v3.26.1
Other information - Supplemental Cash Flow Information (Details) - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment in consolidated subsidiaries and businesses      
Current assets   € 486 € 408
Non-current assets € 1,040 3,863 1,985
Net borrowings (724) (468) (91)
Current and non-current liabilities (82) (1,825) (622)
Net effect of investments 234 2,056 1,680
Goodwill   33 25
Fair value of investments held before the acquisition of control   (28) (271)
Non-controlling interests   (1) (2)
Purchase price 234 2,060 1,432
Less: Cash and cash equivalents acquired 38 (265) (155)
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination 196 1,795 1,277
Disposal of consolidated subsidiaries and businesses      
Current assets 85 802 130
Non-current assets 657 2,695 153
Net borrowings (322) 101 180
Current and non-current liabilities (196) (2,267) (124)
Net effect of disposals 224 1,331 339
Current value of the stake held for business combinations (138) (788) (580)
Reclassification among other items of OCI     (7)
Gain on disposal of business combinations 45 379 427
Fair value of share capital held after the sale of control 27 118 414
Credits for divestments     (173)
Selling price 158 1,040 420
Less: Cash and cash equivalents sold (40) (153) (25)
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of € 118 € 887 € 395