v3.26.1
Unaudited condensed consolidated interim statements of cash flows
€ in Millions, $ in Millions
 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Statement of cash flows [abstract]    
Operating profit $ 887 $ 340 [1]
Adjustments for non-cash items    
Amortization of intangible assets 9 6 [1]
Depreciation of property, plant and equipment 8 7 [1]
Provisions for employee benefits 1 0 [1]
Expense recognized in respect of share-based payments 117 111 [1]
Fair value gains on financial assets at fair value through profit or loss 4 0 [1]
Other non-cash expenses/(benefit) [1] 48 36
Adjustments for non-cash items 1,073 500 [1]
Movements in current assets/liabilities    
(Increase)/decrease in trade and other receivables (377) (360) [1]
(Increase)/decrease in inventories 60 35 [1]
(Increase)/decrease in current prepaid expenses [1] (244) (174)
(Increase)/decrease in other current assets [1] 1 3
Increase/(decrease) in trade and other payables 251 360 [1]
Movements in non-current assets/liabilities    
(Increase)/decrease in other non‑current assets 11 7 [1]
(Increase)/decrease in non-current prepaid expense 2 0 [1]
Net cash flows from operating activities, before interest and taxes 778 372 [1]
Interest paid 0 (1) [1]
Income taxes paid (127) (10) [1]
Net cash flows from operating activities 651 362 [1]
Purchase of intangible assets (5) (44) [1]
Purchase of property, plant and equipment (3) (5) [1]
Purchase of other non-current assets (84) 0 [1]
Purchase of current financial assets (1,650) (1,109) [1]
Sale of current financial assets 988 1,154 [1]
Interest received 100 73 [1]
Investment in a joint venture (4) (7) [1]
Net cash flows (used in)/from investing activities (658) 62 [1]
Principal elements of lease payments (7) (1) [1]
Payment of employee withholding taxes relating to restricted stock unit awards (8) (5) [1]
Proceeds from exercise of stock options 119 79 [1]
Net cash flows from financing activities 104 73 [1]
Increase in cash and cash equivalents 97 498 [1]
Cash and cash equivalents at the beginning of the period 3,491 1,500 [1]
Exchange (losses)/gains on cash and cash equivalents (4) 88 [1]
Cash and cash equivalents at the end of the period $ 3,584 $ 2,086 [1]
[1] Comparative figures have been presented to be consistent with the one adopted in the current period