Note 18: Short-term borrowings

In € millions

 

2013

 

2014

Debt to credit institutions

 

78

 

83

Current portion of long-term borrowings

 

883

 

662

Other borrowings

 

 

66

Total

 

961

 

811

In January 2014, a bond of €825 million matured. In March 2015 a bond totaling €621 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 2014 and 2013.