Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Summary of Goodwill and Other Intangible Assets

	Goodwill $m			Brands $m		Software $m			Management agreements $m			Other intangibles $m			Total $m
Cost
At 1 January 2021		537			439		886			122			25			2,009
Additions		–			–		32			–			1			33
Disposals		–			–		(40	)		–			–			(40	)
Exchange and other adjustments		(5	)		–		–			–			–			(5	)
At 31 December 2021		532			439		878			122			26			1,997
Additions		–			–		46			–			–			46
Fully amortised assets written off		–			–		(94	)		–			–			(94	)
Disposals		(8	)		–		–			–			–			(8	)
Exchange and other adjustments		(11	)		–		(5	)		–			–			(16	)
At 31 December 2022		513			439		825			122			26			1,925
Amortisation and impairment
At 1 January 2021		(191	)		–		(402	)		(112	)		(11	)		(716	)
Provided		–			–		(30	)		(1	)		(1	)		(32	)
System Fund expense		–			–		(82	)		–			(1	)		(83	)
Disposals		–			–		28			–			–			28
Exchange and other adjustments		–			–		1			–			–			1
At 31 December 2021		(191	)		–		(485	)		(113	)		(13	)		(802	)
Provided		–			–		(20	)		–			(3	)		(23	)
System Fund expense		–			–		(78	)		–			(1	)		(79	)
Impairment reversal		–			–		–			12			–			12
Fully amortised assets written off		–			–		94			–			–			94
Disposals		8			–		–			–			–			8
Exchange and other adjustments		5			–		3			–			1			9
At 31 December 2022		(178	)		–		(486	)		(101	)		(16	)		(781	)
Net book value
At 31 December 2022		335			439		339			21			10			1,144
At 31 December 2021		341			439		393			9			13			1,195
At 1 January 2021		346			439		484			10			14			1,293

Summary of Carrying Value of Goodwill and Indefinite Life Brands were Allocated to CGUs for Year-end Impairment Testing

Allocation of goodwill and brands to CGUs

	At					At					At				Analysed as:
	1 January 2021 $m		Exchange     adjustments $m			31 December 2021 $m		Exchange     adjustments $m			31 December 2022 $m		Goodwill $m		Brands $m
Americas (group of CGUs)		421		(2	)		419		–			419		132		287
EMEAA (group of CGUs)		339		(2	)		337		(6	)		331		195		136
Greater China		25		(1	)		24		–			24		8		16
		785		(5	)		780		(6	)		774		335		439

Summary of Terminal Growth Rates and Discount Rates Used in Impairment Tests

The weighted average terminal growth rates and pre-tax discount rates are as follows:

	2022				2021
	Terminal growth rate %		Pre-tax     discount rate %		Terminal growth rate %		Pre-tax     discount rate %
Americas		1.9		13.7		2.0		10.2
EMEAA		2.5		16.2		2.2		12.8
Greater China		2.5		13.8		2.5		12.6