v3.26.1
Debt, cash and cash equivalents - Summary of Changes in Financial Position (Details) - EUR (€)
€ in Millions
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents [abstract]    
Long-term debt € 14,646 € 14,248
Short-term debt and current portion of long-term debt 7,026 4,342
Interest rate and currency derivatives used to manage debt 221 112
Total debt 21,893 18,702
Cash and cash equivalents (6,350) (7,657)
Interest rate and currency derivatives used to manage cash and cash equivalents (30) (37)
Net debt 15,513 11,008
Lease liabilities € 1,904 € 1,739