Debt Maturity

Debt Maturity Profile - June 30, 2020 (€ million)

Net Debt

€ Million June 30, 2020 December 31, 2019
Total bonds and other long-term debt 1,819 1,818
Long-term lease liabilities 294 293
Total short-term debt 1,119 1,005
Gross debt 3,232 3,116
Cash and cash equivalents (978) (899)
Derivative financial instruments (7) (18)
Net debt 2,247 2,199

Debt Structure

Outstanding Debt By Instrument Per June 30, 2020 (€ Million) By Currency Per June 30, 2020
Bonds 1,630 51% Euro 86%
Private placements 415 13% U.S. dollar 8%
Lease liabilities (long- and short-term) 370 11% JPY 5%
Euro Commercial Paper (ECP) 305 9% Other 1%
Other loans 512 16%
Gross debt 3,232 100% 100%