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  "documentTitle": "2025 Q2 Shareholder Deck",
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  "notes": "Includes a waterfall chart to decompose the 8% Y/Y increase in operating expenses.",
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      "kind": "disclaimer",
      "text": "* Constant Currency adjusted measures are non-IFRS measures. See \"Use of Non-IFRS Measures\" and \"Reconciliation of IFRS to Non-IFRS Results\" for additional information. ** Last Twelve Months (LTM) represents annual performance covering the preceding 12 months relative to the last day of the quarter.",
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      "text": "As a reminder, Social Charges are payroll taxes associated with employee salaries and benefits in select countries where we operate. Since a portion of these taxes is tied to the intrinsic value of share-based compensation awards, movements in our stock price can lead to fluctuations in the taxes we accrue. This resulted in Social Charges related to share-based compensation of €115 million in current period Operating Expenses. Prior year period Operating Expenses included €58 million in Social Charges.",
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