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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Share capital
Other reserves
Fair value adjustments on equity securities
Actuarial gains/(losses) from defined benefit plans
Cumulative currency translation effects
Total value adjustments
 [1]
Beginning balance at Dec. 31, 2019 $ 19,303 $ 20 $ 19,355 $ (25) $ (72) $ 25 $ (72)
Net income/(loss) (531)   (531)        
Other comprehensive income/(loss) (2)     (7) (14) 19 (2)
Total comprehensive income/(loss) (533)   (531) (7) (14) 19 (2)
Equity-based compensation 70   70        
Other movements [2] (18)   5   (23)   (23)
Total other movements 52   75   (23)   (23)
Ending balance at Dec. 31, 2020 18,822 20 18,899 (32) (109) 44 (97)
Net income/(loss) 376   376        
Other comprehensive income/(loss) (32)     0 26 (58) (32)
Total comprehensive income/(loss) 344   376 0 26 (58) (32)
Dividends (53)   (53)        
Equity-based compensation 124   124        
Other movements [2] 19   10   9   9
Total other movements 90   81   9   9
Ending balance at Dec. 31, 2021 19,256 20 19,356 (32) (74) (14) (120)
Net income/(loss) 335   335        
Other comprehensive income/(loss) 104     (1) 141 (36) 104
Total comprehensive income/(loss) 439   335 (1) 141 (36) 104
Dividends (102)   (102)        
Equity-based compensation 68   68        
Other movements [2] 16   16       0
Total other movements (18)   (18)   0   0
Ending balance at Dec. 31, 2022 $ 19,677 $ 20 $ 19,673 $ (33) $ 67 $ (50) $ (16)
[1] "Total value adjustments" are presented net of the corresponding tax effects.
[2]     Activity includes hyperinflationary accounting (see Note 2 to the Consolidated Financial Statements). The prior year primarily includes an adjustment to actuarial gains to recognize plan assets related to the separation of a pension plan in the spin-off from Novartis but which were not previously recorded. The year ended December 31, 2020 includes an adjustment to actuarial (losses) for other post-employment benefit obligation assumption changes directly related to the spin-off on April 9, 2019 but which was not recorded at that time.