Australia are World Test Champions after completing a 209-run win over India in the WTC Final at The Oval.
The winners received US$1.6 million in prize money, while runners-up India received US$800,000.
ICC said the superb first-innings centuries from Travis Head and Steve Smith gave Australia control of the Test early on, but India responded well to force the match to a fifth day, falling short of what would have been an all-time record chase to win a Test as they were bowled out for 234.
Australia, who batted first in this match at the Oval in London, scored 469 runs in the first innings, while India could only score 296 runs.
Australia, who started the second innings with a lead of 173 runs, lost 8 wickets and stopped the innings for 270 runs, giving India a target of 444 runs.
Travis Head, who scored 163 runs in Australia’s first innings, was named the man of the match.
Australia were the dominant team during the WTC cycle, finishing top of the standings to qualify for the showpiece final against India thanks to 11 wins from 19 matches.
