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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure Of Leases [Abstract]  
Disclosure of additional information about leasing activities for lessee We have made the following payments during the year associated with leases:
Description of payment
Included within
2023
US$m
2022
US$m
Principal lease payments
Cash flows from financing activities
426
374
Interest payments on leases
Cash flows from operating activities
50
47
Payments for short-term leases
Net operating costs
269
465
Payments for variable lease components
Net operating costs
40
50
Payments for low value leases (>12 months in duration)
Net operating costs
3
1
Total lease payments
788
937
Summary of capitalised finance leases The maturity profile of lease liabilities recognised at 31 December is:
2023
US$m
2022
US$m
Lease liabilities
Due within 1 year
385
329
Between 1 and 3 years
457
388
Between 3 and 5 years
270
191
More than 5 years
574
606
Total undiscounted cash payments expected to be made
1,686
1,514
Effect of discounting
(335)
(314)
Present value of minimum lease payments
1,351
1,200
Comprising:
Current lease liability per the balance sheet
345
292
Non-current lease liability per the balance sheet
1,006
908
Total lease liability
1,351
1,200