v3.25.4
Note 8 Financial instruments level 3 Changes in the year (Details) - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Classes of assets [Domain]      
Financial instruments level 3 Changes in the year [Line Items]      
Financial instruments level 3 total € 4,843 € 4,264 € 3,931
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, assets [1] 395 490 (7)
Changes in fair value not recognized in profit and loss 50 29 21
Acquisitions disposals and liquidations 469 397 27
Net transfers to level 3 13 (330) 289
Exchange differences and others (7) (6) 3
Financial instruments level 3 total 5,763 4,843 4,264
Classes of liabilities [domain]      
Financial instruments level 3 Changes in the year [Line Items]      
Financial instruments level 3 total 3,321 3,467 2,743
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, liabilities [1] 368 144 113
Changes in fair value not recognized in profit and loss 0 0 (1)
Acquisitions disposals and liquidations 884 (59) 374
Net transfers to level 3 (985) (165) 204
Exchange differences and others 6 (67) 34
Financial instruments level 3 total € 3,594 € 3,321 € 3,467
[1]
(1) Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of December 31, 2025, 2024 and 2023. Valuation adjustments are recorded under the heading “Gains (losses) on financial assets and liabilities (net)”.