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Current financial debt and derivative financial instruments | 12 Months Ended
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Dec. 31, 2020
Disclosure of current financial debt and derivative instruments [abstract] |
Current financial debt and derivative financial instruments | 21. Current financial debt and derivative financial instruments
(USD millions) |  | 2020 |  | 2019 |
Interest-bearing accounts of associates payable on demand 1 |  | 2 085 |  | 1 836 |
Bank and other financial debt 2 |  | 976 |  | 719 |
Commercial paper |  | 4 258 |  | 2 289 |
Current portion of non-current financial debt |  | 2 272 |  | 2 002 |
Derivative financial instruments |  | 194 |  | 185 |
Total current financial debt and derivative financial instruments |  | 9 785 |  | 7 031 |
1 Weighted average interest rate 0.4% (2019: 0.5%)
2 Weighted average interest rate 5.0% (2019: 12.9%)
The consolidated balance sheet amounts of current financial debt, other than the current portion of non-current financial debt, approximate the estimated fair value due to the short-term nature of these instruments. Details on commercial papers and short term borrowings are provided under “Liquidity risk” in Note 29.

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