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Financial instruments (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023 and December 31, 2022.
June 30, 2023
($ millions)Level 1Level 2Level 3
Valued at amortized cost or cost(3)
Total
Non-current financial assets
Long-term financial investments measured at FVOCI— — 143 — 143 
Long-term financial investments measured at FVPL— — 22 — 22 
Long-term note receivable and other financial assets measured at amortized cost— — — 154 154 
Long-term receivables from customers— — — 122 122 
Deferred compensation assets(1)
153 — — — 153 
Non-current minimum lease payments from finance lease agreements— — — 37 37 
Long-term loans, VAT receivables, advances and security deposits— — — 35 35 
Non-current financial assets153 — 165 348 666 
Current financial assets
Money market funds173 — — — 173 
Current portion of long-term financial investments measured at FVPL(2)
— — 1 — 1 
Current portion of long-term receivables from customers(2)
— — — 112 112 
Current portion of minimum lease payments from finance lease agreements(2)
— — — 26 26 
VAT receivables(2)
— — — 82 82 
Other receivables, security deposits and current assets(2)
— — — 87 87 
Derivative financial instruments(2)
— 14 — — 14 
Current financial assets173 14 1 307 495 
Financial assets at fair value and amortized cost or cost326 14 166 655 1,161 
Financial liabilities
Contingent consideration liabilities— — (102)— (102)
Non-current financial debt— — — (4,581)(4,581)
Current financial debt— — — (99)(99)
Derivative financial instruments
— (1)— — (1)
Financial liabilities at fair value and amortized cost— (1)(102)(4,680)(4,783)
(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, 2032, 2049 and 2052 Notes recorded in Non-current financial debt with a fair value of $4,208 million and a carrying value of $4,554 million as of June 30, 2023. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
December 31, 2022
($ millions)Level 1Level 2Level 3
Valued at amortized cost or cost(3)
Total
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.
(3)    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 debt with a fair value of $4,145 million and a carrying value of $4,541 million as of December 31, 2022. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
Financial assets
Long-term financial investments measured
at FVOCI		Financial investments
measured at FVPL
($ millions)2023202220232022
Balance as of January 188 46 20 6 
Additions53 19 8 — 
Gains recognized in Consolidated Statement of Comprehensive Income2 1 — — 
Unrealized (losses) in Consolidated Income Statement— — (4)(1)
Amortization— — (1)— 
Settlement— (1)— — 
Balance as of June 30143 65 23 5 
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, 2023 and December 31, 2022.
June 30, 2023
($ millions)Level 1Level 2Level 3
Valued at amortized cost or cost(3)
Total
Non-current financial assets
Long-term financial investments measured at FVOCI— — 143 — 143 
Long-term financial investments measured at FVPL— — 22 — 22 
Long-term note receivable and other financial assets measured at amortized cost— — — 154 154 
Long-term receivables from customers— — — 122 122 
Deferred compensation assets(1)
153 — — — 153 
Non-current minimum lease payments from finance lease agreements— — — 37 37 
Long-term loans, VAT receivables, advances and security deposits— — — 35 35 
Non-current financial assets153 — 165 348 666 
Current financial assets
Money market funds173 — — — 173 
Current portion of long-term financial investments measured at FVPL(2)
— — 1 — 1 
Current portion of long-term receivables from customers(2)
— — — 112 112 
Current portion of minimum lease payments from finance lease agreements(2)
— — — 26 26 
VAT receivables(2)
— — — 82 82 
Other receivables, security deposits and current assets(2)
— — — 87 87 
Derivative financial instruments(2)
— 14 — — 14 
Current financial assets173 14 1 307 495 
Financial assets at fair value and amortized cost or cost326 14 166 655 1,161 
Financial liabilities
Contingent consideration liabilities— — (102)— (102)
Non-current financial debt— — — (4,581)(4,581)
Current financial debt— — — (99)(99)
Derivative financial instruments
— (1)— — (1)
Financial liabilities at fair value and amortized cost— (1)(102)(4,680)(4,783)
(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, 2032, 2049 and 2052 Notes recorded in Non-current financial debt with a fair value of $4,208 million and a carrying value of $4,554 million as of June 30, 2023. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
December 31, 2022
($ millions)Level 1Level 2Level 3
Valued at amortized cost or cost(3)
Total
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.
(3)    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 debt with a fair value of $4,145 million and a carrying value of $4,541 million as of December 31, 2022. The fair value of notes was determined using Level 2 inputs. The notes were valued using the quoted market price for such notes, which have low trading volumes.
Financial liabilities
Contingent consideration liabilities
($ millions)20232022
Balance as of January 1(98)(112)
Accretion for passage of time(4)(4)
Adjustments for changes in assumptions— 7 
Balance as of June 30(102)(109)