Loans and other borrowings (Tables)

12 Months Ended

Dec. 31, 2017

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Summary of Loans and Other Borrowings

	2017						2016
	Current $m		Non-current $m		Total $m		Current $m		Non-current $m		Total $m
Unsecured bank loans		—		262		262		—		107		107
Finance lease obligations		16		215		231		17		210		227
£400m 3.875% bonds 2022		—		538		538		—		489		489
£300m 3.75% bonds 2025		—		406		406		—		370		370
£350m 2.125% bonds 2026		—		472		472		—		430		430
		16		1,893		1,909		17		1,606		1,623
Bank overdrafts		110		—		110		89		—		89
Total loans and other borrowings		126		1,893		2,019		106		1,606		1,712
Denominated in the following currencies:
Sterling		—		1,416		1,416		—		1,289		1,289
US dollars		124		477		601		101		317		418
Euros		2		—		2		2		—		2
Other		—		—		—		3		—		3
		126		1,893		2,019		106		1,606		1,712

Summary of Loans and Other Borrowings, Excluding Bank Overdrafts

Loans and other borrowings, excluding bank overdrafts, comprise the liabilities included in the financing activities section of the Group statement of cash flows and their movements are analysed as follows:

	At 1 January 2017 $m		Cash flows $m		Exchange adjustments $m		Other $m		At 31 December 2017 $m
Unsecured bank loans		107		153		1		1		262
Finance lease obligations		227		—		—		4		231
£400m 3.875% bonds 2022		489		—		48		1		538
£300m 3.75% bonds 2025		370		—		36		—		406
£350m 2.125% bonds 2026		430		—		42		—		472
		1,623		153		127		6		1,909

Finance Lease Obligations

Finance lease obligations

Finance lease obligations, which relate primarily to the 99-year lease (of which 88 years remain) on the InterContinental Boston hotel, are payable as follows:

	2017					2016
	Minimum lease payments $m			Present value of payments $m		Minimum lease payments $m			Present value of payments $m
Less than one year		16			16		17			17
Between one and five years		67			49		64			48
More than five years		3,234			166		3,252			162
		3,317			231		3,333			227
Less: amount representing finance charges		(3,086	)		—		(3,106	)		—
		231			231		227			227

Summary of Facilities Provided by Banks

	2017						2016
	Utilised $m		Unutilised $m		Total $m		Utilised $m		Unutilised $m		Total $m
Committed		264		1,086		1,350		110		1,240		1,350
Uncommitted		1		69		70		—		70		70
		265		1,155		1,420		110		1,310		1,420

	2017 $m		2016 $m
Unutilised facilities expire:
Within one year		69		70
After two but before five years		1,086		1,240
		1,155		1,310