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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Operating segments [Abstract] |
Schedules of segment information | Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the three months ended June 30, 2023 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $779 |  | $404 |  | $91 |  | $7 |  | $2 |  | $275 |  |  |
Cortez 2 | 359 |  | 178 |  | 67 |  | 5 |  | 1 |  | 108 |  |  |
Turquoise Ridge 2 | 232 |  | 129 |  | 43 |  | 2 |  | — |  | 58 |  |  |
Pueblo Viejo 2 | 258 |  | 117 |  | 60 |  | 1 |  | 3 |  | 77 |  |  |
Loulo-Gounkoto 2 | 344 |  | 139 |  | 60 |  | 2 |  | 4 |  | 139 |  |  |
Kibali | 172 |  | 70 |  | 41 |  | — |  | 1 |  | 60 |  |  |
Lumwana | 189 |  | 117 |  | 59 |  | 10 |  | 3 |  | — |  |  |
North Mara 2 | 149 |  | 72 |  | 19 |  | — |  | 7 |  | 51 |  |  |
Bulyanhulu 2 | 119 |  | 56 |  | 15 |  | — |  | 1 |  | 47 |  |  |
Other Mines 2 | 392 |  | 245 |  | 56 |  | 2 |  | 16 |  | 73 |  |  |
Reportable segment total | $2,993 |  | $1,527 |  | $511 |  | $29 |  | $38 |  | $888 |  |  |
Share of equity investees | (172) |  | (70) |  | (41) |  | — |  | (1) |  | (60) |  |  |
Segment total | $2,821 |  | $1,457 |  | $470 |  | $29 |  | $37 |  | $828 |  |  |
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 |  |  |
Lumwana | 211 |  | 109 |  | 33 |  | 2 |  | 5 |  | 62 |  |  |
North Mara 2 | 149 |  | 60 |  | 23 |  | 1 |  | (1) |  | 66 |  |  |
Bulyanhulu 2 | 118 |  | 57 |  | 14 |  | — |  | 5 |  | 42 |  |  |
Other Mines 2 | 429 |  | 258 |  | 108 |  | 3 |  | 12 |  | 48 |  |  |
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 six months ended June 30, 2023 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $1,290 |  | $734 |  | $154 |  | $15 |  | $4 |  | $383 |  |  |
Cortez 2 | 784 |  | 382 |  | 158 |  | 7 |  | 3 |  | 234 |  |  |
Turquoise Ridge 2 | 486 |  | 268 |  | 93 |  | 3 |  | — |  | 122 |  |  |
Pueblo Viejo 2 | 549 |  | 237 |  | 124 |  | 2 |  | 4 |  | 182 |  |  |
Loulo-Gounkoto 2 | 665 |  | 283 |  | 131 |  | 2 |  | 5 |  | 244 |  |  |
Kibali | 299 |  | 136 |  | 66 |  | — |  | 4 |  | 93 |  |  |
Lumwana | 360 |  | 247 |  | 103 |  | 17 |  | 5 |  | (12) |  |  |
North Mara 2 | 307 |  | 136 |  | 38 |  | — |  | 26 |  | 107 |  |  |
Bulyanhulu 2 | 230 |  | 114 |  | 31 |  | — |  | 17 |  | 68 |  |  |
Other Mines 2 | 786 |  | 496 |  | 127 |  | 4 |  | 36 |  | 123 |  |  |
Reportable segment total | $5,756 |  | $3,033 |  | $1,025 |  | $50 |  | $104 |  | $1,544 |  |  |
Share of equity investees | (299) |  | (136) |  | (66) |  | — |  | (4) |  | (93) |  |  |
Segment total | $5,457 |  | $2,897 |  | $959 |  | $50 |  | $100 |  | $1,451 |  |  |
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 |  |  |
Lumwana | 498 |  | 225 |  | 71 |  | 2 |  | 5 |  | 195 |  |  |
North Mara 2 | 280 |  | 110 |  | 33 |  | 2 |  | — |  | 135 |  |  |
Bulyanhulu 2 | 249 |  | 119 |  | 31 |  | — |  | 6 |  | 93 |  |  |
Other Mines 2 | 822 |  | 485 |  | 202 |  | 6 |  | 30 |  | 99 |  |  |
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 |  |  |
1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2023, accretion expense was $12 million (2022: $9 million) and for the six months ended June 30, 2023, accretion expense was $24 million (2022: $16 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2023 for Nevada Gold Mines $578 million, $390 million, $179 million (2022: $549 million, $354 million, $189 million), Pueblo Viejo $105 million, $70 million, $35 million (2022: $130 million, $78 million, $47 million), Loulo-Gounkoto $69 million, $40 million, $28 million (2022: $67 million, $39 million, $27 million), North Mara and Bulyanhulu $43 million, $26 million, $17 million (2022: $43 million, $25 million, $17 million), and Tongon $11 million, $7 million, $2 million (2022: $9 million, $9 million, $(1) million) and for the six months ended June 30, 2023 for Nevada Gold Mines $1,083 million, $769 million, $299 million (2022: $1,105 million, $687 million, $417 million), Pueblo Viejo $221 million, $143 million, $77 million (2022: $265 million, $153 million, $106 million), Loulo-Gounkoto $133 million, $83 million, $50 million (2022: $131 million, $76 million, $54 million), North Mara and Bulyanhulu $86 million, $51 million, $29 million (2022: $85 million, $47 million, $36 million) and Tongon $22 million, $16 million, $5 million (2022: $17 million, $18 million, $(2) 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
| 2023 | 2022 | 2023 | 2022
Segment income | $828 |  | $912 |  | $1,451 |  | $2,036 |
Other revenue | 12 |  | 39 |  | 19 |  | 24 |
Other cost of sales/amortization | (10) |  | (8) |  | (22) |  | (18) |
Exploration, evaluation and project expenses not attributable to segments | (72) |  | (68) |  | (122) |  | (123) |
General and administrative expenses | (28) |  | (30) |  | (67) |  | (84) |
Other income not attributable to segments | 6 |  | 23 |  | 4 |  | 23 |
Impairment charges | (22) |  | (3) |  | (23) |  | (5) |
Gain (loss) on currency translation | 12 |  | (6) |  | (26) |  | (9) |
Closed mine rehabilitation | 13 |  | 128 |  | (9) |  | 125 |
Income from equity investees | 58 |  | 89 |  | 111 |  | 188 |
Finance costs, net (includes non-segment accretion) | (32) |  | (80) |  | (78) |  | (161) |
Gain on non-hedge derivatives | 1 |  | — |  | 2 |  | 7 |
Income before income taxes | $766 |  | $996 |  | $1,240 |  | $2,003 |
Capital Expenditures Information | Segment capital expenditures 1
| For the three months ended June 30 | For the six months ended June 30
| 2023 | 2022 | 2023 | 2022
Carlin | $143 |  | $130 |  | $263 |  | $247 |
Cortez | 115 |  | 126 |  | 201 |  | 219 |
Turquoise Ridge | 23 |  | 44 |  | 50 |  | 86 |
Pueblo Viejo | 119 |  | 150 |  | 246 |  | 294 |
Loulo-Gounkoto | 91 |  | 82 |  | 195 |  | 144 |
Kibali | 25 |  | 21 |  | 44 |  | 38 |
Lumwana | 72 |  | 78 |  | 124 |  | 135 |
North Mara | 45 |  | 35 |  | 85 |  | 57 |
Bulyanhulu | 23 |  | 23 |  | 43 |  | 35 |
Other Mines | 54 |  | 67 |  | 115 |  | 125 |
Reportable segment total | $710 |  | $756 |  | $1,366 |  | $1,380 |
Other items not allocated to segments | 92 |  | 29 |  | 133 |  | 63 |
Total | $802 |  | $785 |  | $1,499 |  | $1,443 |
Share of equity investees | (25) |  | (21) |  | (44) |  | (38) |
Total | $777 |  | $764 |  | $1,455 |  | $1,405 |
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. For the three months ended June 30, 2023, cash expenditures were $769 million (2022: $755 million) and the increase in accrued expenditures was $8 million (2022: $9 million increase). For the six months ended June 30, 2023, cash expenditures were $1,457 million (2022: $1,366 million) and the decrease in accrued expenditures was $2 million (2022: $39 million increase).
Lumwana |  | Cost of Sales |  |  |  |
For the year ended | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) | Capital Expenditures
December 31, 2022 | $868 |  | $443 |  | $223 |  | $11 |  | $11 |  | $180 |  | $380 |
December 31, 2021 | $962 |  | $373 |  | $197 |  | $— |  | $1 |  | $391 |  | $222 |

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