XML 72 R26.htm IDEA: XBRL DOCUMENT v3.24.0.1
Cash and cash equivalents
 12 Months Ended
Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
Cash and cash equivalents Cash and cash equivalents
(€ million)202320222021
Cash1,461 1,385 1,358 
Cash equivalents(a)
7,249 11,351 8,740 
Cash and cash equivalents8,710 12,736 10,098 
(a)    As of December 31, 2023, cash equivalents mainly comprised the following: (i) €5,349 million invested in euro and US dollar denominated money-market mutual funds (December 31, 2022: €9,537 million; December 31, 2021: €5,057 million); (ii) €1,191 million of term deposits (December 31, 2022: €1,167 million; December 31, 2021: €2,768 million) and (iii) zero commercial paper (December 31, 2022: zero; December 31, 2021: €179 million). Cash equivalents also include €476 million held by captive insurance and reinsurance companies in accordance with insurance regulations (December 31, 2022: €439 million; December 31, 2021: €427 million).