Other Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

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Summary of information about other financial assets and liabilities

	2022             US$m		2021             US$m
Other financial assets
Financial instruments at fair value through profit and loss
Derivative financial instruments designated as hedges		207		134
Other financial assets		22		293
Financial instruments at amortised cost
Hedge collateral (including interest)		509		-
Other financial assets		30		-
Financial instruments at fair value through other comprehensive income
Other financial assets		29		-
Total other financial assets		797		427
Current		677		320
Non-current		120		107
Net carrying amount		797		427
Other financial liabilities
Financial instruments at fair value through profit and loss
Derivative financial instruments designated as hedges		721		563
Other financial liabilities		-		9
Total other financial liabilities		721		572
Current		654		411
Non-current		67		161
Net carrying amount		721		572

Summary of detailed information about hedging activities

	2022		2021
Oil swaps (cash flow hedges)
Carrying amount (US$m)		(114)		(1	)
Notional amount (MMbbl)		18		30
Maturity date		2023		2022-2023
Hedge ratio		1:1		1:1
Weighted average hedged rate (US$/MMbbl)		79		74
HH Corpus Christi commodity swaps (cash flow hedges)
Carrying amount (US$m)		26		31
Notional amount (TBtu)		58		65
Maturity date		2023-2024		2022-2023
Hedge ratio		1:1		1:1
Weighted average hedged rate (US$/MMBtu)		4		3
TTF Corpus Christi commodity swaps (cash flow hedges)
Carrying amount (US$m)		(469)		(465	)
Notional amount (TBtu)		50		49
Maturity date		2023-2024		2022-2023
Hedge ratio		1:1		1:1
Weighted average hedged rate (US$/MMBtu)		16		9
TTF commodity swaps (cash flow hedges)
Carrying amount (US$m)		-		4
Notional amount (TBtu)		-		3
Maturity date		-		2022
Hedge ratio		-		1:1
Weighted average hedged rate (US$/MMBtu)		-		26
Interest rate swap (cash flow hedges)
Carrying amount (US$m)		55		(17	)
Notional amount (US$m)		600		600
Maturity date		2027		2027
Hedge ratio		1:1		1:1
Weighted average hedged rate		1.7%		1.7%
Cross currency interest rate swap (cash flow and fair value hedges)
Carrying amount (US$m)		5		9
Notional amount (Swiss Franc)		175		175
Maturity date		2023		2023
Hedge ratio		1:1		1:1
Weighted average hedged rate		Three month USD LIBOR +2.8%		Three month US$ LIBOR +2.8%
FX forwards (cash flow hedges)
Carrying amount (US$m)		(17)		10
Notional amount (AUD$m)		1,037		934
Maturity date		2023-2025		2022-2025
Hedge Ratio		1:1		1:1
Weighted average hedged rate (AUD:USD)		0.68		0.71