v3.25.4
Equity - Composition of net debt and group equity (Detail) - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Equity [abstract]        
Long-term debt  € 6,934 € 7,113 € 7,035  
Short-term debt 1,151 526 654  
Total debt 8,084 7,639 7,689  
Cash and cash equivalents 2,794 2,401 1,869 € 1,172
Net debt 5,290 5,238 5,820  
Shareholders’ equity 10,957 12,006 12,028  
Non-controlling interests 32 37 33  
Group equity € 10,990 € 12,043 € 12,061 € 13,283
Net debt : group equity ratio 32:68 30:70 33:67