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Trade and other receivables | 12 Months Ended
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Dec. 31, 2021
Trade and other receivables [abstract] |
Trade and other receivables | Trade and other receivables
| 2021 |  | 2020
| (in € millions)
Trade receivables | 443 |  |  | 323 |
Less: allowance for expected credit losses | (6) |  |  | (4) |
Trade receivables – net | 437 |  |  | 319 |
Other | 184 |  |  | 145 |
Total | 621 |  |  | 464 |
Trade receivables are non-interest bearing and generally have 30-day payment terms. Due to their comparatively short maturities, the carrying value of trade and other receivables approximate their fair value. The aging of the Group’s net trade receivables is as follows:
| 2021 |  | 2020
| (in € millions)
Current | 268 |  |  | 218 |
Overdue 1 – 30 days | 86 |  |  | 62 |
Overdue 31 – 60 days | 43 |  |  | 26 |
Overdue 60 – 90 days | 17 |  |  | 8 |
Overdue more than 90 days | 23 |  |  | 5 |
| 437 |  |  | 319 |
The movements in the Group’s allowance for expected credit losses are as follows:
| 2021 |  | 2020
| (in € millions)
At January 1 | 4 |  |  | 5 |
Provision for expected credit losses | 7 |  |  | 7 |
Reversal of unutilized provisions | (2) |  |  | (5) |
Receivables written off | (3) |  |  | (3) |
At December 31 | 6 |  |  | 4 |
The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables mentioned above. The Group does not hold any collateral as security.

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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- References No definition available. + Details
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