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Right-of-use assets and Lease liabilities (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Schedule of right-of-use assets | Right-of-use assets as of December 31, 2019 and January 1, 2019 were comprised of the following:
($ millions) | December 31, 2019 |  |  | January 1, 2019 |
Land | 20 |  |  | 20 |
Buildings | 277 |  |  | 226 |
Machinery & equipment and other assets | 27 |  |  | 33 |
Total right-of-use assets(1) | 324 |  |  | 279 |
(1) | Right-of-use assets, related to operating leases at the date of implementation of IFRS 16, were higher than the lease liabilities at the date of implementation of IFRS 16 by $3 million, due to the net impact of prepayments and accrued lease payments recognized at December 31, 2018. This impact was offset by the lease liability related to the finance lease exceeding the corresponding capital asset by $10 million.
Depreciation charges of $66 million for the year ended December 31, 2019 are shown in the table below by underlying class of asset:
($ millions) | 2019 |
Land | 1 |
Buildings | 47 |
Machinery & equipment and other assets | 18 |
Total | 66 |
Reconciliation of lease commitments and lease liability recorded | The reconciliation of lease commitments disclosed as of December 31, 2018 and lease liabilities recorded on January 1, 2019 is as follows:
($ millions) |
Operating lease commitments as of December 31, 2018 | 222 |
Effect of discounting | (21 | )
Operating leases discounted using the incremental borrowing rate(1) | 201 |
Finance lease liabilities recognized as at December 31, 2018 | 89 |
Recognition exemption for short term and low-value leases | (4 | )
Lease liabilities as of January 1, 2019 | 286 |
(1) Weighted average incremental borrowing rate of 2.9% was applied at January 1, 2019, the date of implementation of IFRS 16, Leases.
Disclosure of maturity analysis for non-derivative financial liabilities [text block] | The contractual maturities of the undiscounted lease liabilities as of December 31, 2019, are as follows:
($ millions) | Lease liabilities undiscounted |
Not later than one year | 73 |
Between one and five years | 176 |
Later than five years | 200 |
Total lease liabilities undiscounted | 449 |
($ millions) | Lease liabilities |
Not later than one year | 61 |
Between one and five years | 140 |
Later than five years | 140 |
Total lease liabilities | 341 |
The following table provides details on the maturity of the contractual undiscounted cash flows for Alcon's borrowings as of December 31, 2019:
($ millions) | Nominal amount - Current and non-current financial debt |  |  | Derivatives |  |  | Total |
Not later than one year | 245 |  |  | 16 |  |  | 261 |
Between one and five years | 1,247 |  |  | — |  |  | 1,247 |
Later than five years | 2,000 |  |  | — |  |  | 2,000 |
Total cash flows | 3,492 |  |  | 16 |  |  | 3,508 |
Unamortized debt discount and issuance costs | (29 | ) |  | — |  |  | (29 | )
Total carrying value | 3,463 |  |  | 16 |  |  | 3,479 |
The following table provides details on the maturity of the future contractual interest payments commitments:
($ millions) | Interest |
Not later than one year | 94 |
Between one and five years | 336 |
Later than five years | 653 |
Total cash flows | 1,083 |
Schedule of additional disclosures related to leases | The following table provides additional disclosures related to right-of-use assets and lease liabilities:
($ millions) | 2019 |
Interest expense on lease liabilities | 11 |
Expense on short-term and low value leases | 3 |
Total cash outflows for leases | 59 |
Thereof: |
Lease liability payments(1) | 52 |
Interest payments(2) | 5 |
Short-term and low value lease payments(2) | 2 |
(1) | Reported as cash outflows from financing activities net of lease incentives received
(2) Included within total net cash flows from operating activities
Disclosure of finance lease and operating lease by lessee | Operational lease commitments as of December 31, 2018, were as follows:
($ millions) | 2018 |
Not later than one year | 50
Between one and five years | 135
Later than five years | 37
Total operational lease commitments | 222 |
Future minimum lease payments under finance leases, together with the present value of the minimum lease payments as of December 31, 2018, were as follows:
($ millions) | 2018 |
Not later than one year | — |
Between one and five years | 27 |
Later than five years | 153 |
Total minimum lease liabilities | 180 |
Less future finance charges | (91 | )
Present value of minimum lease payments | 89 |

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- Definition Disclosure Of Finance Lease And Operating Lease By Lessee [Table Text Block] + References No definition available. + Details
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- Definition The disclosure of additional information about leasing activities of a lessee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph 59 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_59&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The explanation of the difference between: (a) operating lease commitments disclosed applying IAS 17 at the end of the annual reporting period immediately preceding the date of initial application of IFRS 16, discounted using the incremental borrowing rate at the date of initial application; and (b) lease liabilities recognised in the statement of financial position at the date of initial application of IFRS 16. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph C12 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_C12_b&doctype=Appendix&subtype=C -URIDate 2019-03-27 + Details
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