v3.26.1
Financial structure and financial costs - Current financial assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial structure, financial costs and financial instruments      
Current financial debt $ 7,622 $ 4,462 $ 2,377
Current lease obligations 1,876 2,095 1,721
Current portion of non-current financial debt 2,540 3,467 5,492
Current borrowings (note 14) 12,038 10,024 9,590
Other current financial liabilities (note 14) 388 664 446
Current financial assets (note 14) (3,332) (6,914) (6,585)
NET CURRENT BORROWINGS 9,094 3,774 3,451
Current deposits beyond three months      
Financial structure, financial costs and financial instruments      
Current financial assets (note 14) (2,136) (5,476) (5,450)
Marketable securities      
Financial structure, financial costs and financial instruments      
Current financial assets (note 14) (707) (683) (519)
Financial receivables on sub-lease      
Financial structure, financial costs and financial instruments      
Current financial assets (note 14) (239) (378) (329)
Current portion of hedging instruments of debt      
Financial structure, financial costs and financial instruments      
Other current financial liabilities (note 14) 218 425 268
Current financial assets (note 14) (81) (29) (91)
Other financial instruments/held for trading      
Financial structure, financial costs and financial instruments      
Other current financial liabilities (note 14) 170 239 178
Current financial assets (note 14) $ (169) $ (348) $ (196)