2021 UNIVERSAL REGISTRATION DOCUMENT

5. 2021 Consolidated financial statements

5.4. Consolidated statements of changes in equity

€ millions	Common shares outstanding	Capital	Additional paid-in capital	Retained earnings and net profit	Other compre-hensive income	Treasury shares	Cumulative translation adjustments	Equity attributable to owners of the company	Non-controlling interests	Total equity
At 31.12.2018	At 31.12.2018 Common shares outstanding 559,625,527	At 31.12.2018Capital112.1	At 31.12.2018Additional paid-in capital3,070.3	At 31.12.2018Retained earnings and net profit19,847.8	At 31.12.2018Other compre-hensive income4,242.1	At 31.12.2018Treasury shares-56.5	At 31.12.2018Cumulative translation adjustments-287.4	At 31.12.2018Equity attributable to owners of the company26,928.4	At 31.12.2018Non-controlling interests5.2	At 31.12.2018Total equity26,933.6
Changes in accounting policy at 01.01.2019	Changes in accounting policy at 01.01.2019 Common shares outstanding	Changes in accounting policy at 01.01.2019 Capital	Changes in accounting policy at 01.01.2019 Additional paid-in capital	Changes in accounting policy at 01.01.2019 Retained earnings and net profit -81.5	Changes in accounting policy at 01.01.2019 Other compre-hensive income	Changes in accounting policy at 01.01.2019 Treasury shares	Changes in accounting policy at 01.01.2019 Cumulative translation adjustments	Changes in accounting policy at 01.01.2019 Equity attributable to owners of the company -81.5	Changes in accounting policy at 01.01.2019 Non-controlling interests	Changes in accounting policy at 01.01.2019 Total equity -81.5
At 01.01.2019⁽¹⁾	At 01.01.2019⁽¹⁾ Common shares outstanding 559,625,527	At 01.01.2019⁽¹⁾Capital112.1	At 01.01.2019⁽¹⁾Additional paid-in capital3,070.3	At 01.01.2019⁽¹⁾Retained earnings and net profit19,766.3	At 01.01.2019⁽¹⁾Other compre-hensive income4,242.1	At 01.01.2019⁽¹⁾Treasury shares-56.5	At 01.01.2019⁽¹⁾Cumulative translation adjustments-287.4	At 01.01.2019⁽¹⁾Equity attributable to owners of the company26,847.0	At 01.01.2019⁽¹⁾Non-controlling interests5.2	At 01.01.2019⁽¹⁾Total equity26,852.2
Consolidated net profit for the period	Consolidated net profit for the period Common shares outstanding	Consolidated net profit for the period Capital	Consolidated net profit for the period Additional paid-in capital	Consolidated net profit for the period Retained earnings and net profit 3,750.0	Consolidated net profit for the period Other compre-hensive income	Consolidated net profit for the period Treasury shares	Consolidated net profit for the period Cumulative translation adjustments	Consolidated net profit for the period Equity attributable to owners of the company 3,750.0	Consolidated net profit for the period Non-controlling interests 5.2	Consolidated net profit for the period Total equity 3,755.2
Cash flow hedges	Cash flow hedges Common shares outstanding	Cash flow hedgesCapital	Cash flow hedgesAdditional paid-in capital	Cash flow hedgesRetained earnings and net profit	Cash flow hedgesOther compre-hensive income1.1	Cash flow hedgesTreasury shares	Cash flow hedgesCumulative translation adjustments	Cash flow hedgesEquity attributable to owners of the company1.1	Cash flow hedgesNon-controlling interests-0.1	Cash flow hedgesTotal equity1.0
Cumulative translation adjustments	Cumulative translation adjustments Common shares outstanding	Cumulative translation adjustmentsCapital	Cumulative translation adjustmentsAdditional paid-in capital	Cumulative translation adjustmentsRetained earnings and net profit	Cumulative translation adjustmentsOther compre-hensive income	Cumulative translation adjustmentsTreasury shares	Cumulative translation adjustmentsCumulative translation adjustments174.1	Cumulative translation adjustmentsEquity attributable to owners of the company174.1	Cumulative translation adjustmentsNon-controlling interests	Cumulative translation adjustmentsTotal equity174.1
Hyperinflation	Hyperinflation Common shares outstanding	HyperinflationCapital	HyperinflationAdditional paid-in capital	HyperinflationRetained earnings and net profit	HyperinflationOther compre-hensive income	HyperinflationTreasury shares	HyperinflationCumulative translation adjustments14.1	HyperinflationEquity attributable to owners of the company14.1	HyperinflationNon-controlling interests	HyperinflationTotal equity14.1
Other comprehensive income that may be reclassified to profit and loss	Other comprehensive income that may be reclassified to profit and loss Common shares outstanding	Other comprehensive income that may be reclassified to profit and lossCapital	Other comprehensive income that may be reclassified to profit and lossAdditional paid-in capital	Other comprehensive income that may be reclassified to profit and lossRetained earnings and net profit	Other comprehensive income that may be reclassified to profit and lossOther compre-hensive income1.1	Other comprehensive income that may be reclassified to profit and lossTreasury shares	Other comprehensive income that may be reclassified to profit and lossCumulative translation adjustments188.2	Other comprehensive income that may be reclassified to profit and lossEquity attributable to owners of the company189.3	Other comprehensive income that may be reclassified to profit and lossNon-controlling interests-0.1	Other comprehensive income that may be reclassified to profit and lossTotal equity189.2
Financial assets at fair value through other comprehensive income	Financial assets at fair value through other comprehensive income Common shares outstanding	Financial assets at fair value through other comprehensive incomeCapital	Financial assets at fair value through other comprehensive incomeAdditional paid-in capital	Financial assets at fair value through other comprehensive incomeRetained earnings and net profit	Financial assets at fair value through other comprehensive incomeOther compre-hensive income1,598.9	Financial assets at fair value through other comprehensive incomeTreasury shares	Financial assets at fair value through other comprehensive incomeCumulative translation adjustments	Financial assets at fair value through other comprehensive incomeEquity attributable to owners of the company1,598.9	Financial assets at fair value through other comprehensive incomeNon-controlling interests	Financial assets at fair value through other comprehensive incomeTotal equity1,598.9
Actuarial gains and losses	Actuarial gains and losses Common shares outstanding	Actuarial gains and lossesCapital	Actuarial gains and lossesAdditional paid-in capital	Actuarial gains and lossesRetained earnings and net profit	Actuarial gains and lossesOther compre-hensive income-246.3	Actuarial gains and lossesTreasury shares	Actuarial gains and lossesCumulative translation adjustments	Actuarial gains and lossesEquity attributable to owners of the company-246.3	Actuarial gains and lossesNon-controlling interests	Actuarial gains and lossesTotal equity-246.3
Other comprehensive income that may not be reclassified to profit and loss	Other comprehensive income that may not be reclassified to profit and loss Common shares outstanding	Other comprehensive income that may not be reclassified to profit and lossCapital	Other comprehensive income that may not be reclassified to profit and lossAdditional paid-in capital	Other comprehensive income that may not be reclassified to profit and lossRetained earnings and net profit	Other comprehensive income that may not be reclassified to profit and lossOther compre-hensive income1,352.6	Other comprehensive income that may not be reclassified to profit and lossTreasury shares	Other comprehensive income that may not be reclassified to profit and lossCumulative translation adjustments	Other comprehensive income that may not be reclassified to profit and lossEquity attributable to owners of the company1,352.6	Other comprehensive income that may not be reclassified to profit and lossNon-controlling interests	Other comprehensive income that may not be reclassified to profit and lossTotal equity1,352.6
Consolidated comprehensive income	Consolidated comprehensive income Common shares outstanding	Consolidated comprehensive incomeCapital	Consolidated comprehensive incomeAdditional paid-in capital	Consolidated comprehensive incomeRetained earnings and net profit3,750.0	Consolidated comprehensive incomeOther compre-hensive income1,353.7	Consolidated comprehensive incomeTreasury shares	Consolidated comprehensive incomeCumulative translation adjustments188.2	Consolidated comprehensive incomeEquity attributable to owners of the company5,291.9	Consolidated comprehensive incomeNon-controlling interests5.1	Consolidated comprehensive incomeTotal equity5,297.0
Capital increase	Capital increase Common shares outstanding 1,491,678	Capital increase Capital 0.3	Capital increase Additional paid-in capital 59.9	Capital increase Retained earnings and net profit -0.1	Capital increase Other compre-hensive income	Capital increase Treasury shares	Capital increase Cumulative translation adjustments	Capital increase Equity attributable to owners of the company 60.0	Capital increase Non-controlling interests	Capital increase Total equity 60.0
Cancellation of Treasury shares	Cancellation of Treasury shares Common shares outstanding	Cancellation of Treasury shares Capital -0.8	Cancellation of Treasury shares Additional paid-in capital	Cancellation of Treasury shares Retained earnings and net profit -803.0	Cancellation of Treasury shares Other compre-hensive income	Cancellation of Treasury shares Treasury shares 803.8	Cancellation of Treasury shares Cumulative translation adjustments	Cancellation of Treasury shares Equity attributable to owners of the company	Cancellation of Treasury shares Non-controlling interests	Cancellation of Treasury shares Total equity —
Dividends paid (not paid on Treasury shares)	Dividends paid (not paid on Treasury shares) Common shares outstanding	Dividends paid (not paid on Treasury shares) Capital	Dividends paid (not paid on Treasury shares) Additional paid-in capital	Dividends paid (not paid on Treasury shares) Retained earnings and net profit -2,176.7	Dividends paid (not paid on Treasury shares) Other compre-hensive income	Dividends paid (not paid on Treasury shares) Treasury shares	Dividends paid (not paid on Treasury shares) Cumulative translation adjustments	Dividends paid (not paid on Treasury shares) Equity attributable to owners of the company -2,176.7	Dividends paid (not paid on Treasury shares) Non-controlling interests -3.6	Dividends paid (not paid on Treasury shares) Total equity -2,180.3
Share-based payment	Share-based payment Common shares outstanding	Share-based payment Capital	Share-based payment Additional paid-in capital	Share-based payment Retained earnings and net profit 144.4	Share-based payment Other compre-hensive income	Share-based payment Treasury shares	Share-based payment Cumulative translation adjustments	Share-based payment Equity attributable to owners of the company 144.4	Share-based payment Non-controlling interests	Share-based payment Total equity 144.4
Net changes in Treasury shares	Net changes in Treasury shares Common shares outstanding -3,000,000	Net changes in Treasury shares Capital	Net changes in Treasury shares Additional paid-in capital	Net changes in Treasury shares Retained earnings and net profit	Net changes in Treasury shares Other compre-hensive income	Net changes in Treasury shares Treasury shares -747.3	Net changes in Treasury shares Cumulative translation adjustments	Net changes in Treasury shares Equity attributable to owners of the company -747.3	Net changes in Treasury shares Non-controlling interests	Net changes in Treasury shares Total equity -747.3
Changes in the scope of consolidation	Changes in the scope of consolidation Common shares outstanding	Changes in the scope of consolidation Capital	Changes in the scope of consolidation Additional paid-in capital	Changes in the scope of consolidation Retained earnings and net profit	Changes in the scope of consolidation Other compre-hensive income	Changes in the scope of consolidation Treasury shares	Changes in the scope of consolidation Cumulative translation adjustments	Changes in the scope of consolidation Equity attributable to owners of the company	Changes in the scope of consolidation Non-controlling interests	Changes in the scope of consolidation Total equity
Other movements	Other movements Common shares outstanding	Other movements Capital	Other movements Additional paid-in capital	Other movements Retained earnings and net profit -0.1	Other movements Other compre-hensive income	Other movements Treasury shares	Other movements Cumulative translation adjustments	Other movements Equity attributable to owners of the company -0.1	Other movements Non-controlling interests	Other movements Total equity -0.1
At 31.12.2019	At 31.12.2019 Common shares outstanding 558,117,205	At 31.12.2019Capital111.6	At 31.12.2019Additional paid-in capital3,130.2	At 31.12.2019Retained earnings and net profit20,681.0	At 31.12.2019Other compre-hensive income5,595.8	At 31.12.2019Treasury shares	At 31.12.2019Cumulative translation adjustments-99.2	At 31.12.2019Equity attributable to owners of the company29,419.3	At 31.12.2019Non-controlling interests6.7	At 31.12.2019Total equity29,426.0
Consolidated net profit for the period	Consolidated net profit for the period Common shares outstanding	Consolidated net profit for the period Capital	Consolidated net profit for the period Additional paid-in capital	Consolidated net profit for the period Retained earnings and net profit 3,563.4	Consolidated net profit for the period Other compre-hensive income	Consolidated net profit for the period Treasury shares	Consolidated net profit for the period Cumulative translation adjustments	Consolidated net profit for the period Equity attributable to owners of the company 3,563.4	Consolidated net profit for the period Non-controlling interests 4.2	Consolidated net profit for the period Total equity 3,567.6
Cash flow hedges	Cash flow hedges Common shares outstanding	Cash flow hedgesCapital	Cash flow hedgesAdditional paid-in capital	Cash flow hedgesRetained earnings and net profit	Cash flow hedgesOther compre-hensive income105.6	Cash flow hedgesTreasury shares	Cash flow hedgesCumulative translation adjustments	Cash flow hedgesEquity attributable to owners of the company105.6	Cash flow hedgesNon-controlling interests0.2	Cash flow hedgesTotal equity105.8
Cumulative translation adjustments	Cumulative translation adjustments Common shares outstanding	Cumulative translation adjustmentsCapital	Cumulative translation adjustmentsAdditional paid-in capital	Cumulative translation adjustmentsRetained earnings and net profit	Cumulative translation adjustmentsOther compre-hensive income	Cumulative translation adjustmentsTreasury shares	Cumulative translation adjustmentsCumulative translation adjustments-801.8	Cumulative translation adjustmentsEquity attributable to owners of the company-801.8	Cumulative translation adjustmentsNon-controlling interests-0.3	Cumulative translation adjustmentsTotal equity-802.1
Hyperinflation	Hyperinflation Common shares outstanding	HyperinflationCapital	HyperinflationAdditional paid-in capital	HyperinflationRetained earnings and net profit	HyperinflationOther compre-hensive income	HyperinflationTreasury shares	HyperinflationCumulative translation adjustments11.9	HyperinflationEquity attributable to owners of the company11.9	HyperinflationNon-controlling interests	HyperinflationTotal equity11.9
Other comprehensive income that may be reclassified to profit and loss	Other comprehensive income that may be reclassified to profit and loss Common shares outstanding	Other comprehensive income that may be reclassified to profit and lossCapital	Other comprehensive income that may be reclassified to profit and lossAdditional paid-in capital	Other comprehensive income that may be reclassified to profit and lossRetained earnings and net profit	Other comprehensive income that may be reclassified to profit and lossOther compre-hensive income105.6	Other comprehensive income that may be reclassified to profit and lossTreasury shares	Other comprehensive income that may be reclassified to profit and lossCumulative translation adjustments-789.9	Other comprehensive income that may be reclassified to profit and lossEquity attributable to owners of the company -684.3	Other comprehensive income that may be reclassified to profit and lossNon-controlling interests -0.1	Other comprehensive income that may be reclassified to profit and lossTotal equity-684.4
Financial assets at fair value through other comprehensive income	Financial assets at fair value through other comprehensive income Common shares outstanding	Financial assets at fair value through other comprehensive incomeCapital	Financial assets at fair value through other comprehensive incomeAdditional paid-in capital	Financial assets at fair value through other comprehensive incomeRetained earnings and net profit	Financial assets at fair value through other comprehensive incomeOther compre-hensive income-1,228.8	Financial assets at fair value through other comprehensive incomeTreasury shares	Financial assets at fair value through other comprehensive incomeCumulative translation adjustments	Financial assets at fair value through other comprehensive incomeEquity attributable to owners of the company-1,228.8	Financial assets at fair value through other comprehensive incomeNon-controlling interests	Financial assets at fair value through other comprehensive incomeTotal equity-1,228.8
Actuarial gains and losses	Actuarial gains and losses Common shares outstanding	Actuarial gains and lossesCapital	Actuarial gains and lossesAdditional paid-in capital	Actuarial gains and lossesRetained earnings and net profit	Actuarial gains and lossesOther compre-hensive income-168.1	Actuarial gains and lossesTreasury shares	Actuarial gains and lossesCumulative translation adjustments	Actuarial gains and lossesEquity attributable to owners of the company-168.1	Actuarial gains and lossesNon-controlling interests	Actuarial gains and lossesTotal equity-168.1
Other comprehensive income that may not be reclassified to profit and loss	Other comprehensive income that may not be reclassified to profit and loss Common shares outstanding	Other comprehensive income that may not be reclassified to profit and lossCapital	Other comprehensive income that may not be reclassified to profit and lossAdditional paid-in capital	Other comprehensive income that may not be reclassified to profit and lossRetained earnings and net profit	Other comprehensive income that may not be reclassified to profit and lossOther compre-hensive income-1,396.9	Other comprehensive income that may not be reclassified to profit and lossTreasury shares	Other comprehensive income that may not be reclassified to profit and lossCumulative translation adjustments	Other comprehensive income that may not be reclassified to profit and lossEquity attributable to owners of the company-1,396.9	Other comprehensive income that may not be reclassified to profit and lossNon-controlling interests	Other comprehensive income that may not be reclassified to profit and lossTotal equity-1,396.9
Consolidated comprehensive income	Consolidated comprehensive income Common shares outstanding	Consolidated comprehensive incomeCapital	Consolidated comprehensive incomeAdditional paid-in capital	Consolidated comprehensive incomeRetained earnings and net profit3,563.4	Consolidated comprehensive incomeOther compre-hensive income-1,291.3	Consolidated comprehensive incomeTreasury shares	Consolidated comprehensive incomeCumulative translation adjustments-789.9	Consolidated comprehensive incomeEquity attributable to owners of the company1,482.1	Consolidated comprehensive incomeNon-controlling interests4.2	Consolidated comprehensive incomeTotal equity1,486.3
Capital increase	Capital increase Common shares outstanding 1,754,375	Capital increase Capital 0.4	Capital increase Additional paid-in capital 129.6	Capital increase Retained earnings and net profit -0.2	Capital increase Other compre-hensive income	Capital increase Treasury shares	Capital increase Cumulative translation adjustments	Capital increase Equity attributable to owners of the company 129.8	Capital increase Non-controlling interests	Capital increase Total equity 129.8
Cancellation of Treasury shares	Cancellation of Treasury shares Common shares outstanding	Cancellation of Treasury shares Capital	Cancellation of Treasury shares Additional paid-in capital	Cancellation of Treasury shares Retained earnings and net profit	Cancellation of Treasury shares Other compre-hensive income	Cancellation of Treasury shares Treasury shares	Cancellation of Treasury shares Cumulative translation adjustments	Cancellation of Treasury shares Equity attributable to owners of the company	Cancellation of Treasury shares Non-controlling interests	Cancellation of Treasury shares Total equity —
Dividends paid (not paid on Treasury shares)	Dividends paid (not paid on Treasury shares) Common shares outstanding	Dividends paid (not paid on Treasury shares) Capital	Dividends paid (not paid on Treasury shares) Additional paid-in capital	Dividends paid (not paid on Treasury shares) Retained earnings and net profit -2,172.6	Dividends paid (not paid on Treasury shares) Other compre-hensive income	Dividends paid (not paid on Treasury shares) Treasury shares	Dividends paid (not paid on Treasury shares) Cumulative translation adjustments	Dividends paid (not paid on Treasury shares) Equity attributable to owners of the company -2,172.6	Dividends paid (not paid on Treasury shares) Non-controlling interests -4.9	Dividends paid (not paid on Treasury shares) Total equity -2,177.5
Share-based payment	Share-based payment Common shares outstanding	Share-based payment Capital	Share-based payment Additional paid-in capital	Share-based payment Retained earnings and net profit 129.7	Share-based payment Other compre-hensive income	Share-based payment Treasury shares	Share-based payment Cumulative translation adjustments	Share-based payment Equity attributable to owners of the company 129.7	Share-based payment Non-controlling interests	Share-based payment Total equity 129.7
Net changes in Treasury shares	Net changes in Treasury shares Common shares outstanding	Net changes in Treasury shares Capital	Net changes in Treasury shares Additional paid-in capital	Net changes in Treasury shares Retained earnings and net profit	Net changes in Treasury shares Other compre-hensive income	Net changes in Treasury shares Treasury shares	Net changes in Treasury shares Cumulative translation adjustments	Net changes in Treasury shares Equity attributable to owners of the company	Net changes in Treasury shares Non-controlling interests	Net changes in Treasury shares Total equity —
Changes in the scope of consolidation	Changes in the scope of consolidation Common shares outstanding	Changes in the scope of consolidation Capital	Changes in the scope of consolidation Additional paid-in capital	Changes in the scope of consolidation Retained earnings and net profit	Changes in the scope of consolidation Other compre-hensive income	Changes in the scope of consolidation Treasury shares	Changes in the scope of consolidation Cumulative translation adjustments	Changes in the scope of consolidation Equity attributable to owners of the company	Changes in the scope of consolidation Non-controlling interests	Changes in the scope of consolidation Total equity —
Other movements	Other movements Common shares outstanding	Other movements Capital	Other movements Additional paid-in capital	Other movements Retained earnings and net profit 4.8	Other movements Other compre-hensive income	Other movements Treasury shares	Other movements Cumulative translation adjustments	Other movements Equity attributable to owners of the company 4.8	Other movements Non-controlling interests -0.1	Other movements Total equity 4.7
At 31.12.2020	At 31.12.2020 Common shares outstanding 559,871,580	At 31.12.2020Capital112.0	At 31.12.2020Additional paid-in capital3,259.8	At 31.12.2020Retained earnings and net profit22,206.0	At 31.12.2020Other compre-hensive income4,304.5	At 31.12.2020Treasury shares—	At 31.12.2020Cumulative translation adjustments-889.1	At 31.12.2020Equity attributable to owners of the company28,993.0	At 31.12.2020Non-controlling interests5.8	At 31.12.2020Total equity28,998.8

(1) After taking account of the change in accounting policy pertaining to IFRS 15 “Revenue from Contracts with Customers” (note 1).