Earnings per share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings per share [abstract]

Summary of Computation of Earnings Per Share

Earnings per share for total operations for the 12 months were as follows:

	€ 2025	€ 2024	€ 2023
Basic earnings per share from continuing operations	2.60	2.45	2.68
Basic earnings per share from discontinued operations	1.73	0.14	0.22
Total basic earnings per share	4.33	2.59	2.90

	€ 2025	€ 2024	€ 2023
Diluted earnings per share from continuing operations	2.59	2.44	2.67
Diluted earnings per share from discontinued operations	1.73	0.14	0.22
Total diluted earnings per share	4.32	2.58	2.89

	Millions of share units
Calculation of average number of share units	2025	2024	2023
Average number of shares pre consolidation	2,515.6	2,520.9	2,587.0
Less: treasury shares held by employee share trusts and companies	(58.6)	(28.3)	(71.1)
Impact of share consolidation	(273.0)	(277.0)	(279.5)
Average number of shares – used for basic earnings per share	2,184.0	2,215.6	2,236.4
Add: dilutive effect of share-based compensation plans	11.3	12.9	14.6
Diluted average number of shares – used for diluted earnings per share	2,195.3	2,228.5	2,251.0

Calculation of earnings – continuing operations	€ million 2025	€ million 2024	€ million 2023
Net profit	6,213	6,039	6,637
Non-controlling interests	(531)	(609)	(635)
Net profit attributable to shareholders’ equity – used for basic and diluted earnings per share	5,682	5,430	6,002

Calculation of earnings – discontinued operations	€ million 2025	€ million 2024	€ million 2023
Net profit	3,798	330	503
Non-controlling interests	(11)	(16)	(18)
Net profit attributable to shareholders’ equity – used for basic and diluted earnings per share	3,787	314	485