SEGMENT INFORMATION

In the first quarter of 2017, we unified the management and the operation of our Cortez and Goldstrike minesites, now referred to as Barrick Nevada. Barrick’s business is organized into eleven individual minesites, one grouping of two mine sites, one publicly traded company and one project. Barrick’s Chief Operating Decision Maker (“CODM”), the President, reviews the operating results, assesses performance and makes capital allocation decisions at the minesite, grouping, Company and/or project level. Therefore, each individual minesite, with the exception of Barrick Nevada, Acacia and the Pascua-Lama project, is an operating segment for financial reporting purposes. Our updated presentation of our reportable operating segments is now four individual gold mines (Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge), Barrick Nevada, Acacia and our Pascua-Lama project. The remaining operating segments, our remaining gold and copper mines, have been grouped into an “other” category and will not be reported on individually. The prior periods have been restated to reflect the change in presentation. Segment performance is evaluated based on a number of measures including operating income before tax, production levels and unit production costs. Certain costs are managed on a consolidated basis and are therefore not reflected in segment income.

Consolidated Statements of Income Information



			Cost of Sales
For the year ended December 31, 2017	Revenue		Direct mining, royalties and community relations		Depreciation		Exploration, evaluation and project expenses		Other expenses (income)¹			Segment income (loss)
Barrick Nevada		$2,961		$1,076		$793		$24		$16			$1,052
Pueblo Viejo²	1,417		501		229		—		16			671
Lagunas Norte	514		177		68		4		6			259
Veladero	591		291		119		3		5			173
Turquoise Ridge	280		131		28		—		2			119
Acacia²	751		362		107		—		91			191
Pascua-Lama	—		—		8		125		(10		)	(123		)
Other Mines³	1,860		1,086		267		12		31			464
		$8,374		$3,624		$1,619		$168		$157			$2,806

Consolidated Statements of Income Information



			Cost of Sales
For the year ended December 31, 2016	Revenue		Direct mining, royalties and community relations		Depreciation		Exploration, evaluation and project expenses		Other expenses (income)¹		Segment income (loss)
Barrick Nevada		$2,703		$1,089		$807		$19		$17		$771
Pueblo Viejo²	1,548		497		147		—		3		901
Lagunas Norte	548		180		96		3		9		260
Veladero	685		346		118		1		—		220
Turquoise Ridge	322		128		27		—		1		166
Acacia²	1,045		553		166		27		—		299
Pascua-Lama	—		—		7		59		1		(67		)
Other Mines³	1,707		958		188		6		52		503
		$8,558		$3,751		$1,556		$115		$83		$3,053


¹	Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2017, accretion expense was $55 million (2016: $41 million). Refer to note 9a for details of other expenses (income).


²	Includes non-controlling interest portion of revenues, cost of sales and segment income for the year ended December 31, 2017, for Pueblo Viejo, $567 million, $285 million, $276 million (2016: $623 million, $249 million, $373 million) and Acacia, $271 million, $169 million, $69 million (2016: $377 million, $259 million, $108 million).


³	Includes cost of sales of Pierina for the year ended December 31, 2017 of $174 million (2016: $82 million).

Reconciliation of Segment Income to Income from Continuing Operations Before Income Taxes



For the years ended December 31	2017			2016
Segment income		$2,806			$3,053
Other cost of sales/amortization¹	(57		)	(98		)
Exploration, evaluation and project expenses not attributable to segments	(186		)	(122		)
General and administrative expenses	(248		)	(256		)
Other (expense) income not attributable to segments	901			(18		)
Impairment reversals	212			250
Loss on currency translation	(72		)	(199		)
Closed mine rehabilitation	(55		)	(130		)
Income from equity investees	76			20
Finance costs, net (includes non-segment accretion)²	(636		)	(734		)
Gain on non-hedge derivatives³	6			12
Income before income taxes		$2,747			$1,778


¹	Includes all realized hedge losses of $27 million (2016: $73 million).


²	Includes debt extinguishment losses of $127 million (2016: $129 million).


³	Includes unrealized non-hedge gains of $1 million (2016: $32 million).

Geographic Information



	Non-current assets				Revenue¹
	As at December 31, 2017		As at December 31, 2016		2017		2016
United States		$6,641		$6,768		$3,299		$3,081
Dominican Republic	3,480		3,540		1,417		1,548
Argentina	2,217		2,366		591		685
Chile	2,469		1,945		—		—
Tanzania	1,129		1,673		751		1,045
Peru	734		678		676		663
Australia	463		478		456		472
Zambia	787		473		612		466
Papua New Guinea	351		353		322		304
Saudi Arabia	371		346		—		—
Canada	625		503		250		294
Unallocated	1,357		1,267		—		—
Total		$20,624		$20,390		$8,374		$8,558


¹	Presented based on the location from which the product originated.

Capital Expenditures Information



	Segment Capital Expenditures¹
	As at December 31, 2017		As at December 31, 2016
Barrick Nevada		$585		$358
Pueblo Viejo	114		101
Lagunas Norte	25		56
Veladero	173		95
Turquoise Ridge	36		32
Acacia	148		191
Pascua-Lama	6		20
Other Mines	259		230
Segment total		$1,346		$1,083
Other items not allocated to segments	36		36
Total		$1,382		$1,119


¹	Segment capital expenditures are presented for internal management reporting purposes on an accrual basis. Capital expenditures in the consolidated statements of cash flow are presented on a cash basis. In 2017, cash expenditures were $1,396 million (2016: $1,126 million) and the decrease in accrued expenditures was $14 million (2016: $7 million decrease).