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Income tax (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Of Income Tax [Abstract]  
Summary of Income Tax Expense (Benefit)
202120202019
(in € millions)
Current tax expense
Current year37 25 45 
Changes in estimates in respect to prior year2 (9)(1)
39 16 44 
Deferred tax (benefit)/expense
Temporary differences5 (137)27 
Change in recognition of deferred tax241 (7)(17)
Change in tax rates(1)— 1 
Changes in estimates in respect to prior years(1)— — 
244 (144)11 
Income tax expense/(benefit)283 (128)55 
Summary of Reconciliation Between Reported Tax Expense and Theoretical Tax Expense Loss Before Taxes
A reconciliation between the reported tax expense for the year, and the theoretical tax expense that would arise when applying the statutory tax rate in Luxembourg of 24.94% to the consolidated income before tax for each of the years ended December 31, 2021, 2020, and 2019 is shown in the table below:
202120202019
(in € millions)
Income/(loss) before tax249 (709)(131)
Tax using the Luxembourg tax rate62 (177)(33)
Effect of tax rates in foreign jurisdictions1 12 2 
Permanent differences(35)54 58 
Change in unrecognized deferred taxes239 (9)29 
Adjustments in respect of previous years1 (9)(1)
Foreign withholding taxes12 1 — 
Other3 — — 
Income tax expense/(benefit)283 (128)55 
Schedule of Major Components of Deferred Tax Assets and Liabilities
The major components of deferred tax assets and liabilities are comprised of the following:
20212020
(in € millions)
Intangible assets(66)(61)
Share-based compensation8 27 
Tax losses carried forward53 224 
Property and equipment58 91 
Unrealized (gains)/losses(43)(276)
Other3 10 
Net deferred tax assets13 15 
Summary of Reconciliation of Net Deferred Tax
A reconciliation of net deferred tax is shown in the table below:
202120202019
(in € millions)
At January 115 7 6 
Movement recognized in consolidated statement of
   operations		(240)144 (11)
Movement recognized in consolidated statement of
   changes in equity and other comprehensive income		239 (136)18 
Movement due to acquisition(1)— (6)
At December 3113 15 7 
Summary of Deferred Tax Reconciliation to Balance Sheet
Reconciliation to consolidated statement of financial position20212020
 (in € millions)
Deferred tax assets13 15 
Summary of Deferred Tax Assets Unrecognized
Deferred tax assets have not been recognized in respect of the following items, because it is not probable that future taxable profit will be available against which entities within the Group can use the benefits.
20212020
(in € millions)
Intangible assets74 72 
Share-based compensation122 198 
Tax losses carried forward316 201 
Tax credits carried forward51 28 
Unrealized (gains)/ losses7 1 
Other60 35 
Total630 535 
Schedule of Tax Loss Carry-forwards Expected to Expire
Tax loss and credit carry-forwards as at December 31, 2021 were expected to expire as follows:
Expected expiry2022 - 20312032 and onwardsUnlimitedTotal
(in € millions)
Tax loss carry-forwards— 473 1,426 1,899 
Research and development credit carry-forward— 52 — 52