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Financial instruments - additional disclosures (Tables) | 12 Months Ended
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Dec. 31, 2020
Financial Instruments [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 $1,979 million as of December 31, 2019. The fair value of notes was determined using level 2 inputs. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Disclosure of financial liabilities | The below table provides detail related to financial instruments as of December 31, 2020 and 2019.
($ 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 $1,979 million as of December 31, 2019. The fair value of notes was determined using level 2 inputs. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Disclosure of fair value measurement of assets | The following tables summarize financial assets and liabilities measured at fair value on a recurring basis or at amortized cost or cost as of December 31, 2020 and 2019.
| December 31, 2020
($ 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 | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 117 |  |  | 117 |
Deferred compensation assets(1) | 137 |  |  | — |  |  | — |  |  | — |  |  | 137 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 39 |  |  | 39 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 22 |  |  | 22 |
Total non-current financial assets | 137 |  |  | — |  |  | 40 |  |  | 178 |  |  | 355 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 625 |  |  | — |  |  | — |  |  | — |  |  | 625 |
Current portion of long-term financial investments measured at FVPL(2) | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Current portion of long-term receivables from customers(2) | — |  |  | — |  |  | — |  |  | 107 |  |  | 107 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  |  | — |  |  | — |  |  | 29 |  |  | 29 |
Other receivables, security deposits and current assets(2) | — |  |  | — |  |  | — |  |  | 88 |  |  | 88 |
VAT receivables(2) | — |  |  | — |  |  | — |  |  | 72 |  |  | 72 |
Derivative financial instruments(2) | — |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
Total current financial assets | 625 |  |  | 3 |  |  | 12 |  |  | 296 |  |  | 936 |
Total financial assets at fair value and amortized cost or cost | 762 |  |  | 3 |  |  | 52 |  |  | 474 |  |  | 1,291 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (157) |  |  | — |  |  | (157) |
Non-current financial debt | — |  |  | — |  |  | — |  |  | (3,949) |  |  | (3,949) |
Current financial debt | — |  |  | — |  |  | — |  |  | (162) |  |  | (162) |
Derivative financial instruments | — |  |  | (7) |  |  | — |  |  | — |  |  | (7) |
Total financial liabilities at fair value and amortized cost | — |  |  | (7) |  |  | (157) |  |  | (4,111) |  |  | (4,275) |
(1)Recorded in Other non-current assets. (2)Recorded in Other current assets.
| 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 |
Deferred compensation assets(1) | 122 |  |  | — |  |  | — |  |  | — |  |  | 122 |
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 | 122 |  |  | — |  |  | 59 |  |  | 248 |  |  | 429 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Current portion of long-term financial investments measured at FVPL(2) | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Current portion of long-term receivables from customers(2) | — |  |  | — |  |  | — |  |  | 122 |  |  | 122 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  |  | — |  |  | — |  |  | 46 |  |  | 46 |
Other receivables, security deposits and current assets(2) | — |  |  | — |  |  | — |  |  | 147 |  |  | 147 |
VAT receivables(2) | — |  |  | — |  |  | — |  |  | 64 |  |  | 64 |
Derivative financial instruments(2) | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total current financial assets | 120 |  |  | 1 |  |  | 33 |  |  | 379 |  |  | 533 |
Total financial assets at fair value and amortized cost or cost | 242 |  |  | 1 |  |  | 92 |  |  | 627 |  |  | 962 |
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 non-current assets. (2)Recorded in Other current assets
| Long-term financial investments measured at FVOCI |  | Financial investments measured at FVPL
($ millions) | 2020 | 2019 |  | 2020 | 2019
Balance as of January 1 | 31 |  | 19 |  |  | 61 |  | 98 |
Additions | 7 |  | 17 |  |  | 2 |  | 34 |
Sales | — |  | — |  |  | — |  | (7) |
(Losses) recognized in consolidated statement of comprehensive loss | (10) |  | (7) |  |  | — |  | — |
Unrealized gains/(losses) in consolidated income statement | — |  | — |  |  | (5) |  | (3) |
Amortization | — |  | — |  |  | (34) |  | (61) |
Reclassification | — |  | 2 |  |  | — |  | — |
Balance as of December 31 | 28 |  | 31 |  |  | 24 |  | 61 |
Disclosure of fair value measurement of liabilities | 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, 2020 and 2019.
| December 31, 2020
($ 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 | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Long-term financial investments measured at FVPL | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Long-term receivables from customers | — |  |  | — |  |  | — |  |  | 117 |  |  | 117 |
Deferred compensation assets(1) | 137 |  |  | — |  |  | — |  |  | — |  |  | 137 |
Non-current minimum lease payments from finance lease agreements | — |  |  | — |  |  | — |  |  | 39 |  |  | 39 |
Long-term loans, advances, and security deposits | — |  |  | — |  |  | — |  |  | 22 |  |  | 22 |
Total non-current financial assets | 137 |  |  | — |  |  | 40 |  |  | 178 |  |  | 355 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 625 |  |  | — |  |  | — |  |  | — |  |  | 625 |
Current portion of long-term financial investments measured at FVPL(2) | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Current portion of long-term receivables from customers(2) | — |  |  | — |  |  | — |  |  | 107 |  |  | 107 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  |  | — |  |  | — |  |  | 29 |  |  | 29 |
Other receivables, security deposits and current assets(2) | — |  |  | — |  |  | — |  |  | 88 |  |  | 88 |
VAT receivables(2) | — |  |  | — |  |  | — |  |  | 72 |  |  | 72 |
Derivative financial instruments(2) | — |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
Total current financial assets | 625 |  |  | 3 |  |  | 12 |  |  | 296 |  |  | 936 |
Total financial assets at fair value and amortized cost or cost | 762 |  |  | 3 |  |  | 52 |  |  | 474 |  |  | 1,291 |
Financial liabilities |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | — |  |  | — |  |  | (157) |  |  | — |  |  | (157) |
Non-current financial debt | — |  |  | — |  |  | — |  |  | (3,949) |  |  | (3,949) |
Current financial debt | — |  |  | — |  |  | — |  |  | (162) |  |  | (162) |
Derivative financial instruments | — |  |  | (7) |  |  | — |  |  | — |  |  | (7) |
Total financial liabilities at fair value and amortized cost | — |  |  | (7) |  |  | (157) |  |  | (4,111) |  |  | (4,275) |
(1)Recorded in Other non-current assets. (2)Recorded in Other current assets.
| 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 |
Deferred compensation assets(1) | 122 |  |  | — |  |  | — |  |  | — |  |  | 122 |
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 | 122 |  |  | — |  |  | 59 |  |  | 248 |  |  | 429 |
Current financial assets |  |  |  |  |  |  |  |  |
Money market funds | 120 |  |  | — |  |  | — |  |  | — |  |  | 120 |
Current portion of long-term financial investments measured at FVPL(2) | — |  |  | — |  |  | 33 |  |  | — |  |  | 33 |
Current portion of long-term receivables from customers(2) | — |  |  | — |  |  | — |  |  | 122 |  |  | 122 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  |  | — |  |  | — |  |  | 46 |  |  | 46 |
Other receivables, security deposits and current assets(2) | — |  |  | — |  |  | — |  |  | 147 |  |  | 147 |
VAT receivables(2) | — |  |  | — |  |  | — |  |  | 64 |  |  | 64 |
Derivative financial instruments(2) | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total current financial assets | 120 |  |  | 1 |  |  | 33 |  |  | 379 |  |  | 533 |
Total financial assets at fair value and amortized cost or cost | 242 |  |  | 1 |  |  | 92 |  |  | 627 |  |  | 962 |
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 non-current assets. (2)Recorded in Other current assets
| Contingent consideration liabilities
($ millions) | 2020 |  | 2019
Balance as of January 1 | (243) |  |  | (162) |
Additions | — |  |  | (135) |
Accretion for passage of time | (17) |  |  | (21) |
Adjustments for changes in assumptions | 63 |  |  | 75 |
Payments | 40 |  |  | — |
Balance as of December 31 | (157) |  |  | (243) |

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