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