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Financial instruments (Tables) | 6 Months Ended
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Jun. 30, 2022
Financial Instruments [Abstract] |
Disclosure of fair value measurement of assets | The below tables summarize financial assets and liabilities measured at fair value on a recurring basis or at amortized cost or cost as of June 30, 2022 and December 31, 2021.
| June 30, 2022
($ millions) | Level 1 | Level 2 | Level 3 | Valued at amortized cost or cost(3) | Total
Non-current financial assets |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  | — |  | 65 |  | — |  | 65 |
Long-term financial investments measured at FVPL | — |  | — |  | 5 |  | — |  | 5 |
Long-term receivables from customers | — |  | — |  | — |  | 117 |  | 117 |
Deferred compensation assets(1) | 135 |  | — |  | — |  | — |  | 135 |
Non-current minimum lease payments from finance lease agreements | — |  | — |  | — |  | 38 |  | 38 |
Long-term loans, advances and security deposits | — |  | — |  | — |  | 21 |  | 21 |
Non-current financial assets | 135 |  | — |  | 70 |  | 176 |  | 381 |
Current financial assets |  |  |  |  |
Money market funds | 241 |  | — |  | — |  | — |  | 241 |
Current portion of long-term receivables from customers(2) | — |  | — |  | — |  | 102 |  | 102 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  | — |  | — |  | 26 |  | 26 |
Other receivables, security deposits and current assets(2) | — |  | — |  | — |  | 70 |  | 70 |
VAT receivables(2) | — |  | — |  | — |  | 75 |  | 75 |
Derivative financial instruments(2) | — |  | 7 |  | — |  | — |  | 7 |
Current financial assets | 241 |  | 7 |  | — |  | 273 |  | 521 |
Financial assets at fair value and amortized cost or cost | 376 |  | 7 |  | 70 |  | 449 |  | 902 |
Financial liabilities |  |  |  |  |
Contingent consideration liabilities | — |  | — |  | (109) |  | — |  | (109) |
Non-current financial debt | — |  | — |  | — |  | (3,883) |  | (3,883) |
Current financial debt | — |  | — |  | — |  | (86) |  | (86) |
Derivative financial instruments | — |  | (1) |  | — |  | — |  | (1) |
Financial liabilities at fair value and amortized cost | — |  | (1) |  | (109) |  | (3,969) |  | (4,079) |
(1) Recorded in Other non-current assets. (2) Recorded in Other current assets. (3) The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2028, 2029, 2030 and 2049 notes recorded in Non-current financial debt with a fair value of $2,912 million and a carrying value of $3,246 million as of June 30, 2022. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
| December 31, 2021
($ millions) | Level 1 | Level 2 | Level 3 | Valued at amortized cost or cost(3) | Total
Non-current financial assets |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  | — |  | 46 |  | — |  | 46 |
Long-term financial investments measured at FVPL | — |  | — |  | 6 |  | — |  | 6 |
Long-term receivables from customers | — |  | — |  | — |  | 110 |  | 110 |
Deferred compensation assets(1) | 155 |  | — |  | — |  | — |  | 155 |
Non-current minimum lease payments from finance lease agreements | — |  | — |  | — |  | 35 |  | 35 |
Long-term loans, advances and security deposits | — |  | — |  | — |  | 20 |  | 20 |
Non-current financial assets | 155 |  | — |  | 52 |  | 165 |  | 372 |
Current financial assets |  |  |  |  |
Money market funds | 624 |  | — |  | — |  | — |  | 624 |
Equity securities of public companies(2) | 3 |  | — |  | — |  | — |  | 3 |
Current portion of long-term receivables from customers(2) | — |  | — |  | — |  | 97 |  | 97 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  | — |  | — |  | 28 |  | 28 |
Other receivables, security deposits and current assets(2) | — |  | — |  | — |  | 79 |  | 79 |
VAT receivables(2) | — |  | — |  | — |  | 105 |  | 105 |
Derivative financial instruments(2) | — |  | 3 |  | — |  | — |  | 3 |
Current financial assets | 627 |  | 3 |  | — |  | 309 |  | 939 |
Financial assets at fair value and amortized cost or cost | 782 |  | 3 |  | 52 |  | 474 |  | 1,311 |
Financial liabilities |  |  |  |  |
Contingent consideration liabilities | — |  | — |  | (112) |  | — |  | (112) |
Non-current financial debt | — |  | — |  | — |  | (3,966) |  | (3,966) |
Current financial debt | — |  | — |  | — |  | (107) |  | (107) |
Derivative financial instruments | — |  | (7) |  | — |  | — |  | (7) |
Financial liabilities at fair value and amortized cost | — |  | (7) |  | (112) |  | (4,073) |  | (4,192) |
(1) Recorded in Other non-current assets. (2) Recorded in Other current assets. (3) 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 debt with a fair value of $2,891 million and a carrying value of $2,728 million as of December 31, 2021. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes. Financial assets
|  | Long-term financial investments measured at FVOCI |  | Financial investments measured at FVPL
($ millions) |  | 2022 | 2021 |  | 2022 | 2021
Balance as of January 1 |  | 46 |  | 28 |  |  | 6 |  | 24 |
Additions |  | 19 |  | 9 |  |  | — |  | — |
Gain recognized in Consolidated Statement of Comprehensive Income |  | 1 |  | — |  |  | — |  | — |
Unrealized (losses) in Consolidated Income Statement |  | — |  | — |  |  | (1) |  | (1) |
Amortization |  | — |  | — |  |  | — |  | (8) |
Settlement |  | (1) |  | — |  |  | — |  | — |
Balance as of June 30 |  | 65 |  | 37 |  |  | 5 |  | 15 |
Disclosure of fair value measurement of liabilities | The below tables summarize financial assets and liabilities measured at fair value on a recurring basis or at amortized cost or cost as of June 30, 2022 and December 31, 2021.
| June 30, 2022
($ millions) | Level 1 | Level 2 | Level 3 | Valued at amortized cost or cost(3) | Total
Non-current financial assets |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  | — |  | 65 |  | — |  | 65 |
Long-term financial investments measured at FVPL | — |  | — |  | 5 |  | — |  | 5 |
Long-term receivables from customers | — |  | — |  | — |  | 117 |  | 117 |
Deferred compensation assets(1) | 135 |  | — |  | — |  | — |  | 135 |
Non-current minimum lease payments from finance lease agreements | — |  | — |  | — |  | 38 |  | 38 |
Long-term loans, advances and security deposits | — |  | — |  | — |  | 21 |  | 21 |
Non-current financial assets | 135 |  | — |  | 70 |  | 176 |  | 381 |
Current financial assets |  |  |  |  |
Money market funds | 241 |  | — |  | — |  | — |  | 241 |
Current portion of long-term receivables from customers(2) | — |  | — |  | — |  | 102 |  | 102 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  | — |  | — |  | 26 |  | 26 |
Other receivables, security deposits and current assets(2) | — |  | — |  | — |  | 70 |  | 70 |
VAT receivables(2) | — |  | — |  | — |  | 75 |  | 75 |
Derivative financial instruments(2) | — |  | 7 |  | — |  | — |  | 7 |
Current financial assets | 241 |  | 7 |  | — |  | 273 |  | 521 |
Financial assets at fair value and amortized cost or cost | 376 |  | 7 |  | 70 |  | 449 |  | 902 |
Financial liabilities |  |  |  |  |
Contingent consideration liabilities | — |  | — |  | (109) |  | — |  | (109) |
Non-current financial debt | — |  | — |  | — |  | (3,883) |  | (3,883) |
Current financial debt | — |  | — |  | — |  | (86) |  | (86) |
Derivative financial instruments | — |  | (1) |  | — |  | — |  | (1) |
Financial liabilities at fair value and amortized cost | — |  | (1) |  | (109) |  | (3,969) |  | (4,079) |
(1) Recorded in Other non-current assets. (2) Recorded in Other current assets. (3) The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2028, 2029, 2030 and 2049 notes recorded in Non-current financial debt with a fair value of $2,912 million and a carrying value of $3,246 million as of June 30, 2022. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
| December 31, 2021
($ millions) | Level 1 | Level 2 | Level 3 | Valued at amortized cost or cost(3) | Total
Non-current financial assets |  |  |  |  |
Long-term financial investments measured at FVOCI | — |  | — |  | 46 |  | — |  | 46 |
Long-term financial investments measured at FVPL | — |  | — |  | 6 |  | — |  | 6 |
Long-term receivables from customers | — |  | — |  | — |  | 110 |  | 110 |
Deferred compensation assets(1) | 155 |  | — |  | — |  | — |  | 155 |
Non-current minimum lease payments from finance lease agreements | — |  | — |  | — |  | 35 |  | 35 |
Long-term loans, advances and security deposits | — |  | — |  | — |  | 20 |  | 20 |
Non-current financial assets | 155 |  | — |  | 52 |  | 165 |  | 372 |
Current financial assets |  |  |  |  |
Money market funds | 624 |  | — |  | — |  | — |  | 624 |
Equity securities of public companies(2) | 3 |  | — |  | — |  | — |  | 3 |
Current portion of long-term receivables from customers(2) | — |  | — |  | — |  | 97 |  | 97 |
Current portion of minimum lease payments from finance lease agreements(2) | — |  | — |  | — |  | 28 |  | 28 |
Other receivables, security deposits and current assets(2) | — |  | — |  | — |  | 79 |  | 79 |
VAT receivables(2) | — |  | — |  | — |  | 105 |  | 105 |
Derivative financial instruments(2) | — |  | 3 |  | — |  | — |  | 3 |
Current financial assets | 627 |  | 3 |  | — |  | 309 |  | 939 |
Financial assets at fair value and amortized cost or cost | 782 |  | 3 |  | 52 |  | 474 |  | 1,311 |
Financial liabilities |  |  |  |  |
Contingent consideration liabilities | — |  | — |  | (112) |  | — |  | (112) |
Non-current financial debt | — |  | — |  | — |  | (3,966) |  | (3,966) |
Current financial debt | — |  | — |  | — |  | (107) |  | (107) |
Derivative financial instruments | — |  | (7) |  | — |  | — |  | (7) |
Financial liabilities at fair value and amortized cost | — |  | (7) |  | (112) |  | (4,073) |  | (4,192) |
(1) Recorded in Other non-current assets. (2) Recorded in Other current assets. (3) 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 debt with a fair value of $2,891 million and a carrying value of $2,728 million as of December 31, 2021. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes. Financial liabilities
| Contingent consideration liabilities
($ millions) | 2022 | 2021
Balance as of January 1 | (112) |  | (157) |
Accretion for passage of time | (4) |  | (7) |
Adjustments for changes in assumptions | 7 |  | — |
Payments | — |  | 15 |
Balance as of June 30 | (109) |  | (149) |

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