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FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Disclosure of fair value measurement of liabilities [text block]

A) Assets and Liabilities Measured at Fair Value on a Recurring Basis


As at June 30, 2020	Quoted prices in active markets for identical assets	Significant other observable inputs	Significant unobservable inputs	Aggregate fair value
		(Level 1)	(Level 2)	(Level 3)
Cash and equivalents	$3,743	$—	$—	$3,743
Other investments	250	—	—	250
Derivatives	—	35	—	35
Receivables from provisional copper and gold sales	—	153	—	153
	$3,993	$188	$—	$4,181

B) Fair Values of Financial Assets and Liabilities


	As at June 30, 2020			As at December 31, 2019
	Carrying amount	Estimated fair value	Carrying amount	Estimated fair value
Financial assets
Other assets¹	$639	$639	$612	$612
Other investments²	250	250	258	258
Derivative assets³	37	37	1	1
	$926	$926	$871	$871
Financial liabilities
Debt⁴	$5,168	$6,960	$5,536	$6,854
Derivative liabilities	2	2	—	—
Other liabilities	352	352	209	209
	$5,522	$7,314	$5,745	$7,063

¹Includes restricted cash and amounts due from our partners.

²Recorded at fair value. Quoted market prices are used to determine fair value.

³Primarily consists of contingent consideration received as part of the sale of Massawa

⁴Debt is generally recorded at amortized cost. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt.