XML 77 R56.htm IDEA: XBRL DOCUMENT v3.25.0.1

Financial assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Financial assets and liabilities

Schedule of business net debt

At December 31, 2024, the Group’s net debt and available liquidity was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Maximum

Final

​

​

​

​

​

​

​

​

amount

​

maturity

​

Facility

​

​

​

​

​

Available

Facility

​

Currency

​

drawable

​

date

​

type

​

Amount drawn

​

liquidity

​

​

​

​

Local

​

​

​

​

​

Local

​

​

​

​

​

​

​

currency

​

​

​

​

​

currency

​

$'m

​

$'m

​

​

​

​

m

​

​

​

​

​

m

​

​

​

2.000% Senior Secured Green Notes

EUR

450

01-Sep-28

​

Bullet

450

468

​

–

3.250% Senior Secured Green Notes

​

USD

​

600

​

01-Sep-28

​

Bullet

​

600

​

600

​

–

6.000% Senior Secured Green Notes

​

USD

​

600

​

15-Jun-27

​

Bullet

​

600

​

600

​

–

3.000% Senior Green Notes

​

EUR

​

500

​

01-Sep-29

​

Bullet

​

500

​

519

​

–

4.000% Senior Green Notes

​

USD

​

1,050

​

01-Sep-29

​

Bullet

​

1,050

​

1,050

​

–

Senior Secured Term Loan

​

EUR

​

269

​

24-Sep-29

​

Bullet

​

269

​

280

​

–

Global Asset Based Loan Facility

​

USD

​

272

​

06-Aug-26

​

Revolving

​

–

​

–

​

272

Bradesco Facility

​

BRL

​

500

​

30-Sep-28

​

Bullet

​

–

​

–

​

81

Lease obligations

Various

–

Various

​

Amortizing

–

374

​

–

Other borrowings

Various

–

Rolling

​

Amortizing

–

​

42

​

–

Total borrowings

​

3,933

353

Deferred debt issue costs

(31)

​

–

Net borrowings

3,902

​

353

Cash, cash equivalents and restricted cash

(610)

​

610

Derivative financial instruments used to hedge foreign currency and interest rate risk

13

​

–

Net debt / available liquidity

3,305

​

963

​

​

​

​

​

​

​

​

At December 31, 2023 the Group’s net debt and available liquidity was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Maximum

Final

​

​

​

​

​

​

​

​

amount

​

maturity

​

Facility

​

​

​

​

​

Available

Facility

​

Currency

​

drawable

​

date

​

type

​

Amount drawn

​

liquidity

​

​

​

​

Local

​

​

​

​

​

Local

​

​

​

​

​

​

​

currency

​

​

​

​

​

currency

​

$'m

​

$'m

​

​

​

​

m

​

​

​

​

​

m

​

​

​

2.000% Senior Secured Green Notes

EUR

450

01-Sep-28

​

Bullet

450

497

​

–

3.250% Senior Secured Green Notes

​

USD

​

600

​

01-Sep-28

​

Bullet

​

600

​

600

​

–

6.000% Senior Secured Green Notes

​

USD

​

600

​

15-Jun-27

​

Bullet

​

600

​

600

​

–

3.000% Senior Green Notes

​

EUR

​

500

​

01-Sep-29

​

Bullet

​

500

​

553

​

–

4.000% Senior Green Notes

​

USD

​

1,050

​

01-Sep-29

​

Bullet

​

1,050

​

1,050

​

–

Global Asset Based Loan Facility

​

USD

​

369

​

06-Aug-26

​

Revolving

​

–

​

-

​

369

Lease obligations

Various

–

Various

​

Amortizing

–

408

​

–

Other borrowings

Various

–

Rolling

​

Amortizing

–

​

54

​

–

Total borrowings

​

3,762

369

Deferred debt issue costs

(28)

​

–

Net borrowings

3,734

​

369

Cash, cash equivalents and restricted cash

(443)

​

443

Derivative financial instruments used to hedge foreign currency and interest rate risk

​

​

​

​

​

​

​

​

​

​

​

21

​

–

Net debt / available liquidity

​

3,312

​

812

Schedule of business movement in net debt

​

​	​	​	​	​
​	​	At December 31,
​	​	2024	​	2023
​		$’m		$’m
Net (increase)/decrease in cash, cash equivalents and restricted cash per consolidated statement of cash flows*	​	(167)	​	112
Increase in net borrowings and derivative financial instruments	​	160	​	163
(Decrease)/increase in net debt	​	(7)	​	275
Net debt at January 1,	​	3,312	​	3,037
Net debt at December 31,	​	3,305	​	3,312

*Includes exchange losses on cash, cash equivalents and restricted cash

Schedule of maturity analysis of borrowings

​

​	​	​	​	​
​		At December 31,
​	​	2024	​	2023
​		$’m		$’m
Within one year or on demand		105		94
Between one and three years		755		175
Between three and five years		3,017		1,791
Greater than five years		56		1,702
Total borrowings		3,933		3,762
Deferred debt issue costs		(31)		(28)
Net borrowings		3,902		3,734

Schedule of contracted undiscounted cash flows of lease liabilities

​

​	​	​	​	​
​		At December 31,
​	​	2024	​	2023
​		$’m		$’m
Not later than one year		110		99
Later than one year and not later than five years		268		285
Later than five years		66		110
​		444		494

Schedule of contracted undiscounted cash flows of financial liabilities

​

​	​	​	​	​	​	​
​	​	​	​	Derivative	​	​
​	​	Total	​	financial	​	Trade
​	​	borrowings	​	instruments	​	payables
At December 31, 2024		$’m		$’m		$’m
Within one year or on demand		270	​	32	​	1,170
Between one and three years		1,049	​	20	​	—
Between three and five years		3,181	​	1	​	—
Greater than five years		67	​	—	​	—

​

​

​	​	​	​	​	​	​
​	​	​	​	Derivative	​	​
​	​	Total	​	financial	​	Trade
​	​	borrowings	​	instruments	​	payables
At December 31, 2023		$’m		$’m		$’m
Within one year or on demand		244	​	32	​	1,240
Between one and three years		458	​	41	​	—
Between three and five years		1,994	​	11	​	—
Greater than five years		1,761	​	—	​	—

Schedule of carrying value and fair value of the related party

​

​	​	​	​	​	​	​	​	​
​	​	Carrying value					​	​
​	​	Amount	​	Deferred debt	​	​	​	​
​	​	drawn	​	issue costs	​	Total	​	Fair value
At December 31, 2024	​	$'m	​	$'m	​	$'m	​	$'m
Senior Facilities*		3,517	​	(28)	​	3,489	​	3,173
Other borrowings	​	42	​	(3)	​	39	​	42
​	​	3,559	​	(31)	​	3,528	​	3,215

​

​	​	​	​	​	​	​	​	​
​	​	Carrying value					​	​
​	​	Amount	​	Deferred debt	​	​	​	​
​	​	drawn	​	issue costs	​	Total	​	Fair value
At December 31, 2023	​	$'m	​	$'m	​	$'m	​	$'m
Senior Facilities*	​	3,300	​	(23)	​	3,277	​	2,885
Other borrowings	​	54	​	(5)	​	49	​	54
​	​	3,354	​	(28)	​	3,326	​	2,939

Schedule of effective interest rates of financial liabilities and lease liabilities

​	​	​	​	​	​	​	​
​	2024			​	2023
​	USD	​	EUR	​	USD	​	EUR
2.000% Senior Secured Green Notes due 2028	—	​	2.27%	​	—	​	2.27%
3.250% Senior Secured Green Notes due 2028	3.52%	​	—	​	3.52%	​	—
6.000% Senior Secured Green Notes due 2027	6.72%	​	—	​	6.72%	​	—
3.000% Senior Green Notes due 2029	—	​	3.25%	​	—	​	3.25%
4.000% Senior Green Notes due 2029	4.26%	​	—	​	4.26%	​	—
Senior Secured Term Loan	—	​	10.12%	​	—	​	—

​

​	​	​	​
​	2024	​	2023
​	Various Currencies
Lease obligations	6.27%	​	6.47%

Schedule of net borrowings denominated by currency

​

​	​	​	​	​
​		At December 31,
​	​	2024	​	2023
​		$’m		$’m
Euro		1,306		1,110
U.S. dollar		2,555		2,562
GBP		27		40
Other		14		22
​		3,902		3,734

​

Summary of derivative financial instruments

​

​	​	​	​	​	​	​
​	​	Assets	​	Liabilities	​	Total
​	​	​	​	​	​	Contractual
​	​	Fair	​	Fair	​	or notional
​	​	values	​	values	​	amounts
​		$’m		$’m		$’m
Fair Value Derivatives
Commodity contracts		14	​	30	​	301
Forward foreign exchange contracts		5	​	7	​	592
Cross currency interest rate swaps	​	3	​	16	​	300
At December 31, 2024		22		53		1,193

​

​	​	​	​	​	​	​
​	​	Assets	​	Liabilities	​	Total
​	​	​	​	​	​	Contractual
​	​	Fair	​	Fair	​	or notional
​	​	values	​	values	​	amounts
​		$’m		$’m		$’m
Fair Value Derivatives
Commodity forward contracts		10	​	51	​	436
Forward foreign exchange contracts		2	​	12	​	595
Cross currency interest rate swaps	​	—	​	21	​	300
At December 31, 2023		12		84		1,331

X

- Definition

Tabular disclosure of carrying value and fair value of the related party and other borrowings.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfCarryingValueAndFairValueOfRelatedPartyAndOtherBorrowingsTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of components of net debt.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfComponentsOfNetDebtTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of a maturity analysis of contracted undiscounted cash outflows of financial liabilities.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfMaturityAnalysisOfContractedUndiscountedCashOutflowsOfFinancialLiabilitiesTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of a maturity analysis of contracted undiscounted cash outflows of lease liabilities.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfMaturityAnalysisOfContractedUndiscountedCashOutflowsOfLeaseLiabilitiesTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of movement in debt.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfMovementInDebtTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of net borrowings denominated in various currencies.

+ References

No definition available.

+ Details

Name:	ambp_DisclosureOfNetBorrowingsDenominatedInDifferentCurrenciesTableTextBlock
Namespace Prefix:	ambp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of derivative financial instruments. [Refer: Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of financial instruments by type of interest rate. [Refer: Classes of financial instruments [domain]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 39
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_39&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 39
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_39_a&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration