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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Other Intangible Assets [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS

a) Intangible Assets
 
Water rights1

Technology2

Supply contracts3

Exploration potential4

Total

Opening balance January 1, 2018

$71


$9


$11


$164


$255

Amortization and impairment losses5
—

(1
)
(3
)
(24
)
(28
)
Closing balance December 31, 2018

$71


$8


$8


$140


$227

Additions
1

—

—

—

1

Amortization
—

(1
)
(1
)
—

(2
)
Closing balance December 31, 2019

$72


$7


$7


$140


$226

Cost

$72


$17


$39


$298


$426

Accumulated amortization and impairment losses
—

(10
)
(32
)
(158
)
(200
)
Net carrying amount December 31, 2019

$72


$7


$7


$140


$226

1 
Relates to water rights in South America, and will be amortized through cost of sales when we begin using these in the future.
2 
The amount is amortized through cost of sales using the UOP method over LOM ounces of the Pueblo Viejo mine, with no assumed residual value.
3 
Relates to a supply agreement with Michelin North America Inc. to secure a supply of tires and is amortized over the effective term of the contract through cost of sales.
4 
Exploration potential consists of the estimated fair value attributable to exploration licenses acquired as a result of a business combination or asset acquisition. The carrying value of the licenses will be transferred to PP&E when the development of attributable mineral resources commences.
5 
Exploration potential impairment losses in 2018 relate to the Nyanzaga project in Tanzania.
 








b) Goodwill
 
Closing balance December 31, 2018

Additions

Disposals

Closing balance December 31, 2019

Carlin

$—


$1,294


$—


$1,294

Cortez
514

210

—

724

Turquoise Ridge
528

194

—

722

Phoenix
—

119

—

119

Goldrush
—

175

—

175

Hemlo
63

—

—

63

Kalgoorlie
71

—

(71
)
—

Loulo-Gounkoto
—

1,672

—

1,672

Total

$1,176


$3,664


($71
)

$4,769

On a total basis, the gross amount and accumulated impairment losses are as follows:
 
 
Cost

$12,211

Accumulated impairment losses December 31, 2019
(7,442
)
Net carrying amount December 31, 2019

$4,769