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Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, plant and equipment [abstract] |
Schedule of Property, Plant and Equipment | The Group’s subsidiaries depreciate their property, plant and equipment, from the time they can be placed in service, amortizing the cost of the assets, net of their residual values on a straight-line basis over the assets’ estimated useful lives, which are calculated in accordance with technical studies that are revised periodically in light of technological advances and the rate of dismantling, as follows:
| Years of estimated useful life
Buildings | 25 – 40
Plant and machinery | 4 – 30
Furniture, tools and other items | 2 – 10
The composition and movements in 2024 and 2023 of the items comprising net "Property, plant and equipment" were as follows:
2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Millions of euros | Balance at 12/31/2023 |  | First applica-tion of IAS 21 | Addi-tions(1) | Depre-ciation | Dispo-sals | Impair-ments | Transfers and others | Transla-tion differences | Inflation adjust-ments | Business combina-tions |  | Balance at 12/31/2024
Land and buildings | 2,516 |  |  | 15 |  | 22 |  | (209) |  | (21) |  | (175) |  | 116 |  | (119) |  | 166 |  | 15 |  |  | 2,326 |
Plant and machinery | 17,947 |  |  | 23 |  | 1,041 |  | (3,680) |  | (13) |  | (642) |  | 2,263 |  | (1,071) |  | 583 |  | 70 |  |  | 16,521 |
Furniture, tools and other items | 618 |  |  | 3 |  | 81 |  | (213) |  | (2) |  | (24) |  | 146 |  | (40) |  | 46 |  | (10) |  |  | 605 |
PP&E in progress | 1,863 |  |  | 61 |  | 2,479 |  | — |  | (12) |  | (5) |  | (2,421) |  | (108) |  | 117 |  | 13 |  |  | 1,987 |
Total PP&E | 22,944 |  |  | 102 |  | 3,623 |  | (4,102) |  | (48) |  | (846) |  | 104 |  | (1,338) |  | 912 |  | 88 |  |  | 21,439 |
(1) Total additions of property, plant and equipment in 2024 amounted to 3,676 million euros, including the additions corresponding to companies held for sale during the annual reporting period (see Note 2).
2023 |  |  |  |  |  |  |  |  |  |
Millions of euros | Balance at 12/31/2022 | Additions(1) | Depre-ciation | Disposals | Impair-ments | Transfers and others | Transla-tion differences | Inflation adjust-ments |  | Balance at 12/31/2023
Land and buildings | 2,641 |  | 21 |  | (206) |  | (21) |  | — |  | 145 |  | (188) |  | 124 |  |  | 2,516 |
Plant and machinery | 18,165 |  | 1,123 |  | (3,650) |  | (14) |  | — |  | 2,399 |  | (525) |  | 449 |  |  | 17,947 |
Furniture, tools and other items | 576 |  | 136 |  | (199) |  | 4 |  | — |  | 112 |  | (43) |  | 32 |  |  | 618 |
PP&E in progress | 2,332 |  | 2,420 |  | — |  | (38) |  | (3) |  | (2,826) |  | (110) |  | 88 |  |  | 1,863 |
Total PP&E | 23,714 |  | 3,700 |  | (4,055) |  | (69) |  | (3) |  | (170) |  | (866) |  | 693 |  |  | 22,944 |
(1) Total additions of property, plant and equipment in 2023 amounted to 3,741 million euros, including the additions corresponding to companies held for sale during the annual reporting period (see Note 2). The cost, accumulated depreciation and impairment losses of property, plant and equipment at December 31, 2024 and 2023 were as follows:
Balance at December 31, 2024
Millions of euros | Cost | Accumulated depreciation | Impairment losses | PP&E
Land and buildings | 9,424 |  | (6,827) |  | (271) |  | 2,326 |
Plant and machinery | 90,265 |  | (72,614) |  | (1,130) |  | 16,521 |
Furniture, tools and other items | 5,334 |  | (4,689) |  | (40) |  | 605 |
PP&E in progress | 2,005 |  | — |  | (18) |  | 1,987 |
Total PP&E | 107,028 |  | (84,130) |  | (1,459) |  | 21,439 |
Balance at December 31, 2023
Millions of euros | Cost | Accumulated depreciation | Impairment losses | PP&E
Land and buildings | 8,689 |  | (6,116) |  | (57) |  | 2,516 |
Plant and machinery | 88,224 |  | (70,001) |  | (276) |  | 17,947 |
Furniture, tools and other items | 5,190 |  | (4,558) |  | (14) |  | 618 |
PP&E in progress | 1,877 |  | — |  | (14) |  | 1,863 |
Total PP&E | 103,980 |  | (80,675) |  | (361) |  | 22,944 |

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- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2024-01-01 -Paragraph 73 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2024-en-r&anchor=para_73&doctype=Standard -URIDate 2024-03-27 + Details
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- References No definition available. + Details
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