Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

	Transaction Value for the
	Three Months Ended March 31,						Balance Outstanding as of
	2022			2021			March 31, 2022			December 31, 2021
Balances and transactions with joint ventures
Included in other current assets							$	2		$	9
Sale of goods and services⁽¹⁾	$	7		$	10
Balances and transactions with other entities controlled by Mr. Graeme Hart
Current related party receivables⁽²⁾								41			48
Sale of goods and services⁽²⁾		100			78
Transition services agreements and rental income⁽²⁾		1			4
Charges⁽³⁾		—			5
Related party payables⁽²⁾								(11	)		(10	)
Purchase of goods⁽²⁾		(27	)		(25	)
Charges⁽³⁾		(3	)		(6	)

⁽¹⁾	^{All transactions with joint ventures are settled in cash. Sales of goods and services are negotiated based on market rates. All amounts are unsecured, non-interest bearing and repayable on demand.}

⁽²⁾

^{Following the distribution of RCPI on February 4, 2020, we continue to trade with them, selling and purchasing various goods and services under contractual arrangements that expire over a variety of periods through December 31, 2024. As part of the separation process, among other agreements, we have entered into two lease arrangements with RCPI and entered into a transition services agreement to provide ongoing agreed services to RCPI, as requested. We do not trade with GPCI on an ongoing basis. We have entered into a transition services agreement to provide ongoing agreed services to GPCI, as requested. We have also entered into a tax matters agreement with GPCI. We have recognized a payable of $1 million under the tax matters agreement in relation to GPCI’s share of U.S. state tax refunds in respect of the periods through to September 16, 2020.}

⁽³⁾

^{These charges are for various costs incurred including services provided, financing and other activities. All amounts are unsecured, non-interest bearing and settled on normal trade terms. As part of our IPO, we have entered into a transition services agreement with Rank Group Limited (“Rank”), an entity controlled by Mr. Graeme Hart, under which Rank will, upon our request, continue to provide certain administrative and support services to us, and we will provide support services to Rank upon request. All services provided will be charged at an agreed hourly rate plus any third party costs. The agreements with Rank and affiliated entities also include an insurance sharing agreement and an investment advisory agreement in respect of our pension plan investment committee.}