XML 213 R194.htm IDEA: XBRL DOCUMENT v3.25.0.1
Derivative Financial Instruments and Risk Management Policies - Evolution of Hedges in Equity (Details) - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period € 313 € 725
Changes in the fair value registered in equity 710 (469)
Transfer to the initial value of hedged item 2 15
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss (649) 53
Total translation differences 2 (4)
Other movements 10 (7)
Balance of hedges in equity at end of period 388 313
Derivative instruments | Net investment hedges    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period (100) (30)
Changes in the fair value registered in equity 382 (66)
Transfer to the initial value of hedged item 0 0
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss 0 0
Total translation differences 0 (1)
Other movements 26 (3)
Balance of hedges in equity at end of period 308 (100)
Amounts remaining in equity for continuing hedges 308 (100)
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied 0 0
Derivative instruments | Interest rate risk | Cash flow hedges    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period (56) (37)
Changes in the fair value registered in equity (8) (49)
Transfer to the initial value of hedged item 1 1
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss 7 32
Total translation differences 3 (3)
Other movements 0 0
Balance of hedges in equity at end of period (53) (56)
Amounts remaining in equity for continuing hedges (24) (33)
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied (29) (23)
Derivative instruments | Exchange rate risk | Cash flow hedges    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period 441 861
Changes in the fair value registered in equity 430 (445)
Transfer to the initial value of hedged item 0 6
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss (710) 19
Total translation differences (1) 0
Other movements 0 0
Balance of hedges in equity at end of period 160 441
Amounts remaining in equity for continuing hedges 127 408
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied 33 33
Derivative instruments | Interest rate and exchange rate risk | Cash flow hedges    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period 176 210
Changes in the fair value registered in equity 159 (66)
Transfer to the initial value of hedged item 2 13
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss (166) 19
Total translation differences 0 0
Other movements 0 0
Balance of hedges in equity at end of period 171 176
Amounts remaining in equity for continuing hedges 240 250
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied (69) (74)
No derivative instruments | Net investment hedges    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period (11) (9)
Changes in the fair value registered in equity (1) 2
Transfer to the initial value of hedged item 0 0
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss 0 0
Total translation differences 0 0
Other movements 0 (4)
Balance of hedges in equity at end of period (12) (11)
Amounts remaining in equity for continuing hedges (12) (11)
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied 0 0
Total gross amount    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period 450 995
Changes in the fair value registered in equity 962 (624)
Transfer to the initial value of hedged item 3 20
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss (869) 70
Total translation differences 2 (4)
Other movements 26 (7)
Balance of hedges in equity at end of period 574 450
Amounts remaining in equity for continuing hedges 639 514
Amounts remaining in equity from any hedging relationship for which hedge accounting is no longer applied (65) (64)
Tax effect    
Changes in Hedges in Equity [Roll Forward]    
Balance of hedges in equity at beginning of period (137) (270)
Changes in the fair value registered in equity (252) 155
Transfer to the initial value of hedged item (1) (5)
Transfer to the income statement of the period - the hedged future cash flows are no longer expected to happen 0 0
Transfer to the income statement of the period - the hedged item has affected profit or loss 220 (17)
Total translation differences 0 0
Other movements (16) 0
Balance of hedges in equity at end of period (186) (137)
Interest expenses | Derivative instruments | Interest rate risk | Cash flow hedges    
Changes in Hedges in Equity [Roll Forward]    
Transfer to the income statement of the period - the hedged item has affected profit or loss 229 240
Interest expenses | Derivative instruments | Exchange rate risk | Cash flow hedges    
Changes in Hedges in Equity [Roll Forward]    
Transfer to the income statement of the period - the hedged item has affected profit or loss € 633 € (324)