v3.25.4
Capital and funding - Disclosure of Reconciliation of Liabilities Arising from Financing Activities (Details) - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period € (32,053) € (29,622)  
Cash movement (1,349) (761)  
Business acquisitions/disposals 3,128 (38)  
Foreign exchange changes 1,895 (823)  
Fair value changes (64) (295)  
Other movements (165) 514  
Financial liabilities at end of period (28,278) (32,053) € (29,622)
Interest paid 1,018 929 [1] 751 [1]
Gain loss on termination and modifications of leases (6) 4  
Total disposals      
Disclosure of financial liabilities [line items]      
Interest paid 170    
Capital component of lease liability 46    
Bank loans and overdrafts      
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period (521) (506)  
Cash movement 178 (52)  
Business acquisitions/disposals 36 0  
Foreign exchange changes 67 2  
Fair value changes 0 0  
Other movements (7) (35)  
Financial liabilities at end of period (233) (521) (506)
Bonds and other loans      
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period (28,648) (26,692)  
Cash movement (1,892) (1,119)  
Business acquisitions/disposals 3,000 0  
Foreign exchange changes 1,583 (755)  
Fair value changes (92) (5)  
Other movements (11) 77  
Financial liabilities at end of period (26,038) (28,648) (26,692)
Lease liabilities      
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period (1,486) (1,395)  
Cash movement 341 385  
Business acquisitions/disposals 112 21  
Foreign exchange changes 129 (24)  
Fair value changes 0 0  
Other movements 422 473  
Financial liabilities at end of period (1,326) (1,486) (1,395)
Derivatives      
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period (594) (494)  
Cash movement 0 0  
Business acquisitions/disposals 31 0  
Foreign exchange changes 23 (13)  
Fair value changes 88 (87)  
Other movements 0 0  
Financial liabilities at end of period (452) (594) (494)
Other financials liabilities      
Disclosure of financial liabilities [line items]      
Financial liabilities at beginning of period (804) (535)  
Cash movement 24 25  
Business acquisitions/disposals (51) (59)  
Foreign exchange changes 93 (33)  
Fair value changes (60) (203)  
Other movements (569) (1)  
Financial liabilities at end of period (229) (804) € (535)
Overdrafts      
Disclosure of financial liabilities [line items]      
Cash movement € 99 € (68)  
[1] The 2024 and 2023 comparatives have been re-presented to reflect the demerger of our Ice Cream business (see note 21).