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Provisions for liabilities (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of other provisions [abstract]  
Summary of Provisions Excluding Post-Retirement Benefits
Restructuring
of existing
businesses
£m
Employee-
related
benefits
£m
Fox River
£m
Proposed
Plans in
Canada
£m
Other
provisions
£m
Total
£m
1 January 2024
139
42
44
774
999
Differences on exchange
(5)
(2)
(57)
(64)
Provided in respect of the year*
(15)
15
6,203
111
6,314
Utilised during the year
(54)
(13)
(67)
(134)
31 December 2024
65
42
44
6,203
761
7,115
Analysed on the balance sheet as
– current
33
11
2
2,456
542
3,044
– non-current
32
31
42
3,747
219
4,071
65
42
44
6,203
761
7,115
Restructuring
of existing
businesses
£m
Employee-
related
benefits
£m
Fox River
£m
DOJ and OFAC
investigations
£m
Other
provisions
£m
Total
£m
1 January 2023
297
44
54
450
676
1,521
Differences on exchange
(32)
(4)
(46)
(82)
Provided in respect of the year*
(21)
13
(450)
240
(218)
Utilised during the year
(105)
(11)
(10)
(96)
(222)
31 December 2023
139
42
44
774
999
Analysed on the balance sheet as
– current
96
13
3
356
468
– non-current
43
29
41
418
531
139
42
44
774
999
Note:
*Amounts provided above are shown net of reversals of unused provisions which include reversals of £21 million (2023: £42 million) for restructuring of existing businesses,
£12 million (2023: £14 million) for employee benefits and £412 million (2023: £128 million) for other provisions. Included in the £412 million is an amount of £270 million which relates to
interest provision for FII GLO and which was reclassified to trade and other payables in 2024. For the DOJ and OFAC investigations, the £450 million that was provided for in 2022 was
reclassified to trade and other payables in 2023.