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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of cash flows [abstract]      
Net income / (loss) € 262 € (17) € 64
Adjustments      
Depreciation and amortization 267 259 256
Impairment of assets 0 43 0
Pension and other post-employment benefits service costs 64 34 27
Finance costs - net 167 159 175
Income tax expense / (benefit) 55 (17) 18
Share of income of joint-ventures 0 0 (2)
Unrealized gains on derivatives - net and from remeasurement of monetary assets and liabilities - net (36) (18) (33)
Losses on disposal 3 4 3
Other - net 11 19 16
Change in working capital      
Inventories (435) 63 57
Trade receivables (227) 36 104
Trade payables 396 (38) (31)
Other 5 (10) 9
Change in provisions (7) 1 (2)
Pension and other post-employment benefits paid (43) (53) (50)
Interest paid (128) (140) (158)
Income tax refunded / (paid) 3 9 (6)
Net cash flows from operating activities 357 334 447
Purchases of property, plant and equipment (232) (182) (271)
Property, plant and equipment grants received 10 5 0
Acquisition of subsidiaries net of cash acquired 0 0 (83)
Proceeds from disposals, net of cash 1 1 2
Other investing activities 0 0 (1)
Net cash flows used in investing activities (221) (176) (353)
Proceeds from issuance of Senior Notes 712 290 0
Repayments of Senior Notes (1,041) (200) (100)
(Repayments of) / proceeds from U.S. revolving credit facilities 0 (129) 105
Proceeds from other borrowings 0 202 8
Repayments of other borrowings (16) (10) (4)
Lease repayments (32) (35) (86)
Payment of financing costs and redemption fees (30) (9) 0
Transactions with non-controlling interests (2) 0 (4)
Other financing activities (26) (8) 5
Net cash flows (used in) / from financing activities (435) 101 (76)
Net (decrease) / increase in cash and cash equivalents (299) 259 18
Cash and cash equivalents - beginning of period 439 184 164
Effect of exchange rate changes on cash and cash equivalents 7 (4) 2
Cash and cash equivalents - end of year € 147 € 439 € 184