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Financial instruments - additional disclosures (Tables) | 12 Months Ended
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Dec. 31, 2019
Financial Instruments [Abstract] |
Details related to financial instruments | Financial assets
($ millions) | 2019 |  |  | 2018 |
Long-term financial investments measured at FVOCI | 31 |  |  | 19 |
Long-term financial investments measured at FVPL | 28 |  |  | 67 |
Long-term receivables from customers | 136 |  |  | 164 |
Minimum lease payments from finance lease agreements | 78 |  |  | 91 |
Long-term loans, advances, and security deposits | 34 |  |  | 47 |
Total financial assets | 307 |  |  | 388 |
The below table provides detail related to financial instruments as of December 31, 2019 and 2018.
($ millions) | Note |  | 2019 |  |  | 2018 |
Cash and cash equivalents |  |  |  |  |
Cash in current accounts |  |  | 392 |  |  | 227 |
Cash held in time deposits and money market funds |  |  | 430 |  |  | — |
Total Cash and cash equivalents |  |  | 822 |  |  | 227 |
Financial assets - measured at fair value through other comprehensive income ("FVOCI") |  |  |  |  |
Long-term financial investments | 12 |  | 31 |  |  | 19 |
Total financial assets - measured at FVOCI |  |  | 31 |  |  | 19 |
Financial assets - measured at amortized costs(1) |  |  |  |  |
Trade receivables | 14 |  | 1,390 |  |  | 1,253 |
Receivables from former parent | 25 |  | — |  |  | 20 |
Income tax receivables |  |  | 17 |  |  | 33 |
Other financial receivables from former parent | 25 |  | — |  |  | 39 |
Other current assets (excluding prepaid expenses and other current assets measured at FVPL) | 15 |  | 379 |  |  | 310 |
Long-term receivables from customers | 12 |  | 136 |  |  | 164 |
Non-current minimum lease payments from finance lease agreements | 12 |  | 78 |  |  | 91 |
Long-term loans, advances, and security deposits | 12 |  | 34 |  |  | 47 |
Total financial assets - measured at amortized costs |  |  | 2,034 |  |  | 1,957 |
Financial assets - measured at fair value through profit and loss ("FVPL") |  |  |  |  |
Current portion of long-term financial investments | 15 |  | 33 |  |  | 31 |
Derivative fInancial instruments | 15 |  | 1 |  |  | — |
Long-term financial investments | 12 |  | 28 |  |  | 67 |
Total financial assets - measured at FVPL |  |  | 62 |  |  | 98 |
Total financial assets |  |  | 2,949 |  |  | 2,301 |
Financial liabilities - measured at amortized cost or cost(1) |  |  |  |  |
Current financial liabilities |  |  |  |  |
Financial debts | 17 |  | 245 |  |  | 47 |
Lease liabilities | 16 |  | 61 |  |  | — |
Trade payables |  |  | 833 |  |  | 663 |
Payables to former parent | 25 |  | — |  |  | 85 |
Other financial liabilities to former parent | 25 |  | — |  |  | 67 |
Total current financial liabilities - measured at amortized cost or cost |  |  | 1,139 |  |  | 862 |
Non-current financial liabilities |  |  |  |  |
Financial debts | 17 |  | 3,218 |  |  | — |
Lease liabilities | 16 |  | 280 |  |  | 89 |
Total non-current financial liabilities - measured at amortized cost or cost |  |  | 3,498 |  |  | 89 |
Total financial liabilities - measured at amortized cost or cost |  |  | 4,637 |  |  | 951 |
Financial liabilities - measured at FVPL |  |  |  |  |
Contingent consideration liabilities | 19/20 |  | 243 |  |  | 162 |
Derivative financial instruments | 17 |  | 16 |  |  | — |
Total financial liabilities - measured at FVPL |  |  | 259 |  |  | 162 |
Total financial liabilities |  |  | 4,896 |  |  | 1,113 |
Net financial assets and financial liabilities |  |  | (1,947 | ) |  | 1,188 |
(1) The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2029 and 2049 notes recorded in Non-current financial debts with a fair value of $2,049 million and carrying value of $1,979 million as of December 31, 2019. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Details related to financial instruments | The below table provides detail related to financial instruments as of December 31, 2019 and 2018.
($ millions) | Note |  | 2019 |  |  | 2018 |
Cash and cash equivalents |  |  |  |  |
Cash in current accounts |  |  | 392 |  |  | 227 |
Cash held in time deposits and money market funds |  |  | 430 |  |  | — |
Total Cash and cash equivalents |  |  | 822 |  |  | 227 |
Financial assets - measured at fair value through other comprehensive income ("FVOCI") |  |  |  |  |
Long-term financial investments | 12 |  | 31 |  |  | 19 |
Total financial assets - measured at FVOCI |  |  | 31 |  |  | 19 |
Financial assets - measured at amortized costs(1) |  |  |  |  |
Trade receivables | 14 |  | 1,390 |  |  | 1,253 |
Receivables from former parent | 25 |  | — |  |  | 20 |
Income tax receivables |  |  | 17 |  |  | 33 |
Other financial receivables from former parent | 25 |  | — |  |  | 39 |
Other current assets (excluding prepaid expenses and other current assets measured at FVPL) | 15 |  | 379 |  |  | 310 |
Long-term receivables from customers | 12 |  | 136 |  |  | 164 |
Non-current minimum lease payments from finance lease agreements | 12 |  | 78 |  |  | 91 |
Long-term loans, advances, and security deposits | 12 |  | 34 |  |  | 47 |
Total financial assets - measured at amortized costs |  |  | 2,034 |  |  | 1,957 |
Financial assets - measured at fair value through profit and loss ("FVPL") |  |  |  |  |
Current portion of long-term financial investments | 15 |  | 33 |  |  | 31 |
Derivative fInancial instruments | 15 |  | 1 |  |  | — |
Long-term financial investments | 12 |  | 28 |  |  | 67 |
Total financial assets - measured at FVPL |  |  | 62 |  |  | 98 |
Total financial assets |  |  | 2,949 |  |  | 2,301 |
Financial liabilities - measured at amortized cost or cost(1) |  |  |  |  |
Current financial liabilities |  |  |  |  |
Financial debts | 17 |  | 245 |  |  | 47 |
Lease liabilities | 16 |  | 61 |  |  | — |
Trade payables |  |  | 833 |  |  | 663 |
Payables to former parent | 25 |  | — |  |  | 85 |
Other financial liabilities to former parent | 25 |  | — |  |  | 67 |
Total current financial liabilities - measured at amortized cost or cost |  |  | 1,139 |  |  | 862 |
Non-current financial liabilities |  |  |  |  |
Financial debts | 17 |  | 3,218 |  |  | — |
Lease liabilities | 16 |  | 280 |  |  | 89 |
Total non-current financial liabilities - measured at amortized cost or cost |  |  | 3,498 |  |  | 89 |
Total financial liabilities - measured at amortized cost or cost |  |  | 4,637 |  |  | 951 |
Financial liabilities - measured at FVPL |  |  |  |  |
Contingent consideration liabilities | 19/20 |  | 243 |  |  | 162 |
Derivative financial instruments | 17 |  | 16 |  |  | — |
Total financial liabilities - measured at FVPL |  |  | 259 |  |  | 162 |
Total financial liabilities |  |  | 4,896 |  |  | 1,113 |
Net financial assets and financial liabilities |  |  | (1,947 | ) |  | 1,188 |
(1) | The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2029 and 2049 notes recorded in Non-current financial debts with a fair value of $2,049 million and carrying value of $1,979 million as of December 31, 2019. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Disclosure of fair value measurement of assets | The following tables summarize financial assets and liabilities measured at fair value on a recurring basis or at amortized cost or cost as of December 31, 2019 and 2018.
| December 31, 2019
($ millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Valued at amortized cost or cost |  |  | Total |
Non-current financial assets |  |  |  |  |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  |  | — |  |  | 31 |  |  | — |  |  | 31 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 136 |  |  | 136 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 78 |  |  | 78 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 34 |  |  | 34 |
Total non-current financial assets | — |  |  | — |  |  | 59 |  |  | 248 |  |  | 307 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Current portion of long-term financial investments measured at FVPL(1) | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Current portion of long-term receivables from customers(1) | — |  |  | — |  |  | — |  |  | 122 |  |  | 122 |
Current portion of minimum lease payments from finance lease agreements(1) | — |  |  | — |  |  | — |  |  | 46 |  |  | 46 |
Other receivables, security deposits and current assets(1) | — |  |  | — |  |  | — |  |  | 147 |  |  | 147 |
VAT receivables(1) | — |  |  | — |  |  | — |  |  | 64 |  |  | 64 |
Derivative financial instruments(1) | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total current financial assets | 120 |  |  | 1 |  |  | 33 |  |  | 379 |  |  | 533 |
Total financial assets at fair value and amortized cost or cost | 120 |  |  | 1 |  |  | 92 |  |  | 627 |  |  | 840 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (243 | ) |  | — |  |  | (243 | )
Non-current financial debt | — |  |  | — |  |  | — |  |  | (3,218 | ) |  | (3,218 | )
Current financial debt | — |  |  | — |  |  | — |  |  | (245 | ) |  | (245 | )
Derivative financial instruments | — |  |  | (16 | ) |  | — |  |  | — |  |  | (16 | )
Total financial liabilities at fair value and amortized cost | — |  |  | (16 | ) |  | (243 | ) |  | (3,463 | ) |  | (3,722 | )
(1) | Recorded in Other current assets.
| December 31, 2018
($ millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Valued at amortized cost or cost |  |  | Total |
Non-current financial assets |  |  |  |  |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 67 |  |  | — |  |  | 67 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 164 |  |  | 164 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 91 |  |  | 91 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 47 |  |  | 47 |
Total non-current financial assets | — |  |  | — |  |  | 86 |  |  | 302 |  |  | 388 |
Current financial assets(1) |  |  |  |  |  |  |  |  |
Current portion of long-term financial investments measured at FVPL | — |  |  | — |  |  | 31 |  |  | — |  |  | 31 |
Current portion of long-term receivables from customers | — |  |  | — |  |  | — |  |  | 133 |  |  | 133 |
Current portion of minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 57 |  |  | 57 |
Other receivables, security deposits and current assets | — |  |  | — |  |  | — |  |  | 52 |  |  | 52 |
VAT receivables | — |  |  | — |  |  | — |  |  | 68 |  |  | 68 |
Derivative financial instruments | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total current financial assets | — |  |  | — |  |  | 31 |  |  | 310 |  |  | 341 |
Total financial assets at fair value and amortized cost or cost | — |  |  | — |  |  | 117 |  |  | 612 |  |  | 729 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (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.
| Long-term financial investments measured at FVOCI |  | Financial investments measured at FVPL
($ millions) | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Balance as of January 1(1) | 19 |  |  | 26 |  |  | 98 |  |  | 78 |
Additions | 17 |  |  | 11 |  |  | 34 |  |  | 92 |
Cash receipts and payments | — |  |  | — |  |  | (7 | ) |  | (5 | )
Gains/(losses) recognized in consolidated statements of comprehensive (loss)/income | (7 | ) |  | (23 | ) |  | — |  |  | — |
Unrealized gains/(losses) in consolidated income statements | — |  |  | — |  |  | (3 | ) |  | 7 |
Amortization | — |  |  | — |  |  | (61 | ) |  | (74 | )
Reclassification | 2 |  |  | 5 |  |  | — |  |  | — |
Balance as of December 31 | 31 |  |  | 19 |  |  | 61 |  |  | 98 |
(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 |
| Contingent consideration liabilities
($ millions) | 2019 |  |  | 2018 |
Balance as of January 1 | (162 | ) |  | (113 | )
Additions | (135 | ) |  | (102 | )
Accretion for passage of time | (21 | ) |  | (9 | )
Adjustments for changes in assumptions | 75 |  |  | 62 |
Payments | — |  |  | — |
Balance as of December 31 | (243 | ) |  | (162 | )
The following tables summarize financial assets and liabilities measured at fair value on a recurring basis or at amortized cost or cost as of December 31, 2019 and 2018.
| December 31, 2019
($ millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Valued at amortized cost or cost |  |  | Total |
Non-current financial assets |  |  |  |  |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  |  | — |  |  | 31 |  |  | — |  |  | 31 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 136 |  |  | 136 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 78 |  |  | 78 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 34 |  |  | 34 |
Total non-current financial assets | — |  |  | — |  |  | 59 |  |  | 248 |  |  | 307 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Current portion of long-term financial investments measured at FVPL(1) | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Current portion of long-term receivables from customers(1) | — |  |  | — |  |  | — |  |  | 122 |  |  | 122 |
Current portion of minimum lease payments from finance lease agreements(1) | — |  |  | — |  |  | — |  |  | 46 |  |  | 46 |
Other receivables, security deposits and current assets(1) | — |  |  | — |  |  | — |  |  | 147 |  |  | 147 |
VAT receivables(1) | — |  |  | — |  |  | — |  |  | 64 |  |  | 64 |
Derivative financial instruments(1) | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total current financial assets | 120 |  |  | 1 |  |  | 33 |  |  | 379 |  |  | 533 |
Total financial assets at fair value and amortized cost or cost | 120 |  |  | 1 |  |  | 92 |  |  | 627 |  |  | 840 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (243 | ) |  | — |  |  | (243 | )
Non-current financial debt | — |  |  | — |  |  | — |  |  | (3,218 | ) |  | (3,218 | )
Current financial debt | — |  |  | — |  |  | — |  |  | (245 | ) |  | (245 | )
Derivative financial instruments | — |  |  | (16 | ) |  | — |  |  | — |  |  | (16 | )
Total financial liabilities at fair value and amortized cost | — |  |  | (16 | ) |  | (243 | ) |  | (3,463 | ) |  | (3,722 | )
(1) | Recorded in Other current assets.
| December 31, 2018
($ millions) | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Valued at amortized cost or cost |  |  | Total |
Non-current financial assets |  |  |  |  |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 67 |  |  | — |  |  | 67 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 164 |  |  | 164 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 91 |  |  | 91 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 47 |  |  | 47 |
Total non-current financial assets | — |  |  | — |  |  | 86 |  |  | 302 |  |  | 388 |
Current financial assets(1) |  |  |  |  |  |  |  |  |
Current portion of long-term financial investments measured at FVPL | — |  |  | — |  |  | 31 |  |  | — |  |  | 31 |
Current portion of long-term receivables from customers | — |  |  | — |  |  | — |  |  | 133 |  |  | 133 |
Current portion of minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 57 |  |  | 57 |
Other receivables, security deposits and current assets | — |  |  | — |  |  | — |  |  | 52 |  |  | 52 |
VAT receivables | — |  |  | — |  |  | — |  |  | 68 |  |  | 68 |
Derivative financial instruments | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total current financial assets | — |  |  | — |  |  | 31 |  |  | 310 |  |  | 341 |
Total financial assets at fair value and amortized cost or cost | — |  |  | — |  |  | 117 |  |  | 612 |  |  | 729 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (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.

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