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Non-current and current financial debts (Tables)
12 Months Ended
Dec. 31, 2023
Financial Instruments [Abstract]  
Schedule of financial debts
The below table summarizes non-current and current Financial debts outstanding as of December 31, 2023 and 2022.
($ millions)20232022
Non-current financial debts
Local facilities (Japan), floating rate debt due 202528 — 
2.750% Series 2026 Notes
498 497 
2.375% Series 2028 Notes
549 527 
3.000% Series 2029 Notes
994 994 
2.600% Series 2030 Notes
746 746 
5.375% Series 2032 Notes
693 692 
3.800% Series 2049 Notes
494 494 
5.750% Series 2052 Notes
592 591 
Revolving facility, floating rate due 2028— — 
Total non-current financial debts4,594 4,541 
Current financial debts
Local facilities, floating rate:
Japan82 69 
All others48 
Other short-term financial debts, floating rate26 
Derivatives10 10 
Total current financial debts145 107 
Total financial debts4,739 4,648 
Maturity of contractual undiscounted cash flows for borrowings The contractual maturities of the undiscounted lease liabilities as of December 31, 2023 and 2022 are as follows:
Lease liabilities undiscounted
($ millions)20232022
Not later than one year86 85 
Between one and five years222 226 
Later than five years205 233 
Total lease liabilities undiscounted513 544 
Lease liabilities
($ millions)20232022
Not later than one year7171
Between one and five years178 180 
Later than five years157 179 
Total lease liabilities406 430 
The following table provides details on the maturity of the contractual undiscounted cash flows for Alcon's borrowings as of December 31, 2023 and 2022:
20232022
($ millions)Nominal amount - Current and non-current financial debtDerivativesTotalNominal amount - Current and non-current financial debtDerivativesTotal
Not later than one year135 10 145 97 10 107 
Between one and five years1,081 — 1,081 500 — 500 
Later than five years3,550 — 3,550 4,083 — 4,083 
Total contractual undiscounted cash flows4,766 10 4,776 4,680 10 4,690 
Unamortized debt discount and issuance costs(37)— (37)(42)— (42)
Total carrying value4,729 104,7394,638104,648 
The following table provides details on the maturity of the future contractual interest payments commitments as of December 31, 2023 and 2022:
($ millions)20232022
Not later than one year167 169 
Between one and five years643 651 
Later than five years1,437 1,563 
Total cash flows2,247 2,383