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Consolidated cash flow statement - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of cash flows [abstract]      
Net profit € 7,140 € 8,269 € 6,621
Taxation 2,199 2,068 1,935
Share of net profit of joint ventures/associates and other income/(loss) from non-current investments (209) (232) (282)
Net monetary (gain)/loss arising from hyperinflationary economies 142 157 74
Net finance costs 486 493 354
Operating profit 9,758 10,755 8,702
Depreciation, amortisation and impairment 1,579 1,946 1,763
Changes in working capital: 814 (422) (47)
Inventories 340 (1,398) (458)
Trade and other receivables 768 (1,852) (307)
Trade payables and other liabilities (294) 2,828 718
Pensions and similar obligations less payments (281) (119) (183)
Provisions less payments (185) 203 (61)
Elimination of (profits)/losses on disposals (433) (2,335) 23
Non-cash charge for share-based compensation 212 177 161
Other adjustments 97 (116) (53)
Cash flow from operating activities 11,561 10,089 10,305
Income tax paid (2,135) (2,807) (2,333)
Net cash flow from operating activities 9,426 7,282 7,972
Interest received 267 287 148
Purchase of intangible assets (243) (253) (232)
Purchase of property, plant and equipment (1,502) (1,456) (1,108)
Disposal of property, plant and equipment 42 82 101
Acquisition of businesses and investments in joint ventures and associates (704) (979) (2,131)
Disposal of businesses, joint ventures and associates 436 4,622 43
Acquisition of other non-current investments (533) (170) (142)
Disposal of other non-current investments 62 266 137
Dividends from joint ventures, associates and other non-current investments 239 185 185
(Purchase)/sale of financial assets (358) (131) (247)
Net cash flow (used in)/from investing activities (2,294) 2,453 (3,246)
Dividends paid on ordinary share capital (4,363) (4,329) (4,483)
Interest paid (899) (744) (488)
Net change in short-term borrowings (570) (545) 656
Additional financial liabilities 4,972 7,776 4,748
Repayment of financial liabilities (3,905) (8,440) (3,550)
Capital element of lease rental payments (394) (518) (464)
Repurchase of shares (1,507) (1,509) (3,018)
Other financing activities [1] (527) (581) (500)
Net cash flow (used in)/from financing activities (7,193) (8,890) (7,099)
Net increase/(decrease) in cash and cash equivalents (61) 845 (2,373)
Cash and cash equivalents at the beginning of the year 4,225 3,387 5,475
Effect of foreign exchange rate changes (119) (7) 285
Cash and cash equivalents at the end of the year € 4,045 € 4,225 € 3,387
[1] Other financing activities include cash paid for the purchase of non-controlling interests and dividends paid to minority interests.