Financial and other non-current assets (Tables)

12 Months Ended

Dec. 31, 2019

Subclassifications of assets, liabilities and equities [abstract]

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.

Disclosure of maturity analysis of finance lease payments receivable

The following table shows the receivables of the gross investments in finance leases and the net present value of the minimum lease payments, as well as unearned finance income, related to surgical equipment lease arrangements. The finance income is recorded in "Other income".



	2019							2018
($ millions)	Total future payments	Unearned interest income		Present value	Provision		Net book value	Total future payments	Unearned interest income		Present value	Provision		Net book value
Not later than one year⁽¹⁾	51	(4	)	47	(1	)	46	64	(5	)	59	(2	)	57
Between one and five years	94	(5	)	89	(23	)	66	117	(9	)	108	(28	)	80
Later than five years	46	(1	)	45	(33	)	12	48	(2	)	46	(35	)	11
Total	191	(10	)	181	(57	)	124	229	(16	)	213	(65	)	148

(1) The current portion of the minimum lease payments is recorded in trade receivables or other current assets (to the extent not yet invoiced).

Disclosure of details of non-current assets



($ millions)	2019	2018
Deferred compensation plans	122	95
Prepaid post-employment benefit plans	13	12
Other non-current assets	50	41
Total other non-current assets	185	148