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FINANCE COSTS, NET (Tables)
 12 Months Ended
Dec. 31, 2017
Finance Costs [Abstract]  
Financing costs, net
For the years ended December 31
2017

2016

Interest1

$511


$591

Amortization of debt issue costs
5

17

Amortization of discount
1

2

Gain on interest rate hedges
(6
)
(1
)
Accretion
67

50

Loss on debt extinguishment2
127

129

Finance income
(14
)
(13
)
Total

$691


$775

1 
Interest in the consolidated statements of cash flow is presented on a cash basis. In 2017, cash interest paid was $425 million (2016: $513 million).
2 
2017 loss arose from partial repayment of several notes during the year (4.10% notes due 2023, 6.95% notes due 2019, and Pueblo Viejo Project Financing). 2016 loss arose from partial repayment of several notes during the year (2.50% notes due 2018, 4.40% notes due 2021, 4.95% notes due 2020, 6.80% notes due 2018 and 6.95% notes due 2019).