v3.26.1
Net Debt - Summary of Net Debt Balance and Gearing Ratio (Detail) - USD ($)
$ in Millions
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Interest bearing liabilities, Current      
Bank loans $ 890 $ 40  
Notes and debentures 855 1,316  
Lease liabilities 934 641  
Bank overdraft and short-term borrowings 0 1 $ 3
Other 5 20  
Total interest bearing liabilities 2,684 2,018  
Less: Lease liability associated with index-linked freight contracts current 401 185  
Less: Cash and cash equivalents      
Cash 7,609 7,244  
Short-term deposits 10,923 4,650  
Less: Total cash and cash equivalents 18,532 11,894 $ 12,501
Net debt management related instruments 12 13 [1]  
Net cash management related instruments [2] 227 (60)  
Less: Total derivatives included in net debt 239 (47)  
Interest bearing liabilities, Non-current      
Bank loans 3,644 3,691  
Notes and debentures 18,090 16,337  
Non-current lease liabilities 2,562 2,312  
Other 141 138  
Total interest bearing liabilities 24,437 22,478  
Less: Lease liability associated with index-linked freight contracts non current 334 148  
Net debt management related instruments [1] (1,079) (608)  
Net cash management related instruments [2] 0 0  
Less: Total derivatives included in net debt (1,079) (608)  
Net debt 8,694 12,924  
Net assets $ 56,321 $ 52,218  
Gearing 13.40% 19.80%  
[1] Represents the net cross currency and interest rate swaps designated as effective hedging instruments included within current and non-current other financial assets and liabilities.
[2] Represents the net forward exchange contracts included within current and non-current other financial assets and liabilities.