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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of cash flows [abstract]      
Net income / (loss) € 308 € 262 € (17)
Adjustments      
Depreciation and amortization 287 267 259
Impairment of assets 0 0 43
Pension and other post-employment benefits service costs (22) 64 34
Finance costs - net 131 167 159
Income tax (benefit) / expense (105) 55 (17)
Unrealized losses / (gains) on derivatives - net and from remeasurement of monetary assets and liabilities - net 47 (36) (18)
Losses on disposal 4 3 4
Other - net 17 11 19
Change in working capital      
Inventories (241) (435) 63
Trade receivables 155 (227) 36
Trade payables 41 396 (38)
Other 13 5 (10)
Change in provisions (10) (7) 1
Pension and other post-employment benefits paid (44) (43) (53)
Interest paid (113) (128) (140)
Income tax (paid) / refunded (17) 3 9
Net cash flows from operating activities 451 357 334
Purchases of property, plant and equipment (273) (232) (182)
Property, plant and equipment grants received 4 10 5
Proceeds from disposals, net of cash 0 1 1
Other investing activities (1) 0 0
Net cash flows used in investing activities (270) (221) (176)
Proceeds from issuance of long-term borrowings 0 712 472
Repayments of long-term borrowings (192) (1,052) (209)
Net change in revolving credit facilities and short-term borrowings 72 (5) (110)
Lease repayments (37) (32) (35)
Payment of financing costs and redemption fees (1) (30) (9)
Transactions with non-controlling interests (2) (2) 0
Other financing activities (3) (26) (8)
Net cash flows (used in) / from financing activities (163) (435) 101
Net increase / (decrease) in cash and cash equivalents 18 (299) 259
Cash and cash equivalents - beginning of period 147 439 184
Reclassification as assets of disposal group classified as held for sale (1) 0 0
Effect of exchange rate changes on cash and cash equivalents 2 7 (4)
Cash and cash equivalents - end of year € 166 € 147 € 439