Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Property, Plant and Equipment Owned and Leased Assets

Property, plant and equipment comprises owned and leased assets, as follows:



Million US dollar	31 December 2025		31 December 2024



Property, plant and equipment owned		21 368		21 295

Property, plant and equipment leased (right-of-use assets)		2 297		2 209

Total property, plant and equipment		23 664		23 503

Summary of Property, Plant and Equipment



	31 December 2025								31 December 2024

Million US dollar	Land and buildings		Plant and equipment, fixtures and fittings		Under construction		Total		Total

Acquisition cost
Balance at end of previous year		12 325		38 056		1 166		51 547		54 522
Effect of movements in foreign exchange		808		2 764		97		3 669		(4 424)
Acquisitions		32		878		1 833		2 744		2 989
Acquisitions through business combinations		-		-		-		-		16
Disposals through sale and derecognition		(258)		(2 385)		(1)		(2 644)		(2 271)
Disposals through the sale of subsidiaries		(9)		(18)		-		(27)		(9)
Transfer (to)/from other asset categories and other movements¹		331		3 452		(2 085)		1 698		724
Balance at end of the period		13 229		42 747		1 011		56 987		51 547

Depreciation and impairment losses
Balance at end of previous year		(5 018)		(25 235)		-		(30 252)		(30 430)
Effect of movements in foreign exchange		(317)		(1 765)		-		(2 082)		2 367
Depreciation		(385)		(2 944)		-		(3 329)		(3 518)
Disposals through sale and derecognition		243		2 329		-		2 572		2 121
Disposals through the sale of subsidiaries		4		15		-		18		5
Impairment losses		(66)		(390)		-		(456)		(247)
Transfer to/(from) other asset categories and other movements 1		(204)		(1 886)		-		(2 090)		(550)
Balance at end of the period		(5 743)		(29 876)		-		(35 619)		(30 252)

Carrying amount
at 31 December 2024		7 307		12 821		1 166		21 295		21 295
at 31 December 2025		7 486		12 871		1 011		21 368

The transfer (to)/from other asset categories and other movements relates to transfers from assets under construction to their respective asset categories, to contributions of assets to pension plans, to the separate presentation in the statement of financial position of property, plant and equipment held for sale in accordance with IFRS 5

Non-current assets held for sale and discontinued operations,

to the restatement of non-monetary assets under hyperinflation accounting in line with IAS 29

Financial reporting in hyperinflationary economies

and to other movements.

Summary of Property, Plant and Equipment Leased (right- of- use assets)

Property, plant and equipment leased by the company (right-of-use assets) is detailed as follows:



	31 December 2025

Million US dollar	Land and buildings		Machinery, equipment and other		Total

Net carrying amount at 31 December		1 505		795		2 298
Depreciation for the year ended 31 December		(425)		(318)		(742)



	31 December 2024

Million US dollar	Land and buildings		Machinery, equipment and other		Total

Net carrying amount at 31 December		1 443		766		2 209
Depreciation for the year ended 31 December		(433)		(349)		(782)