XML 277 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Group statement of changes in equity - USD ($)
$ in Millions
Total
Equity share capital [member]
Capital redemption reserve [member]
Shares held by employee share trusts [member]
Other reserves [member]
Fair value reserve [member]
Cash flow hedge reserves [member]
Currency translation reserve [member]
Retained earnings [member]
IHG shareholders' equity [member]
Non-controlling interests [member]
Beginning balance at Dec. 31, 2020 $ (1,849) $ 156 $ 10 $ (1) $ (2,875) $ 11 $ (24) $ 298 $ 568 $ (1,857) $ 8
Profit (Loss) for the year 265 [1]               266 266 (1)
Items that may be subsequently reclassified to profit or loss:                      
Gains/(losses) on cash flow hedges (69)           (69)     (69)  
Gains/(losses) on net investment hedges 0                    
Costs of hedging 2           2     2  
Hedging losses/(gains) reclassified to financial expenses 96           96     96  
Exchange gains (losses) on retranslation of foreign operations 18             18   18  
Total items that may be subsequently reclassified to profit or loss 47           29 18   47  
Items that will not be reclassified to profit or loss:                      
Gains (Losses) on equity instruments classified as fair value through other comprehensive income 14         14       14  
Re-measurement gains (losses) on defined benefit plans 7               7 7  
Tax related to pension contributions 1               1 1  
Total items that will not be reclassified to profit or loss 22         14     8 22  
Total other comprehensive (loss)/ income for the year 69         14 29 18 8 69  
Total comprehensive income (loss) for the year 334         14 29 18 274 335 (1)
Transfer of treasury shares to employee share trusts       (34)         34    
Release of own shares by employee share trusts       13         (13)    
Equity-settled share-based cost 39               39 39  
Tax related to share schemes 2               2 2  
Exchange adjustments   (2)     2            
Ending balance at Dec. 31, 2021 (1,474) 154 10 (22) (2,873) 25 5 316 904 (1,481) 7
Profit (Loss) for the year 376 [1],[2]               375 375 1
Items that may be subsequently reclassified to profit or loss:                      
Gains/(losses) on cash flow hedges 35 [2]           35     35  
Gains/(losses) on net investment hedges [3] (6) [2]             (6)   (6)  
Costs of hedging 3 [2]           3     3  
Hedging losses/(gains) reclassified to financial expenses (43) [2]           (43)     (43)  
Exchange gains (losses) on retranslation of foreign operations [3] 187 [2]             188   188 (1)
Total items that may be subsequently reclassified to profit or loss 176 [2]           (5) 182   177 (1)
Items that will not be reclassified to profit or loss:                      
Gains (Losses) on equity instruments classified as fair value through other comprehensive income 1 [2]         1       1  
Re-measurement gains (losses) on defined benefit plans 15 [2]               15 15  
Tax related to pension contributions [2] 0                    
Total items that will not be reclassified to profit or loss 16 [2]         1     15 16  
Total other comprehensive (loss)/ income for the year 192 [2]         1 (5) 182 15 193 (1)
Total comprehensive income (loss) for the year 568 [2]         1 (5) 182 390 568  
Repurchase of shares, including transaction costs (513) (1) 1           (513) (513)  
Purchase of own shares by employee share trusts (1)     (1)           (1)  
Transfer of treasury shares to employee share trusts       (26)         26    
Release of own shares by employee share trusts       12         (12)    
Equity-settled share-based cost 44               44 44  
Tax related to share schemes 1               1 1  
Equity dividends paid (233)               (233) (233)  
Exchange adjustments   (16) (1)   17            
Ending balance at Dec. 31, 2022 (1,608) [4] 137 10 (37) (2,856) 26   498 607 (1,615) 7
Profit (Loss) for the year 750               750 750  
Items that may be subsequently reclassified to profit or loss:                      
Gains/(losses) on cash flow hedges (30)           (30)     (30)  
Gains/(losses) on net investment hedges 15             15   15  
Costs of hedging 0                    
Hedging losses/(gains) reclassified to financial expenses 28           28     28  
Exchange gains (losses) on retranslation of foreign operations (137)             (137)   (137)  
Total items that may be subsequently reclassified to profit or loss (124)           (2) (122)   (124)  
Items that will not be reclassified to profit or loss:                      
Gains (Losses) on equity instruments classified as fair value through other comprehensive income (3)         (3)       (3)  
Re-measurement gains (losses) on defined benefit plans (2)               (2) (2)  
Tax related to pension contributions 0                    
Total items that will not be reclassified to profit or loss (5)         (3)     (2) (5)  
Total other comprehensive (loss)/ income for the year (129)         (3) (2) (122) (2) (129)  
Total comprehensive income (loss) for the year 621         (3) (2) (122) 748 621  
Repurchase of shares, including transaction costs (765) (3) 3           (765) (765)  
Purchase of own shares by employee share trusts (8)     (8)           (8)  
Transfer of treasury shares to employee share trusts       (21)         21    
Release of own shares by employee share trusts       32         (32)    
Equity-settled share-based cost 51               51 51  
Tax related to share schemes 11               11 11  
Equity dividends paid (248)               (245) (245) (3)
Exchange adjustments   7 1 (1) (7)            
Ending balance at Dec. 31, 2023 $ (1,946) $ 141 $ 14 $ (35) $ (2,863) $ 23 $ (2) $ 376 $ 396 $ (1,950) $ 4
[1] 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).
[2] 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’.
[3] ‘Losses on net investment hedges’ previously presented within ‘Exchange gains on retranslation of foreign operations’.
[4] Re-presented for the adoption of IFRS 17 ‘Insurance Contracts’ (see New accounting standards and other presentational changes).