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Consolidated statement of changes in equity - USD ($)
$ in Millions
Total
Guatemala joint ventures
Total
Share capital
Share premium
 [1]
Treasury shares
Retained profits
 [2]
Other reserves
 [3]
Non- controlling interests
Number of shares, beginning of period (in shares)       101,739,000   (914,000)      
Equity, beginning of period at Dec. 31, 2018 $ 2,792   $ 2,542 $ 153 [1] $ 482 $ (81) $ 2,525 $ (538) $ 251
Comprehensive income 133   131       149 (19) 3
Dividends [4] (267)   (267)       (267)    
Dividends to non controlling interests (1) [4]               (1)
Purchase of treasury shares (in shares) [5]           (132,000)      
Purchase of treasury shares [5] (8)   (8)     $ (12) 4    
Share-based compensation 30   29         29 1
Issuance of shares under share-based payment schemes (in shares)           465,000      
Issuance of shares under share-based payment schemes 1 [6]   1 [6]   (2) $ 41 (12) (25) [6]  
Effect of restructuring in Tanzania [7] 0   (18)       (27) 9 18
Number of shares, end of period (in shares) at Dec. 31, 2019       101,739,000   (581,000)      
Equity, end of period at Dec. 31, 2019 2,680 [8]   2,409 $ 153 [1] 480 $ (51) 2,372 (544) 271 [8]
Share repurchase program 0                
Number of shares, beginning of period (in shares)       101,739,000   (581,000)      
Statutory reserves unavailable for distribution 306                
Comprehensive income (407) [8]   (360) [8]       (344) [8] (15) (48)
Dividends [4] 0   0       0    
Dividends to non controlling interests $ (8)               (8)
Purchase of treasury shares (in shares) (350,000)         (467,000)      
Purchase of treasury shares $ (16) [4]   (16) [4]     $ (19) 3 [4]    
Share-based compensation [6] 24   24         24 0
Issuance of shares under share-based payment schemes (in shares)           521,000      
Issuance of shares under share-based payment schemes 1   1   (2) $ 40 (11) (26)  
Number of shares, end of period (in shares) at Dec. 31, 2020       101,739,000   (526,000)      
Equity, end of period at Dec. 31, 2020 $ 2,274   2,059 $ 153 [1] 478 $ (30) 2,020 (562) 215
Number of shares withheld (in shares) 117,000                
Share repurchase program $ (10)                
Number of shares, beginning of period (in shares)       101,739,000   (526,000)      
Statutory reserves unavailable for distribution 310                
Comprehensive income 509 [9]   565       590 (25) (57)
Dividends [4] 0   0       0    
Dividends to non controlling interests $ (3)               (3)
Purchase of treasury shares (in shares) (1,369,284)         (1,471,000) [5]      
Purchase of treasury shares [5] $ (54)   (54)     $ (56) 2    
Share-based compensation 19 [6]   18 [6]         18 [6] 1
Issuance of shares under share-based payment schemes (in shares)           459,000      
Issuance of shares under share-based payment schemes 1   1   (2) $ 26 2 (25)  
Change in scope of consolidation [10] (5)   (5)       (5)    
Number of shares, end of period (in shares) at Dec. 31, 2021       101,739,000   (1,538,000)      
Equity, end of period at Dec. 31, 2021 $ 2,740 [11]   $ 2,583 $ 153 [1] $ 476 $ (60) $ 2,609 $ (594) $ 157
Number of shares withheld (in shares) 102,000                
Share repurchase program [12] $ (50)                
Proportion of ownership interest in subsidiary   55.00%              
Payments to acquire noncontrolling interest   $ 5              
Number of shares, beginning of period (in shares)       101,739,000   (1,538,000)      
Statutory reserves unavailable for distribution $ 486                
[1] Share capital and share premium – see note C.1.
[2] Retained profits – includes profit for the year attributable to equity holders, of which $486 million (2020: $310 million; 2019: $306 million) are not distributable to equity holders.
[3] Other reserves – see note C.1.
[4] Dividends – see note C.2.
[5] During the year ended December 31, 2021, Millicom repurchased 1,369,284 shares (2020: 350,000 shares), for a total amount of $50 million (2020: 10 million, 2019: nil) and withheld approximately 102,000 shares (2020: 117,000) for settlement of tax obligations on behalf of employees under share-based compensation plans.
[6] Share-based compensation – see note C.1.
[7] Effect of the restructuring in Tanzania A.1.2.
[8] A.1.2.
[9] Tigo Guatemala is fully consolidated since the acquisition of the remaining 45% shareholding on November 12, 2021. See note A.1.2. for further details. As a result, numbers might not be directly comparable with previous years' figures.
[10] Cloud 2 Nube S.A. was a subsidiary owned by the Group at 55% and already fully consolidated as Millicom had control over it. As a result, in accordance with IFRS 10, the acquisition of the remaining 45% in Cloud 2 Nube S.A. has been treated as an equity transaction and non-controlling interests amounting to less than $1 million were transferred to the Group's equity against a purchase consideration of $5 million.
[11] The assets and liabilities of Tigo Guatemala are fully consolidated since the acquisition of the remaining 45% shareholding on November 12, 2021. See note A.1.2. for further details. As a result, numbers might not be directly comparable with previous years' figures.
[12] The cash flows of Tigo Guatemala are fully consolidated since the acquisition of the remaining 45% shareholding on November 12, 2021. See note A.1.2. for further details. As a result, numbers might not be directly comparable with previous years' figures.