Finance income and finance costs (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Finance Income Expense Explanatory [Abstract]

Summary of Finance Income and Finance Cost



	Note	2019 US$m		2018 US$m		2017 US$m
Finance income from equity accounted units		4		7		4
Other finance income (including bank deposits, net investment in leases, and other financial assets)		296		242		137
Total finance income		300		249		141

Interest on:
– Financial liabilities at amortised cost (excluding lease liabilities) and associated derivatives		(816	)	(775	)	(819	)
– Lease liabilities		(55	)	(2	)	(3	)
Fair value movements:
– Bonds designated as hedged items in fair value hedges		(185	)	96		28
– Derivatives designated as hedging instruments in fair value hedges		181		(73	)	(22	)
Loss on early redemption of bonds^(a)		—		(94	)	(256	)
Amounts capitalised	14	321		296		224
Total finance costs		(554	)	(552	)	(848	)

(a)

In 2018, loss on early redemption of bonds included a premium charge of US$72 million; unamortised debt issuance costs and fees of US$9 million, the write-off of the fair value hedge adjustment of US$16 million and the reclassification of a gain out of the cost of hedging reserve of US$3 million. In 2017, loss of early redemption of bonds included a premium charge of US$238 million; unamortised debt issuance costs and fees of US$14 million and the write-off of the fair value hedge adjustment of US$4 million. We did not buy back any bonds in 2019. See note 30.