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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2022
Operating segments [Abstract] |
Schedules of segment information | Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the three months ended June 30, 2022 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $748 |  | $371 |  | $80 |  | $5 |  | $3 |  | $289 |  |  |
Cortez 2 | 284 |  | 131 |  | 48 |  | 4 |  | 1 |  | 100 |  |  |
Turquoise Ridge 2 | 232 |  | 117 |  | 44 |  | 4 |  | — |  | 67 |  |  |
Pueblo Viejo 2 | 318 |  | 136 |  | 60 |  | 12 |  | 4 |  | 106 |  |  |
Loulo-Gounkoto 2 | 331 |  | 129 |  | 64 |  | 1 |  | 5 |  | 132 |  |  |
Kibali | 145 |  | 57 |  | 33 |  | 1 |  | 5 |  | 49 |  |  |
Veladero | 119 |  | 55 |  | 31 |  | 1 |  | (1) |  | 33 |  |  |
North Mara 2 | 149 |  | 60 |  | 23 |  | 1 |  | (1) |  | 66 |  |  |
Bulyanhulu 2 | 118 |  | 57 |  | 14 |  | — |  | 5 |  | 42 |  |  |
Other Mines 2 | 521 |  | 312 |  | 110 |  | 4 |  | 18 |  | 77 |  |  |
Reportable segment total | $2,965 |  | $1,425 |  | $507 |  | $33 |  | $39 |  | $961 |  |  |
Share of equity investees | (145) |  | (57) |  | (33) |  | (1) |  | (5) |  | (49) |  |  |
Segment total | $2,820 |  | $1,368 |  | $474 |  | $32 |  | $34 |  | $912 |  |  |
Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the three months ended June 30, 2021 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $572 |  | $267 |  | $59 |  | $7 |  | ($8) |  | $247 |  |  |
Cortez 2 | 328 |  | 143 |  | 66 |  | 2 |  | 1 |  | 116 |  |  |
Turquoise Ridge 2 | 235 |  | 98 |  | 48 |  | — |  | — |  | 89 |  |  |
Pueblo Viejo 2 | 369 |  | 122 |  | 55 |  | 1 |  | 9 |  | 182 |  |  |
Loulo-Gounkoto 2 | 329 |  | 110 |  | 69 |  | 5 |  | 6 |  | 139 |  |  |
Kibali | 169 |  | 60 |  | 36 |  | 1 |  | 2 |  | 70 |  |  |
Veladero | 91 |  | 40 |  | 20 |  | — |  | 2 |  | 29 |  |  |
North Mara 2 | 144 |  | 65 |  | 12 |  | — |  | 1 |  | 66 |  |  |
Bulyanhulu 2 | 82 |  | 38 |  | 13 |  | — |  | 1 |  | 30 |  |  |
Other Mines 2 | 719 |  | 305 |  | 146 |  | 3 |  | 16 |  | 249 |  |  |
Reportable segment total | $3,038 |  | $1,248 |  | $524 |  | $19 |  | $30 |  | $1,217 |  |  |
Share of equity investees | (169) |  | (60) |  | (36) |  | (1) |  | (2) |  | (70) |  |  |
Segment total | $2,869 |  | $1,188 |  | $488 |  | $18 |  | $28 |  | $1,147 |  |  |
Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the six months ended June 30, 2022 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $1,455 |  | $681 |  | $149 |  | $7 |  | ($18) |  | $636 |  |  |
Cortez 2 | 648 |  | 283 |  | 110 |  | 6 |  | 1 |  | 248 |  |  |
Turquoise Ridge 2 | 427 |  | 224 |  | 86 |  | 4 |  | 1 |  | 112 |  |  |
Pueblo Viejo 2 | 656 |  | 265 |  | 118 |  | 14 |  | 5 |  | 254 |  |  |
Loulo-Gounkoto 2 | 653 |  | 252 |  | 127 |  | 3 |  | 7 |  | 264 |  |  |
Kibali | 282 |  | 112 |  | 61 |  | 4 |  | 15 |  | 90 |  |  |
Veladero | 195 |  | 90 |  | 50 |  | 1 |  | — |  | 54 |  |  |
North Mara 2 | 280 |  | 110 |  | 33 |  | 2 |  | — |  | 135 |  |  |
Bulyanhulu 2 | 249 |  | 119 |  | 31 |  | — |  | 6 |  | 93 |  |  |
Other Mines 2 | 1,125 |  | 620 |  | 223 |  | 7 |  | 35 |  | 240 |  |  |
Reportable segment total | $5,970 |  | $2,756 |  | $988 |  | $48 |  | $52 |  | $2,126 |  |  |
Share of equity investees | (282) |  | (112) |  | (61) |  | (4) |  | (15) |  | (90) |  |  |
Segment total | $5,688 |  | $2,644 |  | $927 |  | $44 |  | $37 |  | $2,036 |  |  |
Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the six months ended June 30, 2021 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $1,235 |  | $555 |  | $127 |  | $10 |  | ($9) |  | $552 |  |  |
Cortez 2 | 620 |  | 286 |  | 130 |  | 5 |  | 2 |  | 197 |  |  |
Turquoise Ridge 2 | 504 |  | 198 |  | 99 |  | — |  | — |  | 207 |  |  |
Pueblo Viejo 2 | 789 |  | 252 |  | 116 |  | 2 |  | 10 |  | 409 |  |  |
Loulo-Gounkoto 2 | 666 |  | 225 |  | 138 |  | 9 |  | 14 |  | 280 |  |  |
Kibali | 323 |  | 120 |  | 68 |  | 1 |  | 1 |  | 133 |  |  |
Veladero | 148 |  | 64 |  | 31 |  | — |  | 2 |  | 51 |  |  |
North Mara 2 | 263 |  | 121 |  | 27 |  | — |  | 2 |  | 113 |  |  |
Bulyanhulu 2 | 132 |  | 66 |  | 25 |  | — |  | 2 |  | 39 |  |  |
Other Mines 2 | 1,406 |  | 604 |  | 288 |  | 6 |  | 31 |  | 477 |  |  |
Reportable segment total | $6,086 |  | $2,491 |  | $1,049 |  | $33 |  | $55 |  | $2,458 |  |  |
Share of equity investees | (323) |  | (120) |  | (68) |  | (1) |  | (1) |  | (133) |  |  |
Segment total | $5,763 |  | $2,371 |  | $981 |  | $32 |  | $54 |  | $2,325 |  |  |
1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2022, accretion expense was $9 million (2021: $8 million) and for the six months ended June 30, 2022, accretion expense was $16 million (2021: $13 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2022 for Nevada Gold Mines $549 million, $354 million, $189 million (2021: $541 million, $314 million, $224 million), Pueblo Viejo $130 million, $78 million, $47 million (2021: $147 million, $70 million, $73 million), Loulo-Gounkoto $67 million, $39 million, $27 million (2021: $66 million, $36 million, $28 million), North Mara, Bulyanhulu and Buzwagi $43 million, $25 million, $17 million (2021: $42 million, $25 million, $18 million), and Tongon $9 million, $9 million, $(1) million (2021: $10 million, $8 million, $2 million) and for the six months ended June 30, 2022 for Nevada Gold Mines $1,105 million, $687 million, $417 million (2021: $1,098 million, $632 million, $460 million), Pueblo Viejo $265 million, $153 million, $106 million (2021: $321 million, $146 million, $171 million), Loulo-Gounkoto $131 million, $76 million, $54 million (2021: $133 million, $73 million, $56 million), North Mara, Bulyanhulu and Buzwagi $85 million, $47 million, $36 million (2021: $74 million, $48 million, $26 million) and Tongon $17 million, $18 million, $(2) million (2021: $20 million, $16 million, $3 million), respectively. Reconciliation of Segment Income to Income Before Income Taxes
| For the three months ended June 30 | For the six months ended June 30
| 2022 | 2021 | 2022 | 2021
Segment income | $912 |  | $1,147 |  | $2,036 |  | $2,325 |
Other revenue | 39 |  | 24 |  | 24 |  | 86 |
Other cost of sales/amortization | (8) |  | (28) |  | (18) |  | (64) |
Exploration, evaluation and project expenses not attributable to segments | (68) |  | (59) |  | (123) |  | (106) |
General and administrative expenses | (30) |  | (47) |  | (84) |  | (85) |
Other income (loss) not attributable to segments | 23 |  | (4) |  | 23 |  | (3) |
Impairment (charges) reversals | (3) |  | (2) |  | (5) |  | 87 |
Loss on currency translation | (6) |  | (7) |  | (9) |  | (11) |
Closed mine rehabilitation | 128 |  | (6) |  | 125 |  | (29) |
Income from equity investees | 89 |  | 104 |  | 188 |  | 207 |
Finance costs, net (includes non-segment accretion) | (80) |  | (83) |  | (161) |  | (165) |
Gain (loss) on non-hedge derivatives | — |  | (2) |  | 7 |  | (1) |
Income before income taxes | $996 |  | $1,037 |  | $2,003 |  | $2,241 |
Capital Expenditures Information
| Segment capital expenditures 1
| For the three months ended June 30 | For the six months ended June 30
| 2022 | 2021 | 2022 | 2021
Carlin | $130 |  | $141 |  | $247 |  | $233 |
Cortez | 126 |  | 70 |  | 219 |  | 132 |
Turquoise Ridge | 44 |  | 39 |  | 86 |  | 72 |
Pueblo Viejo | 150 |  | 143 |  | 294 |  | 244 |
Loulo-Gounkoto | 82 |  | 88 |  | 144 |  | 158 |
Kibali | 21 |  | 20 |  | 38 |  | 31 |
Veladero | 45 |  | 43 |  | 83 |  | 83 |
North Mara | 35 |  | 19 |  | 57 |  | 37 |
Bulyanhulu | 23 |  | 18 |  | 35 |  | 33 |
Other Mines | 100 |  | 76 |  | 177 |  | 150 |
Reportable segment total | $756 |  | $657 |  | $1,380 |  | $1,173 |
Other items not allocated to segments | 29 |  | 35 |  | 63 |  | 59 |
Total | $785 |  | $692 |  | $1,443 |  | $1,232 |
Share of equity investees | (21) |  | (20) |  | (38) |  | (31) |
Total | $764 |  | $672 |  | $1,405 |  | $1,201 |
1Segment 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. For the three months ended June 30, 2022, cash expenditures were $755 million (2021: $658 million) and the increase in accrued expenditures was $9 million (2021: $14 million increase). For the six months ended June 30, 2022, cash expenditures were $1,366 million (2021: $1,197 million) and the increase in accrued expenditures was $39 million (2021: $4 million increase).

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