XML 310 R38.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Equity | 12 Months Ended
--- | ---
Dec. 31, 2023
Text Block [Abstract] |
Equity | 29. Equity Equity share capital
Allotted, called up and fully paid |  |  |  |  | Number of shares millions |  |  |  |  |  | Nominal value $m |  |  | Share premium $m |  |  | Equity share capital $m |
At 1 January 2021 (ordinary shares of 20 340 / 399 p each) |  |  |  |  |  |  | 187 |  |  |  |  |  |  |  | 53 |  |  |  | 103 |  |  |  | 156 |
Exchange adjustments |  |  |  |  |  |  | – |  |  |  |  |  |  |  | – |  |  |  | (2 | ) |  |  | (2 | )
At 31 December 2021 (ordinary shares of 20 340 / 399 p each) |  |  |  |  |  |  | 187 |  |  |  |  |  |  |  | 53 |  |  |  | 101 |  |  |  | 154 |
Repurchased and cancelled under share repurchase programme |  |  |  |  |  |  | (4 | ) |  |  |  |  |  |  | (1 | ) |  |  | – |  |  |  | (1 | )
Exchange adjustments |  |  |  |  |  |  | – |  |  |  |  |  |  |  | (6 | ) |  |  | (10 | ) |  |  | (16 | )
At 31 December 2022 (ordinary shares of 20 340 / 399 p each) |  |  |  |  |  |  | 183 |  |  |  |  |  |  |  | 46 |  |  |  | 91 |  |  |  | 137 |
Repurchased and cancelled under share repurchase programme |  |  |  |  |  |  | (11 | ) |  |  |  |  |  |  | (3 | ) |  |  | – |  |  |  | (3 | )
Exchange adjustments |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 3 |  |  |  | 4 |  |  |  | 7 |
At 31 December 2023 (ordinary shares of 20 340 / 399 p each) |  |  |  |  |  |  | 172 |  |  |  |  |  |  |  | 46 |  |  |  | 95 |  |  |  | 141 |
Under the authority given to the Company by shareholders at the AGM held on 6 May 2022 to purchase its own shares, in August 2022 the Board approved a $500m share buyback programme that commenced on 9 August 2022 and completed on 31 January 2023. In February 2023 the Board approved a further $750m share buyback programme which completed on 29 December 2023. In the year ended 31 December 2023, 10.9m shares were repurchased for total consideration of $790m including $28m transaction costs and subsequently cancelled. Of the total consideration, $38m relates to the completion of the 2022 programme and $752m relates to the 2023 programme. The cost of treasury shares and related transaction costs have been deducted from retained earnings. In the year ended 31 December 2022, 9.1m shares were repurchased for total consideration of $482m including $2m transaction costs, of which 4.5m were held as treasury shares and 4.6m were cancelled. When approving shareholder returns in 2022 and 2023, the Board first reviewed the Parent Company Financial Statements to confirm availability of sufficient distributable reserves. In February 2024, the Board approved a further $800m share buyback programme. A resolution to renew the authority to repurchase shares will be put to shareholders at the AGM on 3 May 2024. The Company no longer has an authorised share capital. Shares held by employee share trusts
|  |  |  |  | Number of shares millions |  |  |  |  |  | Carrying value $m |  |  | Market value $m |
31 December 2023 |  |  |  |  |  |  | 0.8 |  |  |  |  |  |  |  | 35.0 |  |  |  | 73.6 |
31 December 2022 |  |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  | 37.0 |  |  |  | 62.8 |
31 December 2021 |  |  |  |  |  |  | 0.9 |  |  |  |  |  |  |  | 21.7 |  |  |  | 57.3 |
Shares held by employee share trusts includes 0.2m shares (2022: 0.2m shares) held in a nominee account on behalf of participants. Treasury shares
|  |  |  |  | Number of shares millions |  |  |  |  |  | Nominal value $m |
At 1 January 2021 |  |  |  |  |  |  | 5.1 |  |  |  |  |  |  |  | 1.4 |
Transferred to employee share trusts |  |  |  |  |  |  | (1.4 | ) |  |  |  |  |  |  | (0.4 | )
At 31 December 2021 |  |  |  |  |  |  | 3.7 |  |  |  |  |  |  |  | 1.0 |
Transferred to employee share trusts |  |  |  |  |  |  | (0.7 | ) |  |  |  |  |  |  | (0.2 | )
Repurchased under share repurchase programme |  |  |  |  |  |  | 4.5 |  |  |  |  |  |  |  | 1.1 |
At 31 December 2022 |  |  |  |  |  |  | 7.5 |  |  |  |  |  |  |  | 1.9 |
Transferred to employee share trusts |  |  |  |  |  |  | (0.5 | ) |  |  |  |  |  |  | (0.1 | )
Exchange adjustments |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 0.1 |
At 31 December 2023 |  |  |  |  |  |  | 7.0 |  |  |  |  |  |  |  | 1.9 |
Cash flow hedge reserves
|  |  |  |  | Cash flow hedge reserve $m |  |  | Cost of hedging reserve $m |  |  | Total $m |
At 1 January 2021 |  |  |  |  |  |  | (11 | ) |  |  | (13 | ) |  |  | (24 | )
Costs of hedging deferred and recognised in other comprehensive income |  |  |  |  |  |  | – |  |  |  | 2 |  |  |  | 2 |
Change in fair value of currency swaps recognised in other comprehensive income |  |  |  |  |  |  | (62 | ) |  |  | – |  |  |  | (62 | )
Reclassified from other comprehensive income to profit or loss – included in financial expenses |  |  |  |  |  |  | 96 |  |  |  | – |  |  |  | 96 |
Deferred tax |  |  |  |  |  |  | (7 | ) |  |  | – |  |  |  | (7 | )
At 31 December 2021 |  |  |  |  |  |  | 16 |  |  |  | (11 | ) |  |  | 5 |
Costs of hedging deferred and recognised in other comprehensive income |  |  |  |  |  |  | – |  |  |  | 3 |  |  |  | 3 |
Change in fair value of currency swaps recognised in other comprehensive income |  |  |  |  |  |  | 33 |  |  |  | – |  |  |  | 33 |
Reclassified from other comprehensive income to profit or loss – included in financial expenses |  |  |  |  |  |  | (43 | ) |  |  | – |  |  |  | (43 | )
Deferred tax |  |  |  |  |  |  | 2 |  |  |  | – |  |  |  | 2 |
At 31 December 2022 |  |  |  |  |  |  | 8 |  |  |  | (8 | ) |  |  | – |
Change in fair value of currency swaps recognised in other comprehensive income |  |  |  |  |  |  | (30 | ) |  |  | – |  |  |  | (30 | )
Reclassified from other comprehensive income to profit or loss – included in financial expenses |  |  |  |  |  |  | 28 |  |  |  | – |  |  |  | 28 |
At 31 December 2023 |  |  |  |  |  |  | 6 |  |  |  | (8 | ) |  |  | (2 | )
Amounts reclassified from other comprehensive income to financial expenses comprise $14m (2022: $14m, 2021: $15m) net interest payable on the currency swaps and an exchange loss of $14m (2022: $57m gain, 2021: $81m loss) which offsets a corresponding gain or loss on the hedged bonds.

X
- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 79 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_79&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | ihg_TextBlockAbstract
Namespace Prefix: | ihg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration