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Our capital and liquidity (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of issued capital
Our total capital as at 31 December was:
Total capital

Note
2022
US$m
2021
US$m
Equity attributable to owners of Rio Tinto (see Group balance sheet)
50,175 51,432 
Equity attributable to non-controlling interests (see Group balance sheet)
2,099 5,158 
Net debt/(cash)194,188 (1,576)
Total capital56,462 55,014 
Summary of credit ratings Our credit ratings, as provided by Standard & Poor’s and Moody’s investor services, as at 31 December were:

20222021
Long-term rating
A/A2A/A2
Short-term rating
A-1/P-1A-1/P-1
Outlook
Stable/StableStable/Stable
Summary of financial liability analysis
In the table below, we summarise the maturity profile of our financial liabilities on our balance sheet based on contractual undiscounted payments. When the amount payable is not fixed, the amount disclosed is determined by reference to the conditions existing at the end of the reporting period. This will therefore not necessarily agree with the amounts disclosed as the carrying value.
20222021
Financial liability analysis
At 31 December
(Outflows)/Inflows
Within 1
year or on
demand
US$m		Between
1 and 2
years
US$m		Between 2 and 5 years
US$m		After
5 years
US$m		Total
US$m
Within 1
year or on
demand
US$m
Between
1 and 2
years
US$m
Between 2 and 5 years
US$m
After
5 years
US$m
Total
US$m
Non-derivative financial liabilities
Trade and other financial payables(a)
(5,971)(37)(57)(329)(6,394)(5,766)(31)(72)(406)(6,275)
Expected lease liability payments(329)(235)(344)(606)(1,514)(361)(266)(400)(704)(1,731)
Borrowings before swaps(937)(1,425)(1,839)(7,389)(11,590)(827)(746)(2,519)(8,112)(12,204)
Expected future interest payments(a)
(668)(603)(1,468)(3,141)(5,880)(511)(486)(1,313)(3,485)(5,795)
Other financial liabilities— — — — — (20)— — — (20)
Derivative financial liabilities(b)
Derivatives related to net debt – net settled
(92)(106)(47)(8)(253)
Derivatives related to net debt – gross settled(a)
– gross inflows37 481 72 651 1,241 41 41 560 756 1,398 
– gross outflows(69)(615)(102)(875)(1,661)(44)(44)(658)(909)(1,655)
Derivatives not related to net debt – net settled
(78)(60)(129)(77)(344)(186)(77)(53)(37)(353)
Derivatives not related to net debt – gross settled:
0
– gross inflows71 — — — 71 1,302 — — — 1,302 
– gross outflows(71)— — — (71)(1,340)— — — (1,340)
Total(8,107)(2,600)(3,914)(11,774)(26,395)(7,712)(1,609)(4,455)(12,897)(26,673)
(a)The interest payable at year end was removed from trade and other financial payables and is shown within expected future interest payments and derivatives related to net debt. Interest payments have been projected using interest rates applicable at the end of the applicable financial year. Where debt is subject to variable interest rates, future interest payments are subject to change in line with market rates.
(b)The maturity grouping is based on the earliest payment date.