Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 418

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 418
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 of exposed entities into their functional currency:

| (€ million)      |  2023 |   2022 |
| Euro             | 6,852 | 10,489 |
| US dollar        | 1,169 | -2,404 |
| Other currencies |  -186 | -1,593 |
| Net debt         | 7,835 |  6,492 |

f) Market value of net debt The market value of Sanofi’s debt, net of cash and cash equivalents and derivatives and excluding accrued interest, is as follows:

| (€ million)         |  2024 |  2023 |  2022 |
| Market value        | 8,165 | 7,086 | 5,227 |
| Value on redemption | 8,806 | 7,835 | 6,492 |

The fair value of net debt is determined by reference to quoted market prices at the balance sheet date in the case of quoted instruments (level 1 in the IFRS 7 hierarchy, see Note D.12.), and by reference to the fair value of interest rate and currency derivatives used to manage net debt (level 2 in the IFRS 7 hierarchy, see Note D.12.). g) Future contractual cash flows relating to debt and related derivatives The table below shows the amount of future undiscounted contractual cash flows (principal and interest) relating to debt and to

derivative instruments designated as hedges of debt:

| December 31, 2024                                | (€ million) | Payments due by period 
                  Total |  2025 |  2026 |  2027 |  2028 |  2029 |
|:-------------------------------------------------|------------:|-----------------------:|------:|------:|------:|------:|------:|
| Debt                                             |      17,077 |                  4,328 | 3,226 | 1,288 | 1,780 | 1,388 | 5,067 |
| Principal                                        |      16,049 |                  4,105 | 3,047 | 1,151 | 1,667 | 1,300 | 4,779 |
| Interest(a)                                      |       1,028 |                    223 |   179 |   137 |   113 |    88 |   288 |
| Net cash flows related to derivative instruments |         161 |