Leases (Tables)

12 Months Ended

Dec. 31, 2021

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


Right of use assets
			(in € millions)
Cost
At January 1, 2020			587
Increases			29
Acquired in business combinations			3
Decreases			(3)
Exchange differences			(35)
At December 31, 2020			581
Increases			23

Decreases			(2)
Exchange differences			30
At December 31, 2021			632
Accumulated depreciation
At January 1, 2020			(98)
Depreciation charge			(49)
Decreases			3
Exchange differences			7
At December 31, 2020			(137)
Depreciation charge			(53)
Decreases			2
Exchange differences			(7)
At December 31, 2021			(195)
Cost, net accumulated depreciation
At December 31, 2020			444
At December 31, 2021			437

Below is the roll-forward of lease liabilities:


Lease liabilities	2021	2020
	(in € millions)
At January 1	608	628
Increases	23	32
Acquired in business combinations	—	3
Payments (1)	(85)	(79)
Interest expense	40	41

Lease incentives received (1)	7	20
Increases in lease incentives receivable	(2)	(1)
Exchange differences	32	(36)
At December 31	623	608

(1)Included within the consolidated statement of cash flows

Below is the maturity analysis of lease liabilities:


Lease liabilities			December 31, 2021
Maturity Analysis			(in € millions)
Less than one year			90
One to five years			360
More than five years			433
Total lease commitments			883
Impact of discounting remaining lease payments			(254)
Lease incentives receivable			(6)
Total lease liabilities			623
Lease liabilities included in the consolidated statement of financial position
Current			44
Non-current			579
Total			623