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Consolidated statement of cash flows (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Borrowings      
Dividends from joint ventures and associates $ 148 $ 209 $ 112
Changes in the carrying value of the structural borrowings of shareholder-financed businesses are analysed as follows:      
Issuance of core structural borrowings [1]     346
Redemption of core structural borrowings [1]   (393) (2,075)
Mainland China joint venture      
Borrowings      
Cash advance made 174 176  
Cash advance converted into capital injection 176    
Core structural borrowings of shareholder-financed businesses      
Changes in the carrying value of the structural borrowings of shareholder-financed businesses are analysed as follows:      
Balance at beginning of year 3,933 4,261 6,127
Issuance of core structural borrowings     346
Redemption of core structural borrowings   (393) (2,075)
Foreign exchange movement (15) 58 (147)
Other movements 7 7 10
Balance at end of year $ 3,925 $ 3,933 $ 4,261
[1] Structural borrowings of shareholder-financed businesses exclude borrowings to support short-term fixed income securities programmes, lease liabilities and other borrowings of shareholder-financed businesses. Cash flows in respect of these borrowings are included within cash flows from operating activities.