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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Share capital [member]
Other reserves [member]
Former parent net investment [member]
Fair value adjustments on marketable securities [member]
Fair value adjustments on equity securities [member]
Actuarial losses/gain from defined benefit plans [member]
Cumulative currency translation effects [member]
Total value adjustments [member]
[2]
Beginning balance at Dec. 31, 2016 $ 23,012 [1] $ 0 $ 0 $ 23,166 [1] $ 4 $ 0 $ (61) $ (97) $ (154)
Net (loss)/income [1] 256     256          
Other comprehensive (loss) 241 [1]       21   36 184 241
Total comprehensive (loss)/income 497 [1]     256 [1] 21   36 184 241
Movements of financing provided to former parent, net [1] (424)     (424)          
Other transactions with former parent [1] (56)     (56)          
Total Other movements [1] (480)     (480)          
Ending balance (Previously stated [member]) at Dec. 31, 2017 23,029 [1] 0 0 22,942 [1] 25 0 (25) 87 87
Ending balance (Impact of change in accounting policies [member]) at Dec. 31, 2017 [3]       25 [1] (25)       (25)
Ending balance at Dec. 31, 2017 23,029 [1] 0 0 22,967 [1] 0 0 (25) 87 62
Net (loss)/income [1] (227)     (227)          
Other comprehensive (loss) (73) [1]         (23) 8 (58) (73)
Total comprehensive (loss)/income (300) [1]     (227) [1]   (23) 8 (58) (73)
Movements of financing provided to former parent, net [1] (119)     (119)          
Other transactions with former parent [1] 27     27          
Other movements [1],[4] 2     2          
Total Other movements [1] (90)     (90)          
Ending balance at Dec. 31, 2018 22,639 [1] 0 0 22,650 [1] 0 (23) (17) 29 (11)
Net (loss)/income (656) [1]   (547) (109) [1]          
Other comprehensive (loss) (61) [1]         (2) (55) (4) (61)
Total comprehensive (loss)/income (717) [1]   (547) (109) [1]   (2) (55) (4) (61)
Movements of financing provided to former parent, net [1] (2,658)     (2,658)          
Other transactions with former parent [1] (46)     (46)          
Reclassification of deferred equity-compensation [1] (7)     (7)          
Distribution by former parent of share capital 0 [1] 20 19,812 (19,832) [1]          
Equity-based compensation 87 [1]   87            
Other movements [4] 5 [1]   3 2 [1]          
Total Other movements (2,619) [1] 20 19,902 (22,541) [1]          
Ending balance at Dec. 31, 2019 $ 19,303 [1] $ 20 $ 19,355 $ 0 [1] $ 0 $ (25) $ (72) $ 25 $ (72)
[1] "Former parent net investment" and "Equity" were previously presented as "Retained earnings" and "Invested capital", respectively, and were renamed upon the execution of the Spin-off.
[2]
"Total value adjustments" recorded through Comprehensive Income are presented net of the corresponding tax effects.
[3] The impact of change in accounting policies includes $25 million relating to IFRS 9 implementation and nil relating to IFRS 15 implementation
[4]
Activity relates to hyperinflationary accounting (see Note 3 to the Consolidated Financial Statements).