Debt Maturity

Debt Maturity Profile - December 31, 2022 (€ million)

Net Debt

€ Million December 31, 2022  December 31, 2021
Total bonds and other long-term debt 2,586 2,791 
Long-term lease liabilities 244

260 

Total short-term debt (including short-term bonds) 787 81 
Gross debt 3,617 3,132 
Cash and cash equivalents (1,346) (1,001) 
Derivative financial instruments (18)
Net debt 2,253 2,131 

Debt Structure

Outstanding Debt By Instrument Per December 31, 2022 (€ Million) By Currency Per December 31, 2022
Bonds 3,126 86% Euro 89%
Private placements 142 4% U.S. dollar 6%
Lease liabilities (long- and short-term) 313 9% JPY 4%
Euro Commercial Paper (ECP) - 0% Other 1%
Other loans 36 1%
Gross debt 3,617 100% 100%
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