Finance debt	12 Months Ended
Finance debt	Dec. 31, 2021
Finance debt [abstract]
Disclosure of finance debt [text block]	19 Finance debt Non-current finance debt Finance debt measured at amortised cost Weighted average interest rates in % 1) Carrying amount in USD millions at 31 December Fair value in USD millions at 31 December 2) 2021 2020 2021 2020 2021 2020 Unsecured bonds United States Dollar (USD) 3.88 3.82 17,451 18,710 19,655 21,883 Euro (EUR) 1.42 2.03 7,925 10,057 8,529 11,115 Great Britain Pound (GBP) 6.08 6.08 1,852 1,877 2,674 2,949 Norwegian Kroner (NOK) 4.18 4.18 340 352 380 412 Total unsecured bonds 27,568 30,994 31,237 36,359 Unsecured loans Japanese Yen (JPY) 4.30 4.30 87 97 106 119 Total unsecured loans 87 97 106 119 Total 27,655 31,091 31,343 36,479 Non-current finance debt due within one year 250 1,974 268 2,062 Non-current finance debt 27,404 29,118 31,075 34,417 Weighted average interest rates are calculated based on the contractual rates on the loans per currency at 31 December and do not include the effect of swap agreements. 2) Fair values are determined from external calculation models based on market observations from various sources, classified at level 2 in the fair value hierarchy. For more information regarding fair value hierarchy, see note 26 Financial Instruments: fair value measurement and sensitivity of market risk. Unsecured bonds amounting to USD 17.451 billion are denominated in USD and unsecured bonds denominated in other currencies amounting to USD 9.271 billion are swapped into USD. One bond denominated in EUR amounting to USD 0.846 billion is not swapped. The table does not include the effects of agreements entered into to swap the various currencies into USD. For further information see note 26 Financial instruments: fair value measurement and sensitivity analysis of market risk. Substantially all unsecured bonds and unsecured bank loan agreements contain provisions restricting future pledging of assets to secure borrowings without granting a similar secured status to the existing bondholders and lenders. In 2020 and 2021 Equinor issued the following bonds Issuance date Currency Amount in million Interest rate in % Maturity date 18 May 2020 USD 750 1.750 January 2026 18 May 2020 EUR 750 0.750 May 2026 18 May 2020 USD 750 2.375 May 2030 18 May 2020 EUR 1,000 1.375 May 2032 1 April 2020 USD 1,250 2.875 April 2025 1 April 2020 USD 500 3.000 April 2027 1 April 2020 USD 1,500 3.125 April 2030 1 April 2020 USD 500 3.625 April 2040 1 April 2020 USD 1,250 3.700 April 2050 No new bonds were issued in 2021. Out of Equinor's total outstanding unsecured bond portfolio, 39 bond agreements contain provisions allowing Equinor to call the debt prior to its final redemption at par or at certain specified premiums if there are changes to the Norwegian tax laws. The carrying amount of these agreements is USD 27.223 billion at the 31 December 2021 closing currency exchange rate. For more information about the revolving credit facility, maturity profile for undiscounted cash flows and interest rate risk management, see note 6 Financial risk and capital management. Non-current finance debt maturity profile At 31 December (in USD million) 2021 2020 Year 2 and 3 5,015 3,705 Year 4 and 5 4,731 4,927 After 5 years 17,659 20,485 Total repayment of non-current finance debt 27,404 29,118 Weighted average maturity (years - including current portion) 10 10 Weighted average annual interest rate (% - including current portion) 3.33 3.38 Current finance debt At 31 December (in USD million) 2021 2020 Collateral liabilities 2,271 1,704 Non-current finance debt due within one year 250 1,974 Other including US Commercial paper program and bank overdraft 2,752 913 Total current finance debt 5,273 4,591 Weighted average interest rate (%) 0.51 2.40 Collateral liabilities and other current liabilities mainly relate to cash received as security for a portion of Equinor's credit exposure and outstanding amounts on US Commercial paper (CP) programme. Issuance on the CP programme amounted to USD 2.600 billion as of 31 December 2021 and USD 0.903 billion as of 31 December 2020. Reconciliation of cash flows from financing activities to finance line items in balance sheet (in USD million) Non-current finance debt Current finance debt Financial receivable Collaterals 1) Additional paid in capital /Treasury shares Non- controlling interest Dividend payable Lease liabilities 2) Total At 1 January 2021 29,118 4,591 (967) (1,588) 19 357 4,406 New finance debt Repayment of finance debt (2,675) (2,675) Repayment of lease liabilities (1,238) (1,238) Dividend paid (1,797) (1,797) Share buy-back (321) (321) Net current finance debt and other finance activities (335) 2,273 (651) (75) (18) 1,195 Net cash flow from financing activities (3,010) 2,273 (651) (396) (18) (1,797) (1,238) (4,836) Transfer to current portion 1,724 (1,724) Effect of exchange rate changes (422) (8) 41 (1) (61) Dividend declared 2,041 New leases 476 Other changes (6) 141 (43) 14 (19) (21) Net other changes 1,296 (1,591) 41 (43) 13 2,022 394 At 31 December 2021 27,404 5,273 (1,577) (2,027) 14 582 3,562 (in USD million) Non-current finance debt Current finance debt Financial receivable Collaterals 1) Additional paid in capital /Treasury shares Non- controlling interest Dividend payable Lease liabilities 2) Total At 1 January 2020 21,754 2,939 (634) (708) 20 859 4,339 New finance debt 8,347 8,347 Repayment of finance debt (2,055) (2,055) Repayment of lease liabilities (1,277) (1,277) Dividend paid (2,330) (2,330) Share buy-back (1,059) (1,059) Net current finance debt and other finance activities 72 1,706 (329) (69) (16) 1,365 Net cash flow from financing activities 6,364 1,706 (329) (1,128) (16) (2,330) (1,277) 2,991 Transfer to current portion 30 (30) Effect of exchange rate changes 977 (27) 15 Dividend declared 1,833 New leases 1,349 Other changes (8) 3 (4) 248 15 (20) (5) Net other changes 999 (54) (4) 248 15 1,828 1,344 At 31 December 2020 29,118 4,591 (967) (1,588) 19 357 4,406 1) Financial receivable collaterals are included in Trade and other receivables in the Consolidated balance sheet. See note 16 Trade and other receivables for more information. 2) See note 23 Leases for more information.