44.2 Financial liabilities by category

The following table shows the carrying amount for each category of financial liability provided for under IFRS 9, broken down into current and non-current financial liabilities, showing hedging derivatives and derivatives measured at fair value through profit or loss separately.

Millions of euro Notes Non-current Current
    at Dec. 31, 2020 at Dec. 31, 2019 at Dec. 31, 2020 at Dec. 31, 2019
Financial liabilities measured at amortized cost 44.2.1 50,254 54,931 29,598 28,261
Financial liabilities at fair value through profit or loss          
Derivative financial liabilities at FVTPL 44.4 29 20 2,887 2,981
Total financial liabilities at fair value through profit or loss   29 20 2,887 2,981
Derivative financial liabilities designated as hedging instruments          
Fair value hedge derivatives 44.4 - 1 - -
Cash flow hedge derivatives 44.4 3,577 2,386 644 573
Total derivative financial liabilities designated as hedging instruments   3,577 2,387 644 573
TOTAL   53,860 57,338 33,129 31,815


For more information on fair value measurement, please see note 48 “Liabilities measured at fair value”.

44.2.1 Financial liabilities measured at amortized cost

The following table shows financial liabilities at amortized cost by nature, broken down into current and non-current financial liabilities.

Millions of euro   Non-current   Current
  Notes at Dec. 31, 2020 at Dec. 31, 2019 Note at Dec. 31, 2020 at Dec. 31, 2019
Long-term borrowings 44.3 49,519 54,174 44.3 3,168 3,409
Short-term borrowings   - - 44.3 6,345 3,917
Trade payables 41 577 638 41 12,282 12,322
Other financial liabilities   158 119   7,803 8,613
Total   50,254 54,931   29,598 28,261