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Other reserves

12 Months Ended

Dec. 31, 2024

Other reserves Abstract

25. Other reserves


		Foreign
		currency		Cash flow				Total
		translation		hedge		Other		other
		reserve		reserve		reserves		reserves
		$’m		$’m		$’m		$’m
January 1, 2022		(28)		82		(5,647)		(5,593)
Total other comprehensive income for the period		10		42		—		52
Hedging gains transferred to cost of inventory		—		(116)		—		(116)
December 31, 2022		(18)		8		(5,647)		(5,657)


January 1, 2023		(18)		8		(5,647)		(5,657)
Total other comprehensive income/(expense) for the period		8		(60)		—		(52)
Hedging losses transferred to cost of inventory		—		29		—		29
NOMOQ acquisition (note 11)		—		—		(7)		(7)
December 31, 2023		(10)		(23)		(5,654)		(5,687)


January 1, 2024		(10)		(23)		(5,654)		(5,687)
Total other comprehensive income for the period		10		13		—		23
Hedging losses transferred to cost of inventory		—		2		—		2
NOMOQ put and call liability (note 22)		—		—		2		2
December 31, 2024		—		(8)		(5,652)		(5,660)

Other reserves includes $5.6 billion arising from the Ardagh Group reorganization which resulted in the Company acquiring the metal packaging operations of Ardagh Group S.A. that occurred during the year ended December 31, 2021.