Consolidated balance sheet, before allocation of profit

In € millions, at December 31

Note

 

2020

 

2021

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

Intangible assets

11

3,554

 

3,690

 

Property, plant and equipment

12

1,621

 

1,800

 

Right-of-use assets

13

324

 

304

 

Deferred tax assets

9

497

 

482

 

Investments in associates and joint ventures

14

166

 

178

 

Financial non-current assets

15

1,951

 

2,076

 

Total non-current assets

 

 

8,113

 

8,530

 

 

 

 

 

 

Current assets

 

 

 

 

 

Inventories

16

1,159

 

1,650

 

Current tax assets

9

55

 

149

 

Trade and other receivables

17

1,994

 

2,339

 

Short-term investments

21

250

 

58

 

Cash and cash equivalents

21

1,606

 

1,152

 

Total current assets

 

 

5,064

 

5,348

Total assets

 

 

13,177

 

13,878

 

 

 

 

 

 

Equity and liabilities

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

Shareholders’ equity

18

5,746

 

5,425

 

Non-controlling interests

18

204

 

211

 

Group equity

 

 

5,950

 

5,636

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

Post-retirement benefit provisions

19

664

 

578

 

Other provisions

20

232

 

234

 

Deferred tax liabilities

9

467

 

567

 

Long-term borrowings

21

2,771

 

1,994

 

Total non-current liabilities

 

 

4,134

 

3,373

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

Short-term borrowings

21

119

 

1,556

 

Current tax liabilities

9

162

 

216

 

Trade and other payables

22

2,580

 

2,948

 

Current portion of provisions

19, 20

232

 

149

 

Total current liabilities

 

 

3,093

 

4,869

Total equity and liabilities

 

 

13,177

 

13,878