26 Noncurrent and current other financial liabilities
(XLS:)
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|
CARRYING AMOUNT |
CARRYING AMOUNT |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
Current |
Noncurrent |
Dec. 31, 2019 |
Current |
Noncurrent |
Dec. 31, 2018 |
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|
|
|
|
|
|
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Negative fair values of derivative financial instruments |
2,245 |
1,950 |
4,195 |
1,439 |
1,134 |
2,573 |
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Interest payable |
691 |
116 |
807 |
661 |
113 |
774 |
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Miscellaneous financial liabilities |
7,922 |
2,434 |
10,356 |
7,316 |
1,972 |
9,288 |
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|
10,858 |
4,499 |
15,358 |
9,416 |
3,219 |
12,635 |
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The negative fair values of derivatives relate to the following items:
| (XLS:)
Download |
€ million |
Dec. 31, 2019 |
Dec. 31, 2018 |
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|---|---|---|---|---|
|
|
|
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Transactions for hedging |
|
|
||
foreign currency risk from assets using fair value hedges |
107 |
65 |
||
foreign currency risk from liabilities using fair value hedges |
5 |
10 |
||
interest rate risk using fair value hedges |
97 |
61 |
||
interest rate risk using cash flow hedges |
53 |
17 |
||
foreign currency and price risk from future cash flows (cash flow hedges) |
2,172 |
936 |
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Hedging transactions Total |
2,435 |
1,088 |
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Liabilities related to derivatives not included in hedging relationships |
1,760 |
1,484 |
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Total |
4,195 |
2,573 |
Negative fair values of €63 million (previous year: €22 million) were recognized from transactions for hedging interest rate risk (fair value hedges) used in portfolio hedges.
Further details on derivative financial instruments as a whole are given in the section entitled “Financial risk management and financial instruments".