Interest and other finance costs

12 Months Ended

Dec. 31, 2024

Interest and other finance costs

Interest and other finance costs

4 Interest and other finance costs

4.1 Interest income/(expense)

	2024	2023	2022
	$ million	$ million	$ million
Interest income	24	34	14
Interest expense:
Bank borrowings	(8)	(10)	(3)
Private placement notes	(29)	(38)	(39)
Corporate bond	(89)	(46)	(27)
Lease liabilities	(8)	(8)	(6)
Other	(11)	(30)	(5)
	(145)	(132)	(80)
Net interest expense	(121)	(98)	(66)

4.2 Other finance costs

		2024	2023	2022
	Notes	$ million	$ million	$ million
Retirement benefit net interest expense	18	(4)	(1)	(2)
Unwinding of discount1		(19)	(6)	(9)
Other		(5)	–	3
Other finance costs		(28)	(7)	(8)

1 Includes discount unwind on provision for metal-on-metal hip claims and acquisition related liabilities.