v3.25.4
Other reserves - Summary of other reserves and translation reserve (Details) - GBP (£)
£ in Millions, shares in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other reserves and translation reserve      
Equity at beginning of period £ 3,504 £ 3,439 £ 3,754
Profit attributable to shareholders 2,065 1,934 1,781
Dividends paid (1,196) (1,130) (1,066)
Actuarial gains on defined benefit pension schemes 5 43 (75)
Fair value movements on cash flow hedges 55 11 29
Transfer to profit from cash flow hedge reserve (36) (20) 18
Tax recognised in other comprehensive income (8) (8) 7
Exchange differences on translation of foreign operations (438) 175 (285)
Increase in share based remuneration reserve (including tax) 79 79 77
Acquisition of non-controlling interest (19) (1)  
Equity at end of period £ 2,390 £ 3,504 3,439
Cancellation of treasury share 55.0 29.0  
Other reserves and translation reserve      
Other reserves and translation reserve      
Equity at beginning of period £ 2,326 £ 2,180  
Profit attributable to shareholders 2,065 1,934  
Dividends paid (1,181) (1,121)  
Actuarial gains on defined benefit pension schemes 5 43  
Fair value movements on cash flow hedges 55 11  
Transfer to profit from cash flow hedge reserve (36) (20)  
Tax recognised in other comprehensive income (8) (8)  
Exchange differences on translation of foreign operations (438) 175  
Cancellation of shares (1,922) (850)  
Increase in share based remuneration reserve (including tax) 79 79  
Settlement of share awards (62) (53)  
Acquisition of non-controlling interest (22) (44)  
Equity at end of period 861 2,326 2,180
Translation reserve      
Other reserves and translation reserve      
Equity at beginning of period 567 392 677
Exchange differences on translation of foreign operations (438)    
Equity at end of period 129 567 392
Exchange differences on net debt 95    
Exchange differences on assets, net of other liabilities (533)    
Other reserves      
Other reserves and translation reserve      
Equity at beginning of period 1,759 1,788 1,717
Dividends paid (1,181) (1,121) (1,059)
Cancellation of shares (1,922) (850) (673)
Increase in share based remuneration reserve (including tax) 79 79 77
Settlement of share awards (62) (53) (34)
Acquisition of non-controlling interest (22) (44)  
Equity at end of period 732 1,759 £ 1,788
Hedge reserve      
Other reserves and translation reserve      
Equity at beginning of period 21    
Fair value movements on cash flow hedges 55 11  
Transfer to profit from cash flow hedge reserve (36) (20)  
Tax recognised in other comprehensive income (5)    
Equity at end of period 35 21  
Other reserves excluding hedges      
Other reserves and translation reserve      
Equity at beginning of period 1,738    
Profit attributable to shareholders 2,065    
Dividends paid (1,181)    
Actuarial gains on defined benefit pension schemes 5    
Tax recognised in other comprehensive income (3)    
Cancellation of shares (1,922)    
Increase in share based remuneration reserve (including tax) 79    
Settlement of share awards (62)    
Acquisition of non-controlling interest (22)    
Equity at end of period £ 697 £ 1,738