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Related parties and variable interest entities (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of related party transactions The below table shows the outstanding balances with Carl Zeiss SMT Holding GmbH & Co. KG and its subsidiaries in
our Consolidated balance sheets, as well as our maximum exposure to losses:
Year ended December 31 (€, in millions)
2024
2025
Maximum
exposure to loss
Advance payments included in Other assets
1,415.7
1,191.9
1,191.9
Loans receivable
1,440.8
1,907.5
1,907.5
Investment agreement for 24.9% equity
903.0
822.6
822.6
Accounts receivable
70.8
1.1
1.1
Accounts payable
955.8
1,085.8
Cost to be paid included in Accrued and other liabilities
199.9
123.0
The Advance payments included in Other assets includes €330.9 million related to amounts paid prior to the 2021
framework agreement. Our maximum exposure to loss related to our involvement in Carl Zeiss SMT Holding GmbH &
Co. KG as a VIE includes the carrying value of each of the assets, as well as the risk of any future operating losses of
Carl Zeiss SMT Holding GmbH & Co. KG, which cannot be quantified.
The total purchases from Carl Zeiss SMT Holding GmbH & Co. KG and its subsidiaries are as follows:
Year ended December 31 (€, in millions)
2023
2024
2025
Total purchases
3,325.9
3,946.5
4,406.9