Assets held for sale and discontinued operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The major classes of assets and liabilities classified as held for sale at December 31 were:

in $ millions	2023
Assets
Cash and cash equivalents	49
Accounts receivable, net	70
Inventories	102
Property, plant and equipment, net	832
Goodwill	201
Operating lease right-of-use assets, net	6
Other assets	8
Assets held for sale	1,268
Liabilities
Accounts payable	59
Accrued expenses	17
Deferred income tax liabilities	148
Operating lease liabilities	6
Other liabilities	145
Liabilities held for sale	375

The financial results for the Company’s discontinued operations for the year ended December 31 were:

in $ millions	2022
Total revenues	645
Operating income	89
Gain on divestiture before income taxes	1,471
Income from discontinued operations before income tax expense	1,560
Income tax expense	(370)
Income from discontinued operations, net of income tax expense	1,190

The cash flows from discontinued operations included in the accompanying Consolidated Statements of Cash Flows for the year ended December 31 were:

in $ millions	2022
Cash flows from discontinued operations
Net cash used in operating activities (i)	(444)
Net cash provided by investing activities (ii)	3,446
Net cash provided by financing activities	3

(i)     Includes the corporation tax paid on the sale of discontinued operations.

(ii)     Includes the proceeds from the divestiture of discontinued operations.