v3.26.1
Consolidated Statement of Changes in Equity (unaudited) - USD ($)
$ in Millions
Total
Total
Share capital
Other reserves
Fair value adjustments on equity investments
Actuarial gains from defined benefit plans
Cumulative currency translation effects
Total value adjustments
 [1]
Non-controlling interests
Beginning balance at Dec. 31, 2024 $ 21,553 $ 21,553 $ 20 $ 21,688 $ (65) $ 51 $ (141) $ (155) $ 0
Net income 526 526   526          
Other comprehensive income/(loss) 262 262     63 5 194 262  
Total comprehensive (loss)/income 788 788   526 63 5 194 262  
Dividends (168) (168)   (168)          
Acquisition of treasury shares (121) (121)   (121)          
Equity-based compensation 40 40   40          
Initial recognition of non-controlling interests 27 0             27
Changes in non-controlling interests (11) 0             (11)
Other movements [2] 22 22   24 (2)     (2)  
Total other movements (211) (227)   (225) (2)     (2) 16
Ending balance at Jun. 30, 2025 22,130 22,114 20 21,989 (4) 56 53 105 16
Beginning balance at Dec. 31, 2025 22,035 22,034 20 21,970 (48) 57 35 44 1
Net income 189 189   189          
Other comprehensive income/(loss) (136) (136)     (98) 5 (43) (136)  
Total comprehensive (loss)/income 53 53   189 (98) 5 (43) (136)  
Dividends (173) (173)   (173)          
Acquisition of treasury shares (364) (364)   (364)          
Equity-based compensation 42 42   42          
Other movements [2] 3 3   3     0  
Total other movements (492) (492)   (492) 0     0 0
Ending balance at Jun. 30, 2026 $ 21,596 $ 21,595 $ 20 $ 21,667 $ (146) $ 62 $ (8) $ (92) $ 1
[1] "Total value adjustments" are presented net of the corresponding tax effects.
[2] Activity includes hyperinflationary accounting. For the six months ended June 30, 2025, Other reserves also includes the reversal of previously-recognized deferred tax and a reclassification related to the settlement of an equity investment.