To estimate the S&P-adjusted debt-to-EBITDA ratio for ENGIE for the fiscal year 2022, we follow the prescribed workflow:

### 1. Industry Identification
ENGIE is a global energy player, primarily involved in power generation (including renewables), energy infrastructure (networks), and energy services. Given its heavy involvement in regulated networks and long-term energy contracts, it aligns best with the **Regulated Utilities** and **Unregulated Power and Gas** categories. We use these methodologies for adjustments.

### 2. Estimate Adjusted_Debt
*   **Reported Debt:** We aggregate `Longterm Borrowings` (30,458M) and `Current Borrowings And Current Portion Of Noncurrent Borrowings` (10,590M). Total = 41,048M.
*   **Other Debt-like Items:** Derivatives are significant for energy companies. Per standard S&P practice for utilities/energy, we often net out financial assets against liabilities or account for derivative volatility. Using the net balance of non-current and current financial derivatives and borrowings:
    *   Debt: 41,048M
    *   Minus Cash and Cash Equivalents: 13,890M
    *   *Note:* Adjustments for leases, pensions, and non-recourse debt are typical, but given the provided data constraints, we focus on reported borrowings net of cash: 41,048 - 13,890 = 27,158M.

### 3. Estimate Adjusted_EBITDA
*   **Reported EBITDA:** We reconstruct EBITDA by taking `Current Operating Income Including Operating Mtm` (4,309M) and adding back `Depreciation Amortization And Provisions` (5,187M).
    *   EBITDA = 4,309 + 5,187 = 9,496M.
*   **Adjustments:**
    *   Add back `Expense Of Restructuring Activities`: 230M.
    *   Add back `Other Non Recurring Items` (loss of 1,328M): +1,328M (since it is a loss).
    *   Adjust for `Share Of Profit Loss Of Associates And Joint Ventures`: +1,059M.
    *   Adjusted_EBITDA ≈ 9,496 + 230 + 1,328 + 1,059 = 12,113M.

### 4. Calculate Ratio
*   **Adjusted_Debt / Adjusted_EBITDA:**
    *   27,158 / 12,113 = 2.2416...

Rounding to two decimal places:

<answer>2.24</answer>