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Goodwill and other intangible assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Text Block [Abstract] |
Summary of Goodwill and Other Intangible Assets |
|  |  |  |  | Goodwill $m |  |  | Brands $m |  |  | Software $m |  |  | Management agreements $m |  |  | Other intangibles $m |  |  | Total $m |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2022 |  |  |  |  |  |  | 532 |  |  |  | 439 |  |  |  | 878 |  |  |  | 122 |  |  |  | 26 |  |  |  | 1,997 |
Additions |  |  |  |  |  |  | – |  |  |  | – |  |  |  | 46 |  |  |  | – |  |  |  | – |  |  |  | 46 |
Fully amortised assets written off |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (94 | ) |  |  | – |  |  |  | – |  |  |  | (94 | )
Disposals |  |  |  |  |  |  | (8 | ) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | (8 | )
Exchange and other adjustments |  |  |  |  |  |  | (11 | ) |  |  | – |  |  |  | (5 | ) |  |  | – |  |  |  | – |  |  |  | (16 | )
At 31 December 2022 |  |  |  |  |  |  | 513 |  |  |  | 439 |  |  |  | 825 |  |  |  | 122 |  |  |  | 26 |  |  |  | 1,925 |
Additions |  |  |  |  |  |  | – |  |  |  | – |  |  |  | 52 |  |  |  | – |  |  |  | 1 |  |  |  | 53 |
Fully amortised assets written off |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (52 | ) |  |  | – |  |  |  | (3 | ) |  |  | (55 | )
Disposals |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (1 | ) |  |  | – |  |  |  | – |  |  |  | (1 | )
Exchange and other adjustments |  |  |  |  |  |  | 3 |  |  |  | – |  |  |  | 1 |  |  |  | – |  |  |  | – |  |  |  | 4 |
At 31 December 2023 |  |  |  |  |  |  | 516 |  |  |  | 439 |  |  |  | 825 |  |  |  | 122 |  |  |  | 24 |  |  |  | 1,926 |
Amortisation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2022 |  |  |  |  |  |  | (191 | ) |  |  | – |  |  |  | (485 | ) |  |  | (113 | ) |  |  | (13 | ) |  |  | (802 | )
Provided |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (20 | ) |  |  | – |  |  |  | (3 | ) |  |  | (23 | )
System Fund expense |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (78 | ) |  |  | – |  |  |  | (1 | ) |  |  | (79 | )
Impairment reversal |  |  |  |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 12 |  |  |  | – |  |  |  | 12 |
Fully amortised assets written off |  |  |  |  |  |  | – |  |  |  | – |  |  |  | 94 |  |  |  | – |  |  |  | – |  |  |  | 94 |
Disposals |  |  |  |  |  |  | 8 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 8 |
Exchange and other adjustments |  |  |  |  |  |  | 5 |  |  |  | – |  |  |  | 3 |  |  |  | – |  |  |  | 1 |  |  |  | 9 |
At 31 December 2022 |  |  |  |  |  |  | (178 | ) |  |  | – |  |  |  | (486 | ) |  |  | (101 | ) |  |  | (16 | ) |  |  | (781 | )
Provided |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (18 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | (21 | )
System Fund expense |  |  |  |  |  |  | – |  |  |  | – |  |  |  | (76 | ) |  |  | – |  |  |  | (1 | ) |  |  | (77 | )
Fully amortised assets written off |  |  |  |  |  |  | – |  |  |  | – |  |  |  | 52 |  |  |  | – |  |  |  | 3 |  |  |  | 55 |
Disposals |  |  |  |  |  |  | – |  |  |  | – |  |  |  | 1 |  |  |  | – |  |  |  | – |  |  |  | 1 |
Exchange and other adjustments |  |  |  |  |  |  | (2 | ) |  |  | – |  |  |  | (1 | ) |  |  | (1 | ) |  |  | – |  |  |  | (4 | )
At 31 December 2023 |  |  |  |  |  |  | (180 | ) |  |  | – |  |  |  | (528 | ) |  |  | (103 | ) |  |  | (16 | ) |  |  | (827 | )
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 31 December 2023 |  |  |  |  |  |  | 336 |  |  |  | 439 |  |  |  | 297 |  |  |  | 19 |  |  |  | 8 |  |  |  | 1,099 |
At 31 December 2022 |  |  |  |  |  |  | 335 |  |  |  | 439 |  |  |  | 339 |  |  |  | 21 |  |  |  | 10 |  |  |  | 1,144 |
At 1 January 2022 |  |  |  |  |  |  | 341 |  |  |  | 439 |  |  |  | 393 |  |  |  | 9 |  |  |  | 13 |  |  |  | 1,195 |
Summary of Carrying Value of Goodwill and Indefinite Life Brands were Allocated to CGUs for Year-end Impairment Testing | Allocation of goodwill and b r ands to CGUs
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Analysed as: |
|  |  |  |  | At 1 January 2022 $m |  |  | Exchange adjustments $m |  |  | At 31 December 2022 $m |  |  | Exchange adjustments $m |  |  | At 31 December 2023 $m |  |  |  |  |  | Goodwill $m |  |  | Brands $m |
Americas (group of CGUs) |  |  |  |  |  |  | 419 |  |  |  | – |  |  |  | 419 |  |  |  | – |  |  |  | 419 |  |  |  |  |  |  |  | 132 |  |  |  | 287 |
EMEAA (group of CGUs) |  |  |  |  |  |  | 337 |  |  |  | (6 | ) |  |  | 331 |  |  |  | 1 |  |  |  | 332 |  |  |  |  |  |  |  | 196 |  |  |  | 136 |
Greater China |  |  |  |  |  |  | 24 |  |  |  | – |  |  |  | 24 |  |  |  | – |  |  |  | 24 |  |  |  |  |  |  |  | 8 |  |  |  | 16 |
|  |  |  |  |  |  | 780 |  |  |  | (6 | ) |  |  | 774 |  |  |  | 1 |  |  |  | 775 |  |  |  |  |  |  |  | 336 |  |  |  | 439 |
Summary of Terminal Growth Rates and Discount Rates Used in Impairment Tests | The weighted average terminal growth rates and pre-tax discount rates are as follows:
|  |  |  |  | 2023 |  |  |  |  |  | 2022 |
|  |  |  |  | Terminal growth rate % |  |  | Pre-tax discount rate % |  |  |  |  |  | Terminal growth rate % |  |  | Pre-tax discount rate % |
Americas |  |  |  |  |  |  | 1.6 |  |  |  | 13.0 |  |  |  |  |  |  |  | 1.9 |  |  |  | 13.7 |
EMEAA |  |  |  |  |  |  | 2.4 |  |  |  | 15.1 |  |  |  |  |  |  |  | 2.5 |  |  |  | 16.2 |
Greater China |  |  |  |  |  |  | 2.5 |  |  |  | 12.1 |  |  |  |  |  |  |  | 2.5 |  |  |  | 13.8 |

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