Balance sheet

Assets
€ million	Note no.	30/9/2022	30/9/2023
Non-current assets		7,722	6,929
Goodwill	17	647	712
Other intangible assets	17	572	623
Property, plant and equipment	18	5,735	5,091
Investment properties	19	172	106
Financial assets		84	71
Investments accounted for using the equity method		108	97
Other financial assets	20	100	60
Other non-financial assets	20	17	18
Deferred tax assets	21	287	151
Current assets		5,132	4,718
Inventories	22	2,455	2,242
Trade receivables	23	601	674
Financial assets		3	1
Other financial assets	20	588	591
Other non-financial assets	20	339	347
Entitlements to income tax refunds		102	92
Cash and cash equivalents	25	825	591
Assets held for sale	26	219	180
		12,855	11,648

Equity and liabilities
€ million	Note no.	30/9/2022	30/9/2023
Equity	27	2,365	2,022
Share capital		363	363
Capital reserve		4,754	4,754
Reserves retained from earnings		−2,774	−3,106
Equity before non-controlling interests		2,344	2,011
Non-controlling interests		21	11
Non-current liabilities		3,813	3,526
Provisions for post-employment benefits plans and similar obligations	28	360	351
Other provisions	29	163	166
Financial liabilities	30, 32, 42	3,065	2,838
Other financial liabilities	30, 33	39	26
Other non-financial liabilities	30, 33	33	54
Deferred tax liabilities		153	90
Current liabilities		6,677	6,100
Trade liabilities	34, 35	3,855	3,667
Provisions		316	305
Financial liabilities	30, 32, 42	1,059	825
Other financial liabilities	30, 33	896	857
Other non-financial liabilities	30, 33	283	241
Income tax liabilities		267	205
		12,855	11,648