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Right-of-use assets and lease liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Right-of-Use Asset Operating/Finance Lease by Category Right-of-use assets consist of the following leases:
Year ended December 31 (€, in millions)
2022
2023
Properties
148.9
270.3
Cars
5.1
5.4
Warehouses
38.0
30.3
Other
0.7
0.6
Right-of-use assets
192.7
306.6
Year ended December 31 (€, in millions)
2022
2023
Current
47.6
46.7
Non-current
151.5
181.2
Lease liabilities
199.1
227.9
Schedule of lease cost The Consolidated Statements of Operations include the following lease expenses:
Year ended December 31 (€, in millions)
2021
2022
2023
Properties
52.2
52.3
40.4
Cars
4.8
2.7
5.9
Warehouses
3.0
4.0
5.9
Other
2.4
1.4
0.8
Lease expenses
62.4
60.4
53.0
The total cash flows relating to the leases are as follows:
Year ended December 31 (€, in millions)
2021
2022
2023
Total cash flows
68.9
57.9
148.2
The total cash flow increased in 2023 compared to 2022 due to a prepayment of a new land lease €85 million.
The weighted average remaining lease term and weighted average discount rate related to the leases are as follows:
Year ended December 31 (€, in millions)
2021
2022
2023
Weighted average remaining lease term (months)
62
67
365
Weighted average discount rate (%)
1.9%
2.2%
2.5%