XML 63 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1
Finance cost and income (Tables)
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Summary of Finance Cost and Income Included in Income Statement
The finance cost and income included in the income statement are as follows:
 
Million US dollar
   
2021
     
2020
     
2019
  
Interest expense
      (3 684 )       (4 016 )       (4 168 ) 
Capitalization of borrowing costs
      10        12        19  
Net interest on net defined benefit liabilities
      (73 )       (82 )       (95 ) 
Accretion expense
      (593 )       (564 )       (650 ) 
Net losses on hedging instruments that are not part of a hedge accounting relationship
      (562 )       (502 )       (393 ) 
Net foreign exchange results (net of the effect of foreign exchange derivative instruments)
      (101 )       —          (180 ) 
Tax on financial transactions
      (73 )       (103 )       (79 ) 
Net
mark-to-market
results on derivatives related to the hedging of share-based payment programs
      (23 )       (1 211 )       —    
Other financial costs, including bank fees
      (135 )       (135 )       (225 ) 
    
 
 
     
 
 
     
 
 
  
Finance cost excluding exceptional items
   
 
(5 234
) 
   
 
(6 601
) 
   
 
(5 771
) 
    
 
 
     
 
 
     
 
 
  
Exceptional finance cost
      (806 )       (1 818 )       (222 ) 
    
 
 
     
 
 
     
 
 
  
Finance cost
   
 
(6 040
) 
   
 
(8 419
) 
   
 
(5 993
) 
    
 
 
     
 
 
     
 
 
  
Interest income
      113        150        292  
Interest income on Brazilian tax credits
      118        315        118  
Hyperinflation monetary adjustments
      152        76        86  
Net
mark-to-market
results on derivatives related to the hedging of share-based payment programs
     
—
        —          898  
Net foreign exchange results (net of the effect of foreign exchange derivative instruments)
      —          43        —    
Other financial income
      48        58        21  
    
 
 
     
 
 
     
 
 
  
Finance income excluding exceptional items
   
 
431
     
 
642
     
 
1 415
 
    
 
 
     
 
 
     
 
 
  
Exceptional finance income
      —          80        1 104  
    
 
 
     
 
 
     
 
 
  
Finance income
   
 
431
     
 
722
     
 
2 519
 
    
 
 
     
 
 
     
 
 
  
Net finance income/(cost) excluding exceptional items
   
 
(4 803
) 
   
 
(5 959
) 
   
 
(4 355
) 
    
 
 
     
 
 
     
 
 
  
Net finance income/(cost)
   
 
(5 609
) 
   
 
(7 697
) 
   
 
(3 473
) 
    
 
 
     
 
 
     
 
 
  
Summary of Interest Income
The interest income stems from the following financial assets:
 
Million US dollar
   
2021
     
2020
     
2019
  
Cash and cash equivalents
      85        103        237  
Investment debt securities held for trading
      16        1        9  
Other loans and receivables
      11        46        46  
    
 
 
     
 
 
     
 
 
  
Total
   
 
113
     
 
150
     
 
292