v3.26.1
INVESTMENTS, DEBT AND DERIVATIVES - Reconciliation of cash flows from financing activities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of cash flows from financing activities      
Liabilities arising from financing activities at beginning of period $ 4,423 $ 4,762  
Cash flows      
Proceeds from borrowings, net of fees paid [1] 971 955 $ 194
Repayment of debt [2] (1,296) (1,333) (951)
Payments of lease liabilities [2] (250) (150) (147)
Interest paid (399) (431)  
Non-cash movements      
Interest and fee accruals 479 465  
Lease additions, disposals, impairment and modifications 984 295  
Held for sale - Note 12 3 (3)  
Foreign currency translation 52 (100)  
Reclassification related to bank loans and bonds 64 4  
Other non-cash/ other non financing movements (84) (41)  
Liabilities arising from financing activities at end of period 4,947 4,423 4,762
Bank loans and bonds      
Reconciliation of cash flows from financing activities      
Liabilities arising from financing activities at beginning of period 3,393 3,785  
Cash flows      
Proceeds from borrowings, net of fees paid 971 955  
Repayment of debt (1,296) (1,333)  
Payments of lease liabilities 0 0  
Interest paid (273) (314)  
Non-cash movements      
Interest and fee accruals 349 346  
Lease additions, disposals, impairment and modifications 0 0  
Held for sale - Note 12 3 (3)  
Foreign currency translation 46 (32)  
Reclassification related to bank loans and bonds 64 4  
Other non-cash/ other non financing movements (70) (15)  
Liabilities arising from financing activities at end of period 3,187 3,393 3,785
Lease liabilities      
Reconciliation of cash flows from financing activities      
Liabilities arising from financing activities at beginning of period 1,030 977  
Cash flows      
Proceeds from borrowings, net of fees paid 0 0  
Repayment of debt 0 0  
Payments of lease liabilities (250) (150)  
Interest paid (126) (117)  
Non-cash movements      
Interest and fee accruals 130 119  
Lease additions, disposals, impairment and modifications 984 295  
Held for sale - Note 12 0 0  
Foreign currency translation 6 (68)  
Reclassification related to bank loans and bonds 0 0  
Other non-cash/ other non financing movements (14) (26)  
Liabilities arising from financing activities at end of period $ 1,760 $ 1,030 $ 977
[1]
* Fees paid in 2025 for borrowings were US$9 (2024: US$9, 2023: US$18).
[2]
*** Certain prior period comparatives have been represented to conform with the current year presentation.