2017 | 2016 | 2015 | ||||||||||
Interest expense | (1,571.6 | ) | (1,547.3 | ) | (1,062.6 | ) | ||||||
Capitalized borrowings | 2.3 | 3.9 | 26.0 | |||||||||
Net Interest on pension plans | (77.6 | ) | (105.6 | ) | (97.6 | ) | ||||||
Losses on hedging instruments | (616.7 | ) | (1,575.1 | ) | (1,267.0 | ) | ||||||
Interest on provision for disputes and litigations | (225.9 | ) | (619.5 | ) | (120.1 | ) | ||||||
Exchange variation | (339.5 | ) | (310.4 | ) | (721.8 | ) | ||||||
Tax on financial transactions | (179.7 | ) | (224.6 | ) | (146.4 | ) | ||||||
Bank guarantee expenses | (89.5 | ) | (87.1 | ) | (80.8 | ) | ||||||
Other financial results | (193.3 | ) | (132.2 | ) | (92.1 | ) | ||||||
(3,291.5 | ) | (4,597.9 | ) | (3,562.4 | ) | |||||||
Non-recurring finance cost | (976.8 | ) | - | - | ||||||||
(4,268.3 | ) | (4,597.9 | ) | (3,562.4 | ) |