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Consolidated Balance Sheets - EUR (€)
€ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents € 7,004.7 € 7,268.3
Short-term investments 5.4 107.7
Accounts receivable, net 4,334.1 5,323.8
Finance receivables, net 1,379.2 1,356.7
Current tax assets 1,001.2 33.4
Contract assets 240.1 131.9
Inventories, net 8,850.7 7,199.7
Other assets [1] 1,578.5 1,643.4
Total current assets 24,393.9 23,064.9
Finance receivables, net 60.6 0.0
Deferred tax assets 1,872.3 1,672.8
Loan receivable [2] 929.2 364.4
Other assets [3] 651.8 739.8
Equity method investments 919.6 923.6
Goodwill 4,588.6 4,555.6
Other intangible assets, net 741.7 842.4
Property, plant and equipment, net 5,493.2 3,944.2
Right-of-use assets 306.6 192.7
Total non-current assets 15,563.6 13,235.5
Total assets 39,957.5 36,300.4
Liabilities and shareholders’ equity    
Accounts payable [4] 2,347.3 2,565.2
Accrued and other liabilities [5] 2,177.4 1,875.9
Current tax liabilities 308.9 315.3
Current portion of long-term debt 0.1 746.2
Contract liabilities 11,441.0 12,481.0
Total current liabilities 16,274.7 17,983.6
Long-term debt 4,631.5 3,514.2
Deferred and other income tax liabilities 372.2 267.0
Contract liabilities 4,825.5 5,269.9
Accrued and other liabilities 401.2 454.9
Total non-current liabilities 10,230.4 9,506.0
Total liabilities 26,505.1 27,489.6
Issued and outstanding shares 36.0 36.3
Share premium 3,998.1 3,940.8
Treasury shares at cost (3,306.2) (4,641.3)
Retained earnings 12,379.5 9,046.7
Accumulated other comprehensive income 345.0 428.3
Total shareholders’ equity 13,452.4 8,810.8
Total liabilities and shareholders’ equity € 39,957.5 € 36,300.4
[1] Other assets – current includes amounts with related parties of €691.9 million and €479.9 million at December 31, 2023 and 2022, respectively.
[2] Loan receivable includes amounts with related parties of €912.4 million and €364.4 million at December 31, 2023 and 2022, respectively.
[3] Other assets – non-current includes amounts with related parties of €490.8 million and €620.4 million at December 31, 2023 and 2022, respectively.
[4] Accounts payable includes amounts with related parties of €4.0 million and €269.2 million at December 31, 2023 and 2022, respectively.
[5] Accrued and other liabilities – current includes amounts with related parties of €199.9 million and €111.2 million at December 31, 2023 and
2022, respectively.