Leases (Tables)

12 Months Ended

Dec. 31, 2020

Below is the roll-forward of lease right-of-use assets:


Right of use assets
			(in € millions)
Cost
At January 1, 2019			471
Increases			138
Acquired in business combinations			11
Decreases			(39)
Exchange differences			6
At December 31, 2019			587
Increases			29
Acquired in business combinations			3
Decreases			(3)
Exchange differences			(35)
At December 31, 2020			581
Accumulated depreciation
At January 1, 2019			(75)
Depreciation charge			(42)
Decreases			21
Exchange differences			(2)
At December 31, 2019			(98)
Depreciation charge			(49)
Decreases			3
Exchange differences			7
At December 31, 2020			(137)
Cost, net accumulated depreciation
At December 31, 2019			489
At December 31, 2020			444

Below is the roll-forward of lease liabilities:


Lease liabilities	2020	2019
	(in € millions)
At January 1	628	541
Increases	32	147
Acquired in business combinations	3	11
Payments (1)	(79)	(54)
Interest expense	41	38
Decreases	—	(28)
Lease incentives received (1)	20	15
Increases in lease incentives receivable	(1)	(47)
Exchange differences	(36)	5
At December 31	608	628

(1)Included within the consolidated statement of cash flows

Below

Below is the maturity analysis of lease liabilities:


Lease liabilities			December 31, 2020
Maturity Analysis			(in € millions)
Less than one year			79
One to five years			329
More than five years			480
Total lease commitments			888
Impact of discounting remaining lease payments			(290)
Lease incentives receivable			10
Total lease liabilities			608
Lease liabilities included in the consolidated statement of financial position
Current			31
Non-current			577
Total			608