Interest-bearing loans and borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Interest-bearing Loans and Borrowings



Million US dollar	31 December 2023		31 December 2022
Unsecured bond issues		71 896		76 798
Lease liabilities		2 126		1 963
Unsecured other loans		119		95
Secured bank loans		23		24
Non-current interest-bearing loans and borrowings		74 163		78 880

Unsecured bond issues		2 514		-
Lease liabilities		703		529
Secured bank loans		392		369
Unsecured bank loans		182		100
Unsecured other loans		196		30
Current interest-bearing loans and borrowings		3 987		1 029

Interest-bearing loans and borrowings		78 150		79 909

Summary of total principal amount repurchased in the tender offer

The total principal amount repurchased in the tender offers is set out in the table below:

Date of redemption

Issuer
(abbreviated)

Title of series of notes
partially repurchased

Currency

Original
principal
amount
outstanding

(in million)

Principal
amount
repurchased

(in million)

Principal
amount not
repurchased
(in million)

5 December 2023

ABISA

2.850% Notes due 2037

GBP

411

163

248

5 December 2023

ABIWW

3.750% Notes due 2042

USD

471

121

350

5 December 2023

ABIWW

4.600% Notes due 2060

USD

497

150

347

5 December 2023

ABIWW

4.500% Notes due 2050

USD

1 567

465

1 102

5 December 2023

ABIWW

4.600% Notes due 2048

USD

2 179

1 124

1 055

5 December 2023

ABIWW and ABC

3.650% Notes due 2026

USD

3 491

1 237

2 254

5 December 2023

ABIFI

4.000% Notes due 2043

USD

404

340

Summary of Reconciliation of Net Debt

The following table provides a reconciliation of AB InBev’s net debt as at the dates indicated:



Million US dollar	31 December 2023		31 December 2022
Non-current interest-bearing loans and borrowings		74 163		78 880
Current interest-bearing loans and borrowings		3 987		1 029
Interest-bearing loans and borrowings		78 150		79 909

Bank overdrafts		17		83
Cash and cash equivalents		(10 332)		(9 973)
Interest bearing loans granted and other deposits (included within Trade and other receivables)		(168)		(183)
Debt securities (included within Investment securities)		(94)		(123)
Net debt		67 573		69 713

Summary of Changes in the Company's Liabilities Arising from Financing Activities



Million US dollar	Long-term debt, net of current portion		Short-term debt and current portion of long- term debt
Balance at 1 January 2023		78 880		1 029
Proceeds from borrowings		59		143
Repayments of borrowings		(3 004)		(94)
Capitalization / (payment) of lease liabilities		686		(458)
Amortized cost		61		-
Unrealized foreign exchange effects		909		83
Current portion of long-term debt		(3 113)		3 113
(Gain)/Loss on bond redemption and other movements		(316)		171
Balance at 31 December 2023		74 163		3 987



Million US dollar	Long-term debt, net of current portion		Short-term debt and current portion of long- term debt
Balance at 1 January 2022		87 369		1 408
Proceeds from borrowings		74		17
Repayments of borrowings		(6 698)		(567)
Capitalization / (payment) of lease liabilities		794		(519)
Amortized cost		63		-
Unrealized foreign exchange effects		(1 776)		(6)
Current portion of long-term debt		(617)		617
(Gain)/Loss on bond redemption and other movements		(329)		79
Balance at 31 December 2022		78 880		1 029
.



Million US dollar	Long-term debt, net of current portion		Short-term debt and current portion of long- term debt
Balance at 1 January 2021		95 478		3 081
Proceeds from borrowings		148		306
Payments on borrowings		(6 735)		(2 230)
Capitalization / (payment) of lease liabilities		697		(547)
Amortized cost		64		-
Unrealized foreign exchange effects		(2 149)		(88)
Current portion of long-term debt		(875)		875
(Gain)/Loss on bond redemption and other movements		741		10
Balance at 31 December 2021		87 369		1 408