Finance income (expense) (Tables)

12 Months Ended

Dec. 31, 2023

Finance income (expense)

Schedule of finance income (expense)

(€ million)	2023		2022		2021
Finance income	7,417		8,450		3,723
Finance expense	(8,113	)	(9,333	)	(4,216	)
Net finance income (expense) from financial assets at fair value through profit or loss	284		(55	)	11
Income (expense) from derivative financial instruments	(61	)	13		(306	)
Finance income (expense)	(473	)	(925	)	(788	)

Schedule of analysis of finance income (expense)

(€ million)	2023		2022		2021
Finance income (expense) related to net borrowings
Interest and other finance expense on ordinary bonds	(667	)	(507	)	(475	)
Net finance income (expense) on financial assets held for trading	250		(53	)	11
Net expenses on other financial assets valued at fair value with effects on profit and loss	34		(2	)
Interest and other expense due to banks and other financial institutions	(207	)	(128	)	(94	)
Interest on lease liabilities	(267	)	(315	)	(304	)
Interest from banks	356		57		4
Interest and other income on financial receivables and securities held for non-operating purposes	14		9		9
	(487	)	(939	)	(849	)
Exchange differences	255		238		476
Income (expense) from derivative financial instruments	(61	)	13		(306	)
Other finance income (expense)
Interest and other income on financing receivables and securities held for operating purposes	153		128		67
Capitalized finance expense	94		38		68
Finance expense due to the passage of time (accretion discount) (a)	(341	)	(199	)	(144	)
Other finance income (expense)	(86	)	(204	)	(100	)
	(180	)	(237	)	(109	)
	(473	)	(925	)	(788	)