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Net finance costs (Tables)
 12 Months Ended
Jun. 30, 2024
Text block 1 [Abstract]  
Summary of Net Finance Costs
    
2024
     2023     2022  
    
US$M
     US$M     US$M  
Financial expenses
               
Interest expense using the effective interest rate method:
       
Interest on bank loans, overdrafts and all other borrowings
   
 
1,467
 
     997       491  
Interest capitalised at 6.82% (2023: 5.71%; 2022: 2.90%)
1
   
 
(530
) 
     (271 )      (113 ) 
Interest on lease liabilities
   
 
181
 
     130       119  
Discounting on provisions and other liabilities
   
 
1,064
 
     1,293       645  
Other gains and losses:
       
Fair value change on hedged loans
   
 
(214
) 
     (803 )      (1,286 ) 
Fair value change on hedging derivatives
   
 
188
 
     691       1,277  
Exchange variations on net debt
   
 
27
 
     9       (99 ) 
Other
   
 
15
 
     14       16  
  
 
 
    
 
 
    
 
 
  
Total financial expenses
   
 
2,198
 
     2,060       1,050  
  
 
 
    
 
 
    
 
 
  
Financial income
       
Interest income
   
 
(709
) 
     (529 )      (81 ) 
  
 
 
    
 
 
    
 
 
  
Net finance costs
   
 
1,489
 
     1,531       969  
  
 
 
    
 
 
    
 
 
  
 
1
 
Interest has been capitalised at the rate of interest applicable to the specific borrowings financing the assets under construction or, where financed through general borrowings, at a capitalisation rate representing the average interest rate on such borrowings. Tax relief for capitalised interest is approximately US$159 million (2023: US$81 million; 2022: US$34 million).