XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.2
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Statement of cash flows [abstract]    
Net income / (loss) € 54 € 147
Adjustments    
Depreciation and amortization 144 136
Pension and other post-employment benefits service costs 11 11
Finance costs - net 70 62
Income tax expense 17 35
Unrealized losses on derivatives - net and from remeasurement of monetary assets and liabilities - net 28 85
Losses on disposal 6 1
Other - net 10 8
Change in working capital    
Inventories 150 (256)
Trade receivables (224) (287)
Trade payables (14) 325
Other 6 4
Change in provisions (2) (4)
Pension and other post-employment benefits paid (19) (21)
Interest paid (63) (54)
Income tax paid (7) (23)
Net cash flows from operating activities 167 169
Purchases of property, plant and equipment (134) (84)
Property, plant and equipment grants received 1 1
Net cash flows used in investing activities (133) (83)
Repayments of long-term borrowings (5) (186)
Net change in revolving credit facilities and short-term borrowings 7 124
Lease repayments (16) (20)
Transactions with non-controlling interests (3) (2)
Other financing activities (2) 5
Net cash flows used in financing activities (19) (79)
Net increase in cash and cash equivalents 15 7
Cash and cash equivalents - beginning of period 166 147
Transfer of cash and cash equivalents classified from / (to) assets classified as held for sale (1) 0
Effect of exchange rate changes on cash and cash equivalents (2) 2
Cash and cash equivalents - end of period € 178 € 156