XML 217 R105.htm IDEA: XBRL DOCUMENT v3.21.2
Post employment benefits - Analysis of fair value of plan assets (Details) - GBP (£)
£ in Millions
Jun. 30, 2021
Jun. 30, 2020
Disclosure of fair value of plan assets [line items]    
Hedge funds £ 244 £ 230
Interest rate and inflation swaps (886) (982)
Cash and other 678 208
Total bid value of assets 9,892 10,422
Fixed-interest government    
Disclosure of fair value of plan assets [line items]    
Bonds 279 288
Inflation-linked government    
Disclosure of fair value of plan assets [line items]    
Bonds 239 247
Investment grade corporate    
Disclosure of fair value of plan assets [line items]    
Bonds 1,258 1,280
Non-investment grade    
Disclosure of fair value of plan assets [line items]    
Bonds 280 231
Loan securities    
Disclosure of fair value of plan assets [line items]    
Bonds 2,068 2,025
Repurchase agreements    
Disclosure of fair value of plan assets [line items]    
Bonds 3,608 4,809
Liability driven investment bonds    
Disclosure of fair value of plan assets [line items]    
Bonds 278 286
Quoted    
Disclosure of fair value of plan assets [line items]    
Equities 466 571
Unquoted and private equity    
Disclosure of fair value of plan assets [line items]    
Equities 622 523
Property - unquoted 758 706
United Kingdom    
Disclosure of fair value of plan assets [line items]    
Hedge funds 101 92
Interest rate and inflation swaps (994) (1,048)
Cash and other 526 44
Total bid value of assets 7,341 7,696
United Kingdom | Fixed-interest government    
Disclosure of fair value of plan assets [line items]    
Bonds 147 114
United Kingdom | Inflation-linked government    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
United Kingdom | Investment grade corporate    
Disclosure of fair value of plan assets [line items]    
Bonds 512 507
United Kingdom | Non-investment grade    
Disclosure of fair value of plan assets [line items]    
Bonds 151 137
United Kingdom | Loan securities    
Disclosure of fair value of plan assets [line items]    
Bonds 1,789 1,697
United Kingdom | Repurchase agreements    
Disclosure of fair value of plan assets [line items]    
Bonds 3,608 4,809
United Kingdom | Liability driven investment bonds    
Disclosure of fair value of plan assets [line items]    
Bonds 212 222
United Kingdom | Quoted    
Disclosure of fair value of plan assets [line items]    
Equities 0 1
United Kingdom | Unquoted and private equity    
Disclosure of fair value of plan assets [line items]    
Equities 604 501
Property - unquoted 685 620
Ireland    
Disclosure of fair value of plan assets [line items]    
Hedge funds 139 134
Interest rate and inflation swaps 108 66
Cash and other 62 63
Total bid value of assets 1,826 1,810
Ireland | Fixed-interest government    
Disclosure of fair value of plan assets [line items]    
Bonds 81 124
Ireland | Inflation-linked government    
Disclosure of fair value of plan assets [line items]    
Bonds 239 247
Ireland | Investment grade corporate    
Disclosure of fair value of plan assets [line items]    
Bonds 355 306
Ireland | Non-investment grade    
Disclosure of fair value of plan assets [line items]    
Bonds 117 77
Ireland | Loan securities    
Disclosure of fair value of plan assets [line items]    
Bonds 279 328
Ireland | Repurchase agreements    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
Ireland | Liability driven investment bonds    
Disclosure of fair value of plan assets [line items]    
Bonds 66 64
Ireland | Quoted    
Disclosure of fair value of plan assets [line items]    
Equities 308 315
Ireland | Unquoted and private equity    
Disclosure of fair value of plan assets [line items]    
Equities 0 1
Property - unquoted 72 85
United States and other    
Disclosure of fair value of plan assets [line items]    
Hedge funds 4 4
Interest rate and inflation swaps 0 0
Cash and other 90 101
Total bid value of assets 725 916
United States and other | Fixed-interest government    
Disclosure of fair value of plan assets [line items]    
Bonds 51 50
United States and other | Inflation-linked government    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
United States and other | Investment grade corporate    
Disclosure of fair value of plan assets [line items]    
Bonds 391 467
United States and other | Non-investment grade    
Disclosure of fair value of plan assets [line items]    
Bonds 12 17
United States and other | Loan securities    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
United States and other | Repurchase agreements    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
United States and other | Liability driven investment bonds    
Disclosure of fair value of plan assets [line items]    
Bonds 0 0
United States and other | Quoted    
Disclosure of fair value of plan assets [line items]    
Equities 158 255
United States and other | Unquoted and private equity    
Disclosure of fair value of plan assets [line items]    
Equities 18 21
Property - unquoted £ 1 £ 1