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Consolidated statement of comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of comprehensive income [abstract]      
Profit after tax for the year $ 11,574 $ 9,953 $ 13,048
Items that will not be reclassified to the income statement:      
Remeasurement gains/(losses) on pension and post-retirement healthcare plans 83 (461) 578
Changes in the fair value of equity investments held at fair value through other comprehensive income (FVOCI) 0 (24) 0
Tax relating to these components of other comprehensive income (22) 152 (123)
Share of other comprehensive income/(loss) of equity accounted units, net of tax 4 (3) 5
Items that will not be reclassified to profit or loss 65 (336) 460
Items that have been/may be subsequently reclassified to the income statement:      
Currency translation adjustment [1] (3,391) 644 (2,399)
Currency translation on operations disposed of, transferred to the income statement (27) 0 105
Fair value movements:      
– Cash flow hedge gains/(losses) 13 30 (167)
– Cash flow hedge losses/(gains) transferred to the income statement 17 (39) 106
Net change in costs of hedging reserve 4 5 4
Tax relating to these components of other comprehensive loss (10) 1 21
Share of other comprehensive (loss)/income of equity accounted units, net of tax (45) 14 (27)
Items that will be reclassified to profit or loss (3,439) 655 (2,357)
Total other comprehensive (loss)/income for the year, net of tax (3,374) 319 (1,897)
Total comprehensive income for the year [2] 8,200 10,272 11,151
– attributable to owners of Rio Tinto 8,375 10,335 10,649
– attributable to non-controlling interests $ (175) $ (63) $ 502
[1] Excludes a currency translation charge of US$317 million (2023: gain of US$47 million; 2022: charge of US$240 million) arising on Rio Tinto Limited’s share capital for the year ended
31 December 2024, which is recognised in the consolidated statement of changes in equity. Refer to the consolidated statement of changes in equity on page 166.
[2] Refer to the consolidated statement of comprehensive income for further details. Adjustments to other reserves include currency translation attributable to owners of Rio Tinto, other than that
arising on Rio Tinto Limited’s share capital.