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Right-of-use assets and lease liabilities (Tables)
 12 Months Ended
Dec. 31, 2020
Right of use assets Disclosure and Lease liabilities [abstract]  
Disclosure of Right-of-use assets roll forward
(USD millions)
2020
2019
Right-of-use assets at January 1
1 677
1 554
Impact of acquisitions of businesses
32
Additions
346
537
Depreciation charge
– 330
– 305
Lease contract terminations  1
– 63
– 98
Impact of divestments
– 32
– 17
Currency translation effects
46
6
Total right-of-use assets at December 31  2
1 676
1 677
 1  Lease contract terminations also includes modifications to existing leases that result in reductions to the right-of-use assets, and reductions due to sub-leasing.
 2  No impairment charge was recorded in 2020 (2019: nil).
Disclosure of right-of-use assets carrying value and depreciation charge


(USD millions)
December 31,

2020

carrying value
Depreciation

charge

2020
December 31,

2019

carrying value
Depreciation

charge

2019
Land
528
11
537
14
Buildings
963
207
990
194
Vehicles
155
100
129
87
Machinery and equipment, and other assets
30
12
21
10
Total right-of-use assets
1 676
330
1 677
305
Disclosure of maturity analysis of lease liability


(USD millions)


Lease liabilities

2020
Lease liabilities

undiscounted

2020


Lease liabilities

2019
Lease liabilities

undiscounted

2019
Less than one year
286
338
246
295
Between one and two years
229
274
202
246
Between two and three years
186
226
163
202
Between three and four years
148
183
138
173
Between four and five years
129
160
119
150
After five years
1 027
2 326
1 081
2 419
Total lease liabilities
2 005
3 507
1 949
3 485
Less current portion of lease liabilities
– 286
– 338
– 246
– 295
Non-current portion of lease liabilities
1 719
3 169
1 703
3 190
Additional disclosures related to right-of-use assets and lease liabilities [table text block]
(USD millions)
2020
2019
Interest expense on lease liabilities  1
67
66
Expense on short-term leases
4
7
Expense on low-value leases
7
8
Total cash outflows for leases
379
339
Thereof:
Cash outflows for short-term leases

and low-value leases  2


11


15
Payments of interest  3
56
51
Payments of lease liabilities  4
312
273
 1  The weighted average interest rate is 3.4% (2019: 3.9%).
 2  Cash flows from short-term and low-value leases are included within total net cash flows from operating activities. The portfolio of short-term leases to which the Group is committed to at December 31, 2020 and 2019, is similar to the portfolio of short-term leases the Group entered into during 2020 and 2019.
 3  Included within total net cash flows from operating activities.
 4  Reported as cash outflows used in financing activities net of lease incentives received of USD nil (2019: USD 33 million).