Operating Assets, Liabilities, and Contingent Liabilities

(26) Contract assets

Accounting and measurement policies

Contract assets

Contract assets represent contractual claims to receive payment from customers for whom the contractual performance obligation has already been fulfilled, although an unconditional claim to payment has yet to arise.

The following table shows the change in contract assets:

Contract assets

€ million

 

2024

 

2023

Jan. 1

 

104

 

128

Additions due to business combinations

 

1

 

Other additions

 

398

 

339

thereof: attributable to performance obligations satisfied in prior periods

 

 

Disposals due to divestments/Reclassification to assets held for sale

 

 

Reclassification to trade accounts receivable

 

-373

 

-361

Currency translation

 

2

 

-3

Other

 

 

Dec. 31

 

132

 

104

Contract assets resulted in particular from rendering services and manufacturing of products in the Life Science and Electronics business sectors.

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