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GROUP CASH FLOW STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Profit before taxation $ 879 $ 1,062 $ 559
Net interest expense 51 46 38
Depreciation, amortisation and impairment 447 463 493
Loss on disposal of property, plant and equipment and software 13 15 15
Distribution from trade investments     3
Share-based payments expense (equity settled) 31 27 29
Share of results of associates (6) 3 16
Profit on disposal of business   (326)  
Net movement in post-retirement benefit obligations (40) (85) (57)
Increase in inventories (17) (47) (83)
Increase in trade and other receivables (40) (74) (26)
(Decrease)/increase in trade and other payables and provisions (45) (49) 216
Cash generated from operations 1,273 1,035 1,203
Interest received 2 3 8
Interest paid (50) (48) (44)
Income taxes paid (135) (141) (137)
Net cash inflow from operating activities 1,090 849 1,030
Cash flows from investing activities      
Acquisitions, net of cash acquired (159) (214) (44)
Capital expenditure (376) (392) (358)
Investment in associate     (25)
Purchase of investments (8) (2) (2)
Proceeds on disposal of business   343  
Tax on disposal of business   (118)  
Net cash used in investing activities (543) (383) (429)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 5 10 16
Purchase of own shares (52) (368) (77)
Proceeds from borrowings due within one year 53 34 42
Settlement of borrowings due within one year (64) (38) (26)
Proceeds from borrowings due after one year 570 890 831
Settlement of borrowings due after one year (706) (759) (1,062)
Proceeds from own shares 5 6 5
Settlement of currency swaps 24 (25) (15)
Equity dividends paid (269) (279) (272)
Net cash used in financing activities (434) (529) (558)
Net increase/(decrease) in cash and cash equivalents 113 (63) 43
Cash and cash equivalents at beginning of period 38 102 65
Exchange adjustments 4 (1) (6)
Cash and cash equivalents at end of period 155 38 102
Restructuring and rationalisation expenses 15 62 52
Acquisition-related costs 3 24 36
Legal and other costs 25 36 3
Bank overdrafts $ 14 $ 62 $ 18