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Consolidated Statements of Shareholders' Equity - EUR (€)
€ in Millions
Total
Issued and Outstanding Shares
Share Premium
Treasury Shares at Cost
Retained Earnings
OCI
[1]
Beginning Balance (in shares) at Dec. 31, 2020   416,500,000        
Beginning Balance at Dec. 31, 2020 € 13,865.4 € 37.6 € 3,780.1 € (863.2) € 10,731.5 € 179.4
Components of comprehensive income:            
Net income 5,883.2       5,883.2  
Proportionate share of OCI from equity method investments 22.0         22.0
Gain (loss) on foreign currency translation 93.3         93.3
Gain (loss) on financial instruments 38.8         38.8
Total comprehensive income 6,037.3       5,883.2 154.1
Purchase of treasury shares (in shares)   (14,400,000)        
Purchase of treasury shares (8,560.3) € 0.0   (8,560.3)    
Cancellation of treasury shares 0.0 € (1.2)   6,926.6 (6,925.4)  
Share-based payments 117.5   117.5      
Issuance of shares (in shares)   500,000        
Issuance of shares 49.0 € 0.1 (21.5) 74.1 (3.7)  
Dividend paid € (1,368.3)       (1,368.3)  
Ending Balance (in shares) at Dec. 31, 2021 402,601,613 402,600,000        
Ending Balance at Dec. 31, 2021 € 10,140.6 € 36.5 3,876.1 (2,422.8) 8,317.3 333.5
Components of comprehensive income:            
Net income 5,624.2       5,624.2  
Proportionate share of OCI from equity method investments 37.7         37.7
Gain (loss) on foreign currency translation 66.0         66.0
Gain (loss) on financial instruments (8.9)         (8.9)
Total comprehensive income € 5,719.0       5,624.2 94.8
Purchase of treasury shares (in shares) (8,538,787) (8,500,000)        
Purchase of treasury shares € (4,639.7)     (4,639.7)    
Cancellation of treasury shares 0.0 € (0.3)   2,333.7 (2,333.4)  
Share-based payments 68.9   68.9      
Issuance of shares (in shares)   500,000        
Issuance of shares 81.8 € 0.1 (4.2) 87.5 (1.6)  
Dividend paid € (2,559.8)       (2,559.8)  
Ending Balance (in shares) at Dec. 31, 2022 394,589,411 394,600,000        
Ending Balance at Dec. 31, 2022 € 8,810.8 € 36.3 3,940.8 (4,641.3) 9,046.7 428.3
Components of comprehensive income:            
Net income 7,839.0       7,839.0  
Proportionate share of OCI from equity method investments 0.2         0.2
Gain (loss) on foreign currency translation (68.3)         (68.3)
Gain (loss) on financial instruments (15.2)         (15.2)
Total comprehensive income € 7,755.7       7,839.0 (83.3)
Purchase of treasury shares (in shares) (1,620,128) (1,600,000)        
Purchase of treasury shares € (1,000.0)     (1,000.0)    
Cancellation of treasury shares 0.0 € (0.3)   2,105.1 (2,104.8)  
Share-based payments 134.8   134.8      
Issuance of shares (in shares)   500,000        
Issuance of shares 99.4   (77.5) 230.0 (53.1)  
Dividend paid € (2,348.3)       (2,348.3)  
Ending Balance (in shares) at Dec. 31, 2023 393,421,721 393,500,000        
Ending Balance at Dec. 31, 2023 € 13,452.4 € 36.0 € 3,998.1 € (3,306.2) € 12,379.5 € 345.0
[1] As of December 31, 2023, accumulated OCI consists of €33.0 million gain relating to our proportionate share of other comprehensive income from equity method investments (2022: €32.8 million gain; 2021: €4.9 million loss), €319.6 million relating to foreign currency translation gain (2022:
€387.9 million gain; 2021: €321.9 million gain) and €7.6 million relating to unrealized loss on financial instruments (2022: €7.6 million gain; 2021: €16.5 million gain).