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Employee share ownership plans (Tables) | 12 Months Ended
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Jun. 30, 2024
Text block 1 [Abstract] |
Summary of Description of Plans | The table below provides a description of each of the plans .
Plan |  | CDP |  | LTIP and MAP |  | Shareplus
Type |  | Short-term incentive |  | Long-term incentive |  | All-employee share purchase plan
Overview |  | The CDP is a plan for Executive KMP and members of the Executive Leadership Team who are not Executive KMP. Generally under the CDP, two thirds of the value of a participant’s short-term incentive amount is awarded as rights to receive BHP Group Limited shares at the end of the vesting period (and the remaining one third is delivered in cash). Two awards of deferred shares are granted, each of the equivalent value to the cash award, vesting between two and five years respectively. Awards of deferred shares may also be granted to members of the Executive Leadership Team as additional retention awards with vesting periods of up to five years. |  | The LTIP is a plan for Executive KMP and members of the Executive Leadership Team who are not Executive KMP, and awards are granted annually. The MAP is a plan for BHP senior management who are not Executive KMP. The number of share rights awarded is determined by a participant’s role and grade. |  | Employees may contribute up to US$5,000 to acquire shares in any plan year. On the third anniversary of the start of a plan year, the Group will match the number of acquired shares.
Vesting conditions |  | Service conditions only for the two-year award. Vesting of the four-year awards are subject to service and individual performance conditions. Vesting of the five-year awards are subject to service conditions and also to a holistic review of performance at the end of the five-year vesting period, including a five-year view on Safety and Sustainability performance, profitability, cash flow, balance sheet health, returns to shareholders, corporate governance and conduct. |  | LTIP: Service and performance conditions. From FY2023 BHP’s Total Shareholder Return 1 (TSR) performance relative to two Morgan Stanley Capital International (MSCI) market indices, the MSCI World Metals and Mining Index (“Sector Group TSR”) and the MSCI World Index (“World TSR”). The Sector Group TSR over a five-year performance period determines the vesting of 67 per cent of the awards, while performance relative to the World TSR determines the vesting of 33 per cent of the awards. For awards granted prior to FY2023, TSR performance relative to a bespoke sector peer group and the MSCI World Index determines the vesting of 67 per cent and 33 per cent of the award, respectively. 25 per cent of the award will vest where BHP’s TSR is equal to the median TSR of the relevant comparator group(s), as measured over the performance period. Where TSR is below the median, awards will not vest. Vesting occurs on a sliding scale when BHP’s TSR measured over the performance period is between the median TSR of the relevant comparator group(s) up to a nominated level of TSR outperformance over the relevant comparator group(s), as determined by the Committee, above which 100 per cent of the award will vest. MAP: Service conditions only. |  | Service conditions only.
Vesting period |  | Between 2 and 5 years |  | LTIP – 5 years MAP – 1 to 5 years |  | 3 years
Dividend Equivalent Payment |  | Yes |  | LTIP – Yes MAP – Varies |  | No
Exercise period |  | None |  | None |  | None
1 | For LTIP awards granted prior to unification and where the five-year performance period ends after unification, the TSR at the start of the performance period is based on the weighted average of the TSRs of BHP Group Limited and BHP Group Plc and the TSR at the end of the performance period is based on the TSR of BHP Group Limited.
Summary of Employee Share Awards | Employee share awards
2024 |  | Number of awards at the beginning of the financial year |  |  | Number of awards issued during the year |  |  | Number of awards vested and exercised |  |  | Number of awards lapsed |  |  | Number of awards at the end of the financial year |  |  | Weighted average remaining contractual life (years) |  |  | Weighted average share price at exercise date |
CDP awards |  |  | 968,581 |  |  |  | 532,680 |  |  |  | 219,701 |  |  |  | 70,071 |  |  |  | 1,211,489 |  |  |  | 2.1 |  |  |  | A$43.02 |
LTIP awards |  |  | 2,558,796 |  |  |  | 564,431 |  |  |  | 520,443 |  |  |  | 177,078 |  |  |  | 2,425,706 |  |  |  | 2.2 |  |  |  | A$43.02 |
MAP awards 1 |  |  | 6,653,726 |  |  |  | 2,515,913 |  |  |  | 2,626,587 |  |  |  | 555,855 |  |  |  | 5,987,197 |  |  |  | 1.2 |  |  |  | A$43.33 |
Shareplus |  |  | 5,123,851 |  |  |  | 2,457,307 |  |  |  | 2,460,834 |  |  |  | 607,438 |  |  |  | 4,512,886 |  |  |  | 1.2 |  |  |  | A$44.35 |
1 | There were 75,457 awards vested and exercisable at the end of the financial year.
Summary of Fair Value and Assumptions in the Calculation of Fair Value for Awards Issued | Fair value and assumptions in the calculation of fair value for awards issued
2024 |  | Weighted average fair value of awards granted during the year US$ |  |  | Risk-free interest rate |  |  | Estimated life of awards |  |  | Share price at grant date |  |  | Estimated volatility of share price |  |  | Dividend yield
CDP awards 1 |  |  | 29.71 |  |  |  | n/a |  |  |  | 2-5 years |  |  |  | A$44.70/A$42.75 |  |  |  | n/a |  |  | n/a
LTIP awards |  |  | 19.51 |  |  |  | 4.23 | % |  |  | 5 years |  |  |  | A$44.70 |  |  |  | 33.61 | % |  | n/a
MAP awards 2 |  |  | 23.95 |  |  |  | n/a |  |  |  | 1-5 years |  |  |  | A$43.49/A$47.74/A$45.52/A$42.75 |  |  |  | n/a |  |  | 5.21%/5.60%/7.44%
Shareplus |  |  | 24.40 |  |  |  | n/a |  |  |  | 3 years |  |  |  | A$47.23 |  |  |  | n/a |  |  | 7.41%
1 | Includes CDP awards granted on 8 December 2023 and 20 June 2024.
2 | Includes MAP awards granted on 27 September 2023, 8 December 2023, 12 April 2024 and 20 June 2024.

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_a&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of the general terms and conditions of share-based payment arrangements. [Refer: Share-based payment arrangements [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45&doctype=Standard -URIDate 2023-03-23 + Details
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