Net Cash Provided by (Used in) Investing Activities

The net cash outflow for investing activities in 2016 amounted to €8,729 million (2015: €2,762 million).

Additions to property, plant and equipment and intangible assets in 2016 resulted in a cash outflow of €2,578 million (2015: €2,517 million). Cash inflows from sales of property, plant and equipment and intangible assets amounted to €111 million (2015: €193 million).

The net cash outflow for noncurrent and current financial assets amounted to €6,335 million (2015: €370 million).

The transfers of bonds in the total amount of €450 million (2015: €300 million) to pension funds were noncash transactions and therefore did not result in investing cash inflows.