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Employee benefits, restructuring and post-retirement employee benefits provisions (Tables)
 12 Months Ended
Jun. 30, 2024
Text block 1 [Abstract]  
Summary of Employee Benefits, Restructuring and Post-retirement Employee Benefits Provisions
    
2024
      2023  
    
US$M
      US$M  
Employee benefits
1
   
 
1,698
 
      1,749  
Restructuring
2
   
 
45
 
      28  
Post-retirement employee benefits
3
   
 
300
 
      373  
  
 
 
     
 
 
  
Total provisions
   
 
2,043
 
      2,150  
  
 
 
     
 
 
  
Comprising:
      
Current
   
 
1,677
 
      1,734  
Non-current
   
 
366
 
      416  
Summary of Reconciliation of Employee Benefits Restructuring and Postretirement Employee Benefits
2024
   
Employee
benefits
    
Restructuring
    
Post-
retirement
employee
benefits
3
    
Total
  
    
US$M
    
US$M
    
US$M
    
US$M
  
At the beginning of the financial year
   
 
1,749
 
  
 
28
 
  
 
373
 
  
 
2,150
 
Charge/(credit) for the year:
         
Underlying
   
 
1,375
 
  
 
55
 
  
 
65
 
  
 
1,495
 
Discounting
   
 
–
 
  
 
–
 
  
 
21
 
  
 
21
 
Yield on defined benefit scheme assets
   
 
–
 
  
 
–
 
  
 
(4
) 
  
 
(4
) 
Exchange variations
   
 
(21
) 
  
 
–
 
  
 
(45
) 
  
 
(66
) 
Released during the year
   
 
(98
) 
  
 
(10
) 
  
 
(1
) 
  
 
(109
) 
Remeasurement gains taken to retained earnings
   
 
–
 
  
 
–
 
  
 
(41
) 
  
 
(41
) 
Utilisation
   
 
(1,268
) 
  
 
(27
) 
  
 
(68
) 
  
 
(1,363
) 
Divestment of subsidiaries and operations
4
   
 
(39
) 
  
 
–
 
  
 
–
 
  
 
(39
) 
Transfers and other movements
   
 
–
 
  
 
(1
) 
  
 
–
 
  
 
(1
) 
  
 
 
    
 
 
    
 
 
    
 
 
  
At the end of the financial year
   
 
1,698
 
  
 
45
 
  
 
300
 
  
 
2,043
 
  
 
 
    
 
 
    
 
 
    
 
 
  
 
1
 
The expenditure associated with total employee benefits will occur in a pattern consistent with when employees choose to exercise their entitlement to benefits.
 
2
 
Total restructuring provisions include provisions for terminations and office closures.
 
3
 
The net liability recognised in the Consolidated Balance Sheet includes US$142 million present value of funded defined benefits pension obligation (2023: US$151 million) offset by fair value of defined benefit scheme assets US$(147) million (2023: US$(159) million), US$63 million present value of unfunded defined pension and post-retirement medical benefits obligation (2023: US$79 million) and US$242 million unfunded post-employment benefits obligation in Chile (2023: US$302 million).
 
4
 
Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024. Refer to note 3 ‘Exceptional items’ for more information.