XML 430 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
Accrued and other liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Accrued Liabilities and Other Liabilities [Abstract]  
Accrued and Other Liabilities Accrued and other liabilities consist of the following:
Year ended December 31 (€, in millions)
2022
2023
Costs to be paid1
511.6
632.7
Personnel-related items
1,070.9
1,328.5
Derivative financial instruments2
261.2
156.7
Operating lease liabilities3
196.7
227.2
Provisions
90.5
76.7
Standard warranty reserve
143.6
142.3
Other
56.3
14.4
Accrued and other liabilities
2,330.8
2,578.5
Less: non-current portion of accrued and other liabilities
454.9
401.2
Current portion of accrued and other liabilities 
1,875.9
2,177.4
1.Costs to be paid includes an amount payable to related parties. For further details see Note 26 Related parties and variable interest entities.
2.For further details on derivative financial instruments see Note 25 Financial risk management.
3.For further details on lease liabilities see Note 14 Right-of-use assets and lease liabilities.
Changes in Standard Warranty Reserve Total changes in standard warranty reserve for the
years 2023 and 2022, are as follows:
Year ended December 31 (€, in millions)
2022
2023
Balance at beginning of year
145.3
143.6
Additions for the year
191.5
232.2
Utilization of the reserve
(193.5)
(233.3)
Effect of exchange rates
0.3
(0.2)
Balance at end of year
143.6
142.3