Debt Maturity

Debt Maturity Profile – June 30, 2023 (€ million)

Net Debt

€ Million June 30, 2023  December 31, 2022
Total bonds and other long-term debt 2,864 2,586
Long-term lease liabilities 216

244

Total short-term debt (including short-term bonds) 509 787
Gross debt 3,589 3,617
Cash and cash equivalents (1,115) (1,346) 
Derivative financial instruments (8) (18)
Net debt 2,466 2,253 

Debt Structure

Outstanding Debt By Instrument Per June 30, 2023 (€ Million) By Currency Per June 30, 2023
Bonds 3,122 87% Euro 90%
Private placements 127 4% U.S. dollar 5%
Lease liabilities (long- and short-term) 286 8% JPY 4%
Euro Commercial Paper (ECP) 0 0% Other 1%
Other loans 54 1%
Gross debt 3,589 100% 100%
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