v3.25.2
Debt (Tables)
12 Months Ended
Dec. 31, 2024
Financial Instruments [Abstract]  
Schedule of Debt
Debt
$ million
Dec 31, 2024Dec 31, 2023
Debt (excluding
lease liabilities)
Lease
liabilities [A]
TotalDebt (excluding
lease liabilities)
Lease
liabilities [A]
Total
Current debt:6,9204,71011,6305,2884,6439,931
Short-term debt642642845845
Long-term debt due within 1 year6,2784,71010,9884,4434,6439,086
Non-current debt41,45623,99265,44848,54423,06671,610
Total48,37628,70277,07853,83227,70981,541
[A]Further analysis of lease liabilities is provided in Note 22.
Schedule of Net Debt
Net debt
$ million
(Asset)/liability
Current
debt
Non-current
debt
Derivative
financial
instruments
Cash and cash
equivalents
(see Note 18)
Net debt*
At January 1, 20249,93171,610775(38,774)43,542
Cash flow(9,653)35(594)(1,097)(11,309)
Lease additions [A]7635,0835,846
Other movements10,909(10,040)(319)550
Currency translation differences and foreign exchange losses/(gains)
(320)(1,240)979761180
At December 31, 202411,63065,448841(39,110)38,809
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 movements 9,619(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
[A]Further analysis of lease liabilities is provided in Note 22.
Schedule of Borrowing Facilities and Amounts Undrawn
$ million
FacilityAmount undrawn
Dec 31, 2024Dec 31, 2023Dec 31, 2024Dec 31, 2023
CP programmes20,00020,00020,00020,000
EMTN programmeN/AunlimitedN/AN/A
US shelf registrationunlimitedunlimitedN/AN/A
Committed credit facilities8,0009,9208,0009,920
* Non-GAAP measure (see page 337).
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
Bonds6,0363,7922,3445,2072,33327,36947,081(395)46,686
EMTN
3,2861,0422,3443,7078336,46917,681(260)17,421
US shelf
2,7502,7501,5001,50020,90029,400(135)29,265
Bank and other borrowings88516969289322461,6901,690
Total (excluding interest)6,9213,9612,4135,4962,36527,61548,771(395)48,376
Interest1,4371,2651,1841,1621,05512,21418,317
2023
$ 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