v3.25.2
Loans and borrowings (Tables)
6 Months Ended
Jun. 30, 2025
Borrowings [abstract]  
Disclosure of Detailed Information About Borrowings
 June 30, 2025December 31, 2024
(in $ millions)$$
Non-current
Bank loans139 116 
Lease liabilities144 125 
 283 241 
Current  
Convertible notes (including embedded derivative)1,479 — 
Bank loans114 90 
Lease liabilities37 33 
 1,630 123 
Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:
Currency
Nominal
interest rate
Year of
maturity
Carrying
amount
$
Convertible notes (including embedded derivative)
USD
0%20301,479 
Bank loans
SGD
1.5% to 2.1%
2025-2030
167 
Bank loans
MYR
2.1% to 3.6%
2025-2027
*
Bank loans
MYR
COF** -2.0% to +1.3%
2025-2028
14 
Bank loans
IDR
3.0% to 9.5%
2025-2030
27 
Bank loans
THB
COF** + 7.0% p.a.
2025
45 
Lease liabilitiesMultiple
4.1% to 12.5%
2025-2037
181 
1,913 
*Amount less than $1 million
**cost of funds – which are variable rates specific to country and/or financial institutions
Disclosure of Issuance of Notes
The net proceeds received from the issuance of the Notes have been allocated as follows on initial recognition:

(in $ millions)$
On initial recognition
Proceeds from issue of convertible notes (1,500,000 Notes at $1,000 per Note)
1,500 
Fair value of the embedded derivative(482)
Transaction costs(22)
At inception996 


June 30, 2025
At inception996
Interest accrued on convertible notes
Carrying amount of host liability as at June 30, 20251,000
Fair value of the embedded derivative as at June 30, 2025479