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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2020
Text Block [Abstract] |
Property, Plant and Equipment | 10. Property, plant and equipment The Group’s property, plant and equipment is comprised of owned assets (note 10A) and leased assets (note 10B). Property, plant and equipment is measured at cost including eligible borrowing costs less depreciation and accumulated impairment losses. Property, plant and equipment is subject to review for impairment if triggering events or circumstances indicate that this is necessary. If an indication of impairment exists, the asset’s or cash generating unit’s recoverable amount is estimated and any impairment loss is charged to the income statement as it arises. Owned assets Owned assets are initially measured at historical cost. Depreciation is provided on a straight-line basis over the expected average useful lives of the assets. Residual values are reviewed at least annually. Estimated useful lives by major class of assets are as follows:
•   freehold buildings (no depreciation on freehold land) |  | 40 years
•   leasehold land and buildings |  | 40 years (or life of lease if less)
•   plant and equipment |  | 2–20 years
Leased assets The cost of a leased asset is measured as the lease liability at inception of the lease contract and other direct costs less any incentives granted by the lessor. The Group has not capitalised leases which are less than 12 months or leases of low value assets. These mainly relate to IT equipment, office equipment, furniture and fitting and other peripheral items. When a lease liability is remeasured, the related lease asset is adjusted by the same amount. Depreciation is provided on a straight-line basis from the commencement date of the lease to the end of the lease term.
|  |  |  |  | € million |  |  | € million |
Property, plant and equipment |  | Notes |  |  | 2020 |  |  | 2019 |
Owned assets |  |  | 10A |  |  |  | 8,909 |  |  |  | 10,249 |
Leased assets |  |  | 10B |  |  |  | 1,649 |  |  |  | 1,813 |
Total |  |  |  |  |  |  | 10,558 |  |  |  | 12,062 |
10A. Owned assets
Movements during 2020 |  | € million Land and buildings |  |  | € million Plant and equipment |  |  | € million Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
1 January 2020 |  |  | 4,498 |  |  |  | 15,844 |  |  |  | 20,342 |
Additions through business combinations |  |  | 122 |  |  |  | 44 |  |  |  | 166 |
Additions |  |  | 107 |  |  |  | 756 |  |  |  | 863 |
Disposals and other movements |  |  | (90 | ) |  |  | (901 | ) |  |  | (991 | )
Hyperinflationary adjustment |  |  | (18 | ) |  |  | (27 | ) |  |  | (45 | )
Reclassification as held for sale |  |  | (19 | ) |  |  | (81 | ) |  |  | (100 | )
Currency retranslation |  |  | (397 | ) |  |  | (1,330 | ) |  |  | (1,727 | )
31 December 2020 |  |  | 4,203 |  |  |  | 14,305 |  |  |  | 18,508 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |
1 January 2020 |  |  | (1,479 | ) |  |  | (8,614 | ) |  |  | (10,093 | )
Depreciation charge for the year |  |  | (135 | ) |  |  | (1,093 | ) |  |  | (1,228 | )
Disposals and other movements |  |  | 54 |  |  |  | 814 |  |  |  | 868 |
Hyperinflationary adjustment |  |  | 6 |  |  |  | 20 |  |  |  | 26 |
Reclassification as held for sale |  |  | 11 |  |  |  | 60 |  |  |  | 71 |
Currency retranslation |  |  | 103 |  |  |  | 654 |  |  |  | 757 |
31 December 2020 |  |  | (1,440 | ) |  |  | (8,159 | ) |  |  | (9,599 | )
Net book value 31 December 2020 (a) |  |  | 2,763 |  |  |  | 6,146 |  |  |  | 8,909 |
Includes capital expenditures for assets under construction |  |  | 75 |  |  |  | 660 |  |  |  | 735 |
The Group has commitments to purchase property, plant and equipment of €251 million (2019: €264 million).
Movements during 2019 |  | € million Land and buildings |  |  | € million Plant and equipment |  |  | € million Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
1 January 2019 |  |  | 4,386 |  |  |  | 15,216 |  |  |  | 19,602 |
Additions through business combinations |  |  | 7 |  |  |  | 28 |  |  |  | 35 |
Additions |  |  | 175 |  |  |  | 1,141 |  |  |  | 1,316 |
Disposals and other movements |  |  | (72 | ) |  |  | (649 | ) |  |  | (721 | )
Hyperinflationary adjustment |  |  | (3 | ) |  |  | (28 | ) |  |  | (31 | )
Reclassification as held for sale |  |  | (63 | ) |  |  | (116 | ) |  |  | (179 | )
Currency retranslation |  |  | 68 |  |  |  | 252 |  |  |  | 320 |
31 December 2019 |  |  | 4,498 |  |  |  | 15,844 |  |  |  | 20,342 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |
1 January 2019 |  |  | (1,390 | ) |  |  | (7,998 | ) |  |  | (9,388 | )
Depreciation charge for the year |  |  | (134 | ) |  |  | (1,022 | ) |  |  | (1,156 | )
Disposals and other movements |  |  | 28 |  |  |  | 456 |  |  |  | 484 |
Hyperinflationary adjustment |  |  | 5 |  |  |  | 30 |  |  |  | 35 |
Reclassification as held for sale |  |  | 38 |  |  |  | 81 |  |  |  | 119 |
Currency retranslation |  |  | (26 | ) |  |  | (161 | ) |  |  | (187 | )
31 December 2019 |  |  | (1,479 | ) |  |  | (8,614 | ) |  |  | (10,093 | )
Net book value 31 December 2019 (a) |  |  | 3,019 |  |  |  | 7,230 |  |  |  | 10,249 |
Includes capital expenditures for assets under construction |  |  | 78 |  |  |  | 872 |  |  |  | 950 |
(a) | Includes €347 million (2019: €319 million) of freehold land.
10B. Leased assets
Movements during 2020 |  | € million Land and buildings |  |  | € million Plant and equipment |  |  | € million Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
1 January 2020 |  |  | 2,874 |  |  |  | 827 |  |  |  | 3,701 |
Additions through business combinations |  |  | 30 |  |  |  | 3 |  |  |  | 33 |
Additions |  |  | 390 |  |  |  | 189 |  |  |  | 579 |
Disposals and other movements |  |  | (436 | ) |  |  | (188 | ) |  |  | (624 | )
Hyperinflationary adjustment |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Currency retranslation |  |  | (216 | ) |  |  | (63 | ) |  |  | (279 | )
31 December 2020 |  |  | 2,639 |  |  |  | 768 |  |  |  | 3,407 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |
1 January 2020 |  |  | (1,397 | ) |  |  | (491 | ) |  |  | (1,888 | )
Depreciation charge for the year |  |  | (315 | ) |  |  | (142 | ) |  |  | (457 | )
Disposals and other movements |  |  | 300 |  |  |  | 150 |  |  |  | 450 |
Currency retranslation |  |  | 101 |  |  |  | 36 |  |  |  | 137 |
31 December 2020 |  |  | (1,311 | ) |  |  | (447 | ) |  |  | (1,758 | )
Net book value 31 December 2020 |  |  | 1,328 |  |  |  | 321 |  |  |  | 1,649 |
Movements during 2019 |  | € million Land and buildings |  |  | € million Plant and equipment |  |  | € million Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
1 January 2019 |  |  | 2,770 |  |  |  | 816 |  |  |  | 3,586 |
Additions |  |  | 278 |  |  |  | 174 |  |  |  | 452 |
Disposals and other movements |  |  | (240 | ) |  |  | (180 | ) |  |  | (420 | )
Hyperinflationary adjustment |  |  | 23 |  |  |  | — |  |  |  | 23 |
Currency retranslation |  |  | 43 |  |  |  | 17 |  |  |  | 60 |
31 December 2019 |  |  | 2,874 |  |  |  | 827 |  |  |  | 3,701 |
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |
1 January 2019 |  |  | (1,241 | ) |  |  | (471 | ) |  |  | (1,712 | )
Depreciation charge for the year |  |  | (297 | ) |  |  | (159 | ) |  |  | (456 | )
Disposals and other movements |  |  | 154 |  |  |  | 150 |  |  |  | 304 |
Hyperinflationary adjustment |  |  | 9 |  |  |  | — |  |  |  | 9 |
Currency retranslation |  |  | (22 | ) |  |  | (11 | ) |  |  | (33 | )
31 December 2019 |  |  | (1,397 | ) |  |  | (491 | ) |  |  | (1,888 | )
Net book value 31 December 2019 |  |  | 1,477 |  |  |  | 336 |  |  |  | 1,813 |
Our leases mainly comprise of land and buildings and plant and equipment. The Group leases land and buildings for manufacturing, warehouse facilities and office space and also sublets some property. Plant and equipment includes leases for vehicles. The Group has recognised in the income statement, a charge of €96 million (2019: €97 million) for short-term leases and €77 million (2019: €79 million) on leases for low-value assets. During the year, the Group recognised an income of €19 million (2019: €25 million) from sublet properties. Cash flows: The total cash outflows for leases was €525 million (2019: €534 million). Lease liabilities: Lease liabilities are shown in note 15 on pages 143 and 147.

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