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Financial instruments - additional disclosures (Tables)
 12 Months Ended
Dec. 31, 2022
Financial Instruments [Abstract]  
Disclosure of financial assets
Financial assets
($ millions)20222021
Long-term financial investments measured at FVOCI88 46 
Long-term financial investments measured at FVPL20 6 
Long-term receivables from customers119 110 
Non-current minimum lease payments from finance lease agreements38 35 
Long-term loans, advances and security deposits22 20 
Total financial assets287 217 
The below table provides detail related to financial instruments as of December 31, 2022 and December 31, 2021.
($ millions)Note20222021
Cash and cash equivalents
Cash in current accounts281 246 
Cash held in time deposits and money market funds699 1,329 
Total cash and cash equivalents980 1,575 
Financial assets - measured at fair value through other comprehensive income ("FVOCI")
Long-term financial investments1188 46 
Total financial assets - measured at FVOCI88 46 
Financial assets - measured at amortized costs(1)
Trade receivables131,673 1,496 
Income tax receivables13 9 
Other current assets (excluding prepaid expenses and other current assets measured at FVPL)14303 309 
Long-term receivables from customers11119 110 
Non-current minimum lease payments from finance lease agreements1138 35 
Long-term loans, advances and security deposits1122 20 
Total financial assets - measured at amortized costs2,168 1,979 
Financial assets - measured at fair value through profit and loss ("FVPL")
Equity securities of public companies14— 3 
Deferred compensation assets11139 155 
Derivative financial instruments148 3 
Long-term financial investments1120 6 
Total financial assets - measured at FVPL167 167 
Total financial assets3,403 3,767 
Financial liabilities - measured at amortized cost or cost(1)
Current financial liabilities
Financial debts1697 107 
Lease liabilities1571 67 
Trade payables861 903 
Total current financial liabilities - measured at amortized cost or cost1,029 1,077 
Non-current financial liabilities
Financial debts164,541 3,966 
Lease liabilities15359 339 
Total non-current financial liabilities - measured at amortized cost or cost4,900 4,305 
Total financial liabilities - measured at amortized cost or cost5,929 5,382 
Financial liabilities - measured at FVPL
Contingent consideration liabilities1898 112 
Derivative financial instruments1610 7 
Total financial liabilities - measured at FVPL108 119 
Total financial liabilities6,037 5,501 
Net financial assets and financial liabilities(2,634)(1,734)
(1)The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2028, 2029, 2030, 2032, 2049 and 2052 Notes recorded in Non-current financial debts with a fair value of $4,145 million and carrying value of $4,541 million as of December 31, 2022. As of December 31, 2021, the Series 2026, 2029, 2030 and 2049 Notes recorded in Non-current financial debts had a fair value of $2,891 million and carrying value of $2,728 million. The fair value of notes was determined using Level 2 inputs. The notes were valued using a quoted market price for such notes, which have low trading volumes.
Disclosure of financial liabilities
The below table provides detail related to financial instruments as of December 31, 2022 and December 31, 2021.
($ millions)Note20222021
Cash and cash equivalents
Cash in current accounts281 246 
Cash held in time deposits and money market funds699 1,329 
Total cash and cash equivalents980 1,575 
Financial assets - measured at fair value through other comprehensive income ("FVOCI")
Long-term financial investments1188 46 
Total financial assets - measured at FVOCI88 46 
Financial assets - measured at amortized costs(1)
Trade receivables131,673 1,496 
Income tax receivables13 9 
Other current assets (excluding prepaid expenses and other current assets measured at FVPL)14303 309 
Long-term receivables from customers11119 110 
Non-current minimum lease payments from finance lease agreements1138 35 
Long-term loans, advances and security deposits1122 20 
Total financial assets - measured at amortized costs2,168 1,979 
Financial assets - measured at fair value through profit and loss ("FVPL")
Equity securities of public companies14— 3 
Deferred compensation assets11139 155 
Derivative financial instruments148 3 
Long-term financial investments1120 6 
Total financial assets - measured at FVPL167 167 
Total financial assets3,403 3,767 
Financial liabilities - measured at amortized cost or cost(1)
Current financial liabilities
Financial debts1697 107 
Lease liabilities1571 67 
Trade payables861 903 
Total current financial liabilities - measured at amortized cost or cost1,029 1,077 
Non-current financial liabilities
Financial debts164,541 3,966 
Lease liabilities15359 339 
Total non-current financial liabilities - measured at amortized cost or cost4,900 4,305 
Total financial liabilities - measured at amortized cost or cost5,929 5,382 
Financial liabilities - measured at FVPL
Contingent consideration liabilities1898 112 
Derivative financial instruments1610 7 
Total financial liabilities - measured at FVPL108 119 
Total financial liabilities6,037 5,501 
Net financial assets and financial liabilities(2,634)(1,734)
(1)The carrying amount is a reasonable approximation of fair value, with the exception of the Series 2026, 2028, 2029, 2030, 2032, 2049 and 2052 Notes recorded in Non-current financial debts with a fair value of $4,145 million and carrying value of $4,541 million as of December 31, 2022. As of December 31, 2021, the Series 2026, 2029, 2030 and 2049 Notes recorded in Non-current financial debts had a fair value of $2,891 million and carrying value of $2,728 million. 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, 2022 and December 31, 2021.
 
December 31, 2022
($ millions)Level 1Level 2Level 3Valued at amortized cost or costTotal
Non-current financial assets
Long-term financial investments measured at FVOCI— — 88 — 88 
Long-term financial investments measured at FVPL— — 20 — 20 
Long-term receivables from customers— — — 119 119 
Deferred compensation assets(1)
139 — — — 139 
Non-current minimum lease payments from finance lease agreements— — — 38 38 
Long-term loans, advances and security deposits— — — 22 22 
Non-current financial assets139 — 108 179 426 
Current financial assets
Money market funds229 — — — 229 
Current portion of long-term receivables from customers(2)
— — — 102 102 
Current portion of minimum lease payments from finance lease agreements(2)
— — — 25 25 
VAT receivables(2)
— — — 99 99 
Other receivables, security deposits and current assets(2)
— — — 77 77 
Derivative financial instruments(2)
— 8 — — 8 
Current financial assets229 8 — 303 540 
Financial assets at fair value and amortized cost or cost368 8 108 482 966 
Financial liabilities
Contingent consideration liabilities— — (98)— (98)
Non-current financial debt— — — (4,541)(4,541)
Current financial debt— — — (97)(97)
Derivative financial instruments— (10)— — (10)
Financial liabilities at fair value and amortized cost— (10)(98)(4,638)(4,746)

(1)Recorded in Other non-current assets.
(2)Recorded in Other current assets.
December 31, 2021
($ millions)Level 1Level 2Level 3Valued at amortized cost or costTotal
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 assets155 — 52 165 372 
Current financial assets
Money market funds624 — — — 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 
VAT receivables(2)
— — — 105 105 
Other receivables, security deposits and current assets(2)
— — — 79 79 
Derivative financial instruments(2)
— 3 — — 3 
Current financial assets627 3 — 309 939 
Financial assets at fair value and amortized cost or cost782 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
Long-term financial investments measured
at FVOCI
Financial investments
measured at FVPL
($ millions)2022202120222021
Balance as of January 146 28 6 24 
Additions45 18 — — 
(Loss) recognized in Consolidated Statement of Comprehensive Income/(Loss)(2)— — — 
Unrealized gain/(loss) in Consolidated Income Statement
— — 14 (3)
Amortization— — — (12)
Settlement(1)— — (3)
Balance as of December 3188 46 20 6 
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, 2022 and December 31, 2021.
 
December 31, 2022
($ millions)Level 1Level 2Level 3Valued at amortized cost or costTotal
Non-current financial assets
Long-term financial investments measured at FVOCI— — 88 — 88 
Long-term financial investments measured at FVPL— — 20 — 20 
Long-term receivables from customers— — — 119 119 
Deferred compensation assets(1)
139 — — — 139 
Non-current minimum lease payments from finance lease agreements— — — 38 38 
Long-term loans, advances and security deposits— — — 22 22 
Non-current financial assets139 — 108 179 426 
Current financial assets
Money market funds229 — — — 229 
Current portion of long-term receivables from customers(2)
— — — 102 102 
Current portion of minimum lease payments from finance lease agreements(2)
— — — 25 25 
VAT receivables(2)
— — — 99 99 
Other receivables, security deposits and current assets(2)
— — — 77 77 
Derivative financial instruments(2)
— 8 — — 8 
Current financial assets229 8 — 303 540 
Financial assets at fair value and amortized cost or cost368 8 108 482 966 
Financial liabilities
Contingent consideration liabilities— — (98)— (98)
Non-current financial debt— — — (4,541)(4,541)
Current financial debt— — — (97)(97)
Derivative financial instruments— (10)— — (10)
Financial liabilities at fair value and amortized cost— (10)(98)(4,638)(4,746)

(1)Recorded in Other non-current assets.
(2)Recorded in Other current assets.
December 31, 2021
($ millions)Level 1Level 2Level 3Valued at amortized cost or costTotal
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 assets155 — 52 165 372 
Current financial assets
Money market funds624 — — — 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 
VAT receivables(2)
— — — 105 105 
Other receivables, security deposits and current assets(2)
— — — 79 79 
Derivative financial instruments(2)
— 3 — — 3 
Current financial assets627 3 — 309 939 
Financial assets at fair value and amortized cost or cost782 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
Contingent consideration liabilities
($ millions)20222021
Balance as of January 1(112)(157)
Accretion for passage of time(9)(12)
Adjustments for changes in assumptions23 42 
Payments— 15 
Balance as of December 31(98)(112)