To estimate the Net Debt / EBITDA ratio for 2022 according to S&P methodology, we identify the necessary components from the provided data as of the end of 2022 (noted as 2023-01-01 in the report for the financial position): **1. EBITDA:** The provided "Gross Operating Income EBITDA" for the period 2022-01-01 to 2023-01-01 is 1,505,000,000 EUR. **2. Net Debt:** In S&P methodology, Net Debt generally consists of total financial debt (current and non-current) minus cash and cash equivalents. * **Other Noncurrent Financial Liabilities:** 5,867,000,000 EUR * **Other Current Financial Liabilities:** 1,022,000,000 EUR * **Total Debt:** 5,867,000,000 + 1,022,000,000 = 6,889,000,000 EUR * **Cash and Cash Equivalents:** 2,584,000,000 EUR * **Net Debt:** 6,889,000,000 - 2,584,000,000 = 4,305,000,000 EUR **3. Ratio Calculation:** Net Debt / EBITDA = 4,305,000,000 / 1,505,000,000 ≈ 2.860465 Rounding to a standard representation: 2.86