Consolidated balance sheet at 31 December

x € million	Notes	2020	2019

Assets
Intangible assets	8	4,455	3,515
Property, plant and equipment	9	3,774	4,040
Deferred tax assets	7	239	217
Share in associates and joint ventures	10	93	155
Derivatives	23	61	27
Other financial assets	11	317	265
Non-current assets		8,939	8,219

Inventories	12	1,879	2,019
Trade receivables	13	1,391	1,592
Income tax receivables	13	35	61
Other current receivables	13	62	45
Derivatives	23	48	19
Current investments	14	43	688
Cash and cash equivalents	15	871	800
Assets held for sale	3	1,096	-
Current assets		5,425	5,224
Total		14,364	13,443

Equity and liabilities
Shareholders’ equity		7,399	7,731
Non-controlling interests	17	88	104
Equity	16	7,487	7,835

Deferred tax liabilities	7	433	296
Employee benefit liabilities	24	414	413
Provisions	18	123	120
Borrowings	19	3,479	2,464
Derivatives	23	1	7
Other non-current liabilities	20	163	145
Non-current liabilities		4,613	3,445

Employee benefit liabilities	24	42	43
Provisions	18	61	48
Borrowings	19	107	189
Derivatives	23	13	18
Trade payables	21	1,218	1,345
Income tax payables	21	53	42
Other current liabilities	21	516	478
Liabilities held for sale	3	254	-
Current liabilities		2,264	2,163
Total		14,364	13,443