The table below presents the categories of financial instruments, their carrying amount and their fair value, by item in the consolidated statement of financial position.
The fair value hierarchy used in classifying financial instruments is provided for in IFRS 13 “Fair Value Measurement” as defined in note 2.3.
| FINANCIAL ASSETS (in millions of euros) | CATEGORY | NOTE | AUGUST 31, 2025 | FAIR VALUE LEVEL | ||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |||
| Marketable securities | Cash | 12.2 | 92 | 92 | 92 | — | — | 92 |
| Trade and other receivables(1) | Financial assets at amortized cost | 4.3 | 3,567 | 3,567 | — | — | — | — |
| Other financial assets(2) | Financial assets at fair value through other comprehensive income | 12.3 | 198 | 198 | — | — | 198 | 198 |
| Financial assets at amortized cost | 12.3 | 162 | 162 | — | — | — | — | |
| Financial assets at fair value through profit or loss | 12.3 | 64 | 64 | — | — | 64 | 64 | |
| Derivative financial instrument assets | Derivative financial instruments | 12.5 | 4 | 4 | — | 4 | — | 4 |
| FINANCIAL LIABILITIES (in millions of euros) | CATEGORY | NOTE | AUGUST 31, 2025 | FAIR VALUE LEVEL | ||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |||
| Bond issues(1) | Financial liabilities at amortized cost | 12.4 | 4,752 | 4,853 | — | — | — | — |
| Other borrowings | Financial liabilities at fair value (through shareholders' equity)(2) | 12.4 | 1 | 1 | — | — | 1 | 1 |
| Financial liabilities at amortized cost | 12.4 | 4 | 4 | — | — | — | — | |
| Trade and other payables | Financial liabilities at amortized cost | 4.3 | 4,670 | 4,670 | — | — | — | — |
| Derivative financial instrument liabilities | Derivative financial instruments | 12.5 | 24 | 24 | — | 24 | — | 24 |
| FINANCIAL ASSETS(in millions of euros) | CATEGORY | NOTE | AUGUST 31, 2024 | FAIR VALUE LEVEL | ||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |||
| Marketable securities | Cash | 12.2 | 65 | 65 | 65 | — | — | 65 |
| Trade and other receivables | Financial assets at amortized cost | 4.3 | 3,509 | 3,509 | — | — | — | — |
| Other financial assets | Financial assets at fair value through other comprehensive income | 12.3 | 198 | 198 | — | — | 198 | 198 |
| Financial assets at amortized cost | 12.3 | 164 | 164 | — | — | — | — | |
| Financial assets at fair value through profit or loss | 12.3 | 55 | 55 | — | — | 55 | 55 | |
| Derivative financial instrument assets | Derivative financial instruments | 12.5 | 2 | 2 | — | 2 | — | 2 |
| FINANCIAL LIABILITIES (in millions of euros) | CATEGORY | NOTE | AUGUST 31, 2024 | FAIR VALUE LEVEL | ||||
|---|---|---|---|---|---|---|---|---|
| CARRYING AMOUNT | FAIR VALUE | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |||
| Bond issues(1) | Financial liabilities at amortized cost | 12.4 | 4,699 | 4,406 | — | — | — | — |
| Other borrowings | Financial liabilities at fair value (through shareholders' equity)(2) | 12.4 | 2 | 2 | — | — | 2 | 2 |
| Financial liabilities at amortized cost | 12.4 | 4 | 4 | — | — | |||
| Trade and other payables | Financial liabilities at amortized cost | 4.3 | 4,648 | 4,648 | — | — | — | — |
| Derivative financial instrument liabilities | Derivative financial instruments | 12.5 | 31 | 31 | — | 31 | — | 31 |
There were no transfers between the various fair value hierarchy levels between Fiscal 2024 and Fiscal 2025.
