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Provisions (Tables)

12 Months Ended

Dec. 31, 2024


	Restoration 1 US$m			Employee benefits US$m		Other US$m		Total US$m

Year ended 31 December 2024

At 1 January 2024		7,154			522		281		7,957

Acquisitions through business combination and asset acquisitions 2		16			104		48		168

Change in provision		(936	)		28		37		(871	)

Unwinding of present value discount		292			-		1		293

Carrying amount at 31 December 2024		6,526			654		367		7,547

Current		753			402		167		1,322

Non-current		5,773			252		200		6,225

Net carrying amount		6,526			654		367		7,547

Year ended 31 December 2023

At 1 January 2023		6,253			517		409		7,179

Change in provision		664			5		(128)		541

Unwinding of present value discount		237			-		-		237

Carrying amount at 31 December 2023		7,154			522		281		7,957

Current		1,011			351		144		1,506

Non-current		6,143			171		137		6,451

Net carrying amount		7,154			522		281		7,957

024 change in provision is due to provisions used of

$887

million, changes in macroeconomic factors

increasing the provisions by

$647 million, offset by changes in estimates of $598

million. Changes in estimates are due to

new activities, revisions to cost and removal scope assumptions

and

rate changes supported by most recent estimates

and

benchmarks.

2.	Refer to Note B.5 for details of business combination and Note B.7 for details of asset acquisitions.