v3.26.1
Financial risk management - Disclosure of detailed information about hedging instruments (Details)
£ in Millions
12 Months Ended
Mar. 31, 2026
GBP (£)
Mar. 31, 2025
GBP (£)
Mar. 31, 2024
GBP (£)
Mar. 31, 2026
$ / £
Mar. 31, 2026
€ / £
Mar. 31, 2026
$ / €
Mar. 31, 2026
Mar. 31, 2025
$ / £
Mar. 31, 2025
€ / £
Mar. 31, 2025
$ / €
Mar. 31, 2025
Mar. 31, 2023
GBP (£)
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges £ (120) £ 218 £ 240                  
Net gains in respect of cost of hedging 36 (52) 26                  
Net gains (losses) in respect of net investment hedges 32 56 62                  
Reclassification of foreign currency translation reserve (76) 0 0                  
Other equity reserves – cost of hedging balances (4,542) (4,233) (3,990)                 £ (3,860)
Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (30) (57) £ (18)                 £ (38)
Fair value hedges | Foreign currency and interest rate risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 0 0                    
Net gains in respect of cost of hedging 10 (14)                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges 0 0                    
Transferred to profit or loss in respect of cost of hedging 1 1                    
Reclassification of foreign currency translation reserve 0                      
Fair value hedges | Foreign currency and interest rate risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate         1.11 1.05     1.11 1.05    
Fair value hedges | Foreign currency and interest rate risk | Bottom of range | GBP | SONIA                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             (2.61%)       (2.60%)  
Fair value hedges | Foreign currency and interest rate risk | Bottom of range | USD | SOFR                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             1.18%       0.83%  
Fair value hedges | Foreign currency and interest rate risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate         1.24 1.15     1.24 1.15    
Fair value hedges | Foreign currency and interest rate risk | Top of range | GBP | SONIA                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             3.74%       3.74%  
Fair value hedges | Foreign currency and interest rate risk | Top of range | USD | SOFR                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, adjustment to interest rate basis             2.23%       2.23%  
Fair value hedges | Foreign currency and interest rate risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0 0                    
Fair value hedges | Foreign currency and interest rate risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   0                    
Fair value hedges | Foreign currency and interest rate risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 9                      
Fair value hedges | Foreign currency and interest rate risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   32                    
Fair value hedges | Foreign currency and interest rate risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 62                      
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (253)                    
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (118)                      
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (397)                    
Fair value hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (458)                      
Fair value hedges | Foreign currency and interest rate risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (14) (24)                    
Cash flow hedges | Foreign currency and interest rate risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 378 26                    
Net gains in respect of cost of hedging 29 (36)                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges (484) 182                    
Transferred to profit or loss in respect of cost of hedging (1) (3)                    
Reclassification of foreign currency translation reserve 0                      
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.30 1.08 1.06   1.30 1.08 1.06    
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range | GBP                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             0.976%       0.976%  
Cash flow hedges | Foreign currency and interest rate risk | Bottom of range | USD                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             2.755%       2.095%  
Cash flow hedges | Foreign currency and interest rate risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.66 1.19 1.15   1.66 1.19 1.15    
Cash flow hedges | Foreign currency and interest rate risk | Top of range | GBP                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             7.41%       7.41%  
Cash flow hedges | Foreign currency and interest rate risk | Top of range | USD                        
Disclosure of detailed information about financial instruments [line items]                        
Borrowings, interest rate             5.989%       5.989%  
Cash flow hedges | Foreign currency and interest rate risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0 0                    
Cash flow hedges | Foreign currency and interest rate risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   1                    
Cash flow hedges | Foreign currency and interest rate risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 20                      
Cash flow hedges | Foreign currency and interest rate risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   194                    
Cash flow hedges | Foreign currency and interest rate risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 424                      
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (50)                    
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (23)                      
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (183)                    
Cash flow hedges | Foreign currency and interest rate risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (103)                      
Cash flow hedges | Foreign currency and interest rate risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances (25) (54)                    
Cash flow hedges | Currency risk                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 12 (12)                    
Net gains in respect of cost of hedging 0 0                    
Net gains (losses) in respect of net investment hedges 0 0                    
Transferred to profit or loss in respect of cash flow hedges (5) 6                    
Transferred to profit or loss in respect of cost of hedging 0 0                    
Reclassification of foreign currency translation reserve 0                      
Cash flow hedges | Currency risk | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.26 1.11     1.25 1.11      
Cash flow hedges | Currency risk | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.36 1.19     1.30 1.21      
Cash flow hedges | Currency risk | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities 0 0                    
Cash flow hedges | Currency risk | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   3                    
Cash flow hedges | Currency risk | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 2                      
Cash flow hedges | Currency risk | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   1                    
Cash flow hedges | Currency risk | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 4                      
Cash flow hedges | Currency risk | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (6)                    
Cash flow hedges | Currency risk | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (12)                      
Cash flow hedges | Currency risk | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (41)                    
Cash flow hedges | Currency risk | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (15)                      
Cash flow hedges | Currency risk | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances 0 0                    
Net investment hedges                        
Disclosure of detailed information about financial instruments [line items]                        
Net gains in respect of cash flow hedges 0 0                    
Net gains in respect of cost of hedging 1 4                    
Net gains (losses) in respect of net investment hedges 32 56                    
Transferred to profit or loss in respect of cash flow hedges 0 0                    
Transferred to profit or loss in respect of cost of hedging (4) (4)                    
Reclassification of foreign currency translation reserve (8)                      
Net investment hedges | Bottom of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.29 1.15     1.26 1.19      
Net investment hedges | Top of range                        
Disclosure of detailed information about financial instruments [line items]                        
Closing foreign exchange rate       1.36 1.16     1.29 1.21      
Net investment hedges | Liabilities – non-current | Non-derivatives hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (1,694) (1,734)                    
Net investment hedges | Current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   6                    
Net investment hedges | Current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 7                      
Net investment hedges | Non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets   0                    
Net investment hedges | Non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, assets 2                      
Net investment hedges | Derivative liabilities - current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (2)                    
Net investment hedges | Derivative liabilities - current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (2)                      
Net investment hedges | Derivative liabilities - non-current                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities   (1)                    
Net investment hedges | Derivative liabilities - non-current | Derivative hedging instrument                        
Disclosure of detailed information about financial instruments [line items]                        
Hedging instrument, liabilities (14)                      
Net investment hedges | Cost of hedging                        
Disclosure of detailed information about financial instruments [line items]                        
Other equity reserves – cost of hedging balances £ 0 £ 3