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Segment Assets and Liabilities
12 Months Ended
Dec. 31, 2023
Text Block [abstract]  
Segment assets and liabilities
D.1
 
Segment assets and liabilities
 
 
  
2023
   US$m
 
  
2022
US$m
 
 
 
(a) Segment assets
                 
Australia
  
 
31,602
 
  
 
31,240
 
International
  
 
17,923
 
  
 
   18,084
 
Marketing
1
  
 
835
 
  
 
182
 
Corporate/Other
1
  
 
5,001
 
  
 
9,815
 
 
 
    
 
55,361
 
  
 
59,321
 
 
 

 
 
 
 
 
 
 
 
 
    
2023
   US$m
    
2022
US$m
 
 
 
(b) Segment liabilities
                 
Australia
2
  
 
7,833
 
  
 
7,552
 
International
  
 
2,624
 
  
 
2,677
 
Marketing
1
  
 
751
 
  
 
561
 
Corporate/Other
1,2
  
 
8,983
 
  
 
11,404
 
 
 
    
 
20,191
 
  
 
   22,194
 
 
 
 
1.
In 2023, certain shipping activities are now undertaken by the Marketing segment. As a result of this change, $539 million of lease assets and $677 million of lease liabilities are now reported within the Marketing segment as at 31 December 2023. The impact of this change on revenue and expenses is not material.
2.
2022 comparatives have been revised to reflect the appropriate allocation of intercompany liabilities between Australia and Corporate/Other segments post-merger. As a result of this change, $552 million has been reclassified to the Corporate/Other segment.
Refer to Note A.1 for descriptions of the Group’s segments. Corporate/Other assets mainly comprise cash and cash equivalents, deferred tax assets and lease assets. Corporate/Other liabilities mainly comprise interest-bearing liabilities, deferred tax liabilities and lease liabilities.