Debt (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Debt |
|
| Summary of types of borrowings both current and non-current |
| | | | | | | | | | | | | | | 2024 | | 2025 | | | Falling due
within
1 year
GBPm | | Falling due
in more than
1 year
GBPm | | Total
GBPm | | Falling due
within
1 year
GBPm | | Falling due
in more than
1 year
GBPm | | Total
GBPm | Financial liabilities measured at amortised cost: | | | | | | | | | | | | | Short-term bank loans, overdrafts and commercial paper | | 762 | | - | | 762 | | 887 | | - | | 887 | Term debt | | - | | 3,551 | | 3,551 | | 654 | | 4,110 | | 4,764 | Lease liabilities | | 38 | | 65 | | 103 | | 30 | | 67 | | 97 | Term debt in fair value hedging relationships | | 492 | | 1,516 | | 2,008 | | - | | 1,519 | | 1,519 | Term debt previously in fair value hedging relationships | | 120 | | - | | 120 | | - | | - | | - | Total | | 1,412 | | 5,132 | | 6,544 | | 1,571 | | 5,696 | | 7,267 |
|
| Summary of repayment years for borrowings |
| | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | | Short-term
bank loans,
overdrafts
and
commercial
paper
GBPm | | Term debt
GBPm | | Lease
liabilities
GBPm | | Total
GBPm | | Short-term
bank loans,
overdrafts
and
commercial
paper
GBPm | | Term debt
GBPm | | Lease
liabilities
GBPm | | Total
GBPm | Within 1 year | | 762 | | 612 | | 38 | | 1,412 | | 887 | | 654 | | 30 | | 1,571 | Within 1 to 2 years | | - | | 619 | | 13 | | 632 | | - | | 436 | | 13 | | 449 | Within 2 to 3 years | | - | | 412 | | 12 | | 424 | | - | | 696 | | 13 | | 709 | Within 3 to 4 years | | - | | 658 | | 12 | | 670 | | - | | 702 | | 12 | | 714 | Within 4 to 5 years | | - | | 753 | | 9 | | 762 | | - | | 1,056 | | 9 | | 1,065 | After 5 years | | - | | 2,625 | | 19 | | 2,644 | | - | | 2,739 | | 20 | | 2,759 | After 1 year | | - | | 5,067 | | 65 | | 5,132 | | - | | 5,629 | | 67 | | 5,696 | Total | | 762 | | 5,679 | | 103 | | 6,544 | | 887 | | 6,283 | | 97 | | 7,267 |
|
| Analysis of borrowings by currency |
| | | | | | | | | | | | | | | | | | | 2024 | | 2025 | | | Short-term
bank loans,
overdrafts
and
commercial
paper
GBPm | | Term debt
GBPm | | Lease
liabilities
GBPm | | Total
GBPm | | Short-term
bank loans,
overdrafts
and
commercial
paper
GBPm | | Term debt
GBPm | | Lease
liabilities
GBPm | | Total
GBPm | US dollar | | 446 | | 2,246 | | 21 | | 2,713 | | 828 | | 2,667 | | 12 | | 3,507 | Pound sterling | | 8 | | - | | 30 | | 38 | | 12 | | - | | 38 | | 50 | Euro | | 295 | | 3,433 | | 29 | | 3,757 | | 42 | | 3,616 | | 22 | | 3,680 | Other currencies | | 13 | | - | | 23 | | 36 | | 5 | | - | | 25 | | 30 | Total | | 762 | | 5,679 | | 103 | | 6,544 | | 887 | | 6,283 | | 97 | | 7,267 |
|