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Loans and other borrowings | 12 Months Ended
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Dec. 31, 2023
Text Block [Abstract] |
Loans and other borrowings | 22. Loans and other borrowings
|  | Maturity date |  |  | Discount at issue % |  |  |  |  |  | 2023 $m |  |  |  |  |  | 2022 $m |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank overdrafts (note 18) |  |  | n/a |  |  |  | n/a |  |  |  |  |  |  |  | 44 |  |  |  |  |  |  |  | 55 |
€ 500m 1.625% bonds 2024 |  |  | 8 October 2024 |  |  |  | 0.437 |  |  |  |  |  |  |  | 555 |  |  |  |  |  |  |  | – |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 599 |  |  |  |  |  |  |  | 55 |
Non-current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
€ 500m 1.625% bonds 2024 |  |  | 8 October 2024 |  |  |  | 0.437 |  |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 534 |
£300m 3.75% bonds 2025 |  |  | 14 August 2025 |  |  |  | 0.986 |  |  |  |  |  |  |  | 387 |  |  |  |  |  |  |  | 365 |
£350m 2.125% bonds 2026 |  |  | 24 August 2026 |  |  |  | 0.550 |  |  |  |  |  |  |  | 449 |  |  |  |  |  |  |  | 423 |
€ 500m 2.125% bonds 2027 |  |  | 15 May 2027 |  |  |  | 0.470 |  |  |  |  |  |  |  | 559 |  |  |  |  |  |  |  | 539 |
£400m 3.375% bonds 2028 |  |  | 8 October 2028 |  |  |  | 1.034 |  |  |  |  |  |  |  | 509 |  |  |  |  |  |  |  | 480 |
€ 600m 4.375% bonds 2029 |  |  | 28 November 2029 |  |  |  | 0.098 |  |  |  |  |  |  |  | 663 |  |  |  |  |  |  |  | – |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,567 |  |  |  |  |  |  |  | 2,341 |
Total loans and other borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,166 |  |  |  |  |  |  |  | 2,396 |
Denominated in the following currencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sterling |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,345 |  |  |  |  |  |  |  | 1,269 |
US dollars |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 44 |  |  |  |  |  |  |  | 53 |
Euros |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,777 |  |  |  |  |  |  |  | 1,073 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  | – |  |  |  |  |  |  |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,166 |  |  |  |  |  |  |  | 2,396 |
Bonds Interest is payable annually on the dates in the table, at the rates stated. Revolving Credit Facility (‘RCF’) The $1,350m facility matures in 2028, with an option to extend for a further one year at the lender’s discretion. A variable rate of interest is payable on amounts drawn. There were no amounts drawn as at 31 December 2023 or 31 December 2022. The Group has no uncommitted facilities at 31 December 2023 (2022: $30m of which $nil was drawn).

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- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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