Leases (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Reconciliation of Lease Liabilities Related to Lease Commitments

Below is a reconciliation of lease liabilities related to lease commitments as of the date recognized due to the modified retrospective application of IFRS 16:

	January 1, 2019
	(in € millions)
Total lease commitments as of December 31, 2018		833
Impact of discounting remaining lease payments		(285	)
Recognition exemption for short-term leases		(7	)
Total lease liabilities included in the consolidated statement of financial position at January 1, 2019		541
Current		20
Non-current		521
Total		541

Summary of Roll-forward of Lease Right-of-use Assets

The Group’s right of use assets are comprised of leased office space. Below is the roll-forward of lease right-of-use assets:

Right of use assets
	(in € millions)
Cost
At January 1, 2019		471
Increases		138
Acquired in business combinations		11
Decreases		(39	)
Exchange differences		6
At December 31, 2019		587
Accumulated depreciation
At January 1, 2019		(75	)
Depreciation charge		(42	)
Decreases		21
Exchange differences		(2	)
At December 31, 2019		(98	)
Cost, net accumulated depreciation
At January 1, 2019		396
At December 31, 2019		489

Summary of Maturity Analysis of Lease Liabilities

Below is the maturity analysis of lease liabilities:

Lease liabilities	December 31, 2019
Maturity Analysis	(in € millions)
Less than one year		79
One to five years		317
More than five years		589
Total lease commitments		985
Impact of discounting remaining lease payments		(324	)
Lease incentives receivable		(32	)
Total lease liabilities		629
Lease liabilities included in the consolidated statement of financial position
Current		7
Non-current		622
Total		629

(1)

Excluded from the lease commitments above are short-term leases that are not recognized under IFRS 16 based on the Group’s election of the practical expedient. Additionally, the Group has entered into certain lease agreements with approximately €19 million of commitments, which have not commenced as of December 31, 2019, and as such, have not been recognized on the consolidated statement of financial position.