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Group statement of comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
[1]
Dec. 31, 2021
Statement of comprehensive income [abstract]      
Profit for the year $ 750 $ 376 [2] $ 265 [2]
Items that may be subsequently reclassified to profit or loss:      
(Losses)/gains on cash flow hedges, including related tax of $nil (2022: $2m credit, 2021: $7m charge) (30) 35 (69)
Gains/(losses) on net investment hedges 15 (6) [3] 0
Costs of hedging 0 3 2
Hedging losses/(gains) reclassified to financial expenses 28 (43) 96
Exchange (losses)/gains on retranslation of foreign operations, including related tax charge of $4m (2022: $5m credit, 2021: $4m charge) (137) 187 [3] 18
Total items that may be subsequently reclassified to profit or loss (124) 176 47
Items that will not be reclassified to profit or loss:      
(Losses)/gains on equity instruments classified as fair value through other comprehensive income, including related tax charge of $1m (2022: $2m credit, 2021: $1m charge) (3) 1 14
Re-measurement (losses)/gains on defined benefit plans, including related tax of $nil (2022: $6m charge, 2021: $nil) (2) 15 7
Tax related to pension contributions 0 0 1
Total items that will not be reclassified to profit or loss (5) 16 22
Total other comprehensive (loss)/ income for the year (129) 192 69
Total comprehensive income/(loss) for the year 621 568 334
Attributable to:      
Equity holders of the parent 621 568 335
Non-controlling interest 0 0 (1)
Total comprehensive income/(loss) for the year $ 621 $ 568 $ 334
[1] In 2023, gains/(losses) on net investment hedges have been presented on a separate line. The 2022 amount was previously presented within ‘Exchange (losses)/gains on retranslation of foreign operations’.
[2] Re-presented for the adoption of IFRS 17 ‘Insurance Contracts’ and to combine System Fund revenues and reimbursables (see New accounting standards and other presentational changes).
[3] ‘Losses on net investment hedges’ previously presented within ‘Exchange gains on retranslation of foreign operations’.