Net debt (Tables)

12 Months Ended

Dec. 31, 2017

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Summary of Net Debt

	2017			2016
	$m			$m
Cash and cash equivalents		168			206
Loans and other borrowings – current		(126	)		(106	)
– non-current		(1,893	)		(1,606	)
Net debt		(1,851	)		(1,506	)

Summary of Movement in Net Debt

	2017			2016
	$m			$m
Cash and cash equivalents		168			206
Loans and other borrowings – current		(126	)		(106	)
– non-current		(1,893	)		(1,606	)
Net debt		(1,851	)		(1,506	)
Movement in net debt
Net decrease in cash and cash equivalents, net of overdrafts		(75	)		(920	)
Add back cash flows in respect of other components of net debt:
Issue of long-term bonds		—			(459	)
Long-term bonds repaid		—			315
Increase in other borrowings		(153	)		(109	)
Increase in net debt arising from cash flows		(228	)		(1,173	)
Non-cash movements:
Finance lease obligations		(4	)		(4	)
Decrease/(increase) in accrued interest		1			(6	)
Exchange and other adjustments		(114	)		206
Increase in net debt		(345	)		(977	)
Net debt at beginning of the year		(1,506	)		(529	)
Net debt at end of the year		(1,851	)		(1,506	)