Information regarding the fair value of financial instruments

The carrying amounts of the cash and cash equivalents (as of June 30, 2022: € 3,827 million; as of December 31, 2021: € 4,591 million; as of June 30, 2021: € 3,434 million), trade receivables and other financial assets (as of June 30, 2022: € 10,343 million; as of December 31, 2021: € 9,462 million; as of June 30, 2021: € 8,268 million) approximate the fair values as of the balance sheet date.

The carrying amounts of the trade liabilities, the other and miscellaneous financial liabilities (as of June 30, 2022: € 9,657 million; as of December 31, 2021: € 9,684 million; as of June 30, 2021: € 8,485 million) as well as the current financial debt approximate the fair values as of the balance sheet date.

As of June 30, 2022, receivables and other assets amounted to € 1,235 million (as of December 31, 2021: € 813 million; as of June 30, 2021: € 721 million) to non-financial assets. As of June 30, 2022, of the total figure stated for other liabilities, € 2,508 million (as of December 31, 2021: € 2,637 million; as of June 30, 2021: € 2,273 million) to non-financial liabilities.

The fair value of the non-current financial debt amounted to € 28,213 million as of June 30, 2022 (as of December 31, 2021: € 31,403 million; as of June 30, 2021: € 30,544 million).

The derivative 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 2022.