XML 180 R66.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Text block 1 [Abstract] |
Summary of Movements in Lease Liabilities | Movements in the Group’s lease liabilities during the year are as follows:
|  | 2024 |  |  | 2023 |
|  | US$M |  |  | US$M |
At the beginning of the financial year |  |  | 3,019 |  |  |  | 2,576 |
Additions |  |  | 593 |  |  |  | 542 |
Acquisition of subsidiaries and operations 1 |  |  | – |  |  |  | 423 |
Remeasurements of index-linked freight contracts |  |  | 230 |  |  |  | 53 |
Lease payments |  |  | (837 | ) |  |  | (706 | )
Foreign exchange movement |  |  | (16 | ) |  |  | 12 |
Amortisation of discounting |  |  | 181 |  |  |  | 130 |
Divestment of subsidiaries and operations 2 |  |  | (60 | ) |  |  | – |
Transfers and other movements |  |  | 6 |  |  |  | (11 | )
At the end of the financial year |  |  | 3,116 |  |  |  | 3,019 |
Comprising: |  |  |  |  |  |  |  |
Current liabilities |  |  | 686 |  |  |  | 521 |
Non-current liabilities |  |  | 2,430 |  |  |  | 2,498 |
1 | Relates to the acquisition of OZL on 2 May 2023. Refer to note 29 ‘Business combinations’ for more information.
2 | Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024. Refer to note 3 ‘Exceptional items’ for more information.
Summary of Maturity Profile of Lease Liabilities | The maturity profile of lease liabilities based on the undiscounted contractual amounts is as follows:
Lease liability |  | 2024 |  |  | 2023 |
|  | US$M |  |  | US$M |
Due for payment: |  |  |  |  |  |  |  |
In one year or less or on demand |  |  | 836 |  |  |  | 658 |
In more than one year but not more than two years |  |  | 591 |  |  |  | 538 |
In more than two years but not more than five years |  |  | 1,012 |  |  |  | 1,031 |
In more than five years 1 |  |  | 1,761 |  |  |  | 1,846 |
Total |  |  | 4,200 |  |  |  | 4,073 |
Carrying amount |  |  | 3,116 |  |  |  | 3,019 |
1 | Includes US$738 million (2023: US$808 million) due for payment in more than ten years.
Summary of Movements in Right of Use Assets | Movements in the Group’s right-of-use assets during the year are as follows:
|  | 2024 |  |  | 2023 |
|  | Land and buildings |  |  | Plant and equipment |  |  | Total |  |  | Land and buildings |  |  | Plant and equipment |  |  | Total |
|  | US$M |  |  | US$M |  |  | US$M |  |  | US$M |  |  | US$M |  |  | US$M |
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At the beginning of the financial year |  |  | 573 |  |  |  | 2,236 |  |  |  | 2,809 |  |  |  | 452 |  |  |  | 1,909 |  |  |  | 2,361 |
Additions |  |  | 26 |  |  |  | 567 |  |  |  | 593 |  |  |  | 192 |  |  |  | 350 |  |  |  | 542 |
Acquisition of subsidiaries and operations |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 423 |  |  |  | 423 |
Remeasurements of index-linked freight contracts |  |  | – |  |  |  | 230 |  |  |  | 230 |  |  |  | – |  |  |  | 53 |  |  |  | 53 |
Depreciation expensed during the period |  |  | (79 | ) |  |  | (638 | ) |  |  | (717 | ) |  |  | (71 | ) |  |  | (462 | ) |  |  | (533 | )
Impairments for the year |  |  | – |  |  |  | (140 | ) |  |  | (140 | ) |  |  | – |  |  |  | – |  |  |  | – |
Divestment of subsidiaries and operations 1 |  |  | (30 | ) |  |  | (40 | ) |  |  | (70 | ) |  |  | – |  |  |  | – |  |  |  | – |
Transfers and other movements |  |  | – |  |  |  | 3 |  |  |  | 3 |  |  |  | – |  |  |  | (37 | ) |  |  | (37 | )
At the end of the financial year |  |  | 490 |  |  |  | 2,218 |  |  |  | 2,708 |  |  |  | 573 |  |  |  | 2,236 |  |  |  | 2,809 |
– Cost |  |  | 742 |  |  |  | 4,479 |  |  |  | 5,221 |  |  |  | 758 |  |  |  | 4,088 |  |  |  | 4,846 |
– Accumulated depreciation and impairments |  |  | (252 | ) |  |  | (2,261 | ) |  |  | (2,513 | ) |  |  | (185 | ) |  |  | (1,852 | ) |  |  | (2,037 | )
1 | Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024. Refer to note 3 ‘Exceptional items’ for more information.
Summary of Amounts Recorded in Income Statement and Cash Flow Statements | Amounts recorded in the income statement and the cash flow statement for the year were:
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | Included within
|  | US$M |  |  | US$M |  |  | US$M |  |  |
Income statement |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of right-of-use assets |  |  | 717 |  |  |  | 533 |  |  |  | 964 |  |  | Profit from operations
Short-term, low-value and variable lease costs 1 |  |  | 916 |  |  |  | 795 |  |  |  | 847 |  |  | Profit from operations
Interest on lease liabilities |  |  | 181 |  |  |  | 130 |  |  |  | 119 |  |  | Financial expenses
Cash flow statement |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal lease payments |  |  | 656 |  |  |  | 576 |  |  |  | 1,130 |  |  | Cash flows from financing activities
Lease interest payments |  |  | 181 |  |  |  | 130 |  |  |  | 119 |  |  | Cash flows from operating activities
1 | Relates to US$792 million of variable lease costs (2023: US$714 million; 2022: US$585 million), US$96 million of short-term lease costs (2023: US$47 million; 2022: US$222 million) and US$28 million of low-value lease costs (2023: US$34 million; 2022: US$40 million). Variable lease costs include contracts for hire of mining service equipment, drill rigs and transportation services. These contracts contain variable lease payments based on usage and asset performance.

X
- Definition Schedule Of Movements In Lease Liabilities. + References No definition available. + Details
Name: | bhp_DisclosureOfDetailedInformationAboutMovementsInLeaseLiabilitiesTableTextBlock
Namespace Prefix: | bhp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about related to leases recorded in income statement and cash flow statements. + References No definition available. + Details
Name: | bhp_DisclosureOfDetailedInformationAboutRelatedToLeasesRecordedInIncomeStatementAndCashFlowStatementsTextBlock
Namespace Prefix: | bhp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of maturity analysis of lease liabilities. + References No definition available. + Details
Name: | bhp_DisclosureOfMaturityAnalysisOfLeaseLiabilitiesTextBlock
Namespace Prefix: | bhp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block. + References No definition available. + Details
Name: | bhp_TextBlock1Abstract
Namespace Prefix: | bhp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2023-01-01 -Paragraph 53 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&anchor=para_53&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration