v3.25.2
Interest expense
 12 Months Ended
Dec. 31, 2024
Analysis of income and expense [abstract]  
Interest Expense Interest expense
$ million
202420232022
Interest incurred and similar charges2,8002,6691,971
Interest expense related to leases1,7221,7721,724
Less: interest capitalised(638)(532)(950)
Other net (gains)/losses on fair value and cash flow hedges of debt
(71)45(71)
Accretion expense974719507
Total4,7874,6733,181
The rate applied in determining the amount of interest capitalised in 2024 was 4.0% (2023: 4.0%; 2022: 4.0%).