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Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2024
Text Block [abstract]  
Summary of employee benefits expense
 
2024
US$m
2023
US$m
2022
US$m
Employee benefits
521
494
415
Share-based payments
23
39
26
Defined contribution plan costs
51
53
41
Defined benefit plan expense
7
17
9
         602
          603
         491
Summary of information about key management personnel compensation
Key management personnel (KMP) compensation for the financial year was as follows:
 
2024
US$
2023
US$
2022
US$
Short-term employee benefits
6,810,215
5,245,763
5,730,340
Post-employment benefits
262,790
215,856
155,086
Share-based payments
5,265,736
3,693,072
3,114,043
Long-term employee benefits
483,452
213,562
4,300
Termination benefits
724,287
-
152,531
        13,546,480
   9,368,253
  9,156,300
Summary of number of awards and movements for all share plans
The number of awards and movements for all share plans are summarised as follows:
 
Number of performance awards
 
Employee Plans
Executive Plans
WEP
SWEP
Short-term
awards
4
Long-term
awards
4
Year ended 31 December 2024
Opening balance
  
9,125,440
 
1,556,573
 
1,066,237
 
2,696,552
Granted during the year
1,2,3
 
5,188,220
 
48,179
 
918,543
 
364,378
Vested during the year
  
(1,833,896
)
  
(1,038,583
)
  
(231,156
)
  
(250,149
)
Forfeited during the year
  
(716,686
)
 
  
(108,599
)
 
  
(201,956
)
 
  
(361,735
)
 
 
Awards at 31 December 2024
  
11,763,078
 
457,570
 
1,551,668
 
2,449,046
    
US$m
    
US$m
    
US$m
    
US$m
  
Fair value of awards granted during the year
  
           70
 
           1
 
           18
 
           8
   
Number of performance awards
 
  
   
Employee Plans
    
Executive Plans
  
    
WEP
    
SWEP
    
Short-term
awards
4
    
Long-term
awards
4
  
 Year ended 31 December 2023
        
 Opening balance
  
6,629,681
 
2,884,076
 
993,197
 
   2,554,422
 Granted during the year
1,2,3
 
   3,445,234
 
100,811
 
420,429
 
658,969
 Vested during the year
  
(600,271
) 
  
(1,071,291
) 
  
   (286,979)
 
(106,430
) 
 Forfeited during the year
  
(349,204
) 
  
(357,023
) 
  
(60,410
) 
  
(410,409
) 
         
 Awards at 31 December 2023
  
9,125,440
 
1,556,573
 
1,066,237
 
2,696,552
    
US$m
    
US$m
    
US$m
    
US$m
  
 Fair value of awards granted during the year
  
60
 
2
 
10
 
12
 
1.
For the purpose of valuation, the share price on grant date for the 2024 WEP allocations was $13.54 (2023: $17.54).
2.
For the purpose of valuation, the share price on grant date for the 2024 SWEP allocations was $16.04 (2023: $20.78).
3.
For the purpose of valuation, the share price on grant date for Restricted Shares was $19.74 and $19.33 (2023: $23.48 and $23.33) and Performance Rights was $12.89 (2023: $15.96).
4.
Includes awards issued under Executive Incentive Plan (EIP), EIS and PBP Plus. Short-term awards relate to awards with a vesting period of less than 5 years. Long-term awards relate to awards with a vesting period of 5 years.