Net financial expenses/(income) (Tables)

12 Months Ended

Dec. 31, 2024

Analysis of income and expense [abstract]

Disclosure of detailed information about net finance expenses

The following table summarizes the Company’s financial income and expenses, included within Net financial

expenses:

	Years ended December 31,
	2024	2023	2022
	(€ million)
Interest income and other financial income	€1,995	€2,678	€1,066
Financial expenses:
Interest expense and other financial expenses:	1,248	1,064	959
Interest expense on notes	430	386	281
Interest expense on borrowings from bank	121	59	105
Other interest cost and financial expenses	697	619	573
Interest on lease liabilities	64	63	63
Write-down and reversals of write-downs of financial assets	(88)	128	14
Net interest expense/(income) on employee benefits provisions	211	203	163
Total Financial expenses	1,435	1,458	1,199
Net expenses from derivative financial instruments and exchange rate differences	215	1,178	635
Total Financial expenses and Net expenses from derivative financial instruments and exchange rate differences	1,650	2,636	1,834
Net Financial expenses/(income)	€(345)	€(42)	€768