Reconciliation of net debt

(in € million)

 

2019

 

2018

Credit facilities (principal amount)

 

1,560.9

 

1,592.2

Lease liabilities

 

53.5

 

26.5

Gross total debt

 

1,614.4

 

1,618.7

Cash and cash equivalents

 

261.0

 

157.1

Net total debt

 

1,353.4

 

1,461.6

Total net leverage ratio

 

2.8x

 

3.2x