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Other equity (Tables)
 12 Months Ended
Jun. 30, 2024
Text block 1 [Abstract]  
Summary of Reserves
    
2024
     2023     2022    
Recognition and measurement
    
US$M
     US$M     US$M      
Common control reserve
   
 
(1,603
) 
     (1,603 )      (1,603 )    The common control reserve arose on unification of the Group’s corporate structure and represents the residual on consolidation between BHP Group Ltd’s investment in BHP Group Plc (now known as BHP Group (UK) Ltd) and BHP Group Plc’s share capital, share premium and capital redemption reserve at the time of unification.
Employee share awards reserve
   
 
166
 
     171       174    
The employee share awards reserve represents the accrued employee entitlements to share awards that have been charged to the income statement and have not yet been exercised.
Once exercised, the difference between the accumulated fair value of the awards and their historical
on-market
purchase price is recognised in retained earnings.
Cash flow hedge reserve
   
 
27
 
     10       41     The cash flow hedge reserve represents hedging gains and losses recognised on the effective portion of cash flow hedges. The cumulative deferred gain or loss on the hedge is recognised in the income statement when the hedged transaction impacts the income statement, or is recognised as an adjustment to the cost of
non-financial
hedged items. The hedging reserve records the portion of the gain or loss on a hedging instrument in a cash flow hedge that is determined to be an effective hedge relationship.
Cost of hedging reserve
   
 
(7
) 
     (1 )      (19 )    The cost of hedging reserve represents the recognition of certain costs of hedging for example, basis adjustments, which have been excluded from the hedging relationship and deferred in other comprehensive income until the hedged transaction impacts the income statement.
Foreign currency translation reserve
   
 
(14
) 
     (14 )      (14 )    The foreign currency translation reserve represents exchange differences arising from the translation of
non-US
dollar functional currency operations within the Group into US dollars.
Equity investments reserve
   
 
(21
) 
     9       (8 )    The equity investment reserve represents the revaluation of investments in shares recognised through other comprehensive income. Where a revalued financial asset is sold, the relevant portion of the reserve is transferred to retained earnings.
Non-controlling
interest contribution reserve
   
 
1,437
 
     1,441       1,441     The
non-controlling
interest contribution reserve represents the excess of consideration received over the book value of net assets attributable to equity instruments when acquired by
non-controlling
interests.
  
 
 
    
 
 
    
 
 
    
Total reserves
   
 
(15
) 
     13       12    
  
 
 
    
 
 
    
 
 
    
Summary of Financial Information Relating to Subsidiaries with Non-controlling Interests
Summarised financial information relating to each of the Group’s subsidiaries with
non-controlling
interests (NCI) that are significant to the Group is shown below:
 
 
  
2024
 
  
2023
 
US$M
  
Minera
Escondida
Limitada
 
 
Other
individually
immaterial
subsidiaries
 
 
Total
 
  
Minera
Escondida
Limitada
 
 
Other
individually
immaterial
subsidiaries
 
  
Total
 
Group share (per cent)
   
 
57.5
 
  
 
 
  
 
  
 
      57.5       
  
 
 
           
 
 
       
Current assets
   
 
3,683
 
  
 
  
 
  
 
  
 
      3,144       
Non-current
assets
   
 
12,639
 
  
 
  
 
  
 
  
 
      12,160       
Current liabilities
   
 
(2,484
) 
  
 
  
 
  
 
  
 
      (1,598 )      
Non-current
liabilities
   
 
(4,989
) 
  
 
  
 
  
 
  
 
      (5,413 )      
  
 
 
             
 
 
       
Net assets
   
 
8,849
 
  
 
  
 
  
 
  
 
      8,293       
  
 
 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Net assets attributable to NCI
   
 
3,761
 
    
548
      
4,309
        3,525       509        4,034  
  
 
 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Revenue
   
 
10,013
 
  
 
  
 
  
 
  
 
      8,847       
Profit after taxation
   
 
2,894
 
  
 
  
 
  
 
  
 
      2,365       
Other comprehensive income
   
 
13
 
  
 
  
 
  
 
  
 
      (8 )      
  
 
 
             
 
 
       
Total comprehensive income
   
 
2,907
 
  
 
  
 
  
 
  
 
      2,357       
  
 
 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Profit after taxation attributable to NCI
   
 
1,230
 
    
474
      
1,704
        1,005       398        1,403  
Other comprehensive income attributable to NCI
   
 
6
 
    
(2
)
 		    
4
        (3 )      –        (3 ) 
  
 
 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Net operating cash flow
   
 
4,180
 
  
 
  
 
  
 
  
 
      3,168       
Net investing cash flow
   
 
(1,806
) 
  
 
  
 
  
 
  
 
      (1,351 )      
Net financing cash flow
   
 
(2,415
) 
  
 
  
 
  
 
  
 
      (1,620 )      
  
 
 
    
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Dividends paid to NCI
   
 
993
 
    
431
      
1,424
        712       463        1,175