Cash and cash equivalents (Tables)

12 Months Ended

Dec. 31, 2025

Cash and cash equivalents [abstract]

Summary of Cash and Cash Equivalents


€ million		2025				2024
Cash at bank and in hand			348				290
Cash and cash equivalents subject to contractual restrictions			401				300
Term deposits			167				1,458
Money market funds			159				1,473

Total cash and cash equivalents			1,075				3,521