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UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of cash flows [abstract]    
Net (loss) / income € 147 € 156
Adjustments    
Depreciation and amortization 136 128
Pension and other post-employment benefits service costs 11 17
Finance costs - net 62 92
Income tax expense 35 33
Unrealized losses / (gains) on derivatives - net and from remeasurement of monetary assets and liabilities - net 85 (45)
Losses on disposal 1 0
Other - net 8 5
Change in working capital    
Inventories (256) (212)
Trade receivables (287) (234)
Trade payables 325 300
Other 4 0
Change in provisions (4) (4)
Pension and other post-employment benefits paid (21) (21)
Interest paid (54) (72)
Income tax (paid) / refunded (23) 5
Net cash flows from operating activities 169 148
Purchases of property, plant and equipment (84) (74)
Property, plant and equipment grants received 1 7
Net cash flows used in investing activities (83) (67)
Proceeds from issuance of long-term borrowings 0 712
Repayments of long-term borrowings (186) (870)
Net change in revolving credit facilities and short-term borrowings 124 0
Lease repayments (20) (17)
Payment of financing costs and redemption fees 0 (26)
Transactions with non-controlling interests (2) (2)
Other financing activities 5 (29)
Net cash flows used in financing activities (79) (232)
Net increase / (decrease) in cash and cash equivalents 7 (151)
Cash and cash equivalents - beginning of period 147 439
Effect of exchange rate changes on cash and cash equivalents 2  
Cash and cash equivalents - end of period € 156 € 290