Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 417

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 417
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16,386 | 85%  |
| Floating-rate debt        |  5,191 | 31%  |   2,886 | 15%  |
| Debt                      | 16,573 | 100% |  19,273 | 100% |
| Cash and cash equivalents | -8,738 |      | -12,781 |      |
| Net debt                  |  7,835 |      |   6,492 |      |

The weighted average interest rate on debt as of December 31, 2024 was 1.7% before derivative instruments and 2.1% after derivative instruments. Cash and cash equivalents were invested as of December 31, 2024 at an average rate of 4.2% before derivative instruments and 4.1% after derivative instruments. The projected full-year sensitivity of net debt to interest rate fluctuations for 2025 is as follows:

| Change in short-term interest rates | Impact on pre-tax netincome(€ million) | Impact on pre-taxincome/(expense) recognizeddirectly in equity(€ million) |
| +100 bp                             |                                     34 | —                                                                         |
| +25 bp                              |                                      8 | —                                                                         |
| -25 bp                              |                                     -8 | —                                                                         |
| -100 bp                             |                                    -34 | —                                                                         |

e) Debt by currency, at value on redemption The table below shows net debt by currency at December 31, 2024 , before and after derivative instruments contracted to

convert the foreign-currency net debt of exposed entities into their functional currency:

| (€ million)           | Before derivative instruments | After derivative instruments |
| Euro                  |                        10,681 |                        7,285 |
| US dollar             |                        -2,017 |                        2,502 |
| Singapore dollar      |                            -3 |                         -822 |
| Hungarian forint      |                             — |                         -641 |
| Chinese yuan renminbi |                           -10 |                          226 |
| Other currencies      |                            65 |                          256 |
| Net debt              |                         8,717 |                        8,806 |

| F-62 | SANOFIFORM 20-F2024 |

| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |

The table below shows net debt by currency at December 31, 2023 and 2022 , after derivative instruments contracted to convert

the foreign currency net debt