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GROUP CASH FLOW STATEMENT - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Profit before taxation $ 743 $ 781 $ 879
Net interest expense 55 51 51
Depreciation, amortisation and impairment 502 435 447
Loss on disposal of property, plant and equipment and software 16 19 13
Share-based payments expense (equity settled) 32 35 31
Share of results of associates (1) 11 (6)
Net movement in post-retirement benefit obligations (4) (35) (40)
Increase in inventories (204) (152) (17)
Decrease/(increase) in trade and other receivables 30 (108) (40)
Increase/(decrease) in trade and other payables and provisions 201 71 (45)
Cash generated from operations 1,370 1,108 1,273
Interest received 4 2 2
Interest paid (56) (54) (50)
Income taxes paid (150) (125) (135)
Net cash inflow from operating activities 1,168 931 1,090
Cash flows from investing activities      
Acquisitions, net of cash acquired (869) (29) (159)
Capital expenditure (408) (347) (376)
Net proceeds from sale/(purchase) of investments 23 (4) (8)
Distribution from associate 3 2  
Net cash used in investing activities (1,251) (378) (543)
Cash flows from financing activities      
Proceeds from issue of ordinary share capital 2 3 5
Purchase of own shares (63) (48) (52)
Payment of capital element of lease liabilities (46)    
Proceeds from borrowings due within one year   24 53
Settlement of borrowings due within one year (125) (30) (64)
Proceeds from borrowings due after one year 1,290 370 570
Settlement of borrowings due after one year (740) (371) (706)
Proceeds from own shares 9 10 5
Settlement of currency swaps (2) (8) 24
Equity dividends paid (318) (321) (269)
Net cash from/(used in) financing activities 7 (371) (434)
Net (decrease)/increase in cash and cash equivalents (76) 182 113
Cash and cash equivalents at beginning of year 333 155 38
Exchange adjustments   (4) 4
Cash and cash equivalents at end of year 257 333 155
Restructuring and rationalisation expenses 123 83 15
Acquisition-related costs 36 3 3
Legal and other costs 105 104 25
Bank overdrafts $ 20 $ 32 $ 14