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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2018
Operating Segments [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Barrick’s business is organized into eleven individual minesites, one grouping of two minesites, one publicly traded company and one project. Barrick’s CODM reviews the operating results, assesses performance and makes capital allocation decisions at the minesite, grouping, Company and/or project level. During the third quarter of 2018, Barrick’s president, who was our CODM, resigned from the Company. Three members of our executive management team, our Executive Vice President and Chief Financial Officer, Chief Investment Officer and Senior Vice President, Operational and Technical Excellence, together assumed the role of CODM through December 31, 2018. Following completion of the merger with Randgold on January 1, 2019, Mark Bristow, as President and Chief Executive Officer, has assumed this role. Each individual minesite, with the exception of Barrick Nevada, Acacia and the Pascua-Lama project, are operating segments for financial reporting purposes. Our presentation of our reportable operating segments is 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. 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, 2018 | Revenue |  | Direct mining, royalties and community relations |  | Depreciation |  | Exploration, evaluation and project expenses |  | Other expenses (income)1 |  | Segment income (loss) |
Barrick Nevada |  | $2,655 |  |  | $1,066 |  |  | $649 |  |  | $36 |  |  | $14 |  |  | $890 |
Turquoise Ridge | 331 |  | 178 |  | 28 |  | — |  | (1 | ) | 126 |
Pueblo Viejo 2 | 1,333 |  | 547 |  | 185 |  | 21 |  | 1 |  | 579 |
Veladero | 366 |  | 189 |  | 121 |  | 2 |  | 1 |  | 53 |
Lagunas Norte | 332 |  | 291 |  | 46 |  | 2 |  | 6 |  | (13 | )
Acacia 2 | 664 |  | 367 |  | 89 |  | — |  | 37 |  | 171 |
Pascua-Lama | — |  | — |  | 11 |  | 77 |  | 7 |  | (95 | )
Other Mines 3 | 1,562 |  | 1,117 |  | 305 |  | 12 |  | 30 |  | 98 |
|  | $7,243 |  |  | $3,755 |  |  | $1,434 |  |  | $150 |  |  | $95 |  |  | $1,809 |
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 |
Turquoise Ridge | 280 |  | 131 |  | 28 |  | — |  | 2 |  | 119 |
Pueblo Viejo 2 | 1,417 |  | 501 |  | 229 |  | — |  | 16 |  | 671 |
Veladero | 591 |  | 291 |  | 119 |  | 3 |  | 5 |  | 173 |
Lagunas Norte | 514 |  | 177 |  | 68 |  | 4 |  | 6 |  | 259 |
Acacia 2 | 751 |  | 362 |  | 107 |  | — |  | 91 |  | 191 |
Pascua-Lama | — |  | — |  | 8 |  | 125 |  | (10 | ) | (123 | )
Other Mines 3 | 1,860 |  | 1,086 |  | 267 |  | 12 |  | 31 |  | 464 |
|  | $8,374 |  |  | $3,624 |  |  | $1,619 |  |  | $168 |  |  | $157 |  |  | $2,806 |
1 | Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2018, accretion expense was $74 million (2017: $55 million).
2 | Includes non-controlling interest portion of revenues, cost of sales and segment income for the year ended December 31, 2018, for Pueblo Viejo, $535 million, $289 million, $237 million (2017: $567 million, $285 million, $276 million) and Acacia, $240 million, $164 million, $63 million (2017: $271 million, $169 million, $69 million).
3 | Includes cost of sales of Pierina for the year ended December 31, 2018 of $116 million (2017: $174 million).
Reconciliation of Segment Income to Income from Continuing Operations Before Income Taxes
For the years ended December 31 | 2018 |  | 2017 |
Segment income |  | $1,809 |  |  | $2,806 |
Other cost of sales/amortization 1 | (31 | ) | (57 | )
Exploration, evaluation and project expenses not attributable to segments | (233 | ) | (186 | )
General and administrative expenses | (265 | ) | (248 | )
Other (expense) income not attributable to segments | (69 | ) | 901 |
Impairment charges (reversals) | (900 | ) | 212 |
Loss on currency translation | (136 | ) | (72 | )
Closed mine rehabilitation | 13 |  | (55 | )
Income from equity investees | 46 |  | 76 |
Finance costs, net (includes non-segment accretion)2 | (471 | ) | (636 | )
Gain on non-hedge derivatives 3 | — |  | 6 |
Income before income taxes |  | ($237 | ) |  | $2,747 |
1 | Includes realized hedge losses of $4 million (2017: $27 million losses).
2 | Includes debt extinguishment losses of $29 million (2017: $127 million losses).
3 | Includes unrealized non-hedge losses of $1 million (2017: $1 million gains).
Geographic Information
| Non-current assets | Revenue 1
| As at December 31, 2018 |  | As at December 31, 2017 |  | 2018 |  | 2017 |
United States |  | $6,768 |  |  | $6,641 |  |  | $3,025 |  |  | $3,299 |
Dominican Republic | 3,460 |  | 3,480 |  | 1,334 |  | 1,417 |
Argentina | 1,721 |  | 2,217 |  | 366 |  | 591 |
Chile | 2,500 |  | 2,469 |  | — |  | — |
Tanzania | 1,045 |  | 1,129 |  | 664 |  | 751 |
Peru | 145 |  | 734 |  | 449 |  | 676 |
Australia | 395 |  | 463 |  | 408 |  | 456 |
Zambia | 735 |  | 787 |  | 502 |  | 612 |
Papua New Guinea | 348 |  | 351 |  | 269 |  | 322 |
Saudi Arabia | 408 |  | 371 |  | — |  | — |
Canada | 432 |  | 625 |  | 226 |  | 250 |
Unallocated | 696 |  | 1,357 |  | — |  | — |
Total |  | $18,653 |  |  | $20,624 |  |  | $7,243 |  |  | $8,374 |
1 | Presented based on the location from which the product originated.
Capital Expenditures Information
| Segment Capital Expenditures 1
| As at December 31, 2018 |  | As at December 31, 2017 |
Barrick Nevada |  | $581 |  |  | $585 |
Turquoise Ridge | 62 |  | 36 |
Pueblo Viejo | 145 |  | 114 |
Veladero | 143 |  | 173 |
Lagunas Norte | 22 |  | 25 |
Acacia | 93 |  | 148 |
Pascua-Lama | 39 |  | 6 |
Other Mines | 314 |  | 259 |
Segment total |  | $1,399 |  |  | $1,346 |
Other items not allocated to segments | 44 |  | 36 |
Total |  | $1,443 |  |  | $1,382 |
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 2018, cash expenditures were $1,400 million (2017: $1,396 million) and the increase in accrued expenditures was $43 million (2017: $14 million decrease).

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