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Discontinued operations (Tables) | 12 Months Ended
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Jun. 30, 2019
Statement [LineItems] |
Summary of Exceptional Items | Exceptional items are those gains or losses where their nature, including the expected frequency of the events giving rise to them, and amount is considered material to the Financial Statements. Such items included within the Group’s profit from Continuing operations for the year are detailed below. Exceptional items attributable to Discontinued operations are detailed in note 27 ‘Discontinued operations’:
Year ended 30 June 2019 |  | Gross |  |  | Tax |  |  | Net |
|  | US$M |  |  | US$M |  |  | US$M |
Exceptional items by category |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure |  |  | (1,060 | ) |  |  | – |  |  |  | (1,060 | )
Global taxation matters |  |  | – |  |  |  | 242 |  |  |  | 242 |
Total |  |  | (1,060 | ) |  |  | 242 |  |  |  | (818 | )
Attributable to non-controlling interests |  |  | – |  |  |  | – |  |  |  | – |
Attributable to BHP shareholders |  |  | (1,060 | ) |  |  | 242 |  |  |  | (818 | )
Year ended 30 June 2018 |  | Gross |  |  | Tax |  |  | Net
|  | US$M |  |  | US$M |  |  | US$M
Exceptional items by category |  |  |  |  |  |  |  |  |  |
Samarco dam failure |  |  | (650 | ) |  |  | – |  |  | (650)
US tax reform |  |  | – |  |  |  | (2,320 | ) |  | (2,320)
Total |  |  | (650 | ) |  |  | (2,320 | ) |  | (2,970)
Attributable to non-controlling interests |  |  | – |  |  |  | – |  |  | –
Attributable to BHP shareholders |  |  | (650 | ) |  |  | (2,320 | ) |  | (2,970)
Year ended 30 June 2017 |  | Gross |  |  | Tax |  |  | Net |
|  | US$M |  |  | US$M |  |  | US$M |
Exceptional items by category |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure |  |  | (381 | ) |  |  | – |  |  |  | (381 | )
Escondida industrial action |  |  | (546 | ) |  |  | 179 |  |  |  | (367 | )
Cancellation of the Caroona exploration licence |  |  | 164 |  |  |  | (49 | ) |  |  | 115 |
Withholding tax on Chilean dividends |  |  | – |  |  |  | (373 | ) |  |  | (373 | )
Total |  |  | (763 | ) |  |  | (243 | ) |  |  | (1,006 | )
Attributable to non-controlling interests – Escondida industrial action |  |  | (232 | ) |  |  | 68 |  |  |  | (164 | )
Attributable to BHP shareholders |  |  | (531 | ) |  |  | (311 | ) |  |  | (842 | )
Summary of Income Statement - Discontinued Operations | Income statement – Discontinued operations
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | US$M |  |  | US$M |  |  | US$M |
Revenue |  |  | 851 |  |  |  | 2,171 |  |  |  | 2,150 |
Other income |  |  | 94 |  |  |  | 34 |  |  |  | 74 |
Expenses excluding net finance costs |  |  | (729 | ) |  |  | (5,790 | ) |  |  | (3,025 | )
Profit/(loss) from operations |  |  | 216 |  |  |  | (3,585 | ) |  |  | (801 | )
Financial expenses |  |  | (8 | ) |  |  | (22 | ) |  |  | (14 | )
Net finance costs |  |  | (8 | ) |  |  | (22 | ) |  |  | (14 | )
Profit/(loss) before taxation |  |  | 208 |  |  |  | (3,607 | ) |  |  | (815 | )
Income tax (expense)/benefit |  |  | (33 | ) |  |  | 686 |  |  |  | 343 |
Profit/(loss) after taxation from operating activities |  |  | 175 |  |  |  | (2,921 | ) |  |  | (472 | )
Net loss on disposal |  |  | (510 | ) |  |  | – |  |  |  | – |
Loss after taxation |  |  | (335 | ) |  |  | (2,921 | ) |  |  | (472 | )
Attributable to non-controlling interests |  |  | 7 |  |  |  | 26 |  |  |  | 13 |
Attributable to BHP shareholders |  |  | (342 | ) |  |  | (2,947 | ) |  |  | (485 | )
Basic loss per ordinary share (cents) |  |  | (6.6 | ) |  |  | (55.4 | ) |  |  | (9.1 | )
Diluted loss per ordinary share (cents) |  |  | (6.6 | ) |  |  | (55.4 | ) |  |  | (9.1 | )
Summary of Cash Flows from Discontinued Operations | Cash flows from Discontinued operations
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | US$M |  |  | US$M |  |  | US$M |
Net operating cash flows |  |  | 474 |  |  |  | 900 |  |  |  | 928 |
Net investing cash flows (1) |  |  | (443 | ) |  |  | (861 | ) |  |  | (437 | )
Net financing cash flows (2) |  |  | (13 | ) |  |  | (40 | ) |  |  | (28 | )
Net increase/(decrease) in cash and cash equivalents from Discontinued operations |  |  | 18 |  |  |  | (1 | ) |  |  | 463 |
Net proceeds received from the sale of Onshore US |  |  | 10,531 |  |  |  | – |  |  |  | – |
Less Cash and cash equivalents |  |  | (104 | ) |  |  | – |  |  |  | – |
Proceeds from divestment of Onshore US, net of its cash |  |  | 10,427 |  |  |  | – |  |  |  | – |
Total cash impact |  |  | 10,445 |  |  |  | (1 | ) |  |  | 463 |
(1) | Includes purchases of property, plant and equipment of US$443 million (2018: US$900 million; 2017: US$555 million) less proceeds from sale of assets of US$ nil (2018: US$39 million; 2017: US$118 million).
(2) | Includes net repayment of interest bearing liabilities of US$6 million (2018: US$4 million; 2017: US$6 million), distribution to non-controlling interests of US$ nil (2018: US$14 million; 2017: US$16 million) and dividends paid to non-controlling interests of US$7 million (2018: US$22 million; 2017: US$6 million).
Summary of Net Loss on Disposal of Discontinued Operations | Net loss on disposal of Discontinued operations Details of the net loss on disposal is presented below:
|  | 2019 |
|  | US$M |
Assets |  |  |  |
Cash and cash equivalents |  |  | 104 |
Trade and other receivables |  |  | 562 |
Other financial assets |  |  | 31 |
Inventories |  |  | 34 |
Property, plant and equipment |  |  | 10,998 |
Intangible assets |  |  | 667 |
Total assets |  |  | 12,396 |
Liabilities |  |  |  |
Trade and other payables |  |  | 794 |
Provisions |  |  | 491 |
Total liabilities |  |  | 1,285 |
Net assets |  |  | 11,111 |
Less non-controlling interest share of net assets disposed |  |  | (168 | )
BHP Share of net assets disposed |  |  | 10,943 |
Gross consideration |  |  | 10,555 |
Less transaction costs |  |  | (54 | )
Income tax expense |  |  | (68 | )
Net loss on disposal |  |  | (510 | )
Summary of Impairment of Non-current Assets |
Cash generating unit |  | Property, plant and equipment |  |  | Goodwill |  |  | Total |
|  | US$M |  |  | US$M |  |  | US$M |
Petrohawk |  |  | – |  |  |  | (2,253 | ) |  |  | (2,253 | )
Fayetteville |  |  | (520 | ) |  |  | (86 | ) |  |  | (606 | )
Total impairment of non-current assets |  |  | (520 | ) |  |  | (2,339 | ) |  |  | (2,859 | )
Discontinued operations [member] |
Statement [LineItems] |
Summary of Exceptional Items | Exceptional items – Discontinued operations Exceptional items are those gains or losses where their nature, including the expected frequency of the events giving rise to them, and amount is considered material to the Financial Statements. There were no exceptional items related to Discontinued operations for the year ended 30 June 2019 and 30 June 2017. Items related to Discontinued operations included within profit for the year ended 30 June 2018 are detailed below.
Year ended 30 June 2018 |  | Gross |  |  | Tax |  |  | Net |
|  | US$M |  |  | US$M |  |  | US$M |
Exceptional items by category |  |  |  |  |  |  |  |  |  |  |  |
US tax reform |  |  | – |  |  |  | 492 |  |  |  | 492 |
Impairment of Onshore US assets |  |  | (2,859 | ) |  |  | 109 |  |  |  | (2,750 | )
Total |  |  | (2,859 | ) |  |  | 601 |  |  |  | (2,258 | )
Attributable to non-controlling interests |  |  | – |  |  |  | – |  |  |  | – |
Attributable to BHP shareholders |  |  | (2,859 | ) |  |  | 601 |  |  |  | (2,258 | )
Samarco dam failure [member] |
Statement [LineItems] |
Summary of Exceptional Items | The FY2019 exceptional loss of US$1,060 million related to the Samarco dam failure in November 2015 and comprises the following:
Year ended 30 June 2019 |  | US$M |
Other income |  |  | 50 |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Billiton Brasil Ltda and other BHP entities in relation to the Samarco dam failure |  |  | (57 | )
Loss from equity accounted investments, related impairments and expenses: |  |  |  |
Share of loss relating to the Samarco dam failure |  |  | (96 | )
Samarco Germano dam decommissioning |  |  | (263 | )
Samarco dam failure provision |  |  | (586 | )
Net finance costs |  |  | (108 | )
Total (1) |  |  | (1,060 | )
(1) | Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The FY2018 exceptional loss of US$650 million related to the Samarco dam failure in November 2015 and comprises the following:
Year ended 30 June 2018 |  | US$M |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Billiton Brasil Ltda and other BHP entities in relation to the Samarco dam failure |  |  | (57 | )
Loss from equity accounted investments, related impairments and expenses: |  |  |  |
Share of loss relating to the Samarco dam failure |  |  | (80 | )
Samarco dam failure provision |  |  | (429 | )
Net finance costs |  |  | (84 | )
Total (1) |  |  | (650 | )
(1) | Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The FY2017 exceptional loss of US$381 million (before tax) related to the Samarco dam failure in November 2015 and comprises the following:
Year ended 30 June 2017 |  | US$M |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Billiton Brasil Ltda and other BHP entities in relation to the Samarco dam failure |  |  | (82 | )
Loss from equity accounted investments, related impairments and expenses: |  |  |  |
Share of loss relating to the Samarco dam failure |  |  | (134 | )
Samarco dam failure provision |  |  | (38 | )
Net finance costs |  |  | (127 | )
Total (1) |  |  | (381 | )
(1) | Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
US tax reform [member] |
Statement [LineItems] |
Summary of Exceptional Items |
Year ended 30 June 2018 |  | US$M |
Re-measurement of deferred taxes as a result of reduced US corporate income tax rate |  |  | (1,390 | )
Impairment of foreign tax credits |  |  | (834 | )
Net impact of tax charges on deemed repatriation of accumulated earnings of non-US subsidiaries |  |  | (194 | )
Recognition of Alternative Minimum Tax Credits |  |  | 95 |
Other impacts |  |  | 3 |
Total (1) |  |  | (2,320 | )
(1) | Refer to note 6 ‘Income tax expense’ for further information.

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