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v3.26.1

Consolidated balance sheet - EUR (€) € in Millions | Jun. 30, 2026 | Dec. 31, 2025 | Jun. 30, 2025
--- | --- | --- | ---
Non-current assets |  |  |
Goodwill | € 18,515 | € 17,709 | € 20,611
Intangible assets | 17,560 | 17,055 | 17,430
Property, plant and equipment | 9,356 | 8,992 | 10,940
Pension asset for funded schemes in surplus | 4,661 | 4,462 | 4,083
Deferred tax assets | 1,082 | 1,146 | 1,110
Financial assets | 3,322 | 3,065 | 1,570
Other non-current assets | 1,048 | 976 | 1,065
Total non-current assets | 55,544 | 53,405 | 56,809
Current assets |  |  |
Inventories | 4,522 | 4,043 | 5,502
Trade and other current receivables | 10,201 | 7,346 | 7,691
Current tax assets | 337 | 329 | 389
Cash and cash equivalents | 4,726 | 3,941 | 4,344
Other financial assets | 1,322 | 1,121 | 1,123
Assets held for sale | 281 | 286 | 141
Total current assets | 21,389 | 17,066 | 19,190
Total assets | 76,933 | 70,471 | 75,999
Current liabilities |  |  |
Financial liabilities | 8,142 | 2,582 | 7,155
Trade payables and other current liabilities | 19,311 | 16,939 | 16,297
Current tax liabilities | 912 | 1,439 | 903
Provisions | 526 | 589 | 698
Liabilities held for sale | 0 | 113 | 46
Total current liabilities | 28,891 | 21,662 | 25,099
Non-current liabilities |  |  |
Financial liabilities | 23,968 | 25,696 | 24,870
Non-current tax liabilities | 359 | 303 | 399
Pensions and post-retirement healthcare liabilities: |  |  |
Funded schemes in deficit | 82 | 100 | 93
Unfunded schemes | 831 | 844 | 938
Provisions | 536 | 539 | 537
Deferred tax liabilities | 3,857 | 3,603 | 3,929
Other non-current liabilities | 102 | 137 | 203
Total non current liabilities | 29,735 | 31,222 | 30,969
Total liabilities | 58,626 | 52,884 | 56,068
Equity |  |  |
Shareholders’ equity | 16,194 | 15,530 | 17,795
Non-controlling interests | 2,113 | 2,057 | 2,136
Total equity | 18,307 | 17,587 | 19,931
Total liabilities and equity | € 76,933 | € 70,471 | € 75,999

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- Definition The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2025-01-01 -Paragraph 134 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2025-en-r&anchor=para_134_a&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2025-01-01 -Paragraph 135 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2025-en-r&anchor=para_135_a&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2025-01-01 -Paragraph B67 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2025-en-r&anchor=para_B67_d&doctype=Appendix&subtype=B -URIDate 2025-03-27 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 254 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_254_a&doctype=Standard -URIDate 2025-03-27 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 255 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_255_a&doctype=Standard -URIDate 2025-03-27 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 254 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_254_a&doctype=Standard -URIDate 2025-03-27 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 255 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_255_a&doctype=Standard -URIDate 2025-03-27 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 37 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_37&doctype=Standard -URIDate 2025-03-27 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 37 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_37&doctype=Standard -URIDate 2025-03-27 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 54 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_54_c&doctype=Standard -URIDate 2025-03-27 + Details
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