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Financial risk management (Tables)
12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Sensitivity analysis for types of market risk
Change in currency rate€ strengthens against US$€ weakens against US$
Effect on profit before tax and pre-tax equity%€ million€ million
Year ended 31 December 2021
10 176 (176)
Year ended 31 December 2020
10 33 (36)
Year ended 31 December 2019
10 87 (95)
Disclosure of maturity analysis for non-derivative financial liabilities The amounts disclosed in the table are the contractual undiscounted cash flows:
TotalLess than 1 year1 to 3 years3 to 5 yearsMore than 5 years
Financial liabilities€ million€ million€ million€ million€ million
31 December 2021
Trade and other payables3,933 3,933 — — — 
Amounts payable to related parties210 210 — — — 
Borrowings13,599 1,369 2,551 2,274 7,405 
Derivatives66 19 15 28 
Lease liabilities714 145 208 111 250 
Total financial liabilities18,522 5,676 2,763 2,400 7,683 
31 December 2020
Trade and other payables2,356 2,356 — — — 
Amounts payable to related parties181 181 — — — 
Borrowings7,323 798 1,207 970 4,348 
Derivatives77 62 15 — — 
Lease liabilities383 100 128 56 99 
Total financial liabilities10,320 3,497 1,350 1,026 4,447 
Disclosure of maturity analysis for derivative financial liabilities The amounts disclosed in the table are the contractual undiscounted cash flows:
TotalLess than 1 year1 to 3 years3 to 5 yearsMore than 5 years
Financial liabilities€ million€ million€ million€ million€ million
31 December 2021
Trade and other payables3,933 3,933 — — — 
Amounts payable to related parties210 210 — — — 
Borrowings13,599 1,369 2,551 2,274 7,405 
Derivatives66 19 15 28 
Lease liabilities714 145 208 111 250 
Total financial liabilities18,522 5,676 2,763 2,400 7,683 
31 December 2020
Trade and other payables2,356 2,356 — — — 
Amounts payable to related parties181 181 — — — 
Borrowings7,323 798 1,207 970 4,348 
Derivatives77 62 15 — — 
Lease liabilities383 100 128 56 99 
Total financial liabilities10,320 3,497 1,350 1,026 4,447