| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Less than 1 year(1) | Less than 1 year (1)31.12.20232,551.3 |
Less than 1 year (1)31.12.20221,419.8 |
Less than 1 year (1)31.12.20215,042.2 |
| 1 to 5 years | 1 to 5 years 31.12.20235,022.1 |
1 to 5 years 31.12.20223,859.0 |
1 to 5 years 31.12.2021933.7 |
| More than 5 years | More than 5 years 31.12.20231,118.6 |
More than 5 years 31.12.2022372.1 |
More than 5 years 31.12.2021324.4 |
| TOTAL | TOTAL31.12.20238,692.1 | TOTAL31.12.20225,650.9 | TOTAL31.12.20216,300.4 |
Estimated interest expense at 31 December 2023, as at 31 December 2022 and 31 December 2021, is not material given the outstanding debt at these dates, comprising short- term marketable instruments drawn at very short terms short/medium term bond issues, very short term miscellaneous borrowings contracted locally by subsidiaries, and lease debts.
These estimates are computed on the basis of the effective interest rate at the end of the financial year, after allowing for hedging instruments and assuming that no debt is rolled over at maturity.
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Euro (EUR) | Euro (EUR) 31.12.20236,550.6 |
Euro (EUR) 31.12.20223,065.7 |
Euro (EUR) 31.12.20214,441.4 |
| Korean Won (KRW) | Korean Won (KRW) 31.12.2023105.7 |
Korean Won (KRW) 31.12.20227.8 |
Korean Won (KRW) 31.12.2021— |
| Colombian Peso (COP) | Colombian Peso (COP) 31.12.202355.0 |
Colombian Peso (COP) 31.12.202225.2 |
Colombian Peso (COP) 31.12.202121.2 |
| Turkish lira (TRY) | Turkish lira (TRY) 31.12.202330.0 |
Turkish lira (TRY) 31.12.202246.2 |
Turkish lira (TRY) 31.12.202119.3 |
| Chilean Peso (CLP) | Chilean Peso (CLP) 31.12.202315.0 |
Chilean Peso (CLP) 31.12.20228.7 |
Chilean Peso (CLP) 31.12.20218.8 |
| US dollar (USD) | US dollar (USD) 31.12.202312.8 |
US dollar (USD) 31.12.2022822.2 |
US dollar (USD) 31.12.202159.2 |
| Uruguayan Peso (UYU) | Uruguayan Peso (UYU) 31.12.202311.9 |
Uruguayan Peso (UYU) 31.12.2022— |
Uruguayan Peso (UYU) 31.12.2021— |
| Egyptian Pound (EGP) | Egyptian Pound (EGP) 31.12.202311.7 |
Egyptian Pound (EGP) 31.12.202212.5 |
Egyptian Pound (EGP) 31.12.20218.3 |
| Kenyan Shilling (KES) | Kenyan Shilling (KES) 31.12.20239.4 |
Kenyan Shilling (KES) 31.12.202210.0 |
Kenyan Shilling (KES) 31.12.202112.9 |
| Pakistani Rupee (PKR) | Pakistani Rupee (PKR) 31.12.20235.1 |
Pakistani Rupee (PKR) 31.12.20225.2 |
Pakistani Rupee (PKR) 31.12.20218.0 |
| Indonesian Rupee (IDR) | Indonesian Rupee (IDR) 31.12.20234.0 |
Indonesian Rupee (IDR) 31.12.202210.5 |
Indonesian Rupee (IDR) 31.12.2021— |
| Filipino Peso (PHP) | Filipino Peso (PHP) 31.12.20232.4 |
Filipino Peso (PHP) 31.12.20225.9 |
Filipino Peso (PHP) 31.12.20214.3 |
| Other | Other 31.12.202324.5 |
Other 31.12.202210.4 |
Other 31.12.202146.6 |
| TOTAL | TOTAL31.12.20236,838.1 | TOTAL31.12.20224,030.3 | TOTAL31.12.20214,630.0 |
