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Debt Maturity Schedule

Net debt

€ million​​

December 31, 2019

December 31, 2018

Total bonds and other long-term debt

1,818

2,061

Long-term lease liabilities

293

188

Total short-term debt

1,005

817

Gross debt

3,116

3,066

Cash and cash equivalents

(899)

(783)

Divestment receivable

- (13)

Derivative financial instruments

(18)

(21)

Net debt 2,199 2,249

* 2018 has been restated for IFRS 16


Debt structure

Outstanding debt by instrument per December 31, 2019 (€ million)

by currency per December 31, 2019 

Bonds

1,629

53%

Euro​

85%

​Private placements

413

13%​

​U.S. dollar

9%​

Lease liabilities (long- and short-term)

368

12%

JPY

5%

Euro Commercial Paper (ECP)

200

6%

Other

1%

Other loans

506

16%

​Gross debt 3,116 100%   100%