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Note 13 - Reconciliation of Financial Instruments Categorized in Level 3 (Detail) - Valuation technique unobservable parameters (Level 3) [Member] - EUR (€)
€ in Millions
Dec. 31, 2022
Dec. 31, 2021
Balance, beginning of period [Member]    
Financial assets held at fair value [Abstract]    
Trading securities € 3,614 € 3,066
Positive market values from derivative financial instruments 9,042 8,725
Other trading assets 5,201 5,117
Non-trading financial assets mandatory at fair value through profit and loss 4,896 4,618
Financial assets designated at fair value through profit or loss 49 0
Financial assets at fair value through other comprehensive income 2,302 2,037
Other financial assets at fair value 78 20
Total financial assets held at fair value 25,182 23,583
Financial liabilities held at fair value:    
Trading securities 33 2
Negative market values from derivative financial instruments 9,781 8,200
Other trading liabilities 49 0
Financial liabilities designated at fair value through profit or loss 1,740 960
Other financial liabilities at fair value (179) (294)
Total financial liabilities held at fair value 11,424 8,867
Changes in the group of consolidated companies [Member]    
Financial assets held at fair value [Abstract]    
Trading securities 0 (2)
Positive market values from derivative financial instruments 0 0
Other trading assets 0 0
Non-trading financial assets mandatory at fair value through profit and loss 0 0
Financial assets designated at fair value through profit or loss 0 0
Financial assets at fair value through other comprehensive income 0 0
Other financial assets at fair value 0 0
Total financial assets held at fair value 0 (2)
Financial liabilities held at fair value:    
Trading securities 0 0
Negative market values from derivative financial instruments 0 0
Other trading liabilities 0 0
Financial liabilities designated at fair value through profit or loss 0 0
Other financial liabilities at fair value 0 0
Total financial liabilities held at fair value 0 0
Total gains/ losses [Member]    
Financial assets held at fair value [Abstract]    
Trading securities (380) [1] 263 [2]
Positive market values from derivative financial instruments 4,755 [1] 890 [2]
Other trading assets (178) [1] 237 [2]
Non-trading financial assets mandatory at fair value through profit and loss 332 [1] 425 [2]
Financial assets designated at fair value through profit or loss 2 [1] 0 [2]
Financial assets at fair value through other comprehensive income (107) [1],[3] 61 [2],[4]
Other financial assets at fair value 0 [1] 2 [2]
Total financial assets held at fair value (5,087) [1],[5],[6] 1,351 [2],[7],[8]
Financial liabilities held at fair value:    
Trading securities 3 [1] 0 [2]
Negative market values from derivative financial instruments 3,256 [1] 509 [2]
Other trading liabilities (51) [1] (15) [2]
Financial liabilities designated at fair value through profit or loss (55) [1] 15 [2],[9]
Other financial liabilities at fair value (380) [1] (12) [2]
Total financial liabilities held at fair value (3,746) [1],[5],[6] 498 [2],[7],[8],[9]
Purchases [Member]    
Financial assets held at fair value [Abstract]    
Trading securities 2,226 3,183
Positive market values from derivative financial instruments 0 0
Other trading assets 748 500
Non-trading financial assets mandatory at fair value through profit and loss 652 493
Financial assets designated at fair value through profit or loss 0 0
Financial assets at fair value through other comprehensive income 79 53
Other financial assets at fair value 0 0
Total financial assets held at fair value 3,706 4,229
Financial liabilities held at fair value:    
Trading securities 0 0
Negative market values from derivative financial instruments 0 0
Other trading liabilities 0 0
Financial liabilities designated at fair value through profit or loss 0 0
Other financial liabilities at fair value 0 0
Total financial liabilities held at fair value 0 0
Sales [Member]    
Financial assets held at fair value [Abstract]    
Trading securities (1,974) (2,445)
Positive market values from derivative financial instruments 0 0
Other trading assets (1,945) (2,194)
Non-trading financial assets mandatory at fair value through profit and loss (142) (288)
Financial assets designated at fair value through profit or loss 0 0
Financial assets at fair value through other comprehensive income (338) (150)
Other financial assets at fair value 0 0
Total financial assets held at fair value (4,399) (5,076)
Financial liabilities held at fair value:    
Trading securities 0 0
Negative market values from derivative financial instruments 0 0
Other trading liabilities 0 0
Financial liabilities designated at fair value through profit or loss 0 0
Other financial liabilities at fair value 0 0
Total financial liabilities held at fair value 0 0
Issuances [Member]    
Financial assets held at fair value [Abstract]    
Trading securities 80 [10] 0 [11]
Positive market values from derivative financial instruments 0 [10] 0 [11]
Other trading assets 2,998 [10] 2,868 [11]
Non-trading financial assets mandatory at fair value through profit and loss 1,373 [10] 243 [11]
Financial assets designated at fair value through profit or loss 0 [10] 48 [11]
Financial assets at fair value through other comprehensive income 977 [10] 662 [11]
Other financial assets at fair value 0 [10] 0 [11]
Total financial assets held at fair value 5,428 [10] 3,821 [11]
Financial liabilities held at fair value:    
Trading securities 0 [10] 0 [11]
Negative market values from derivative financial instruments 0 [10] 0 [11]
Other trading liabilities 0 [10] 0 [11]
Financial liabilities designated at fair value through profit or loss 1,140 [10] 992 [9],[11]
Other financial liabilities at fair value 0 [10] 0 [11]
Total financial liabilities held at fair value 1,140 [10] 992 [9],[11]
Settlements [Member]    
Financial assets held at fair value [Abstract]    
Trading securities (344) [12] (106) [13]
Positive market values from derivative financial instruments (423) [12] (727) [13]
Other trading assets (1,419) [12] (1,635) [13]
Non-trading financial assets mandatory at fair value through profit and loss (1,430) [12] (733) [13]
Financial assets designated at fair value through profit or loss (45) [12] 0 [13]
Financial assets at fair value through other comprehensive income (752) [12] (560) [13]
Other financial assets at fair value 0 [12] (17) [13]
Total financial assets held at fair value (4,413) [12] (3,777) [13]
Financial liabilities held at fair value:    
Trading securities 0 [12] 0 [13]
Negative market values from derivative financial instruments (633) [12] (367) [13]
Other trading liabilities 5 [12] 0 [13]
Financial liabilities designated at fair value through profit or loss (202) [12] (314) [13]
Other financial liabilities at fair value 64 [12] 33 [13]
Total financial liabilities held at fair value (766) [12] (647) [13]
Transfers into Level 3 [Member]    
Financial assets held at fair value [Abstract]    
Trading securities 606 [14] 766 [15]
Positive market values from derivative financial instruments 8,011 [14] 2,938 [15]
Other trading assets 875 [14] 714 [15]
Non-trading financial assets mandatory at fair value through profit and loss 702 [14] 1,064 [15]
Financial assets designated at fair value through profit or loss 88 [14] 0 [15]
Financial assets at fair value through other comprehensive income 549 [14] 350 [15]
Other financial assets at fair value 0 [14] 0 [15]
Total financial assets held at fair value 10,831 [14] 5,831 [15]
Financial liabilities held at fair value:    
Trading securities 0 [14] 33 [15]
Negative market values from derivative financial instruments 4,454 [14] 3,059 [15]
Other trading liabilities 0 [14] 64 [15]
Financial liabilities designated at fair value through profit or loss 178 [14] 198 [15]
Other financial liabilities at fair value 16 [14] 13 [15]
Total financial liabilities held at fair value 4,649 [14] 3,367 [15]
Transfers out of Level 3 [Member]    
Financial assets held at fair value [Abstract]    
Trading securities (776) [14] (585) [15]
Positive market values from derivative financial instruments (2,310) [14] (2,783) [15]
Other trading assets (785) [14] (406) [15]
Non-trading financial assets mandatory at fair value through profit and loss (593) [14] (926) [15]
Financial assets designated at fair value through profit or loss 0 [14] 0 [15]
Financial assets at fair value through other comprehensive income (36) [14] (150) [15]
Other financial assets at fair value (74) [14] 74 [15]
Total financial assets held at fair value (4,573) [14] (4,777) [15]
Financial liabilities held at fair value:    
Trading securities 0 [14] 2 [15]
Negative market values from derivative financial instruments (1,845) [14] (1,620) [15]
Other trading liabilities 0 [14] 0 [15]
Financial liabilities designated at fair value through profit or loss (10) [14] (112) [15]
Other financial liabilities at fair value (31) [14] 81 [15]
Total financial liabilities held at fair value (1,887) [14] (1,652) [15]
Balance financial instruments Level 3 - end of period [Member]    
Financial assets held at fair value [Abstract]    
Trading securities 3,053 3,614
Positive market values from derivative financial instruments 9,564 9,042
Other trading assets 5,494 5,201
Non-trading financial assets mandatory at fair value through profit and loss 5,790 4,896
Financial assets designated at fair value through profit or loss 94 49
Financial assets at fair value through other comprehensive income 2,676 2,302
Other financial assets at fair value 5 78
Total financial assets held at fair value 26,675 25,182
Financial liabilities held at fair value:    
Trading securities 30  
Negative market values from derivative financial instruments 8,500 9,781
Other trading liabilities 3 49
Financial liabilities designated at fair value through profit or loss 2,792 1,740
Other financial liabilities at fair value (511) (179)
Total financial liabilities held at fair value € 10,815 € 11,424
[1] Total gains and losses predominantly relate to net gains (losses) on financial assets/liabilities at fair value through profit or loss reported in the consolidated statement of income. The balance also includes net gains (losses) on financial assets at fair value through other comprehensive income reported in the consolidated statement of income and unrealized net gains (losses) on financial assets at fair value through other comprehensive income and exchange rate changes reported in other comprehensive income, net of tax. Further, certain instruments are hedged with instruments in level 1 or level 2 but the table above does not include the gains and losses on these hedging instruments. Additionally, both observable and unobservable parameters may be used to determine the fair value of an instrument classified within level 3 of the fair value hierarchy; the gains and losses presented below are attributable to movements in both the observable and unobservable parameters.
[2] Total gains and losses predominantly relate to net gains (losses) on financial assets/liabilities at fair value through profit or loss reported in the consolidated statement of income. The balance also includes net gains (losses) on financial assets at fair value through other comprehensive income reported in the consolidated statement of income and unrealized net gains (losses) on financial assets at fair value through other comprehensive income and exchange rate changes reported in other comprehensive income, net of tax. Further, certain instruments are hedged with instruments in level 1 or level 2 but the table above does not include the gains and losses on these hedging instruments. Additionally, both observable and unobservable parameters may be used to determine the fair value of an instrument classified within level 3 of the fair value hierarchy; the gains and losses presented below are attributable to movements in both the observable and unobservable parameters.
[3] Total gains and losses on financial assets at fair value through other comprehensive income include a loss of € 189 million recognized in other comprehensive income, net of tax and a loss of € 2 million recognized in the income statement presented in net gains (losses).
[4] Total gains and losses on financial assets at fair value through other comprehensive income include a loss of € 13 million recognized in other comprehensive income, net of tax.
[5] For assets positive balances represent gains, negative balances represent losses. For liabilities positive balances represent losses, negative balances represent gains.
[6] This amount includes the effect of exchange rate changes. For total financial assets held at fair value this effect is a gain of € 425 million and for total financial liabilities held at fair value this is a loss of € 35 million.
[7] For assets positive balances represent gains, negative balances represent losses. For liabilities positive balances represent losses, negative balances represent gains.
[8] This amount includes the effect of exchange rate changes. For total financial assets held at fair value this effect is a gain of € 447 million and for total financial liabilities held at fair value this is a loss of € 44 million.
[9] Prior year’s comparatives aligned to presentation in the current year.
[10] Issuances relate to the cash amount received on the issuance of a liability and the cash amount paid on the primary issuance of a loan to a borrower.
[11] Issuances relate to the cash amount received on the issuance of a liability and the cash amount paid on the primary issuance of a loan to a borrower.
[12] Settlements represent cash flows to settle the asset or liability. For debt and loan instruments this includes principal on maturity, principal amortizations and principal repayments. For derivatives all cash flows are presented in settlements
[13] Settlements represent cash flows to settle the asset or liability. For debt and loan instruments this includes principal on maturity, principal amortizations and principal repayments. For derivatives all cash flows are presented in settlements.
[14] Transfers in and transfers out of Level 3 are related to changes in observability of input parameters. During the year they are recorded at their fair value at the beginning of year. For instruments transferred into Level 3 the table shows the gains and losses and cash flows on the instruments as if they had been transferred at the beginning of the year. Similarly, for instruments transferred out of Level 3 the table does not show any gains or losses or cash flows on the instruments during the year since the table is presented as if they have been transferred out at the beginning of the year.
[15] Transfers in and transfers out of Level 3 are related to changes in observability of input parameters. During the year they are recorded at their fair value at the beginning of year. For instruments transferred into Level 3 the table shows the gains and losses and cash flows on the instruments as if they had been transferred at the beginning of the year. Similarly, for instruments transferred out of Level 3 the table does not show any gains or losses or cash flows on the instruments during the year since the table is presented as if they have been transferred out at the beginning of the year.