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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of leases [Abstract]  
Disclosure of additional information about leasing activities for lessee
We have made the following payments associated with leases:
Description of payment
2020
US$m
2019
US$m
Included within
Principal lease payments324 315 Cash flows from financing activities
Interest payments on leases50 53 Cash flows from operating activities
Payments for short-term leases314 327 Net operating costs
Payments for variable lease components30 15 Net operating costs
Payments for low value leases (>12 months in duration)1 Net operating costs
Total lease payments719 711 

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

Note
2020
US$m
2019
US$m
Lease liabilities
Due within 1 year
271 349 
Between 1 and 3 years
386 424 
Between 3 and 5 years
185 226 
More than 5 years
724 671 
Total undiscounted cash payments expected to be made
1,566 1,670 
Effect of discounting
(388)(361)
Present value of minimum lease payments
211,178 1,309