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UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of cash flows [abstract]    
Net (loss) / income € (63) € 41
Adjustments    
Depreciation, amortization and impairment 137 117
Finance costs - net 87 89
Tax (benefit) / expense (19) 24
Share of income of joint-ventures 0 (5)
Unrealized losses / (gains) on derivatives - net and from remeasurement of monetary assets and liabilities - net 11 (17)
Losses on disposal 0 2
Other - net 13 6
Interest paid (73) (78)
Income tax paid 18 (11)
Change in trade working capital    
Inventories 35 24
Trade receivables 7 (29)
Trade payables (18) 104
Margin calls 0 5
Change in provisions and pension obligations 2 (15)
Other working capital 15 3
Net cash flows from operating activities 152 260
Purchases of property, plant and equipment (98) (130)
Acquisition of subsidiaries net of cash acquired 0 (83)
Proceeds from disposals, net of cash 1 1
Other investing activities 0 (4)
Net cash flows used in investing activities (97) (216)
Proceeds from issuance of Senior Notes 290 0
Repayment of Senior Notes (200) 0
Proceeds from French loan 180 0
Proceeds from Swiss credit facility 18 0
Lease repayments (17) (70)
(Repayments) / proceeds from U.S. revolving credit facility and other loans (124) 76
Payment of deferred financing costs (9) 0
Transactions with non-controlling interests 0 (2)
Other financing activities 2 0
Net cash flows from financing activities 140 4
Net increase in cash and cash equivalents 195 48
Cash and cash equivalents - beginning of year 184 164
Effect of exchange rate changes on cash and cash equivalents (1) 1
Cash and cash equivalents - end of period € 378 € 213