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SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Operating Segments [Abstract] |
Segment information | Consolidated Statements of Income Information
|  | Cost of Sales |  |  |  |
For the year ended December 31, 2020 | Revenue | Direct mining, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |
Carlin 2,3 | $2,952 |  | $1,318 |  | $306 |  | $30 |  | $1 |  | $1,297 |  |
Cortez 2 | 1,409 |  | 543 |  | 221 |  | 10 |  | 4 |  | 631 |  |
Turquoise Ridge 2,4 | 960 |  | 391 |  | 184 |  | 7 |  | 3 |  | 375 |  |
Pueblo Viejo 2 | 1,613 |  | 511 |  | 224 |  | 11 |  | (6) |  | 873 |  |
Loulo-Gounkoto 2 | 1,208 |  | 452 |  | 267 |  | 11 |  | 29 |  | 449 |  |
Kibali | 648 |  | 223 |  | 174 |  | 2 |  | 5 |  | 244 |  |
Veladero | 333 |  | 144 |  | 69 |  | — |  | 6 |  | 114 |  |
Porgera | 140 |  | 81 |  | 25 |  | 2 |  | 50 |  | (18) |  |
North Mara 2 | 571 |  | 227 |  | 91 |  | — |  | (1) |  | 254 |  |
Bulyanhulu 2 | 240 |  | 112 |  | 72 |  | — |  | 25 |  | 31 |  |
Other Mines 2 | 3,158 |  | 1,426 |  | 706 |  | 19 |  | 12 |  | 995 |  |
Reportable segment total | $13,232 |  | $5,428 |  | $2,339 |  | $92 |  | $128 |  | $5,245 |  |
Share of equity investee | (648) |  | (223) |  | (174) |  | (2) |  | (5) |  | (244) |  |
Segment total | $12,584 |  | $5,205 |  | $2,165 |  | $90 |  | $123 |  | $5,001 |  |
Consolidated Statements of Income Information
|  | Cost of Sales |  |  |  |
For the year ended December 31, 2019 | Revenue | Direct mining, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |
Carlin 2,3 | $1,862 |  | $998 |  | $312 |  | $17 |  | $4 |  | $531 |  |
Cortez 2 | 1,325 |  | 511 |  | 240 |  | 8 |  | 16 |  | 550 |  |
Turquoise Ridge 2,4 | 688 |  | 285 |  | 140 |  | 4 |  | — |  | 259 |  |
Pueblo Viejo 2 | 1,409 |  | 525 |  | 196 |  | 12 |  | — |  | 676 |  |
Loulo-Gounkoto 2 | 1,007 |  | 456 |  | 295 |  | 12 |  | 6 |  | 238 |  |
Kibali | 505 |  | 207 |  | 196 |  | 3 |  | (9) |  | 108 |  |
Veladero | 386 |  | 208 |  | 115 |  | 3 |  | 3 |  | 57 |  |
Porgera | 403 |  | 242 |  | 42 |  | 2 |  | 4 |  | 113 |  |
North Mara 2 | 462 |  | 213 |  | 97 |  | — |  | 6 |  | 146 |  |
Bulyanhulu 2 | 53 |  | 26 |  | 19 |  | — |  | 27 |  | (19) |  |
Other Mines 2 | 2,122 |  | 1,400 |  | 535 |  | 19 |  | 19 |  | 149 |  |
Reportable segment total | $10,222 |  | $5,071 |  | $2,187 |  | $80 |  | $76 |  | $2,808 |  |
Share of equity investee | (505) |  | (207) |  | (196) |  | (3) |  | 9 |  | (108) |  |
Segment total | $9,717 |  | $4,864 |  | $1,991 |  | $77 |  | $85 |  | $2,700 |  |
1 Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2020, accretion expense was $30 million (2019: $53 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income (loss) for the year ended December 31, 2020, for Pueblo Viejo, $660 million, $293 million, $365 million (2019: $566 million, $286 million, $274 million), Nevada Gold Mines, $2,432 million, $1,369 million, $1,036 million (2019: $1,049 million, $704 million, $329 million), North Mara, Bulyanhulu and Buzwagi, $194 million, $114 million, $76 million (2019: $169 million, $125 million, $31 million), Loulo-Gounkoto, $242 million, $144 million, $90 million (2019: $201 million, $150 million, $48 million) and Tongon, $52 million, $39 million, $14 million (2019: $39 million, $41 million, $(2) million). 3 On July 1, 2019, Barrick's Goldstrike and Newmont's Carlin mines were contributed to Nevada Gold Mines and are now operated as one segment referred to as Carlin. As a result, the amounts presented represent Goldstrike (including South Arturo) up until June 30, 2019, and the combined results of Carlin (including Goldstrike) thereafter, including non-controlling interest. Refer to note 4. 4 Barrick owned 75% of Turquoise Ridge up until June 30, 2019, with our joint venture partner, Newmont, owning the remaining 25%. Turquoise Ridge was accounted for as a joint operation and proportionately consolidated. On July 1, 2019, Barrick's 75% interest in Turquoise Ridge and Newmont's Twin Creeks and 25% interest in Turquoise Ridge were contributed to Nevada Gold Mines and are now operated as one segment referred to as Turquoise Ridge. The figures presented in this table are based on our 75% interest in Turquoise Ridge until June 30, 2019 and the combined results of Turquoise Ridge (including Twin Creeks) thereafter, including non-controlling interest. Refer to note 4. Reconciliation of Segment Income to Income Before Income Taxes
For the years ended December 31 | 2020 | 2019
Segment income | $5,001 |  | $2,700 |
Other revenue | 11 |  | — |
Other cost of sales/amortization 1 | (47) |  | (56) |
Exploration, evaluation and project expenses not attributable to segments | (205) |  | (265) |
General and administrative expenses | (185) |  | (212) |
Other income not attributable to segments | 261 |  | 3,132 |
Impairment reversals | 269 |  | 1,423 |
Loss on currency translation | (50) |  | (109) |
Closed mine rehabilitation | (90) |  | (5) |
Income from equity investees | 288 |  | 165 |
Finance costs, net (includes non-segment accretion)2 | (317) |  | (416) |
Gain on non-hedge derivatives | 10 |  | — |
Income before income taxes | $4,946 |  | $6,357 |
1 Includes realized hedge losses of $nil (2019: $nil losses). 2 Includes debt extinguishment losses of $15 million (2019: $3 million losses). Capital Expenditures Information
| Segment Capital Expenditures 1
| As at December 31, 2020 | As at December 31, 2019
Carlin | $395 |  | $303 |
Cortez | 301 |  | 327 |
Turquoise Ridge | 97 |  | 125 |
Pueblo Viejo | 228 |  | 107 |
Loulo-Gounkoto | 243 |  | 198 |
Kibali | 53 |  | 43 |
Veladero | 104 |  | 95 |
Porgera | 11 |  | 50 |
North Mara | 89 |  | 57 |
Bulyanhulu | 79 |  | 5 |
Other Mines | 337 |  | 379 |
Reportable segment total | $1,937 |  | $1,689 |
Other items not allocated to segments | 184 |  | 110 |
Total | $2,121 |  | $1,799 |
Share of equity investee | (53) |  | (43) |
Total | $2,068 |  | $1,756 |
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 2020, cash expenditures were $2,054 million (2019: $1,701 million) and the increase in accrued expenditures was $14 million (2019: $55 million increase).
Geographic information | Geographic Information
| Non-current assets | Revenue
| As at December 31, 2020 |  | As at December 31, 2019 | 2020 | 2019
United States | $16,233 |  |  | $16,257 |  | $6,298 |  | $4,190 |
Mali | 4,659 |  |  | 4,660 |  | 1,208 |  | 1,007 |
Dominican Republic | 4,219 |  |  | 4,181 |  | 1,613 |  | 1,409 |
Democratic Republic of Congo | 3,278 |  |  | 3,218 |  | — |  | — |
Chile | 2,027 |  |  | 2,025 |  | — |  | — |
Zambia | 1,720 |  |  | 1,705 |  | 697 |  | 393 |
Tanzania | 1,703 |  |  | 994 |  | 1,214 |  | 671 |
Argentina | 1,686 |  |  | 1,571 |  | 333 |  | 386 |
Canada | 479 |  |  | 500 |  | 407 |  | 305 |
Côte d'Ivoire | 266 |  |  | 405 |  | 508 |  | 384 |
Saudi Arabia | 369 |  |  | 296 |  | — |  | — |
Papua New Guinea | 347 |  |  | 361 |  | 140 |  | 403 |
Peru | 186 |  |  | 170 |  | 177 |  | 279 |
Australia | — |  |  | — |  | — |  | 290 |
Unallocated | 1,253 |  |  | 1,162 |  | — |  | — |
Total | $38,425 |  |  | $37,505 |  | $12,595 |  | $9,717 |

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