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Financial risk management - Fair values (Tables) | 6 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Summary of Financial Assets and Liabilities | Financial assets and liabilities
|  | IFRS 13 Fair value hierarchy Level |  | IFRS 9 Classification |  | 31 Dec 2019 US$M |  |  | 30 June 2019 US$M |
Fair value hierarchy (1) |  |  |  |  |  |  |  |  |  |  |  |
Current cross currency and interest rate swaps |  | 2 |  | Fair value through profit or loss |  |  | 11 |  |  |  | 15 |
Current other derivative contracts (2) |  | 2,3 |  | Fair value through profit or loss |  |  | 33 |  |  |  | 57 |
Current other investments (3) |  | 1,2 |  | Fair value through profit or loss |  |  | 10 |  |  |  | 15 |
Non-current cross currency and interest rate swaps |  | 2 |  | Fair value through profit or loss |  |  | 696 |  |  |  | 739 |
Non-current other derivative contracts (2) |  | 2,3 |  | Fair value through profit or loss |  |  | 192 |  |  |  | 180 |
Non-current investment in shares |  | 3 |  | Fair value through other comprehensive income |  |  | 33 |  |  |  | 34 |
Non-current investment in shares |  | 3 |  | Fair value through profit or loss |  |  | – |  |  |  | 6 |
Non-current other investments (3)(4) |  | 1,2,3 |  | Fair value through profit or loss |  |  | 344 |  |  |  | 344 |
Total other financial assets |  |  |  |  |  |  | 1,319 |  |  |  | 1,390 |
Cash and cash equivalents |  |  |  | Amortised cost |  |  | 14,321 |  |  |  | 15,613 |
Trade and other receivables (5) |  |  |  | Amortised cost |  |  | 2,014 |  |  |  | 1,929 |
Provisionally priced trade receivables |  | 2 |  | Fair value through profit or loss |  |  | 1,331 |  |  |  | 1,446 |
Loans to equity accounted investments |  |  |  | Amortised cost |  |  | 40 |  |  |  | 33 |
Total financial assets |  |  |  |  |  |  | 19,025 |  |  |  | 20,411 |
Non-financial assets |  |  |  |  |  |  | 83,265 |  |  |  | 80,450 |
Total assets |  |  |  |  |  |  | 102,290 |  |  |  | 100,861 |
Current cross currency and interest rate swaps |  | 2 |  | Fair value through profit or loss |  |  | 210 |  |  |  | 63 |
Current other derivative contracts (2) |  | 2,3 |  | Fair value through profit or loss |  |  | 153 |  |  |  | 64 |
Non-current cross currency and interest rate swaps |  | 2 |  | Fair value through profit or loss |  |  | 730 |  |  |  | 895 |
Non-current other derivative contracts (2) |  | 2,3 |  | Fair value through profit or loss |  |  | 1 |  |  |  | 1 |
Total other financial liabilities |  |  |  |  |  |  | 1,094 |  |  |  | 1,023 |
Trade and other payables (6) |  |  |  | Amortised cost |  |  | 5,339 |  |  |  | 6,283 |
Provisionally priced trade payables |  | 2 |  | Fair value through profit or loss |  |  | 354 |  |  |  | 277 |
Bank overdrafts and short-term borrowings (7) |  |  |  | Amortised cost |  |  | – |  |  |  | 20 |
Bank loans (7) |  |  |  | Amortised cost |  |  | 2,694 |  |  |  | 2,498 |
Notes and debentures (7) |  |  |  | Amortised cost |  |  | 21,534 |  |  |  | 21,529 |
Leases liabilities |  |  |  | Amortised cost |  |  | 2,578 |  |  |  | 715 |
Other (7) |  |  |  | Amortised cost |  |  | 2 |  |  |  | 66 |
Total financial liabilities |  |  |  |  |  |  | 33,595 |  |  |  | 32,411 |
Non-financial liabilities |  |  |  |  |  |  | 16,277 |  |  |  | 16,626 |
Total liabilities |  |  |  |  |  |  | 49,872 |  |  |  | 49,037 |
(1) | All of the Group’s financial assets and financial liabilities recognised at fair value were valued using market observable inputs categorised as Level 2 with the exception of the specified items in the following footnotes.
(2) | Includes other derivative contracts of US$ 219 million (30 June 2019: US$200 million) categorised as Level 3. Significant items are derivatives embedded in physical commodity purchase and sales contracts of gas in Trinidad and Tobago with net assets fair value of US$ 2 2 0 million (30 June 2019: US$202 million).
(3) | Includes investments held by BHP Foundation which are restricted and not available for general use by the Group of US$ 303 million (30 June 2019: US$309 million) of which other investments (US Treasury Notes) of US$ 121 million is categorised as Level 1 (30 June 2019: US$128 million).
(4) | Includes other investments of US$ 46 million (30 June 2019: US$47 million) categorised as Level 3.
(5) | Excludes input taxes of US$ 464 million (30 June 2019: US$367 million) included in other receivables.
(6) | Excludes input taxes of US$ 110 million (30 June 2019: US$162 million) included in other payables.
(7) | All interest bearing liabilities, excluding lease liabilities , are unsecured.

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