v3.26.1
Finance income and charges
 12 Months Ended
Jun. 30, 2026
Analysis of income and expense [abstract]  
Finance income and charges 5. Finance income and charges
Accounting policies
Net interest includes interest income and charges in respect of financial
instruments and the results of hedging transactions used to manage
interest rate risk. 
Finance charges directly attributable to the acquisition, construction
or production of a qualifying asset, being an asset that necessarily takes
a substantial period of time to get ready for its intended use or sale, are
added to the cost of that asset. Borrowing costs which are not
capitalised are recognised in the income statement using the effective
interest method. All other finance charges are recognised primarily in
the income statement in the year in which they are incurred. 
Net other finance charges include items in respect of post-
employment plans, the discount unwind of long-term obligations and
hyperinflation charges. The results of operations in hyperinflationary
economies are adjusted to reflect the changes in the purchasing power
of the local currency of the entity before being translated to US dollar. 
The impact of derivatives, excluding cash flow hedges that are in
respect of commodity price risk management or those that are used to
hedge the currency risk of highly probable future currency cash flows, is
included in interest income or interest charge. 
2026
$ million
2025
$ million
2024
$ million
Interest income
221
203
179
Fair value gain on financial instruments
55
170
100
Total interest income(1)
276
373
279
Interest charge on bonds, bank loans and
overdrafts
(815)
(775)
(665)
Interest charge on finance leases
(34)
(32)
(23)
Borrowing costs capitalised(2)
56
46
—
Borrowing costs capitalised -
exceptional item(3)
—
58
—
Other interest charges
(228)
(270)
(396)
Fair value loss on financial instruments
(67)
(172)
(101)
Total interest charges(1)
(1,088)
(1,145)
(1,185)
Net interest charges
(812)
(772)
(906)
Net finance income in respect of post-
employment plans in surplus (note 14)
54
54
57
Monetary gain on hyperinflation in
various economies (note 1(f))
18
39
49
Interest income in respect of direct and
indirect tax
33
7
15
Change in financial liability — Zacapa
(Level 3)
—
7
—
Other finance income
3
—
—
Total other finance income
108
107
121
Net finance charge in respect of post-
employment plans in deficit (note 14)
(19)
(19)
(20)
Monetary loss on hyperinflation in
various economies (note 1(f))
—
—
(8)
Interest charge in respect of direct and
indirect tax
(35)
(51)
(27)
Unwinding of discounts
(18)
(22)
(23)
Change in financial liability — Zacapa
(Level 3)
(4)
—
—
Other finance charges
(36)
(14)
(22)
Total other finance charges
(112)
(106)
(100)
Net other finance charges
(4)
1
21
(1)Includes $145 million interest income and $883 million interest charge in respect of
financial assets and liabilities that are not measured at fair value through profit or loss
(2025 – $101 million income and $854 million charge; 2024 – $59 million income and
$765 million charge).
(2)Forecast effective interest rate for the year of 4.0% has been used for capitalisation
(2025 - 4.1%).
(3)Cumulative impact of prior years' unrecognised borrowing costs reclassified to
qualifying assets.