v3.24.1.1.u2
Financial risk management - Disclosure of detailed information about hedging instruments (Details)
£ in Millions
12 Months Ended
Mar. 31, 2024
GBP (£)
Mar. 31, 2023
GBP (£)
Mar. 31, 2022
GBP (£)
Mar. 31, 2024
$ / £
Mar. 31, 2024
€ / £
Mar. 31, 2024
$ / €
Mar. 31, 2024
Mar. 31, 2023
$ / £
Mar. 31, 2023
€ / £
Mar. 31, 2023
$ / €
Mar. 31, 2023
Mar. 31, 2021
GBP (£)
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges £ 240 £ 0 £ (57)                  
Net gains/(losses) in respect of cost of hedging 26 (16) 1                  
Net gains (losses) in respect of net investment hedges 62 (198) (125)                  
Other equity reserves – cost of hedging balances (3,990) (3,860) (4,563)                 £ (5,094)
Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (18) (38) £ (29)                 £ (28)
Fair value hedges | Foreign currency and interest rate risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 0 0                    
Net gains/(losses) in respect of cost of hedging 0 4                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges 0 0                    
Transferred to profit or loss in respect of cost of hedging 1 0                    
Reclassification of foreign currency translation reserve   0                    
Fair value hedges | Foreign currency and interest rate risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate         1.11 1.07     1.11 1.13    
Fair value hedges | Foreign currency and interest rate risk | Bottom of range | GBP | SONIA                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             0.56%       0.84%  
Fair value hedges | Foreign currency and interest rate risk | Bottom of range | USD | LIBOR                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis                     0.68%  
Fair value hedges | Foreign currency and interest rate risk | Bottom of range | USD | SOFR                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             0.83%          
Fair value hedges | Foreign currency and interest rate risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate         1.24 1.15     1.20 1.17    
Fair value hedges | Foreign currency and interest rate risk | Top of range | GBP | SONIA                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             3.74%       3.74%  
Fair value hedges | Foreign currency and interest rate risk | Top of range | USD | SOFR                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             2.23%       1.26%  
Fair value hedges | Foreign currency and interest rate risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0                      
Fair value hedges | Foreign currency and interest rate risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   0                    
Fair value hedges | Foreign currency and interest rate risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 0                      
Fair value hedges | Foreign currency and interest rate risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   25                    
Fair value hedges | Foreign currency and interest rate risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 33                      
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (43)                    
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (96)                      
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (559)                    
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (499)                      
Fair value hedges | Foreign currency and interest rate risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (11) (11)                    
Cash flow hedges | Foreign currency and interest rate risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 5 136                    
Net gains/(losses) in respect of cost of hedging (1) 4                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges 220 (136)                    
Transferred to profit or loss in respect of cost of hedging (4) 0                    
Reclassification of foreign currency translation reserve   0                    
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.30 1.08 1.07   1.30 1.08 1.13    
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range | GBP                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             0.976%       0.976%  
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range | USD                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             2.095%       2.095%  
Cash flow hedges | Foreign currency and interest rate risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.66 1.19 1.15   1.66 1.24 1.15    
Cash flow hedges | Foreign currency and interest rate risk | Top of range | GBP                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             7.41%       7.41%  
Cash flow hedges | Foreign currency and interest rate risk | Top of range | USD                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             5.989%       3.864%  
Cash flow hedges | Foreign currency and interest rate risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0                      
Cash flow hedges | Foreign currency and interest rate risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   0                    
Cash flow hedges | Foreign currency and interest rate risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 0                      
Cash flow hedges | Foreign currency and interest rate risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   166                    
Cash flow hedges | Foreign currency and interest rate risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 161                      
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (39)                    
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (112)                      
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (248)                    
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (164)                      
Cash flow hedges | Foreign currency and interest rate risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (16) (12)                    
Cash flow hedges | Currency risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges (26) 10                    
Net gains/(losses) in respect of cost of hedging 0 0                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges 4 0                    
Transferred to profit or loss in respect of cost of hedging 0 0                    
Reclassification of foreign currency translation reserve   0                    
Cash flow hedges | Currency risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.23 1.11     1.20 1.10      
Cash flow hedges | Currency risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.27 1.18     1.36 1.20      
Cash flow hedges | Currency risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0                      
Cash flow hedges | Currency risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   6                    
Cash flow hedges | Currency risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 5                      
Cash flow hedges | Currency risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   1                    
Cash flow hedges | Currency risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 1                      
Cash flow hedges | Currency risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (6)                    
Cash flow hedges | Currency risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (4)                      
Cash flow hedges | Currency risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (1)                    
Cash flow hedges | Currency risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (32)                      
Cash flow hedges | Currency risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances 0 0                    
Net investment hedges                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 0 0                    
Net gains/(losses) in respect of cost of hedging 38 (24)                    
Net gains (losses) in respect of net investment hedges 62 (198)                    
Transferred to profit or loss in respect of cash flow hedges 0 0                    
Transferred to profit or loss in respect of cost of hedging (8) 1                    
Reclassification of foreign currency translation reserve   373                    
Net investment hedges | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.22 1.17     1.18 1.12      
Net investment hedges | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.29 1.17     1.22 1.13      
Net investment hedges | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (1,768)                      
Net investment hedges | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   52                    
Net investment hedges | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 11                      
Net investment hedges | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   0                    
Net investment hedges | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 0                      
Net investment hedges | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   0                    
Net investment hedges | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (8)                      
Net investment hedges | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (15)                    
Net investment hedges | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0                      
Net investment hedges | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances £ 3 £ (27)