The table below shows the carrying amount and fair value of financial assets and liabilities as reported at 31 December 2023 by accounting category, as defined by IFRS 9:
| 31/12/2023 | Accounting categories | Fair value | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (in € millions)Balance sheet headings and classes of instrument | Derivatives at fair value through profit or loss | Derivatives designated as hedges | Financial assets measured at fair value through profit or loss | Financial assets measured at fair value through other comprehensive income | Financial assets at amortised cost | Financial liabilities at amortised cost | Total | Level 1: quoted prices and cash | Level 2: internal model using observable factors | Level 3: internal model using nonobservable factors | Total |
| Equity instruments | - | - | 1,230 | 10 | - | - | 1,240 | 929(*) | - | 312 | 1 240 |
| Financial assets at amortised cost and PPP financial receivables | - | - | - | - | 1,405 | - | 1,405 | - | 1 405 | - | 1 405 |
| I - Non-current financial assets (**) | - | - | 1,230 | 10 | 1,405 | - | 2,646 | 929 | 1 405 | 312 | 2 646 |
| II - Derivative financial instruments - assets | 48 | 181 | - | - | - | - | 230 | - | 230 | - | 230 |
| Cash management financial assets | - | - | 365 | - | - | - | 365 | - | 365 | - | 365 |
| Financial current accounts - assets | - | - | - | - | 180 | - | 180 | 180 | - | - | 180 |
| Cash equivalents | 6,827 | 6,827 | 1 852 | 4 975(***) | - | 6 827 | |||||
| Cash | 8,800 | 8,800 | 8 800 | - | - | 8 800 | |||||
| III - Current financial assets | - | - | 15,992 | - | 180 | - | 16,172 | 10 832 | 5 340 | - | 16 172 |
| Total assets | 48 | 181 | 17,223 | 10 | 1,585 | - | 19,047 | 11 761 | 6 975 | 312 | 19 047 |
| Bonds | - | - | - | - | - | (23,421) | (23,421) | (21 736) | (1 216) | - | (22 953) |
| Other bank loans and other financial financial debt | - | - | - | - | - | (4,367) | (4,367) | - | (4 453) | - | (4 453) |
| IV - Long-term financial debt | - | - | - | - | - | (27,788) | (27,788) | (21 736) | (5 670) | - | (27 406) |
| V - Derivative financial instruments - liabilities | (441) | (1,308) | - | - | - | - | (1,749) | - | (1 749) | - | (1 749) |
| Other current financial liabilities | - | - | - | - | - | (1,997) | (1,997) | - | (1 997) | - | (1 997) |
| Financial current accounts - liabilities | - | - | - | - | - | (76) | (76) | (76) | - | - | (76) |
| Bank overdrafts | - | - | - | - | - | (927) | (927) | (927) | - | - | (927) |
| VI - Current financial liabilities | - | - | - | - | - | (3,000) | (3,000) | (1 003) | (1 997) | - | (3 000) |
| Total liabilities | (441) | (1,308) | - | - | - | (30,789) | (32,537) | (22 739) | (9 415) | - | (32 154) |
