Saint-Gobain // Universal Registration Document 2021

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Financial and accounting information 2021 Consolidated Financial Statements

10.3.1.4 Cash and cash equivalents

amounts of cash and subject to an insignificant risk of changes in value. Marketable securities are measured at fair value through profit or loss.

Cash and cash equivalents mainly consist of bank accounts and marketable securities that are short-term ( i.e. , generally with maturities of less than three months), highly liquid investments readily convertible into known

Long- and short-term debt consists of the following:

Dec. 31, 2021

Dec. 31, 2020

(in EUR millions) Bond issues

8,521

9,469

Perpetual bonds and participating securities

203 280 190

203 280 227

Long-term securitization

Other long-term financial liabilities

NON-CURRENT PORTION OF LONG-TERM DEBT

9,194 1,000

10,179

Bond issues

1,500

Long-term securitization

220

220

Other long-term financial liabilities

116

126

CURRENT PORTION OF LONG-TERM DEBT

1,336

1,846

Short-term financing programs (NEU CP, US CP, Euro CP)

0

0

Short-term securitization

263 282 545

144 357 501

Bank overdrafts and other short-term financial liabilities

SHORT-TERM DEBT

TOTAL GROSS DEBT EXCLUDING LEASE LIABILITIES

11,075

12,526 3,098 15,624 (1,559) (6,884) (8,443)

Lease liabilities

3,155

TOTAL GROSS DEBT

14,230 (1,725) (5,218) (6,943)

Cash at banks

Mutual funds and other marketable securities

CASH AND CASH EQUIVALENTS

TOTAL NET DEBT

7,287

7,181

Changes in the Group’s long-term debt (excluding lease liabilities) can be analyzed as follows:

Dec. 31, 2020

Cash impact

No cash impact

Dec. 31, 2021

Changes in Group structure

Translation adjustments

Increases

Decreases

Other (1,016)

(in EUR millions)

Non-current portion of long-term debt Current portion of long-term debt

10,179 1,846 12,025

42

(77)

0

66

9,194 1,336

10

(1,507) (1,584)

1

1

985 (31)

TOTAL LONG-TERM DEBT

52

1

67

10,530

The main changes with an impact on cash are described in note 10.3.3. The main change with no cash impact in the “Other” column relates to the reclassification of debt maturing within 12 months in the current portion of long-term debt.

The fair value of gross long-term debt (including the current portion), excluding lease liabilities, managed by Compagnie de Saint-Gobain amounts to €10.4 billion at December 31, 2021 (carrying amount: €9.8 billion). The fair value of bonds corresponds to the market price at the last cotation of the year. For other borrowings, fair value is considered equal to the amount repayable.

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 322

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