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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from (used in) operating activities [abstract]    
Net income $ 3,088 $ 1,953
Adjustments for the following items:    
Depreciation 1,915 2,043
Finance costs (note 14) 232 170
Impairment (reversals) charges (notes 10 and 21) (457) 312
Income tax expense (note 12) 1,520 861
Income from equity investees (note 16) (241) (232)
Loss on currency translation 39 93
Gain on acquisition/sale of non-current assets (note 9) (24) (364)
Change in working capital (note 15) (382) (404)
Other operating activities (note 15) (280) (113)
Operating cash flows before interest and income taxes 5,410 4,319
Interest paid (380) (300)
Interest received 237 237
Income taxes paid [1] (776) (524)
Net cash provided by operating activities 4,491 3,732
Cash flows from (used in) investing activities [abstract]    
Capital expenditures (note 5) (3,174) (3,086)
Sales proceeds 19 13
Proceeds from sales of investments other than investments accounted for using equity method 97  
Purchase of investments other than investments accounted for using equity method   (23)
Cash advances and loans made to other parties, classified as investing activities (59) 0
Dividends received from investments accounted for using equity method, classified as investing activities 198 273
Cash receipts from repayment of advances and loans made to other parties 155 7
Cash flows from (used in) investing activities (2,764) (2,816)
Cash flows from (used in) financing activities [abstract]    
Lease repayments (14) (13)
Debt repayments 0 (43)
Dividends (note 31) (696) (700)
Share buyback program (note 31) (498) 0
Funding from non-controlling interests (note 32) 146 40
Disbursements to non-controlling interests (note 32) (785) (554)
Proceeds from issue of bonds, notes and debentures 52 65
Cash flows from (used in) financing activities 1,795 1,205
Effect of exchange rate changes on cash and equivalents (6) (3)
Net increase (decrease) in cash and equivalents (74) (292)
Cash and equivalents at beginning of year (note 25a) 4,148 4,440
Cash and equivalents at the end of year $ 4,074 $ 4,148
[1]
1 Income taxes paid excludes $107 million (2023: $137 million) of income taxes payable that were settled against offsetting value added taxes (“VAT”) receivables.