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Classification and measurement of financial instruments (Tables) | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Summary of Carrying Amounts and Fair Values of Financial Assets and Liabilities |
|  | 2019 $m |  |  | 2018 Restated $m |
Financial assets |  |  |  |  |  |  |  |
Financial assets measured at fair value through other comprehensive income: |  |  |  |  |  |  |  |
Equity securities (note 1 7 ) |  |  | 133 |  |  |  | 116 |
Financial assets measured at fair value through profit or loss: |  |  |  |  |  |  |  |
Money market funds: |  |  |  |  |  |  |  |
Cash and cash equivalents (note 19) |  |  | 35 |  |  |  | 76 |
Other financial assets (note 17) |  |  | 16 |  |  |  | 16 |
Other financial assets (note 17) |  |  | 3 |  |  |  | — |
Derivative financial instruments (note 24) |  |  | 1 |  |  |  | 8 |
|  |  | 55 |  |  |  | 100 |
Financial assets measured at amortised cost: |  |  |  |  |  |  |  |
Cash and cash equivalents (note 19) |  |  | 160 |  |  |  | 628 |
Other financial assets (note 17) |  |  | 136 |  |  |  | 129 |
Trade and other receivables, excluding prepayments (note 18) |  |  | 552 |  |  |  | 502 |
|  |  | 848 |  |  |  | 1,259 |
Financial liabilities |  |  |  |  |  |  |  |
Financial liabilities measured at fair value through profit or loss: |  |  |  |  |  |  |  |
Contingent purchase consideration (note 20) |  |  | (91 | ) |  |  | (109 | )
Derivative financial instruments (note 24) |  |  | (20 | ) |  |  | — |
|  |  | (111 | ) |  |  | (109 | )
Financial liabilities measured at amortised cost: |  |  |  |  |  |  |  |
Loans and other borrowings (note 22) |  |  | (2,165 | ) |  |  | (2,014 | )
Trade and other payables, excluding deferred and contingent purchase consideration (note 20) |  |  | (570 | ) |  |  | (610 | )
Deferred purchase consideration (note 20) |  |  | (23 | ) |  |  | (22 | )
|  |  | (2,758 | ) |  |  | (2,646 | )
Summary of Fair Value Measurement Hierarchy of Assets and Liabilities |
|  | 2019 |  |  | 2018 Restated |
|  | Fair value |  |  | Fair value |
|  | Carrying value |  |  | Level 1 $m |  |  | Level 2 $m |  |  | Level 3 $m |  |  | Total $m |  |  | Carrying value |  |  | Level 1 $m |  |  | Level 2 $m |  |  | Level 3 $m |  |  | Total $m |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  |  | 133 |  |  |  | 8 |  |  |  | — |  |  |  | 125 |  |  |  | 133 |  |  |  | 116 |  |  |  | 8 |  |  |  | — |  |  |  | 108 |  |  |  | 116 |
Derivative financial instruments |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | 8 |  |  |  | — |  |  |  | 8 |  |  |  | — |  |  |  | 8 |
Money market funds |  |  | 51 |  |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | 51 |  |  |  | 92 |  |  |  | 92 |  |  |  | — |  |  |  | — |  |  |  | 92 |
Trade deposits and loans |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | (20 | ) |  |  | — |  |  |  | (20 | ) |  |  | — |  |  |  | (20 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Contingent purchase consideration |  |  | (91 | ) |  |  | — |  |  |  | — |  |  |  | (91 | ) |  |  | (91 | ) |  |  | (109 | ) |  |  | — |  |  |  | — |  |  |  | (109 | ) |  |  | (109 | )
Deferred purchase consideration |  |  | (23 | ) |  |  | (24 | ) |  |  | — |  |  |  | — |  |  |  | (24 | ) |  |  | (22 | ) |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | (22 | )
£400m 3.875% bonds 2022 |  |  | (528 | ) |  |  | (567 | ) |  |  | — |  |  |  | — |  |  |  | (567 | ) |  |  | (509 | ) |  |  | (543 | ) |  |  | — |  |  |  | — |  |  |  | (543 | )
£300m 3.75% bonds 2025 |  |  | (399 | ) |  |  | (435 | ) |  |  | — |  |  |  | — |  |  |  | (435 | ) |  |  | (385 | ) |  |  | (399 | ) |  |  | — |  |  |  | — |  |  |  | (399 | )
£350m 2.125% bonds 2026 |  |  | (462 | ) |  |  | (465 | ) |  |  | — |  |  |  | — |  |  |  | (465 | ) |  |  | (447 | ) |  |  | (417 | ) |  |  | — |  |  |  | — |  |  |  | (417 | )
€500m 2.125% bonds 2027 |  |  | (564 | ) |  |  | (601 | ) |  |  | — |  |  |  | — |  |  |  | (601 | ) |  |  | (569 | ) |  |  | (566 | ) |  |  | — |  |  |  | — |  |  |  | (566 | )
Summary of Reconciliation of Movements in the Fair Values of Financial Instruments Classified as Level 3 | The following table reconciles the movements in the fair values of financial instruments classified as Level 3 during the year:
|  |  |  | Other financial |  |  | Contingent purchase |
|  |  |  | assets |  |  | consideration |
|  |  |  | $m |  |  | $m |
At 1 January 2018 |  |  |  |  | 117 |  |  |  | — |
Additions |  |  |  |  | 4 |  |  |  | — |
Acquisition of businesses (note 11) |  |  |  |  | — |  |  |  | (109 | )
Disposals |  |  |  |  | (1 | ) |  |  | — |
Valuation losses recognised in other comprehensive income |  |  |  |  | (10 | ) |  |  | — |
Contingent purchase consideration paid, included in net cash from investing activities |  |  |  |  | — |  |  |  | 4 |
Change in fair value |  |  |  |  | — |  |  |  | (4 | )
Exchange and other adjustments |  |  |  |  | (2 | ) |  |  | — |
At 31 December 2018 |  |  |  |  | 108 |  |  |  | (109 | )
Additions |  |  |  |  | 8 |  |  |  | — |
Acquisition of businesses (note 11) |  |  |  |  | 1 |  |  |  | (15 | )
Disposals |  |  |  |  | (1 | ) |  |  | — |
Valuation gains recognised in other comprehensive income |  |  |  |  | 12 |  |  |  | — |
Contingent purchase consideration paid: |  |  |  |  |  |  |  |  |  |
Included in net cash from operating activities |  |  |  |  | — |  |  |  | 6 |
Included in net cash from investing activities |  |  |  |  | — |  |  |  | 2 |
Change in fair value (of which $38m is recorded within exceptional items) |  |  |  |  | — |  |  |  | 27 |
Exchange and other adjustments |  |  |  |  | — |  |  |  | (2 | )
At 31 December 2019 |  |  |  |  | 128 |  |  |  | (91 | )

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