v3.25.4
Fair value of financial assets and liabilities - Fair value of financial assets and liabilities (Detail) - EUR (€)
€ in Millions
Dec. 31, 2025
Dec. 31, 2024
Carried at fair value:    
Financial assets carried at FVTP&L € 380 € 288
Financial assets carried at FVTOCI 252 244
Derivative financial instruments 99 77
Financial assets carried at fair value 731 609
Carried at (amortized) cost:    
Financial assets carried at (amortized) cost 6,607 6,382
Total financial assets 7,338 6,992
Carried at fair value:    
Financial liabilities carried at FVTP&L (111) (113)
Derivative financial instruments (39) (63)
Financial liabilities carried at fair value (149) (176)
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (10,107) (9,551)
Total financial liabilities (10,257) (9,728)
Contingent consideration    
Carried at fair value:    
Financial liabilities carried at FVTP&L (111) (113)
Accounts payable    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (1,927) (1,830)
Interest accrual    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (95) (83)
Debt (Corporate bonds and leases)    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (7,757) (7,397)
Debt (excluding corporate bonds and leases)    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (327) (241)
Debt instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 302 231
Financial assets carried at FVTOCI 8 21
Equity instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 2 3
Financial assets carried at FVTOCI 213 222
Other financial assets    
Carried at fair value:    
Financial assets carried at FVTP&L 76 54
Current financial assets    
Carried at fair value:    
Financial assets carried at FVTOCI 0 2
Cash and cash equivalents    
Carried at (amortized) cost:    
Financial assets carried at (amortized) cost 2,794 2,401
Other non-current loans and receivables    
Carried at (amortized) cost:    
Financial assets carried at (amortized) cost 103 102
Receivables - current    
Carried at fair value:    
Financial assets carried at FVTOCI 13 0
Carried at (amortized) cost:    
Financial assets carried at (amortized) cost 3,517 3,672
Receivables - non-current    
Carried at fair value:    
Financial assets carried at FVTOCI 17  
Carried at (amortized) cost:    
Financial assets carried at (amortized) cost 193 208
At fair value    
Carried at fair value:    
Financial assets carried at FVTP&L 380 288
Financial assets carried at FVTOCI 252 244
Derivative financial instruments 99 77
Financial assets carried at fair value 731 609
Carried at fair value:    
Financial liabilities carried at FVTP&L (111) (113)
Derivative financial instruments (39) (63)
Financial liabilities carried at fair value (149) (176)
At fair value | Contingent consideration    
Carried at fair value:    
Financial liabilities carried at FVTP&L (111) (113)
At fair value | Debt (Corporate bonds and leases)    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (7,818) (7,363)
At fair value | Debt instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 302 231
Financial assets carried at FVTOCI 8 21
At fair value | Equity instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 2 3
Financial assets carried at FVTOCI 213 222
At fair value | Other financial assets    
Carried at fair value:    
Financial assets carried at FVTP&L 76 54
At fair value | Current financial assets    
Carried at fair value:    
Financial assets carried at FVTOCI 0 2
At fair value | Receivables - current    
Carried at fair value:    
Financial assets carried at FVTOCI 13 € 0
At fair value | Receivables - non-current    
Carried at fair value:    
Financial assets carried at FVTOCI 17  
Level 1    
Carried at fair value:    
Financial assets carried at FVTOCI 2  
Financial assets carried at fair value 2  
Level 1 | Debt (Corporate bonds and leases)    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (6,854)  
Level 1 | Equity instruments    
Carried at fair value:    
Financial assets carried at FVTOCI 2  
Level 2    
Carried at fair value:    
Financial assets carried at FVTP&L 53  
Financial assets carried at FVTOCI 38  
Derivative financial instruments 82  
Financial assets carried at fair value 173  
Carried at fair value:    
Derivative financial instruments (39)  
Financial liabilities carried at fair value (39)  
Level 2 | Debt (Corporate bonds and leases)    
Carried at (amortized) cost:    
Financial liabilities carried at (amortized) cost (963)  
Level 2 | Debt instruments    
Carried at fair value:    
Financial assets carried at FVTOCI 8  
Level 2 | Other financial assets    
Carried at fair value:    
Financial assets carried at FVTP&L 53  
Level 2 | Receivables - current    
Carried at fair value:    
Financial assets carried at FVTOCI 13  
Level 2 | Receivables - non-current    
Carried at fair value:    
Financial assets carried at FVTOCI 17  
Level 3    
Carried at fair value:    
Financial assets carried at FVTP&L 328  
Financial assets carried at FVTOCI 212  
Derivative financial instruments 17  
Financial assets carried at fair value 556  
Carried at fair value:    
Financial liabilities carried at FVTP&L (111)  
Financial liabilities carried at fair value (111)  
Level 3 | Contingent consideration    
Carried at fair value:    
Financial liabilities carried at FVTP&L (111)  
Level 3 | Debt instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 302  
Level 3 | Equity instruments    
Carried at fair value:    
Financial assets carried at FVTP&L 2  
Financial assets carried at FVTOCI 212  
Level 3 | Other financial assets    
Carried at fair value:    
Financial assets carried at FVTP&L 23  
Level 3 | Current financial assets    
Carried at fair value:    
Financial assets carried at FVTOCI € 0