14 Trade and other payables
millions of € |
|
|
|---|---|---|
|
Dec. 31, 2023 |
Dec. 31, 2022 |
Trade payables |
10,778 |
11,981 |
Other liabilities |
138 |
54 |
|
10,916 |
12,035 |
The carrying amount of trade and other payables decreased by EUR 1.1 billion year-on-year to EUR 10.9 billion, due in particular to lower liabilities in the United States operating segment, primarily as a result of a lower procurement volume. Exchange rate effects, in particular from the translation from U.S. dollars into euros, also decreased the carrying amount. By contrast, the Germany and Europe operating segments recorded an increase in liabilities.
Of the total of trade and other payables, EUR 10,778 million (December 31, 2022: EUR 11,981 million) is due within one year.