Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 1,069 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 2,569 |
|---|
*Sound liquidity margin covering > 3 years of debt maturity
Gross Debt Maturity
€ million
Debt Currency Mix2
Share of debt
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.
Net Financial Position
€ million
| Gross debt | Financial Assets | Net Financial Position | |
|---|---|---|---|
| Loan | 1,196 | Liquidity position (1,069) | |
| Bond | 1,194 | ||
| IFRS 16 | 459 | Financial receivables & other (149) | |
| Other | 285 | ||
| Total | 3,134 | (1,218) | 1,916 |
Liquidity Profile
€ million
| Liquidity position1 | 1,069 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 2,569 |
|---|
Gross Debt Maturity
€ million
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | - | 599 | - | - | 597 | 1,196 |
| Bond | - | - | 598 | 596 | - | - | 1,194 |
| IFRS 16 | 109 | 91 | 68 | 43 | 25 | 122 | 458 |
| Other | 231 | 55 | - | - | - | - | 285 |
| Total | 340 | 146 | 1,265 | 639 | 25 | 719 | 3,134 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 85% | 4% | 3% | 1% | 2% | 2% | 3% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.