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Exceptional items (Tables)
 12 Months Ended
Jun. 30, 2023
Statement [Line Items]  
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 impact 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 28 ‘Discontinued operations’.
 
Year ended 30 June 2023
   
Gross
    
Tax
    
Net
  
    
US$M
    
US$M
    
US$M
  
Exceptional items by category
                         
Samarco dam failure
     
(340
)
 		    
17
      
(323
)
 
Chilean tax reform
     
–
      
(283
)
 		    
(283
)
 
    
 
 
    
 
 
    
 
 
  
Total
     
(340
)
 		    
(266
)
 		    
(606
)
 
    
 
 
    
 
 
    
 
 
  
Attributable to
non-controlling
interests
     
–
      
(107
)
 		    
(107
)
 
Attributable to BHP shareholders
     
(340
)
 		    
(159
)
 		    
(499
)
 
    
 
 
    
 
 
    
 
 
  
30 June 2022
 
Year ended 30 June 2022
    Gross     Tax     Net  
     US$M     US$M     US$M  
Exceptional items by category
                         
Samarco dam failure
      (1,032 )      (31 )      (1,063 ) 
Impairment of US deferred tax assets
      –       (423 )      (423 ) 
Corporate structure unification costs
      (428 )      –       (428 ) 
BHP Mitsui Coal (BMC) gain on disposal
      840       –       840  
    
 
 
    
 
 
    
 
 
  
Total
      (620 )      (454 )      (1,074 ) 
    
 
 
    
 
 
    
 
 
  
Attributable to
non-controlling
interests
      –       –       –  
Attributable to BHP shareholders
      (620 )      (454 )      (1,074 ) 
    
 
 
    
 
 
    
 
 
  
30 June 2021
 
Year ended 30 June 2021
    Gross     Tax     Net  
     US$M     US$M     US$M  
Exceptional items by category
                         
Samarco dam failure
      (1,087 )      (71 )      (1,158 ) 
COVID-19
related costs
      (499 )      138       (361 ) 
Impairment of Energy coal assets
      (1,523 )      (651 )      (2,174 ) 
Impairment of Potash assets
      (1,314 )      (473 )      (1,787 ) 
    
 
 
    
 
 
    
 
 
  
Total
      (4,423 )      (1,057 )      (5,480 ) 
    
 
 
    
 
 
    
 
 
  
Attributable to
non-controlling
interests
      (34 )      10       (24 ) 
Attributable to BHP shareholders
      (4,389 )      (1,067 )      (5,456 ) 
    
 
 
    
 
 
    
 
 
  
Summary of Gain on Disposal
Details of the gain on disposal is as follows:
    US$M  
BHP share of net assets disposed
      631  
    
 
 
  
Gross consideration
      1,318  
Transaction and other directly applicable costs
      (69 ) 
Income tax expense
      –  
Deferred consideration
      222  
    
 
 
  
Gain on disposal
      840  
    
 
 
  
Samarco dam failure [member]  
Statement [Line Items]  
Summary of Exceptional Items
The
loss of US$
323
 million (after tax) relates to the Samarco dam failure, which occurred in November 2015, and comprises the following:
 
Year ended 30 June 2023
   
US$M
  
Other income
     
–
  
Expenses excluding net finance costs:
         
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
     
(103
)
 
Profit/(loss) from equity accounted investments, related impairments and expenses:
         
Samarco dam failure provision
   
 
(256
) 
Fair value change on forward exchange derivatives
   
 
471
 
Net finance costs
   
 
(452
) 
Income tax benefit
   
 
17
 
    
 
 
  
Total
1
   
 
(323
) 
    
 
 
  
 
1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The loss of US$1,063 million related to the Samarco dam failure, which occurred in November 2015, and comprises the following:
 
Year ended 30 June 2022
    US$M  
Other income
      –  
Expenses excluding net finance costs:
         
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
      (66 ) 
Profit/(loss) from equity accounted investments, related impairments and expenses:
         
Samarco impairment expense
      –  
Samarco dam failure provision
      (595 ) 
Fair value change on forward exchange derivatives
      (81 ) 
Net finance costs
      (290 ) 
Income tax expense
      (31 ) 
    
 
 
  
Total
1
      (1,063 ) 
    
 
 
  
 
1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The loss of US$1,158 million related to the Samarco dam failure, which occurred in November 2015, and comprises the following:
 
Year ended 30 June 2021
    US$M  
Other income
      34  
Expenses excluding net finance costs:
         
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
      (46 ) 
Profit/(loss) from equity accounted investments, related impairments and expenses:
         
Samarco impairment expense
      (111 ) 
Samarco dam failure provision
      (1,015 ) 
Fair value change on forward exchange derivatives
      136  
Net finance costs
      (85 ) 
Income tax expense
      (71 ) 
    
 
 
  
Total
1
      (1,158 ) 
    
 
 
  



1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.