Note 10 - Interest expense
|
|
|
$ million |
|---|---|---|---|
|
2022 |
2021 |
2020 |
Interest incurred and similar charges |
1,971 |
2,086 |
2,174 |
Interest expense related to leases |
1,724 |
1,987 |
2,185 |
Less: interest capitalised |
(950) |
(917) |
(799) |
Other net (gains)/losses on fair value and cash flow hedges of debt |
(71) |
1 |
32 |
Accretion expense |
507 |
450 |
497 |
Total |
3,181 |
3,607 |
4,089 |
The rate applied in determining the amount of interest capitalised in 2022 was 4.0% (2021: 4.0%; 2020: 4.5%).
