v3.25.2
BORROWINGS AND LEASES (Details)
€ in Millions, ₱ in Billions
6 Months Ended
Jun. 27, 2025
EUR (€)
Jun. 28, 2024
EUR (€)
Jun. 27, 2025
PHP (₱)
Dec. 31, 2024
EUR (€)
Non-current:        
Total non-current borrowings € 9,755     € 9,940
Current:        
Total current borrowings 2,257     1,391
Euro denominated bonds        
Non-current:        
Total non-current borrowings 7,867     7,903
Current:        
Total current borrowings 1,645     1,150
Foreign currency bonds (swapped into Euro)        
Non-current:        
Total non-current borrowings 427     478
Australian dollar denominated bonds        
Non-current:        
Total non-current borrowings 257     295
Current:        
Total current borrowings 46     31
Foreign currency bonds (swapped into Australian dollar or New Zealand dollar)        
Non-current:        
Total non-current borrowings 318     330
PHP Term loan due 2034        
Non-current:        
Total non-current borrowings 353     387
Philippines peso denominated bonds        
Current:        
Total current borrowings 30     49
Euro commercial paper        
Current:        
Total current borrowings 355     0
Current commercial papers issued and current portion of non-current commercial papers issued 5,346 € 4,778    
Repayments of current borrowings 4,991 € 3,645    
Lease obligations        
Non-current:        
Total non-current borrowings 533     547
Lease obligations        
Current:        
Total current borrowings 181     € 161
Floating Rate Notes due 2027        
Current:        
Notional amount 300      
500 million, 3.125% due 2031        
Current:        
Notional amount € 500      
Borrowings, interest rate 3.125%   3.125%  
350 million, 2.375% due 2025        
Current:        
Notional amount € 350      
Borrowings, interest rate 2.375%   2.375%  
PHP3.5 billion, 6.000% loan        
Current:        
Notional amount | ₱     ₱ 3.5  
Borrowings, interest rate 6.00%   6.00%