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Consolidated statement of changes in equity - USD ($)
$ in Millions
Total
Total
Share capital
Share premium
 [2]
Treasury shares
Retained profits
 [3]
Other reserves
 [4]
Non- controlling interests
Number of shares outstanding at beginning of period at Dec. 31, 2019     101,739,000 [1]   (581,000)      
Equity, beginning of period at Dec. 31, 2019 $ 2,680 $ 2,409 $ 153 [2] $ 480 $ (51) $ 2,372 $ (544) $ 271
Total comprehensive income for the year (407) (360)       (344) (15) (48)
Dividends to non-controlling interests (8)             (8)
Purchase of treasury shares (in shares)         (467,000)      
Purchase of treasury shares (16) (16)     $ (19) 3    
Share-based compensation [5] 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 [1]   (526,000)      
Equity, end of period at Dec. 31, 2020 2,274 2,059 $ 153 [2] 478 $ (30) 2,020 (562) 215
Total comprehensive income for the year 509 565       590 (25) (57)
Dividends to non-controlling interests $ (3)             (3)
Purchase of treasury shares (in shares) (1,369,284)       (1,471,000)      
Purchase of treasury shares $ (54) (54)     $ (56) 2    
Share-based compensation [5] 19 18         18 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 [6] (5) (5)       (5)    
Number of shares, end of period (in shares) at Dec. 31, 2021     101,739,217 [1]   (1,538,000)      
Equity, end of period at Dec. 31, 2021 2,740 [7] 2,583 $ 153 [2] 476 $ (60) 2,609 (594) 157
Total comprehensive income for the year 155 204       177 27 (49)
Effects of rights offering (in shares) [1],[8]     70,357,000          
Effects of rights offering [8] 717 717 $ 106 [2] 611        
Dividends to non-controlling interests (2)             (2)
Purchase of treasury shares (in shares)         (93,000)      
Purchase of treasury shares (3) (3)     $ (4) 1    
Share-based compensation [5] 26 25         25 1
Issuance of shares under share-based payment schemes (in shares)         419,000      
Issuance of shares under share-based payment schemes 1 1   (2) $ 16 4 (17)  
Effect of the buy-out of non-controlling interest in Panama [9] 0 78       78   (78)
Number of shares, end of period (in shares) at Dec. 31, 2022     172,096,305 [1]   (1,213,000)      
Equity, end of period at Dec. 31, 2022 $ 3,634 $ 3,605 $ 258 [2] $ 1,085 $ (47) $ 2,868 $ (559) $ 29
[1] The authorized share capital amounts to $300 million divided into 200 million shares with a par value of $1.50 each following the extraordinary general meeting held on February 28, 2022.
[2] Share capital and share premium – see note C.1.
[3] Retained profits – includes profit for the year attributable to equity holders, of which $472 million (2021: $486 million; 2020: $310 million) are not distributable to equity holders.
[4] Other reserves – see note C.1.
[5] Share-based compensation – see note C.1.
[6] 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.
[7] Restated after the finalization of the Guatemala purchase accounting. See note A.1.2. for further details.
[8] See note C.1.
[9] Resulting from the exercise of the put option in Panama, see note A.1.2.