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Payables and Other Current Liabilities (Tables)
 12 Months Ended
Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
Schedule of Composition of Payables and Other Current Liabilities
The breakdown of "Payables and other current liabilities" of the Telefónica Group at December 31, 2023 and December 31, 2022 and the opening balance as of January 1, 2023 after the impacts of first application of IFRS 17 (see Note 3) is as follows:
Millions of euros12/31/202312/31/2022First application of IFRS 17 impact01/01/2023
Payables12,138 12,018 (197)11,821 
Trade payables7,693 7,545 (197)7,348 
Payables to suppliers of property, plant and equipment2,763 2,841 — 2,841 
Debt for spectrum acquisition218 248 — 248 
Other payables1,176 1,088 — 1,088 
Dividends pending payment166 203 — 203 
Payables to associates and joint ventures (Note 10)122 93 — 93 
Other current liabilities1,819 1,491 198 1,689 
Contract liabilities (Note 23)1,035 1,038 — 1,038 
Deferred revenue 98 102 — 102 
Advances received465 350 — 350 
Short-term insurance and reinsurance contracts liabilities197 — 198 198 
Short-term insurance and reinsurance contracts liabilities and other liabilities to associates and joint ventures (Note 10)24 1 — 1 
Total13,957 13,509 1 13,510 
Schedule Of Current Portion Of Long Term Debt
"Current debt for spectrum acquisition" as of December 31, 2023 and December 31, 2022, is detailed below:
Millions of euros12/31/202312/31/2022
Telefónica Germany107 107 
Telefónica Colombia 10 17 
Telefónica Brazil66 117 
Telefónica Spain7 7 
Telefónica Ecuador16 — 
Telefónica Uruguay12 — 
Total218 248 
Schedule of Current Other Payables
The composition of current "Other payables" at December 31, 2023 and December 31, 2022 is as follows:
Millions of euros12/31/202312/31/2022
Accrued employee benefits621 608 
Other non-financial non-trade payables555 480 
Total
1,176 1,088 
Schedule of Average Payment Period to Suppliers
In accordance with the aforementioned Law 15/2010, the following information corresponding to the Spanish companies of the Telefónica Group is disclosed:
 20232022
Number of days
Weighted average maturity period5153
Ratio of payments5355
Ratio of outstanding invoices3942
Millions of euros
Total payments7,8978,362
Outstanding invoices1,2111,251
Schedule of Changes in Provision Law 18/2022
On October 19, 2022, Law 18/2022, of September 28, on the creation and growth of companies, came into force, which modifies the third additional provision of Law 15/2010. The new standard establishes the obligation to publish in annual accounts, in addition to the information already required, the monetary volume and number of invoices paid in a period less than the maximum established in the late payment regulations, and the percentage they represent of the total number of invoices and on the total monetary payments to its suppliers. This information for the 2023 and 2022 financial years is shown below:
 20232022
Monetary volume of invoices paid in a period less than the maximum established in the regulations (millions of euros)4,5584,899
Percentage of total payments58 %59 %
Number of invoices paid in a period less than the maximum established in the regulations141,862157,523
Percentage of the total number of invoices paid51 %54 %