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Consolidated balance sheets - EUR (€)
€ in Millions
Dec. 31, 2018
Dec. 31, 2017
Statement of financial position [abstract]    
Property, plant and equipment € 1,712 € 1,591
Goodwill 8,503 7,731
Intangible assets excluding goodwill 3,589 3,322
Non-current receivables 162 130
Investments in associates 244 142
Other non-current financial assets 360 587 [1]
Non-current derivative financial assets 1 22
Deferred tax assets 1,828 1,598
Other non-current assets 47 75
Total non-current assets 16,447 15,198
Inventories 2,674 2,353
Current financial assets 436 2
Other current assets 469 392
Current derivative financial assets 36 57
Income tax receivable 147 109
Current receivables 4,035 3,909
Assets classified as held for sale 87 1,356
Cash and cash equivalents [2] 1,688 1,939
Total current assets 9,572 10,117
Total assets 26,019 25,315
Equity 12,088 11,999
Common shares 185 188
Reserves 548 385
Other 11,355 11,426
Non-controlling interests 29 24
Group equity 12,117 12,023
Long-term debt 3,427 4,044
Non-current derivative financial liabilities 114 216
Long-term provisions 1,788 1,659
Deferred tax liabilities 152 33
Non-current contract liabilities 226 [3] 249
Other non-current liabilities [3] 253 474
Total non-current liabilities 5,959 6,426
Short-term debt 1,394 672
Current derivative financial liabilities 176 167
Income tax payable 118 83
Accounts payable 2,303 [4],[5] 2,090
Accrued liabilities [3] 1,537 2,319
Current contract liabilities 1,303 [3] 1,163
Short-term provisions 363 400
Liabilities directly associated with assets held for sale 12 8
Other current liabilities [3] 737 1,126
Total current liabilities 7,943 6,866
Total liabilities and group equity € 26,019 € 25,315
[1] Refer to IFRS 9 disclosure in Significant accounting policies note for the impact of IFRS 9 on 2018 opening balance.
[2] The accompanying notes are an integral part of these consolidated financial statements. For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for the respective items
[3] Due to IFRS 15 adoption, contractual liabilities are shown as separate captions on the balance sheet as of 2018. For more details refer to the Significant accounting policies.
[4] Amounts in this table are undiscounted
[5] This table excludes post-employment benefit plan contribution commitments and income tax liabilities in respect of tax risks because it is not possible to make a reasonably reliable estimate of the actual period of cash settlement