Debt (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Financial Instruments [Abstract] |
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| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Dec 31, 2025 | | Dec 31, 2024 | | Debt (excluding
lease liabilities) | Lease
liabilities [A] | Total | | Debt (excluding
lease liabilities) | Lease
liabilities [A] | Total | Current debt: | 4,517 | 4,611 | 9,128 | | 6,920 | 4,710 | 11,630 | | Short-term debt | 506 | | 506 | | 642 | | 642 | | Long-term debt due within 1 year | 4,011 | 4,611 | 8,622 | | 6,278 | 4,710 | 10,988 | | Non-current debt | 42,193 | 24,322 | 66,515 | | 41,456 | 23,992 | 65,448 | | Total | 46,710 | 28,933 | 75,643 | | 48,376 | 28,702 | 77,078 |
[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, 2025 | 11,630 | 65,448 | | 841 | (39,110) | 38,809 | | Cash flow | (11,799) | 2,651 | | 1,256 | 9,760 | 1,868 | | Lease additions [A] | 840 | 3,133 | | | | 3,973 | | Other movements | 8,067 | (6,783) | | (50) | — | 1,234 | Currency translation differences and foreign exchange (gains)/losses | 390 | 2,066 | | (1,787) | (866) | (197) | | At December 31, 2025 | 9,128 | 66,515 | | 260 | (30,216) | 45,687 | | 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 |
[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, 2025 | Dec 31, 2024 | | Dec 31, 2025 | Dec 31, 2024 | | CP programmes | 20,000 | 20,000 | | 20,000 | 20,000 | | EMTN programme | unlimited | N/A | | N/A | N/A | | US shelf registration | unlimited | unlimited | | N/A | N/A | | Committed credit facilities | 8,000 | 8,000 | | 8,000 | 8,000 |
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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 | 3,922 | 2,638 | 5,678 | 2,438 | 3,771 | 26,635 | 45,082 | (336) | 44,746 | EMTN | 1,172 | 2,638 | 4,178 | 938 | 671 | 6,485 | 16,082 | (220) | 15,862 | US shelf | 2,750 | — | 1,500 | 1,500 | 3,100 | 20,150 | 29,000 | (116) | 28,884 | | Bank and other borrowings | 596 | 167 | 530 | 230 | 263 | 178 | 1,964 | — | 1,964 | | Total (excluding interest) | 4,518 | 2,805 | 6,208 | 2,668 | 4,034 | 26,813 | 47,046 | (336) | 46,710 | | Interest | 1,412 | 1,341 | 1,324 | 1,186 | 1,103 | 11,589 | 17,955 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ 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 | | |
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