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Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Financial Instruments

Disclosure of fair value measurement [text block]

		December 31, 2017												December 31, 2016
(€ million)		Fair value asset				Fair value liability				Level of Fair value				Fair value asset				Fair value liability				Level of Fair value
Non-hedging derivatives
Derivatives on exchange rate
- Currency swap			170				86				2				188				268				2
- Interest currency swap			41				45				2				38				83				2
- Outright			3				5				2				17				15				2
			214				136								243				366
Derivatives on interest rate
- Interest currency swap			9				5				2				10				12				2
			9				5								10				12
Derivatives on commodities
- Future			796				771				1				624				611				1
- Over the counter			81				97				2				133				120				2
- Options																			1				2
- Other			1				2				2				4				5				2
			878				870								761				737
			1,101				1,011								1,014				1,115
Trading derivatives
Derivatives on commodities
- Over the counter			683				829				2				1,495				1,490				2
- Future			395				390				1				561				574				1
- Options			133				114				2				211				157				2
			1,211				1,333								2,267				2,221
Cash flow hedge derivatives
Derivatives on commodities
- Over the counter			227				21				2				309				150				2
- Future			35								1				1				18				1
			262				21								310				168
Option embedded in convertible bonds			16				16				2				46				46				2
Gross amount			2,590				2,381								3,637				3,550
Offsetting			(1,279	)			(1,279	)							(1,281	)			(1,281	)
Net amount			1,311				1,102								2,356				2,269
Of which:
- current			1,231				1,011								2,248				2,108
- non-current			80				91								108				161