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Consolidated balance sheets - EUR (€)
€ in Millions
Dec. 31, 2019
Dec. 31, 2018
Statement of financial position [abstract]    
Property, plant and equipment [1] € 2,866 € 1,712
Goodwill 8,654 8,503
Intangible assets excluding goodwill 3,466 3,589
Non-current receivables 178 162
Investments in associates 233 244
Other non-current financial assets 248 360
Non-current derivative financial assets 1 1
Deferred tax assets 1,865 1,828
Other non-current assets 47 47
Total non-current assets 17,557 16,447
Inventories 2,773 2,674
Other current financial assets 1 436
Other current assets 476 469
Current derivative financial assets 38 36
Income tax receivable 177 147
Current receivables 4,554 4,035
Assets classified as held for sale 13 87
Cash and cash equivalents [2],[3] 1,425 1,688
Total current assets 9,459 9,572
Total assets 27,016 26,019
Equity [2] 12,597 12,088
Common shares 179 185
Reserves 652 548
Other 11,766 11,355
Non-controlling interests [2] 28 29
Group equity [2] 12,625 12,117
Long-term debt [1],[2] 4,939 3,427
Non-current derivative financial liabilities 124 114
Long-term provisions 1,603 1,788
Deferred tax liabilities 143 152
Non-current contract liabilities 348 226
Non-current tax liabilities [4] 186 181
Other non-current liabilities 71 72
Total non-current liabilities 7,413 5,959
Short-term debt [1],[2] 508 1,394
Current derivative financial liabilities 67 176
Income tax payable 100 118
Accounts payable 2,089 [5],[6] 2,303
Accrued liabilities 1,632 1,537
Current contract liabilities 1,170 1,303
Short-term provisions 556 363
Liabilities directly associated with assets held for sale 0 12
Other current liabilities 856 737
Total current liabilities 6,978 7,943
Total liabilities and group equity € 27,016 € 26,019
[1] Includes the impact of IFRS 16 lease accounting following its adoption as of January 1, 2019. For more details refer to the Significant accounting policies
[2] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[3] 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
[4] Due to IFRIC 23 adoption, non-current tax liabilities are now shown as a separate caption on the balance sheet. For more details refer to the Significant accounting policies
[5] Amounts in this table are undiscounted
[6] 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