Property, plant and equipment (Tables)

6 Months Ended

Jun. 30, 2020

Property, plant and equipment comprises owned and leased assets, as follows:


Million US dollar	30 June 2020		31 December 2019
Property, plant and equipment owned		22 669		25 515
Property, plant and equipment leased (right-of-use assets)		2 049		2 029

Total property, plant and equipment		24 718		27 544


	30 June 2020												31 December 2019
Million US dollar	Land and buildings			Plant and equipment, fixtures and fittings			Under construction			Total			Total
Acquisition cost
Balance at end of previous year		12 216			34 381			2 160			48 757			47 969
Effect of movements in foreign exchange		(1 043	)		(2 908	)		(239	)		(4 190	)		(485	)
Acquisitions		6			382			871			1 259			4 451
Acquisitions through business combinations		—			3			—			3			24
Disposals		(16	)		(394	)		—			(409	)		(1 987	)
Disposals through the sale of subsidiaries		—			—			—			—			(4	)
Transfer (to)/from other asset categories and other movements 1		211			623			(1 014	)		(180	)		(1 211	)

Balance at end of the period		11 374			32 087			1 778			45 239			48 757

Depreciation and impairment losses

Balance at end of previous year		(3 604	)		(19 638	)		—			(23 242	)		(22 331	)

Effect of movements in foreign exchange		237			1 551			—			1 788			310
Depreciation		(194	)		(1 419	)		—			(1 613	)		(3 370	)
Disposals		4			365			—			369			1 734
Disposals through the sale of subsidiaries		—			—			—			—			3
Impairment losses		—			(26	)		—			(26	)		(87	)
Transfer to/(from) other asset categories and other movements 1		(24	)		177			—			153			499

Balance at end of the period		(3 581	)		(18 990	)		—			(22 571	)		(23 242	)

Carrying amount
at 31 December 2019		8 612			14 743			2 160			25 515			25 515
at 30 June 2020		7 794			13 097			1 778			22 669			—

Property, plant and equipment leased by the company

(right-of-use

assets) is detailed as follows:


	2020
Million US dollar	Land and buildings			Machinery, equipment and other			Total
Net carrying amount at 30 June		1 765			284			2 049
Depreciation for the six-month period ended 30 June		(169	)		(75	)		(244	)


	2019
Million US dollar	Land and buildings			Machinery, equipment and other			Total
Net carrying amount at 31 December		1 723			306			2 029
Depreciation for the six-month period ended 30 June (restated)		(173	)		(77	)		(250	)