Annual Report 2025

Notes

13. Property, plant and equipment

CHANGES IN PROPERTY, PLANT AND EQUIPMENT IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2025

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under con­struction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Cost
Balance at Jan. 1, 2025

 

55,935

 

56,070

 

100,181

 

13,007

 

225,194

Foreign exchange differences

 

−893

 

−843

 

−1,387

 

−364

 

−3,487

Changes in consolidated Group

 

−29

 

92

 

38

 

276

 

377

Additions

 

2,717

 

1,175

 

3,400

 

8,463

 

15,755

Transfers

 

1,417

 

2,519

 

2,235

 

−6,560

 

−388

Disposals

 

871

 

1,959

 

3,797

 

104

 

6,731

Balance at Dec. 31, 2025

 

58,276

 

57,055

 

100,671

 

14,719

 

230,720

Amortization and impairment
Balance at Jan. 1, 2025

 

26,680

 

44,401

 

82,567

 

95

 

153,742

Foreign exchange differences

 

−382

 

−666

 

−1,118

 

−6

 

−2,173

Changes in consolidated Group

 

−62

 

−2

 

12

 

11

 

−42

Additions to cumulative amortization

 

2,506

 

2,997

 

5,485

 

 

10,987

Additions to cumulative impairment losses

 

210

 

64

 

95

 

645

 

1,014

Transfers

 

23

 

234

 

−209

 

−85

 

−37

Disposals

 

567

 

1,882

 

3,384

 

4

 

5,836

Reversal of impairment losses

 

1

 

0

 

10

 

1

 

12

Balance at Dec. 31, 2025

 

28,406

 

45,146

 

83,438

 

655

 

157,644

Carrying amount at Dec. 31, 2025

 

29,870

 

11,908

 

17,233

 

14,064

 

73,076

CHANGES IN PROPERTY, PLANT AND EQUIPMENT IN THE PERIOD JANUARY 1 TO DECEMBER 31, 2024

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under con­struction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Cost
Balance at Jan. 1, 2024

 

52,814

 

54,271

 

95,537

 

11,001

 

213,622

Foreign exchange differences

 

267

 

183

 

292

 

129

 

872

Changes in consolidated Group

 

159

 

22

 

30

 

5

 

215

Additions

 

2,524

 

1,450

 

4,731

 

8,004

 

16,710

Transfers

 

1,068

 

2,006

 

2,561

 

−5,882

 

−247

Disposals

 

897

 

1,862

 

2,971

 

249

 

5,978

Balance at Dec. 31, 2024

 

55,935

 

56,070

 

100,181

 

13,007

 

225,194

Amortization and impairment
Balance at Jan. 1, 2024

 

24,627

 

42,857

 

79,243

 

15

 

146,742

Foreign exchange differences

 

112

 

165

 

249

 

0

 

526

Changes in consolidated Group

 

35

 

12

 

12

 

 

59

Additions to cumulative amortization

 

2,439

 

3,027

 

5,437

 

 

10,903

Additions to cumulative impairment losses

 

139

 

132

 

62

 

92

 

424

Transfers

 

−23

 

11

 

17

 

−3

 

1

Disposals

 

643

 

1,798

 

2,447

 

 

4,887

Reversal of impairment losses

 

7

 

5

 

5

 

9

 

26

Balance at Dec. 31, 2024

 

26,680

 

44,401

 

82,567

 

95

 

153,742

Carrying amount at Dec. 31, 2024

 

29,256

 

11,670

 

17,614

 

12,912

 

71,452

Government grants of €254 million (previous year: €180 million) were deducted from the cost of property, plant and equipment.

In connection with land and buildings, real property liens of €2,105 million (previous year: €2,038 million) are pledged as collateral for partial retirement obligations, financial liabilities and other liabilities. In addition, technical equipment and machinery worth €302 million (previous year: €−million) was assigned as collateral for financial liabilities.