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UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Statement of cash flows [abstract]    
Net income / (loss) € 156 € (63)
Adjustments    
Depreciation and amortization 128 132
Impairment of assets 0 5
Pension and other post-employment benefits service costs 17 17
Finance costs - net 92 87
Income tax expense / (benefit) 33 (19)
Unrealized (gains) / losses on derivatives - net and from remeasurement of monetary assets and liabilities - net (45) 11
Other - net 5 13
Change in working capital    
Inventories (212) 35
Trade receivables (234) 7
Trade payables 300 (18)
Other 0 15
Change in provisions (4) 5
Pension and other post-employment benefits paid (21) (20)
Interest paid (72) (73)
Income tax refunded 5 18
Net cash flows from operating activities 148 152
Purchases of property, plant and equipment (74) (100)
Property, plant and equipment grants received 7 2
Proceeds from disposals, net of cash 0 1
Net cash flows used in investing activities (67) (97)
Proceeds from issuance of Senior Notes 712 290
Repayments of Senior Notes (863) (200)
Repayment of U.S. revolving credit facilities 0 (129)
Proceeds from other borrowings 2 207
Repayments of other borrowings (9) (4)
Lease repayments (17) (17)
Payment of financing costs and redemption fees (26) (9)
Transactions with non-controlling interests (2) 0
Other financing activities (29) 2
Net cash flows (used in) / from financing activities (232) 140
Net (decrease) / increase in cash and cash equivalents (151) 195
Cash and cash equivalents - beginning of period 439 184
Effect of exchange rate changes on cash and cash equivalents 2 (1)
Cash and cash equivalents - end of period € 290 € 378