Financial assets at fair value through profit or loss (Tables)

12 Months Ended

Dec. 31, 2024

Financial assets at fair value through profit or loss

Disclosure of financial assets at fair value through profit and loss

(€ million)	December 31, 2024	December 31, 2023
Bonds issued by sovereign states	965	1,250
Other	5,474	5,196
Financial assets held for trading	6,439	6,446
Other financial assets at fair value through profit or loss	358	336
Total financial assets at fair value through profit or loss	6,797	6,782

Schedule of financial assets at fair value through profit and loss breakdown by currency

(€ million)	December 31, 2024	December 31, 2023
Euro	4,230	3,766
U.S. dollars	2,209	2,680
Financial assets held for trading	6,439	6,446
Euro	162	200
U.S. dollars	196	136
Other financial assets at fair value through profit or loss	358	336
	6,797	6,782

Schedule of financial assets at fair value through profit and loss by issuing entity and credit rating

	Nominal value (€ million)	Fair Value   (€ million)	Rating - Moody's	Rating - S&P
Quoted bonds issued by sovereign states
Fixed rate bonds
Italy	57	58	Baa3	BBB
United States of America	703	693	Aaa	AA+
Chile	61	60	A2	A
France	60	61	Aa3	AA-
Other (*)	67	66	from Aaa to Baa2	from AAA to BBB-
	948	938
Floating rate bonds
Italy	27	27	Baa3	BBB
	27	27
Total quoted bonds issued by sovereign states	975	965
Other Bonds
Fixed rate bonds
Quoted bonds issued by industrial companies	3,083	3,087	from Aaa to Ba2	from AAA to BB
Quoted bonds issued by financial and insurance companies	986	982	from Aa1 to Baa3	from AA+ to BBB-
Other bonds	74	72	from Aaa to Baa2	from AAA to BBB
	4,143	4,141
Floating rate bonds
Quoted bonds issued by industrial companies	369	371	from Aa2 to Baa2	from AA to BBB
Quoted bonds issued by financial and insurance companies	709	714	from Aaa to Baa2	from AAA to BBB-
Other bonds	247	248	from Aaa to Baa1	from AAA to BBB+
	1,325	1,333
Total other bonds	5,468	5,474
Total financial assets held for trading	6,443	6,439
Other financial assets at fair value through profit or loss	358	358	from Aaa to Baa1	from AAA to BBB+
	6,801	6,797

(*) Amounts included herein are lower than €50 million.