Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 416

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 416
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 US dollar        |    966 |        |       |       |       |       |               |
| % fixed-rate              |    90% |        |       |       |       |       |               |
| Floating-rate debt        |  1,566 |  1,502 |    32 |     1 |     1 |     1 |            29 |
| of which euro             |      — |        |       |       |       |       |               |
| of which US dollar        |  1,221 |        |       |       |       |       |               |
| % floating-rate           |    10% |        |       |       |       |       |               |
| Debt                      | 16,158 |  4,218 | 3,042 | 1,151 | 1,667 | 1,301 |         4,779 |
| Cash and cash equivalents | -7,441 | -7,441 |     — |     — |     — |     — |             — |
| of which euro             | -2,945 |        |       |       |       |       |               |
| of which US dollar        | -4,204 |        |       |       |       |       |               |
| % floating-rate           |   100% |        |       |       |       |       |               |
| Net debt                  |  8,717 | -3,223 | 3,042 | 1,151 | 1,667 | 1,301 |         4,779 |

Sanofi issues debt in two currencies, the euro and the US dollar, and also invests its cash and cash equivalents in those currencies. Sanofi also operates cash pooling arrangements to manage the surplus cash and short-term liquidity needs of foreign subsidiaries located outside the euro zone.

| SANOFIFORM 20-F2024 | F-61 |

| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |

To optimize the cost of debt or reduce the volatility of debt and manage its exposure to financial foreign exchange risk, Sanofi

uses derivative instruments (interest rate swaps, currency swaps, foreign exchange swaps and forward contracts) that alter the

fixed/floating rate split and the currency split of its net debt:

| (€ million)               |  Total |   2025 |  2026 |  2027 |  2028 |  2029 |