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Employee benefits, restructuring and post-retirement employee benefits provisions (Tables)
 12 Months Ended
Jun. 30, 2022
Text block [abstract]  
Summary of Employee Benefits, Restructuring and Post-retirement Employee Benefits Provisions
 
 
  
2022
 
  
2021
 
 
  
US$M
 
  
US$M
 
Employee benefits
1
   
 
1,351
 
      1,624  
Restructuring
2
   
 
27
 
      54  
Post-retirement employee benefits
3
   
 
281
 
      534  
    
 
 
     
 
 
  
Total provisions
   
 
1,659
 
      2,212  
    
 
 
     
 
 
  
Comprising:
                  
Current
   
 
1,319
 
      1,606  
Non-current
   
 
340
 
      606  
Summary of Reconciliation of Employee Benefits Restructuring and Postretirement Employee Benefits
 
2022
  
Employee
benefits
 
 
Restructuring
 
 
Post-
retirement
employee
benefits
3
 
 
Total
 
 
  
US$M
 
 
US$M
 
 
US$M
 
 
US$M
 
At the beginning of the financial year
   
 
1,624
 
   
 
54
 
   
 
534
 
   
 
2,212
 
Charge/(credit) for the year:
                                    
Underlying
   
 
1,424
 
   
 
24
 
   
 
78
 
   
 
1,526
 
Discounting
   
 
–
 
   
 
–
 
   
 
30
 
   
 
30
 
Net interest expense
   
 
–
 
   
 
–
 
   
 
(9
)
   
 
(9
)
 
Exchange variations
   
 
(131
)
   
 
(1
)
 
   
 
(51
)
   
 
(183
)
Released during the year
   
 
(58
)
   
 
(2
)
   
 
(2
)
   
 
(62
)
Remeasurement gains taken to retained earnings
   
 
–
 
   
 
–
 
   
 
(24
)
   
 
(24
)
Utilisation
   
 
(1,381
)
 
   
 
(43
)
   
 
(58
)
   
 
(1,482
)
Divestment and demerger of subsidiaries and operations
  
 
(128
)
   
 
(6
)
   
 
(217
)
 
   
 
(351
)
Transfers and other movements
   
 
1
 
   
 
1
 
   
 
–
 
   
 
2
 
    
 
 
     
 
 
     
 
 
     
 
 
  
At the end of the financial year
   
 
1,351
 
   
 
27
 
   
 
281
 
   
 
1,659
 
    
 
 
     
 
 
     
 
 
     
 
 
  
 
1
The expenditure associated with total employee benefits will occur in a pattern consistent with when employees choose to exercise their entitlement to benefits.
 
2
Total restructuring provisions include provisions for terminations and office closures.
 
3
The net liability recognised in the Consolidated Balance Sheet includes US$165 million present value of funded defined benefits pension obligation (2021: US$377 million) offset by fair value of defined benefit scheme assets US$(169) million (2021: US$(398) million), US$85 million present value of unfunded defined pension and post-retirement medical benefits obligation (2021: US$321 million) and US$200 million unfunded post-employment benefits obligation in Chile (2021: US$234 million).