Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2022

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Cash and cash equivalents

C.1 Cash and cash equivalents

	2022              US$m		2021               US$m
Cash and cash equivalents
Cash at bank		1,222		300
Term deposits		4,967		2,725
Restricted cash		12		-
Total cash and cash equivalents		6,201		3,025

Recognition and measurement

Cash and cash equivalents in the consolidated statement of financial position comprise cash at bank and short-term deposits with an original maturity of three months or less. Cash and cash equivalents are stated at face value in the consolidated statement of financial position. Cash and cash equivalents include $12 million (2021: nil) restricted by legal or contractual arrangements.

Foreign exchange risk

The following table summarises the Group’s cash and cash equivalents by currency.

	2022              US$m		2021             US$m
US dollar		5,886		2,917
Australian dollar		182		63
Other		133		45
Total cash and cash equivalents		6,201		3,025