Net industrial debt

€ million 12/31/2018 12/31/2018 12/31/2017
Net industrial debt (1) (340) (472) (473)
Funded portion of the self-liquidating financial receivables portfolio 793 731 685
Net debt (1,133) (1,203) (1,158)
Cash and cash equivalents 794 650 648
Gross debt (1,927) (1,853) (1,806)
(1) Net industrial debt is defined as net debt excluding the funded portion of the self-liquidating financial receivables portfolio.
Commercial Register No.64236277 Note legali | Credits