v3.25.2
Debt (Tables)
12 Months Ended
Dec. 31, 2023
Financial Instruments [Abstract]  
Schedule of Debt
Debt
$ million
Dec 31, 2023Dec 31, 2022
Debt (excluding
lease liabilities)
Lease
liabilities [A]
TotalDebt (excluding
lease liabilities)
Lease
liabilities [A]
Total
Current debt:5,2884,6439,9314,6204,3819,001
Short-term debt8458451,0261,026
Long-term debt due within 1 year4,4434,6439,0863,5944,3817,975
Non-current debt48,54423,06671,61051,53223,26274,794
Total53,83227,70981,54156,15227,64383,795
[A]Further analysis of lease liabilities is provided in Note 21.
Schedule of Net Debt
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, 20239,00174,7941,288(40,246)44,837
Cash flow(9,617)(215)7231,778(7,331)
Lease additions [A]1,0213,3214,342
Other movements9,619(7,184)(481)1,954
Currency translation differences and foreign exchange (gains)/losses(93)894(755)(306)(260)
At December 31, 20239,93171,610775(38,774)43,542
At January 1, 20228,21880,868440(36,970)52,556
Cash flow(7,618)(254)(1,799)(4,012)(13,683)
Lease additions [A]1,1114,0775,188
Other movements 7,560(7,883)1,3931,070
Currency translation differences and foreign exchange (gains)/losses(270)(2,014)1,254736(294)
At December 31, 20229,00174,7941,288(40,246)44,837
[A]Further analysis of lease liabilities is provided in Note 21.
Schedule of Borrowing Facilities and Amounts Undrawn
$ million
FacilityAmount undrawn
Dec 31, 2023Dec 31, 2022Dec 31, 2023Dec 31, 2022
CP programmes20,00020,00020,00020,000
EMTN programmeunlimitedunlimitedN/AN/A
US shelf registrationunlimitedunlimitedN/AN/A
Committed credit facilities9,9209,9209,9209,920
* 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
TotalDifference
from carrying
amount
Carrying
amount
Bonds4,2926,1943,8562,4895,44230,04952,322(567)51,755
EMTN
3,0423,4441,1062,4893,9427,64921,672(414)21,258
US shelf
1,2502,7502,7501,50022,40030,650(153)30,497
Bank and other borrowings1,06023073346533162,078(1)2,077
Total (excluding interest)5,3526,4243,9292,8355,49530,36554,400(568)53,832
Interest1,5691,4521,2851,2071,17713,36620,056
2022
$ 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
TotalDifference
from carrying
amount
Carrying
amount
Bonds3,3654,1846,0543,8172,40035,00554,825(1,210)53,615
EMTN
8652,9343,3041,0672,40011,10521,675(936)20,739
US shelf
2,5001,2502,7502,75023,90033,150(274)32,876
Bank and other borrowings1,22933564156637042,551(14)2,537
Total (excluding interest)4,5944,5196,1183,9732,46335,70957,376(1,224)56,152
Interest1,6691,5741,4631,3141,23314,75722,010