Note 37 Property, plant, equipment and right-of-use assets

Property, plant and equipment

€ million	Land and buildings	Other plant and equipment	Assets under construction	Total
As at 1 January 2022
Historical cost	168	519	22	709
Accumulated depreciation and impairments	-52	-437	-	-489

Carrying amount as at 1 January 2022	116	82	22	220

Movements 2022
Investments	-	4	61	65
Divestments	-2	-	-1	-3
Depreciation	-5	-41	-	-46
Reclassifications and other movements	2	10	-13	-1
Total	-5	-27	47	15

As at 31 December 2022
Historical cost	166	524	69	759
Accumulated depreciation and impairments	-55	-469	-	-524

Carrying amount as at 31 December 2022	111	55	69	235

Movements 2023
Investments	-	7	42	49
Depreciation	-6	-29	-	-35
Reclassifications and other movements	78	17	-96	-1
Total	72	-5	-54	13

As at 31 December 2023
Historical cost	244	316	15	575
Accumulated depreciation and impairments	-61	-266	-	-327

Carrying amount as at 31 December 2023	183	50	15	248

Investments

Investments in property, plant and equipment during the financial year totalled €49 million (2022: €65 million). They related to investments in hardware, software and accommodation.

Right-of-use assets

€ million	Land and buildings	Other plant and equipment	Total
As at 1 January 2022
Historical cost	73	77	150
Accumulated depreciation and impairments	-8	-40	-48

Carrying amount as at 1 January 2022	65	37	102

Movements 2022
Investments	1	7	8
Depreciation	-6	-13	-19
Reclassifications and other movements	15	-	15
Reclassification to assets held for sale	-	-2	-2
Total	10	-8	2

As at 31 December 2022
Historical cost	85	71	156
Accumulated depreciation and impairments	-10	-42	-52

Carrying amount as at 31 December 2022	75	29	104

Movements 2023
Investments	2	23	25
Depreciation	-7	-14	-21
Reclassifications and other movements	5	-2	3
Total	-	7	7

As at 31 December 2023
Historical cost	92	90	182
Accumulated depreciation and impairments	-17	-54	-71

Carrying amount as at 31 December 2023	75	36	111

These assets relate to business premises and lease vehicles. The lease adjustments relate among others to expansions and indexations.