Trade and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2021

Text block [abstract]

Summary of Trade and Other Receivables

	2021 $m		2020 $m
Current
Trade receivables		3,586		3,209
Construction contract assets (i)		565		499
Total trade receivables and construction contract assets, gross		4,151		3,708
Loss allowance		(131)		(140)
Total trade receivables and construction contract assets, net		4,020		3,568
Amounts receivable from equity accounted investments		31		32
Prepayments		251		221
Other receivables		267		265
Total		4,569		4,086
Non-current
Other receivables		239		325

Summary Of Unbilled Revenue And Retentions Explanatory

	Unbilled revenue				Retentions
	2021 $m		2020 $m		2021 $m		2020 $m
At 1 January		297		278		202		206
Translation adjustment		(4)		7		(1)		3
Additional contract balances recognised		318		238		130		130
Invoiced in the period		(239)		(226)		-		-
Received from customers		-		-		(125)		(137)
Written off during the year		(11)		-		-		-
Disposals		-		-		(2)		-
At 31 December		361		297		204		202

Summary of Expected Credit Loss Allowance for Receivables

The movements in the expected credit loss allowance for receivables during the financial year were as follows:

	2021 $m		2020 $m		2019 $m
At 1 January		140		133		153
Translation adjustment		(5)		5		(1)
Disposed of during year		(1)		(4)		(34)
Written off during year		(14)		(23)		(29)
Arising on acquisition (note 30)		1		-		1
Net remeasurement of expected credit loss allowance		10		29		43
At 31 December		131		140		133

Summary of Gross Carrying Value Trade Receivables and Construction Contract Assets and Loss Allowance by Segment

The following table sets out the gross carrying value of trade receivables and construction contract assets and expected credit loss allowance by segment:

	Trade receivables and construction contract assets, gross			Expected credit loss allowance
	2021 $m	2020 $m	2019 $m	2021 $m	2020 $m	2019 $m
Americas Materials	1,735	1,475	1,520	27	34	31
Europe Materials	1,427	1,403	1,379	79	83	78
Building Products (i)	989	830	810	25	23	24
Total Group	4,151	3,708	3,709	131	140	133

Summary of Information About Building Products Segment By Geographic Location

(i) Analysis of Building Products segment by geographic location:

Americas	821	676	662	19	17	18
Europe	168	154	148	6	6	6
Total	989	830	810	25	23	24

Schedule of Aged Analysis of Trade Receivables and Amounts Receivable in Respect of Construction Contracts at Balance Sheet Date

Aged analysis

The aged analysis of net trade receivables and construction contract assets at the balance sheet date was as follows:

	Americas Materials		Europe Materials		Building Products		Total		Americas Materials		Europe Materials		Building Products		Total
	2021 $m		2021 $m		2021 $m		2021 $m		2020 $m		2020 $m		2020 $m		2020 $m
Not past due		1,139		1,050		626		2,815		956		958		523		2,437
Past due:
- less than 60 days		469		223		227		919		396		310		198		904
- 60 days or greater but less than 120 days		74		44		74		192		65		32		59		156
- 120 days or greater		26		31		37		94		24		20		27		71
Total trade receivables, net		1,708		1,348		964		4,020		1,441		1,320		807		3,568