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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of leases [Abstract]  
Disclosure of additional information about leasing activities for lessee
We have made the following payments associated with leases during 2019:
Description of payment
2019
US$m

Included within
Principal lease payments
315

Cash flows from financing activities
Interest payments on leases
53

Cash flows from operating activities
Payments for short-term leases
327

Net operating costs
Payments for variable lease components
15

Net operating costs
Payments for low value leases (>12 months in duration)
1

Net operating costs
Total lease payments
711


Summary of capitalised finance leases
The maturity profile of lease liabilities recognised at the balance sheet is:

Note
2019
US$m

2018
US$m

Lease liabilities(a)





Due within 1 year

349

5

Between 1 and 3 years

424

10

Between 3 and 5 years

226

18

More than 5 years

671

12

Total undiscounted cash payments expected to be made

1,670

45

Effect of discounting

(361
)
(1
)
Present value of minimum lease payments
22
1,309

44

(a)
Amounts for 2018 represent finance lease liabilities under IAS 17 “Leases”.