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Condensed consolidated statement of comprehensive income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed consolidated statement of comprehensive income        
Total Revenue $ 10,771 $ 8,220 $ 22,161 $ 15,540
Product Sales 10,630 8,045 21,610 15,302
Collaboration Revenue 141 175 551 238
Cost of Sales (2,998) (2,191) (6,509) (4,055)
Gross Profit 7,773 6,029 15,652 11,485
Distribution costs (129) (103) (254) (202)
Research and development expense (2,546) (1,829) (4,679) (3,542)
Selling, general and administrative expense (4,681) (3,098) (9,521) (6,027)
Other operating income and expense 122 128 219 1,308
Operating Profit 539 1,127 1,417 3,022
Finance income 18 7 35 27
Finance expense (311) (326) (647) (629)
Share of after tax losses in associates and joint ventures 1 (44) (5) (48)
Profit Before Tax 247 764 800 2,372
Taxation 113 (214) (52) (260)
Profit for the period 360 550 748 2,112
Other comprehensive (loss)/income        
Remeasurement of the defined benefit pension liability 696 211 1,031 692
Net (losses)/gains on equity investments measured at fair value through other comprehensive income (30) 81 (12) (27)
Fair value movements related to own credit risk on bonds designated as fair value through profit or loss 2 1 2 2
Tax on items that will not be reclassified to profit or loss (181) 146 (275) 52
Total other comprehensive income that will not be reclassified to profit or loss, net of tax 487 439 746 719
Foreign exchange arising on consolidation (1,107) 166 (1,326) 59
Foreign exchange arising on designated borrowings in net investment hedges (163) 72 (195) (230)
Fair value movements on cash flow hedges (143) 27 (138) (59)
Fair value movements on cash flow hedges transferred to profit or loss 120 (48) 131 73
Fair value movements on derivatives designated in net investment hedges 42 (6) 34 7
Costs of hedging (13) (1) (13) (2)
Tax on items that may be reclassified subsequently to profit or loss 45 (8) 46 18
Other comprehensive income that may be subsequently to profit or loss, net of tax (1,219) 202 (1,461) (134)
Other comprehensive (loss)/income for the period, net of tax (732) 641 (715) 585
Total comprehensive income for the period (372) 1,191 33 2,697
Profit attributable to:        
Owners of the Parent 360 550 746 2,111
Non-controlling interests     2 1
Profit for the period 360 550 748 2,112
Total comprehensive income attributable to:        
Owners of the Parent (372) 1,190 33 2,696
Non-controlling interests   1   1
Total comprehensive income for the period $ (372) $ 1,191 $ 33 $ 2,697
Basic earnings per $0.25 Ordinary Share $ 0.23 $ 0.42 $ 0.48 $ 1.61
Diluted earnings per $0.25 Ordinary Share $ 0.23 $ 0.42 $ 0.48 $ 1.60
Weighted average number of Ordinary Shares in issue (millions) 1,549 1,312 1,548 1,312
Diluted weighted average number of Ordinary Shares in issue (millions) 1,560 1,318 1,561 1,319