Diageo (DEO) 6-K 4 Feb 25 2025 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Dec. 31, 2024
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	DIAGEO plc
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000835403
Current Fiscal Year End Date	--06-30

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Income Statement - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Sales	$ 15,176	$ 15,181
Excise duties	(4,275)	(4,219)
Net sales	10,901	10,962
Cost of sales	(4,163)	(4,241)
Gross profit	6,738	6,721
Marketing	(1,896)	(1,952)
Other operating items	(1,687)	(1,452)
Operating profit/(loss)	3,155	3,317
Non-operating items	(54)	(60)
Finance income	220	287
Finance charges	(662)	(718)
Share of after tax results of associates and joint ventures	115	253
Profit before taxation	2,774	3,079
Taxation	(699)	(737)
Profit (loss)	2,075	2,342
Attributable to:
Equity shareholders of the parent company	1,935	2,210
Non-controlling interests	140	132
Profit (loss)	$ 2,075	$ 2,342
Weighted average number of shares
Shares in issue excluding own shares (in shares)	2,221	2,242
Dilutive potential ordinary shares (in shares)	7	5
Weighted average number of shares (in shares)	2,228	2,247
Basic earnings per share (in USD per share)	$ 0.871	$ 0.986
Diluted earnings per share (in USD per share)	$ 0.869	$ 0.984

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net remeasurement of post-employment benefit plans
Group	$ (184)	$ (138)
Associates and joint ventures	4	(2)
Non-controlling interests	0	(1)
Tax on post-employment benefit plans	52	32
Other comprehensive income that will not be recycled subsequently to the income statement, net of tax, Total	(128)	(109)
Exchange differences on translation of foreign operations
Group	(694)	(18)
Associates and joint ventures	(85)	106
Non-controlling interests	(15)	(8)
Net investment hedges	232	(295)
Exchange loss recycled to the income statement
On disposal of foreign operations	175	26
Tax on exchange differences – group	17	36
Effective portion of changes in fair value of cash flow hedges
Hedge of foreign currency debt of the group	(16)	39
Transaction exposure hedging of the group	(86)	90
Hedges by associates and joint ventures	(11)	1
Commodity price risk hedging of the group	1	(11)
Recycled to income statement – hedge of foreign currency debt of the group	83	52
Recycled to income statement – transaction exposure hedging of the group	(18)	(125)
Recycled to income statement – commodity price risk hedging of the group	11	20
Cost of hedging	20	(48)
Recycled to income statement – cost of hedging	(11)	(12)
Tax on effective portion of changes in fair value of cash flow hedges	9	(29)
Hyperinflation adjustments	181	290
Tax on hyperinflation adjustments	(49)	(98)
Other comprehensive income that may be recycled subsequently to the income statement, net of tax, Total	(256)	16
Other comprehensive loss net of tax, for the period	(384)	(93)
Profit for the period	2,075	2,342
Total comprehensive (loss)/income for the period	1,691	2,249
Attributable to:
Equity shareholders of the parent company	1,565	2,126
Non-controlling interests	126	123
Total comprehensive (loss)/income for the period	$ 1,691	$ 2,249

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Non-current assets
Intangible assets	$ 14,764	$ 14,814	$ 14,496
Property, plant and equipment	8,533	8,509	8,212
Biological assets	173	199	194
Investments in associates and joint ventures	5,076	5,032	5,229
Other investments	102	94	96
Other receivables	37	38	32
Other financial assets	392	373	430
Deferred tax assets	131	143	171
Post-employment benefit assets	974	1,146	1,118
Non-current assets	30,182	30,348	29,978
Current assets
Inventories	9,699	9,720	9,840
Trade and other receivables	4,532	3,487	4,580
Assets held for sale	302	130	0
Corporate tax receivables	235	304	274
Other financial assets	340	355	564
Cash and cash equivalents	1,656	1,130	1,529
Current assets	16,764	15,126	16,787
Total assets	46,946	45,474	46,765
Current liabilities
Borrowings and bank overdrafts	(2,496)	(2,885)	(2,004)
Other financial liabilities	(470)	(348)	(371)
Share buyback liability	0	0	(497)
Trade and other payables	(7,094)	(6,354)	(7,292)
Liabilities held for sale	(81)	(48)	0
Corporate tax liabilities	191	136	253
Provisions	(139)	(97)	(213)
Current liabilities	(10,471)	(9,868)	(10,630)
Non-current liabilities
Borrowings	(19,224)	(18,616)	(19,476)
Other financial liabilities	(873)	(940)	(865)
Other payables	(285)	(304)	(447)
Provisions	(318)	(300)	(313)
Deferred tax liabilities	(2,937)	(2,947)	(2,839)
Post-employment benefit liabilities	(433)	(429)	(471)
Non-current liabilities	(24,070)	(23,536)	(24,411)
Total liabilities	(34,541)	(33,404)	(35,041)
Net assets	12,405	12,070	11,724
Equity
Share capital	887	887	893
Share premium	1,703	1,703	1,703
Other reserves	(464)	(91)	502
Retained earnings	8,158	7,533	6,693
Equity attributable to equity shareholders of the parent company	10,284	10,032	9,791
Non-controlling interests	2,121	2,038	1,933
Total equity	$ 12,405	$ 12,070	$ 11,724

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statement of Changes in Equity - USD ($) $ in Millions	Total	Adjustment to closing equity in respect of hyperinflation	Adjusted balance	Equity attributable to parent company shareholders	Equity attributable to parent company shareholders Adjustment to closing equity in respect of hyperinflation	Equity attributable to parent company shareholders Adjusted balance	Share capital	Share capital Adjusted balance	Share premium	Share premium Adjusted balance	Other reserves	Other reserves Adjusted balance	Total retained earnings	Total retained earnings Adjustment to closing equity in respect of hyperinflation	Total retained earnings Adjusted balance	Own shares	Own shares Adjusted balance	Other retained earnings	Other retained earnings Adjustment to closing equity in respect of hyperinflation	Other retained earnings Adjusted balance	Non-controlling interests	Non-controlling interests Adjustment to closing equity in respect of hyperinflation	Non-controlling interests Adjusted balance
Beginning balance at Jun. 30, 2023	$ 11,709	$ 51	$ 11,760	$ 9,856	$ 41	$ 9,897	$ 898	$ 898	$ 1,703	$ 1,703	$ 665	$ 665	$ 6,590	$ 41	$ 6,631	$ (2,286)	$ (2,286)	$ 8,876	$ 41	$ 8,917	$ 1,853	$ 10	$ 1,863
Profit for the period	2,342			2,210									2,210					2,210			132
Other comprehensive (loss)/income	(93)			(84)							(168)		84					84			(9)
Total comprehensive (loss)/income for the period	2,249			2,126							(168)		2,294					2,294			123
Employee share schemes	34			34									34			30		4
Share-based incentive plans	24			24									24					24
Share-based incentive plans in respect of associates	2			2									2					2
Tax on share-based incentive plans	(7)			(7)									(7)					(7)
Unclaimed dividend	1			1									1					1
Change in fair value of put option	40			40									40					40
Share buyback programme	(977)			(977)			(5)				5		(977)					(977)
Dividend declared for the period	(1,402)			(1,349)									(1,349)					(1,349)			(53)
Ending balance at Dec. 31, 2023	11,724			9,791			893		1,703		502		6,693			(2,256)		8,949			1,933
Beginning balance at Jun. 30, 2024	12,070			10,032			887		1,703		(91)		7,533			(2,250)		9,783			2,038
Profit for the period	2,075			1,935									1,935					1,935			140
Other comprehensive (loss)/income	(384)			(370)							(373)		3					3			(14)
Total comprehensive (loss)/income for the period	1,691			1,565							(373)		1,938					1,938			126
Employee share schemes	22			22									22			19		3
Share-based incentive plans	33			33									33					33
Share-based incentive plans in respect of associates	2			2									2					2
Share-based payments and purchase of own shares in respect of subsidiaries	(5)			(3)									(3)					(3)			(2)
Change in non-controlling interests from disposal of business	11																				11
Change in fair value of put option	11			11									11					11
Tax on share buyback	21			21									21					21
Dividend declared for the period	(1,451)			(1,399)									(1,399)					(1,399)			(52)
Ending balance at Dec. 31, 2024	$ 12,405			$ 10,284			$ 887		$ 1,703		$ (464)		$ 8,158			$ (2,231)		$ 10,389			$ 2,121

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Profit for the period	$ 2,075	$ 2,342
Taxation	699	737
Share of after tax results of associates and joint ventures	(115)	(253)
Net finance charges	442	431
Non-operating items	54	60
Operating profit	3,155	3,317
Increase in inventories	(175)	(82)
Increase in trade and other receivables	(1,181)	(1,106)
Increase in trade and other payables and provisions	942	469
Net increase in working capital	(414)	(719)
Depreciation, amortisation and impairment	389	411
Dividends received	5	5
Post-employment payments less amounts included in operating profit	5	(24)
Other items	75	59
Adjustments to reconcile profit (loss), Total	474	451
Cash generated from operations	3,215	3,049
Interest received	112	91
Interest paid	(496)	(443)
Taxation paid	(506)	(551)
Interest and income taxes paid (received), classified as operating activities	(890)	(903)
Net cash inflow from operating activities	2,325	2,146
Cash flows from investing activities
Disposal of property, plant and equipment and computer software	3	7
Purchase Of Property, Plant and Equipment And Computer Software	(632)	(582)
Movements in loans and other investments	(43)	(109)
Sale of businesses and brands	116	18
Acquisition of subsidiaries	(29)	(3)
Investments in associates and joint ventures	(47)	(51)
Net cash outflow from investing activities	(632)	(720)
Cash flows from financing activities
Share buyback programme	0	(480)
Net sale of own shares for share schemes	3	5
Purchase of treasury shares in respect of subsidiaries	(4)	0
Dividends paid to non-controlling interests	(74)	(71)
Proceeds from bonds	2,106	1,690
Repayment of bonds	(1,158)	(1,132)
Cash inflow from other borrowings	77	470
Cash outflow from other borrowings	(650)	(801)
Equity dividends paid	(1,399)	(1,348)
Net cash outflow from financing activities	(1,099)	(1,667)
Net increase/(decrease) in net cash and cash equivalents	594	(241)
Exchange differences	(68)	(45)
Movement of cash and cash equivalents in assets held for sale	4	0
Net cash and cash equivalents at beginning of the period	1,109	1,768
Net cash and cash equivalents at end of the period	1,639	1,482
Net cash and cash equivalents consist of:
Cash and cash equivalents	1,656	1,529
Bank overdrafts	(17)	(47)
Net cash and cash equivalents	$ 1,639	$ 1,482

Basis of preparation

Basis of preparation	6 Months Ended
	Dec. 31, 2024
Basis Of Preparation [Abstract]
Basis of preparation	Basis of preparation These unaudited condensed consolidated interim financial statements have been prepared in accordance with UK adopted International Accounting Standard 34, ‘Interim Financial Reporting’, IAS 34 ‘Interim Financial Reporting’ as issued by the International Accounting Standards Board (‘IASB’) and The Disclosure Guidance and Transparency Rules sourcebook of the UK’s Financial Conduct Authority. These financial statements should be read in conjunction with the company’s published consolidated financial statements for the year ended 30 June 2024, which were prepared in accordance with IFRS ® Accounting Standards adopted by the UK and IFRS Accounting Standards issued by IASB, including interpretations issued by the IFRS Interpretations Committee. IFRS Accounting Standards as adopted by the UK differs in certain respects from IFRS Accounting Standards as issued by the IASB, but the differences have no impact on the group’s consolidated financial statements for the periods presented. The condensed consolidated financial statements are prepared on a going concern basis under the historical cost convention, unless stated otherwise. In preparing these condensed consolidated interim financial statements, the significant judgements made by management when applying the group’s accounting policies and the significant areas where estimates were required were the same as those that applied to the consolidated financial statements for the year ended 30 June 2024, with the exception of changes in estimates disclosed in note 3 Exceptional items and note 14 Contingent liabilities and legal proceedings. These condensed consolidated interim financial statements were approved for issue on 3 February 2025. The financial statements for Diageo plc for the year ending 30 June 2025 will be prepared in accordance with IFRS Accounting Standards as adopted by the UK and IFRS Accounting Standards as issued by the IASB, including interpretations issued by the IFRS Interpretations Committee. Going concern Management prepared 18 month cash flow forecasts which reflect severe but plausible downside scenarios taking into consideration the group's principal risks. After consideration of the principal risks, they were consistent with the severe but plausible scenarios from those used at last year end. Even under these scenarios, the group’s liquidity is still expected to remain strong. Mitigating actions, should they be required, are all within management’s control and could include reductions in discretionary spending such as acquisitions and capital expenditure, lower level of marketing spend and investment in maturing stock, as well as a temporary suspension or reduction in its dividend to shareholders in the next 12 months, or drawdowns on committed facilities. Having considered the outcome of these assessments, the Directors are comfortable that the company is a going concern for at least 12 months from the date of signing the group's condensed consolidated interim financial statements. Exchange rates Weighted average exchange rates used in the translation of income statements were sterling – $ 1 = £0.78 (2023 – $ 1 = £0.80 ) and euro – $ 1 = €0.92 (2023 – $ 1 = €0.92 ). Exchange rates used to translate assets and liabilities at the balance sheet date were sterling – $ 1 = £0.80 ( 31 December 2023 – $ 1 = £0.79 ; 30 June 2024 – $1 = £0.79 ) and euro – $ 1 = €0.96 ( 31 December 2023 – $ 1 = €0.90 ; 30 June 2024 – $1 = €0.93 ). The group uses foreign exchange transaction hedges to mitigate the effect of exchange rate movements. New accounting standards and interpretations The following amendments to the Accounting Standards, issued by the IASB and endorsed by the UK, were adopted by the group from 1 July 2024 with no material impact on the group’s consolidated results, financial position or disclosures: – Amendments to IAS 1 – Classification of Liabilities and Non-current Liabilities with Covenants – Amendments to IFRS 16 – Lease Liability in a Sale and Leaseback – Amendments to IAS 7 and IFRS 7 – Supplier Finance Arrangements . The following amendments issued by the IASB have been endorsed by the UK and have not yet been adopted by the group, which are not expected to have material impact on the group's consolidated results or financial position: – Amendments to IAS 21 – Lack of exchangeability (effective from the year ending 30 June 2026) . There are a number of other standards, amendments and clarifications to IFRS Accounting Standards effective in future years which are not expected to significantly impact the group’s consolidated results or financial position.

Segmental information

Segmental information	6 Months Ended
	Dec. 31, 2024
Disclosure of operating segments [abstract]
Segmental information	Segmental information The segmental information presented is consistent with management reporting provided to the Executive Committee (the chief operating decision maker). The Executive Committee considers the business principally from a geographical perspective based on the location of third- party sales and the business analysis is presented by geographical segment. In addition to these geographical selling segments, a further segment reviewed by the Executive Committee is the Supply Chain and Procurement (SC&P) segment, which manufactures products for other group companies and includes production sites in the United Kingdom, Ireland, Mexico, Italy, and Guatemala, and comprises the global procurement function. The group's operations also include the Corporate segment. Corporate costs are in respect of central costs, including finance, marketing, corporate relations, human resources and legal, as well as certain information systems, facilities and employee costs that are not allocable to the geographical segments or to SC&P. Diageo uses shared services operations to deliver transaction processing activities for markets and operational entities. These centres are located in India, Hungary, Colombia and the Philippines. These captive business service centres also perform certain central finance activities, including elements of financial planning and reporting, treasury and HR services. The costs of shared services operations are recharged to the regions. For planning and management reporting purposes, Diageo uses budgeted exchange rates that are set at the prior year's weighted average exchange rate. In order to ensure a consistent basis on which performance is measured through the year, prior period results are also restated to the budgeted exchange rate. Segmental information for net sales and operating profit before exceptional items are reported on a consistent basis with management reporting. The adjustments required to retranslate the segmental information to actual exchange rates and to reconcile it to the group’s reported results are shown in the tables below. The comparative segmental information, prior to retranslation, has not been restated at the current year’s budgeted exchange rates but is presented at the budgeted rates for the respective year. In addition, for management reporting purposes, Diageo presents the result of acquisitions and disposals completed in the current and prior year separately from the results of the geographical segments. The impact of acquisitions and disposals on net sales and operating profit is disclosed under the appropriate geographical segments in the tables below at budgeted exchange rates. (a) Segmental information for the consolidated income statement North America Europe Asia Pacific Latin America and Caribbean Africa SC&P Eliminate inter- segment sales Total operating segments Corporate and other Total Six months ended 31 December 2024 $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Sales 4,403 4,440 3,480 1,371 1,412 2,032 (2,032) 15,106 70 15,176 Net sales At budgeted exchange rates (1) 4,088 2,455 2,095 1,117 828 2,167 (2,121) 10,629 69 10,698 Acquisitions and disposals 5 6 4 3 117 — — 135 — 135 SC&P allocation 5 27 5 7 2 (46) — — — — Retranslation to actual exchange rates (3) 78 6 (80) (8) (89) 89 (7) 1 (6) Hyperinflation — 66 — 3 5 — — 74 — 74 Net sales 4,095 2,632 2,110 1,050 944 2,032 (2,032) 10,831 70 10,901 Operating profit/(loss) At budgeted exchange rates (1) 1,547 762 639 385 162 22 — 3,517 (181) 3,336 Acquisitions and disposals (9) 3 1 1 34 — — 30 — 30 SC&P allocation 16 7 (2) 1 — (22) — — — — Retranslation to actual exchange rates 77 35 7 (44) (21) — — 54 (20) 34 Hyperinflation — (10) — (9) (9) — — (28) — (28) Operating profit/(loss) before exceptional items 1,631 797 645 334 166 — — 3,573 (201) 3,372 Exceptional operating items (2) (14) (183) (18) (2) — — — (217) — (217) Operating profit/(loss) 1,617 614 627 332 166 — — 3,356 (201) 3,155 Non-operating items (54) Net finance charges (442) Share of after tax results of associates and joint ventures 115 Profit before taxation 2,774 North America Europe Asia Pacific Latin America and Caribbean Africa SC&P Eliminate inter- segment sales Total operating segments Corporate and other Total Six months ended 31 December 2023 $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Sales 4,411 4,349 3,564 1,442 1,352 1,842 (1,842) 15,118 63 15,181 Net sales At budgeted exchange rates (1) 4,077 2,356 2,226 1,004 1,115 1,797 (1,742) 10,833 61 10,894 Acquisitions and disposals 2 25 24 — 65 — — 116 — 116 SC&P allocation 7 34 6 6 2 (55) — — — — Retranslation to actual exchange rates (2) 11 (50) 59 (211) 100 (100) (193) 2 (191) Hyperinflation — 139 — — 4 — — 143 — 143 Net sales 4,084 2,565 2,206 1,069 975 1,842 (1,842) 10,899 63 10,962 Operating profit/(loss) At budgeted exchange rates (1) 1,672 784 729 337 245 (14) — 3,753 (144) 3,609 Acquisitions and disposals (12) (6) 7 — 15 — — 4 — 4 SC&P allocation (7) (4) (1) (2) — 14 — — — — Fair value remeasurements 23 — — (24) — — — (1) — (1) Retranslation to actual exchange rates 49 25 (46) 5 (120) — — (87) (3) (90) Hyperinflation — (2) — — (10) — — (12) — (12) Operating profit/(loss) before exceptional items 1,725 797 689 316 130 — — 3,657 (147) 3,510 Exceptional operating items (2) (182) (11) — — — — — (193) — (193) Operating profit/(loss) 1,543 786 689 316 130 — — 3,464 (147) 3,317 Non-operating items (60) Net finance charges (431) Share of after tax results of associates and joint ventures 253 Profit before taxation 3,079 (1) These items represent the IFRS 8 performance measures for the geographical and SC&P segments. (2) For definition and details of exceptional items, see pag es F-11-F-13. (i) The net sales figures for SC&P reported to the Executive Committee primarily comprise inter-segment sales and these are eliminated in a separate column in the above segmental analysis. Apart from sales by the SC&P segment to the geographical segments, inter-segment sales are not material. (ii) Approximately 38% of calendar year net sales occurred in the last four months of 2024. (b) Category and geographical analysis Category analysis Geographical analysis Spirits $ million Beer $ million Ready to drink $ million Other $ million Total $ million United States $ million India $ million Great Britain $ million Rest of world $ million Total $ million Six months ended 31 December 2024 Sales (1) 12,318 2,234 493 131 15,176 4,171 1,744 1,622 7,639 15,176 Six months ended 31 December 2023 Sales (1) 12,409 2,063 496 213 15,181 4,158 1,687 1,571 7,765 15,181 (1) The geographical analysis of sales is based on the location of third-party sales.

Exceptional items

Exceptional items	6 Months Ended
	Dec. 31, 2024
Exceptional Items [Abstract]
Exceptional items	Exceptional items Exceptional items are those that in management’s judgement need to be disclosed separately. Such items are included in the income statement caption to which they relate, and form part of the segmental reporting, and are excluded from the organic movement calculations. Management believes that separate disclosure of exceptional items and the classification between operating and non-oper ating items further helps investors to understand t he performance of the group. Changes in estimates and reversals in relation to items previously recognised as exceptional are presented consistently as exceptional in the current year. Exceptional operating items are those that are considered to be material and unusual or non-recurring in nature and are part of the operating activities of the group, such as one-off global restructuring programmes which can be multi-year, impairment of intangible assets and fixed assets, indirect tax settlements, property disposals and changes in post-employment plans. Gains and losses on the sale or directly attributable to a prospective sale of businesses, brands or distribution rights, step up gains and losses that arise when an investment becomes an associate or an associate becomes a subsidiary and other material, unusual non-recurring items that are not in respect of the production, marketing and distribution of premium drinks, are disclosed as exceptional non-operating items below operating profit in the income statement. Exceptional current and deferred tax items comprise material and unusual or non-recurring items that impact taxation. Examples include direct tax provisions and settlements in respect of prior years and the remeasurement of deferred tax assets and liabilities following tax rate changes. Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Exceptional operating items Distribution model change in France (1) (145) — Supply chain agility programme (2) (72) (31) Brand impairment (3) — (54) Various dispute and litigation matters (4) — (108) (217) (193) Non-operating items Sale of businesses and brands Guinness Nigeria PLC (5) (114) — Pampero brand (6) 53 — Safari brand (7) 15 — Guinness Cameroun S.A. (8) (8) (11) Windsor business (9) — (53) USL Popular brands (10) — 4 (54) (60) Exceptional items before taxation (271) (253) Items included in taxation Tax on exceptional operating items 44 43 Tax on exceptional non-operating items (12) (1) 32 42 Total exceptional items (239) (211) Attributable to: Equity shareholders of the parent company (235) (213) Non-controlling interests (4) 2 Total exceptional items (239) (211) (1) On 23 July 2024, Diageo announced the completion of the transformation of its distribution model in France as the company agreed with LVMH to exit from their joint operation and to terminate the existing distribution agreements for Diageo brands. In the period ended 31 December 2024, an exceptional operating charge of $145 million has been accounted for in respect of the transformation. (2) In the six months ended 31 December 2024, an exceptional charge of $72 million was accounted for in respect of the supply chain agility programme ( 2023 – $31 million ). With this five-year spanning programme launched in July 2022, Diageo expects to strengthen its supply chain, improve its resilience and agility, drive efficiencies, deliver additional productivity savings and make its supply operations more sustainable. The exceptional charge for the six months ended 31 December 2024 was primarily in respect of employee termination in Europe and India and accelerated depreciation in North America and Australia, being additional depreciation of assets in the period directly attributable to the programme. Restructuring cash expenditure was $13 million in the six months ended 31 December 2024 (2023 – $11 million ). (3) In the six months ended 31 December 2023, an impairment charge of $54 million in respect of certain brands in the US ready to drink portfolio was recognised in exceptional operating items. The brand impairment reduced the deferred tax liability by $13 million resulting in a net exceptional loss of $41 million . (4) In the six months ended 31 December 2023, $108 million was recorded as an exceptional operating item in respect of various dispute and litigation matters in North America and Europe, including certain costs and expenses associated therewith. (5) On 30 September 2024, Diageo completed the sale of its shareholding in Guinness Nigeria PLC to Tolaram. The transaction resulted in a loss of $114 million , including cumulative translation losses in the amount of $175 million recycled to the income statement i n the six months ended 31 December 2024. ( 6) In the six months ended 31 December 2024, an exceptional gain of $53 million has been accounted in relation to the disposal of the Pampero brand to Gruppo Montenegro. ( 7) In the six months ended 31 December 2024, an exceptional gain of $15 million has been recorded in relation to the disposal of the Safari brand to Casa Redondo. (8) On 26 May 2023, Diageo completed the sale of its wholly owned subsidiary, Guinness Cameroun S.A., its brewery in Cameroon, to Castel Group. In the six months ended 31 December 2024, $8 million (2023 – $11 million ) charges directly attributable to the disposal have been accounted for. (9) On 27 October 2023, Diageo completed the sale of Windsor Global Co., Ltd. to PT W Co., Ltd., a Korean company sponsored by Pine Tree Investment & Management Co., Ltd. for a total consideration of KRW 206 billion ( $152 million ). The transaction resulted in a loss of $53 million in the six months ended 31 December 2023, which was recognised as a non- operating item attributable to the sale, including cumulative translation losses of $26 million recycled to the income statement. (10) On 30 September 2022, Diageo completed the sale of the Popular brands of its USL business. $4 million of the purchase price, that was subject to administrative actions within 12 months and considered uncertain at the time of the transaction, was paid to Diageo in the six months ended 31 December 2023 and recognised as exceptional gain.

Finance income and charges

Finance income and charges	6 Months Ended
	Dec. 31, 2024
Analysis of income and expense [abstract]
Finance income and charges	Finance income and charges Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Interest income 90 106 Fair value gain on financial instruments 78 110 Total interest income 168 216 Interest charge on bonds, commercial paper, bank loans and overdrafts (369) (324) Interest charge on finance leases (14) (10) Other interest charges (160) (223) Fair value loss on financial instruments (78) (113) Total interest charges (621) (670) Net interest charges (453) (454) Net finance income in respect of post-employment plans in surplus 21 28 Monetary gain on hyperinflation in various economies (1) 21 32 Interest income in respect of direct and indirect tax 4 3 Change in financial liability (Level 3) 6 8 Total other finance income 52 71 Net finance charge in respect of post-employment plans in deficit (4) (10) Interest charge in respect of direct and indirect tax (22) (17) Unwinding of discounts (8) (11) Other finance charges (7) (10) Total other finance charges (41) (48) Net other finance income 11 23 (1) Hyperinflationary adjustments The group applied hyperinflationary accounting for its operations in Türkiye, Ghana and Venezuela. The group applies hyperinflationary accounting for its operations in Ghana starting from 1 July 2023. Hyperinflationary accounting needs to be applied as if Ghana had always been a hyperinflationary economy, hence, as per Diageo’s accounting policy choice, the differences between equity at 30 June 2023 as reported and the equity after the restatement of the non- monetary items to the measuring unit current at 30 June 2023 were recognised in retained earnings. The group’s consolidated financial statements include the results and financial position of its operations in hyperinflationary economies restated to the measuring unit current at the end of each period, with hyperinflationary gains and losses in respect of monetary items being reported in finance income and charges. Comparative amounts presented in the consolidated financial statements are not restated. When applying IAS 29 on an ongoing basis, comparatives in stable currency are not restated and the effect of inflating opening net assets to the measuring unit current at the end of the reporting period is presented in other comprehensive income. The movement in the publicly available official price index for the six months ended 31 December 2024 was 16% (2023 – 38% ) in Türkiye and 10% ( 2023 – 9% ) in Ghana. The inflation rate used by the group in the case of Venezuela is provided by an independent valuer because no reliable, officially published rate is available. Movement in the price index for the six months ended 31 December 2024 was 36% ( 2023 – 54% ) in Venezuela. During the year ended 30 June 2024, developments in Venezuela led management to change its estimate for the exchange rate of VES/$ to be the official exchange rate published by Bloomberg. Figures for the six months ended 31 December 2023 and 31 December 2024 show the results of the Venezuelan operation consolidated at the official closing exchange rate of the period.

Taxation

Taxation	6 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Taxation	Taxation For the six months ended 31 December 2024 , the tax charge of $699 million ( 2023 – $737 million ) comprises a UK tax charge of $100 million ( 2023 – $116 million ) and a foreign tax charge of $599 million ( 2023 – $621 million ). For the six months ended 31 December 2024 , income tax expense was recognised based on management’s best estimate of the weighted average annual income tax rate expected for the full financial year applied to the pre-tax income of the interim period in line with the relevant accounting standard. The group has a number of ongoing tax audits worldwide for which provisions are recognised in line with the relevant international accounting standard, taking into account best estimates and management’s judgements concerning the ultimate outcome of the tax audits. For the six months ended 31 December 2024 , ongoing audits that are provided for individually are not expected to result in a material tax liability. The current tax asset of $235 million ( 30 June 2024 – $304 million ) and tax liability of $191 million ( 30 June 2024 – $136 million ) include $199 million ( 30 June 2024 – $209 million ) of provisions for tax uncertainties. In December 2021, the OECD released a framework for Pillar Two Model Rules which introduced a global minimum corporate tax rate of 15%, applicable to multinational enterprise groups with global revenue over €750 million. The legislation implementing the rules in the United Kingdom applies to Diageo from the financial year ending 30 June 2025. Diageo is continuously reviewing the amendments to the legislation and also monitoring the status of implementation of the model rules outside of the United Kingdom. While we expect additional tax liabilities to be incurred in some jurisdictions in which the group operates, the estimated impact on the group’s effective tax rate is immaterial. Diageo has applied the temporary exception under IAS 12 in relation to the accounting for deferred taxes arising from the implementation of the Pillar Two rules. The tax rate before exceptional items for the six months ended 31 December 2024 was 24.0% compared with 23.4% for the six months ended 31 December 2023 .

Inventories

Inventories	6 Months Ended
	Dec. 31, 2024
Inventories [Abstract]
Inventories	Inventories 31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Raw materials and consumables 622 639 730 Work in progress 132 118 156 Maturing inventories 7,799 7,832 7,697 Finished goods and goods for resale 1,146 1,131 1,257 9,699 9,720 9,840

Net borrowings

Net borrowings	6 Months Ended
	Dec. 31, 2024
Borrowings [abstract]
Net borrowings	Net borrowings 31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Borrowings due within one year and bank overdrafts (2,496) (2,885) (2,004) Borrowings due after one year (19,224) (18,616) (19,476) Fair value of foreign currency forwards and swaps 309 334 406 Fair value of interest rate hedging instruments (298) (376) (366) Lease liabilities (623) (604) (572) (22,332) (22,147) (22,012) Cash and cash equivalents 1,656 1,130 1,529 (20,676) (21,017) (20,483)

Reconciliation of movement in n

Reconciliation of movement in net borrowings	6 Months Ended
	Dec. 31, 2024
Borrowings [abstract]
Reconciliation of movement in net borrowings	Reconciliation of movement in net borrowings Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Net increase/(decrease) in cash and cash equivalents before exchange 594 (241) Net increase in bonds and other borrowings (375) (227) Net decrease/(increase) in net borrowings from cash flows 219 (468) Exchange differences on net borrowings 111 (399) Other non-cash items (1) 11 (34) Net borrowings at beginning of the period (21,017) (19,582) Net borrowings at end of the period (20,676) (20,483) (1) In the six months ended 31 December 2024, other non-cash items were principally in respect of fair value gains of cross currency interest rate hedging instruments offsetting leases entered into during the period and fair value losses on borrowings. In the six months ended 31 December 2023, other non-cash items were principally in respect of additional leases entered into during the period partially offset by fair value movements of interest rate hedging instruments. In the six months ended 31 December 2024 , the group issued bonds of €1,900 million ( $2,106 million - net of discount and fee) consisting of €700 million ( $780 million - net of discount and fee) 3.125% fixed rate notes due 2031, €700 million ( $776 million - net of discount and fee) 3.375% fixed rate notes due 2035, €500 million ( $550 million - net of discount and fee) 3.75% fixed rate notes due 2044 and repaid bonds of $600 million and €500 million ( $558 million ). In the six months ended 31 December 2023 , the group issued bonds of $1,700 million ( $1,690 million - net of discount and fee) consisting of $800 million 5.375% fixed rate notes due 2026 and $900 million 5.625% fixed rate notes due 2033, and repaid bonds of $500 million and €600 million ( $632 million ). All bonds and commercial paper issued by Diageo plc's wholly owned subsidiaries are fully and unconditionally guaranteed by Diageo plc.

Financial instruments

Financial instruments	6 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]
Financial instruments	Financial instruments Fair value measurements of financial instruments are presented through the use of a three-level fair value hierarchy that prioritises the valuation techniques used in fair value calculations. The group maintains policies and procedures to value instruments using the most relevant data available. If multiple inputs that fall into different levels of the hierarchy are used in the valuation of an instrument, the instrument is categorised on the basis of the least observable input. Foreign currency forwards and swaps, cross currency swaps and interest rate swaps are valued using discounted cash flow techniques. These techniques incorporate inputs at levels 1 and 2, such as foreign exchange rates and interest rates. These market inputs are used in the discounted cash flow calculation incorporating the instrument’s term, notional amount and discount rate, and taking credit risk into account. As significant inputs to the valuation are observable in active markets, these instruments are categorised as level 2 in the hierarchy. Other financial liabilities include a put option, which does not have an expiry date, held by Industrias Licoreras de Guatemala (ILG) to sell the remaining 50% equity stake in Rum Creation & Products Inc., the owner of the Zacapa rum brand, to Diageo. The liability is fair valued using the discounted cash flow method and as at 31 December 2024 , an amount of $180 million ( 30 June 2024 – $198 million ) is recognised as a liability with changes in the fair value of the put option included in retained earnings. As the valuation of this option uses assumptions not observable in the market, it is categorised as level 3 in the hierarchy. As at 31 December 2024 , because it is unknown when or if ILG will exercise the option, the liability is measured as if the exercise date is on the last day of the current financial year considering forecast future performance. The put option is sensitive to reasonably possible changes in assumptions. Included in other financial liabilities, the contingent consideration on acquisition of businesses represents the present value of payments up to $263 million (30 June 2024 - $273 million ) , which are expected to be paid over the next six years . Contingent considerations linked to certain volume targets at 31 December 2024 were $148 million ( 30 June 2024 – $153 million ), mainly in respect of the acquisition of Aviation American Gin and 21Seeds. Contingent considerations linked to certain financial performance targets at 31 December 2024 were $91 million ( 30 June 2024 – $92 million ), mainly in respect of the acquisition of Don Papa Rum. Contingent considerations are fair valued based on a discounted cash flow method using assumptions not observable in the market. Contingent considerations are sensitive to possible changes in assumptions; a 10% increase or 20% decrease in volume would increase or decrease the fair value of contingent considerations linked to certain volume targets by approximately $25 million and $70 million , respectively , and a 10% increase or decrease in cash flows would increase or decrease the fair value of contingent considerations linked to certain financial performance targets by approximately $30 million . There were no significant changes in the measurement and valuation techniques, or significant transfers between the levels of the financial assets and liabilities in the six months ended 31 December 2024 . The group’s financial assets and liabilities measured at fair value are categorised as follows: 31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Derivative assets 469 497 703 Derivative liabilities (540) (486) (440) Valuation techniques based on observable market input (Level 2) (71) 11 263 Financial assets - other 337 333 281 Financial liabilities - other (419) (443) (599) Valuation techniques based on unobservable market input (Level 3) (82) (110) (318) In the six months ended 31 December 2024 and 31 December 2023 , the increase in financial assets - other of $4 million ( 2023 – the increase in financial asset - other of $32 million ) is principally in respect of acquisitions. The balance of financial assets - other is primarily made up of individually immaterial convertible loans and share options in associates. The movements in level 3 liability instruments, measured on a recurring basis, are as follows: Zacapa financial liability Contingent consideration recognised on acquisition of businesses Zacapa financial liability Contingent consideration recognised on acquisition of businesses Six months ended 31 December 2024 Six months ended 31 December 2024 Six months ended 31 December 2023 Six months ended 31 December 2023 $ million $ million $ million $ million At the beginning of the period (198) (245) (274) (391) Net gains/(losses) included in the income statement 6 (2) 8 15 Net gains included in exchange in other comprehensive income — 3 — — Net gains included in retained earnings 11 — 40 — Settlement of liabilities 1 5 2 1 At the end of the period (180) (239) (224) (375) The carrying amount of the group’s financial assets and liabilities is generally the same as their fair value apart from borrowings. At 31 December 2024 , the fair value of gross borrowings (excluding lease liabilities and the fair value of derivative instruments) was $21,050 million and the carrying value was $21,720 million ( 30 June 2024 – $20,663 million and $21,501 million , respectively).

Dividends and other reserves

Dividends and other reserves	6 Months Ended
	Dec. 31, 2024
Share Capital, Reserves And Other Equity Interest [Abstract]
Dividends and other reserves	Dividends and other reserves Six months ended 31 December 2024 Six months ended 31 December 2023 Amounts recognised as distributions to equity shareholders $ million $ million Final dividend for the year ended 30 June 2024 of 62.98 cents per share ( 2023 - 59.98 cents) 1,399 1,349 An interim dividend of 40.50 cents per share ( 2023 – 40.50 cents) was approved by the Board of Directors on 3 February 2025 . As the approval was after the balance sheet date, it was not included as a liability. Other reserve s deficit of $464 million at 31 December 2024 ( 2023 – $502 million surplus ) include a capital redemption reserve of $4,082 million ( 2023 – $4,076 million ), a hedging reserve surplus of $121 million ( 2023 – $270 million surplus) and an exchange reserve deficit of $4,667 million ( 2023 – $3,844 million deficit). Out of the total hedging reserve, a surplus of $9 million ( 2023 – $60 million deficit ) represents the cost of hedging arising from cross currency interest rate swaps in net investment hedges.

Acquisition of businesses

Acquisition of businesses	6 Months Ended
	Dec. 31, 2024
Business Combination [Abstract]
Acquisition of businesses	Acquisition of businesses Fair value of assets and liabilities acquired and cash consideration paid in respect o f acquisition of subsidiaries in the six months ended 31 December 2024 were as follows: Acquisitions $ million Brands 43 Inventories 3 Other working capital 2 Cash 2 Fair value of assets and liabilities 50 Goodwill arising on acquisition 21 Step acquisition (26) Consideration payable 45 Satisfied by: Cash consideration paid (25) Deferred consideration payable (20) (45) Cash consideration paid in respect of the acquisition of businesses in the six months ended 31 December 2024 were as follows: Consideration $ million Acquisitions in the period - subsidiaries Cash consideration paid (25) Cash acquired 2 Prior year acquisitions - subsidiaries Other consideration (6) Investment in associates Capital injections (1) (47) Net cash outflow on acquisition of businesses (76) (1) Additional investments in a number of Distill Ventures associates. On 24 September 2024, Diageo acquired the part of the entire issued share capital of Ritual Beverage Company LLC (owner of Ritual Zero Proof non-alcoholic spirits brand), that it did not already own. The fair values of assets and liabilities acquired are provisional and will be finalised in the year ending 30 June 2025.

Sale of businesses

Sale of businesses	6 Months Ended
	Dec. 31, 2024
Disclosure of business disposal [abstract]
Sale of businesses and brands	Sale of businesses and brands Cash consideration received and net assets disposed of in respect of sale of businesses and brands in the six months ended 31 December 2024 were as follows: Guinness Nigeria PLC $ million Other $ million Total $ million Sale consideration Cash received 64 62 126 Transaction and other directly attributable costs paid (9) (1) (10) Net cash received 55 61 116 Transaction costs payable and other directly attributable items (8) 1 (7) 47 62 109 Net assets disposed of Assets and liabilities held for sale 25 — 25 Inventories — (2) (2) 25 (2) 23 Less non-controlling interest (11) — (11) Exchange recycled from other comprehensive income (175) — (175) (Loss)/gain on disposal before taxation (114) 60 (54) Taxation (1) (11) (12) (Loss)/gain on disposal after taxation (115) 49 (66) On 30 September 2024, Diageo completed the sale of its shareholding in Guinness Nigeria PLC to N-Seven Nigeria Ltd., part of the Tolaram group. The aggregate consideration for the disposal was $64 million , the disposed net liabilities of $25 million mainly included trade and other payables and property, plant and equipment. The transaction resulted in a non-operating exceptional loss before tax of $114 million , including cumulative translation losses in the amount of $175 million recycled to the income statement. On 15 October 2024, Diageo sold the Pampero brand and related inventory to Gruppo Montenegro, a leading Italian company in the premium spirits and food sectors, for a consideration of $57 million which resulted in a non-operating exceptional gain before tax of $53 million . On 19 September 2024, Diageo sold the Safari brand to Casa Redondo, a Portuguese beverage-alcohol company for a consideration of $16 million which resulted in a non-operating exceptional gain before tax of $15 million . On 26 May 2023, Diageo completed the sale of Guinness Cameroun S.A., its brewery in Cameroon, to Castel Group. In the six months ended 31 December 2024, $8 million of charges have been accounted for mainly in respect of warranty claims in relation to the disposal.

Assets and liabilities held for

Assets and liabilities held for sale	6 Months Ended
	Dec. 31, 2024
Assets And Liabilities Held For Sale [Abstract]
Assets and liabilities held for sale	Assets and liabilities held for sale 31 December 2024 30 June 2024 $ million $ million Intangible assets 86 — Property, plant and equipment 137 52 Deferred tax assets — 18 Inventories 26 20 Trade and other receivables 20 10 Corporate tax receivables 3 — Cash 30 30 Assets held for sale 302 130 Trade and other payables (61) (44) Corporate tax payables — (1) Provisions — (3) Deferred tax liabilities (20) — Liabilities held for sale (81) (48) Total 221 82 On 23 January 2025, Diageo announced the sale of the Cacique brand to Bardinet S.A. Consequently, the Cacique brand was classified as asset held for sale at 31 December 2024. On 28 January 2025, Diageo announced the agreement to sell Guinness Ghana Breweries PLC, its brewery in Ghana to Castel Group for approximately $81 million . On completion, Castel Group will take majority control of Guinness Ghana, which produces and distributes Guinness in Ghana under a license and royalty agreement. The sale was considered to be highly probable on 31 December 2024 and it is expected to be completed by 31 December 2025, subject to regulatory approval. The impacted assets and liabilities were classified as held for sale on 31 December 2024. On 31 December 2024, cumulative translation losses and hyperinflationary adjustments recognised in reserves were a loss of $66 million , which will be recycled to the income statement at the completion of the transaction. Assets and liabilities held for sale at 30 June 2024 included Guinness Nigeria PLC. On 11 June 2024, Diageo announced the agreement to sell its 58.02% shareholding in Guinness Nigeria PLC to N-Seven Nigeria Ltd., part of the Tolaram group. On 30 September 2024, Diageo announced the completion of the sale, accordingly the assets and liabilities attributable to the business were derecognised from held for sale.

Contingent liabilities and lega

Contingent liabilities and legal proceedings	6 Months Ended
	Dec. 31, 2024
Disclosure of contingent liabilities [abstract]
Contingent liabilities and legal proceedings	Contingent liabilities and legal proceedings (a) Guarantees and related matters As of 31 December 2024 , the group has no material unprovided guarantees or indemnities in respect of liabilities of third parties. (b) Acquisition of USL shares from UBHL and related proceedings in relation to the USL transaction On 4 July 2013 , Diageo completed its acquisition, under a share purchase agreement with United Breweries (Holdings) Limited (UBHL) and various other sellers (the SPA), of shares representing 14.98% in USL , including shares representing 6.98% from UBHL. The SPA was signed on 9 November 2012 as part of the transaction announced by Diageo in relation to USL on that day (the Original USL Transaction). Following a series of further transactions, as of 31 December 2024 , Diageo has a 55.88% investment in USL (excluding 2.38% owned by the USL Benefit Trust). Prior to the acquisition from UBHL on 4 July 2013 , the High Court of Karnataka (High Court) had granted leave to UBHL under the Indian Companies Act 1956 (the Leave Order) to enable the sale by UBHL to Diageo to take place (the UBHL Share Sale) notwithstanding the continued existence of certain winding-up petitions that were pending against UBHL on the date of the SPA. At the time of the completion of the UBHL Share Sale, the Leave Order remained subject to review on appeal. However, as stated by Diageo at the time of closing , it was considered unlikely that any appeal process in respect of the Leave Order would definitively conclude on a timely basis and, accordingly, Diageo waived the conditionality under the SPA relating to the absence of insolvency proceedings in relation to UBHL and acquired the 6.98% stake in USL from UBHL at that time. Following appeal and counter-appeal in respect of the Leave Order, this matter is now before the Supreme Court of India which has issued an order that the status quo be maintained with regard to the UBHL Share Sale pending a hearing on the matter before it. Following a number of adjournments, the next date for a substantive hearing is yet to be fixed. In separate proceedings, the High Court passed a winding-up order against UBHL on 7 February 2017 , and appeals filed by UBHL against that order have since been dismissed, initially by a division bench of the High Court and subsequently by the Supreme Court of India. Diageo continues to believe that the acquisition price of INR 1,440 per share paid to UBHL for the USL shares is fair and reasonable as regards UBHL, UBHL’s shareholders and UBHL’s secured and unsecured creditors. However, adverse results for Diageo in the proceedings referred to above could, absent leave or relief in other proceedings, ultimately result in Diageo losing title to the 6.98% stake in USL acquired from UBHL. Diageo believes , including by reason of its rights under USL’s articles of association to nominate USL’s CEO and CFO and the right to appoint, through USL, a majority of the directors on the boards of USL’s subsidiaries as well as its ability as promoter to nominate for appointment up to two-thirds of USL’s directors for so long as the chairperson of USL is an independent director , that it would remain in control of USL and would continue to be able to consolidate USL as a subsidiary for accounting purposes regardless of the outcome of this litigation. There can be no certainty as to the outcome of the existing or any further related legal proceedings or the time frame within which they would be concluded. (c) Continuing matters relating to Dr Vijay Mallya and affiliates On 25 February 2016 , Diageo and USL each announced that they had entered into arrangements with Dr Mallya under which he had agreed to resign from his position as a director and as chair of USL and from his positions in USL’s subsidiaries. Diageo’s agreement with Dr Mallya (the February 2016 Agreement) provided for a payment of $75 million to Dr Mallya over a five -year period of which $40 million was paid on the signing of the February 2016 Agreement with the balance being payable in equal instalments of $7 million a year over five years (2017-2021). All payments were subject to and conditional on Dr Mallya’s compliance with the agreement. The February 2016 Agreement also provided for the release of Dr Mallya’s personal obligations to indemnify Diageo Holdings Netherlands B.V. (DHN) in respect of its earlier liability ( $141 million ) under a backstop guarantee of certain borrowings of Watson Limited (Watson) (a company affiliated with Dr Mallya). On account of various breaches and other provisions of agreements between Dr Mallya and persons connected with him and Diageo and/or USL, Diageo did not make the five instalment payments due during the five -year period between 2017 and 2021. In addition, Diageo has also demanded that Dr Mallya repay the $40 million paid by Diageo in February 2016 and sought compensation for various losses incurred by the relevant members of the Diageo group. On 16 November 2017 , Diageo and other relevant members of the Diageo group commenced claims in the High Court of Justice in England and Wales (the English High Court) against Dr Mallya in relation to these matters. At the same time DHN also commenced claims in the English High Court against Dr Mallya, his son Sidhartha Mallya, Watson and Continental Administration Services Limited (CASL) (a company affiliated with Dr Mallya and understood to hold assets on trust for him and certain persons affiliated with him) for in excess of $142 million (plus interest) in relation to Watson’s liability to DHN in respect of its borrowings referred to above and the breach of associated security documents. Dr Mallya, Sidhartha Mallya and the relevant affiliated companies filed a defence to these claims , and Dr Mallya also filed a counterclaim for payment of the two instalment payments that had by that time been withheld as described above. Diageo continues to prosecute its claims and to defend the counterclaim. As part of these proceedings , Diageo and the other relevant members of its group filed an application for strike out and/or summary judgement in respect of certain aspects of the defence filed by Dr Mallya and the other defendants, including their defence in relation to Watson and CASL’s liability to repay DHN. The application was successful resulting in Watson being ordered to pay approximately $135 million plus various amounts in respect of interest to DHN, with CASL being held liable as co-surety for 50% of any such amount unpaid by Watson. These amounts were, contrary to the relevant orders, not paid by the relevant deadlines and Watson and CASL’s remaining defences in the proceedings were struck out. Diageo and DHN have accordingly sought asset disclosure and are considering further enforcement steps against Watson and CASL, both in the United Kingdom and in other jurisdictions where they are present or hold assets. A trial of the remaining elements of these claims was due to commence on 21 November 2022. However, on 26 July 2021 Dr Mallya was declared bankrupt by the English High Court pursuant to a bankruptcy petition presented by a consortium of Indian banks. Diageo and the relevant members of its group have informed the Trustee in Bankruptcy of their position as creditors in the bankruptcy and have engaged with the Trustee regarding their claims and the status of the current proceedings. An appeal by Dr Mallya against his bankruptcy (and an appeal by the bank consortium a gainst orders made in the course of the bankruptcy proceedings) was scheduled to be heard in April 2024, but the court has relisted the hearing for February 2025. In light of the uncertainty posed by the ongoing bankruptcy appeals, the trial of Diageo’s claim, which was scheduled to take place in March 2025, has been deferred further based on the relisting of the bankruptcy appeals. At this stage, it is not possible to assess the extent to which the various ongoing proceedings related to the bankruptcy will affect the remaining elements of the claims by Diageo and the relevant members of its group. Upon completion of an initial inquiry in April 2015 into past improper transactions which identified references to certain additional parties and matters, USL carried out an additional inquiry into these transactions (Additional Inquiry) which was completed in July 2016. The Additional Inquiry, prima facie, identified transactions indicating actual and potential diversion of funds from USL and its Indian and overseas subsidiaries to, in most cases, entities that appeared to be affiliated or associated with Dr Mallya. All amounts identified in the Additional Inquiry have been provided for or expensed in the financial statements of USL or its subsidiaries in the respective prior periods. USL has filed recovery suits against relevant parties identified pursuant to the Additional Inquiry. Further, at this stage, it is not possible for the management of USL to estimate the financial impact on USL, if any, arising out of potential non-compliance with applicable laws in relation to such fund diversions. (d) Other matters in relation to USL In respect of the Watson backstop guarantee arrangements, the Securities and Exchange Board of India (SEBI) issued a notice to Diageo on 16 June 2016 that if there is any net liability incurred by Diageo (after any recovery under relevant security or other arrangements, which matters remain pending) on account of the Watson backstop guarantee, such liability, if any, would be considered to be part of the price paid for the acquisition of USL shares under the SPA which formed part of the Original USL Transaction and that, in that case, additional equivalent payments would be required to be made to those shareholders (representing 0.04% of the shares in USL) who tendered in the open offer made as part of the Original USL Transaction. Diageo believes that the Watson backstop guarantee arrangements were not part of the price paid or agreed to be paid for any USL shares under the Original USL Transaction and that therefore SEBI's decision was not consistent with applicable law, and Diageo appealed against it before the Securities Appellate Tribunal, Mumbai (SAT). On 1 November 2017, SAT issued an order in respect of Diageo’s appeal in which, amongst other things, it observed that the relevant officer at SEBI had neither considered Diageo’s earlier reply nor provided Diageo with an opportunity to be heard, and accordingly directed SEBI to pass a fresh order after giving Diageo an opportunity to be heard. Following SAT’s order, Diageo made its further submissions in the matter, including at a personal hearing before a Deputy General Manager of SEBI. On 26 June 2019, SEBI issued an order reiterating the directions contained in its previous notice dated 16 June 2016. As with the previous SEBI notice, Diageo believes that SEBI's latest order is not consistent with applicable law. Diageo appealed against this order before SAT and, after a hearing in March 2023, SAT allowed Diageo’s appeal on 26 July 2023. Accordingly, SEBI’s order dated 26 June 2019 stands quashed at present. While SEBI has filed an appeal against SAT’s order before the Supreme Court of India, the next date for a substantive hearing is yet to be fixed. There can be no certainty as to the outcome or the timeframe within which such appeal will be concluded. (e) USL’s dispute with IDBI Bank Limited Prior to the acquisition by Diageo of a controlling interest in USL, USL had prepaid a term loan taken through IDBI Bank Limited (IDBI), an Indian bank, which was secured on certain fixed assets and brands of USL, as well as by a pledge of certain shares in USL held by the USL Benefit Trust (of which USL is the sole beneficiary). The maturity date of the loan was 31 March 2015. IDBI disputed the prepayment, following which USL filed a writ petition in November 2013 before the High Court of Karnataka (the High Court) challenging the bank’s actions. Following the original maturity date of the loan, USL received notices from IDBI seeking to recall the loan, demanding a further sum of INR 459 million ( $6 million ) on account of the outstanding principal, accrued interest and other amounts, and also threatening to enforce the security in the event that USL did not make these further payments. Pursuant to an application filed by USL before the High Court in the writ proceedings, the High Court directed that, subject to USL depositing such further amount with the bank (which amount was duly deposited by USL), the bank should hold the amount in a suspense account and not deal with any of the secured assets including the shares until disposal of the original writ petition filed by USL before the High Court. On 27 June 2019, a single judge bench of the High Court issued an order dismissing the writ petition filed by USL, amongst other things, on the basis that the matter involved an issue of breach of contract by USL and was therefore not maintainable in exercise of the court’s writ jurisdiction. USL filed an appeal against this order before a division bench of the High Court, which on 30 July 2019 issued an interim order directing the bank to not deal with any of the secured assets until the next date of hearing. On 13 January 2020, the division bench of the High Court admitted the writ appeal and extended the interim stay. This appeal is currently pending. Based on the assessment of USL’s management supported by external legal opinions, USL continues to believe that it has a strong case on the merits and therefore continues to believe that the secured assets will be released to USL and the aforesaid amount of INR 459 million ( $6 million ) remains recoverable from IDBI. (f) Tax The international tax environment has seen increased scrutiny and rapid change over recent years bringing with it greater uncertainty for multinationals. Against this backdrop, Diageo has been monitoring developments and continues to engage transparently with the tax authorities in the countries where it operates to ensure that the group manages its arrangements on a sustainable basis. The group operates in a large number of markets with complex tax and legislative regimes that are open to subjective interpreta tion. In th e context of these operations, it is possible that tax exposures which have not yet materialised (including those which could arise as part of tax assessments) may result in losses to the group. Where the potential tax exposures are known to us and may lead to a possible material outflow, the group assesses the disclosure of such matters as contingent liabilities, taking into account both assessed and unassessed amounts (if any), t heir size and nature, relevant regulatory requirements and potential prejudice of the future resolution or assessment thereof. Diageo has a large number of ongoing tax cases in Brazil and India, for which contingent liabilities are disclosed on the basis of the current known possible exposure from tax assessment val ues. While not all of these cases are individually significant, the current aggregate known possible exposure from tax assessment values is up to approximately $788 million for Brazil and up to approximately $94 million for India. The group believes that the likelihood that the tax authorities will ultimately prevail is lower than probable but higher than remote. Due to the fiscal environment in Brazil and in India, the possibility of further tax assessments related to the same matters cannot be ruled out and the judicial processes may take extended periods to conclude. Based on its current assessment, Diageo believes that no provision is required in respect of these issues. Payments were made under protest in India in respect of the periods 1 April 2006 to 31 August 2024 in relation to tax assessments where the risk is considered to be remote or possible. These payments have to be made in order to be able to challenge the assessments and as such have been recognised as a receivable in the group's balance sheet. The total amount of payments under protest recognised as a receivable as at 31 December 2024 is $116 million (corporate tax payments of $105 million and indirect tax payments of $11 million ). (g) Other The group has extensive international operations and routinely makes judgements on a range of legal, customs and tax matters which are incidental to the group's operations. Some of these judgements are or may become the subject of challenges and involve proceedings, the outcome of which cannot be foreseen. In particular, the group is currently a defendant in various customs proceedings that challenge the declared customs value of products imported by certain Diageo companies. Diageo continues to defend its position vigorously in these proceedings. Save as disclosed above, neither Diageo, nor any member of the Diageo group, is or has been engaged in, nor (so far as Diageo is aware) is there pending or threatened by or against it, any legal or arbitration proceedings which may have a significant effect on the financial position of the Diageo group.

Related party transactions

Related party transactions	6 Months Ended
	Dec. 31, 2024
Disclosure of transactions between related parties [abstract]
Related party transactions	Related party transactions The group’s significant related parties are its associates, joint ventures, key management personnel and post-employment benefit plans. There were no transactions with these related parties during the six months ended 31 December 2024 on terms other than those that prevail in arm’s length transactions.

Basis of preparation (Policies)

Basis of preparation (Policies)	6 Months Ended
	Dec. 31, 2024
Basis Of Preparation [Abstract]
Basis of preparation	These unaudited condensed consolidated interim financial statements have been prepared in accordance with UK adopted International Accounting Standard 34, ‘Interim Financial Reporting’, IAS 34 ‘Interim Financial Reporting’ as issued by the International Accounting Standards Board (‘IASB’) and The Disclosure Guidance and Transparency Rules sourcebook of the UK’s Financial Conduct Authority. These financial statements should be read in conjunction with the company’s published consolidated financial statements for the year ended 30 June 2024, which were prepared in accordance with IFRS ® Accounting Standards adopted by the UK and IFRS Accounting Standards issued by IASB, including interpretations issued by the IFRS Interpretations Committee. IFRS Accounting Standards as adopted by the UK differs in certain respects from IFRS Accounting Standards as issued by the IASB, but the differences have no impact on the group’s consolidated financial statements for the periods presented. The condensed consolidated financial statements are prepared on a going concern basis under the historical cost convention, unless stated otherwise. In preparing these condensed consolidated interim financial statements, the significant judgements made by management when applying the group’s accounting policies and the significant areas where estimates were required were the same as those that applied to the consolidated financial statements for the year ended 30 June 2024, with the exception of changes in estimates disclosed in note 3 Exceptional items and note 14 Contingent liabilities and legal proceedings. These condensed consolidated interim financial statements were approved for issue on 3 February 2025. The financial statements for Diageo plc for the year ending 30 June 2025 will be prepared in accordance with IFRS Accounting Standards as adopted by the UK and IFRS Accounting Standards as issued by the IASB, including interpretations issued by the IFRS Interpretations Committee. Going concern Management prepared 18 month cash flow forecasts which reflect severe but plausible downside scenarios taking into consideration the group's principal risks. After consideration of the principal risks, they were consistent with the severe but plausible scenarios from those used at last year end. Even under these scenarios, the group’s liquidity is still expected to remain strong. Mitigating actions, should they be required, are all within management’s control and could include reductions in discretionary spending such as acquisitions and capital expenditure, lower level of marketing spend and investment in maturing stock, as well as a temporary suspension or reduction in its dividend to shareholders in the next 12 months, or drawdowns on committed facilities. Having considered the outcome of these assessments, the Directors are comfortable that the company is a going concern for at least 12 months from the date of signing the group's condensed consolidated interim financial statements. Exchange rates Weighted average exchange rates used in the translation of income statements were sterling – $ 1 = £0.78 (2023 – $ 1 = £0.80 ) and euro – $ 1 = €0.92 (2023 – $ 1 = €0.92 ). Exchange rates used to translate assets and liabilities at the balance sheet date were sterling – $ 1 = £0.80 ( 31 December 2023 – $ 1 = £0.79 ; 30 June 2024 – $1 = £0.79 ) and euro – $ 1 = €0.96 ( 31 December 2023 – $ 1 = €0.90 ; 30 June 2024 – $1 = €0.93 ). The group uses foreign exchange transaction hedges to mitigate the effect of exchange rate movements.
New accounting standards and interpretations	New accounting standards and interpretations The following amendments to the Accounting Standards, issued by the IASB and endorsed by the UK, were adopted by the group from 1 July 2024 with no material impact on the group’s consolidated results, financial position or disclosures: – Amendments to IAS 1 – Classification of Liabilities and Non-current Liabilities with Covenants – Amendments to IFRS 16 – Lease Liability in a Sale and Leaseback – Amendments to IAS 7 and IFRS 7 – Supplier Finance Arrangements .
Expected impact of initial application of new standards or interpretations that have not been adopted by the group	The following amendments issued by the IASB have been endorsed by the UK and have not yet been adopted by the group, which are not expected to have material impact on the group's consolidated results or financial position: – Amendments to IAS 21 – Lack of exchangeability (effective from the year ending 30 June 2026) . There are a number of other standards, amendments and clarifications to IFRS Accounting Standards effective in future years which are not expected to significantly impact the group’s consolidated results or financial position.

Segmental information (Tables)

Segmental information (Tables)	6 Months Ended
	Dec. 31, 2024
Disclosure of operating segments [abstract]
Schedule of segmental information	(a) Segmental information for the consolidated income statement North America Europe Asia Pacific Latin America and Caribbean Africa SC&P Eliminate inter- segment sales Total operating segments Corporate and other Total Six months ended 31 December 2024 $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Sales 4,403 4,440 3,480 1,371 1,412 2,032 (2,032) 15,106 70 15,176 Net sales At budgeted exchange rates (1) 4,088 2,455 2,095 1,117 828 2,167 (2,121) 10,629 69 10,698 Acquisitions and disposals 5 6 4 3 117 — — 135 — 135 SC&P allocation 5 27 5 7 2 (46) — — — — Retranslation to actual exchange rates (3) 78 6 (80) (8) (89) 89 (7) 1 (6) Hyperinflation — 66 — 3 5 — — 74 — 74 Net sales 4,095 2,632 2,110 1,050 944 2,032 (2,032) 10,831 70 10,901 Operating profit/(loss) At budgeted exchange rates (1) 1,547 762 639 385 162 22 — 3,517 (181) 3,336 Acquisitions and disposals (9) 3 1 1 34 — — 30 — 30 SC&P allocation 16 7 (2) 1 — (22) — — — — Retranslation to actual exchange rates 77 35 7 (44) (21) — — 54 (20) 34 Hyperinflation — (10) — (9) (9) — — (28) — (28) Operating profit/(loss) before exceptional items 1,631 797 645 334 166 — — 3,573 (201) 3,372 Exceptional operating items (2) (14) (183) (18) (2) — — — (217) — (217) Operating profit/(loss) 1,617 614 627 332 166 — — 3,356 (201) 3,155 Non-operating items (54) Net finance charges (442) Share of after tax results of associates and joint ventures 115 Profit before taxation 2,774 North America Europe Asia Pacific Latin America and Caribbean Africa SC&P Eliminate inter- segment sales Total operating segments Corporate and other Total Six months ended 31 December 2023 $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Sales 4,411 4,349 3,564 1,442 1,352 1,842 (1,842) 15,118 63 15,181 Net sales At budgeted exchange rates (1) 4,077 2,356 2,226 1,004 1,115 1,797 (1,742) 10,833 61 10,894 Acquisitions and disposals 2 25 24 — 65 — — 116 — 116 SC&P allocation 7 34 6 6 2 (55) — — — — Retranslation to actual exchange rates (2) 11 (50) 59 (211) 100 (100) (193) 2 (191) Hyperinflation — 139 — — 4 — — 143 — 143 Net sales 4,084 2,565 2,206 1,069 975 1,842 (1,842) 10,899 63 10,962 Operating profit/(loss) At budgeted exchange rates (1) 1,672 784 729 337 245 (14) — 3,753 (144) 3,609 Acquisitions and disposals (12) (6) 7 — 15 — — 4 — 4 SC&P allocation (7) (4) (1) (2) — 14 — — — — Fair value remeasurements 23 — — (24) — — — (1) — (1) Retranslation to actual exchange rates 49 25 (46) 5 (120) — — (87) (3) (90) Hyperinflation — (2) — — (10) — — (12) — (12) Operating profit/(loss) before exceptional items 1,725 797 689 316 130 — — 3,657 (147) 3,510 Exceptional operating items (2) (182) (11) — — — — — (193) — (193) Operating profit/(loss) 1,543 786 689 316 130 — — 3,464 (147) 3,317 Non-operating items (60) Net finance charges (431) Share of after tax results of associates and joint ventures 253 Profit before taxation 3,079 (1) These items represent the IFRS 8 performance measures for the geographical and SC&P segments. (2) For definition and details of exceptional items, see pag es F-11-F-13. (i) The net sales figures for SC&P reported to the Executive Committee primarily comprise inter-segment sales and these are eliminated in a separate column in the above segmental analysis. Apart from sales by the SC&P segment to the geographical segments, inter-segment sales are not material. (ii) Approximately 38% of calendar year net sales occurred in the last four months of 2024.
Schedule Of Category And Geographical Analysis	(b) Category and geographical analysis Category analysis Geographical analysis Spirits $ million Beer $ million Ready to drink $ million Other $ million Total $ million United States $ million India $ million Great Britain $ million Rest of world $ million Total $ million Six months ended 31 December 2024 Sales (1) 12,318 2,234 493 131 15,176 4,171 1,744 1,622 7,639 15,176 Six months ended 31 December 2023 Sales (1) 12,409 2,063 496 213 15,181 4,158 1,687 1,571 7,765 15,181 (1) The geographical analysis of sales is based on the location of third-party sales.

Exceptional items (Tables)

Exceptional items (Tables)	6 Months Ended
	Dec. 31, 2024
Exceptional Items [Abstract]
Schedule of exceptional items	Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Exceptional operating items Distribution model change in France (1) (145) — Supply chain agility programme (2) (72) (31) Brand impairment (3) — (54) Various dispute and litigation matters (4) — (108) (217) (193) Non-operating items Sale of businesses and brands Guinness Nigeria PLC (5) (114) — Pampero brand (6) 53 — Safari brand (7) 15 — Guinness Cameroun S.A. (8) (8) (11) Windsor business (9) — (53) USL Popular brands (10) — 4 (54) (60) Exceptional items before taxation (271) (253) Items included in taxation Tax on exceptional operating items 44 43 Tax on exceptional non-operating items (12) (1) 32 42 Total exceptional items (239) (211) Attributable to: Equity shareholders of the parent company (235) (213) Non-controlling interests (4) 2 Total exceptional items (239) (211)

Finance income and charges (Tab

Finance income and charges (Tables)	6 Months Ended
	Dec. 31, 2024
Analysis of income and expense [abstract]
Schedule of finance income and charges	Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Interest income 90 106 Fair value gain on financial instruments 78 110 Total interest income 168 216 Interest charge on bonds, commercial paper, bank loans and overdrafts (369) (324) Interest charge on finance leases (14) (10) Other interest charges (160) (223) Fair value loss on financial instruments (78) (113) Total interest charges (621) (670) Net interest charges (453) (454) Net finance income in respect of post-employment plans in surplus 21 28 Monetary gain on hyperinflation in various economies (1) 21 32 Interest income in respect of direct and indirect tax 4 3 Change in financial liability (Level 3) 6 8 Total other finance income 52 71 Net finance charge in respect of post-employment plans in deficit (4) (10) Interest charge in respect of direct and indirect tax (22) (17) Unwinding of discounts (8) (11) Other finance charges (7) (10) Total other finance charges (41) (48) Net other finance income 11 23

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 31, 2024
Inventories [Abstract]
Schedule of inventories	31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Raw materials and consumables 622 639 730 Work in progress 132 118 156 Maturing inventories 7,799 7,832 7,697 Finished goods and goods for resale 1,146 1,131 1,257 9,699 9,720 9,840

Net borrowings (Tables)

Net borrowings (Tables)	6 Months Ended
	Dec. 31, 2024
Borrowings [abstract]
Schedule of net borrowings	31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Borrowings due within one year and bank overdrafts (2,496) (2,885) (2,004) Borrowings due after one year (19,224) (18,616) (19,476) Fair value of foreign currency forwards and swaps 309 334 406 Fair value of interest rate hedging instruments (298) (376) (366) Lease liabilities (623) (604) (572) (22,332) (22,147) (22,012) Cash and cash equivalents 1,656 1,130 1,529 (20,676) (21,017) (20,483)

Reconciliation of movement in_2

Reconciliation of movement in net borrowings (Tables)	6 Months Ended
	Dec. 31, 2024
Borrowings [abstract]
Schedule of movement in net borrowings	Six months ended 31 December 2024 Six months ended 31 December 2023 $ million $ million Net increase/(decrease) in cash and cash equivalents before exchange 594 (241) Net increase in bonds and other borrowings (375) (227) Net decrease/(increase) in net borrowings from cash flows 219 (468) Exchange differences on net borrowings 111 (399) Other non-cash items (1) 11 (34) Net borrowings at beginning of the period (21,017) (19,582) Net borrowings at end of the period (20,676) (20,483) (1) In the six months ended 31 December 2024, other non-cash items were principally in respect of fair value gains of cross currency interest rate hedging instruments offsetting leases entered into during the period and fair value losses on borrowings. In the six months ended 31 December 2023, other non-cash items were principally in respect of additional leases entered into during the period partially offset by fair value movements of interest rate hedging instruments.

Financial instruments (Tables)

Financial instruments (Tables)	6 Months Ended
	Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]
Schedule of financial assets and liabilities measured at fair value	The group’s financial assets and liabilities measured at fair value are categorised as follows: 31 December 2024 30 June 2024 31 December 2023 $ million $ million $ million Derivative assets 469 497 703 Derivative liabilities (540) (486) (440) Valuation techniques based on observable market input (Level 2) (71) 11 263 Financial assets - other 337 333 281 Financial liabilities - other (419) (443) (599) Valuation techniques based on unobservable market input (Level 3) (82) (110) (318)
Schedule of movements in level 3 instruments	The movements in level 3 liability instruments, measured on a recurring basis, are as follows: Zacapa financial liability Contingent consideration recognised on acquisition of businesses Zacapa financial liability Contingent consideration recognised on acquisition of businesses Six months ended 31 December 2024 Six months ended 31 December 2024 Six months ended 31 December 2023 Six months ended 31 December 2023 $ million $ million $ million $ million At the beginning of the period (198) (245) (274) (391) Net gains/(losses) included in the income statement 6 (2) 8 15 Net gains included in exchange in other comprehensive income — 3 — — Net gains included in retained earnings 11 — 40 — Settlement of liabilities 1 5 2 1 At the end of the period (180) (239) (224) (375)

Dividends and other reserves (T

Dividends and other reserves (Tables)	6 Months Ended
	Dec. 31, 2024
Share Capital, Reserves And Other Equity Interest [Abstract]
Schedule of dividends	Six months ended 31 December 2024 Six months ended 31 December 2023 Amounts recognised as distributions to equity shareholders $ million $ million Final dividend for the year ended 30 June 2024 of 62.98 cents per share ( 2023 - 59.98 cents) 1,399 1,349

Acquisition of businesses (Tabl

Acquisition of businesses (Tables)	6 Months Ended
	Dec. 31, 2024
Business Combination [Abstract]
Disclosure of acquisition and sale of businesses and purchase of non controlling interests	Acquisitions $ million Brands 43 Inventories 3 Other working capital 2 Cash 2 Fair value of assets and liabilities 50 Goodwill arising on acquisition 21 Step acquisition (26) Consideration payable 45 Satisfied by: Cash consideration paid (25) Deferred consideration payable (20) (45)
Schedule of cash consideration paid in respect of acquisition of businesses and purchase of shares of non-controlling interests	Consideration $ million Acquisitions in the period - subsidiaries Cash consideration paid (25) Cash acquired 2 Prior year acquisitions - subsidiaries Other consideration (6) Investment in associates Capital injections (1) (47) Net cash outflow on acquisition of businesses (76) (1) Additional investments in a number of Distill Ventures associates.

Sale of businesses (Tables)

Sale of businesses (Tables)	6 Months Ended
	Dec. 31, 2024
Disclosure of business disposal [abstract]
Schedule Of Cash Consideration Received And Net Assets Disposed Of In Sale Of Businesses And Brands	Cash consideration received and net assets disposed of in respect of sale of businesses and brands in the six months ended 31 December 2024 were as follows: Guinness Nigeria PLC $ million Other $ million Total $ million Sale consideration Cash received 64 62 126 Transaction and other directly attributable costs paid (9) (1) (10) Net cash received 55 61 116 Transaction costs payable and other directly attributable items (8) 1 (7) 47 62 109 Net assets disposed of Assets and liabilities held for sale 25 — 25 Inventories — (2) (2) 25 (2) 23 Less non-controlling interest (11) — (11) Exchange recycled from other comprehensive income (175) — (175) (Loss)/gain on disposal before taxation (114) 60 (54) Taxation (1) (11) (12) (Loss)/gain on disposal after taxation (115) 49 (66)

Assets and liabilities held f_2

Assets and liabilities held for sale (Tables)	6 Months Ended
	Dec. 31, 2024
Assets And Liabilities Held For Sale [Abstract]
Schedule of assets and liabilities held for sale	31 December 2024 30 June 2024 $ million $ million Intangible assets 86 — Property, plant and equipment 137 52 Deferred tax assets — 18 Inventories 26 20 Trade and other receivables 20 10 Corporate tax receivables 3 — Cash 30 30 Assets held for sale 302 130 Trade and other payables (61) (44) Corporate tax payables — (1) Provisions — (3) Deferred tax liabilities (20) — Liabilities held for sale (81) (48) Total 221 82

Basis of preparation - Narrativ

Basis of preparation - Narrative (Details)	6 Months Ended
	Dec. 31, 2024 € / $ £ / $	Dec. 31, 2023 € / $ £ / $	Jun. 30, 2024 € / $ £ / $
Pound Sterling
Disclosure of foreign exchange rates [Line Items]
Weighted average exchange rate used in the translation of income statements | £ / $	0.78	0.80
Exchange rates used to translate assets and liabilities | £ / $	0.80	0.79	0.79
Euro
Disclosure of foreign exchange rates [Line Items]
Weighted average exchange rate used in the translation of income statements | € / $	0.92	0.92
Exchange rates used to translate assets and liabilities | € / $	0.96	0.90	0.93

Segmental information - Consoli

Segmental information - Consolidated income statement (Details) - USD ($) $ in Millions	4 Months Ended	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Disclosure of operating segments [line items]
Sales		$ 15,176	$ 15,181
Net sales
At budgeted exchange rates(1)		10,698	10,894
Acquisitions and disposals		135	116
SC&P allocation		0	0
Retranslation to actual exchange rates		(6)	(191)
Hyperinflation		74	143
Net sales		10,901	10,962
Operating profit/(loss)
At budgeted exchange rates(1)		3,336	3,609
Acquisitions and disposals		30	4
SC&P allocation		0	0
Fair value remeasurements			(1)
Retranslation to actual exchange rates		34	(90)
Hyperinflation		(28)	(12)
Operating profit/(loss) before exceptional items		3,372	3,510
Exceptional operating items(2)		(217)	(193)
Operating profit/(loss)		3,155	3,317
Non-operating items		(54)	(60)
Net finance charges		(442)	(431)
Share of after tax results of associates and joint ventures		115	253
Profit before taxation		2,774	3,079
Percentage of calendar year net sales that occur in the last four months	38%
Operating segments
Disclosure of operating segments [line items]
Sales		15,106	15,118
Net sales
At budgeted exchange rates(1)		10,629	10,833
Acquisitions and disposals		135	116
SC&P allocation		0	0
Retranslation to actual exchange rates		(7)	(193)
Hyperinflation		74	143
Net sales		10,831	10,899
Operating profit/(loss)
At budgeted exchange rates(1)		3,517	3,753
Acquisitions and disposals		30	4
SC&P allocation		0	0
Fair value remeasurements			(1)
Retranslation to actual exchange rates		54	(87)
Hyperinflation		(28)	(12)
Operating profit/(loss) before exceptional items		3,573	3,657
Exceptional operating items(2)		(217)	(193)
Operating profit/(loss)		3,356	3,464
Eliminate intersegment sales
Disclosure of operating segments [line items]
Sales		(2,032)	(1,842)
Net sales
At budgeted exchange rates(1)		(2,121)	(1,742)
Acquisitions and disposals		0	0
SC&P allocation		0	0
Retranslation to actual exchange rates		89	(100)
Hyperinflation		0	0
Net sales		(2,032)	(1,842)
Corporate and other
Disclosure of operating segments [line items]
Sales		70	63
Net sales
At budgeted exchange rates(1)		69	61
Acquisitions and disposals		0	0
SC&P allocation		0	0
Retranslation to actual exchange rates		1	2
Hyperinflation		0	0
Net sales		70	63
Operating profit/(loss)
At budgeted exchange rates(1)		(181)	(144)
Acquisitions and disposals		0	0
SC&P allocation		0	0
Fair value remeasurements			0
Retranslation to actual exchange rates		(20)	(3)
Hyperinflation		0	0
Operating profit/(loss) before exceptional items		(201)	(147)
Exceptional operating items(2)		0	0
Operating profit/(loss)		(201)	(147)
North America | Operating segments
Disclosure of operating segments [line items]
Sales		4,403	4,411
Net sales
At budgeted exchange rates(1)		4,088	4,077
Acquisitions and disposals		5	2
SC&P allocation		5	7
Retranslation to actual exchange rates		(3)	(2)
Hyperinflation		0	0
Net sales		4,095	4,084
Operating profit/(loss)
At budgeted exchange rates(1)		1,547	1,672
Acquisitions and disposals		(9)	(12)
SC&P allocation		16	(7)
Fair value remeasurements			23
Retranslation to actual exchange rates		77	49
Hyperinflation		0	0
Operating profit/(loss) before exceptional items		1,631	1,725
Exceptional operating items(2)		(14)	(182)
Operating profit/(loss)		1,617	1,543
Europe | Operating segments
Disclosure of operating segments [line items]
Sales		4,440	4,349
Net sales
At budgeted exchange rates(1)		2,455	2,356
Acquisitions and disposals		6	25
SC&P allocation		27	34
Retranslation to actual exchange rates		78	11
Hyperinflation		66	139
Net sales		2,632	2,565
Operating profit/(loss)
At budgeted exchange rates(1)		762	784
Acquisitions and disposals		3	(6)
SC&P allocation		7	(4)
Fair value remeasurements			0
Retranslation to actual exchange rates		35	25
Hyperinflation		(10)	(2)
Operating profit/(loss) before exceptional items		797	797
Exceptional operating items(2)		(183)	(11)
Operating profit/(loss)		614	786
Asia Pacific | Operating segments
Disclosure of operating segments [line items]
Sales		3,480	3,564
Net sales
At budgeted exchange rates(1)		2,095	2,226
Acquisitions and disposals		4	24
SC&P allocation		5	6
Retranslation to actual exchange rates		6	(50)
Hyperinflation		0	0
Net sales		2,110	2,206
Operating profit/(loss)
At budgeted exchange rates(1)		639	729
Acquisitions and disposals		1	7
SC&P allocation		(2)	(1)
Fair value remeasurements			0
Retranslation to actual exchange rates		7	(46)
Hyperinflation		0	0
Operating profit/(loss) before exceptional items		645	689
Exceptional operating items(2)		(18)	0
Operating profit/(loss)		627	689
Latin America and Caribbean | Operating segments
Disclosure of operating segments [line items]
Sales		1,371	1,442
Net sales
At budgeted exchange rates(1)		1,117	1,004
Acquisitions and disposals		3	0
SC&P allocation		7	6
Retranslation to actual exchange rates		(80)	59
Hyperinflation		3	0
Net sales		1,050	1,069
Operating profit/(loss)
At budgeted exchange rates(1)		385	337
Acquisitions and disposals		1	0
SC&P allocation		1	(2)
Fair value remeasurements			(24)
Retranslation to actual exchange rates		(44)	5
Hyperinflation		(9)	0
Operating profit/(loss) before exceptional items		334	316
Exceptional operating items(2)		(2)	0
Operating profit/(loss)		332	316
Africa | Operating segments
Disclosure of operating segments [line items]
Sales		1,412	1,352
Net sales
At budgeted exchange rates(1)		828	1,115
Acquisitions and disposals		117	65
SC&P allocation		2	2
Retranslation to actual exchange rates		(8)	(211)
Hyperinflation		5	4
Net sales		944	975
Operating profit/(loss)
At budgeted exchange rates(1)		162	245
Acquisitions and disposals		34	15
SC&P allocation		0	0
Fair value remeasurements			0
Retranslation to actual exchange rates		(21)	(120)
Hyperinflation		(9)	(10)
Operating profit/(loss) before exceptional items		166	130
Exceptional operating items(2)		0	0
Operating profit/(loss)		166	130
SC&P | Operating segments
Disclosure of operating segments [line items]
Sales		2,032	1,842
Net sales
At budgeted exchange rates(1)		2,167	1,797
Acquisitions and disposals		0	0
SC&P allocation		(46)	(55)
Retranslation to actual exchange rates		(89)	100
Hyperinflation		0	0
Net sales		2,032	1,842
Operating profit/(loss)
At budgeted exchange rates(1)		22	(14)
Acquisitions and disposals		0	0
SC&P allocation		(22)	14
Fair value remeasurements			0
Retranslation to actual exchange rates		0	0
Hyperinflation		0	0
Operating profit/(loss) before exceptional items		0	0
Exceptional operating items(2)		0	0
Operating profit/(loss)		$ 0	$ 0

Segmental information - Categor

Segmental information - Category analysis (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of products and services [line items]
Sales	$ 15,176	$ 15,181
Spirits
Disclosure of products and services [line items]
Sales	12,318	12,409
Beer
Disclosure of products and services [line items]
Sales	2,234	2,063
Ready To Drink
Disclosure of products and services [line items]
Sales	493	496
Other
Disclosure of products and services [line items]
Sales	$ 131	$ 213

Segmental information - Geograp

Segmental information - Geographical analysis (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of geographical areas [line items]
Sales	$ 15,176	$ 15,181
United States
Disclosure of geographical areas [line items]
Sales	4,171	4,158
India
Disclosure of geographical areas [line items]
Sales	1,744	1,687
Great Britain
Disclosure of geographical areas [line items]
Sales	1,622	1,571
Rest of World
Disclosure of geographical areas [line items]
Sales	$ 7,639	$ 7,765

Exceptional items (Details)

Exceptional items (Details) $ in Millions, ₩ in Billions		6 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 KRW (₩)
Disclosure Of Exceptional Items [Line Items]
Operating profit		$ 3,155	$ 3,317
Non-operating items		54	60
Exceptional items before taxation		2,774	3,079
Taxation		(699)	(737)
Profit for the period		2,075	2,342
Attributable to:
Equity shareholders of the parent company		1,935	2,210
Non-controlling interests		140	132
Profit for the period		2,075	2,342
Guinness Nigeria PLC (5)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		114
Attributable to:
Exchange recycled from other comprehensive income		175
Consideration received	$ 64
Windsor business (9)
Disclosure Of Exceptional Items [Line Items]
Non-operating items			53
Attributable to:
Exchange recycled from other comprehensive income			26
Consideration received			152	₩ 206
USL Popular brands (10)
Disclosure Of Exceptional Items [Line Items]
Non-operating items			(4)
Total exceptional items
Disclosure Of Exceptional Items [Line Items]
Operating profit		(217)	(193)
Non-operating items		54	60
Exceptional items before taxation		(271)	(253)
Taxation		32	42
Profit for the period		(239)	(211)
Attributable to:
Equity shareholders of the parent company		(235)	(213)
Non-controlling interests		(4)	2
Profit for the period		(239)	(211)
Distribution model change in France (1)
Disclosure Of Exceptional Items [Line Items]
Other expenses		(145)	0
Supply chain agility programme (2)
Disclosure Of Exceptional Items [Line Items]
Other expenses		$ (72)	(31)
Attributable to:
Spanning programme, period		5 years
Restructuring cash expenditure		$ 13	11
Brand impairment (3)
Disclosure Of Exceptional Items [Line Items]
Brand impairment (3)		0	54
Brand impairment (3) | North America
Disclosure Of Exceptional Items [Line Items]
Profit for the period			(41)
Attributable to:
Profit for the period			(41)
Deferred tax expense (income) recognised in profit or loss			13
Various dispute and litigation matters (4)
Disclosure Of Exceptional Items [Line Items]
Other expenses		0	(108)
Guinness Nigeria PLC (5)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		114	0
Pampero brand (6)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		(53)	0
Safari brand (7)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		(15)	0
Guinness Cameroun S.A. (8)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		8	11
Windsor business (9)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		0	53
USL Popular brands (10)
Disclosure Of Exceptional Items [Line Items]
Non-operating items		0	(4)
Tax on exceptional operating items
Disclosure Of Exceptional Items [Line Items]
Taxation		44	43
Tax on exceptional non-operating items
Disclosure Of Exceptional Items [Line Items]
Taxation		$ (12)	$ (1)

Finance income and charges - Sc

Finance income and charges - Schedule of finance income and charges (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure Of Finance Income And Charges [Line Items]
Interest income	$ 90	$ 106
Fair value gain on financial instruments	78	110
Total interest income	168	216
Interest charge on bonds, commercial paper, bank loans and overdrafts	(369)	(324)
Interest charge on finance leases	(14)	(10)
Other interest charges	(160)	(223)
Fair value loss on financial instruments	(78)	(113)
Total interest charges	(621)	(670)
Net interest charges	(453)	(454)
Net finance income in respect of post-employment plans in surplus	21	28
Monetary gain on hyperinflation in various economies (1)	21	32
Interest income in respect of direct and indirect tax	4	3
Change in financial liability (Level 3)	6	8
Total other finance income	52	71
Net finance charge in respect of post-employment plans in deficit	(4)	(10)
Interest charge in respect of direct and indirect tax	(22)	(17)
Unwinding of discounts	(8)	(11)
Other finance charges	(7)	(10)
Total other finance charges	(41)	(48)
Net other finance income	$ 11	$ 23

Finance income and charges - Na

Finance income and charges - Narrative (Details)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
TURKEY
Disclosure of geographical areas [line items]
Movement in Price Index in hyperinflationary economy	16%	38%
GHANA
Disclosure of geographical areas [line items]
Movement in Price Index in hyperinflationary economy	10%	9%
Venezuela
Disclosure of geographical areas [line items]
Movement in Price Index in hyperinflationary economy	36%	54%

Taxation (Details)

Taxation (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Disclosure of geographical areas [line items]
Tax charge	$ 699	$ 737
Corporate tax receivables	235	274	$ 304
Corporate tax liabilities	191	$ 253	136
Provision for tax uncertainties	$ 199		$ 209
The tax rate before exceptional items	24%	23.40%
Great Britain
Disclosure of geographical areas [line items]
Tax charge	$ 100	$ 116
Foreign
Disclosure of geographical areas [line items]
Tax charge	$ 599	$ 621

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Inventories [Abstract]
Raw materials and consumables	$ 622	$ 639	$ 730
Work in progress	132	118	156
Maturing inventories	7,799	7,832	7,697
Finished goods and goods for resale	1,146	1,131	1,257
Inventories	$ 9,699	$ 9,720	$ 9,840

Net borrowings - Schedule of ne

Net borrowings - Schedule of net borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Borrowings [abstract]
Borrowings due within one year and bank overdrafts	$ (2,496)	$ (2,885)	$ (2,004)
Borrowings due after one year	(19,224)	(18,616)	(19,476)
Fair value of foreign currency forwards and swaps	309	334	406
Fair value of interest rate hedging instruments	(298)	(376)	(366)
Lease liabilities	(623)	(604)	(572)
Gross borrowings	(22,332)	(22,147)	(22,012)
Cash and cash equivalents	1,656	1,130	1,529
Net borrowings	$ (20,676)	$ (21,017)	$ (20,483)	$ (19,582)

Reconciliation of movement in_3

Reconciliation of movement in net borrowings - Movement in net borrowings (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Borrowings [abstract]
Net increase/(decrease) in cash and cash equivalents before exchange	$ 594	$ (241)
Net increase in bonds and other borrowings(1)	(375)	(227)
Net decrease/(increase) in net borrowings from cash flows	219	(468)
Exchange differences on net borrowings	111	(399)
Other non-cash items(1)	11	(34)
Net borrowings at beginning of the period	(21,017)	(19,582)
Net borrowings at end of the period	$ (20,676)	$ (20,483)

Reconciliation of movement in_4

Reconciliation of movement in net borrowings - Narrative (Details) € in Millions, $ in Millions	6 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2024 EUR (€)
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Bonds issued			$ 1,700		€ 1,900
Bond issued net of discount and fee	$ 2,106		1,690
Repayment of bonds	1,158		1,132
800 million dollars 5.375% bonds due 2026
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Notional amount bonds			$ 800
Borrowings, interest rate			5.375%
900 million dollars 5.625% bonds due 2033
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Notional amount bonds			$ 900
Borrowings, interest rate			5.625%
600 million euro 0.125% bonds due 2023
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Repayment of bonds			$ 632	€ 600
500 million dollars 3.5% bonds due 2023
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Repayment of bonds			$ 500
600 million dollars 2.125% bonds due 2024
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Repayment of bonds	600
500 million euro 1.75% bonds due 2024
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Repayment of bonds	558	€ 500
700 million euro 3.375% bonds due 2035
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Notional amount bonds	$ 776				€ 700
Borrowings, interest rate	3.375%				3.375%
700 million euro 3.125% bonds due 2031
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Notional amount bonds	$ 780				€ 700
Borrowings, interest rate	3.125%				3.125%
500 million euro 3.75% bonds due 2031
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Notional amount bonds	$ 550				€ 500
Borrowings, interest rate	3.75%				3.75%

Financial instruments - Narrati

Financial instruments - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about financial instruments [line items]
Financial liability including put option	$ 470	$ 371	$ 348
Fair value of gross borrowings	21,720		(21,501)
Level 3
Disclosure of detailed information about financial instruments [line items]
Contingent consideration included in other financial liabilities	419	599	443
Increase (Decrease) in financial assets	4	32
Level 1 | Fair value
Disclosure of detailed information about financial instruments [line items]
Fair value of gross borrowings	21,050		20,663
Contingent consideration payable | Volume, Measurement Input
Disclosure of detailed information about financial instruments [line items]
Increase in fair value of liability	25
Decrease in fair value of liability	$ 70
Percentage of reasonably possible increase in unobservable input, liabilities	10%
Percentage of reasonably possible decrease in unobservable input, liabilities	20%
Contingent consideration payable | Cash Flows, Measurement Input
Disclosure of detailed information about financial instruments [line items]
Increase in fair value of liability	$ 30
Decrease in fair value of liability	$ 30
Percentage of reasonably possible increase in unobservable input, liabilities	10%
Percentage of reasonably possible decrease in unobservable input, liabilities	10%
Contingent consideration payable | Level 3
Disclosure of detailed information about financial instruments [line items]
Contingent consideration included in other financial liabilities	$ 239	$ 375	245	$ 391
Total for all business combinations
Disclosure of detailed information about financial instruments [line items]
Contingent consideration payment period	6 years
Total for all business combinations | Contingent consideration payable | Undiscounted amount
Disclosure of detailed information about financial instruments [line items]
Contingent consideration included in other financial liabilities	$ 263		273
Total for all business combinations | Contingent consideration payable | Volume, Measurement Input
Disclosure of detailed information about financial instruments [line items]
Contingent consideration included in other financial liabilities	148		153
Total for all business combinations | Contingent consideration payable | Performance obligations [domain]
Disclosure of detailed information about financial instruments [line items]
Contingent consideration included in other financial liabilities	$ 91		92
Industrias Licoreras de Guatemala
Disclosure of detailed information about financial instruments [line items]
Equity stake held by external party	50%
Industrias Licoreras de Guatemala | Level 3
Disclosure of detailed information about financial instruments [line items]
Financial liability including put option	$ 180		$ 198

Financial instruments - Schedul

Financial instruments - Schedule of financial assets and liabilities measured at fair value (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Valuation techniques based on observable market input (Level 2)
Disclosure of detailed information about financial instruments [line items]
Derivative assets	$ 469	$ 497	$ 703
Derivative liabilities	(540)	(486)	(440)
Financial assets/(liabilities)	(71)	11	263
Valuation techniques based on unobservable market input (Level 3)
Disclosure of detailed information about financial instruments [line items]
Financial assets/(liabilities)	(82)	(110)	(318)
Financial assets - other	337	333	281
Financial liabilities - other	$ (419)	$ (443)	$ (599)

Financial instruments - Movemen

Financial instruments - Movements in level 3 instruments measured on a recurring basis (Details) - Level 3 - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disclosure of fair value measurement of liabilities [line items]
At the beginning of the period	$ (443)
At the end of the period	(419)	$ (599)
Zacapa financial liability
Disclosure of fair value measurement of liabilities [line items]
At the beginning of the period	(198)	(274)
Net gains/(losses) included in the income statement	6	8
Net gains included in exchange in other comprehensive income	0	0
Net gains included in retained earnings	11	40
Settlement of liabilities	1	2
At the end of the period	(180)	(224)
Contingent consideration recognised on acquisition of businesses
Disclosure of fair value measurement of liabilities [line items]
At the beginning of the period	(245)	(391)
Net gains/(losses) included in the income statement	(2)	15
Net gains included in exchange in other comprehensive income	3	0
Net gains included in retained earnings	0	0
Settlement of liabilities	5	1
At the end of the period	$ (239)	$ (375)

Dividends and other reserves -

Dividends and other reserves - Schedule of dividends (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Capital, Reserves And Other Equity Interest [Abstract]
Final dividend for the year ended 30 June 2024 of 62.98 cents per share (2023 - 59.98 cents)	$ 1,399	$ 1,349
Final dividend per share (in USD per share)			$ 0.6298	$ 0.5998

Dividends and other reserves _2

Dividends and other reserves - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Feb. 03, 2025	Dec. 31, 2023	Dec. 31, 2024	Jun. 30, 2024
Disclosure of reserves within equity [line items]
Other reserves		$ 502	$ (464)	$ (91)
Capital redemption reserve		4,076	4,082
Hedging reserve surplus/(deficit)		270	121
Exchange reserve deficit		(3,844)	(4,667)
Interest rate risk | Hedges of net investment in foreign operations
Disclosure of reserves within equity [line items]
Hedging reserve surplus/(deficit)		$ (60)	$ 9
Major ordinary share transactions
Disclosure of reserves within equity [line items]
Interim dividend per share (in USD per share)	$ 0.4050	$ 0.4050

Acquisition of businesses and p

Acquisition of businesses and purchase of non-controlling interests - Fair value of assets and liabilities acquired in respect of acquisition of businesses (Details) $ in Millions	Dec. 31, 2024 USD ($)
Disclosure of detailed information about business combination [line items]
Cash	$ 2
Step acquisition	(26)
Consideration payable	45
Cash consideration paid	(25)
Fair value
Disclosure of detailed information about business combination [line items]
Brands	43
Inventories	3
Other working capital	2
Cash	2
Fair value of assets and liabilities	50
Goodwill arising on acquisition	21
Deferred consideration payable
Disclosure of detailed information about business combination [line items]
Deferred consideration payable	$ (20)

Acquisition of businesses - Sch

Acquisition of businesses - Schedule of cash consideration paid in respect of acquisition of businesses and purchase of shares of non-controlling interests (Details) $ in Millions	6 Months Ended
	Dec. 31, 2024 USD ($)
Disclosure of detailed information about business combination [line items]
Cash consideration paid	$ (25)
Cash acquired	2
Net cash outflow on acquisition of businesses	(76)
Acquisition in subsidiaries
Disclosure of detailed information about business combination [line items]
Cash consideration paid	(25)
Acquisition in subsidiaries | Prior year acquisitions - subsidiaries
Disclosure of detailed information about business combination [line items]
Other consideration	6
Aggregated individually immaterial associates
Disclosure of detailed information about business combination [line items]
Capital injection	$ (47)

Sale of businesses - Narrative

Sale of businesses - Narrative (Details) - USD ($) $ in Millions				6 Months Ended
	Oct. 15, 2024	Sep. 30, 2024	Sep. 19, 2024	Dec. 31, 2024	Dec. 31, 2023
Disclosure of business disposal [line items]
Non-operating gains (losses)				$ (54)	$ (60)
Guinness Nigeria PLC (5)
Disclosure of business disposal [line items]
Consideration received		$ 64
Decrease through loss of control of subsidiary, property, plant and equipment		$ 25
Non-operating gains (losses)				(114)
Exchange recycled from other comprehensive income				(175)
Pampero Brand and Inventory
Disclosure of business disposal [line items]
Consideration received	$ 57
Non-operating gains (losses)				53
Safari brand (7)
Disclosure of business disposal [line items]
Consideration received			$ 16
Non-operating gains (losses)				15
Guinness Cameroon S.A.
Disclosure of business disposal [line items]
Non-operating gains (losses)				$ (8)

Sale of businesses (Details)

Sale of businesses (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Disclosure of business disposal [line items]
Net assets disposed of	$ (12,405)	$ (11,724)	$ (12,070)
Non-controlling interests	(2,121)	(1,933)	$ (2,038)
(Loss)/gain on disposal before taxation	2,774	3,079
Taxation	(699)	(737)
Profit (loss)	2,075	$ 2,342
Disposal group, disposed of by sale, not discontinued operations
Disclosure of business disposal [line items]
Cash received	126
Transaction and other directly attributable costs paid	(10)
Net cash received	116
Transaction costs payable and other directly attributable items	(7)
Consideration received sale of businesses and intangible assets	109
Assets and liabilities held for sale	25
Inventories	(2)
Net assets disposed of	23
Non-controlling interests	(11)
Exchange recycled from other comprehensive income	(175)
(Loss)/gain on disposal before taxation	(54)
Taxation	(12)
Profit (loss)	(66)
Guinness Nigeria PLC (5) | Disposal group, disposed of by sale, not discontinued operations
Disclosure of business disposal [line items]
Cash received	64
Transaction and other directly attributable costs paid	(9)
Net cash received	55
Transaction costs payable and other directly attributable items	(8)
Consideration received sale of businesses and intangible assets	47
Assets and liabilities held for sale	25
Inventories	0
Net assets disposed of	25
Non-controlling interests	(11)
Exchange recycled from other comprehensive income	(175)
(Loss)/gain on disposal before taxation	(114)
Taxation	(1)
Profit (loss)	(115)
Other individually immaterial business disposed | Disposal group, disposed of by sale, not discontinued operations
Disclosure of business disposal [line items]
Cash received	62
Transaction and other directly attributable costs paid	(1)
Net cash received	61
Transaction costs payable and other directly attributable items	1
Consideration received sale of businesses and intangible assets	62
Assets and liabilities held for sale	0
Inventories	(2)
Net assets disposed of	(2)
Non-controlling interests	0
Exchange recycled from other comprehensive income	0
(Loss)/gain on disposal before taxation	60
Taxation	(11)
Profit (loss)	$ 49

Assets and liabilities held f_3

Assets and liabilities held for sale - Schedule of assets and liabilities held for sale (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Disclosure Of Assets and Liabilities Held For Sale [Line Items]
Intangible assets	$ 14,764	$ 14,814	$ 14,496
Property, plant and equipment	8,533	8,509	8,212
Deferred tax assets	131	143	171
Inventories	9,699	9,720	9,840
Trade and other receivables	4,532	3,487	4,580
Trade and other payables	(7,094)	(6,354)	(7,292)
Corporate tax payables	(191)	(136)	(253)
Deferred tax liabilities	(2,937)	(2,947)	(2,839)
Liabilities held for sale	(81)	(48)	0
Total	12,405	12,070	$ 11,724
Disposal groups classified as held for sale
Disclosure Of Assets and Liabilities Held For Sale [Line Items]
Intangible assets	86	0
Property, plant and equipment	137	52
Deferred tax assets	0	18
Inventories	26	20
Trade and other receivables	20	10
Corporate tax receivables	3	0
Cash	30	30
Assets held for sale	302	130
Trade and other payables	(61)	(44)
Corporate tax payables	0	(1)
Provisions	0	(3)
Deferred tax liabilities	(20)	0
Liabilities held for sale	(81)	(48)
Total	$ 221	$ 82

Assets and liabilities held f_4

Assets and liabilities held for sale - Narrative (Details) - USD ($) $ in Millions			6 Months Ended
	Jan. 28, 2025	Sep. 30, 2024	Dec. 31, 2024	Jun. 11, 2024
Guinness Nigeria PLC (5)
Disclosure Of Assets and Liabilities Held For Sale [Line Items]
Consideration		$ 64
Disposal, percentage of interest disposed				58.02%
Guinness Ghana Breweries Plc
Disclosure Of Assets and Liabilities Held For Sale [Line Items]
Disposal, exchange loss that will be recycled to the income statement			$ 66
Guinness Ghana Breweries Plc | Disposal of major subsidiary [member]
Disclosure Of Assets and Liabilities Held For Sale [Line Items]
Consideration	$ 81

Contingent liabilities and le_2

Contingent liabilities and legal proceedings - Acquisition of USL shares from UBHL, winding-up petitions against UBHL and other proceedings in relation to the USL transaction (Details) - United Spirits Limited - ₨ / shares	Dec. 31, 2020	Jul. 04, 2013
Disclosure of contingent liabilities [line items]
Percentage of interest acquired		14.98%
Proportion of ownership interest in subsidiary	55.88%
USL Benefit Trust
Disclosure of contingent liabilities [line items]
Ownership interest held by external party	2.38%
UBHL
Disclosure of contingent liabilities [line items]
Percentage of interest acquired		6.98%
Acquisition price per share (in INR per share)		₨ 1,440

Contingent liabilities and le_3

Contingent liabilities and legal proceedings - Continuing matters relating to the resignation of Dr Vijay Mallya from USL and USL internal inquiries (Details) $ in Millions	May 23, 2019 USD ($)	Mar. 12, 2018 instalment	Nov. 16, 2017 USD ($)	Feb. 25, 2016 USD ($) Petition
SPA | UBHL
Disclosure of contingent liabilities [line items]
Number of pending winding-up petitions | Petition				5
Dr Mallya | 25 February agreement
Disclosure of contingent liabilities [line items]
Committed payment relating to disengagement agreements				$ 75
Consideration payment period				5 years
Amount paid relating to disengagement agreements				$ 40
Amount payable relating to disengagement agreements in equal installments				7
Repayment demanded of original amount paid				40
Number Of Disputed Instalments | instalment		2
Watson Limited
Disclosure of contingent liabilities [line items]
Damages awarded	$ 135
Watson Limited | 25 February agreement
Disclosure of contingent liabilities [line items]
Release of obligations to indemnify under guarantee of certain borrowings				$ 141
Damages related to breach of associated security documents			$ 142
CASL
Disclosure of contingent liabilities [line items]
Damages awarded, co-surety percentage	50%

Contingent liabilities and le_4

Contingent liabilities and legal proceedings - Other matters in relation to USL (Details)	6 Months Ended
	Dec. 31, 2024
United Spirits Limited
Disclosure of contingent liabilities [line items]
Shares percentage of additional equivalent payments required to be made to shareholders	0.04%

Contingent liabilities and le_5

Contingent liabilities and legal proceedings - USL’s dispute with IDBI Bank Limited (Details) ₨ in Millions, $ in Millions	Apr. 01, 2015 USD ($)	Apr. 01, 2015 INR (₨)	Dec. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Disclosure of contingent liabilities [line items]
Borrowings			$ 20,676	$ 21,017	$ 20,483	$ 19,582
IDBI Bank Limited | United Spirits Limited
Disclosure of contingent liabilities [line items]
Damages claimed	$ 6	₨ 459

Contingent liabilities and le_6

Contingent liabilities and legal proceedings - Tax (Details) $ in Millions	Dec. 31, 2024 USD ($)
Brazil | Maximum | Tax contingent liability
Disclosure of contingent liabilities [line items]
Potential liability	$ 788
India
Disclosure of contingent liabilities [line items]
Receivable for protest payments	116
Receivable for protest payments, corporate taxes	105
Receivable for protest payments, indirect taxes	11
India | Maximum | Tax contingent liability
Disclosure of contingent liabilities [line items]
Potential liability	$ 94