Net debt

The development of the components of net debt is as follows:

 
Cash and cash equivalents
Current investments
Non-current borrowings
Current borrowings
Credit institutions
Derivatives
Total
        
Balance at 1 January 2015
669
6
(1,637)
(641)
(502)
(315)
(2,420)
        
Change from operating activities
696
-
-
-
-
225
921
Change from investing activities
(275)
3
64
8
45
136
(19)
        
Reclassification from non-current to current
-
-
30
(30)
-
-
-
Transfers
119
-
(1,004)
653
232
-
-
Dividend
(174)
-
-
-
-
-
(174)
Interest
(173)
-
-
-
-
-
(173)
Proceeds from reissued shares
39
-
-
-
-
-
39
Repurchase of shares
(122)
-
-
-
-
-
(122)
Derivatives
(130)
-
-
-
-
(221)
(351)
Other
1
-
-
-
-
-
1
Change from financing activities
(440)
-
(974)
623
232
(221)
(780)
        
Exchange differences
15
-
(10)
(12)
(6)
(10)
(23)
        
Total changes
(4)
3
(920)
619
271
130
99
        
Balance at 31 December 2015
665
9
(2,557)
(22)
(231)
(185)
(2,321)
        
Change from operating activities
1,018
-
-
-
-
8
1,026
Change from investing activities
(1,194)
935
-
(7)
-
-
(266)
        
Reclassification from non-current to current
-
-
759
(759)
-
-
-
Transfers
584
-
(748)
3
161
-
-
Dividend
(190)
-
-
-
-
-
(190)
Interest
(151)
-
-
-
-
27
(124)
Proceeds from reissued shares
137
-
-
-
-
-
137
Repurchase of shares
(273)
-
-
-
-
-
(273)
Derivatives
-
-
-
-
-
(65)
(65)
Other
6
-
(5)
-
-
-
1
Change from financing activities
113
-
6
(756)
161
(38)
(514)
        
Exchange differences
2
-
(1)
(1)
3
2
5
        
Total changes
(61)
935
5
(764)
164
(28)
251
        
Balance at 31 December 2016
604
944
(2,552)
(786)
(67)
(213)
(2,070)