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FINANCE COSTS, NET
 12 Months Ended
Dec. 31, 2018
Finance Costs [Abstract]  
FINANCE COSTS, NET
FINANCE COSTS, NET 
For the years ended December 31
2018

2017

Interest1

$452


$511

Amortization of debt issue costs
5

5

Amortization of discount (premium)
(1
)
1

Gain on interest rate hedges
(3
)
(6
)
Interest capitalized2
(9
)
—

Accretion
87

67

Loss on debt extinguishment3
29

127

Finance income
(15
)
(14
)
Total

$545


$691

1 
Interest in the consolidated statements of cash flow is presented on a cash basis. In 2018, cash interest paid was $350 million (2017: $425 million).
2 
For the year ended December 31, 2018, the general capitalization rate was 6.10% (2017: 6.00%).
3 
2018 loss arose from a make-whole repurchase of the outstanding principal on the 4.40% notes due 2021. 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).