XML 673 R193.htm IDEA: XBRL DOCUMENT v3.20.4
Financial instruments and risk management - Summary of borrowings in a hedge relationship (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]    
Notional amount $ 1,522 $ 1,656
Rio Tinto Finance plc Euro Bonds 2.0% due 2020    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 2.00%  
Rio Tinto Finance plc Euro Bonds 2.875% due 2024    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 2.875%  
Rio Tinto Finance (USA) Limited Bonds 3.75% 2025    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 3.75%  
Rio Tinto Finance (USA) Limited Bonds 7.125% 2028    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.125%  
Alcan Inc. Debentures 7.25% due 2028    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.25%  
Rio Tinto Finance plc Sterling Bonds 4.0% due 2029    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.00%  
Alcan Inc. Debentures 7.25% due 2031    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.25%  
Alcan Inc. Global Notes 6.125% due 2033    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 6.125%  
Alcan Inc. Global Notes 5.75% due 2035    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 5.75%  
Rio Tinto Finance (USA) Limited Bonds 5.2% 2040    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 5.20%  
Rio Tinto Finance (USA) plc Bonds 4.75% 2042    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.75%  
Rio Tinto Finance (USA) plc Bonds 4.125% 2042    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.125%  
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.0% due 2020    
Disclosure of detailed information about financial instruments [line items]    
Notional amount $ 526  
Carrying Value 0 455
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.875% due 2024    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 546  
Carrying Value 555 508
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 3.75% 2025    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 1,200  
Carrying Value 1,299 1,229
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 7.125% 2028    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 750  
Carrying Value 1,005 958
Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2028    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 100  
Carrying Value 109 104
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Sterling Bonds 4.0% due 2029    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 807  
Carrying Value 717 647
Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2031    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 400  
Carrying Value 438 0
Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 6.125% due 2033    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 750  
Carrying Value 744 0
Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 5.75% due 2035    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 300  
Carrying Value 292 0
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 5.2% 2040    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 1,150  
Carrying Value 1,173 1,137
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.75% 2042    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 500  
Carrying Value 501 483
Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.125% 2042    
Disclosure of detailed information about financial instruments [line items]    
Notional amount 750  
Carrying Value $ 743 $ 716
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.0% due 2020    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 1.35%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.875% due 2024    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 1.64%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 3.75% 2025    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 1.39%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 7.125% 2028    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 3.27%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2028    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 5.43%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Sterling Bonds 4.0% due 2029    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 2.65%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2031    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 5.72%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 6.125% due 2033    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 5.67%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 5.75% due 2035    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 5.18%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 5.2% 2040    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 3.79%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.75% 2042    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 3.42%  
3 Month LIBOR, plus basis spread | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.125% 2042    
Disclosure of detailed information about financial instruments [line items]    
Weighted average interest rate after swaps 2.83%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.0% due 2020    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 2.00%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Euro Bonds 2.875% due 2024    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 2.875%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 3.75% 2025    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 3.75%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 7.125% 2028    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.125%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2028    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.25%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance plc Sterling Bonds 4.0% due 2029    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.00%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Debentures 7.25% due 2031    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 7.25%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 6.125% due 2033    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 6.125%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Alcan Inc. Global Notes 5.75% due 2035    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 5.75%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) Limited Bonds 5.2% 2040    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 5.20%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.75% 2042    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.75%  
Fixed interest rate | Interest rate risk | Borrowings in a Hedge Relationship | Rio Tinto Finance (USA) plc Bonds 4.125% 2042    
Disclosure of detailed information about financial instruments [line items]    
Borrowings, interest rate 4.125%