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Other Reserves (Tables) | 12 Months Ended
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Dec. 31, 2022
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Summary of information about other reserves |
|  | 2022 US$m |  |  | 2021 US$m |  |  | 2020 US$m |
Other reserves |  |  |  |  |  |  |  |  |  |  |  |
Employee benefits reserve |  |  | 278 |  |  |  | 232 |  |  |  | 219 |
Foreign currency translation reserve |  |  | 796 |  |  |  | 793 |  |  |  | 793 |
Hedging reserve 1 |  |  | (586) |  |  |  | (400) |  |  |  | (71) |
Distributable profits reserve 2 |  |  | 3,541 |  |  |  | 58 |  |  |  | 462 |
Other reserves |  |  | 2 |  |  |  | - |  |  |  | - |
|  |  | 4,031 |  |  |  | 683 |  |  |  | 1,403 |
1. | The portion of the hedging reserve relating to settled hedges is $226 million.
2. | For the year ended 31 December 2022, the Group transferred $5,553 million of retained earnings to the distributable profits reserve. The increase was offset by the 2022 interim dividend of $2,070 million which was paid on 6 October 2022.

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