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Contingent Liabilities and Assets | 12 Months Ended
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Dec. 31, 2022
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Contingent liabilities and assets |
E.1 |  | Contingent liabilities and assets
|  | 2022 US$m |  |  | 2021 US$m
Contingent liabilities at reporting date |  |  |  |  |  |  |  |
Contingent liabilities |  |  | 161 |  |  |  | 195 |
Guarantees |  |  | 2 |  |  |  | 7 |
|  |  | 163 |  |  |  | 202 |
Contingent liabilities relate predominantly to possible obligations whose existence will only be confirmed by the occurrence or non-occurrence of uncertain future events, and therefore the Group has not provided for such amounts in these financial statements. Additionally, there are a number of other claims and possible claims that have arisen in the course of business against entities in the Group, the outcome of which cannot be estimated at present and for which no amounts have been included in the table above. The Group has contingent assets of $199 million as at 31 December 2022 (2021: nil) .

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- Definition The entire disclosure for other provisions, contingent liabilities and contingent assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 37 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=37&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS37_g84-92__IAS37_g84-92_TI -URIDate 2022-03-24 + Details
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- Definition Text block. + References No definition available. + Details
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