v3.26.1
Condensed consolidated balance sheet (unaudited) - EUR (€)
€ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Non-current assets      
Goodwill € 885 € 510 € 531
Intangible assets 764 731 716
Property, plant and equipment 2,600 2,306 2,258
Pension asset for funded schemes in surplus 91 78 40
Deferred tax assets 468 520 126
Other non-current assets 196 186 29
Total non-current assets 5,004 4,331 3,700
Current assets      
Inventories 1,114 873 1,054
Trade and other current receivables 3,019 1,790 1,388
Current tax assets 55 45 8
Cash and cash equivalents 577 441 49
Assets held for sale     3
Other financial assets 41 8  
Total current assets 4,806 3,157 2,502
Total assets 9,810 7,488 6,202
Non-current liabilities      
Financial liabilities 3,473 3,311 260
- Funded schemes in deficit 2 1 1
- Unfunded schemes 68 75 87
Provisions due after more than one year 40 31 40
Deferred tax liabilities 218 206 262
Other non-current liabilities 130 124 10
Total non-current liabilities 3,931 3,748 660
Current liabilities      
Financial liabilities due within one year 372 105 89
Trade payables and other current liabilities 4,283 2,921 2,535
Current tax liabilities 79 42 20
Provisions 23 39 35
Liabilities held for sale     1
Total current liabilities 4,757 3,107 2,680
Total liabilities 8,688 6,855 3,340
Equity      
Shareholders' equity [1] 1,081 625 2,835
Non-controlling interests 41 8 27
Total equity 1,122 633 2,862
Total liabilities and equity € 9,810 € 7,488 € 6,202
[1] In the H1 2025 condensed combined carve-out financial statements this is referenced as Net Parent Investment