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Group statement of cash flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of cash flows [abstract]      
Profit for the year $ 750 $ 376 [1],[2] $ 265 [2]
Adjustments reconciling profit for the year to cash flow from operations 469 585 583
Cash flow from operations 1,219 961 848
Interest paid (119) (126) (134)
Interest received 36 22 8
Tax paid (243) (211) (86)
Net cash from operating activities 893 646 636
Cash flow from investing activities      
Purchase of property, plant and equipment (28) (54) (17)
Purchase of intangible assets (54) (45) (35)
Investment in associates (3) (1)  
Investment in other financial assets (60)   (5)
Deferred purchase consideration paid     (13)
Lease incentives received   6  
Disposal of property, plant and equipment   3  
Disposal of hotel assets, net of costs and cash disposed 0   44
Repayments of other financial assets 8 13 14
Net cash from investing activities (137) (78) (12)
Cash flow from financing activities      
Repurchase of shares (790) (482)  
Purchase of own shares by employee share trusts (8) (1)  
Dividends paid to shareholders (245) (233)  
Dividend paid to non-controlling interest (3)    
Repayment of commercial paper     (828)
Issue of long-term bonds, including effect of currency swaps 657    
Repayment of long-term bonds   (209)  
Principal element of lease payments (28) (36) (32)
Net cash from financing activities (417) (961) (860)
Net movement in cash and cash equivalents in the year 339 (393) (236)
Cash and cash equivalents at beginning of the year 921 1,391 1,624
Exchange rate effects 18 (77) 3
Cash and cash equivalents at end of the year $ 1,278 $ 921 $ 1,391
[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).