Note 18: Short-term borrowings

In € millions

 

2012

 

2013

Debt to credit institutions

 

194

 

78

Current portion of long-term borrowings

 

468

 

883

Total

 

662

 

961

In 2013, a bond of $500 million matured. In January 2014, a bond totaling €825 million will mature and is classified as a short-term borrowing.

We have US dollar and euro commercial paper programs in place, which can be used to the extent that the equivalent portion of the €1.8 billion multi-currency revolving credit facility is not used. We had no commercial paper outstanding at year-end 2013 and 2012.