Information regarding the fair value of financial instruments

The carrying amounts of the cash and cash equivalents, trade receivables and other financial assets (€ 7,042 million) approximate the fair values as of the balance sheet date.

The carrying amounts of the trade payables, the other and miscellaneous financial liabilities (€ 7,211 million) as well as the current financial debt approximate the fair values as of the closing date.

Of the figure stated for receivables and other assets as of June 30, 2020, € 739 million was attributable to non-financial assets (as of December 31, 2019: € 637 million; as of June 30, 2019: € 682 million). Of the figure stated for other liabilities as of June 30, 2020, € 2,499 million was attributable to non-financial liabilities (as of December 31, 2019: € 2,451 million; as of June 30, 2019: € 2,335 million).

The fair value of the non-current financial debt amounted to € 28,383 million as of June 30, 2020 (as of December 31, 2019: € 25,973 million; as of June 30, 2019: € 26,932 million).

The financial instruments recognized at fair value are classified under valuation level 2 and to a lesser extent under valuation level 1. There have been no reclassifications between the valuation levels in the first half of 2020.