Notes

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26 Noncurrent and current other financial liabilities

 

 

CARRYING AMOUNT

 

CARRYING AMOUNT

€ million

 

Current

 

Noncurrent

 

Dec. 31, 2021

 

Current

 

Noncurrent

 

Dec. 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

Negative fair values of derivative financial instruments

 

2,375

 

2,047

 

4,422

 

1,474

 

1,935

 

3,409

Interest payable

 

638

 

108

 

746

 

604

 

97

 

702

Miscellaneous financial liabilities

 

9,989

 

2,311

 

12,300

 

8,512

 

2,224

 

10,737

 

 

13,002

 

4,466

 

17,468

 

10,590

 

4,257

 

14,847

The negative fair values of derivatives relate to the following items:

€ million

 

Dec. 31, 2021

 

Dec. 31, 2020

 

 

 

 

 

Transactions for hedging

 

 

 

 

foreign currency risk from assets using fair value hedges

 

75

 

39

foreign currency risk from liabilities using fair value hedges

 

17

 

39

interest rate risk using fair value hedges

 

244

 

141

interest rate risk using cash flow hedges

 

42

 

100

foreign currency and price risk from future cash flows (cash flow hedges)

 

2,822

 

1,284

Hedging transactions Total

 

3,200

 

1,4771

Liabilities related to derivatives not included in hedging relationships

 

1,222

 

1,9321

Total

 

4,422

 

3,409

1

Prior-year figures adjusted.

Further details on derivative financial instruments as a whole are given in the section entitled “Financial risk management and financial instruments”.