5 9.1.1. Debt by type €  millions 31.12.2021 31.12.2020 31.12.2019 Non-current Current Non-current Current Non-current Current Short-term marketable instruments (1) - 2,507.0 - 706.4 - 601.1 MLT bank loans - - - - - - Lease debt 1,247.5 422.8 1,294.7 386.9 1,628.0 407.9 Overdrafts - 118.7 - 61.6 - 136.8 Other borrowings and debt (2) 10.7 1,993.7 8.6 88.3 9.6 103.3 TOTAL 1,258.2 5,042.2 1,303.3 1,243.2 1,637.6 1,249.1 To finance the repurchase of its own shares from Nestlé (see note 2.3.), the Group: (1) issued commercial paper (€2,300  million) and (2) took out a bridging loan (€1,904 million). 9.1.2. Change in debt € millions 31.12.2020 Cash-flows “Non-cash” changes 31.12.2021 Changes in the scope of consolidation Translation adjustments Changes in fair value Other Short-term marketable instruments 706.5 1,787.7 - 12.9 - - 2,507.1 MLT bank loans - - - - - - - Lease debt 1,681.5 -396.4 2.3 69.1 - 313.8 1,670.3 Overdrafts 61.7 55.9 - 1.1 - - 118.7 Other borrowings and debt 96.9 2,095.7 1.1 -12.6 - -176.7 2,004.4 TOTA L 2,546.5 3,542.9 3.4 70.5 - 137.1 6,300.4 9.1.3. Debt by maturity date €  millions 31.12.20 21 31.12.2020 31.12.2019 Less than 1 year (1) 5,042.2 1,243.2 1,249.1 1 to 5 years 933.7 994.8 1,162.3 More than 5 years 324.4 308.5 475.3 TOTAL 6,300.4 2,546.5 2,886.7 (1) At 31 December 2021 the Group had confirmed undrawn credit lines for €5,000 million compared with €5,363.0 million at 31 December 2020 and €3,801.1 million at 31 Dec ember 2019. These lines were not subject to any covenants. Estimated interest expense at 31   Dec ember 2021, as at 31  December 2020 and 31  Dec ember 2019, is not material given the outstanding debt at these dates, comprising short- term marketable instruments drawn at very short terms and at negative interest rates in France, very short-term miscellaneous borrowings contracted locally by subsidiaries, and lease debts. These estimates are computed on the basis of the effective interest rate at the end of the financial year, after allowing for hedging instruments and assuming that no debt is rolled over at maturity. Debt at 01.01.2021 Cash-flows Change in the scope « non cash » changes Translation Other Debt at 31.12.2021 2,547 3,543 3 71 137 6,300 L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 323 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements