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Financial instruments (Tables)
 6 Months Ended
Jun. 30, 2019
Financial Instruments [Abstract]  
Disclosure of fair value measurement of assets
The below tables summarize assets and liabilities measured at fair value on a recurring basis or at amortized cost.
 
June 30, 2019
($ millions)
Level 1
Level 2
Level 3
Valued at amortized cost or cost(2)
Total
Non-current financial assets
 
 
 
 
 
Long-term financial investments measured at FVOCI
—

—

22

—

22

Fund investments
—

—

25

—

25

Long-term receivables from customers
—

—

—

147

147

Non-current minimum lease payments from finance lease agreements
—

—

—

82

82

Long-term loans, advances, security deposits and warrant options
—

—

—

81

81

Total non-current financial assets
—

—

47

310

357

Current financial assets(1)
 
 
 
 
 
Current portion of long-term receivables from customers
—

—

—

131

131

Minimum lease payments from finance lease agreements
—

—

—

53

53

Other receivables, security deposits and current assets
—

—

—

145

145

VAT receivables
—

—

—

67

67

Derivative financial instruments
—

1

—

—

1

Total current financial assets
—

1

—

396

397

Total financial assets at fair value and amortized cost or cost
—

1

47

706

754

Financial liabilities
 
 
 
 
 
Contingent consideration payables
—

—

(293
)
—

(293
)
Non-current financial debt
—

—

—

(1,751
)
(1,751
)
Current financial debt
—

—

—

(1,759
)
(1,759
)
Derivative financial instruments
—

(12
)
—

—

(12
)
Total financial liabilities at fair value and amortized cost
—

(12
)
(293
)
(3,510
)
(3,815
)
(1) Current financial assets referenced in the above table are recorded in Other current assets.
(2) Carrying amount is a reasonable approximation of fair value.



 
December 31, 2018
($ millions)
Level 1
Level 2
Level 3
Valued at amortized cost or cost(2)
Total
Non-current financial assets
 
 
 
 
 
Long-term financial investments measured at FVOCI
—

—

19

—

19

Fund investments
—

—

27

—

27

Long-term receivables from customers
—

—

—

164

164

Non-current minimum lease payments from finance lease agreements
—

—

—

91

91

Long-term loans, advances, security deposits and warrant options
—

—

—

87

87

Total non-current financial assets
—

—

46

342

388

Current financial assets(1)
 
 
 
 
 
Current portion of long-term receivables from customers
—

—

—

133

133

Minimum lease payments from finance lease agreements
—

—

—

57

57

Other receivables, security deposits and current assets
—

—

—

83

83

VAT receivables
—

—

—

68

68

Derivative financial instruments
—

—

—

—

—

Total current financial assets
—

—

—

341

341

Total financial assets at fair value and amortized cost or cost
—

—

46

683

729

Financial liabilities
 
 
 
 
 
Contingent consideration payables
—

—

(162
)
—

(162
)
Non-current financial debt
—

—

—

—

—

Current financial debt
—

—

—

(47
)
(47
)
Derivative financial instruments
—

—

—

—

—

Total financial liabilities at fair value and amortized cost
—

—

(162
)
(47
)
(209
)
(1) Current financial assets referenced in the above table are recorded in Other current assets.
(2) Carrying amount is a reasonable approximation of fair value.
Financial assets
 
 
Long-term financial investments measured
at FVOCI
 
Fund investment
($ millions)
 
2019
2018
 
2019
2018
Balance as of January 1(1)
 
19

26

 
27

25

Additions
 
8

11

 
—

—

Cash receipts and payments
 
—

—

 
—

(5
)
Gains/(losses) recognized in consolidated statement of comprehensive income
 
(7
)
—

 
—

—

Unrealized gains/(losses) in income statement
 
—

—

 
(2
)
49

Reclassification
 
2

5

 
—

—

Balance as of June 30
 
22

42

 
25

69

(1) January 1, 2018 balances reflected in this table are as adjusted for adoption of IFRS 9, Financial Instruments.
Disclosure of fair value measurement of liabilities
The below tables summarize assets and liabilities measured at fair value on a recurring basis or at amortized cost.
 
June 30, 2019
($ millions)
Level 1
Level 2
Level 3
Valued at amortized cost or cost(2)
Total
Non-current financial assets
 
 
 
 
 
Long-term financial investments measured at FVOCI
—

—

22

—

22

Fund investments
—

—

25

—

25

Long-term receivables from customers
—

—

—

147

147

Non-current minimum lease payments from finance lease agreements
—

—

—

82

82

Long-term loans, advances, security deposits and warrant options
—

—

—

81

81

Total non-current financial assets
—

—

47

310

357

Current financial assets(1)
 
 
 
 
 
Current portion of long-term receivables from customers
—

—

—

131

131

Minimum lease payments from finance lease agreements
—

—

—

53

53

Other receivables, security deposits and current assets
—

—

—

145

145

VAT receivables
—

—

—

67

67

Derivative financial instruments
—

1

—

—

1

Total current financial assets
—

1

—

396

397

Total financial assets at fair value and amortized cost or cost
—

1

47

706

754

Financial liabilities
 
 
 
 
 
Contingent consideration payables
—

—

(293
)
—

(293
)
Non-current financial debt
—

—

—

(1,751
)
(1,751
)
Current financial debt
—

—

—

(1,759
)
(1,759
)
Derivative financial instruments
—

(12
)
—

—

(12
)
Total financial liabilities at fair value and amortized cost
—

(12
)
(293
)
(3,510
)
(3,815
)
(1) Current financial assets referenced in the above table are recorded in Other current assets.
(2) Carrying amount is a reasonable approximation of fair value.



 
December 31, 2018
($ millions)
Level 1
Level 2
Level 3
Valued at amortized cost or cost(2)
Total
Non-current financial assets
 
 
 
 
 
Long-term financial investments measured at FVOCI
—

—

19

—

19

Fund investments
—

—

27

—

27

Long-term receivables from customers
—

—

—

164

164

Non-current minimum lease payments from finance lease agreements
—

—

—

91

91

Long-term loans, advances, security deposits and warrant options
—

—

—

87

87

Total non-current financial assets
—

—

46

342

388

Current financial assets(1)
 
 
 
 
 
Current portion of long-term receivables from customers
—

—

—

133

133

Minimum lease payments from finance lease agreements
—

—

—

57

57

Other receivables, security deposits and current assets
—

—

—

83

83

VAT receivables
—

—

—

68

68

Derivative financial instruments
—

—

—

—

—

Total current financial assets
—

—

—

341

341

Total financial assets at fair value and amortized cost or cost
—

—

46

683

729

Financial liabilities
 
 
 
 
 
Contingent consideration payables
—

—

(162
)
—

(162
)
Non-current financial debt
—

—

—

—

—

Current financial debt
—

—

—

(47
)
(47
)
Derivative financial instruments
—

—

—

—

—

Total financial liabilities at fair value and amortized cost
—

—

(162
)
(47
)
(209
)
(1) Current financial assets referenced in the above table are recorded in Other current assets.
(2) Carrying amount is a reasonable approximation of fair value.
Financial liabilities
 
 
Contingent consideration liabilities
($ millions)
 
2019
 
2018
Balance as of January 1
 
(162
)
 
(113
)
Additions
 
(135
)
 
—

Accretion for passage of time
 
(9
)
 
(10
)
Adjustments for change in assumptions
 
13

 
—

Payments
 
—

 
—

Balance as of June 30
 
(293
)
 
(123
)
Disclosure of current and non-current financial debts outstanding
The below table summarizes current and non-current Financial debts outstanding as of June 30, 2019 and December 31, 2018. The below Financial debts are measured at amortized costs.
($ millions)
 
June 30, 2019

 
December 31, 2018

Non-current financial debts
 
 
 
 
Facility A
 
498

 
—

Facility B
 
792

 
—

Facility C
 
396

 
—

Local facilities (Japan)
 
65

 
—

Revolving facility
 
—

 
—

Total non-current financial debts
 
1,751

 
—

 
 
 
 
 
Current financial debts
 
 
 
 
Bridge Facility
 
1,496

 
—

Local facilities:
 
 
 
 
  Japan
 
86

 
—

  All others
 
129

 
32

Other short-term financial debts
 
48

 
15

Derivatives
 
12

 
—

Total current financial debts
 
1,771

 
47

Total financial debts
 
3,522

 
47