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Financial and other non-current assets (Tables)

12 Months Ended

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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Disclosure Of Detailed Information On Non-current Assets [Table Text Block]

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The disclosure of financial assets. [Refer: Financial assets]

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The disclosure of a maturity analysis of finance lease payments receivable. Finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an underlying asset.

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