Right-of-use assets and Lease liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Right-of-use assets as of December 31, 2022 and 2021 were comprised of the following:


($ millions)	2022	2021
Land	15	17
Buildings	347	326
Machinery & equipment and other assets	29	29
Total right-of-use assets	391	372

Depreciation charges of $76 million and $81 million for the years ended December 31, 2022 and 2021, respectively, are shown in the table below by underlying class of asset:


($ millions)	2022	2021
Land	1	1
Buildings	58	60
Machinery & equipment and other assets	17	20
Total depreciation of right-of-use assets	76	81

Contractual maturities of undiscounted lease liabilities

The contractual maturities of the undiscounted lease liabilities as of December 31, 2022 and 2021, are as follows:


	Lease liabilities undiscounted
($ millions)	2022	2021
Not later than one year	85	80
Between one and five years	226	197
Later than five years	233	237
Total lease liabilities undiscounted	544	514


	Lease liabilities
($ millions)	2022	2021
Not later than one year	71	67
Between one and five years	180	157
Later than five years	179	182
Total lease liabilities	430	406

The following table provides details on the maturity of the contractual undiscounted cash flows for Alcon's borrowings as of December 31, 2022 and 2021:


	2022			2021
($ millions)	Nominal amount - Current and non-current financial debt	Derivatives	Total	Nominal amount - Current and non-current financial debt	Derivatives	Total
Not later than one year	97	10	107	107	7	114
Between one and five years	500	—	500	1,743	—	1,743
Later than five years	4,083	—	4,083	2,250	—	2,250
Total contractual undiscounted cash flows	4,680	10	4,690	4,100	7	4,107
Unamortized debt discount and issuance costs	(42)	—	(42)	(27)	—	(27)
Total carrying value	4,638	10	4,648	4,073	7	4,080

The following table provides details on the maturity of the future contractual interest payments commitments as of December 31, 2022 and 2021:


($ millions)	2022	2021
Not later than one year	169	94
Between one and five years	651	340
Later than five years	1,563	583
Total cash flows	2,383	1,017

Schedule of additional disclosures related to leases

The following table provides additional disclosures related to Right-of-use assets and Lease liabilities:


($ millions)	2022	2021
Interest expense on lease liabilities	15	13
Expense on short-term, low value and variable leases	3	7
Total cash outflows for leases	87	92
Thereof:
Lease liability payments(1)	69	72
Interest payments(2)	15	13
Short-term, low value and variable lease payments(2)	3	7

(1) Reported as cash outflows from financing activities net of lease incentives received

(2) Included within total net cash flows from operating activities