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Other financial assets and liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of offsetting of financial liabilities [abstract]  
Summary of other financial assets Other financial assets
2025
2024
Non-current
US$m
Current
US$m
Total
US$m
Non-current
US$m
Current
US$m
Total
US$m
Derivatives not related to net debt
148
23
171
39
49
88
Derivatives related to net debt
148
3
151
24
24
Equity shares and quoted funds
317
1
318
255
24
279
Other investments, including loans(a)
286
547
833
263
346
609
Loans to equity accounted units(b)
800
800
509
509
Total other financial assets
1,699
574
2,273
1,090
419
1,509
(a)Current “Other investments, including loans” include US$363 million of term deposits with a maturity greater than 3 months. In 2024, this balance included US$212 million of highly liquid
financial assets held in a separately managed portfolio of fixed income instruments, classified as held for trading. Both of these investments are included within our net debt definition.
(b)This relates to loans of US$842 million due from WCS Rail and Port Holding Entities, net of expected credit loss.
Summary of other financial liabilities Other financial liabilities
2025
2024
Non-current
US$m
Current
US$m
Total
US$m
Non-current
US$m
Current
US$m
Total
US$m
Derivatives not related to net debt
324
183
507
252
84
336
Derivatives related to net debt
231
231
339
28
367
Other financial liabilities
66
66
Total other financial liabilities
555
249
804
591
112
703