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Leases (Tables)
12 Months Ended
Dec. 31, 2024
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
2024
US$m
2023
US$m
Principal lease payments
Cash flows from financing activities
455
426
Interest payments on leases
Cash flows from operating activities
67
50
Payments for short-term leases
Net operating costs
217
269
Payments for variable lease components
Net operating costs
46
40
Payments for low value leases (>12 months in duration)
Net operating costs
3
3
Total lease payments
788
788
Summary of capitalised finance leases The maturity profile of lease liabilities recognised at 31 December is:
2024
US$m
2023
US$m
Lease liabilities
Due within 1 year
398
385
Between 1 and 3 years
513
457
Between 3 and 5 years
281
270
More than 5 years
551
574
Total undiscounted cash payments expected to be made
1,743
1,686
Effect of discounting
(330)
(335)
Present value of minimum lease payments
1,413
1,351
Comprising:
Current lease liabilities per the balance sheet
354
345
Non-current lease liabilities per the balance sheet
1,059
1,006
Total lease liabilities
1,413
1,351