XML 533 R133.htm IDEA: XBRL DOCUMENT v3.24.0.1
Treasury risk management - Narrative (Details)
€ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
EUR (€)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Disclosure Of Treasury Risk Management [Line Items]          
Future minimum sublease payments expected to be received € 23 € 42      
Retranslation impact from net investment in group companies 2,620 2,370      
Finance cost € 486 493 € 354    
Revolving Credit Facility          
Disclosure Of Treasury Risk Management [Line Items]          
Period of undrawn revolving bilateral credit facility (in days) 364 days        
Revolving credit facility € 2,600 2,550   $ 5,200 $ 5,200
Hedges on the net investment in foreign operations          
Disclosure Of Treasury Risk Management [Line Items]          
Credit exposure 26,200 23,700      
Commodity price risk          
Disclosure Of Treasury Risk Management [Line Items]          
Commodity derivatives 342 576      
Cumulative gain (loss) € 79 (197)      
Percentage of possible increase in risk assumption 10.00%     10.00%  
Percentage of possible decrease in risk assumption 10.00%     10.00%  
Commodity price risk | Adjustment basis to inventory purchased          
Disclosure Of Treasury Risk Management [Line Items]          
Cumulative gain (loss) € 34 (103)      
Commodity price risk | Cash flow hedges          
Disclosure Of Treasury Risk Management [Line Items]          
Gain (loss) in cash flow hedge reserve € 40 58      
Currency risk          
Disclosure Of Treasury Risk Management [Line Items]          
Percentage of possible increase in risk assumption 10.00%     10.00%  
Percentage of possible decrease in risk assumption 10.00%     10.00%  
Financial assets and liabilities other than functional currency amount € 254 315      
Percentage of possible increase/decrease in risk assumption 10.00%     10.00%  
Net foreign exchange loss € 25 32      
Net investment in foreign operations 13,000 13,000      
Net Investment in foreign operations in GBP 9,000 8,800      
Currency risk | Cash flow hedges          
Disclosure Of Treasury Risk Management [Line Items]          
Impact on equity - trade-related cash flow hedges 142 99      
Currency risk | Hedges on the net investment in foreign operations          
Disclosure Of Treasury Risk Management [Line Items]          
Net investment hedges nominal value 2,600 2,800      
Impact on equity - net investment hedges € 260 280      
Interest rate risk          
Disclosure Of Treasury Risk Management [Line Items]          
Percentage of possible increase in risk assumption 1.00%     1.00%  
Percentage of possible decrease in risk assumption 1.00%     1.00%  
Finance cost € 77 € 85      
Average interest rate on short term borrowings 5.90% 1.20%      
Interest rate risk | 2023          
Disclosure Of Treasury Risk Management [Line Items]          
Interest rate fixed on expected financial liability 70.00% 59.00%      
Interest rate risk | 2024          
Disclosure Of Treasury Risk Management [Line Items]          
Interest rate fixed on expected financial liability 59.00%        
Interest rate risk | 2022          
Disclosure Of Treasury Risk Management [Line Items]          
Interest rate fixed on expected financial liability   68.00%      
Interest rate risk | Cash flow hedges          
Disclosure Of Treasury Risk Management [Line Items]          
Debit in equity from derivatives in cash flow hedge € 7 € 1      
Credit in equity from derivatives in cash flow hedge € 8 € 1