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Financial risk management (Details)
€ in Millions, £ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
GBP (£)
Dec. 31, 2022
GBP (£)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
EUR (€)
Financial risk management        
Book value £ 3,153 £ 3,574    
Bond debt        
Financial risk management        
Fair market value 2,959 2,826    
Book value 2,943 2,987    
$700m term loan        
Financial risk management        
Notional amount of debt | $     $ 700  
Liquidity Risk        
Financial risk management        
Required headroom of unrestricted cash and available committed facilities £ 600      
Minimum period for which Treasury Committee manages financing requirements and associated headroom 12 months      
Unrestricted cash £ 818      
Combined headroom £ 1,603 1,694    
Advance period for financing debt maturities 12 months      
Liquidity Risk | Revolving credit facility        
Financial risk management        
Available commitments £ 785   $ 1,000  
Liquidity Risk | Bond debt | Less than 1 year        
Financial risk management        
Notional amount of debt | €       € 400
Liquidity Risk | €400m bond, €500m bond, €600m bond        
Financial risk management        
Increase in coupon payable percentage, in the event that the Group is downgraded to BB+ or below 1.25%      
Period for redemption of bonds 120 days      
Credit risk | Below A-        
Financial risk management        
Balances with banks £ 16 36    
Credit risk | Below A- | Single bank        
Financial risk management        
Balances with banks £ 1 £ 14    
Foreign exchange risk        
Financial risk management        
Foreign currencies as a percentage of Group's operating profit 110.00%      
Threshold amount of foreign currencies exposure covered by foreign exchange derivatives £ 10      
Percentage of movement in risk assumption 10.00%   10.00% 10.00%
Foreign exchange risk | US dollar        
Financial risk management        
Foreign currencies as a percentage of Group's operating profit 62.00%      
Percentage of net debt 74.00% 66.00%    
Percentage of movement in risk assumption 10.00%   10.00% 10.00%
Increase (decrease) in operating profit due to reasonably possible movement in risk assumption £ 35 £ 25    
Decrease (increase) in interest payable due to reasonably possible movement in risk assumption 12 3    
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption 349 377    
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption, offsetting impact of net investment hedging £ 182 £ 210    
Foreign exchange risk | Euro        
Financial risk management        
Foreign currencies as a percentage of Group's operating profit 29.00%      
Percentage of net debt 28.00% 23.00%    
Percentage of movement in risk assumption 10.00%   10.00% 10.00%
Increase (decrease) in operating profit due to reasonably possible movement in risk assumption £ 16 £ 15    
Decrease (increase) in interest payable due to reasonably possible movement in risk assumption 5 3    
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption 17 0    
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption, offsetting impact of net investment hedging £ 27 £ 46    
Foreign exchange risk | Other currencies        
Financial risk management        
Percentage of net debt (2.00%) 11.00%    
Interest rate risk        
Financial risk management        
Percentage of estimated future interest rate exposures (excluding pensions) to be fixed 50.00%      
Minimum period for which estimated future interest rate exposures are to be fixed 12 months      
Interest rate risk | US dollar        
Financial risk management        
Percentage of movement in risk assumption 1.00%   1.00% 1.00%
Income statement impact due to reasonably possible increase in designated risk component £ 6 £ 6    
Interest rate risk | Euro        
Financial risk management        
Percentage of movement in risk assumption 1.00%   1.00% 1.00%
Increase (decrease) in market value of the Group's bond liabilities due to reasonably possible increase in designated risk component £ (86) (128)    
Income statement impact due to reasonably possible increase in designated risk component £ 0      
Interest rate risk | Pound sterling        
Financial risk management        
Percentage of movement in risk assumption 1.00%   1.00% 1.00%
Increase (decrease) in market value of the Group's bond liabilities due to reasonably possible increase in designated risk component £ (26) (34)    
Income statement impact due to reasonably possible increase in designated risk component 0 0    
Interest rate risk | Bond debt        
Financial risk management        
Fair market value 2,959 2,826    
Book value £ 2,943 £ 2,987    
Interest rate risk | $700m term loan | US dollar        
Financial risk management        
Percentage of term loan hedged 50.00% 0.00%