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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair value measurements [Abstract] |
Disclosure of fair value measurement of assets |
Fair Value Measurements |  |  |  |  |
At December 31, 2022 | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Aggregate Fair Value |
(Level 1) | (Level 2) | (Level 3) |
Other investments 1 | $112 |  | $— |  | $— |  | $112 |  |
Derivatives | — |  | 59 |  | — |  | 59 |  |
Receivables from provisional copper and gold sales | — |  | 188 |  | — |  | 188 |  |
| $112 |  | $247 |  | $— |  | $359 |  |
Fair Value Measurements |  |  |  |  |
At December 31, 2021 | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Aggregate Fair Value |
(Level 1) | (Level 2) | (Level 3) |
Other investments 1 | $414 |  | $— |  | $— |  | $414 |  |
Derivatives | — |  | 53 |  | — |  | 53 |  |
Receivables from provisional copper and gold sales | — |  | 242 |  | — |  | 242 |  |
| $414 |  | $295 |  | $— |  | $709 |  |
1 Includes equity investments in other mining companies.
At December 31, 2022 | Quoted prices in active markets for identical assets | Significant other observable inputs | Significant unobservable inputs | Aggregate fair value
(Level 1) | (Level 2) | (Level 3)
Property, plant and equipment 1 | — |  | — |  | 648 |  | 648 |
Goodwill 2 | — |  | — |  | 484 |  | 484 |
1 Property, plant and equipment were written down by $574 million, which was included in earnings in this period. 2 Goodwill was written down at Loulo-Gounkoto by $1,188 million, which was included in earnings in this period.
Disclosure of fair value measurement of financial assets and liabilities |
| At December 31, 2022 | At December 31, 2021
| Carrying amount | Estimated fair value | Carrying amount | Estimated fair value
Financial assets |  |  |  |
Other assets 1,5 | $1,358 |  | $1,358 |  | $382 |  | $382 |
Other investments 2 | 112 |  | 112 |  | 414 |  | 414 |
Derivative assets 3 | 59 |  | 59 |  | 53 |  | 53 |
| $1,529 |  | $1,529 |  | $849 |  | $849 |
Financial liabilities |  |  |  |
Debt 4 | $4,782 |  | $4,922 |  | $5,150 |  | $6,928 |
Other liabilities 5 | 1,562 |  | 1,562 |  | 473 |  | 473 |
| $6,344 |  | $6,484 |  | $5,623 |  | $7,401 |
1 Includes restricted cash and amounts due from our partners. 2 Includes equity investments in other mining companies. Recorded at fair value. Quoted market prices are used to determine fair value. 3 Primarily consists of contingent consideration received as part of the sale of Massawa and Lagunas Norte. 4 Debt is generally recorded at amortized cost except for obligations that are designated in a fair-value hedge relationship, in which case the carrying amount is adjusted for changes in fair value of the hedging instrument in periods when a hedge relationship exists. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt. 5Other assets include a restricted cash balance and other liabilities include a liability to Antofagasta plc. The restricted cash will fund Antofagasta plc’s exit from the Reko Diq project, following its reconstitution as described in note 4.

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