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Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Disclosure of detailed information about property, plant and equipment During the years ended December 31, 2025, 2024 and 2023, assets were depreciated on a straight-line basis
over their estimated useful lives as follows:
Years
Buildings
33 - 40
Plant, machinery and equipment
2 - 25
Other assets - Assets subject to operating leases
1 - 3
Other assets - Other assets
2 - 34
(€ million)
Land
Buildings
Plant, machinery
and equipment
Other
assets
Advances and
tangible assets
in progress
Total
Gross carrying amount at January 1, 2024
1,448
10,115
50,727
8,445
5,542
76,277
Additions
7
730
3,052
5,805
2,884
12,478
Divestitures and disposals
(19)
(321)
(1,761)
(609)
(2,710)
Change in the scope of consolidation
5
42
(64)
207
29
219
Translation differences
3
142
596
382
175
1,298
Transfer to Assets held for sale
(22)
(75)
(11)
(2)
(110)
Other changes
(31)
190
2,307
(227)
(2,519)
(280)
At December 31, 2024
1,391
10,823
54,846
14,001
6,111
87,172
Additions
1
428
2,764
9,010
1,042
13,245
Divestitures and disposals
(22)
(144)
(1,296)
(2,256)
(4)
(3,722)
Change in the scope of consolidation
2
2
(3)
10
11
Translation differences
(63)
(492)
(2,319)
(1,225)
(417)
(4,516)
Transfer to Assets held for sale
25
20
1
1
3
50
Other changes
(2)
312
1,774
(813)
(2,469)
(1,198)
At December 31, 2025
1,332
10,949
55,767
18,728
4,266
91,042
Accumulated depreciation and impairment
losses at January 1, 2024
32
4,643
31,808
2,082
25
38,590
Depreciation
3
602
3,769
986
5,360
Divestitures and disposal
(1)
(244)
(1,624)
(305)
(2,174)
Impairment losses and asset write-offs
1
24
343
1
369
Change in the scope of consolidation
(119)
49
(70)
Translation differences
1
21
214
70
(2)
304
Transfer to Assets held for sale
(34)
(4)
(1)
(39)
Other changes
(5)
12
(138)
(43)
(5)
(179)
At December 31, 2024
31
5,024
34,249
2,838
19
42,161
Depreciation
3
594
3,361
1,855
5,813
Divestitures and disposals
(112)
(1,234)
(539)
(1,885)
Impairment losses and asset write-offs
3
(1)
2,209
43
1,019
3,273
Change in the scope of consolidation
(2)
(1)
(3)
Translation differences
(1)
(124)
(968)
(204)
(4)
(1,301)
Transfer to Assets held for sale
12
16
1
29
Other changes
(12)
8
(220)
224
(3)
(3)
At December 31, 2025
36
5,405
37,396
4,216
1,031
48,084
Carrying amount at December 31, 2024
1,360
5,799
20,597
11,163
6,092
45,011
Carrying amount at December 31, 2025
1,296
5,544
18,371
14,512
3,235
42,958
Disclosure of changes in other assets segregated between owned assets and operating leases Changes in Other assets segregated between owned assets held and used by the Company and those subject
to operating leases (including vehicles sold with a buy-back commitment) are as follows:
(€ million)
Assets subject to
operating leases
Other assets
Total
Gross carrying amount at January 1, 2024
6,218
2,227
8,445
Additions
5,201
604
5,805
Divestitures and disposals
(304)
(305)
(609)
Transfer to Assets held for sale
(2)
(2)
Translation differences
310
72
382
Change in scope
64
143
207
Other changes
(281)
54
(227)
At December 31, 2024
11,208
2,793
14,001
Additions
8,390
620
9,010
Divestitures and disposals
(1,832)
(424)
(2,256)
Transfer to Assets held for sale
1
1
Translation differences
(1,053)
(172)
(1,225)
Change in scope
1
9
10
Other changes
(1,654)
841
(813)
At December 31, 2025
15,060
3,668
18,728
Accumulated depreciation and impairment losses at January
1, 2024
624
1,458
2,082
Depreciation
504
482
986
Divestitures
(18)
(287)
(305)
Transfer to Assets held for sale
(1)
(1)
Translation differences
26
44
70
Change in scope
26
23
49
Other changes
(31)
(12)
(43)
At December 31, 2024
1,131
1,707
2,838
Depreciation
1,293
562
1,855
Impairment losses and asset write offs
43
43
Divestitures
(146)
(393)
(539)
Translation differences
(96)
(108)
(204)
Change in scope
(1)
(1)
Other changes
(376)
600
224
At December 31, 2025
1,806
2,410
4,216
Carrying amount at December 31, 2024
10,077
1,086
11,163
Carrying amount at December 31, 2025
13,254
1,258
14,512
Disclosure of maturity of undiscounted annual lease payments, excluding assets subject to buy-back The maturity analysis of undiscounted annual lease payments (excluding assets subject to buy-back) to be
received is as follows:
At December 31,
(€ million)
2025
2024
Within one year
1,717
1,031
Between one and two years
1,239
947
Between two and three years
559
479
Between three and four years
81
58
Between four and five years
13
3
Later than five years
13
15
Total undiscounted lease payments to be received
3,622
2,533
Disclosure of changes in right-of-use assets Changes in Right-of-use assets are as follows:
(€ million)
Land
Buildings
Plant,
machinery and
equipment
Other assets
Total
Balance at January 1, 2024
33
1,309
153
289
1,784
Depreciation
(3)
(275)
(84)
(315)
(677)
Additions
6
460
42
406
914
Divestitures
(4)
(59)
(33)
(8)
(104)
Change in the scope of
consolidation
2
54
1
62
119
Translation differences
1
46
2
16
65
Other
(11)
(25)
(2)
(2)
(40)
Balance at December 31, 2024
24
1,510
79
448
2,061
Depreciation
(3)
(271)
(52)
(376)
(702)
Additions
1
309
65
442
817
Divestitures
(14)
(6)
(4)
(24)
Translation differences
(2)
(103)
(2)
(41)
(148)
Other
(1)
5
(35)
(31)
Balance at December 31, 2025
19
1,431
89
434
1,973