Debt (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
Financial Instruments [Abstract] |
|
Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Dec 31, 2023 | | Dec 31, 2022 | | Debt (excluding lease liabilities) | Lease liabilities [A] | Total | | Debt (excluding lease liabilities) | Lease liabilities [A] | Total | Current debt: | 5,288 | 4,643 | 9,931 | | 4,620 | 4,381 | 9,001 | Short-term debt | 845 | | 845 | | 1,026 | | 1,026 | Long-term debt due within 1 year | 4,443 | 4,643 | 9,086 | | 3,594 | 4,381 | 7,975 | Non-current debt | 48,544 | 23,066 | 71,610 | | 51,532 | 23,262 | 74,794 | Total | 53,832 | 27,709 | 81,541 | | 56,152 | 27,643 | 83,795 |
[A]Further analysis of lease liabilities is provided in Note 21.
|
Schedule of Net Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | (Asset)/liability | | Current debt | Non-current debt | | Derivative financial instruments | Cash and cash equivalents (see Note 17) | Net debt* | At January 1, 2023 | 9,001 | 74,794 | | 1,288 | (40,246) | 44,837 | Cash flow | (9,617) | (215) | | 723 | 1,778 | (7,331) | Lease additions [A] | 1,021 | 3,321 | | | | 4,342 | Other movements | 9,619 | (7,184) | | (481) | — | 1,954 | Currency translation differences and foreign exchange (gains)/losses | (93) | 894 | | (755) | (306) | (260) | At December 31, 2023 | 9,931 | 71,610 | | 775 | (38,774) | 43,542 | At January 1, 2022 | 8,218 | 80,868 | | 440 | (36,970) | 52,556 | Cash flow | (7,618) | (254) | | (1,799) | (4,012) | (13,683) | Lease additions [A] | 1,111 | 4,077 | | | | 5,188 | Other movements | 7,560 | (7,883) | | 1,393 | — | 1,070 | Currency translation differences and foreign exchange (gains)/losses | (270) | (2,014) | | 1,254 | 736 | (294) | At December 31, 2022 | 9,001 | 74,794 | | 1,288 | (40,246) | 44,837 |
[A]Further analysis of lease liabilities is provided in Note 21.
|
Schedule of Borrowing Facilities and Amounts Undrawn |
| | | | | | | | | | | | | | | | | | | $ million | | Facility | | Amount undrawn | | Dec 31, 2023 | Dec 31, 2022 | | Dec 31, 2023 | Dec 31, 2022 | CP programmes | 20,000 | 20,000 | | 20,000 | 20,000 | EMTN programme | unlimited | unlimited | | N/A | N/A | US shelf registration | unlimited | unlimited | | N/A | N/A | Committed credit facilities | 9,920 | 9,920 | | 9,920 | 9,920 |
* Non-GAAP measure (see page 329).
|
Schedule of Difference in Contractual Cash Flows for Debt Excluding Lease Liabilities with the Carrying Amount |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Contractual payments | | | | Less than 1 year | Between 1 and 2 years | Between 2 and 3 years | Between 3 and 4 years | Between 4 and 5 years | 5 years and later | Total | Difference from carrying amount | Carrying amount | | | | | | | | | | | Bonds | 4,292 | 6,194 | 3,856 | 2,489 | 5,442 | 30,049 | 52,322 | (567) | 51,755 | EMTN | 3,042 | 3,444 | 1,106 | 2,489 | 3,942 | 7,649 | 21,672 | (414) | 21,258 | US shelf | 1,250 | 2,750 | 2,750 | — | 1,500 | 22,400 | 30,650 | (153) | 30,497 | Bank and other borrowings | 1,060 | 230 | 73 | 346 | 53 | 316 | 2,078 | (1) | 2,077 | Total (excluding interest) | 5,352 | 6,424 | 3,929 | 2,835 | 5,495 | 30,365 | 54,400 | (568) | 53,832 | Interest | 1,569 | 1,452 | 1,285 | 1,207 | 1,177 | 13,366 | 20,056 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Contractual payments | | | | Less than 1 year | Between 1 and 2 years | Between 2 and 3 years | Between 3 and 4 years | Between 4 and 5 years | 5 years and later | Total | Difference from carrying amount | Carrying amount | | | | | | | | | | | Bonds | 3,365 | 4,184 | 6,054 | 3,817 | 2,400 | 35,005 | 54,825 | (1,210) | 53,615 | EMTN | 865 | 2,934 | 3,304 | 1,067 | 2,400 | 11,105 | 21,675 | (936) | 20,739 | US shelf | 2,500 | 1,250 | 2,750 | 2,750 | — | 23,900 | 33,150 | (274) | 32,876 | Bank and other borrowings | 1,229 | 335 | 64 | 156 | 63 | 704 | 2,551 | (14) | 2,537 | Total (excluding interest) | 4,594 | 4,519 | 6,118 | 3,973 | 2,463 | 35,709 | 57,376 | (1,224) | 56,152 | Interest | 1,669 | 1,574 | 1,463 | 1,314 | 1,233 | 14,757 | 22,010 | | |
|