v3.25.4
Property, plant and equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Summary of Detailed Information About Lease And Own Assets
Property, plant and equipment
Notes
€ million
2025
€ million
2024
Owned assets
10A
7,826
10,259
Leased assets
10B
1,166
1,410
Total
8,992
11,669
Summary of Movements in Property, Plant and Equipment
Movements during 2025
€ million
Land and
buildings
€ million
Plant and
equipment
€ million
Total
Cost
1 January 2025
5,104
15,800
20,904
Additions through business combinations
–
15
15
Additions
345
1,356
1,701
Disposals and other movements
(134)
(412)
(546)
Hyperinflationary adjustment
(59)
(122)
(181)
Distributed through demerger
(1,035)
(4,006)
(5,041)
Reclassification as held for sale
(10)
(113)
(123)
Currency retranslation
(327)
(1,033)
(1,360)
31 December 2025
3,884
11,485
15,369
Accumulated depreciation
1 January 2025
(1,717)
(8,928)
(10,645)
Depreciation charge for the year
(125)
(872)
(997)
Disposals and other movements
25
348
373
Hyperinflationary adjustment
13
118
131
Distributed through demerger
426
2,498
2,924
Reclassification as held for sale
2
43
45
Currency retranslation
99
527
626
31 December 2025
(1,277)
(6,266)
(7,543)
Net book value 31 December 2025(a)
2,607
5,219
7,826
Includes capital expenditures for assets under construction
262
1,399
1,661
(a)Includes €496 million of freehold land.
The Group has commitments to purchase property, plant and equipment of €511 million (2024: €694 million).
10A. OWNED ASSETS continued
Movements during 2024
€ million
Land and
buildings
€ million
Plant and
equipment
€ million
Total
Cost
1 January 2024
4,671
14,957
19,628
Additions through business combinations
–
1
1
Additions
319
1,421
1,740
Disposals and other movements
(116)
(1,073)
(1,189)
Hyperinflationary adjustment
223
441
664
Reclassification as held for sale
(27)
(69)
(96)
Currency retranslation
34
122
156
31 December 2024
5,104
15,800
20,904
Accumulated depreciation
1 January 2024
(1,599)
(8,652)
(10,251)
Depreciation charge for the year
(119)
(886)
(1,005)
Disposals and other movements
45
893
938
Hyperinflationary adjustment
(33)
(246)
(279)
Reclassification as held for sale
15
50
65
Currency retranslation
(26)
(87)
(113)
31 December 2024
(1,717)
(8,928)
(10,645)
Net book value 31 December 2024(a)
3,387
6,872
10,259
Includes capital expenditures for assets under construction
234
1,368
1,602
(a)Includes €556 million of freehold land.
Summary of Movements in Leased Assets
Movements during 2025
€ million
Land and
buildings
€ million
Plant and
equipment
€ million
Total
Cost
1 January 2025
2,706
587
3,293
Additions through business combinations
18
–
18
Additions
333
130
463
Disposals and other movements
(316)
(79)
(395)
Hyperinflationary adjustment
8
–
8
Distributed through demerger
(310)
(47)
(357)
Reclassification as held for sale
(11)
(35)
(46)
Currency retranslation
(194)
(59)
(253)
31 December 2025
2,234
497
2,731
Accumulated depreciation
1 January 2025
(1,592)
(291)
(1,883)
Depreciation/Impairment charge for the year
(258)
(109)
(367)
Disposals and other movements
238
66
304
Distributed through demerger
211
29
240
Reclassification as held for sale
1
6
7
Currency retranslation
108
26
134
31 December 2025
(1,292)
(273)
(1,565)
Net book value 31 December 2025
942
224
1,166
Movements during 2024
€ million
Land and
buildings
€ million
Plant and
equipment
€ million
Total
Cost
1 January 2024
2,625
583
3,208
Additions
404
143
547
Disposals and other movements
(373)
(149)
(522)
Hyperinflationary adjustment
(4)
–
(4)
Reclassification as held for sale
(2)
(1)
(3)
Currency retranslation
56
11
67
31 December 2024
2,706
587
3,293
Accumulated depreciation
1 January 2024
(1,578)
(300)
(1,878)
Depreciation/Impairment charge for the year
(271)
(106)
(377)
Disposals and other movements
292
120
412
Reclassification as held for sale
–
1
1
Currency retranslation
(35)
(6)
(41)
31 December 2024
(1,592)
(291)
(1,883)
Net book value 31 December 2024
1,114
296
1,410