XML 190 R174.htm IDEA: XBRL DOCUMENT v3.22.4
Derivative Financial Instruments and Risk Management Policies - Breakdown of Derivatives and Expected Maturity Schedule (Details) - EUR (€)
€ in Millions
Dec. 31, 2022
Dec. 31, 2021
Disclosure of detailed information about hedges [line items]    
Notional amount € 83,706 € 84,794
Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (89) (1,003)
Non-current derivative financial assets (2,668) (2,772)
Current derivative financial assets (712) (995)
Non-current derivative financial liabilities 2,023 1,835
Current derivative financial liabilities 345 359
Derivative asset (liability), net (1,012) (1,573)
Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (3,998) (6,274)
Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount (363) (2,091)
Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (602) (205)
Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 4,874 7,567
No derivatives instruments of accounting hedges    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 133
Non-current derivative financial assets 0 0
Current derivative financial assets 0 0
Non-current derivative financial liabilities 141 132
Current derivative financial liabilities 0 0
Derivative asset (liability), net 141 132
No derivatives instruments of accounting hedges | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
No derivatives instruments of accounting hedges | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 0
No derivatives instruments of accounting hedges | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 133
No derivatives instruments of accounting hedges | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | No derivatives instruments of accounting hedges    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 133
Non-current derivative financial assets 0 0
Current derivative financial assets 0 0
Non-current derivative financial liabilities 141 132
Current derivative financial liabilities 0 0
Derivative asset (liability), net 141 132
Exchange rate risk | No derivatives instruments of accounting hedges | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | No derivatives instruments of accounting hedges | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 0
Exchange rate risk | No derivatives instruments of accounting hedges | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 133
Exchange rate risk | No derivatives instruments of accounting hedges | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Fair value hedges | No derivatives instruments of accounting hedges    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Non-current derivative financial assets 0 0
Current derivative financial assets 0 0
Non-current derivative financial liabilities 0 0
Current derivative financial liabilities 0 0
Derivative asset (liability), net 0 0
Exchange rate risk | Fair value hedges | No derivatives instruments of accounting hedges | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Fair value hedges | No derivatives instruments of accounting hedges | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Fair value hedges | No derivatives instruments of accounting hedges | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Fair value hedges | No derivatives instruments of accounting hedges | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Net investment hedges | No derivatives instruments of accounting hedges    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 133
Non-current derivative financial assets 0 0
Current derivative financial assets 0 0
Non-current derivative financial liabilities 141 132
Current derivative financial liabilities 0 0
Derivative asset (liability), net 141 132
Exchange rate risk | Net investment hedges | No derivatives instruments of accounting hedges | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Exchange rate risk | Net investment hedges | No derivatives instruments of accounting hedges | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 141 0
Exchange rate risk | Net investment hedges | No derivatives instruments of accounting hedges | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 133
Exchange rate risk | Net investment hedges | No derivatives instruments of accounting hedges | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 5,242 2,979
Non-current derivative financial assets (2,404) (2,301)
Current derivative financial assets (466) (908)
Non-current derivative financial liabilities 1,317 1,438
Current derivative financial liabilities 78 232
Derivative asset (liability), net (1,475) (1,539)
Designated as hedging instrument | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (2,034) (5,020)
Designated as hedging instrument | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 116 (904)
Designated as hedging instrument | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (77) 98
Designated as hedging instrument | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 7,237 8,805
Designated as hedging instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (6,506) (3,599)
Non-current derivative financial assets (211) (914)
Current derivative financial assets (187) (480)
Non-current derivative financial liabilities 446 22
Current derivative financial liabilities 9 4
Derivative asset (liability), net 57 (1,368)
Designated as hedging instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (795) 63
Designated as hedging instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 2 (801)
Designated as hedging instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (123) (1)
Designated as hedging instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount (5,590) (2,860)
Designated as hedging instrument | Interest rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 1,117 1,124
Non-current derivative financial assets (26) (24)
Current derivative financial assets (4) (11)
Non-current derivative financial liabilities 8 11
Current derivative financial liabilities 9 4
Derivative asset (liability), net (13) (20)
Designated as hedging instrument | Interest rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 3 64
Designated as hedging instrument | Interest rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Interest rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Interest rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 1,114 1,060
Designated as hedging instrument | Interest rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (7,623) (4,723)
Non-current derivative financial assets (185) (890)
Current derivative financial assets (183) (469)
Non-current derivative financial liabilities 438 11
Current derivative financial liabilities 0 0
Derivative asset (liability), net 70 (1,348)
Designated as hedging instrument | Interest rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (798) (1)
Designated as hedging instrument | Interest rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 2 (801)
Designated as hedging instrument | Interest rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (123) (1)
Designated as hedging instrument | Interest rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount (6,704) (3,920)
Designated as hedging instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 7,978 3,848
Non-current derivative financial assets (1,742) (1,245)
Current derivative financial assets (213) (131)
Non-current derivative financial liabilities 711 1,124
Current derivative financial liabilities 68 228
Derivative asset (liability), net (1,176) (24)
Designated as hedging instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (1,340) (5,021)
Designated as hedging instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 34 26
Designated as hedging instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 19
Designated as hedging instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 9,284 8,824
Designated as hedging instrument | Exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 9,602 9,193
Non-current derivative financial assets (1,742) (1,245)
Current derivative financial assets (57) (102)
Non-current derivative financial liabilities 704 1,124
Current derivative financial liabilities 30 95
Derivative asset (liability), net (1,065) (128)
Designated as hedging instrument | Exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 744 318
Designated as hedging instrument | Exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 34 32
Designated as hedging instrument | Exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 19
Designated as hedging instrument | Exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 8,824 8,824
Designated as hedging instrument | Exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 1,297 203
Non-current derivative financial assets 0 0
Current derivative financial assets (87) (28)
Non-current derivative financial liabilities 7 0
Current derivative financial liabilities 28 18
Derivative asset (liability), net (52) (10)
Designated as hedging instrument | Exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 837 209
Designated as hedging instrument | Exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 (6)
Designated as hedging instrument | Exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 460 0
Designated as hedging instrument | Exchange rate risk | Net investment hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (2,921) (5,548)
Non-current derivative financial assets 0 0
Current derivative financial assets (69) (1)
Non-current derivative financial liabilities 0 0
Current derivative financial liabilities 10 115
Derivative asset (liability), net (59) 114
Designated as hedging instrument | Exchange rate risk | Net investment hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (2,921) (5,548)
Designated as hedging instrument | Exchange rate risk | Net investment hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Exchange rate risk | Net investment hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Exchange rate risk | Net investment hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Interest rate and exchange rate risk | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 3,770 2,730
Non-current derivative financial assets (451) (142)
Current derivative financial assets (66) (297)
Non-current derivative financial liabilities 160 292
Current derivative financial liabilities 1 0
Derivative asset (liability), net (356) (147)
Designated as hedging instrument | Interest rate and exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 101 (62)
Designated as hedging instrument | Interest rate and exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 80 (129)
Designated as hedging instrument | Interest rate and exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 46 80
Designated as hedging instrument | Interest rate and exchange rate risk | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 3,543 2,841
Designated as hedging instrument | Interest rate and exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 3,461 3,228
Non-current derivative financial assets (445) (97)
Current derivative financial assets (66) (104)
Non-current derivative financial liabilities 74 292
Current derivative financial liabilities 1 0
Derivative asset (liability), net (436) 91
Designated as hedging instrument | Interest rate and exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 101 189
Designated as hedging instrument | Interest rate and exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 80 118
Designated as hedging instrument | Interest rate and exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 46 80
Designated as hedging instrument | Interest rate and exchange rate risk | Cash flow hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 3,234 2,841
Designated as hedging instrument | Interest rate and exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 309 (498)
Non-current derivative financial assets (6) (45)
Current derivative financial assets 0 (193)
Non-current derivative financial liabilities 86 0
Current derivative financial liabilities 0 0
Derivative asset (liability), net 80 (238)
Designated as hedging instrument | Interest rate and exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 (251)
Designated as hedging instrument | Interest rate and exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 (247)
Designated as hedging instrument | Interest rate and exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Designated as hedging instrument | Interest rate and exchange rate risk | Fair value hedges | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 309 0
Not Designated as Hedging Instrument | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (5,331) (3,982)
Non-current derivative financial assets (264) (471)
Current derivative financial assets (246) (87)
Non-current derivative financial liabilities 706 397
Current derivative financial liabilities 267 127
Derivative asset (liability), net 463 (34)
Not Designated as Hedging Instrument | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (1,964) (1,254)
Not Designated as Hedging Instrument | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount (479) (1,187)
Not Designated as Hedging Instrument | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (525) (303)
Not Designated as Hedging Instrument | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount (2,363) (1,238)
Not Designated as Hedging Instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (5,115) (3,787)
Non-current derivative financial assets (264) (244)
Current derivative financial assets (59) (55)
Non-current derivative financial liabilities 631 170
Current derivative financial liabilities 16 8
Derivative asset (liability), net 324 (121)
Not Designated as Hedging Instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (1,539) (963)
Not Designated as Hedging Instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount (688) (1,283)
Not Designated as Hedging Instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount (525) (303)
Not Designated as Hedging Instrument | Interest rate risk | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount (2,363) (1,238)
Not Designated as Hedging Instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount (1,132) (1,110)
Non-current derivative financial assets 0 (214)
Current derivative financial assets (179) (23)
Non-current derivative financial liabilities 0 142
Current derivative financial liabilities 145 101
Derivative asset (liability), net (34) 6
Not Designated as Hedging Instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount (1,132) (740)
Not Designated as Hedging Instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 (370)
Not Designated as Hedging Instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Not Designated as Hedging Instrument | Exchange rate risk | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Not Designated as Hedging Instrument | Other derivatives | Derivative Instruments, Including Netting Adjustments    
Disclosure of detailed information about hedges [line items]    
Notional amount 916 915
Non-current derivative financial assets 0 (13)
Current derivative financial assets (8) (9)
Non-current derivative financial liabilities 75 85
Current derivative financial liabilities 106 18
Derivative asset (liability), net 173 81
Not Designated as Hedging Instrument | Other derivatives | Derivative Instruments, Including Netting Adjustments | 2023    
Disclosure of detailed information about hedges [line items]    
Notional amount 707 449
Not Designated as Hedging Instrument | Other derivatives | Derivative Instruments, Including Netting Adjustments | 2024    
Disclosure of detailed information about hedges [line items]    
Notional amount 209 466
Not Designated as Hedging Instrument | Other derivatives | Derivative Instruments, Including Netting Adjustments | 2025    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Not Designated as Hedging Instrument | Other derivatives | Derivative Instruments, Including Netting Adjustments | Later    
Disclosure of detailed information about hedges [line items]    
Notional amount 0 0
Loans and Other Debts | No derivatives instruments of accounting hedges    
Disclosure of detailed information about hedges [line items]    
Non-current derivative financial liabilities € 141 € 132