Debt Maturity

Debt Maturity Profile - December 31, 2021 (€ million)

Net Debt

€ Million December 31, 2021 December 31, 2020
Total bonds and other long-term debt 2,791  2,300
Long-term lease liabilities

260 

276
Total short-term debt 81  531
Gross debt 3,132  3,107
Cash and cash equivalents (1,001)  (723)
Deferred divestment consideration (1)
Derivative financial instruments -
Net debt 2,131  2,383

Debt Structure

Outstanding Debt By Instrument Per December 31, 2021 (€ Million) By Currency Per December 31, 2021
Bonds 2,626 84% Euro 87%
Private placements 153 5% U.S. dollar 7%
Lease liabilities (long- and short-term) 331 10% JPY 5%
Euro Commercial Paper (ECP) - 0% Other 1%
Other loans 22 1%
Gross debt 3,132 100% 100%
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