Employee benefits, restructuring and post-retirement employee benefits provisions (Tables)

12 Months Ended

Jun. 30, 2026

Text block [Abstract]

Summary of Employee Benefits, Restructuring and Post-retirement Employee Benefits Provisions


		2026		2025
		US$M		US$M
Employee benefits1		2,171		1,879
Restructuring2		69		83
Post-retirement employee benefits3		367		336
Total provisions		2,607		2,298
Comprising:
Current		2,174		1,893
Non-current		433		405

Summary of Reconciliation of Employee Benefits Restructuring and Postretirement Employee Benefits


2026		Employee benefits1		Restructuring2		Post- retirement employee benefits3		Total
		US$M		US$M		US$M		US$M
At the beginning of the financial year		1,879		83		336		2,298
Charge/(credit) for the year:
Underlying		1,704		37		52		1,793
Discounting		–		–		24		24
Yield on defined benefit scheme assets		–		–		(5)		(5)
Exchange variations		79		3		2		84
Released during the year		(2)		(5)		(8)		(15)
Remeasurement losses taken to retained earnings		–		–		12		12
Utilisation		(1,480)		(49)		(46)		(1,575)
Divestment of subsidiaries and operations		(2)		–		–		(2)
Transfers and other movements		(7)		–		–		(7)
At the end of the financial year		2,171		69		367		2,607

1.

The expenditure associated with total employee benefits will occur in a pattern consistent with when employees choose to exercise their entitlement to benefits.

2.

Total restructuring provisions include provisions for terminations and office closures.

3.

The net liability recognised in the Consolidated Balance Sheet includes US$315 million unfunded post-employment benefits obligation in Chile (2025: US$276 million).