XML 163 R49.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Provisions (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Provision for dividends and other liabilities [member] |
Statement [Line Items] |
Summary of Provisions | The disclosure below excludes closure and rehabilitation provisions (refer to note 15 ‘Closure and rehabilitation provisions’), employee benefits, restructuring and post-retirement employee benefits provisions (refer to note 27 ‘Employee benefits, restructuring and post-retirement employee benefits provisions’) and provision related to the Samarco dam failure (refer to note 4 ‘Significant events – Samarco dam failure’).
|  | 2024 |  |  | 2023 |
|  | US$M |  |  | US$M |
At the beginning of the financial year |  |  | 769 |  |  |  | 674 |
Acquisition of subsidiaries and operations 1 |  |  | – |  |  |  | 61 |
Dividends determined |  |  | 7,712 |  |  |  | 13,420 |
Charge/(credit) for the year: |  |  |  |  |  |  |  |
Underlying |  |  | 180 |  |  |  | 156 |
Discounting |  |  | 2 |  |  |  | 2 |
Exchange variations |  |  | (42 | ) |  |  | (161 | )
Released during the year |  |  | (120 | ) |  |  | (62 | )
Utilisation |  |  | (92 | ) |  |  | (35 | )
Dividends paid |  |  | (7,675 | ) |  |  | (13,268 | )
Transfers and other movements |  |  | (24 | ) |  |  | (18 | )
At the end of the financial year |  |  | 710 |  |  |  | 769 |
Comprising: |  |  |  |  |  |  |  |
Current |  |  | 220 |  |  |  | 384 |
Non-current |  |  | 490 |  |  |  | 385 |
1 | Relates to the acquisition of OZL on 2 May 2023. Refer to note 29 ‘Business combinations’ for more information.
Samarco dam failure [member] |
Statement [Line Items] |
Summary of Financial Impacts of Samarco Dam Failure | The financial impacts of the Samarco dam failure on the Group’s income statement, balance sheet and cash flow statement for the year ended 30 June 2024 are shown in the tables below and have been treated as an exceptional item.
Financial impacts of Samarco dam failure |  | 2024 |  |  | 2023 |  |  | 2022 |
|  | US$M |  |  | US$M |  |  | US$M |
Income statement |  |  |  |  |  |  |  |  |  |  |  |
Expenses excluding net finance costs: |  |  |  |  |  |  |  |  |  |  |  |
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure 1 |  |  | (139 | ) |  |  | (103 | ) |  |  | (66 | )
(Loss)/profit from equity accounted investments, related impairments and expenses: |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure provision 2 |  |  | (2,833 | ) |  |  | (256 | ) |  |  | (595 | )
Fair value change on forward exchange derivatives 3 |  |  | (199 | ) |  |  | 471 |  |  |  | (81 | )
(Loss)/profit from operations |  |  | (3,171 | ) |  |  | 112 |  |  |  | (742 | )
Net finance costs 4 |  |  | (506 | ) |  |  | (452 | ) |  |  | (290 | )
Loss before taxation |  |  | (3,677 | ) |  |  | (340 | ) |  |  | (1,032 | )
Income tax (expense)/benefit 5 |  |  | (85 | ) |  |  | 17 |  |  |  | (31 | )
Loss after taxation |  |  | (3,762 | ) |  |  | (323 | ) |  |  | (1,063 | )
Balance sheet movement |  |  |  |  |  |  |  |  |  |  |  |
Other financial assets 6 |  |  | (280 | ) |  |  | 337 |  |  |  | (160 | )
Trade and other payables |  |  | (4 | ) |  |  | (6 | ) |  |  | (1 | )
Tax liabilities |  |  | (85 | ) |  |  | 17 |  |  |  | (31 | )
Provisions |  |  | (2,824 | ) |  |  | (260 | ) |  |  | (629 | )
Net (increase)/decrease in liabilities |  |  | (3,193 | ) |  |  | 88 |  |  |  | (821 | )
|  |  |  |  | 2024 |  |  |  |  |  | 2023 |  |  |  |  |  | 2022 |
|  |  |  |  | US$M |  |  |  |  |  | US$M |  |  |  |  |  | US$M |
Cash flow statement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss before taxation |  |  |  |  |  |  | (3,677 | ) |  |  |  |  |  |  | (340 | ) |  |  |  |  |  |  | (1,032 | )
Adjustments for: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure provision 2 |  |  | 2,833 |  |  |  |  |  |  |  | 256 |  |  |  |  |  |  |  | 595 |  |  |  |  |
Fair value change on forward exchange derivatives 3 |  |  | 199 |  |  |  |  |  |  |  | (471 | ) |  |  |  |  |  |  | 81 |  |  |  |  |
Proceeds of cash management related instruments |  |  | 218 |  |  |  |  |  |  |  | 134 |  |  |  |  |  |  |  | 79 |  |  |  |  |
Net finance costs 4 |  |  | 506 |  |  |  |  |  |  |  | 452 |  |  |  |  |  |  |  | 290 |  |  |  |  |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 4 |  |  |  |  |  |  |  | 6 |  |  |  |  |  |  |  | 1 |  |  |  |  |
Net operating cash flows |  |  |  |  |  |  | 83 |  |  |  |  |  |  |  | 37 |  |  |  |  |  |  |  | 14 |
Net investment and funding of equity accounted investments 7 |  |  |  |  |  |  | (640 | ) |  |  |  |  |  |  | (448 | ) |  |  |  |  |  |  | (256 | )
Net investing cash flows |  |  |  |  |  |  | (640 | ) |  |  |  |  |  |  | (448 | ) |  |  |  |  |  |  | (256 | )
Net decrease in cash and cash equivalents |  |  |  |  |  |  | (557 | ) |  |  |  |  |  |  | (411 | ) |  |  |  |  |  |  | (242 | )
1 | Includes legal and advisor costs incurred.
2 | US$3,700 million (2023: US$(33) million; 2022: US$691 million) change in estimate and US$(867) million (2023: US$289 million; 2022: US$(96) million) exchange translation.
3 | The Group enters into forward exchange contracts to limit the Brazilian reais exposure on the dam failure provision. While not applying hedge accounting, the fair value changes in the forward exchange instruments are recorded within (Loss)/profit from equity accounted investments, related impairments and expenses in the Income Statement.
4 | Amortisation of discounting of provision.
5 | Includes tax on forward exchange derivatives and other taxes incurred during the period.
6 | Includes forward exchange contracts described in item 3 above, and Senior notes issued by Samarco as part of its Judicial Reorganisation.
7 | Includes US$(515) million (2023: US$(448) million; 2022: US$(256) million) utilisation of the Samarco dam failure provision and US$(125) million provided to Samarco following approval of the Judicial Reorganisation (2023: US$ nil; 2022: US$ nil).
Summary of Provisions | Provision related to the Samarco dam failure
|  |  |  |  | 2024 |  |  |  |  |  | 2023 |
|  |  |  |  | US$M |  |  |  |  |  | US$M |
At the beginning of the financial year |  |  |  |  |  |  | 3,681 |  |  |  |  |  |  |  | 3,421 |
Movement in provision |  |  |  |  |  |  | 2,824 |  |  |  |  |  |  |  | 260 |
Comprising: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utilised |  |  | (515 | ) |  |  |  |  |  |  | (448 | ) |  |  |  |
Adjustments charged to the income statement: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in cost estimate |  |  | 3,700 |  |  |  |  |  |  |  | (33 | ) |  |  |  |
Amortisation of discounting impacting net finance costs |  |  | 506 |  |  |  |  |  |  |  | 452 |  |  |  |  |
Exchange translation |  |  | (867 | ) |  |  |  |  |  |  | 289 |  |  |  |  |
At the end of the financial year |  |  |  |  |  |  | 6,505 |  |  |  |  |  |  |  | 3,681 |
Comprising: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  | 1,500 |  |  |  |  |  |  |  | 1,876 |
Non-current |  |  |  |  |  |  | 5,005 |  |  |  |  |  |  |  | 1,805 |
At the end of the financial year |  |  |  |  |  |  | 6,505 |  |  |  |  |  |  |  | 3,681 |

X
- Definition Disclosure of financial impacts of significant events. + References No definition available. + Details
Name: | bhp_DisclosureOfFinancialImpactsOfSignificantEventsExplanatory
Namespace Prefix: | bhp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | bhp_StatementsLineItems
Namespace Prefix: | bhp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of other provisions. [Refer: Other provisions] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 37 -IssueDate 2023-01-01 -Paragraph 84 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=37&code=ifrs-tx-2023-en-r&anchor=para_84&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfOtherProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_ClassesOfProvisionsAxis=bhp_ProvisionForDividendsAndOtherLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfProvisionsAxis=bhp_SamarcoDamFailureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |