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Cash and Cash Equivalents (Tables)
12 Months Ended
Dec. 31, 2023
Cash and cash equivalents [abstract]  
Summary of Information about Cash and cash equivalents
 
 
 
 
 
 
 
 
 
   
2023
    US$m
   
2022
    US$m
 
 
 
Cash and cash equivalents
               
Cash at bank
 
 
1,198
 
 
 
1,222
 
Term deposits
 
 
542
 
 
 
4,967
 
Restricted cash
 
 
-
 
 
 
12
 
 
 
Total cash and cash equivalents
 
 
1,740
 
 
 
6,201
 
 
 
Summary of Group's cash and cash equivalents by currency
Recognition and measurement
Cash and cash equivalents in the consolidated statement of financial position comprise cash at bank and short-term deposits with an original maturity of three months or less. Cash and cash equivalents are stated at face value in the consolidated statement of financial position. There are no cash and cash equivalents (2022:
$12 million) restricted by legal or contractual arrangements.
Foreign exchange risk
The following table summarises the Group’s cash and cash equivalents by currency.
 
 
 
 
 
 
 
 
 
 
   
2023
    US$m
   
2022
    US$m
 
 
 
US dollar
 
 
1,480
 
 
 
5,886
 
Australian dollar
 
 
112
 
 
 
182
 
Other
 
 
148
 
 
 
133
 
 
 
Total cash and cash equivalents
 
 
1,740
 
 
 
6,201