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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2022
Operating segments [Abstract] |
Segment Information | Segment Information Barrick’s business is organized into eighteen minesites. Barrick’s CODM (Mark Bristow, President and Chief Executive Officer) reviews the operating results, assesses performance and makes capital allocation decisions at the minesite, and/or project level. Each individual minesite is an operating segment for financial reporting purposes. Our presentation of our reportable operating segments consists of nine gold mines (Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara and Bulyanhulu). The remaining operating segments, including our remaining gold and copper mines, have been grouped into an “Other Mines” category and will not be reported on individually. Segment performance is evaluated based on a number of measures including operating income before tax, production levels and unit production costs. Certain costs are managed on a consolidated basis and are therefore not reflected in segment income. Consolidated Statements of Income Information
|  | Cost of Sales |  |  |  |
For the year ended December 31, 2022 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |
Carlin 2 | $2,848 |  | $1,416 |  | $312 |  | $21 |  | ($15) |  | $1,114 |  |
Cortez 2 | 1,316 |  | 597 |  | 253 |  | 12 |  | 4 |  | 450 |  |
Turquoise Ridge 2 | 814 |  | 469 |  | 178 |  | 7 |  | — |  | 160 |  |
Pueblo Viejo 2 | 1,303 |  | 559 |  | 242 |  | 24 |  | 17 |  | 461 |  |
Loulo-Gounkoto 2 | 1,236 |  | 533 |  | 257 |  | 9 |  | 11 |  | 426 |  |
Kibali | 598 |  | 235 |  | 178 |  | 2 |  | 41 |  | 142 |  |
Veladero | 365 |  | 205 |  | 120 |  | 2 |  | 6 |  | 32 |  |
North Mara 2 | 570 |  | 236 |  | 73 |  | 4 |  | 48 |  | 209 |  |
Bulyanhulu 2 | 463 |  | 235 |  | 60 |  | 3 |  | 25 |  | 140 |  |
Other Mines 2 | 2,056 |  | 1,223 |  | 482 |  | 19 |  | 75 |  | 257 |  |
Reportable segment total | $11,569 |  | $5,708 |  | $2,155 |  | $103 |  | $212 |  | $3,391 |  |
Share of equity investee | (598) |  | (235) |  | (178) |  | (2) |  | (41) |  | (142) |  |
Segment total | $10,971 |  | $5,473 |  | $1,977 |  | $101 |  | $171 |  | $3,249 |  |
Consolidated Statements of Income Information
|  | Cost of Sales |  |  |  |
For the year ended December 31, 2021 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |
Carlin 2 | $2,687 |  | $1,175 |  | $276 |  | $22 |  | $25 |  | $1,189 |  |
Cortez 2 | 1,485 |  | 633 |  | 294 |  | 10 |  | 1 |  | 547 |  |
Turquoise Ridge 2 | 987 |  | 415 |  | 200 |  | 1 |  | — |  | 371 |  |
Pueblo Viejo 2 | 1,514 |  | 505 |  | 234 |  | 5 |  | 11 |  | 759 |  |
Loulo-Gounkoto 2 | 1,249 |  | 454 |  | 278 |  | 18 |  | 25 |  | 474 |  |
Kibali | 661 |  | 232 |  | 141 |  | 5 |  | 5 |  | 278 |  |
Veladero | 382 |  | 177 |  | 85 |  | 1 |  | 1 |  | 118 |  |
North Mara 2 | 552 |  | 240 |  | 56 |  | — |  | 2 |  | 254 |  |
Bulyanhulu 2 | 361 |  | 155 |  | 57 |  | — |  | 2 |  | 147 |  |
Other Mines 2 | 2,659 |  | 1,179 |  | 580 |  | 10 |  | 81 |  | 809 |  |
Reportable segment total | $12,537 |  | $5,165 |  | $2,201 |  | $72 |  | $153 |  | $4,946 |  |
Share of equity investee | (661) |  | (232) |  | (141) |  | (5) |  | (5) |  | (278) |  |
Segment total | $11,876 |  | $4,933 |  | $2,060 |  | $67 |  | $148 |  | $4,668 |  |
1 Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2022, accretion expense was $36 million (2021: $26 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income (loss) for the year ended December 31, 2022, for Pueblo Viejo, $528 million, $319 million, $195 million (2021: $617 million, $294 million, $318 million), Nevada Gold Mines, $2,146 million, $1,422 million, $711 million (2021: $2,362 million, $1,359 million, $991 million), North Mara, Bulyanhulu and Buzwagi, $165 million, $97 million, $55 million (2021: $159 million, $92 million, $63 million), Loulo-Gounkoto, $247 million, $158 million, $88 million (2021: $250 million, $146 million, $95 million) and Tongon, $37 million, $36 million, $nil (2021: $38 million, $32 million, $5 million). Reconciliation of Segment Income to Income Before Income Taxes
For the years ended December 31 | 2022 | 2021
Segment income | $3,249 |  | $4,668 |
Other revenue | 42 |  | 109 |
Other cost of sales/amortization | (47) |  | (96) |
Exploration, evaluation and project expenses not attributable to segments | (249) |  | (220) |
General and administrative expenses | (159) |  | (151) |
Other income not attributable to segments | 396 |  | 187 |
Impairment (charges) reversals | (1,671) |  | 63 |
Loss on currency translation | (16) |  | (29) |
Closed mine rehabilitation | 136 |  | (18) |
Income from equity investees | 258 |  | 446 |
Finance costs, net (includes non-segment accretion)1 | (265) |  | (329) |
Gain on non-hedge derivatives | 7 |  | 2 |
Income before income taxes | $1,681 |  | $4,632 |
1 Includes debt extinguishment gains of $14 million (2021: $nil). Geographic Information
| Non-current assets | Revenue 1
| As at December 31, 2022 |  | As at December 31, 2021 | 2022 | 2021
United States | $16,518 |  |  | $16,355 |  | $5,573 |  | $6,134 |
Dominican Republic | 4,874 |  |  | 4,602 |  | 1,303 |  | 1,514 |
Mali | 3,599 |  |  | 4,709 |  | 1,236 |  | 1,249 |
Democratic Republic of Congo | 2,659 |  |  | 3,267 |  | — |  | — |
Chile | 1,957 |  |  | 1,937 |  | — |  | — |
Zambia | 1,930 |  |  | 1,793 |  | 868 |  | 962 |
Tanzania | 1,914 |  |  | 1,767 |  | 1,033 |  | 993 |
Argentina | 1,247 |  |  | 1,739 |  | 365 |  | 382 |
Canada | 507 |  |  | 517 |  | 231 |  | 291 |
Pakistan | 749 |  |  | — |  | — |  | — |
Saudi Arabia | 382 |  |  | 382 |  | — |  | — |
Papua New Guinea | 327 |  |  | 330 |  | — |  | — |
Côte d'Ivoire | 164 |  |  | 191 |  | 356 |  | 369 |
Peru | 73 |  |  | 113 |  | 48 |  | 91 |
Unallocated | 600 |  |  | 939 |  | — |  | — |
Total | $37,500 |  |  | $38,641 |  | $11,013 |  | $11,985 |
1 Geographic location is presented based on the location of the mine from which the product originated. Capital Expenditures Information
| Segment Capital Expenditures 1
| As at December 31, 2022 | As at December 31, 2021
Carlin | $506 |  | $422 |
Cortez | 419 |  | 277 |
Turquoise Ridge | 176 |  | 144 |
Pueblo Viejo | 629 |  | 533 |
Loulo-Gounkoto | 322 |  | 313 |
Kibali | 99 |  | 70 |
Veladero | 167 |  | 144 |
North Mara | 156 |  | 93 |
Bulyanhulu | 90 |  | 80 |
Other Mines | 500 |  | 351 |
Reportable segment total | $3,064 |  | $2,427 |
Other items not allocated to segments | 133 |  | 129 |
Total | $3,197 |  | $2,556 |
Share of equity investee | (99) |  | (70) |
Total | $3,098 |  | $2,486 |
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 2022, cash expenditures were $3,049 million (2021: $2,435 million) and the increase in accrued expenditures was $49 million (2021: $51 million increase).

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