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Disposals and impairment (Tables)
 12 Months Ended
Dec. 31, 2018
Impairment Of Assets [Abstract]  
Summary of amounts recognized in the income statement in respect of disposals and impairments
The following amounts were recognized in the income statement in respect of disposals and impairments.
 
 
 
 
$ million

 
 
2018

2017

2016

Gains on sale of businesses and fixed assets
 
 
 
 
Upstream
 
437

526

557

Downstream
 
15

674

561

Other businesses and corporate
 
4

10

14

 
 
456

1,210

1,132

 
 
 
 
 
 
 
 
 
$ million

 
 
2018

2017

2016

Losses on sale of businesses and fixed assets
 
 
 
 
Upstream
 
707

127

169

Downstream
 
59

88

89

Other businesses and corporate
 
11

—

3

 
 
777

215

261

Impairment losses
 
 
 
 
Upstream
 
400

1,138

1,022

Downstream
 
12

69

84

Other businesses and corporate
 
254

32

11

 
 
666

1,239

1,117

Impairment reversals
 
 
 
 
Upstream
 
(580
)
(176
)
(3,025
)
Downstream
 
(2
)
(62
)
(17
)
Other businesses and corporate
 
(1
)
—

—

 
 
(583
)
(238
)
(3,042
)
Impairment and losses on sale of businesses and fixed assets
 
860

1,216

(1,664
)
Summary of disposal proceeds and principal gains and losses on disposals by segment
Disposal proceeds and principal gains and losses on disposals by segment are described below.
 
 
 
 
$ million

 
 
2018

2017

2016

Proceeds from disposals of fixed assets
 
940

2,936

1,372

Proceeds from disposals of businesses, net of cash disposed
 
1,911

478

1,259

 
 
2,851

3,414

2,631

By business
 
 
 
 
Upstream
 
2,145

1,183

839

Downstream
 
120

2,078

1,646

Other businesses and corporate
 
586

153

146

 
 
2,851

3,414

2,631
Summary financial information relating to the sale of business
Summarized financial information relating to the sale of businesses is shown in the table below. The principal transaction categorized as a business disposal in 2018 was the disposal of our interest in the Greater Kuparuk Area in the US - see Note 3 for further information. The principal transaction categorized as a business disposal in 2017 was the disposal of our interest in the Forties Pipeline System in the North Sea. The principal transactions categorized as business disposals in 2016 were the contribution of BP’s Norwegian upstream business into Aker BP ASA and the dissolution of the group’s German refining joint operation with Rosneft.
 
 
 
 
$ million

 
 
2018

2017

2016

Non-current assets
 
3,274

735

4,794

Current assets
 
173

57

1,202

Non-current liabilities
 
(250
)
(173
)
(2,558
)
Current liabilities
 
(97
)
(86
)
(532
)
Total carrying amount of net assets disposed
 
3,100

533

2,906

Recycling of foreign exchange on disposal
 
—

—

25

Costs on disposala
 
3

3

229

 
 
3,103

536

3,160

Gains (losses) on sale of businessesb
 
(221
)
44

593

Total consideration
 
2,882

580

3,753

Non-cash considerationc
 
(282
)
(216
)
(2,698
)
Consideration received (receivable)
 
(689
)
114

204

Proceeds from the sale of businesses, net of cash disposedd
 
1,911

478

1,259

a 2016 includes amounts relating to the remeasurement to fair value of certain assets as a result of the dissolution of our German refining joint operation with Rosneft.
b 2016 gains on sale of businesses include deferred amounts not recognized in the income statement.
c 2016 non-cash consideration principally relates to the contribution of BP’s Norwegian upstream business into Aker BP ASA in exchange for 30% interest in Aker BP ASA and the dissolution of the group’s German refining joint operation with Rosneft.
d Proceeds are stated net of cash and cash equivalents disposed of $15 million (2017 $25 million and 2016 $676 million).