Information on net borrowings

12 Months Ended

Dec. 31, 2023

20 Information on net borrowings

(€ million)	December 31, 2023		December 31, 2022
A. Cash	3,731		3,351
B. Cash equivalents	6,462		6,804
C. Other current financial assets	7,637		9,736
D Liquidity (A+B+C)	17,830		19,891
E. Current financial debt	6,057		6,588
F. Current portion of non-current financial debt	2,084		1,839
G. Current financial indebtedness (E+F)	8,141		8,427
H. Net current financial indebtedness (G-D)	(9,689	)	(11,464	)
I. Non-current financial debt	5,472		6,073
J. Debt instruments	20,452		17,368
K. Non‐current trade and other payables
L. Non-current financial indebtedness (I+J+K)	25,924		23,441
M. Total financial indebtedness (H+L)	16,235		11,977

Cash and cash equivalents include €205 million (€97 million at December 31, 2022) subject to foreclosure measures and payment guarantees.

Other current financial assets include: (i) financial assets at fair value through profit or loss, disclosed in note 7 – Financial assets at fair value through profit or loss; (ii) financing receivables,disclosed in note 17 – Other financial assets.

Current and non-current debts are disclosed in note 19 – Finance debts.

Current portion of non-current financial debt and non-current financial debt include lease liabilities of €1,128 million and €4,208 million (€884 million and €4,067 million at December 31, 2022, respectively), of which €480 million (€494 million at December 31, 2022) related to the share of joint operators in upstream projects operated by Eni which will be recovered through a partner cash-call billing process. More information on lease liabilities is reported in note 13 – Right-of-use assets and lease liabilities.