false2021FY0000835403.2893500008354032020-07-012021-06-300000835403dei:BusinessContactMember2020-07-012021-06-300000835403dei:AdrMember2020-07-012021-06-300000835403ifrs-full:OrdinarySharesMember2020-07-012021-06-300000835403deo:TwoPointEightSevenFivePercentageBondsDueTwoThousandTwentyTwoMember2020-07-012021-06-300000835403deo:EightPercentageBondsDueTwoThousandTwentyTwoMember2020-07-012021-06-300000835403deo:SevenPointFourFivePercentageBondsDueTwoThousandThirtyFiveMember2020-07-012021-06-300000835403deo:FourPointTwoFivePercentageBondsDueTwoThousandFortyTwoMember2020-07-012021-06-30xbrli:shares00008354032021-06-30iso4217:GBP00008354032019-07-012020-06-3000008354032018-07-012019-06-30iso4217:GBPxbrli:shares0000835403deo:ForeignCurrencyDebtRiskMember2020-07-012021-06-300000835403deo:ForeignCurrencyDebtRiskMember2019-07-012020-06-300000835403deo:ForeignCurrencyDebtRiskMember2018-07-012019-06-300000835403deo:TransactionExposureHedgingRiskMember2020-07-012021-06-300000835403deo:TransactionExposureHedgingRiskMember2019-07-012020-06-300000835403deo:TransactionExposureHedgingRiskMember2018-07-012019-06-300000835403ifrs-full:CommodityPriceRiskMember2020-07-012021-06-300000835403ifrs-full:CommodityPriceRiskMember2019-07-012020-06-300000835403ifrs-full:CommodityPriceRiskMember2018-07-012019-06-3000008354032020-06-300000835403ifrs-full:IssuedCapitalMember2018-06-300000835403ifrs-full:SharePremiumMember2018-06-300000835403ifrs-full:CapitalRedemptionReserveMember2018-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2018-06-300000835403ifrs-full:TreasurySharesMember2018-06-300000835403deo:OtherRetainedEarningsMember2018-06-300000835403ifrs-full:RetainedEarningsMember2018-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2018-06-300000835403ifrs-full:NoncontrollingInterestsMember2018-06-3000008354032018-06-300000835403deo:OtherRetainedEarningsMember2018-07-012019-06-300000835403ifrs-full:RetainedEarningsMember2018-07-012019-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2018-07-012019-06-300000835403ifrs-full:NoncontrollingInterestsMember2018-07-012019-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2018-07-012019-06-300000835403ifrs-full:TreasurySharesMember2018-07-012019-06-300000835403ifrs-full:SharePremiumMember2018-07-012019-06-300000835403ifrs-full:IssuedCapitalMember2018-07-012019-06-300000835403ifrs-full:CapitalRedemptionReserveMember2018-07-012019-06-300000835403ifrs-full:IssuedCapitalMember2019-06-300000835403ifrs-full:SharePremiumMember2019-06-300000835403ifrs-full:CapitalRedemptionReserveMember2019-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2019-06-300000835403ifrs-full:TreasurySharesMember2019-06-300000835403deo:OtherRetainedEarningsMember2019-06-300000835403ifrs-full:RetainedEarningsMember2019-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2019-06-300000835403ifrs-full:NoncontrollingInterestsMember2019-06-3000008354032019-06-300000835403deo:OtherRetainedEarningsMember2019-07-012020-06-300000835403ifrs-full:RetainedEarningsMember2019-07-012020-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2019-07-012020-06-300000835403ifrs-full:NoncontrollingInterestsMember2019-07-012020-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2019-07-012020-06-300000835403ifrs-full:TreasurySharesMember2019-07-012020-06-300000835403ifrs-full:SharePremiumMember2019-07-012020-06-300000835403ifrs-full:IssuedCapitalMember2019-07-012020-06-300000835403ifrs-full:CapitalRedemptionReserveMember2019-07-012020-06-300000835403ifrs-full:IssuedCapitalMember2020-06-300000835403ifrs-full:SharePremiumMember2020-06-300000835403ifrs-full:CapitalRedemptionReserveMember2020-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2020-06-300000835403ifrs-full:TreasurySharesMember2020-06-300000835403deo:OtherRetainedEarningsMember2020-06-300000835403ifrs-full:RetainedEarningsMember2020-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2020-06-300000835403ifrs-full:NoncontrollingInterestsMember2020-06-300000835403deo:OtherRetainedEarningsMember2020-07-012021-06-300000835403ifrs-full:RetainedEarningsMember2020-07-012021-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2020-07-012021-06-300000835403ifrs-full:NoncontrollingInterestsMember2020-07-012021-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2020-07-012021-06-300000835403ifrs-full:TreasurySharesMember2020-07-012021-06-300000835403ifrs-full:IssuedCapitalMember2020-07-012021-06-300000835403ifrs-full:CapitalRedemptionReserveMember2020-07-012021-06-300000835403ifrs-full:IssuedCapitalMember2021-06-300000835403ifrs-full:SharePremiumMember2021-06-300000835403ifrs-full:CapitalRedemptionReserveMember2021-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2021-06-300000835403ifrs-full:TreasurySharesMember2021-06-300000835403deo:OtherRetainedEarningsMember2021-06-300000835403ifrs-full:RetainedEarningsMember2021-06-300000835403ifrs-full:EquityAttributableToOwnersOfParentMember2021-06-300000835403ifrs-full:NoncontrollingInterestsMember2021-06-30iso4217:EUR0000835403deo:EuropeanDebtIssuanceProgrammeMembercurrency:EUR2021-06-300000835403deo:EuropeanDebtIssuanceProgrammeMembercurrency:GBP2021-06-30iso4217:USDiso4217:GBP0000835403currency:USD2020-07-012021-06-300000835403currency:USD2019-07-012020-06-300000835403currency:USD2018-07-012019-06-300000835403currency:USD2021-06-300000835403currency:USD2020-06-300000835403currency:USD2019-06-30iso4217:EURiso4217:GBP0000835403currency:EUR2020-07-012021-06-300000835403currency:EUR2019-07-012020-06-300000835403currency:EUR2018-07-012019-06-300000835403currency:EUR2021-06-300000835403currency:EUR2020-06-300000835403currency:EUR2019-06-30deo:vesiso4217:GBP0000835403deo:VenezuelanBolivarSoberanoMember2021-06-300000835403deo:VenezuelanBolivarSoberanoMember2020-06-30xbrli:pure0000835403ifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMemberdeo:VenezuelanBolivarSoberanoMember2021-06-300000835403ifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMemberdeo:VenezuelanBolivarSoberanoMember2020-06-300000835403country:VE2020-07-012021-06-300000835403country:VEifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMember2020-07-012021-06-300000835403country:VE2019-07-012020-06-300000835403country:VEifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMember2019-07-012020-06-300000835403country:VE2021-06-300000835403country:VEifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMember2021-06-300000835403country:VE2020-06-300000835403country:VEifrs-full:ReportedIfInComplianceWithRequirementOfIFRSMember2020-06-300000835403country:IEdeo:AmendmentsToIAS19Member2020-07-012021-06-300000835403country:IEdeo:AmendmentsToIAS19Member2019-07-012020-06-300000835403deo:NorthAmericaSegmentsMemberifrs-full:OperatingSegmentsMember2020-07-012021-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:EuropeAndTurkeySegmentsMember2020-07-012021-06-300000835403deo:AfricaSegmentsMemberifrs-full:OperatingSegmentsMember2020-07-012021-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:LatinAmericaAndCaribbeanSegmentsMember2020-07-012021-06-300000835403deo:AsiaPacificSegmentsMemberifrs-full:OperatingSegmentsMember2020-07-012021-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:SupplyChainAndProcurementMember2020-07-012021-06-300000835403ifrs-full:EliminationOfIntersegmentAmountsMember2020-07-012021-06-300000835403ifrs-full:OperatingSegmentsMember2020-07-012021-06-300000835403ifrs-full:UnallocatedAmountsMember2020-07-012021-06-300000835403deo:MoetHennessyMember2020-07-012021-06-300000835403deo:OtherAssociatesMember2020-07-012021-06-300000835403deo:NorthAmericaSegmentsMemberifrs-full:OperatingSegmentsMember2019-07-012020-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:EuropeAndTurkeySegmentsMember2019-07-012020-06-300000835403deo:AfricaSegmentsMemberifrs-full:OperatingSegmentsMember2019-07-012020-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:LatinAmericaAndCaribbeanSegmentsMember2019-07-012020-06-300000835403deo:AsiaPacificSegmentsMemberifrs-full:OperatingSegmentsMember2019-07-012020-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:SupplyChainAndProcurementMember2019-07-012020-06-300000835403ifrs-full:EliminationOfIntersegmentAmountsMember2019-07-012020-06-300000835403ifrs-full:OperatingSegmentsMember2019-07-012020-06-300000835403ifrs-full:UnallocatedAmountsMember2019-07-012020-06-300000835403deo:MoetHennessyMember2019-07-012020-06-300000835403deo:OtherAssociatesMember2019-07-012020-06-300000835403deo:NorthAmericaSegmentsMemberifrs-full:OperatingSegmentsMember2018-07-012019-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:EuropeAndTurkeySegmentsMember2018-07-012019-06-300000835403deo:AfricaSegmentsMemberifrs-full:OperatingSegmentsMember2018-07-012019-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:LatinAmericaAndCaribbeanSegmentsMember2018-07-012019-06-300000835403deo:AsiaPacificSegmentsMemberifrs-full:OperatingSegmentsMember2018-07-012019-06-300000835403ifrs-full:OperatingSegmentsMemberdeo:SupplyChainAndProcurementMember2018-07-012019-06-300000835403ifrs-full:EliminationOfIntersegmentAmountsMember2018-07-012019-06-300000835403ifrs-full:OperatingSegmentsMember2018-07-012019-06-300000835403ifrs-full:UnallocatedAmountsMember2018-07-012019-06-300000835403deo:MoetHennessyMember2018-07-012019-06-300000835403deo:OtherAssociatesMember2018-07-012019-06-300000835403deo:SpiritsMember2020-07-012021-06-300000835403deo:BeerMember2020-07-012021-06-300000835403deo:ReadyToDrinkMember2020-07-012021-06-300000835403deo:OtherProductMember2020-07-012021-06-300000835403country:GB2020-07-012021-06-300000835403country:US2020-07-012021-06-300000835403country:NL2020-07-012021-06-300000835403country:IN2020-07-012021-06-300000835403deo:RestOfWorldMember2020-07-012021-06-300000835403country:GB2021-06-300000835403country:US2021-06-300000835403country:NL2021-06-300000835403country:IN2021-06-300000835403deo:RestOfWorldMember2021-06-300000835403deo:SpiritsMember2019-07-012020-06-300000835403deo:BeerMember2019-07-012020-06-300000835403deo:ReadyToDrinkMember2019-07-012020-06-300000835403deo:OtherProductMember2019-07-012020-06-300000835403country:GB2019-07-012020-06-300000835403country:US2019-07-012020-06-300000835403country:NL2019-07-012020-06-300000835403country:IN2019-07-012020-06-300000835403deo:RestOfWorldMember2019-07-012020-06-300000835403country:GB2020-06-300000835403country:US2020-06-300000835403country:NL2020-06-300000835403country:IN2020-06-300000835403deo:RestOfWorldMember2020-06-300000835403deo:SpiritsMember2018-07-012019-06-300000835403deo:BeerMember2018-07-012019-06-300000835403deo:ReadyToDrinkMember2018-07-012019-06-300000835403deo:OtherProductMember2018-07-012019-06-300000835403country:GB2018-07-012019-06-300000835403country:US2018-07-012019-06-300000835403country:NL2018-07-012019-06-300000835403country:IN2018-07-012019-06-300000835403deo:RestOfWorldMember2018-07-012019-06-300000835403country:GB2019-06-300000835403country:US2019-06-300000835403country:NL2019-06-300000835403country:IN2019-06-300000835403deo:RestOfWorldMember2019-06-300000835403deo:BeerMembersrt:ScenarioPreviouslyReportedMember2020-07-012021-06-300000835403deo:BeerMembersrt:ScenarioPreviouslyReportedMember2019-07-012020-06-300000835403deo:BeerMembersrt:ScenarioPreviouslyReportedMember2018-07-012019-06-300000835403deo:ReadyToDrinkMembersrt:ScenarioPreviouslyReportedMember2020-07-012021-06-300000835403deo:ReadyToDrinkMembersrt:ScenarioPreviouslyReportedMember2019-07-012020-06-300000835403deo:ReadyToDrinkMembersrt:ScenarioPreviouslyReportedMember2018-07-012019-06-300000835403deo:OtherForeignCountriesMember2020-07-012021-06-300000835403deo:OtherForeignCountriesMember2019-07-012020-06-300000835403deo:OtherForeignCountriesMember2018-07-012019-06-300000835403deo:PrincipalAuditorMember2020-07-012021-06-300000835403deo:PrincipalAuditorMember2019-07-012020-06-300000835403deo:PrincipalAuditorMember2018-07-012019-06-300000835403deo:OtherThanPrincipalAuditorMember2020-07-012021-06-300000835403deo:OtherThanPrincipalAuditorMember2019-07-012020-06-300000835403deo:OtherThanPrincipalAuditorMember2018-07-012019-06-30deo:employee0000835403deo:ExceptionalItemsMember2020-07-012021-06-300000835403deo:ExceptionalItemsMember2019-07-012020-06-300000835403deo:ExceptionalItemsMember2018-07-012019-06-300000835403deo:OngoingLitigationInTurkeyMember2020-07-012021-06-300000835403deo:OngoingLitigationInTurkeyMember2019-07-012020-06-300000835403deo:OngoingLitigationInTurkeyMember2018-07-012019-06-300000835403deo:GuaranteedMinimumPensionEqualisationMember2020-07-012021-06-300000835403deo:GuaranteedMinimumPensionEqualisationMember2019-07-012020-06-300000835403deo:GuaranteedMinimumPensionEqualisationMember2018-07-012019-06-300000835403deo:DonationsMember2020-07-012021-06-300000835403deo:DonationsMember2019-07-012020-06-300000835403deo:DonationsMember2018-07-012019-06-300000835403deo:ObsoleteInventoriesMember2020-07-012021-06-300000835403deo:ObsoleteInventoriesMember2019-07-012020-06-300000835403deo:ObsoleteInventoriesMember2018-07-012019-06-300000835403deo:SubstitutionDrawbackMember2020-07-012021-06-300000835403deo:SubstitutionDrawbackMember2019-07-012020-06-300000835403deo:SubstitutionDrawbackMember2018-07-012019-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMember2020-07-012021-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMember2019-07-012020-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMember2018-07-012019-06-300000835403deo:IndirectTaxInKoreaMember2020-07-012021-06-300000835403deo:IndirectTaxInKoreaMember2019-07-012020-06-300000835403deo:IndirectTaxInKoreaMember2018-07-012019-06-300000835403deo:FrenchTaxAuditSettlementMember2020-07-012021-06-300000835403deo:FrenchTaxAuditSettlementMember2019-07-012020-06-300000835403deo:FrenchTaxAuditSettlementMember2018-07-012019-06-300000835403deo:UnitedNationalBreweriesMember2020-07-012021-06-300000835403deo:UnitedNationalBreweriesMember2019-07-012020-06-300000835403deo:UnitedNationalBreweriesMember2018-07-012019-06-300000835403deo:DisposalOfUSLBusinessesMember2020-07-012021-06-300000835403deo:DisposalOfUSLBusinessesMember2019-07-012020-06-300000835403deo:DisposalOfUSLBusinessesMember2018-07-012019-06-300000835403deo:PortfolioOf19BrandsMember2020-07-012021-06-300000835403deo:PortfolioOf19BrandsMember2019-07-012020-06-300000835403deo:PortfolioOf19BrandsMember2018-07-012019-06-300000835403deo:DisposalOfAssociateMember2020-07-012021-06-300000835403deo:DisposalOfAssociateMember2019-07-012020-06-300000835403deo:DisposalOfAssociateMember2018-07-012019-06-300000835403deo:StepAcquisitionMember2020-07-012021-06-300000835403deo:StepAcquisitionMember2019-07-012020-06-300000835403deo:StepAcquisitionMember2018-07-012019-06-300000835403deo:FrenchTaxAuditInterestMember2020-07-012021-06-300000835403deo:FrenchTaxAuditInterestMember2019-07-012020-06-300000835403deo:FrenchTaxAuditInterestMember2018-07-012019-06-30iso4217:TRY0000835403deo:OngoingLitigationInTurkeyMember2021-06-30iso4217:USD0000835403deo:RaisingTheBarMember2020-07-012021-06-300000835403deo:COVID19Memberdeo:RaisingTheBarMember2019-07-012020-06-300000835403ifrs-full:TopOfRangeMemberdeo:COVID19Memberdeo:RaisingTheBarMember2020-07-012022-06-300000835403deo:OtherFormOfSupportToHelpTheCommunitiesAndTheIndustryMember2019-07-012020-06-300000835403deo:IndiaGoodwillImpairmentMember2019-07-012020-06-300000835403deo:USLPopularBrandsImpairmentMember2019-07-012020-06-300000835403deo:OldTavernBrandImpairmentMember2019-07-012020-06-300000835403deo:BagpiperBrandImpairmentMember2019-07-012020-06-300000835403deo:IndiaFixedAssetsImpairmentMember2019-07-012020-06-300000835403deo:WindsorPremierBrandImpairmentMember2019-07-012020-06-300000835403deo:NigerianTangibleFixedAssetsImpairmentMember2019-07-012020-06-300000835403deo:EthiopianTangibleFixedAssetsImpairmentMember2019-07-012020-06-30iso4217:ZAR0000835403deo:DisposalGroupDisposedofbySaleNotDiscontinuedOperationsMemberdeo:UnitedNationalBreweriesMember2020-07-012021-06-300000835403deo:ThalidomideMember2020-07-012021-06-300000835403deo:ThalidomideMember2019-07-012020-06-300000835403deo:ThalidomideMember2018-07-012019-06-300000835403deo:MoetHennessyMember2019-06-300000835403deo:OtherJointVenturesAndAssociatesMember2019-06-300000835403deo:OtherJointVenturesAndAssociatesMember2019-07-012020-06-300000835403deo:MoetHennessyMember2020-06-300000835403deo:OtherJointVenturesAndAssociatesMember2020-06-300000835403deo:OtherJointVenturesAndAssociatesMember2020-07-012021-06-300000835403deo:MoetHennessyMember2021-06-300000835403deo:OtherJointVenturesAndAssociatesMember2021-06-300000835403ifrs-full:AtFairValueMemberdeo:MoetHennessyMember2021-06-300000835403ifrs-full:AtFairValueMemberdeo:MoetHennessyMember2020-06-300000835403ifrs-full:ForeignCountriesMember2020-07-012021-06-300000835403ifrs-full:ForeignCountriesMember2019-07-012020-06-300000835403ifrs-full:ForeignCountriesMember2018-07-012019-06-300000835403deo:TaxRateChangeInTheUKMember2020-07-012021-06-300000835403deo:TaxRateChangeInTheUKMember2019-07-012020-06-300000835403deo:TaxRateChangeInTheUKMember2018-07-012019-06-300000835403deo:TaxRateChangeInTheNetherlandsMember2020-07-012021-06-300000835403deo:TaxRateChangeInTheNetherlandsMember2019-07-012020-06-300000835403deo:TaxRateChangeInTheNetherlandsMember2018-07-012019-06-300000835403deo:OtherExceptionalTaxItemsMember2020-07-012021-06-300000835403deo:OtherExceptionalTaxItemsMember2019-07-012020-06-300000835403deo:OtherExceptionalTaxItemsMember2018-07-012019-06-300000835403deo:SaleOfBusinessesMember2020-07-012021-06-300000835403deo:SaleOfBusinessesMember2019-07-012020-06-300000835403deo:SaleOfBusinessesMember2018-07-012019-06-300000835403deo:UnitedKingdomAt1April2023Member2021-05-242021-05-240000835403deo:TaxRateChangeInTheNetherlandsMember2020-12-152020-12-150000835403deo:TheNetherlandsFrom2021Member2019-07-012020-06-300000835403deo:RaisingTheBarMember2019-07-012020-06-300000835403deo:USLBrandsImpairmentMember2019-07-012020-06-300000835403ifrs-full:PropertyPlantAndEquipmentMember2019-06-300000835403ifrs-full:IntangibleAssetsOtherThanGoodwillMember2019-06-300000835403deo:PostEmploymentPlanMember2019-06-300000835403ifrs-full:UnusedTaxLossesMember2019-06-300000835403ifrs-full:OtherTemporaryDifferencesMember2019-06-300000835403ifrs-full:PropertyPlantAndEquipmentMember2019-07-012020-06-300000835403ifrs-full:IntangibleAssetsOtherThanGoodwillMember2019-07-012020-06-300000835403deo:PostEmploymentPlanMember2019-07-012020-06-300000835403ifrs-full:UnusedTaxLossesMember2019-07-012020-06-300000835403ifrs-full:OtherTemporaryDifferencesMember2019-07-012020-06-300000835403ifrs-full:PropertyPlantAndEquipmentMember2020-06-300000835403ifrs-full:IntangibleAssetsOtherThanGoodwillMember2020-06-300000835403deo:PostEmploymentPlanMember2020-06-300000835403ifrs-full:UnusedTaxLossesMember2020-06-300000835403ifrs-full:OtherTemporaryDifferencesMember2020-06-300000835403ifrs-full:PropertyPlantAndEquipmentMember2020-07-012021-06-300000835403ifrs-full:IntangibleAssetsOtherThanGoodwillMember2020-07-012021-06-300000835403deo:PostEmploymentPlanMember2020-07-012021-06-300000835403ifrs-full:UnusedTaxLossesMember2020-07-012021-06-300000835403ifrs-full:OtherTemporaryDifferencesMember2020-07-012021-06-300000835403ifrs-full:PropertyPlantAndEquipmentMember2021-06-300000835403ifrs-full:IntangibleAssetsOtherThanGoodwillMember2021-06-300000835403deo:PostEmploymentPlanMember2021-06-300000835403ifrs-full:UnusedTaxLossesMember2021-06-300000835403ifrs-full:OtherTemporaryDifferencesMember2021-06-300000835403deo:IndefiniteCapitalLossesMember2021-06-300000835403deo:IndefiniteCapitalLossesMember2020-06-300000835403deo:IndefiniteTradingLossesMember2021-06-300000835403deo:IndefiniteTradingLossesMember2020-06-300000835403deo:TradingAndCapitalLossesMember2021-06-300000835403deo:TradingAndCapitalLossesMember2020-06-300000835403ifrs-full:AtFairValueMemberdeo:AviationGinAndDavosBrandsMember2021-06-300000835403ifrs-full:AtFairValueMemberdeo:OtherIndividuallyImmaterialBusinessesAcquiredMember2021-06-300000835403ifrs-full:AtFairValueMember2021-06-300000835403ifrs-full:AtFairValueMember2020-06-300000835403ifrs-full:AtFairValueMember2019-06-300000835403deo:AviationGinAndDavosBrandsMember2021-06-300000835403deo:OtherIndividuallyImmaterialBusinessesAcquiredMember2021-06-300000835403ifrs-full:ContingentConsiderationMemberdeo:AviationGinAndDavosBrandsMember2021-06-300000835403deo:OtherIndividuallyImmaterialBusinessesAcquiredMemberifrs-full:ContingentConsiderationMember2021-06-300000835403ifrs-full:ContingentConsiderationMember2021-06-300000835403ifrs-full:ContingentConsiderationMember2020-06-300000835403ifrs-full:ContingentConsiderationMember2019-06-300000835403deo:AviationGinAndDavosBrandsMemberdeo:DeferredConsiderationMember2021-06-300000835403deo:OtherIndividuallyImmaterialBusinessesAcquiredMemberdeo:DeferredConsiderationMember2021-06-300000835403deo:DeferredConsiderationMember2021-06-300000835403deo:DeferredConsiderationMember2020-06-300000835403deo:DeferredConsiderationMember2019-06-300000835403deo:AggregatedIndividuallyImmaterialSubsidiariesMember2021-06-300000835403deo:AggregatedIndividuallyImmaterialSubsidiariesMember2020-06-300000835403deo:AggregatedIndividuallyImmaterialSubsidiariesMember2019-06-300000835403deo:CasamigosTequilaLLCMember2021-06-300000835403deo:CasamigosTequilaLLCMember2020-06-300000835403deo:CasamigosTequilaLLCMember2019-06-300000835403deo:PriorYearBusinessCombinationsMember2021-06-300000835403deo:PriorYearBusinessCombinationsMember2020-06-300000835403deo:PriorYearBusinessCombinationsMember2019-06-300000835403ifrs-full:AggregatedIndividuallyImmaterialAssociatesMember2021-06-300000835403ifrs-full:AggregatedIndividuallyImmaterialAssociatesMember2020-06-300000835403ifrs-full:AggregatedIndividuallyImmaterialAssociatesMember2019-06-300000835403deo:AviationGinAndDavosBrandsMember2020-09-300000835403deo:AviationGinAndDavosBrandsMember2020-10-012021-06-300000835403deo:SerengetiBreweriesLimitedMemberdeo:EastAfricanBreweriesLimitedMember2020-10-210000835403deo:SerengetiBreweriesLimitedMemberdeo:EastAfricanBreweriesLimitedMember2020-11-060000835403deo:SerengetiBreweriesLimitedMember2020-07-012020-10-200000835403deo:SerengetiBreweriesLimitedMember2020-11-072021-06-300000835403deo:SerengetiBreweriesLimitedMemberdeo:EastAfricanBreweriesLimitedMember2019-07-290000835403deo:SerengetiBreweriesLimitedMember2019-07-012019-07-280000835403deo:SerengetiBreweriesLimitedMember2019-07-292020-06-30iso4217:INR0000835403deo:UnitedSpiritsLimitedMember2020-02-280000835403deo:UnitedSpiritsLimitedMember2019-07-012019-08-310000835403deo:UnitedSpiritsLimitedMember2020-02-282020-06-300000835403deo:USLBenefitTrustMemberdeo:UnitedSpiritsLimitedMember2019-07-012020-06-300000835403deo:SichuanShuijingfangCompanyLimitedMember2018-08-170000835403deo:SichuanShuijingfangCompanyLimitedMember2019-04-09iso4217:CNY0000835403deo:SichuanShuijingfangCompanyLimitedMember2018-08-172019-04-090000835403deo:SichuanShuijingfangCompanyLimitedMember2018-07-012018-08-160000835403deo:SichuanShuijingfangCompanyLimitedMember2019-04-102019-06-300000835403deo:DisposalGroupDisposedofbySaleNotDiscontinuedOperationsMemberdeo:UnitedNationalBreweriesMember2020-04-012020-04-010000835403deo:DisposalOfUSLBusinessesMemberdeo:DisposalGroupDisposedofbySaleNotDiscontinuedOperationsMember2020-07-012021-06-300000835403deo:PortfolioOf19BrandsMemberdeo:DisposalGroupDisposedofbySaleNotDiscontinuedOperationsMember2018-07-012019-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:TopOfRangeMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:GoodwillMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:BrandNamesMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:GoodwillMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:BrandNamesMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:GoodwillMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:BrandNamesMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:GoodwillMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:GoodwillMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-06-300000835403ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:OtherIntangibleAssetsMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ComputerSoftwareMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-06-300000835403ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-07-012020-06-300000835403ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:OtherIntangibleAssetsMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ComputerSoftwareMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2019-07-012020-06-300000835403ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-06-300000835403ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:OtherIntangibleAssetsMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ComputerSoftwareMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-06-300000835403ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-07-012021-06-300000835403ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:OtherIntangibleAssetsMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ComputerSoftwareMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-06-300000835403ifrs-full:GoodwillMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:OtherIntangibleAssetsMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ComputerSoftwareMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2021-06-300000835403ifrs-full:BrandNamesMember2021-06-300000835403ifrs-full:GoodwillMember2021-06-300000835403ifrs-full:OtherIntangibleAssetsMember2021-06-300000835403ifrs-full:ComputerSoftwareMember2021-06-300000835403ifrs-full:BrandNamesMember2020-06-300000835403ifrs-full:GoodwillMember2020-06-300000835403ifrs-full:OtherIntangibleAssetsMember2020-06-300000835403ifrs-full:ComputerSoftwareMember2020-06-300000835403ifrs-full:BrandNamesMember2019-06-300000835403ifrs-full:GoodwillMember2019-06-300000835403ifrs-full:OtherIntangibleAssetsMember2019-06-300000835403ifrs-full:ComputerSoftwareMember2019-06-300000835403ifrs-full:BrandNamesMemberdeo:CrownRoyalWhiskyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:CrownRoyalWhiskyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:CrownRoyalWhiskyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:McdowellsNumberOneWhiskyRumAndBrandyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:McdowellsNumberOneWhiskyRumAndBrandyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:McdowellsNumberOneWhiskyRumAndBrandyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:CaptainMorganMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:CaptainMorganMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:CaptainMorganMember2020-06-300000835403deo:JohnnieWalkerWhiskyMemberifrs-full:BrandNamesMember2020-07-012021-06-300000835403deo:JohnnieWalkerWhiskyMemberifrs-full:BrandNamesMember2021-06-300000835403deo:JohnnieWalkerWhiskyMemberifrs-full:BrandNamesMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:SmirnoffVodkaMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:SmirnoffVodkaMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:SmirnoffVodkaMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:CasamigosTequilaMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:CasamigosTequilaMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:CasamigosTequilaMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:ShuiJingFangChineseWhiteSpiritMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:ShuiJingFangChineseWhiteSpiritMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:ShuiJingFangChineseWhiteSpiritMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:AviationGinMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:AviationGinMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:AviationGinMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:DonJulioTequilaMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:DonJulioTequilaMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:DonJulioTequilaMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:BellsWhiskyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:BellsWhiskyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:BellsWhiskyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:SignatureWhiskyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:SignatureWhiskyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:SignatureWhiskyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:SeagramsSevenCrownWhiskeyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:SeagramsSevenCrownWhiskeyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:SeagramsSevenCrownWhiskeyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:BlackDogWhiskyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:BlackDogWhiskyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:BlackDogWhiskyMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:AntiquityWhiskyMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:AntiquityWhiskyMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:AntiquityWhiskyMember2020-06-300000835403deo:WindsorPremierWhiskyMemberifrs-full:BrandNamesMember2020-07-012021-06-300000835403deo:WindsorPremierWhiskyMemberifrs-full:BrandNamesMember2021-06-300000835403deo:WindsorPremierWhiskyMemberifrs-full:BrandNamesMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:YeniRakiMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:YeniRakiMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:YeniRakiMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:ZacapaRumMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:ZacapaRumMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:ZacapaRumMember2020-06-300000835403ifrs-full:BrandNamesMemberdeo:GordonsGinMember2020-07-012021-06-300000835403ifrs-full:BrandNamesMemberdeo:GordonsGinMember2021-06-300000835403ifrs-full:BrandNamesMemberdeo:GordonsGinMember2020-06-300000835403deo:OtherBrandsMemberifrs-full:BrandNamesMember2021-06-300000835403deo:OtherBrandsMemberifrs-full:BrandNamesMember2020-06-300000835403deo:UnitedStatesMember2021-06-300000835403deo:UnitedStatesMember2020-06-300000835403deo:TurkeyMember2021-06-300000835403deo:TurkeyMember2020-06-300000835403deo:MexicoMember2021-06-300000835403deo:MexicoMember2020-06-300000835403deo:GreaterChinaMember2021-06-300000835403deo:GreaterChinaMember2020-06-300000835403deo:IndiaMember2021-06-300000835403deo:IndiaMember2020-06-300000835403deo:OtherCashGeneratingUnitsMember2021-06-300000835403deo:OtherCashGeneratingUnitsMember2020-06-300000835403deo:KetelOneDistributionRightMember2021-06-300000835403deo:KetelOneDistributionRightMember2020-06-300000835403ifrs-full:BusinessCombinationsMember2020-07-012021-06-300000835403deo:IndiaAndUSLBrandsMember2020-07-012021-06-300000835403deo:UnitedKingdomMember2021-06-300000835403deo:UnitedKingdomMember2020-06-300000835403deo:SpainMember2021-06-300000835403deo:SpainMember2020-06-300000835403deo:RussiaMember2021-06-300000835403deo:RussiaMember2020-06-300000835403deo:SouthAfricaMember2021-06-300000835403deo:SouthAfricaMember2020-06-300000835403deo:NigeriaMember2021-06-300000835403deo:NigeriaMember2020-06-300000835403deo:AfricaEmergingMarketsMember2021-06-300000835403deo:AfricaEmergingMarketsMember2020-06-300000835403deo:BrazilMember2021-06-300000835403deo:BrazilMember2020-06-300000835403deo:KoreaMember2021-06-300000835403deo:KoreaMember2020-06-300000835403deo:GlobalTravelMember2021-06-300000835403deo:GlobalTravelMember2020-06-300000835403deo:IndiaMemberdeo:BrandGoodwillTangibleAndOtherAssetsImpairmentMemberifrs-full:GoodwillMember2019-07-012020-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMemberifrs-full:BrandNamesMemberdeo:OldTavernBrandMember2019-07-012020-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMemberdeo:BagpiperBrandMemberifrs-full:BrandNamesMember2019-07-012020-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMemberifrs-full:BrandNamesMemberdeo:OldTavernAndBagpiperBrandsMember2019-07-012020-06-300000835403deo:BrandGoodwillTangibleAndOtherAssetsImpairmentMemberifrs-full:BrandNamesMemberdeo:WindsorPremierBrandMember2019-07-012020-06-300000835403deo:IncreaseInDiscountRateMember2020-07-012021-06-300000835403deo:DecreaseInAnnualGrowthRateInForecastPeriod20222029Member2020-07-012021-06-300000835403deo:IndiaGoodwillMember2021-06-300000835403deo:IndiaGoodwillMemberdeo:HeadroomMember2021-06-300000835403deo:IncreaseInDiscountRateMemberdeo:IndiaGoodwillMember2020-07-012021-06-300000835403deo:IndiaGoodwillMemberdeo:DecreaseInAnnualGrowthRateInForecastPeriod20222029Member2020-07-012021-06-300000835403deo:AntiquityBrandMember2021-06-300000835403deo:AntiquityBrandMemberdeo:HeadroomMember2021-06-300000835403deo:IncreaseInDiscountRateMemberdeo:AntiquityBrandMember2020-07-012021-06-300000835403deo:DecreaseInAnnualGrowthRateInForecastPeriod20222029Memberdeo:AntiquityBrandMember2020-07-012021-06-300000835403deo:USLPopularBrandsMember2021-06-300000835403deo:USLPopularBrandsMemberdeo:HeadroomMember2021-06-300000835403deo:IncreaseInDiscountRateMemberdeo:USLPopularBrandsMember2020-07-012021-06-300000835403deo:USLPopularBrandsMemberdeo:DecreaseInAnnualGrowthRateInForecastPeriod20222029Member2020-07-012021-06-300000835403deo:WindsorPremierBrandMember2021-06-300000835403deo:HeadroomMemberdeo:WindsorPremierBrandMember2021-06-300000835403deo:IncreaseInDiscountRateMemberdeo:WindsorPremierBrandMember2020-07-012021-06-300000835403deo:CategoryGrowthScenarioMemberdeo:WindsorPremierBrandMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:BuildingsMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberifrs-full:BuildingsMember2020-07-012021-06-300000835403deo:CasksAndContainersMemberifrs-full:BottomOfRangeMember2020-07-012021-06-300000835403deo:CasksAndContainersMemberifrs-full:TopOfRangeMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:OtherPropertyPlantAndEquipmentMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberifrs-full:OtherPropertyPlantAndEquipmentMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:FixturesAndFittingsMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberifrs-full:FixturesAndFittingsMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberdeo:ReturnableBottlesAndCratesMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberdeo:ReturnableBottlesAndCratesMember2020-07-012021-06-300000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2019-06-300000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2019-06-300000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2019-06-300000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2019-07-010000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2019-07-010000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2019-07-010000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2019-07-010000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2019-07-010000835403ifrs-full:GrossCarryingAmountMember2019-07-010000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2019-07-012020-06-300000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2019-07-012020-06-300000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2019-07-012020-06-300000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2020-06-300000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2020-06-300000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2020-06-300000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2020-07-012021-06-300000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2020-07-012021-06-300000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2020-07-012021-06-300000835403ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:GrossCarryingAmountMemberdeo:PlantAndEquipmentsMember2021-06-300000835403ifrs-full:GrossCarryingAmountMemberifrs-full:FixturesAndFittingsMember2021-06-300000835403deo:ReturnableBottlesAndCratesMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:LandAndBuildingsMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:PlantAndEquipmentsMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:FixturesAndFittingsMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:ReturnableBottlesAndCratesMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2019-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:LandAndBuildingsMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:PlantAndEquipmentsMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:FixturesAndFittingsMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:ReturnableBottlesAndCratesMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2019-07-012020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:LandAndBuildingsMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:PlantAndEquipmentsMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:FixturesAndFittingsMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:ReturnableBottlesAndCratesMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2020-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:LandAndBuildingsMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:PlantAndEquipmentsMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:FixturesAndFittingsMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:ReturnableBottlesAndCratesMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2020-07-012021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:LandAndBuildingsMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:PlantAndEquipmentsMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:FixturesAndFittingsMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberdeo:ReturnableBottlesAndCratesMember2021-06-300000835403ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMemberifrs-full:ConstructionInProgressMember2021-06-300000835403ifrs-full:LandAndBuildingsMember2021-06-300000835403deo:PlantAndEquipmentsMember2021-06-300000835403ifrs-full:FixturesAndFittingsMember2021-06-300000835403deo:ReturnableBottlesAndCratesMember2021-06-300000835403ifrs-full:ConstructionInProgressMember2021-06-300000835403ifrs-full:LandAndBuildingsMember2020-06-300000835403deo:PlantAndEquipmentsMember2020-06-300000835403ifrs-full:FixturesAndFittingsMember2020-06-300000835403deo:ReturnableBottlesAndCratesMember2020-06-300000835403ifrs-full:ConstructionInProgressMember2020-06-300000835403ifrs-full:LandAndBuildingsMember2019-06-300000835403deo:PlantAndEquipmentsMember2019-06-300000835403ifrs-full:FixturesAndFittingsMember2019-06-300000835403deo:ReturnableBottlesAndCratesMember2019-06-300000835403ifrs-full:ConstructionInProgressMember2019-06-300000835403ifrs-full:PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember2021-06-300000835403ifrs-full:PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember2020-06-300000835403deo:LongLeaseholdLandAndBuildingsLandAndBuildingsMember2021-06-300000835403deo:LongLeaseholdLandAndBuildingsLandAndBuildingsMember2020-06-300000835403deo:ShortLeaseholdLandAndBuildingsLandAndBuildingsMember2021-06-300000835403deo:ShortLeaseholdLandAndBuildingsLandAndBuildingsMember2020-06-300000835403ifrs-full:LandMember2021-06-300000835403ifrs-full:LandMember2020-06-300000835403ifrs-full:LandAndBuildingsMember2019-06-300000835403deo:PlantAndEquipmentsMember2019-06-300000835403ifrs-full:ConstructionInProgressMember2019-06-300000835403ifrs-full:LandAndBuildingsMember2019-07-010000835403deo:PlantAndEquipmentsMember2019-07-010000835403ifrs-full:ConstructionInProgressMember2019-07-0100008354032019-07-010000835403ifrs-full:LandAndBuildingsMember2019-07-012020-06-300000835403deo:PlantAndEquipmentsMember2019-07-012020-06-300000835403ifrs-full:ConstructionInProgressMember2019-07-012020-06-300000835403ifrs-full:LandAndBuildingsMember2020-06-300000835403deo:PlantAndEquipmentsMember2020-06-300000835403ifrs-full:ConstructionInProgressMember2020-06-300000835403ifrs-full:LandAndBuildingsMember2020-07-012021-06-300000835403deo:PlantAndEquipmentsMember2020-07-012021-06-300000835403ifrs-full:ConstructionInProgressMember2020-07-012021-06-300000835403ifrs-full:LandAndBuildingsMember2021-06-300000835403deo:PlantAndEquipmentsMember2021-06-300000835403ifrs-full:ConstructionInProgressMember2021-06-300000835403deo:PlantAndEquipmentsMember2018-07-012019-06-300000835403deo:AssetClassesOtherThanPlantAndEquipmentsMember2018-07-012019-06-300000835403ifrs-full:CorporateLoansMember2019-06-300000835403ifrs-full:EquityInvestmentsMember2019-06-300000835403ifrs-full:CorporateLoansMember2019-07-012020-06-300000835403ifrs-full:EquityInvestmentsMember2019-07-012020-06-300000835403ifrs-full:CorporateLoansMember2020-06-300000835403ifrs-full:EquityInvestmentsMember2020-06-300000835403ifrs-full:CorporateLoansMember2020-07-012021-06-300000835403ifrs-full:EquityInvestmentsMember2020-07-012021-06-300000835403ifrs-full:CorporateLoansMember2021-06-300000835403ifrs-full:EquityInvestmentsMember2021-06-300000835403deo:CustomersAndThirdPartiesMemberifrs-full:CorporateLoansMember2021-06-300000835403deo:CustomersAndThirdPartiesMemberifrs-full:CorporateLoansMember2020-06-300000835403deo:CustomersAndThirdPartiesMemberifrs-full:CorporateLoansMember2019-06-300000835403deo:CustomersAndThirdPartiesMember2021-06-300000835403deo:CustomersAndThirdPartiesMember2020-06-300000835403deo:CustomersAndThirdPartiesMember2019-06-300000835403ifrs-full:AssociatesMemberifrs-full:CorporateLoansMember2021-06-300000835403ifrs-full:AssociatesMemberifrs-full:CorporateLoansMember2020-06-300000835403ifrs-full:AssociatesMemberifrs-full:CorporateLoansMember2019-06-300000835403country:IE2019-07-012020-06-300000835403deo:UnitedKingdomAndIrelandMember2018-07-012019-06-300000835403country:IE2020-07-012021-06-300000835403country:IE2018-07-012019-06-300000835403ifrs-full:PlanAssetsMember2019-06-300000835403ifrs-full:PresentValueOfDefinedBenefitObligationMember2019-06-300000835403ifrs-full:PlanAssetsMember2019-07-012020-06-300000835403ifrs-full:PresentValueOfDefinedBenefitObligationMember2019-07-012020-06-300000835403ifrs-full:PlanAssetsMember2020-06-300000835403ifrs-full:PresentValueOfDefinedBenefitObligationMember2020-06-300000835403ifrs-full:PlanAssetsMember2020-07-012021-06-300000835403ifrs-full:PresentValueOfDefinedBenefitObligationMember2020-07-012021-06-300000835403ifrs-full:PlanAssetsMember2021-06-300000835403ifrs-full:PresentValueOfDefinedBenefitObligationMember2021-06-300000835403deo:USCashBalancePlanMember2020-07-012021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:GB2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:GB2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:GB2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:GB2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:IE2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:IE2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:IE2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:IE2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:US2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:US2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PlanAssetsMembercountry:US2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMembercountry:US2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberdeo:OtherForeignCountriesMemberifrs-full:PlanAssetsMember2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberdeo:OtherForeignCountriesMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberdeo:OtherForeignCountriesMemberifrs-full:PlanAssetsMember2020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMemberdeo:OtherForeignCountriesMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2020-06-300000835403ifrs-full:PostemploymentMedicalDefinedBenefitPlansMemberifrs-full:PlanAssetsMember2021-06-300000835403ifrs-full:PostemploymentMedicalDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2021-06-300000835403ifrs-full:PostemploymentMedicalDefinedBenefitPlansMemberifrs-full:PlanAssetsMember2020-06-300000835403ifrs-full:PostemploymentMedicalDefinedBenefitPlansMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2020-06-300000835403ifrs-full:PlanAssetsMemberdeo:OtherPostEmploymentMember2021-06-300000835403deo:OtherPostEmploymentMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2021-06-300000835403ifrs-full:PlanAssetsMemberdeo:OtherPostEmploymentMember2020-06-300000835403deo:OtherPostEmploymentMemberifrs-full:PresentValueOfDefinedBenefitObligationMember2020-06-300000835403ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember2021-06-300000835403ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember2020-06-300000835403ifrs-full:WhollyUnfundedDefinedBenefitPlansMember2021-06-300000835403ifrs-full:WhollyUnfundedDefinedBenefitPlansMember2020-06-300000835403country:IE2021-06-300000835403country:IE2020-06-300000835403country:IE2019-06-300000835403deo:ConsumerPriceIndexMembercountry:GB2021-06-300000835403deo:ConsumerPriceIndexMembercountry:GB2020-06-300000835403deo:ConsumerPriceIndexMembercountry:GB2019-06-300000835403deo:ConsumerPriceIndexMembercountry:IE2021-06-300000835403deo:ConsumerPriceIndexMembercountry:IE2020-06-300000835403deo:ConsumerPriceIndexMembercountry:IE2019-06-300000835403deo:ConsumerPriceIndexMembercountry:US2021-06-300000835403deo:ConsumerPriceIndexMembercountry:US2020-06-300000835403deo:ConsumerPriceIndexMembercountry:US2019-06-300000835403deo:RetailPriceIndexMembercountry:GB2021-06-300000835403deo:RetailPriceIndexMembercountry:GB2020-06-300000835403deo:RetailPriceIndexMembercountry:GB2019-06-30utr:Y0000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2018-07-012019-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2018-07-012019-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:GB2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:IE2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementRetiringCurrentlyAtAgeSixtyFiveMembercountry:US2018-07-012019-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2018-07-012019-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2018-07-012019-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2020-07-012021-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2019-07-012020-06-300000835403deo:MaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:GB2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:IE2018-07-012019-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2020-07-012021-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2019-07-012020-06-300000835403deo:FemaleMemberdeo:ActuarialAssumptionOfLifeExpectancyAfterRetirementCurrentlyAgedFortyFiveAndRetiringAtAgeSixtyFiveMembercountry:US2018-07-012019-06-300000835403ifrs-full:ActuarialAssumptionOfDiscountRatesMember2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMembercountry:GB2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMembercountry:GB2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMembercountry:IE2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMembercountry:IE2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMemberdeo:UnitedStatesAndOtherMember2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInDiscountRatesMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMembercountry:GB2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMembercountry:GB2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMembercountry:IE2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMembercountry:IE2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMemberdeo:UnitedStatesAndOtherMember2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInDiscountRatesMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflationMember2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInInflationRatesMembercountry:GB2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInInflationRatesMembercountry:GB2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInInflationRatesMembercountry:IE2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInInflationRatesMembercountry:IE2021-06-300000835403deo:UnitedStatesAndOtherMemberdeo:ActuarialAssumptionOfIncreaseInInflationRatesMember2020-07-012021-06-300000835403deo:UnitedStatesAndOtherMemberdeo:ActuarialAssumptionOfIncreaseInInflationRatesMember2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMembercountry:GB2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMembercountry:GB2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMembercountry:IE2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMembercountry:IE2021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMemberdeo:UnitedStatesAndOtherMember2020-07-012021-06-300000835403deo:ActuarialAssumptionOfDecreaseInInflationRatesMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403ifrs-full:ActuarialAssumptionOfLifeExpectancyAfterRetirementMember2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMembercountry:GB2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMembercountry:GB2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMembercountry:IE2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMembercountry:IE2021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMemberdeo:UnitedStatesAndOtherMember2020-07-012021-06-300000835403deo:ActuarialAssumptionOfIncreaseInLifeExpectancyMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403ifrs-full:Level1OfFairValueHierarchyMembercountry:GB2021-06-300000835403ifrs-full:Level1OfFairValueHierarchyMembercountry:IE2021-06-300000835403ifrs-full:Level1OfFairValueHierarchyMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403ifrs-full:Level1OfFairValueHierarchyMember2021-06-300000835403ifrs-full:Level1OfFairValueHierarchyMembercountry:GB2020-06-300000835403ifrs-full:Level1OfFairValueHierarchyMembercountry:IE2020-06-300000835403ifrs-full:Level1OfFairValueHierarchyMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403ifrs-full:Level1OfFairValueHierarchyMember2020-06-300000835403country:GBifrs-full:Level2And3OfFairValueHierarchyMember2021-06-300000835403country:IEifrs-full:Level2And3OfFairValueHierarchyMember2021-06-300000835403deo:UnitedStatesAndOtherMemberifrs-full:Level2And3OfFairValueHierarchyMember2021-06-300000835403ifrs-full:Level2And3OfFairValueHierarchyMember2021-06-300000835403country:GBifrs-full:Level2And3OfFairValueHierarchyMember2020-06-300000835403country:IEifrs-full:Level2And3OfFairValueHierarchyMember2020-06-300000835403deo:UnitedStatesAndOtherMemberifrs-full:Level2And3OfFairValueHierarchyMember2020-06-300000835403ifrs-full:Level2And3OfFairValueHierarchyMember2020-06-300000835403country:GBdeo:FixedInterestGovernmentBondsMember2021-06-300000835403deo:FixedInterestGovernmentBondsMembercountry:IE2021-06-300000835403deo:UnitedStatesAndOtherMemberdeo:FixedInterestGovernmentBondsMember2021-06-300000835403deo:FixedInterestGovernmentBondsMember2021-06-300000835403country:GBdeo:FixedInterestGovernmentBondsMember2020-06-300000835403deo:FixedInterestGovernmentBondsMembercountry:IE2020-06-300000835403deo:UnitedStatesAndOtherMemberdeo:FixedInterestGovernmentBondsMember2020-06-300000835403deo:FixedInterestGovernmentBondsMember2020-06-300000835403deo:InflationLinkedGovernmentBondsMembercountry:GB2021-06-300000835403deo:InflationLinkedGovernmentBondsMembercountry:IE2021-06-300000835403deo:InflationLinkedGovernmentBondsMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:InflationLinkedGovernmentBondsMember2021-06-300000835403deo:InflationLinkedGovernmentBondsMembercountry:GB2020-06-300000835403deo:InflationLinkedGovernmentBondsMembercountry:IE2020-06-300000835403deo:InflationLinkedGovernmentBondsMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403deo:InflationLinkedGovernmentBondsMember2020-06-300000835403deo:InvestmentGradeCorporateBondsMembercountry:GB2021-06-300000835403deo:InvestmentGradeCorporateBondsMembercountry:IE2021-06-300000835403deo:InvestmentGradeCorporateBondsMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:InvestmentGradeCorporateBondsMember2021-06-300000835403deo:InvestmentGradeCorporateBondsMembercountry:GB2020-06-300000835403deo:InvestmentGradeCorporateBondsMembercountry:IE2020-06-300000835403deo:InvestmentGradeCorporateBondsMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403deo:InvestmentGradeCorporateBondsMember2020-06-300000835403deo:NonInvestmentGradeBondsMembercountry:GB2021-06-300000835403deo:NonInvestmentGradeBondsMembercountry:IE2021-06-300000835403deo:NonInvestmentGradeBondsMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:NonInvestmentGradeBondsMember2021-06-300000835403deo:NonInvestmentGradeBondsMembercountry:GB2020-06-300000835403deo:NonInvestmentGradeBondsMembercountry:IE2020-06-300000835403deo:NonInvestmentGradeBondsMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403deo:NonInvestmentGradeBondsMember2020-06-300000835403deo:LoanSecuritiesBondsMembercountry:GB2021-06-300000835403deo:LoanSecuritiesBondsMembercountry:IE2021-06-300000835403deo:LoanSecuritiesBondsMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:LoanSecuritiesBondsMember2021-06-300000835403deo:LoanSecuritiesBondsMembercountry:GB2020-06-300000835403deo:LoanSecuritiesBondsMembercountry:IE2020-06-300000835403deo:LoanSecuritiesBondsMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403deo:LoanSecuritiesBondsMember2020-06-300000835403deo:RepurchaseAgreementsBondsMembercountry:GB2021-06-300000835403deo:RepurchaseAgreementsBondsMembercountry:IE2021-06-300000835403deo:RepurchaseAgreementsBondsMemberdeo:UnitedStatesAndOtherMember2021-06-300000835403deo:RepurchaseAgreementsBondsMember2021-06-300000835403deo:RepurchaseAgreementsBondsMembercountry:GB2020-06-300000835403deo:RepurchaseAgreementsBondsMembercountry:IE2020-06-300000835403deo:RepurchaseAgreementsBondsMemberdeo:UnitedStatesAndOtherMember2020-06-300000835403deo:RepurchaseAgreementsBondsMember2020-06-300000835403country:GBdeo:LiabilityDrivenInvestmentBondsMember2021-06-300000835403country:IEdeo:LiabilityDrivenInvestmentBondsMember2021-06-300000835403deo:UnitedStatesAndOtherMemberdeo:LiabilityDrivenInvestmentBondsMember2021-06-300000835403deo:LiabilityDrivenInvestmentBondsMember2021-06-300000835403country:GBdeo:LiabilityDrivenInvestmentBondsMember2020-06-300000835403country:IEdeo:LiabilityDrivenInvestmentBondsMember2020-06-300000835403deo:UnitedStatesAndOtherMemberdeo:LiabilityDrivenInvestmentBondsMember2020-06-300000835403deo:LiabilityDrivenInvestmentBondsMember2020-06-300000835403deo:UnitedStatesAndOtherMember2021-06-300000835403deo:UnitedStatesAndOtherMember2020-06-300000835403ifrs-full:TopOfRangeMembercountry:GBifrs-full:ContingentLiabilityArisingFromPostemploymentBenefitObligationsMember2030-12-310000835403ifrs-full:TopOfRangeMemberifrs-full:ContingentLiabilityArisingFromPostemploymentBenefitObligationsMembercountry:IE2027-12-310000835403ifrs-full:TopOfRangeMembercountry:IE2021-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:GB2020-07-012021-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:GB2019-07-012020-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:IE2020-07-012021-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:IE2019-07-012020-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:US2020-07-012021-06-300000835403ifrs-full:NotLaterThanOneYearMembercountry:US2019-07-012020-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:GB2020-07-012021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:GB2019-07-012020-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:IE2020-07-012021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:IE2019-07-012020-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:US2020-07-012021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMembercountry:US2019-07-012020-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:GB2020-07-012021-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:GB2019-07-012020-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:IE2020-07-012021-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:IE2019-07-012020-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:US2020-07-012021-06-300000835403deo:LaterThanSixYearsAndNotLaterThanFifteenYearsMembercountry:US2019-07-012020-06-300000835403country:GBdeo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMember2020-07-012021-06-300000835403country:GBdeo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMember2019-07-012020-06-300000835403country:IEdeo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMember2020-07-012021-06-300000835403country:IEdeo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMember2019-07-012020-06-300000835403deo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMembercountry:US2020-07-012021-06-300000835403deo:LaterThanSixteenYearAndNotLaterThanTwentyFiveYearsMembercountry:US2019-07-012020-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:GB2020-07-012021-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:GB2019-07-012020-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:IE2020-07-012021-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:IE2019-07-012020-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:US2020-07-012021-06-300000835403deo:LaterThanTwentyFiveYearsMembercountry:US2019-07-012020-06-300000835403deo:ObsoleteInventoriesMemberdeo:COVID19Member2020-07-012021-06-300000835403deo:ObsoleteInventoriesMemberdeo:COVID19Member2019-07-012020-06-300000835403deo:CurrentTradeAndOtherReceivablesMember2021-06-300000835403deo:NonCurrentTradeAndOtherReceivablesMember2021-06-300000835403deo:CurrentTradeAndOtherReceivablesMember2020-06-300000835403deo:NonCurrentTradeAndOtherReceivablesMember2020-06-300000835403deo:NotOverDueMember2021-06-300000835403deo:NotOverDueMember2020-06-300000835403deo:OverdueOneToThirtyDaysMember2021-06-300000835403deo:OverdueOneToThirtyDaysMember2020-06-300000835403ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember2021-06-300000835403ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember2020-06-300000835403ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember2021-06-300000835403ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember2020-06-300000835403deo:OverdueNinetyOneToOneHundredAndEightyDaysMember2021-06-300000835403deo:OverdueNinetyOneToOneHundredAndEightyDaysMember2020-06-300000835403deo:OverdueMoreThanOneHundredAndEightyDaysMember2021-06-300000835403deo:OverdueMoreThanOneHundredAndEightyDaysMember2020-06-300000835403deo:COVID19Member2020-07-012021-06-300000835403deo:CurrentTradeAndOtherPayablesMember2021-06-300000835403deo:NonCurrentTradeAndOtherPayablesMember2021-06-300000835403deo:CurrentTradeAndOtherPayablesMember2020-06-300000835403deo:NonCurrentTradeAndOtherPayablesMember2020-06-300000835403ifrs-full:AtFairValueMemberdeo:NonCurrentTradeAndOtherPayablesMember2021-06-300000835403ifrs-full:AtFairValueMemberdeo:NonCurrentTradeAndOtherPayablesMember2020-06-300000835403deo:ThalidomideProvisionMember2020-06-300000835403ifrs-full:MiscellaneousOtherProvisionsMember2020-06-300000835403deo:ThalidomideProvisionMember2020-07-012021-06-300000835403ifrs-full:MiscellaneousOtherProvisionsMember2020-07-012021-06-300000835403deo:ThalidomideProvisionMember2021-06-300000835403ifrs-full:MiscellaneousOtherProvisionsMember2021-06-300000835403ifrs-full:MiscellaneousOtherProvisionsMemberdeo:COVID19Memberdeo:RaisingTheBarMember2021-06-300000835403ifrs-full:MiscellaneousOtherProvisionsMemberdeo:COVID19Memberdeo:RaisingTheBarMember2020-06-3000008354032020-06-012020-06-300000835403ifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-07-012021-06-300000835403ifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-06-300000835403ifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-06-300000835403deo:TransactionExposureHedgingRiskMembercurrency:USD2020-07-012021-06-300000835403deo:TransactionExposureHedgingRiskMemberdeo:OtherCurrencyMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:FixedInterestRateMember2021-06-300000835403ifrs-full:TopOfRangeMemberifrs-full:FixedInterestRateMember2021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:FixedInterestRateMember2020-12-310000835403ifrs-full:TopOfRangeMemberifrs-full:FixedInterestRateMember2020-12-310000835403ifrs-full:FixedInterestRateMember2021-06-300000835403ifrs-full:FixedInterestRateMember2020-06-300000835403ifrs-full:FloatingInterestRateMember2021-06-300000835403ifrs-full:FloatingInterestRateMember2020-06-300000835403deo:ImpactOfFinancialDerivativesAndFairValueAdjustmentsMember2021-06-300000835403deo:ImpactOfFinancialDerivativesAndFairValueAdjustmentsMember2020-06-300000835403ifrs-full:LeaseLiabilitiesMember2021-06-300000835403ifrs-full:LeaseLiabilitiesMember2020-06-300000835403ifrs-full:WeightedAverageMember2021-06-300000835403ifrs-full:WeightedAverageMember2020-06-300000835403ifrs-full:WeightedAverageMember2019-06-300000835403ifrs-full:InterestRateRiskMemberdeo:USDLIBORMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:InterestRateRiskMemberdeo:USDLIBORMemberifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:InterestRateRiskMember2020-07-012021-06-300000835403ifrs-full:CurrencyRiskMember2020-07-012021-06-300000835403ifrs-full:InterestRateRiskMemberdeo:ZeroPointFivePercentageDecreaseInInterestRatesMember2020-07-012021-06-300000835403ifrs-full:InterestRateRiskMemberdeo:ZeroPointFivePercentageDecreaseInInterestRatesMember2019-07-012020-06-300000835403ifrs-full:InterestRateRiskMemberdeo:ZeroPointFivePercentageIncreaseInInterestRatesMember2020-07-012021-06-300000835403ifrs-full:InterestRateRiskMemberdeo:ZeroPointFivePercentageIncreaseInInterestRatesMember2019-07-012020-06-300000835403ifrs-full:CurrencyRiskMemberdeo:TenPercentageWeakeningOfSterlingMember2020-07-012021-06-300000835403ifrs-full:CurrencyRiskMemberdeo:TenPercentageWeakeningOfSterlingMember2019-07-012020-06-300000835403ifrs-full:CurrencyRiskMemberdeo:TenPercentageStrengtheningOfSterlingMember2020-07-012021-06-300000835403ifrs-full:CurrencyRiskMemberdeo:TenPercentageStrengtheningOfSterlingMember2019-07-012020-06-300000835403ifrs-full:LiquidityRiskMember2021-06-300000835403deo:UndiscountedAmountMemberifrs-full:NotLaterThanOneYearMember2021-06-300000835403deo:UndiscountedAmountMemberifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2021-06-300000835403deo:UndiscountedAmountMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2021-06-300000835403ifrs-full:LaterThanFiveYearsMemberdeo:UndiscountedAmountMember2021-06-300000835403deo:UndiscountedAmountMember2021-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:NotLaterThanOneYearMember2021-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2021-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2021-06-300000835403ifrs-full:LaterThanFiveYearsMemberdeo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMember2021-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMember2021-06-300000835403deo:CrossCurrencySwapsMember2021-06-300000835403deo:UndiscountedAmountMemberifrs-full:NotLaterThanOneYearMember2020-06-300000835403deo:UndiscountedAmountMemberifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2020-06-300000835403deo:UndiscountedAmountMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2020-06-300000835403ifrs-full:LaterThanFiveYearsMemberdeo:UndiscountedAmountMember2020-06-300000835403deo:UndiscountedAmountMember2020-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:NotLaterThanOneYearMember2020-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2020-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2020-06-300000835403ifrs-full:LaterThanFiveYearsMemberdeo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMember2020-06-300000835403deo:CrossCurrencySwapsMemberdeo:UndiscountedAmountMember2020-06-300000835403deo:CrossCurrencySwapsMember2020-06-300000835403ifrs-full:NotLaterThanOneYearMember2021-06-300000835403ifrs-full:NotLaterThanOneYearMember2020-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2020-06-300000835403deo:LaterThanTwoYearsMember2021-06-300000835403deo:LaterThanTwoYearsMember2020-06-300000835403deo:IndustriasLicorerasDeGuatemalaMember2020-07-012021-06-300000835403deo:IndustriasLicorerasDeGuatemalaMemberifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2021-06-300000835403deo:IndustriasLicorerasDeGuatemalaMemberifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2020-06-300000835403deo:IndustriasLicorerasDeGuatemalaMemberdeo:OptionExercisedAt30June2023Member2020-07-012021-06-300000835403deo:UndiscountedAmountMemberifrs-full:BusinessCombinationsMemberifrs-full:ContingentConsiderationMember2021-06-300000835403ifrs-full:Level2OfFairValueHierarchyMember2021-06-300000835403ifrs-full:Level2OfFairValueHierarchyMember2020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMember2021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMember2020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMember2020-07-012021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMember2019-07-012020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2019-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2019-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2020-07-012021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2020-07-012021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2019-07-012020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2019-07-012020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberdeo:PutOptionMember2021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMemberdeo:CasamigosAcquisitionMember2021-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMemberdeo:CasamigosAcquisitionMember2020-06-300000835403ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMemberdeo:AviationGinAndDavosBrandsMember2021-06-300000835403deo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-06-300000835403ifrs-full:BottomOfRangeMemberdeo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMembercurrency:TRY2021-06-300000835403ifrs-full:TopOfRangeMemberdeo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMembercurrency:TRY2021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMembercurrency:USDdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMembercurrency:USDdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMembercurrency:USD2021-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:TransactionExposureHedgingRiskMembercurrency:USD2021-06-300000835403currency:EURifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403currency:EURifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMember2021-06-30iso4217:USDdeo:bushel0000835403ifrs-full:CommodityPriceRiskMemberifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:CornMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:CornMember2021-06-30deo:USD_per_Metric_Tonnes0000835403ifrs-full:CommodityPriceRiskMemberifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:AluminiumMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberdeo:AluminiumMemberifrs-full:TopOfRangeMember2021-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:BottomOfRangeMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:TopOfRangeMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMembercurrency:USDdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMembercurrency:USDdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403ifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMembercurrency:USD2020-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:TransactionExposureHedgingRiskMembercurrency:USD2020-06-300000835403currency:EURifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403currency:EURifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMemberdeo:CornMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMemberdeo:CornMember2020-06-30iso4217:USDdeo:gallon0000835403ifrs-full:CommodityPriceRiskMemberifrs-full:BottomOfRangeMemberifrs-full:CashFlowHedgesMembersrt:FuelMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:TopOfRangeMembersrt:FuelMember2020-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:BottomOfRangeMemberifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:TopOfRangeMemberifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:CashFlowHedgesMember2020-07-012021-06-300000835403ifrs-full:CashFlowHedgesMember2019-07-012020-06-300000835403ifrs-full:CashFlowHedgesMember2018-07-012019-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-07-012021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2020-07-012021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2019-07-012020-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2019-07-012020-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2018-07-012019-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2018-07-012019-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMember2020-07-012021-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMember2019-07-012020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMember2018-07-012019-06-300000835403ifrs-full:CashFlowHedgesMembersrt:ScenarioForecastMember2021-07-012022-06-300000835403ifrs-full:CashFlowHedgesMembersrt:ScenarioForecastMember2022-07-012023-06-300000835403ifrs-full:DerivativesMemberdeo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-06-300000835403ifrs-full:DerivativesMemberdeo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-07-012021-06-300000835403ifrs-full:DerivativesMemberdeo:ForeignExchangeRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMemberdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMemberdeo:ForeignCurrencyDebtRiskMember2020-07-012021-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:DerivativesMember2020-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:DerivativesMember2020-07-012021-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:DerivativesMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMember2021-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:DerivativesMemberifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:DerivativesMemberifrs-full:FairValueHedgesMember2020-07-012021-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:DerivativesMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:FairValueHedgesMember2020-06-300000835403ifrs-full:FairValueHedgesMember2020-07-012021-06-300000835403ifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2019-06-300000835403ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2019-07-012020-06-300000835403ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMemberdeo:ForeignCurrencyDebtRiskMember2019-06-300000835403ifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMemberdeo:ForeignCurrencyDebtRiskMember2019-07-012020-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:DerivativesMember2019-06-300000835403ifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:DerivativesMember2019-07-012020-06-300000835403ifrs-full:CommodityPriceRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:DerivativesMember2019-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:DerivativesMemberifrs-full:FairValueHedgesMember2019-06-300000835403ifrs-full:InterestRateRiskMemberifrs-full:DerivativesMemberifrs-full:FairValueHedgesMember2019-07-012020-06-300000835403ifrs-full:FairValueHedgesMember2019-06-300000835403ifrs-full:FairValueHedgesMember2019-07-012020-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember2021-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:OtherInvestmentsAndLoansMemberdeo:FinancialAssetsOutsideScopeOfIFRS9Member2021-06-300000835403deo:OtherInvestmentsAndLoansMember2021-06-300000835403deo:TradeAndOtherReceivableMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:FinancialAssetsOutsideScopeOfIFRS9Memberdeo:TradeAndOtherReceivableMember2021-06-300000835403deo:TradeAndOtherReceivableMember2021-06-300000835403deo:CashCashAndCashEquivalentMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:CashCashAndCashEquivalentMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:InterestRateRiskMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberifrs-full:FairValueHedgesMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberdeo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403ifrs-full:CommodityPriceRiskMemberdeo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMember2021-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherInstrumentsAssetsMember2021-06-300000835403deo:OtherInstrumentsAssetsMember2021-06-300000835403deo:LeasereceivableMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:LeasereceivableMember2021-06-300000835403deo:OtherFinancialAssetMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403deo:OtherFinancialAssetMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:OtherFinancialAssetMember2021-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember2021-06-300000835403ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2021-06-300000835403deo:FinancialAssetsOutsideScopeOfIFRS9Member2021-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberdeo:Borrowings1Member2021-06-300000835403deo:Borrowings1Member2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:TradeAndOtherPayableMember2021-06-300000835403deo:TradeAndOtherPayableMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2021-06-300000835403deo:TradeAndOtherPayableMemberdeo:FinancialLiabilitiesOutsideScopeOfIfrs9Member2021-06-300000835403deo:TradeAndOtherPayableMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:DerivativeLiabilitiesMemberifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2021-06-300000835403deo:DerivativeLiabilitiesMemberifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403deo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403deo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherInstrumentsLiabilitiesMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberdeo:OtherInstrumentsLiabilitiesMember2021-06-300000835403deo:OtherInstrumentsLiabilitiesMember2021-06-300000835403ifrs-full:LeaseLiabilitiesMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2021-06-300000835403ifrs-full:LeaseLiabilitiesMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherFinancialLiabilities1Member2021-06-300000835403deo:OtherFinancialLiabilities1Memberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2021-06-300000835403deo:OtherFinancialLiabilities1Member2021-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2021-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2021-06-300000835403deo:FinancialLiabilitiesOutsideScopeOfIfrs9Member2021-06-300000835403deo:FairValueThroughProfitOrLossCategoryMember2021-06-300000835403deo:FairValueThroughOtherComprehensiveIncomeMember2021-06-300000835403deo:AtAmortisedCostCategoryMember2021-06-300000835403deo:OutsideScopeOfIFRS9Member2021-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember2020-06-300000835403deo:OtherInvestmentsAndLoansMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:OtherInvestmentsAndLoansMemberdeo:FinancialAssetsOutsideScopeOfIFRS9Member2020-06-300000835403deo:OtherInvestmentsAndLoansMember2020-06-300000835403deo:TradeAndOtherReceivableMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:FinancialAssetsOutsideScopeOfIFRS9Memberdeo:TradeAndOtherReceivableMember2020-06-300000835403deo:TradeAndOtherReceivableMember2020-06-300000835403deo:CashCashAndCashEquivalentMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:CashCashAndCashEquivalentMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:InterestRateRiskMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberifrs-full:FairValueHedgesMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:InterestRateRiskMemberifrs-full:FairValueHedgesMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:ForeignCurrencyDebtRiskMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403deo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberdeo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberdeo:DerivativesAssetsMemberifrs-full:CashFlowHedgesMember2020-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherInstrumentsAssetsMember2020-06-300000835403deo:OtherInstrumentsAssetsMember2020-06-300000835403deo:LeasereceivableMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:LeasereceivableMember2020-06-300000835403deo:OtherFinancialAssetMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403deo:OtherFinancialAssetMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:OtherFinancialAssetMember2020-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember2020-06-300000835403ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember2020-06-300000835403deo:FinancialAssetsOutsideScopeOfIFRS9Member2020-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberdeo:Borrowings1Member2020-06-300000835403deo:Borrowings1Member2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:TradeAndOtherPayableMember2020-06-300000835403deo:TradeAndOtherPayableMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2020-06-300000835403deo:TradeAndOtherPayableMemberdeo:FinancialLiabilitiesOutsideScopeOfIfrs9Member2020-06-300000835403deo:TradeAndOtherPayableMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403deo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMemberdeo:TransactionExposureHedgingRiskMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:CommodityPriceRiskMemberdeo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMember2020-06-300000835403ifrs-full:CommodityPriceRiskMemberdeo:DerivativeLiabilitiesMemberifrs-full:CashFlowHedgesMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherInstrumentsLiabilitiesMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberdeo:OtherInstrumentsLiabilitiesMember2020-06-300000835403deo:OtherInstrumentsLiabilitiesMember2020-06-300000835403ifrs-full:LeaseLiabilitiesMemberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2020-06-300000835403ifrs-full:LeaseLiabilitiesMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberdeo:OtherFinancialLiabilities1Member2020-06-300000835403deo:OtherFinancialLiabilities1Memberifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2020-06-300000835403deo:OtherFinancialLiabilities1Member2020-06-300000835403ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2020-06-300000835403ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember2020-06-300000835403deo:FinancialLiabilitiesOutsideScopeOfIfrs9Member2020-06-300000835403deo:FairValueThroughProfitOrLossCategoryMember2020-06-300000835403deo:FairValueThroughOtherComprehensiveIncomeMember2020-06-300000835403deo:AtAmortisedCostCategoryMember2020-06-300000835403deo:OutsideScopeOfIFRS9Member2020-06-300000835403ifrs-full:AtFairValueMemberifrs-full:Level1OfFairValueHierarchyMember2021-06-300000835403ifrs-full:AtFairValueMemberifrs-full:Level1OfFairValueHierarchyMember2020-06-300000835403ifrs-full:BottomOfRangeMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMember2020-07-012021-06-300000835403deo:ZeroPointZeroZeroPercentageBondsDueTwoThousandAndTwentyMember2021-06-300000835403deo:ZeroPointZeroZeroPercentageBondsDueTwoThousandAndTwentyMember2020-06-300000835403deo:FourPointEightTwoEightPercentageBondsDueTwoThousandTwentyMember2021-06-300000835403deo:FourPointEightTwoEightPercentageBondsDueTwoThousandTwentyMember2020-06-300000835403deo:ZeroPointTwoFivePercentageBondsDueTwoThousandTwentyOneMember2021-06-300000835403deo:ZeroPointTwoFivePercentageBondsDueTwoThousandTwentyOneMember2020-06-300000835403deo:TwoPointEightSevenFivePercentageBondsDueTwoThousandTwentyTwoMember2021-06-300000835403deo:TwoPointEightSevenFivePercentageBondsDueTwoThousandTwentyTwoMember2020-06-300000835403deo:EightPercentageBondsDueTwoThousandTwentyTwoMember2021-06-300000835403deo:EightPercentageBondsDueTwoThousandTwentyTwoMember2020-06-300000835403deo:TwoPointSixTwoFivePercentageBondsDueTwoThousandTwentyThreeMember2021-06-300000835403deo:TwoPointSixTwoFivePercentageBondsDueTwoThousandTwentyThreeMember2020-06-300000835403deo:ZeroPointOneTwoFivePercentageBondsDueTwoThousandTwentyThreeMember2021-06-300000835403deo:ZeroPointOneTwoFivePercentageBondsDueTwoThousandTwentyThreeMember2020-06-300000835403deo:ThreePointFivePercentageBondsDueTwoThousandAndTwentyThreeMember2021-06-300000835403deo:ThreePointFivePercentageBondsDueTwoThousandAndTwentyThreeMember2020-06-300000835403deo:TwoPointOneTwoFivePercentageBondsDueTwoThousandTwentyFourMember2021-06-300000835403deo:TwoPointOneTwoFivePercentageBondsDueTwoThousandTwentyFourMember2020-06-300000835403deo:OnePointSevenFivePercentageBondsDueTwoThousandTwentyFourMember2021-06-300000835403deo:OnePointSevenFivePercentageBondsDueTwoThousandTwentyFourMember2020-06-300000835403deo:ZeroPointFiveZeroPercentageBondsDueTwoThousandAndTwentyFourMember2021-06-300000835403deo:ZeroPointFiveZeroPercentageBondsDueTwoThousandAndTwentyFourMember2020-06-300000835403deo:OnePointThreeSevenFivePercentageBondsDueTwoThousandTwentyFiveMember2021-06-300000835403deo:OnePointThreeSevenFivePercentageBondsDueTwoThousandTwentyFiveMember2020-06-300000835403deo:OnePointZeroPercentageBondsDueTwoThousandTwentyFiveMember2021-06-300000835403deo:OnePointZeroPercentageBondsDueTwoThousandTwentyFiveMember2020-06-300000835403deo:TwoPointThreeSevenFivePercentageBondsDueTwoThousandTwentySixMember2021-06-300000835403deo:TwoPointThreeSevenFivePercentageBondsDueTwoThousandTwentySixMember2020-06-300000835403deo:OnePointSevenFivePercentageBondsDueTwoThousandTwentySixMember2021-06-300000835403deo:OnePointSevenFivePercentageBondsDueTwoThousandTwentySixMember2020-06-300000835403deo:OnePointEightSevenFiveZeroPercentageBondsDueTwoThousandAndTwentySevenMember2021-06-300000835403deo:OnePointEightSevenFiveZeroPercentageBondsDueTwoThousandAndTwentySevenMember2020-06-300000835403deo:OnePointFiveZeroPercentageBondsDueTwoThousandAndTwentySevenMember2021-06-300000835403deo:OnePointFiveZeroPercentageBondsDueTwoThousandAndTwentySevenMember2020-06-300000835403deo:ZeroPointOneTwoFivePercentageBondsDueTwoThousandAndTwentyEightMember2021-06-300000835403deo:ZeroPointOneTwoFivePercentageBondsDueTwoThousandAndTwentyEightMember2020-06-300000835403deo:ThreePointEightSevenFivePercentageBondsDueTwoThousandAndTwentyEightMember2021-06-300000835403deo:ThreePointEightSevenFivePercentageBondsDueTwoThousandAndTwentyEightMember2020-06-300000835403deo:TwopointthreesevenfivepercentagebondsduetwothousandandtwentynineMember2021-06-300000835403deo:TwopointthreesevenfivepercentagebondsduetwothousandandtwentynineMember2020-06-300000835403deo:TwopointeightsevenfivepercentagebondsduetwothousandandtwentynineMember2021-06-300000835403deo:TwopointeightsevenfivepercentagebondsduetwothousandandtwentynineMember2020-06-300000835403deo:TwopointzeropercentagebondsduetwothousandandthirtyMember2021-06-300000835403deo:TwopointzeropercentagebondsduetwothousandandthirtyMember2020-06-300000835403deo:TwopointfivepercentagebondsduetwothousandandthirtytwoMember2021-06-300000835403deo:TwopointfivepercentagebondsduetwothousandandthirtytwoMember2020-06-300000835403deo:TwopointonetwofivepercentagebondsduetwothousandandthirtytwoMember2021-06-300000835403deo:TwopointonetwofivepercentagebondsduetwothousandandthirtytwoMember2020-06-300000835403deo:OnePointTwoFivePercentageBondsDueTwoThousandAndThirtyThreeMember2021-06-300000835403deo:OnePointTwoFivePercentageBondsDueTwoThousandAndThirtyThreeMember2020-06-300000835403deo:SevenPointFourFivePercentageBondsDueTwoThousandThirtyFiveMember2021-06-300000835403deo:SevenPointFourFivePercentageBondsDueTwoThousandThirtyFiveMember2020-06-300000835403deo:FivePointEightSevenFivePercentageBondsDueTwoThousandThirtySixMember2021-06-300000835403deo:FivePointEightSevenFivePercentageBondsDueTwoThousandThirtySixMember2020-06-300000835403deo:FourPointTwoFivePercentageBondsDueTwoThousandFortyTwoMember2021-06-300000835403deo:FourPointTwoFivePercentageBondsDueTwoThousandFortyTwoMember2020-06-300000835403deo:ThreePointEightSevenFivePercentageBondsDueTwoThousandFortyThreeMember2021-06-300000835403deo:ThreePointEightSevenFivePercentageBondsDueTwoThousandFortyThreeMember2020-06-300000835403deo:DiageoInvestmentCorporationMember2020-07-012021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2021-06-300000835403ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember2020-06-300000835403ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2021-06-300000835403ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember2020-06-300000835403ifrs-full:LaterThanFiveYearsMember2021-06-300000835403ifrs-full:LaterThanFiveYearsMember2020-06-300000835403currency:GBP2021-06-300000835403currency:GBP2020-06-300000835403currency:GBP2019-06-300000835403ifrs-full:LeaseLiabilitiesMember2019-07-012020-06-300000835403currency:INR2021-06-300000835403currency:INR2020-06-300000835403currency:KES2021-06-300000835403currency:KES2020-06-300000835403currency:HUF2021-06-300000835403currency:HUF2020-06-300000835403currency:MXN2021-06-300000835403currency:MXN2020-06-300000835403currency:CNY2021-06-300000835403currency:CNY2020-06-300000835403currency:NGN2021-06-300000835403currency:NGN2020-06-300000835403deo:OtherCurrenciesMember2021-06-300000835403deo:OtherCurrenciesMember2020-06-300000835403currency:TRY2021-06-300000835403currency:TRY2020-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2018-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2018-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2018-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2018-07-012019-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2018-07-012019-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2018-07-012019-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2019-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2019-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2019-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2019-07-012020-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2019-07-012020-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2019-07-012020-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2020-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2020-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2020-07-012021-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-07-012021-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2020-07-012021-06-300000835403ifrs-full:ReserveOfCashFlowHedgesMember2021-06-300000835403ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-06-300000835403deo:ReserveOfCashFlowHedgesAndExchangeDifferencesOnTranslationMember2021-06-300000835403deo:ShareTrustsMemberifrs-full:TreasurySharesMember2018-07-012019-06-300000835403ifrs-full:TreasurySharesMemberdeo:SharePlansMember2018-07-012019-06-300000835403ifrs-full:TreasurySharesMemberdeo:ShareBuyBackProgrammeMember2018-07-012019-06-300000835403deo:ShareTrustsMemberifrs-full:TreasurySharesMember2019-07-012020-06-300000835403ifrs-full:TreasurySharesMemberdeo:SharePlansMember2019-07-012020-06-300000835403ifrs-full:TreasurySharesMemberdeo:ShareBuyBackProgrammeMember2019-07-012020-06-300000835403deo:ShareTrustsMemberifrs-full:TreasurySharesMember2020-07-012021-06-300000835403ifrs-full:TreasurySharesMemberdeo:SharePlansMember2020-07-012021-06-300000835403ifrs-full:TreasurySharesMemberdeo:ShareBuyBackProgrammeMember2020-07-012021-06-300000835403deo:EmployeeShareTrustsMember2021-06-300000835403deo:EmployeeShareTrustsMember2020-06-300000835403deo:EmployeeShareTrustsMember2019-06-3000008354032020-09-280000835403ifrs-full:PurchasedCallOptionsMember2018-07-012019-06-300000835403deo:ShareBuyBackProgrammeMember2019-07-250000835403deo:ReturnOfCapitalProgrammeMember2019-07-252022-06-300000835403ifrs-full:TreasurySharesMemberdeo:ShareBuyBackProgrammeMember2019-07-252020-01-310000835403ifrs-full:TreasurySharesMemberdeo:ShareBuyBackProgrammeMember2021-05-122022-06-300000835403deo:DiageoPlcMemberdeo:ShareBuyBackProgrammeMember2020-07-012021-06-300000835403deo:DiageoPlcMemberdeo:ShareBuyBackProgrammeMember2019-07-012020-06-300000835403deo:DiageoPlcMemberdeo:ShareBuyBackProgrammeMember2018-07-012019-06-300000835403deo:ShareBuyBackProgrammeMember2021-06-300000835403ifrs-full:MajorOrdinaryShareTransactionsMemberdeo:ShareBuyBackProgrammeMember2021-07-012021-07-290000835403deo:TreasurySharesPurchasedDuringTheYearMemberdeo:ShareBuyBackProgrammeMember2021-05-012021-05-310000835403deo:TreasurySharesPurchasedDuringTheYearMember2021-05-012021-05-310000835403deo:TreasurySharesPurchasedDuringTheYearMember2021-05-310000835403deo:TreasurySharesPurchasedDuringTheYearMemberdeo:ShareBuyBackProgrammeMember2021-06-012021-06-300000835403deo:TreasurySharesPurchasedDuringTheYearMember2021-06-012021-06-300000835403deo:TreasurySharesPurchasedDuringTheYearMember2021-06-300000835403deo:TreasurySharesPurchasedDuringTheYearMemberdeo:ShareBuyBackProgrammeMember2020-07-012021-06-300000835403deo:TreasurySharesPurchasedDuringTheYearMember2020-07-012021-06-3000008354032017-07-012018-06-300000835403ifrs-full:MajorOrdinaryShareTransactionsMember2021-07-282021-07-280000835403deo:UnitedSpiritsLimitedMember2020-07-012021-06-300000835403deo:KetelOneMember2020-07-012021-06-300000835403deo:OthersThanUSLMember2020-07-012021-06-300000835403deo:EntitiesValueForSubsidiaryMember2020-07-012021-06-300000835403deo:EntitiesValueForSubsidiaryMember2019-07-012020-06-300000835403deo:EntitiesValueForSubsidiaryMember2018-07-012019-06-300000835403deo:UnitedSpiritsLimitedMember2021-06-300000835403deo:OthersThanUSLMember2021-06-300000835403deo:EntitiesValueForSubsidiaryMember2021-06-300000835403deo:EntitiesValueForSubsidiaryMember2020-06-300000835403deo:EntitiesValueForSubsidiaryMember2019-06-300000835403deo:KetelOneDistributionRightMember2019-06-300000835403deo:SerengetiBreweriesLimitedMemberdeo:EastAfricanBreweriesLimitedMember2020-07-012020-10-200000835403deo:SerengetiBreweriesLimitedMemberdeo:EastAfricanBreweriesLimitedMember2020-11-072021-06-300000835403deo:SichuanShuijingfangCompanyLimitedMember2020-07-012021-06-300000835403deo:SichuanShuijingfangCompanyLimitedMember2020-07-012020-07-010000835403deo:SichuanShuijingfangCompanyLimitedMember2021-06-302021-06-300000835403deo:ExecutiveShareAwardPlansMember2020-07-012021-06-300000835403deo:ExecutiveShareAwardPlansMember2019-07-012020-06-300000835403deo:ExecutiveShareAwardPlansMember2018-07-012019-06-300000835403deo:ExecutiveShareOptionPlansMember2020-07-012021-06-300000835403deo:ExecutiveShareOptionPlansMember2019-07-012020-06-300000835403deo:ExecutiveShareOptionPlansMember2018-07-012019-06-300000835403deo:SavingsPlansMember2020-07-012021-06-300000835403deo:SavingsPlansMember2019-07-012020-06-300000835403deo:SavingsPlansMember2018-07-012019-06-300000835403deo:EquitysettledPlansMember2020-07-012021-06-300000835403deo:EquitysettledPlansMember2019-07-012020-06-300000835403deo:EquitysettledPlansMember2018-07-012019-06-300000835403deo:CompoundAnnualGrowthInProfitBeforeExceptionalItemsOverThreeYearsMemberdeo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403deo:CompoundAnnualGrowthInOrganicNetSalesOverThreeYearsMemberdeo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403deo:EnvironmentalSocialAndGovernancePrioritiesMemberdeo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403ifrs-full:BottomOfRangeMemberdeo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberdeo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403deo:DiageoLongTermIncentivePlanMember2020-07-012021-06-300000835403deo:SavingsPlansMemberifrs-full:BottomOfRangeMember2020-07-012021-06-300000835403deo:SavingsPlansMemberifrs-full:TopOfRangeMember2020-07-012021-06-300000835403deo:SavingsPlansMember2021-06-300000835403deo:ExecutiveShareAwardPlansMember2020-06-300000835403deo:ExecutiveShareAwardPlansMember2019-06-300000835403deo:ExecutiveShareAwardPlansMember2018-06-300000835403deo:ExecutiveShareAwardPlansMember2021-06-300000835403ifrs-full:BottomOfRangeMember2021-06-300000835403ifrs-full:TopOfRangeMember2021-06-300000835403ifrs-full:BottomOfRangeMember2020-06-300000835403ifrs-full:TopOfRangeMember2020-06-300000835403ifrs-full:BottomOfRangeMember2019-06-300000835403ifrs-full:TopOfRangeMember2019-06-300000835403deo:UnitedSpiritsLimitedMemberdeo:SharePurchaseAgreementMember2013-07-042013-07-040000835403deo:UnitedSpiritsLimitedMember2013-07-040000835403deo:UnitedSpiritsLimitedMemberdeo:SharePurchaseAgreementMember2013-07-040000835403deo:UBHLMemberdeo:UnitedSpiritsLimitedMemberdeo:SharePurchaseAgreementMember2013-07-042013-07-040000835403deo:UBHLMemberdeo:UnitedSpiritsLimitedMember2013-07-040000835403deo:UnitedSpiritsLimitedMember2021-06-302021-06-300000835403deo:USLBenefitTrustMemberdeo:UnitedSpiritsLimitedMember2021-06-302021-06-30deo:Petition0000835403deo:UBHLMemberdeo:SharePurchaseAgreementMember2012-11-092012-11-09iso4217:INRxbrli:shares0000835403deo:UBHLMemberdeo:UnitedSpiritsLimitedMember2013-07-042013-07-040000835403deo:UBHLMemberdeo:UnitedSpiritsLimitedMemberdeo:SharePurchaseAgreementMember2020-12-312020-12-310000835403deo:DrMallyaMemberdeo:TwentyFiveFebruaryAgreementMember2016-02-252016-02-250000835403deo:TwentyFiveFebruaryAgreementMemberdeo:WatsonLimitedMember2016-02-252016-02-250000835403deo:TwentyFiveFebruaryAgreementMemberdeo:UnitedBreweriesOverseasLimitedMember2016-02-252016-02-250000835403deo:DrMallyaMemberdeo:TwentyFiveFebruaryAgreementMember2016-02-25deo:instalment0000835403deo:TwentyFiveFebruaryAgreementMember2017-02-252021-02-250000835403deo:TwentyFiveFebruaryAgreementMemberdeo:WatsonLimitedMember2017-11-162017-11-160000835403deo:DrMallyaMemberdeo:TwentyFiveFebruaryAgreementMember2018-03-122018-03-120000835403ifrs-full:ContingentLiabilityForGuaranteesMemberdeo:StandardCharteredMemberdeo:WatsonLimitedMemberdeo:DiageoHoldingsNetherlandsBvMember2013-07-042013-07-040000835403ifrs-full:ContingentLiabilityForGuaranteesMemberdeo:StandardCharteredMemberdeo:WatsonLimitedMemberdeo:DiageoHoldingsNetherlandsBvMember2015-07-012016-06-300000835403ifrs-full:ContingentLiabilityForGuaranteesMemberdeo:StandardCharteredMemberdeo:WatsonLimitedMemberdeo:DiageoHoldingsNetherlandsBvMember2017-11-162017-11-160000835403deo:WatsonLimitedMember2019-05-232019-05-230000835403deo:ContinentalAdministrationServicesLimitedCASLMember2019-05-232019-05-230000835403deo:WatsonLimitedAndContinentalAdministrationServicesLimitedCASLMember2020-10-152020-10-150000835403deo:IDBIBankLimitedMemberdeo:UnitedSpiritsLimitedMemberdeo:IDBITermLoanMember2013-07-030000835403deo:IDBIBankLimitedMemberdeo:UnitedSpiritsLimitedMember2015-04-012015-04-010000835403deo:IDBIBankLimitedMemberdeo:UnitedSpiritsLimitedMember2020-07-012021-06-300000835403ifrs-full:TopOfRangeMemberifrs-full:TaxContingentLiabilityMember2021-06-300000835403ifrs-full:TopOfRangeMembercountry:BRifrs-full:TaxContingentLiabilityMember2021-06-300000835403country:INifrs-full:TopOfRangeMemberifrs-full:TaxContingentLiabilityMember2021-06-300000835403deo:DiageoAmericasSupplyIncMemberdeo:SubstitionDrawbackContingentAssetsMember2020-07-012021-06-300000835403deo:DiageoAmericasSupplyIncMemberdeo:SubstitionDrawbackContingentAssetsMember2019-07-012020-06-300000835403deo:DiageoAmericasSupplyIncMemberdeo:SubstitionDrawbackContingentAssetsMember2021-06-300000835403deo:DiageoPlcMember2019-05-102019-08-090000835403ifrs-full:PensionDefinedBenefitPlansMember2020-07-012021-06-300000835403ifrs-full:PensionDefinedBenefitPlansMember2019-07-012020-06-300000835403ifrs-full:PensionDefinedBenefitPlansMember2018-07-012019-06-300000835403deo:DirectorsMember2020-07-012021-06-300000835403deo:DirectorsMember2019-07-012020-06-300000835403deo:DirectorsMember2018-07-012019-06-300000835403deo:DiageoIrelandMember2020-07-012021-06-300000835403deo:DiageoGreatBritainLimitedMember2020-07-012021-06-300000835403deo:DiageoScotlandLimitedMember2020-07-012021-06-300000835403deo:DiageoBrandsBvMember2020-07-012021-06-300000835403deo:DiageoNorthAmericaIncMember2020-07-012021-06-300000835403deo:DiageoCapitalPlcMember2020-07-012021-06-300000835403deo:DiageoFinancePlcMember2020-07-012021-06-300000835403deo:MeyIckiSanayiVeTicaretAsMember2020-07-012021-06-300000835403deo:MoetHennessySASMember2020-07-012021-06-300000835403deo:USLBenefitTrustMember2020-07-012021-06-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 20-F

(Mark One)

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES

EXCHANGE ACT OF 1934

OR

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the fiscal year ended: 30 June 2021

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

Date of event requiring this shell company report

For the transition period from __ to __

Commission file number 1-10691

DIAGEO plc

(Exact name of Registrant as specified in its charter)

(i)Not for trading, but only in connection with the registration of American Depositary Shares representing such ordinary shares, pursuant to the requirements of the Securities and Exchange Commission.

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the Annual Report: 2,558,828,824 ordinary shares of 28101/108 pence each.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ¨ No þ

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ¨ No þ

Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act :

Large Accelerated Filer

þ

Accelerated Filer

☐

Non-Accelerated Filer

☐

Emerging growth company

☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ¨

 

†			The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

 

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. Item 17 ¨ Item 18 ¨

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. þ

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

5						Cross reference to Form 20-F
7						Introduction
9						Recent trends
10						Historical information
14						Strategic report
14						Business description
14						Our brands
15						Connecting purpose to performance
17						Chairman’s statement
20						Our investment proposition
22						Chief Executive’s statement
26						Our market dynamics
31						Our business model
39						Stakeholder engagement
41						Our people
43						Our strategic priorities
59						Key performance indicators
64						Sustainability performance
72						Risk factors
83						Cautionary statement concerning forward-looking statements
84						Responding to climate-related risks
98						Business review
98						Operating results 2021 compared with 2020
136						Liquidity and capital resources
138						Contractual obligations and commitments
138						Off-balance sheet arrangements
138						Risk management
139						Critical accounting policies
139						New accounting standards
140						Definitions and reconciliation of non-GAAP measures to GAAP measures
154						Governance
154						Board of Directors and Company Secretary
157						Executive Committee
159						Corporate governance report
175						Audit Committee report
180						Nomination Committee report
183						Directors’ remuneration report
215						Directors’ report

219						Financial statements
219						Report of independent registered public accounting firm
222						Consolidated income statement
223						Consolidated statement of comprehensive income
224						Consolidated balance sheet
225						Consolidated statement of changes in equity
226						Consolidated statement of cash flows
227						Notes to the consolidated financial statements
227						Accounting information and policies
230						Results for the year
246						Operating assets and liabilities
267						Risk management and capital structure
285						Other financial information
294						Additional information for shareholders
294						Legal proceedings
294						Articles of association
298						Exchange controls
298						Documents on display
298						Taxation
301						Warning to shareholders - share fraud
302						Exhibits
304						Signature
305						Glossary of terms and US equivalents

Diageo is a global leader in the beverage alcohol industry with an outstanding collection of brands across spirits and beer. Its products are sold in more than 180 countries around the world and its brands include Johnnie Walker, Crown Royal, JεB, Buchanan’s and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness. Diageo’s Performance Ambition is to be one of the best performing, most trusted and respected consumer products companies in the world.

Diageo plc is incorporated as a public limited company in England and Wales. The company which is now Diageo plc was incorporated as Arthur Guinness Son and Company Limited on 21 October 1886. The Diageo group was formed by the merger of the Grand Metropolitan Public Limited Company and Guinness plc groups in December 1997. Diageo plc’s principal executive office is located at Lakeside Drive, Park Royal, London NW10 7HQ and its telephone number is +44 (0) 20 8978 6000. Diageo plc’s agent for service in the United States for the purposes of Diageo’s registration statement on Form F-3 (333-242234) is General Counsel, Diageo North America, Inc., 175 Greenwich Street, 3 World Trade Center, New York, NY 10007.

This is the Annual Report on Form 20-F of Diageo plc for the year ended 30 June 2021. The information set out in this Form 20-F does not constitute Diageo plc’s statutory accounts under the UK Companies Act for the years ended 30 June 2021, 30 June 2020 and/or 30 June 2019. The accounts for the years ended 30 June 2020 and 30 June 2019 have been delivered to the registrar of companies for England and Wales and those for the year ended 30 June 2021 will be delivered to the registrar of companies for England and Wales in due course.

This document contains forward-looking statements that involve risk and uncertainty because they relate to, and are dependent upon, events and circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including factors beyond Diageo’s control. For more details, please refer to the Cautionary statement concerning forward-looking statements on pages 83-84.

The content of the company’s website (www.diageo.com) should not be considered to form a part of or be incorporated into this report. This report includes names of Diageo’s products, which constitute trademarks or trade names which Diageo owns or which others own and license to Diageo for use. In this report, the term ‘company’ refers to Diageo plc and terms ‘group’ and ‘Diageo’ refer to the company and its consolidated subsidiaries, except as the context otherwise requires. A glossary of terms used in this report is included at the end of the report.

The consolidated financial statements are prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 and International Financial Reporting Standards adopted pursuant to Regulation (EC) No 1606/2002 as it applies in the European Union and IFRS as issued by the International Accounting Standards Board (IASB). IFRS as adopted by the EU differs in certain respects from IFRS as issued by the IASB. The differences have no impact on the group’s consolidated financial statements for the years presented. The consolidated financial statements are prepared on a going concern basis under the historical cost convention, unless stated otherwise in the relevant accounting policy.

The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates.

Information presented

Organic movements and organic operating margins are before exceptional items. Commentary, unless otherwise stated, refers to organic movements. Share, unless otherwise stated, refers to value share. For a definition of organic movement and reconciliations of non-GAAP measures to GAAP measures see page 140.

The brand ranking information presented in this report, when comparing information with competitors, reflects data published by sources such as Global Data, Nielsen, NABCA and IWSR. Market data information and competitive set classifications are taken from independent industry sources in the markets in which Diageo operates. In addition, Diageo’s financial year end is 30 June, and such data may relate to dates other than 30 June or periods other than the financial year ended 30 June, such as calendar year end.

Disclosures not included in Annual Report on Form 20-F

The following pages and sections of this document do not form part of the Annual Report on Form 20-F and are furnished to the SEC for information only:

•Disclosures under the heading ‘Recent trends’ on page 9.

•Disclosures under the heading ‘Our brands’ on page 14.

•Disclosures under the heading ‘Connecting purpose to performance’ on pages 15 to 16.

•Disclosures under the headings ‘Creating a positive impact’, ‘Diageo in society – Society 2030: Spirit of Progress’, ‘Stakeholders’, ‘Creating value’, and ‘Looking ahead’ in the Chairman’s statement on pages 17 to 19.

•Disclosures under the heading ‘Statement on Section 172 of the Companies Act 2006’ on page 19.

•Disclosures under the heading ‘Our investment proposition’ on pages 20 to 21.

•Disclosures under the headings ‘Emerging stronger’, ‘Building a sustainable, responsible and inclusive business’, ‘We are committed to building a more sustainable, responsible and inclusive business and society’ and ‘Looking ahead’ in the Chief Executive’s statement on pages 22 to 25.

•Disclosures under the headings ‘Promote positive drinking’, ‘Champion diversity and inclusion’, ‘Pioneer grain to glass sustainability’ and ‘Doing business the right way from grain to glass’ on page 25.

•Disclosures under the heading ‘Our business model’ on pages 31 to 33.

•Disclosures under the heading ‘Stakeholder engagement’ on pages 39 to 40.

•Disclosures under the headings ‘Delivering our Performance Ambition’, ‘Our strategic outcomes’, ‘Our culture and values’, ‘4. Promote positive drinking’, ‘5. Champion inclusion and diversity’, and ‘6. Pioneer grain to glass sustainability’ in the section ‘Our strategic priorities’ on pages 43 to 58.

•Disclosures under the heading ‘Monitoring performance and progress’ of non-financial key performance indicators on pages 59 to 63.

•Disclosures under the heading ‘Sustainability performance’ on pages 64 to 67.

•Disclosures under the heading ‘Doing business the right way, from grain to glass’ on pages 68 to 71.

•Disclosures under the headings ‘Society 2030: Spirit of Progress’ on pages 111, 115, 118, 122 and 127 in relation to each reporting segment in the Business review.

•Disclosures under the headings ‘Workforce engagement statement’, ‘Internal control and risk management’ and ‘Political donations’ on pages 169 to 173.

•Disclosures under the headings ‘Disclosure of information to the auditor’ and ‘Corporate governance statement’ on page 215.

The following comments were made by Ivan Menezes, Chief Executive of Diageo, in Diageo’s preliminary results announcement on 29 July 2021:

I am very pleased with the strong financial results we have delivered in fiscal 21, while continuing to invest in long-term sustainable growth. We delivered organic net sales growth across all regions, led by a strong performance in North America, and we held or gained off-trade market share in over 85%(i) of our business. These results demonstrate the strength and relevance of our brands and the extraordinary efforts of our talented people. I would like to thank all of my colleagues for their dedication and resilience, and to express my deepest condolences to all who have lost loved ones this year due to the pandemic.

I believe that our foundation, built through outstanding brand-building, active portfolio management, consumer-led innovation, smart investment in data analytics tools and embedding a culture of everyday efficiency, has been a key competitive advantage for Diageo. We were well-positioned to successfully manage the challenges created by Covid-19, we have responded quickly to changing consumer trends and we have emerged stronger.

A key priority has been supporting the hospitality sector through the pandemic, including our $100 million global fund to enable the safe re-opening and recovery of pubs and bars. We have also built on our successful ESG track record with the launch of ‘Society 2030: Spirit of Progress’, our new 10-year action plan to shape a more sustainable and inclusive business.

While our business has recovered strongly in fiscal 21, with net sales growth on a constant basis ahead of fiscal 19 in three of our five regions, we expect near-term volatility in some markets. However, I remain optimistic about the growth prospects for our industry, with spirits continuing to gain share of total beverage alcohol globally and premiumisation trends remaining strong. I believe Diageo is very well positioned to capture these exciting opportunities to drive long-term sustainable growth and shareholder value.

(i)    Source: Internal estimates incorporating AC Nielsen, Association of Canadian Distillers, Dichter & Neira, Frontline, Intage, IRI, ISCAM, NABCA, Scentia, State Monopolies, TRAC and other third-party providers. All analysis of data has been applied with a tolerance of +/- 3 bps. Percentages represent percent of markets by total Diageo net sales contribution that have held or gained off-trade share. India and Canada share data represents total trade. Measured markets indicates a market where we have purchased any market share data. Market share data may include beer, wine, spirits or other elements. Measured market net sales value sums to 87% of total Diageo net sales value in fiscal 21.

The following tables present selected consolidated financial data for Diageo for the five years ended 30 June 2021 and as at the respective year ends. The data presented below for the five years ended 30 June 2021 and the respective year ends has been derived from Diageo’s consolidated financial statements, audited by Diageo’s independent auditor, PricewaterhouseCoopers LLP for each of the five years ended 30 June 2021.

Notes to the historical information

1. Accounting policies The consolidated financial statements for each of the five years ended 30 June 2021 have been prepared in accordance with IFRS. The IFRS accounting policies applied by the group to prepare the financial information in this document are disclosed in the notes to the consolidated financial statements.

The group adopted IFRS 16 with effect from 1 July 2019 by applying the modified retrospective method. Comparative periods have not been restated. The adoption of IFRS 16 resulted in an increase to net borrowings of £251 million at 1 July 2019. The impact on the income statement is not material.

2. Exceptional items Exceptional items are those that in management’s judgement need to be disclosed separately. Such items are included within the income statement caption to which they relate, and are separately disclosed in the notes to the consolidated financial statements. An analysis of exceptional items is as follows:

(i)    For further details on exceptional items see pages 236-238.

3. Discontinued operations In the year ended 30 June 2017 discontinued operations of £55 million, net of £9 million deferred tax comprise additional amounts payable to the UK Thalidomide Trust following an agreement reached in December 2016, updates to the discount and inflation rates applied to the existing thalidomide provision and legal costs.

4. Dividends Diageo paid an interim dividend in April and a final dividend in October of each past year. Approximately 40% of the total dividend in respect of any past financial year was paid as an interim dividend and approximately 60% as a final dividend. The payment of any future dividends, subject to shareholder approval, will depend upon Diageo’s earnings, financial condition and such other factors as the Board deems relevant. Proposed dividends are not considered to be a liability until they are approved by the Board for the interim dividend and by the shareholders at the Annual General Meeting for the final dividend.

The table below sets out the amounts of interim, final and total cash dividends paid by the company on each ordinary share. The dividends are translated into US dollars per ADS (each ADS representing four ordinary shares) at the actual rate on each of the respective dividend payment dates.

Note: Subject to shareholders’ approval the final dividend for the year ended 30 June 2021 will be paid on 7 October 2021, and payment to US ADR holders will be made on 13 October 2021. In the table above, an exchange rate of £1 = $1.39 has been assumed for this dividend, but the exact amount of the payment to US ADR holders will be determined by the rate of exchange on 13 October 2021.

5. Net borrowings are defined as gross borrowings (short-term borrowings and long-term borrowings plus lease liabilities plus interest rate hedging instruments, cross currency interest rate swaps and funding foreign currency forwards and swaps used to manage borrowings) less cash and cash equivalents.

6. Share capital As at 30 June 2021 there were 2,559 million (2020 – 2,562 million, 2019 – 2,601 million, 2018 – 2,695 million, 2017 – 2,754 million) ordinary shares of 28101/108 pence each in issue with a nominal value of £741 million (2020 – £742 million, 2019 – £753 million, 2018 – £780 million, 2017 – £797 million).

During the year ended 30 June 2021 the group purchased 3.2 million ordinary shares (2020 – 39 million, 2019 – 94.7 million, 2018 – 58.9 million), representing approximately 0.1% of the issued ordinary share capital (2020 – 1.5%, 2019 – 3.5%, 2018 – 2.1%) at an average price of £34.07 per share, and an aggregate cost of £109 million (including £1 million of transaction costs) (2020 – £32.43 per share, and an aggregate cost of £1,282 million including £7 million of transaction costs, 2019 – £29.24 per share, and an aggregate cost of £2,775 million including £6 million of transaction costs, 2018 – £25.43 per share, and an aggregate cost of £1,507 million including £9 million of transaction costs) under the share buyback programme. The shares purchased under the share buyback programmes were cancelled.

A financial liability of £91 million was established at 30 June 2021 representing the 2.6 million shares that were expected to be purchased before 29 July 2021.

7. Exchange rates A substantial portion of the group’s assets, liabilities, revenues and expenses are denominated in currencies other than sterling. For a discussion of the impact of exchange rate fluctuations on the group’s financial position and results of operations, see note 15 to the consolidated financial statements.

Strategic report

Business description

Our brands

With over 200 brands sold in more than 180 countries, our portfolio offers something for every taste and celebration

Brand building expertise

People and brands are at the very heart of Diageo. To develop, launch and grow a brand requires creativity, determination and belief. Arthur Guinness had belief – signing a 9,000-year lease on the St. James’s Gate Brewery in Dublin. Alexander Walker, John's son, was determined that their whiskies would be carried by every ship’s captain, ‘from the four corners of Scotland to the four corners of the world’. Today, our people share these attributes, combining their entrepreneurial flair and award-winning creativity, with deep understanding of consumer insights and the latest data to nurture and build our brands.

Global or local, every one of our brands has a story. Many benefit from bearing witness to the changing world over centuries while others are products of our world today. All have a unique purpose and role to play in creating enduring connections with people. While we honour the past, we are passionate about nurturing categories old and new, and about building authentically crafted, culturally relevant brands.

Innovation drives us forward to create new products, tastes and experiences for people to enjoy as part of celebrations big or small. We are obsessed with building brands that will stand the test of time and are continuously learning from our consumers, our partners and today’s entrepreneurs to ensure we are developing the brands of tomorrow. This requires focus, precision and investment in what we call a perfect blend of ‘creativity with precision’. This is our shorthand for the way we effectively combine data, insights and innovation with the creative flair our consumers expect from the custodian of some of the most iconic brands in the world.

We own Johnnie Walker and Smirnoff, two of the world’s four largest international spirits brands by retail sales value1

1. IWSR, 2020

We are the global leader in super premium and above international spirits with retail sales value of over £4.5bn2

GUINNESS

Making connections, rooted in culture

How do you build a 'global icon with a local heartbeat'? For us, it's about continually building on the rich cultural heritage of this outstanding, distinctive brand, weaving it into the fabric of a local culture. That means understanding key moments in people's lives – and the meaningful role Guinness can play in those moments - and connecting with consumers in unforgettable ways.

This year, Guinness was the most talked about beer brand in the world on social media,1 driven by a series of innovative campaigns that built on a long legacy of creative excellence and cultural relevance.

Guinness stands for optimism – after all, ’good things come to those who wait’ – and during Covid-19, we all needed to be reminded that the best is yet to come. So in Great Britain, where lockdown restrictions meant people were missing the shared communion of a pint in the pub, our ’Welcome Back’ campaign responded by celebrating that first pint back – back with friends and family, and back in the community.

Hope characterised our campaign in the United States too, which focussed on football, America’s most popular sport. In partnership with legendary quarterback Joe Montana, the ’Comeback Kid’, we delivered a message of optimism and resilience – that success is measured not only by your wins, but also by how you come back from a hard loss, or a hard year.

In Nigeria we found new ways to join the conversation. We partnered with Prince Nelson Enwerem, the hugely popular Big Brother Nigeria contestant, in a campaign that paid homage to the culture of East Nigeria. The campaign had over two million views in the first three days of launch, underlining the power of Guinness’s cultural ties.

1. Sprinklr, July 2020 to June 2021

Connecting purpose to performance

Building a company that will prosper over the long term

We are a global company built on and sustained through innovation, creating new products, categories and experiences for consumers.

We are the stewards of iconic, purpose-led brands created by entrepreneurs like John and Alexander Walker, Elizabeth Cumming, Charles Tanqueray, Arthur Guinness and many more that have followed in their footsteps. Today, we stand on their shoulders and act with the same entrepreneurial spirit and determination.

They understood, as we do today, that our distilleries, breweries and the hospitality industry we serve are at the heart of local communities and that our business will only thrive if it helps these communities prosper too. We have an important role to play in ensuring we create shared value, deliver consistent performance and have a positive impact where we live, work, source and sell.

Celebrating life, every day, everywhere.

Our purpose is about being the best we can be at work, at home and in the community. We are passionate about the role our brands play in celebrating life the world over. At the core of our approach is a commitment to positive drinking through promoting moderation and addressing the harmful use of alcohol: doing so is good for consumers and good for business.

We believe that our responsibility and influence extend beyond our direct operations. Our ‘Society 2030: Spirit of Progress’ action plan sets ambitious goals that support our commitment to shaping a more sustainable and inclusive business and society. We are building and nurturing some of the world’s most well-loved brands, rooted in culture and local communities. We take great care in building sustainable supply chains; in protecting the environment and the natural resources we all rely on; and in our commitment to skills development, empowerment, inclusion and diversity.

OUR AMBITION

To be one of the best performing, most trusted and respected consumer products companies in the world.

To be best performing, we need to deliver efficient growth and value creation for our shareholders. This means delivering quality, sustainable growth in net sales, steady margin expansion and reliable cash flows year after year. To be most trusted and respected, we must do business the right way from grain to glass and ensure our people are highly engaged and continuously learning.

Shaping the way we work.

OUR VALUES AND CULTURE

Our culture is rooted in a deep sense of our purpose and values.

Our values underpin our business, sitting at the heart of our culture and guiding all our work:

–Passionate about consumers and customers

–Freedom to succeed

–Proud of what we do

–Valuing each other

–Be the best

A roadmap for achieving our ambition

OUR STRATEGIC PRIORITIES

Our six inter-related and mutually reinforcing strategic priorities to drive our company forward.

They help us to deliver the strategic outcomes against which we measure our performance.

Chairman’s statement

Creating a positive impact

The pandemic has continued to pose unprecedented challenges for our people and the communities where we operate. Our employees have shown tremendous resilience and dedication, making major contributions to alleviate the public health emergency while supporting the hospitality industry around the world. I would like to express my thanks on behalf of the Board for their care to one another, to our suppliers, to our customers and to society at large.

Throughout the pandemic, our first priority has been the health, safety and wellbeing of our employees. We believe the results of this year’s Your Voice survey, which continue to reflect high levels of employee engagement, also recognise the wellbeing programmes we have provided in response to Covid-19: 89% of respondents told us they are proud to work for Diageo and 81% would recommend Diageo as a great place to work.1

Again this year, Diageo has displayed its culture of agility, moving at pace to adapt ways of working, capturing emerging opportunities with our consumers and trade partners, delivering further efficiencies and continuing to invest in the foundations of our long-term success.

 

Recommended final dividend per share

2021: 44.59p    ↑5%

2020: 42.47p

Total dividend per share2

2021: 72.55p ↑4%

2020: 69.88p

Total shareholder return

2021: 32%

2020: (19)%

1.85% of our global employees completed the survey

2.Includes recommended final dividend of 44.59p.

Diageo in society – ’Society 2030: Spirit of Progress’

The terrible toll of the pandemic has rightly brought even greater scrutiny to corporations’ social and environmental impacts and to their governance and reporting of non-financial performance. In November 2020, we were proud to launch our new 10-year sustainability action plan, ‘Society 2030: Spirit of Progress’. The plan builds on Diageo’s long and ambitious track record on environmental, social and governance (ESG) issues, with 25 new goals focussed in three core areas: promoting positive drinking; championing inclusion and diversity; and pioneering grain-to-glass sustainability.

Diageo is a business that has long been committed to ESG progress, delivering strong performance across our social and environmental targets to 2020. We have delivered a 50% absolute reduction in our direct carbon emissions since 2008. This places us among the leading companies in our peer set, with consistent inclusion in CDP’s A list for both climate change and water security over the last five years. We are pleased with the progress we are making on packaging and regenerative agriculture, building partnerships with cutting-edge innovators. This year, we launched Pulpex Limited with Pilot Lite, developing the world’s first ever 100% paper-based spirits bottle, which we anticipate will debut with Johnnie Walker in fiscal 23. We believe this innovation will transform the use of sustainable packaging at scale in the years to come.

Our 2030 goals represent a ‘whole of business’ agenda and accountability for them sits across the Board and the Executive Committee. For the first time, 20% of the shares granted to our senior management under the Long-Term Incentive Plan (LTIP) will be linked to ESG measures across all three of the plan’s focus areas, creating direct accountability for our 2030 goals. We are among the first group of companies directly to incentivise delivery on societal impact in this way. Read more on pages 183-213.

Climate change is a significant issue and the transition to a low-carbon economy will create both risks and opportunities for all businesses. We have taken steps over many years to understand and address climate change impacts through our work to both decarbonise our business and value chain, and champion water stewardship. We continue to build our understanding of the impacts of climate change and have been reporting quantitative progress against our targets since 2009. We also continue to extend our assessment of climate change impacts, and our existing disclosures, on our journey to adopting all the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Read more about our work on pages 84-97.

Stakeholders

Our ambition is to be one of the best performing, most trusted and respected consumer products companies in the world and we know we can only achieve this through engagement and partnership with our stakeholders. We have responded to the hardship created by Covid-19 with support measures ranging from wellbeing initiatives, additional flexibility in working hours and healthcare support for our people, to our $100 million ‘Raising the Bar’ programme to help pubs and bars recover from the pandemic. Read more about our approach to stakeholder engagement on pages 39-40.

As designated Non-Executive Director for workforce engagement, I have had the pleasure of ‘virtually’ meeting a wide range of employees around the world this year. In these open, participative and engaging sessions we discussed our approach to developing talent, our culture, business strategy, innovation and, of course, our response to the pandemic. Our people continue to provide a rich source of ideas and perspectives which are invaluable to the Board. Read our workforce engagement statement on pages 169-170.

Global environment

Although the economic disruption from Covid-19 has started to ease in some parts of the world, many countries continue to experience uncertainty and volatility. We have adapted quickly to shifts in consumer behaviour and have increased investment behind effective marketing and innovation to ensure Diageo emerges stronger from this terrible pandemic.

International trade is at the heart of our business. We were well prepared for the United Kingdom’s departure from the European Union and we see some potential longer-term opportunities for the United Kingdom to strike beneficial new trade deals for spirits. We were also pleased to see the United Kingdom, European Union and United States resolve their aerospace dispute involving Boeing and Airbus, with US tariffs on single malt scotch and liqueurs removed. We look forward to the United Kingdom utilising its newly independent trade policy to support spirits exports to key markets, with tariffs to be removed by Australia with the ratification of its new free trade agreement with the United Kingdom and the opening of trade talks with India this year.

Creating value

I am encouraged by the performance Diageo has delivered in fiscal 21. The business has good momentum, built on solid foundations for future progress across the four areas of performance we measure: efficient growth, consistent value creation, credibility and trust, and engaged people. Return on invested capital was up 112 basis points to 13.5%. Total shareholder return (TSR) was 32% this year and our 10-year annualised TSR is in the top quartile of our peer group.

We continue to target dividend cover (the ratio of basic earnings per share before exceptional items to dividend per share) of between 1.8 and 2.2 times. The recommended final dividend is 44.59 pence per share, an increase of 5%. This brings the recommended full-year dividend to 72.55 pence per share and dividend cover to 1.6 times. Subject to shareholder approval, the final dividend will be paid to UK shareholders on 7 October 2021. Payment will be made to US ADR holders on 13 October 2021. On 9 April 2020, due to uncertainties related to Covid-19, we announced that we would not initiate, in fiscal 20, the second phase of our return of capital programme, approved by the Board on 25 July 2019. On 12 May 2021, the Board approved the recommencement of this programme, extending the completion date to 30 June 2024. The second phase of the programme, which will return up to £1.0 billion, is expected to be completed by 30 June 2022, and the group has purchased 3.2 million ordinary shares returning £108 million to shareholders this year.

Board changes

After eight years on the Board, Ho KwonPing stepped down on 28 September 2020. On behalf of all my Board colleagues, I would like to thank him for the valuable contribution he made during his tenure on the Board.

From 1 October 2020, Sir John Manzoni, formerly Chief Executive of the Civil Service and Permanent Secretary to the Cabinet Office in the United Kingdom, was appointed Non-Executive Director. Ireena Vittal, who brings experience in strategy, consumer insights and digital, with a particular focus on the Indian market, joined the Board as a Non-Executive Director on 2 October 2020. Valérie Chapoulaud-Floquet, the former CEO of Rémy Cointreau S.A., joined the Board on 1 January 2021. Sir John, Ireena and Valérie all joined the Audit, Nomination and Remuneration Committees on appointment.

In January 2021, we announced that Kathy Mikells, Chief Financial Officer, would be leaving Diageo and the Board at the end of June. My sincerest thanks go to Kathy for her dedicated contribution to Diageo over the past six years and her exceptional partnership with the Board. I was delighted to welcome Kathy’s successor, Lavanya Chandrashekar, to the Board from 1 July 2021. Her strong track record at Diageo and, previously, with leading consumer products companies, will ensure she makes a valuable contribution to both the Board and the Executive Committee.

Siobhán Moriarty, General Counsel and Company Secretary, will be retiring from Diageo on 30 September 2021 after a career at the company spanning over 20 years. I am very thankful to Siobhán for both her outstanding contribution to the company and her support and wise counsel to the Board. Tom Shropshire, formerly a Partner & Global US Practice Head at Linklaters LLP, will succeed Siobhán as General Counsel and Company Secretary, and the Board looks forward to working with him.

Looking ahead

Diageo’s broad portfolio and geographic footprint, our expertise in brand building and execution, as well as our leading market positions, provide a solid foundation for sustainable growth. Throughout the year, the business has acted with agility, seizing opportunities to invest prudently where we saw recovery and continuing to allocate capital for the long term. Whilst uncertainty remains and travel retail is still severely impacted, the long-term trends for our industry continue to be extremely attractive. Your Board and executive leadership team will ensure that Diageo continues to focus on long-term value creation for all our stakeholders.

Javier Ferrán

Chairman

Statement on Section 172 of the Companies Act 2006
Section 172 of the Companies Act 2006 requires the Directors to promote the success of the company for the benefit of the members as a whole, having regard to the interests of stakeholders in their decision-making. In making decisions, the Directors consider what is most likely to promote the success of the company for its shareholders in the long term, as well as the interests of the group’s stakeholders. The Directors understand the importance of taking into account the views of stakeholders and the impact of the company’s activities on local communities, the environment, including climate change, and the group’s reputation.
Read about: –Our stakeholder groups on pages 39-40 –How stakeholders were taken into account in decision-making on pages 165-167

Our investment proposition

Positioned to win

Diageo is a global leader in the premium and above spirits segment – which is growing globally and gaining share.1

And with Guinness at the heart of our portfolio, the majority of our beer business is positioned in the premium, flavourful beer segments, which are growing fastest.2

In an attractive industry

Total beverage alcohol (TBA) has a strong record of value growth over the last 10 years, with international spirits growing faster than TBA.3 Premiumisation has been a consistent trend with the highest price tiers growing at more than double the spirits category growth rate between 2015 and 2020.4 And our Reserve portfolio of exceptional brands, which is focussed on capturing the global luxury opportunity, grew 36% this year.

Spirits’ versatility provides the flexibility to respond to evolving consumer tastes and occasions. With low spirits penetration in many emerging markets and only 4% of global TBA share,5 we have opportunities to grow in all regions. In beer, our geographic footprint and brand portfolio best position us for opportunities in premium and above segments, distinctive flavours and developing markets.

Read more on pages 26-30.

With a leading footprint and brand portfolio

Diageo owns over 200 brands sold in more than 180 countries. Combined with the breadth and depth of our portfolio across attractive categories and price points, we have both exposure to some of the greatest consumer growth opportunities and some resilience to global trading volatility.

We take an active and disciplined approach to managing our portfolio of brands. Through the acquisition of premium-plus brands in fast-growing categories, such as tequila brands Don Julio in 2015 and Casamigos in 2017, as well as strategic disposals, including the sale of our main US wine businesses in 2016 and 19 US brands in 2018, we have strengthened our portfolio and geographic footprint.

We are experts in the art of brand building and in innovation, combining creativity with data and tools that deepen our understanding of consumers and customers. Strong organic growth of brands such as Crown Royal, Gordon’s and Baileys has been driven by creative, effective marketing and insights-driven innovation. It has also contributed to the strengthening of our portfolio in fast-growing categories, including US whiskey, Canadian whisky, baijiu, tequila and gin.

54% of our reported net sales are now generated from premium-plus products. Geographically, we continue to benefit from our market-leading position in North America and our exposure to India and China. China now accounts for just over 5% of our reported net sales.

Read more on pages 48 and 98-134.

An effective route to consumer

We need to have the right product in the right place at the right time in order to win with consumers. We have invested in transformational digital and data capabilities that deliver consistent ways of working and enable teams to bring a customer-first mindset to every interaction. Our tools, such as Trax, EDGE365 and Diageo One, give us deeper insights that improve the quality of our customer service and enhance our productivity. We are also building our e-commerce and direct-to-consumer capabilities, which further expand our sales reach to consumers.

In combination with the strength of our on-trade customer relationships, which are enhanced through programmes such as Diageo Reserve World ClassTM and Diageo Bar Academy, we have an effective route to our consumers that we continue to work to improve.

Read more on pages 30 and 47.

Financial strength and a culture of efficiency

A culture of efficiency and effectiveness is embedded across Diageo. We continue to deliver progress on productivity, creating savings that fuel investments across our business. We continuously challenge ourselves to simplify and automate more of our processes and systems, enabling faster and better decision-making.

We have a consistent and disciplined approach to capital allocation, prioritising investment in the business to deliver sustainable and efficient organic growth and pursuing acquisitions that further strengthen our exposure to attractive categories. Excess cash is returned to shareholders.

We have a track record of growing shareholder value and have increased our full-year dividend per share every year since 2001, including during Covid-19. This means that over the last 20 years our absolute dividend per share has increased 225%. Over the last four years we have returned £5.6 billion to shareholders through share buybacks.

Read more on pages 46-47.

Highly engaged people

Our people make the difference. This year, 89% of respondents to our Your Voice survey told us they are proud to work for Diageo and 81% would recommend Diageo as a great place to work.6

Read more on pages 41-42.

And a commitment to shaping a more sustainable future

It is fundamental to our Performance Ambition that we do business in the right way, which is why our ‘Society 2030: Spirit of Progress’ action plan is an integrated part of our strategic priorities. We strongly believe there are commercial benefits to our actions across a full range of ESG issues. These are not just about meeting regulatory requirements and stakeholder expectations, but are fundamental to attracting and retaining the best talent, building deep consumer loyalty, creating new partnerships, and increasing innovation, efficiency and resilience across our operations.

Read more on pages 43, 50-58 and 64-71.

1. IWSR, 2020 - retail sales value (RSV) CAGR 2010-2020

2. Global Data, 2019

3. IWSR, 2020

4. IWSR, 2020

5. IWSR, 2020

6. 85% of our global employees completed the survey

Chief Executive’s statement

Emerging stronger

I am very proud of how Diageo’s 27,650 employees have supported each other, our customers and the communities in which we live and work throughout this terrible pandemic. Our company is emerging stronger and I would like to thank all my colleagues for their dedication and resilience. I would also like to express my deepest condolences to the families of employees who lost their lives and to all who have lost loved ones this year due to the pandemic.

As we have faced the immediate challenges of the pandemic, we have also continued to focus on investing for the long term and on building a sustainable business with our ambitious 10-year ESG action plan, 'Society 2030: Spirit of Progress'. Diageo’s success rests on the commitment of my colleagues, the strength of our brands, and our determination to be a responsible, sustainable and inclusive business. The past year has demonstrated powerfully the importance and the strength of these foundations.

Performance

We have seen continued volatility in fiscal 21, with disruption caused by the closure of bars and restaurants in many countries; the severe impact on travel retail; the need to adapt quickly to an increase in demand through retail outlets and disruption in our supply chains; and significant changes to ways of working for our employees across our supply operations and for those working from home. Notwithstanding this dynamic and challenging operating environment, we have delivered a strong set of results.

For the full year, reported net sales increased 8.3% with strong organic growth partially offset by an adverse foreign exchange impact. Organic net sales were up 16%, following a decline in fiscal 20, with growth across all regions. Growth was driven by consumer demand in the off-trade channel (customer retail outlets) and a partial recovery of the on-trade channel (pubs, bars and restaurants) in key markets. Organic net sales growth also benefitted from lapping a reduction of inventory levels by our customers in fiscal 20, and the replenishment of stock levels by distributors and retailers in North America in fiscal 21. This was partially offset by continued destocking in Travel Retail. Overall, however, we held or grew off-trade market share in over 85% of total net sales in measured markets, up from 65% last year.1

Reported operating profit increased 74.6%. This was due to a significant reduction in exceptional items and 17.7% growth in organic operating profit, partially offset by an adverse foreign exchange impact. Following a decline in fiscal 20, organic operating profit grew in all regions except Europe and Turkey. Organic operating margin increased 46 basis points (bps). This was driven by overhead efficiencies and the lapping of one-off expenses related to disruption in the operating environment, partially offset by a decline in gross margin and increased marketing spend. Gross margin declined 40bps driven by adverse mix, especially in our Guinness beer business, which was impacted by channel and market mix.

Reported and organic net sales were up across all categories, with the exception of beer, where reported net sales were down 4%. Due to Covid-19, the on-trade channel was significantly restricted in many markets, particularly impacting beer in Europe.

Organic net sales of our global giant brands were up 9%, with all brands in growth other than Guinness. Guinness growth was flat due to restrictions in the on-trade channel, particularly in Great Britain and Ireland. Our local stars grew 17%, largely driven by growth in Chinese white spirits, Crown Royal, Buchanan’s and McDowell’s No.1. Our Reserve brands grew 36%, largely driven by Don Julio and Casamigos, which grew 62% and 125% respectively. Ketel One net sales were flat.

Basic earnings per share before exceptional items increased 7.4%, primarily driven by an increase in organic operating profit, partially offset by unfavourable exchange and, to a lesser extent, increased tax.

We delivered £3 billion in free cash flow this year, an increase of £1.4 billion. This was driven by growth in operating profit, working capital management and receipt of a delayed 2019 dividend from associates.

During the year, we have continued to invest for the future, extending our brand portfolio and adapting to changing consumer tastes and occasions. We increased investment in marketing by 23%, ahead of our organic net sales growth, and also continued to invest in manufacturing capacity, digital capabilities, consumer experiences and sustainability.

We acquired two new premium and above portfolios: Aviation American Gin through the Davos Brands acquisition in the United States and Chase Distillery and brands in the United Kingdom. To support our ambitions in the rapidly growing ready to drink category, we made two further acquisitions in the United States, Lone River Ranch Water and Loyal 9 Cocktails, and announced an $80 million investment in our manufacturing footprint.

1. Internal estimates incorporating AC Nielsen, Association of Canadian Distillers, Dichter & Neira, Frontline, Intage, IRI, ISCAM, NABCA, Scentia, State Monopolies, TRAC and other third-party providers

Net sales by category

I am also delighted to see our £185 million investment in Scotch whisky tourism in Scotland now coming on stream, with the re-opening of Glenkinchie, Clynelish, Cardhu and Brora distilleries and visitor centres this year, and the imminent opening of our flagship Johnnie Walker experience in Edinburgh.

We have innovated and created new offerings for consumers looking for convenience and celebration at home and we have increased both the visibility and ‘ease-of-shop’ of our brands for online purchase, as online sales of alcohol have rapidly accelerated this year. Consumers have also sought the reassurance of well-known and trusted brands during Covid-19. We have prioritised innovation for our global giants this year, launching, for example, Captain Morgan Tiki in Europe to access the growing early evening occasion with a lower alcohol by volume (ABV) variant; Guinness Nitro Cold Brew Coffee in North America; and Gordon’s 0.0% in Great Britain.

Building a sustainable, responsible and inclusive business

In 2015, we set ambitious environmental and social targets for 2020 and we are proud of the progress we made.2 We recognise, however, that there is much more to do. Our new 10-year ESG action plan, ‘Society 2030: Spirit of Progress’, challenges us to go further. Its 25 goals are built around the most material issues affecting our business and are informed by the lessons we have learned through the delivery of our previous targets.

It is fundamental to our Performance Ambition that we do business in the right way, which is why ‘Society 2030: Spirit of Progress’ sits at the heart of our strategy. We take the same rigorous, data-driven approach to the delivery of our ESG goals as we take to the rest of our business. We understand the importance of measurement and transparency and are moving towards a fully integrated approach to reporting, with all our goals directly linked to our strategic priorities.

As one of the world’s leading distillers and brewers, the two most fundamental material inputs to our business, aside from raw materials, are heat and water. We have a longstanding commitment to preserving the natural resources on which we all depend and to working together to tackle climate change and water stress. In November 2020, Diageo was recognised for the third consecutive year in the Dow Jones World Sustainability Index 2020. We were an early adopter of absolute, rather than relative reductions in our carbon emissions, setting both our 2020 and 2030 targets in line with the principles of the Science Based Targets initiative. And we have committed to achieving net zero carbon in our direct operations (Scopes 1 and 2) by 2030 and to being net zero across our full value chain by 2050 or sooner. Read more on pages 56-58.

2. Read more about our 2015-2020 targets and progress on diageo.com

Our response to Covid-19

Fiscal 21 has been an extraordinary year for our business and our customers, suppliers and partners, as the entire world has navigated through a very dynamic and volatile period. Covid-19 restrictions around the world meant the continued closure of pubs, bars and restaurants, leading to sharp increases in consumer purchases from retail outlets in some markets, such as Great Britain and the United States, and decreases in markets where consumers purchase more of our brands in pubs, bars and restaurants, such as Ireland. Restrictions also led to shifts in consumer behaviour and purchasing patterns, with a large increase in the ‘at home’ occasion and online shopping for our brands.

Throughout the pandemic, the health and wellbeing of our employees has been our priority and we have implemented a range of new policies, resources and support. These include additional flexibility to enable employees to manage family responsibilities, an enhanced Employee Assistance Programme, as well as a range of resources to support wellbeing and our new ways of working.

In addition to our immediate steps to donate masks, hygiene products and alcohol to make more than 10 million bottles of hand sanitiser, last June, we launched ‘Raising the Bar’, our $100 million commitment to support the recovery of the hospitality sector around the world. The fund has already benefitted over 39,000 venues that have received hygiene and sanitation kits, furniture for outdoor spaces and solutions for table reservations and contactless ordering. We have also trained over 37,000 bar staff on Covid-19-related protocols to ensure safe operations. Beyond our direct support to pubs, bars and restaurants, the funding has created an economic multiplier effect as over 60% of the procurement funded by ‘Raising the Bar’ has been local. In some countries, such as India, Brazil and China, nearly 100% of procurement spend was local. And we recently pledged £4.5 million to provide infrastructure and equipment in support of India’s Covid-19 response.

Diageo Bar Academy (DBA) is also helping bar owners and staff with training and content that addresses the challenges of adopting new operating models for their businesses, such as guidance on safe re-openings, wellbeing resources, online menus and ‘Cocktails to Go’. A record more than 1.5 million people used DBA this year, an increase of 50%.

We have also worked closely with our suppliers and partners this year, who have managed their businesses through similar supply chain challenges. Sourcing raw materials, such as glass and packaging, for example, led to industry shortages in the United States earlier this year. In working with our suppliers and partners to reduce disruption to their businesses and ours, we have provided support such as sharing our enhanced global supply site operating procedures to help protect the health and wellbeing of our suppliers’ employees. We have also launched our Diageo Supplier Service Hub, which provides a one-stop shop to simplify our ways of working with suppliers.

In the United States, ‘Raising the Bar’ is supporting 25 Historically Black Colleges and Universities with $10 million lifetime endowments for scholarships and grant programmes.

Promoting moderation and addressing the harmful use of alcohol is at the heart of our approach to responsible business and is a critical part of our premiumisation strategy. Although the prevalence of harmful drinking, including heavy-episodic or binge drinking and underage drinking, has been falling in many regions over the last decade, we know there is much more to do. We also know there is no drink of moderation, only a practice of moderation. So we have set goals to reach one billion people with responsible drinking messages from our brands by 2030 and to educate people on the risks of the harmful use of alcohol through the further rollout of our DRINKiQ platform.

We have also set a goal to expand SMASHED, our award-winning alcohol education programme, and educate 10 million people on the dangers of underage drinking by 2030. This year, the development of SMASHED Online and its launch in Great Britain, Northern Ireland, India, Australia and Mexico means we are now able to reach more students virtually. Read more on pages 50-52.

We are proud of the culture of inclusion and diversity we have built at Diageo and were ranked the number one FTSE company for female Board and leadership representation in the 2020 Hampton-Alexander Review. This year, we have increased female Board representation to 60% and the percentage of female leaders globally is now 42%. Our inclusive culture fuels our ability to attract and retain terrific talent around the world, with recent senior hires citing our approach to flexible working and inclusion and diversity as key drivers in their decision to join us.

We have now set new goals to ensure 50% of all leadership roles are held by women, as well as increasing the percentage of ethnically diverse leaders globally to 45% by 2030. Today, 30% of our Board and 37% of our leaders globally, including the Executive Committee, are ethnically diverse. Read more on pages 53-55.

We are committed to building a more sustainable, responsible and inclusive business and society.

To lead our business through the next decade, we have set 25 ambitious goals which are aligned to the United Nations’ Sustainable Development Goals. The issues facing society are complex and connected and we are focussed on the impact we can have throughout our value chain across communities, suppliers, our partners, customers and consumers. From our people to our brands and the way we promote our category, we will leverage the full breadth and reach of our business to shape market-leading policies and practices.

Read more on pages 50-58 and 64-71.

In Ireland, Guinness launched a ‘Keep the Lights On’ campaign, which invited consumers to embrace their local pubs and pay a visit when they re-opened.

We are building and nurturing some of the world’s most iconic brands, rooted in culture and local communities, which is why we are focussed on creating an inclusive, sustainable business in its widest sense. We believe that our responsibility and influence extend beyond our direct operations. We also want to help to build a thriving hospitality sector. Before the pandemic, the sector contributed

nearly US$9 trillion to the world’s GDP and accounted for one in ten jobs.3 If there is one positive to come from this pandemic, it is perhaps the broader appreciation of the vital role a thriving hospitality sector plays in communities as a job creator, particularly for younger adults, and as an engine for economic recovery and growth. We will continue to play our part in helping the sector to rebuild after the pandemic.

3. World Travel and Tourism Council, 2021

Looking ahead

I am very proud of the financial results we have delivered in fiscal 21. These results demonstrate the strength and relevance of our brands, our agile response to shifts in consumer behaviour and the extraordinary efforts of our talented people.

Our foundation, built on our brand-building expertise, active portfolio management, consumer-led innovation, investment in data and tools, as well as embedding a culture of everyday efficiency, helped position us to manage through the volatility and disruption caused by Covid-19 and emerge stronger.

While our business has performed strongly this year, we expect near-term volatility in some markets. Notwithstanding this volatility, I remain optimistic about the growth prospects for our industry and believe Diageo is well-positioned to capture the opportunities to drive long-term sustainable growth and shareholder value.