Consolidated balance sheet at 31 December

x € million	Notes	2021	2020

Assets
Intangible assets	8	5,310	4,440
Property, plant and equipment	9	3,957	3,775
Deferred tax assets	7	203	240
Prepaid pension costs	24	75	2
Share in associates and joint ventures	10	64	93
Derivatives	23	48	61
Other financial assets	11	227	315
Non-current assets		9,884	8,926

Inventories	12	2,297	1,879
Trade receivables	13	1,603	1,391
Income tax receivables	13	61	32
Other current receivables	13	32	60
Derivatives	23	30	48
Current investments	14	489	43
Cash and cash equivalents	15	1,561	871
Assets held for sale	3	56	1,096
Current assets		6,129	5,420
Total		16,013	14,346

Equity and liabilities
Shareholders’ equity		9,318	7,399
Non-controlling interests	17	79	88
Equity	16	9,397	7,487

Deferred tax liabilities	7	485	431
Employee benefit liabilities	24	323	414
Provisions	18	96	123
Borrowings	19	2,989	3,484
Derivatives	23	9	1
Other non-current liabilities	20	283	163
Non-current liabilities		4,185	4,616

Employee benefit liabilities	24	21	42
Provisions	18	68	61
Borrowings	19	104	102
Derivatives	23	40	13
Trade payables	21	1,571	1,218
Income tax payables	21	77	45
Other current liabilities	21	540	508
Liabilities held for sale	3	10	254
Current liabilities		2,431	2,243
Total		16,013	14,346