Debt Maturity

Debt Maturity Profile - December 31, 2020 (€ million)

Net Debt

€ Million December 31, 2020 December 31, 2019
Total bonds and other long-term debt 2,300 1,818
Long-term lease liabilities 276 293
Total short-term debt 531 1,005
Gross debt 3,107 3,116
Cash and cash equivalents (723) (899)
Deferred divestment consideration (1)
Derivative financial instruments 0 (18)
Net debt 2,383 2,199

Debt Structure

Outstanding Debt By Instrument Per December 31, 2020 (€ Million) By Currency Per December 31, 2020
Bonds 2,126 69% Euro 87%
Private placements 157 5% U.S. dollar 7%
Lease liabilities (long- and short-term) 348 11% JPY 5%
Euro Commercial Paper (ECP) 100 3% Other 1%
Other loans 512 12%
Gross debt 3,107 100% 100%