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Exceptional items (Tables) | 12 Months Ended
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Jun. 30, 2024
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 2024 |  | Gross |  |  | Tax |  |  | Net |
|  | US$M |  |  | US$M |  |  | US$M |
Exceptional items by category |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure |  |  | (3,677 | ) |  |  | (85 | ) |  |  | (3,762 | )
Impairment of Western Australia Nickel assets |  |  | (3,800 | ) |  |  | 1,125 |  |  |  | (2,675 | )
Blackwater and Daunia gain on divestment |  |  | 877 |  |  |  | (203 | ) |  |  | 674 |
Total |  |  | (6,600 | ) |  |  | 837 |  |  |  | (5,763 | )
Attributable to non-controlling interests |  |  | – |  |  |  | – |  |  |  | – |
Attributable to BHP shareholders |  |  | (6,600 | ) |  |  | 837 |  |  |  | (5,763 | )
30 June 2023
Year ended 30 June 2023 |  | Gross |  |  | Tax |  |  | Net |
|  | US$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$M |
Exceptional items by category |  |  |  |  |  |  |  |  |  |  |  |
Samarco dam failure |  |  | (1,032 | ) |  |  | (31 | ) |  |  | (1,063 | )
Impairment of US deferred tax assets |  |  | – |  |  |  | (423 | ) |  |  | (423 | )
Corporate structure unification costs |  |  | (428 | ) |  |  | – |  |  |  | (428 | )
BHP Mitsui Coal (BMC) gain on disposal |  |  | 840 |  |  |  | – |  |  |  | 840 |
Total |  |  | (620 | ) |  |  | (454 | ) |  |  | (1,074 | )
Attributable to non-controlling interests |  |  | – |  |  |  | – |  |  |  | – |
Attributable to BHP shareholders |  |  | (620 | ) |  |  | (454 | ) |  |  | (1,074 | )
Summary of Gain on Divestment | Details of the gain on divestment is as follows:
|  | US$M |
Assets |  |  |  |
Inventories |  |  | 113 |
Property, plant and equipment |  |  | 1,453 |
Intangible assets |  |  | 45 |
Other |  |  | 3 |
Total assets |  |  | 1,614 |
Liabilities |  |  |  |
Interest bearing liabilities |  |  | 60 |
Other financial liabilities |  |  | 43 |
Provisions |  |  | 691 |
Total liabilities |  |  | 794 |
Net assets disposed |  |  | 820 |
Cash consideration – BHP share |  |  | 1,072 |
Deferred and contingent consideration 1 |  |  | 690 |
Transaction and other directly attributable costs |  |  | (65 | )
Income tax expense |  |  | (203 | )
Gain on divestment |  |  | 674 |
1 | Includes the fair value of contingent payments based on 35% revenue share to BMA, subject to average realised prices achieved by the Assets exceeding thresholds of US$159/tonne in the 12 month period 12 months post completion, US$134/tonne in the 12 month period 24 months post completion and US$134/tonne in the 12 month period 36 months post completion.
Details of the gain on disposal is as follows: |  | US$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$3,762 million (after tax) relates to the Samarco dam failure, which occurred in November 2015, and comprises the following:
Year ended 30 June 2024 |  | US$M |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure |  |  | (139 | )
(Loss)/profit from equity accounted investments, related impairments and expenses: |  |  |  |
Samarco dam failure provision |  |  | (2,833 | )
Fair value change on forward exchange derivatives |  |  | (199 | )
Net finance costs |  |  | (506 | )
Income tax expense |  |  | (85 | )
Total 1 |  |  | (3,762 | )
1 | Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The loss of US$323 million (after tax) related to the Samarco dam failure, which occurred in November 2015, and comprised the following:
Year ended 30 June 2023 |  | US$M |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure |  |  | (103 | )
(Loss)/profit 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$1,063 million (after tax) related to the Samarco dam failure, which occurred in November 2015, and comprises the following:
Year ended 30 June 2022 |  | US$M |
Expenses excluding net finance costs: |  |  |  |
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure |  |  | (66 | )
(Loss)/profit from equity accounted investments, related impairments and expenses: |  |  |  |
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.

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