Debt (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Financial Instruments [Abstract] |
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| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Dec 31, 2024 | | Dec 31, 2023 | | Debt (excluding
lease liabilities) | Lease
liabilities [A] | Total | | Debt (excluding
lease liabilities) | Lease
liabilities [A] | Total | | Current debt: | 6,920 | 4,710 | 11,630 | | 5,288 | 4,643 | 9,931 | | Short-term debt | 642 | | 642 | | 845 | | 845 | | Long-term debt due within 1 year | 6,278 | 4,710 | 10,988 | | 4,443 | 4,643 | 9,086 | | Non-current debt | 41,456 | 23,992 | 65,448 | | 48,544 | 23,066 | 71,610 | | Total | 48,376 | 28,702 | 77,078 | | 53,832 | 27,709 | 81,541 |
[A]Further analysis of lease liabilities is provided in Note 22.
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| Schedule of 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, 2024 | 9,931 | 71,610 | | 775 | (38,774) | 43,542 | | Cash flow | (9,653) | 35 | | (594) | (1,097) | (11,309) | | Lease additions [A] | 763 | 5,083 | | | | 5,846 | | Other movements | 10,909 | (10,040) | | (319) | — | 550 | Currency translation differences and foreign exchange losses/(gains) | (320) | (1,240) | | 979 | 761 | 180 | | At December 31, 2024 | 11,630 | 65,448 | | 841 | (39,110) | 38,809 | | 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 |
[A]Further analysis of lease liabilities is provided in Note 22.
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| Schedule of Borrowing Facilities and Amounts Undrawn |
| | | | | | | | | | | | | | | | | | | $ million | | Facility | | Amount undrawn | | Dec 31, 2024 | Dec 31, 2023 | | Dec 31, 2024 | Dec 31, 2023 | | CP programmes | 20,000 | 20,000 | | 20,000 | 20,000 | | EMTN programme | N/A | unlimited | | N/A | N/A | | US shelf registration | unlimited | unlimited | | N/A | N/A | | Committed credit facilities | 8,000 | 9,920 | | 8,000 | 9,920 |
* Non-GAAP measure (see page 337).
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| 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 | 6,036 | 3,792 | 2,344 | 5,207 | 2,333 | 27,369 | 47,081 | (395) | 46,686 | EMTN | 3,286 | 1,042 | 2,344 | 3,707 | 833 | 6,469 | 17,681 | (260) | 17,421 | US shelf | 2,750 | 2,750 | — | 1,500 | 1,500 | 20,900 | 29,400 | (135) | 29,265 | | Bank and other borrowings | 885 | 169 | 69 | 289 | 32 | 246 | 1,690 | — | 1,690 | | Total (excluding interest) | 6,921 | 3,961 | 2,413 | 5,496 | 2,365 | 27,615 | 48,771 | (395) | 48,376 | | Interest | 1,437 | 1,265 | 1,184 | 1,162 | 1,055 | 12,214 | 18,317 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ 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 | | |
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