31 – Fair value hierarchy Index28293031323334 (XLSX:) Download Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value In EUR mn Carrying amount Fair value level Valued at amortized cost Valued at fair value Total Level 1 Level 2 Level 3 Total 2023 Trade receivables 3,356 99 3,455 — 99 — 99 Equity investments — 57 57 — 34 23 57 Investment funds — 28 28 28 — — 28 Bonds 285 — 285 — — — — Derivatives designated and effective as hedging instruments — 52 52 — 52 — 52 Other derivatives — 890 890 0 890 — 890 Loans 910 — 910 — — — — Other sundry financial assets 1,610 2 1,612 — — 2 2 Net amount of assets and liabilities associated with assets held for sale n.a. 13 13 — 13 — 13 Total 6,160 1,141 7,301 28 1,088 25 1,141 2022 Trade receivables 4,086 136 4,222 — 136 — 136 Equity investments — 42 42 — — 42 42 Investment funds — 26 26 26 — — 26 Bonds 52 — 52 — — — — Derivatives designated and effective as hedging instruments — 380 380 — 380 — 380 Other derivatives — 2,867 2,867 14 2,853 — 2,867 Loans 711 — 711 — — — — Other sundry financial assets 1,850 — 1,850 — — — — Net amount of assets and liabilities associated with assets held for sale n.a. 882 882 — 58 824 882 Total 6,699 4,334 11,032 40 3,427 866 4,334 1 Excluding assets that were reclassified to held for sale (XLSX:) Download Fair value hierarchy of financial liabilities and other liabilities at fair value1 In EUR mn Carrying amount Fair value level Valued at amortized cost Valued at fair value Total Level 1 Level 2 Level 3 Total 2023 Trade payables 3,955 — 3,955 — — — — Bonds 6,073 — 6,073 — — — — Lease liabilities 1,585 — 1,585 — — — — Other interest-bearing debt 1,470 — 1,470 — — — — Liabilities on derivatives designated and effective as hedging instruments — 67 67 — 67 — 67 Liabilities on other derivatives — 469 469 37 432 — 469 Other sundry financial liabilities 1,204 — 1,204 — — — — Other liabilities at fair value2 — 28 28 — 28 — 28 Total 14,287 564 14,851 37 528 — 564 2022 Trade payables 5,259 — 5,259 — — — — Bonds 7,320 — 7,320 — — — — Lease liabilities 1,476 — 1,476 — — — — Other interest-bearing debt 1,487 — 1,487 — — — — Liabilities on derivatives designated and effective as hedging instruments — 44 44 — 44 — 44 Liabilities on other derivatives — 1,571 1,571 0 1,571 — 1,571 Other sundry financial liabilities 1,047 — 1,047 — — — — Other liabilities at fair value2 — 132 132 — 132 — 132 Total 16,589 1,747 18,336 0 1,747 — 1,747 1 Excluding liabilities that were reclassified to held for sale 2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia. (XLSX:) Download Financial liabilities for which fair values are disclosed In EUR mn Carrying amount Fair value Fair value level Level 1 Level 2 Level 3 2023 Bonds 6,073 5,766 5,766 — — Other interest-bearing debt 1,470 1,349 — 1,349 — Financial liabilities 7,543 7,115 5,766 1,349 — 2022 Bonds 7,320 6,747 6,747 — — Other interest-bearing debt 1,487 1,320 — 1,320 — Financial liabilities 8,807 8,067 6,747 1,320 — The table above shows the carrying amount and fair value of financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information of other financial assets and liabilities measured at amortized costs, as the carrying amount represents an adequate approximation to the fair value. 30 – Risk management32 – Offsetting of financial assets and financial liabilities