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GROUP CASH FLOW STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Profit before taxation $ 781 $ 879 $ 1,062
Net interest expense 51 51 46
Depreciation, amortisation and impairment 435 447 463
Loss on disposal of property, plant and equipment and software 19 13 15
Share-based payments expense (equity settled) 35 31 27
Share of results of associates 11 (6) 3
Profit on disposal of business     (326)
Net movement in post-retirement benefit obligations (35) (40) (85)
Increase in inventories (152) (17) (47)
Increase in trade and other receivables (108) (40) (74)
(Decrease)/increase in trade and other payables and provisions 71 (45) (49)
Cash generated from operations 1,108 1,273 1,035
Interest received 2 2 3
Interest paid (54) (50) (48)
Income taxes paid (125) (135) (141)
Net cash inflow from operating activities 931 1,090 849
Cash flows from investing activities      
Acquisitions, net of cash acquired (29) (159) (214)
Capital expenditure (347) (376) (392)
Purchae of investments (4) (8) (2)
Distribution from associate 2    
Proceeds on disposal of business     343
Tax on disposal of business     (118)
Net cash used in investing activities (378) (543) (383)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 3 5 10
Purchase of own shares (48) (52) (368)
Proceeds from borrowings due within one year 24 53 34
Settlement of borrowings due within one year (30) (64) (38)
Proceeds from borrowings due after one year 370 570 890
Settlement of borrowings due after one year (371) (706) (759)
Proceeds from own shares 10 5 6
Settlement of currency swaps (8) 24 (25)
Equity dividends paid (321) (269) (279)
Net cash used in financing activities (371) (434) (529)
Net increase/(decrease) in cash and cash equivalents 182 113 (63)
Cash and cash equivalents at beginning of period 155 38 102
Exchange adjustments (4) 4 (1)
Cash and cash equivalents at end of period 333 155 38
Restructuring and rationalisation expenses 83 15 62
Acquisition-related costs 3 3 24
Legal and other costs 104 25 36
Bank overdrafts $ 32 $ 14 $ 62