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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Profit before tax $ 704 $ 559 $ 802
Non-cash adjustments to reconcile profit before tax to net cash flows      
Depreciation, amortization and impairment loss, net 731 729 671
(Gain) / loss on disposal of non-current assets (5) (46) 1
Gain on disposal of subsidiaries (145) 0 (88)
Finance costs 495 531 583
Finance income (49) (60) (32)
Other non-operating gain, net (31) (20) (9)
Net foreign exchange gain (9) (81) (181)
Changes in trade and other receivables and prepayments (81) (1) (154)
Changes in inventories (9) (19) (12)
Changes in trade and other payables 130 143 52
Changes in provisions, pensions and other 73 125 48
Interest paid (431) (489) (489)
Interest received 43 53 25
Income tax paid (266) (264) (284)
Net cash flows from operating activities from continuing operations 1,150 1,160 933
Net cash flows from operating activities from discontinued operations 0 951 1,624
Investing activities      
Purchase of property, plant and equipment (627) (531) (634)
Purchase of intangible assets (280) (235) (376)
Payments on deposits (19) (54) (54)
Outflows on loan granted (80) (66) 0
Investment in financial assets 92 (147) (14)
Acquisition of a subsidiary, net of cash acquired (2) 0 (16)
Proceeds from sales of share in subsidiaries, net of cash 36 0 40
Proceeds from sales of property, plant and equipment 102 14 0
Other proceeds from investing activities, net 0 (1) (3)
Net cash flows used in investing activities from continuing operations (778) (1,020) (1,057)
Net cash flows used in investing activities from discontinued operations 0 (1,217) (599)
Financing activities      
Proceeds from borrowings net of fees paid [1] 955 194 2,087
Repayment of debt (1,483) (1,098) (1,619)
Dividends paid to non-controlling interests (15) (15) (12)
Share repurchases (8) 0 0
Net cash flows (used in) / from financing activities from continuing operations (551) (919) 456
Net cash flows used in financing activities from discontinued operations 0 (226) (340)
Net (decrease) / increase in cash and cash equivalents (179) (1,271) 1,017
Net foreign exchange difference related to continuing operations (21) (36) (95)
Net foreign exchange difference related to discontinued operations 0 (44) (21)
Cash and cash equivalents classified as discontinued operations/held for sale at the beginning of the period 0 146 113
Cash and cash equivalents classified as discontinued operations/held for sale at the end of the period (14) 0 (146)
Cash and cash equivalents at beginning of period 1,902 [2] 3,107 [2] 2,239
Cash and cash equivalents at end of period, net of overdraft [2] $ 1,688 $ 1,902 $ 3,107
[1]
* Fees paid in 2024 for borrowings were US$9 (2023: US$18, 2022: US$11).
[2]
** Overdrawn amount was US$1(2023 Nil, 2022: Nil).