working capital requirements June 30, 2024(6 months)
|
(1) Breakdown of changes in working capital requirements December 31, 2024(12 months)
|
| Change in inventory and work-in-progress | Change in inventory and work-in-progress Notes
|
Change in inventory and work-in-progress June 30, 2025(6 months) (245) |
Change in inventory and work-in-progress June 30, 2024(6 months) (121) |
Change in inventory and work-in-progress December 31, 2024(12 months) (34) |
| Change in trade receivables and contract assets | Change in trade receivables and contract assets Notes
|
Change in trade receivables and contract assets June 30, 2025(6 months) 137 |
Change in trade receivables and contract assets June 30, 2024(6 months) 299 |
Change in trade receivables and contract assets December 31, 2024(12 months) (1,449) |
| Change in other current assets | Change in other current assets Notes
|
Change in other current assets June 30, 2025(6 months) (55) |
Change in other current assets June 30, 2024(6 months) 182 |
Change in other current assets December 31, 2024(12 months) 414 |
| Change in trade payables | Change in trade payables Notes
|
Change in trade payables June 30, 2025(6 months) (1,318) |
Change in trade payables June 30, 2024(6 months) (2,099) |
Change in trade payables December 31, 2024(12 months) 1,327 |
| Change in provisions and other current liabilities | Change in provisions and other current liabilities Notes
|
Change in provisions and other current liabilities June 30, 2025(6 months) (264) |
Change in provisions and other current liabilities June 30, 2024(6 months) 110 |
Change in provisions and other current liabilities December 31, 2024(12 months) (419) |
| Change in working capital requirements | Change in working capital requirementsNotes
|
Change in working capital requirementsJune 30, 2025 (6 months) (1,745) |
Change in working capital requirementsJune 30, 2024 (6 months) (1,629) |
Change in working capital requirementsDecember 31, 2024 (12 months) (161) |
