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Debt, cash and cash equivalents and lease liabilities - Summary of Net Debt by Type Valuation of Redemption (Details) - EUR (€)
€ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Interest rate and currency derivatives used to manage debt € 137 € 139 € 187  
Total debt 16,137 16,531 19,218 € 20,250
Cash and cash equivalents (7,441) (8,710) [1] (12,736) [1] € (10,098) [1]
Interest rate and currency derivatives used to manage cash and cash equivalents 76 (28) (45)  
Net debt [2] 8,772 7,793 6,437  
Value on redemption        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 14,592 15,134 18,861  
Other bank borrowings 1,354 1,248 286  
Other borrowings 3 6 6  
Bank credit balances 209 203 168  
Interest rate and currency derivatives used to manage debt 13 (18) (48)  
Total debt 16,171 16,573 19,273  
Cash and cash equivalents (7,441) (8,710) (12,736)  
Interest rate and currency derivatives used to manage cash and cash equivalents 76 (28) (45)  
Net debt [4] 8,806 [3] 7,835 6,492  
Value on redemption | Less than 1 year        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 2,716 718 3,817  
Other bank borrowings 1,290 1,118 187  
Other borrowings 3 6 6  
Bank credit balances 209 203 168  
Interest rate and currency derivatives used to manage debt 13 (18) (48)  
Total debt 4,231 2,027 4,130  
Cash and cash equivalents (7,441) (8,710) (12,736)  
Interest rate and currency derivatives used to manage cash and cash equivalents 76 (28) (45)  
Net debt (3,134) [3] (6,711) (8,651)  
Value on redemption | 1 to 2 years        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 3,010 2,600 600  
Other bank borrowings 32 98 61  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 3,042 2,698 661  
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt 3,042 [3] 2,698 661  
Value on redemption | 2 to 3 years        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 1,150 3,010 2,600  
Other bank borrowings 1 1 0  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 1,151 3,011 2,600  
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt 1,151 [3] 3,011 2,600  
Value on redemption | 3 to 4 years        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 1,666 1,150 4,160  
Other bank borrowings 1 1 0  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 1,667 1,151 4,160  
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt 1,667 [3] 1,151 4,160  
Value on redemption | 4 to 5 years        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 1,300 1,606 0  
Other bank borrowings 1 1 0  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 1,301 1,607 0  
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt 1,301 [3] 1,607 0  
Value on redemption | More than 5 years        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 4,750 6,050 7,684  
Other bank borrowings 29 29 38  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 4,779 6,079 7,722  
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt 4,779 [3] 6,079 7,722  
Value on redemption | Non-current        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Cash and cash equivalents 0 0 0  
Interest rate and currency derivatives used to manage cash and cash equivalents 0 0 0  
Net debt [4] 11,940 14,546 15,143  
Value on redemption | Current        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Cash and cash equivalents (7,441) (8,710) (12,736)  
Interest rate and currency derivatives used to manage cash and cash equivalents 76 (28) (45)  
Net debt [4] (3,134) (6,711) (8,651)  
Value on redemption | Non-current        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 11,876 14,416 15,044  
Other bank borrowings 64 130 99  
Other borrowings 0 0 0  
Bank credit balances 0 0 0  
Interest rate and currency derivatives used to manage debt 0 0 0  
Total debt 11,940 14,546 15,143  
Value on redemption | Current        
Disclosure of reconciliation of carrying amount to value on redemption [line items]        
Bond issues 2,716 718 3,817  
Other bank borrowings 1,290 1,118 187  
Other borrowings 3 6 6  
Bank credit balances 209 203 168  
Interest rate and currency derivatives used to manage debt 13 (18) (48)  
Total debt € 4,231 € 2,027 € 4,130  
[1] Cash flows of the Opella business are presented separately in accordance with IFRS 5 (Non-Current Assets Held for Sale and Discontinued Operations).
[2] (a)Net debt does not include lease liabilities, which amounted to €1,906 million as of December 31, 2024, €2,030 million as of December 31, 2023, and €2,181 million as of December 31, 2022 (see the maturity analysis at Note D.17.2.)
[3] (a)Net debt does not include lease liabilities, which amounted to €1,906 million as of December 31, 2024; €2,030 million as of December 31, 2023;
and €2,181 million as of December 31, 2022 (see the maturity analysis at Note D.17.2.).
[4] (a)Net debt does not include lease liabilities (see the maturity schedule in Note D.17.2.)