Note 11: Financial Risk Management continued Subsequent to initial recognition, lease liabilities are measured at amortised cost. Lease liabilities are remeasured if there is a modification, such as a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. Contractual maturities of financial liabilities The following table categorises the financial liabilities into relevant maturity periods, taking into account the remaining period at the reporting date and the contractual maturity date. The weighted average contractual maturity date and interest rate of interest bearing liabilities (excluding lease liabilities) as at 30 June 2026 is 10 years and 4.1% respectively (2025: 11 years and 4.0%). The amounts disclosed represent principal and interest cash flows, so they may differ from the equivalent reported amounts in the balance sheet. Contractual payments due as at 30 June 1 year or less Between 1 and 5 years Over 5 years Total Weighted average interest rate US$m US$m US$m US$m % 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Trade and other payables (non-interest bearing) 3,475 3,461 — — — — 3,475 3,461 — — Bank and other borrowings – unsecured (floating rates) 44 283 1,029 844 — — 1,073 1,127 4.3% 4.9% Bank and other borrowings – unsecured (fixed rates) 56 60 383 393 138 144 577 597 4.1% 4.0% Senior notes – unsecured (floating rates) 23 26 569 604 — — 592 630 4.6% 5.2% Senior notes – unsecured (fixed rates) 523 482 1,100 1,300 858 1,184 2,481 2,966 3.0% 2.8% Senior 144A notes – unsecured (fixed rates) 728 232 1,309 1,843 7,253 7,447 9,290 9,522 4.4% 4.4% Lease liabilities (fixed rates) 140 112 283 304 1,090 1,246 1,513 1,662 3.8% 3.6% 4,989 4,656 4,673 5,288 9,339 10,021 19,001 19,965 Available debt facilities As at 30 June 2026, the Group had the following available debt facilities (on an undiscounted basis): • Revolving committed bank facilities totalling $1,750m undrawn (2025: $1,750m undrawn) • Bilateral credit facilities totalling $1,312m fully drawn (2025: $1,314m fully drawn). • Senior unsecured notes in the the US private placement market totalling $2,213m (2025: $2,630m) • Senior unsecured notes in the 144A US private placement market totalling $5,250m (2025: $5,250m) • Senior unsecured notes in the Hong Kong market (Qualified Debt Instrument "QDI") totalling $500m (2025: $500m) • Commercial paper program totalling $750m undrawn (2025: $750m undrawn) • Other borrowings totalling $152m (2025: $191m) The Group is in compliance with all debt covenants as at 30 June 2026. e. Fair value of financial assets and financial liabilities The carrying value of financial assets and liabilities approximates fair value, with the exception of the Group's fixed interest rate debt. The methods and assumptions used to determine the fair values of financial assets and liabilities are outlined by key category below. Cash and cash equivalents Cash and cash equivalents are held for the purpose of meeting short term cash commitments rather than for investment or other purposes. They are made up of cash on hand, at call deposits with bank or financial institutions and investments in money market instruments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. The carrying value of cash and cash equivalents equals fair value, due to the liquid nature of cash. Receivables, contract assets and payables Carrying value of receivables, contract assets and payables with a remaining life of less than one year is deemed to equal fair value. 117 Notes to the Financial Statements 117 CSL Limited Annual Report 2025/26
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