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Financial and other non-current assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract] |
Disclosure of financial assets | Financial assets
($ millions) | 2020 |  | 2019
Long-term financial investments measured at FVOCI | 28 |  |  | 31 |
Long-term financial investments measured at FVPL | 12 |  |  | 28 |
Long-term receivables from customers | 117 |  |  | 136 |
Minimum lease payments from finance lease agreements | 39 |  |  | 78 |
Long-term loans, advances, and security deposits | 22 |  |  | 34 |
Total financial assets | 218 |  |  | 307 |
The below table provides detail related to financial instruments as of December 31, 2020 and 2019.
($ millions) | Note |  | 2020 |  | 2019 |
Cash and cash equivalents |  |  |  |  |  |
Cash in current accounts |  |  | 262 |  |  | 392 |  |
Cash held in time deposits and money market funds |  |  | 1,295 |  |  | 430 |  |
Total Cash and cash equivalents |  |  | 1,557 |  |  | 822 |  |
Financial assets - measured at fair value through other comprehensive income ("FVOCI") |  |  |  |  |  |
Long-term financial investments | 12 |  | 28 |  |  | 31 |  |
Total financial assets - measured at FVOCI |  |  | 28 |  |  | 31 |  |
Financial assets - measured at amortized costs(1) |  |  |  |  |  |
Trade receivables | 14 |  | 1,361 |  |  | 1,390 |  |
Income tax receivables |  |  | 21 |  |  | 17 |  |
Other current assets (excluding prepaid expenses and other current assets measured at FVPL) | 15 |  | 296 |  |  | 379 |  |
Long-term receivables from customers | 12 |  | 117 |  |  | 136 |  |
Non-current minimum lease payments from finance lease agreements | 12 |  | 39 |  |  | 78 |  |
Long-term loans, advances, and security deposits | 12 |  | 22 |  |  | 34 |  |
Total financial assets - measured at amortized costs |  |  | 1,856 |  |  | 2,034 |  |
Financial assets - measured at fair value through profit and loss ("FVPL") |  |  |  |  |  |
Deferred compensation assets | 12 |  | 137 |  |  | 122 |  |
Current portion of long-term financial investments | 15 |  | 12 |  |  | 33 |  |
Derivative financial instruments | 15 |  | 3 |  |  | 1 |  |
Long-term financial investments | 12 |  | 12 |  |  | 28 |  |
Total financial assets - measured at FVPL |  |  | 164 |  |  | 184 |  |
Total financial assets |  |  | 3,605 |  |  | 3,071 |  |
Financial liabilities - measured at amortized cost or cost(1) |  |  |  |  |  |
Current financial liabilities |  |  |  |  |  |
Financial debts | 17 |  | 162 |  |  | 245 |  |
Lease liabilities | 16 |  | 70 |  |  | 61 |  |
Trade payables |  |  | 876 |  |  | 833 |  |
Total current financial liabilities - measured at amortized cost or cost |  |  | 1,108 |  |  | 1,139 |  |
Non-current financial liabilities |  |  |  |  |  |
Financial debts | 17 |  | 3,949 |  |  | 3,218 |  |
Lease liabilities | 16 |  | 315 |  |  | 280 |  |
Total non-current financial liabilities - measured at amortized cost or cost |  |  | 4,264 |  |  | 3,498 |  |
Total financial liabilities - measured at amortized cost or cost |  |  | 5,372 |  |  | 4,637 |  |
Financial liabilities - measured at FVPL |  |  |  |  |  |
Contingent consideration liabilities | 19/20 |  | 157 |  |  | 243 |  |
Derivative financial instruments | 17 |  | 7 |  |  | 16 |  |
Total financial liabilities - measured at FVPL |  |  | 164 |  |  | 259 |  |
Total financial liabilities |  |  | 5,536 |  |  | 4,896 |  |
Net financial assets and financial liabilities |  |  | (1,931) |  |  | (1,825) |  |
(1)The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2029, 2030 and 2049 notes recorded in Non-current financial debts with a fair value of $3,036 million and carrying value of $2,726 million as of December 31, 2020 and a fair value of $2,049 million and carrying value of $1,979 million as of December 31, 2019. The fair value of notes was determined using level 2 inputs. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Disclosure of maturity analysis of finance lease payments receivable | The following table shows the receivables of the gross investments in finance leases and the net present value of the minimum lease payments, as well as unearned finance income, related to surgical equipment lease arrangements. The finance income is recorded in "Other income".
| 2020 |  | 2019
($ 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) | 33 |  |  | (3) |  |  | 30 |  |  | (1) |  |  | 29 |  |  | 51 |  |  | (4) |  |  | 47 |  |  | (1) |  |  | 46 |
Between one and five years | 55 |  |  | (3) |  |  | 52 |  |  | (18) |  |  | 34 |  |  | 94 |  |  | (5) |  |  | 89 |  |  | (23) |  |  | 66 |
Later than five years | 32 |  |  | — |  |  | 32 |  |  | (27) |  |  | 5 |  |  | 46 |  |  | (1) |  |  | 45 |  |  | (33) |  |  | 12 |
Total | 120 |  |  | (6) |  |  | 114 |  |  | (46) |  |  | 68 |  |  | 191 |  |  | (10) |  |  | 181 |  |  | (57) |  |  | 124 |
(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) | 2020 | 2019
Deferred compensation plans | 137 |  | 122 |
Prepaid post-employment benefit plans | 24 |  | 13 |
Other non-current assets | 50 |  | 50 |
Total other non-current assets | 211 |  | 185 |

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