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DEFERRED INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income tax [Abstract] |
Schedules of deferred income tax assets and liabilities | Sources of Deferred Income Tax Assets and Liabilities
| As at December 31, 2022 | As at December 31, 2021
Deferred tax assets |  |
Tax loss carry forwards | $307 |  | $330 |
Tax credits | — |  | 10 |
Environmental rehabilitation | 205 |  | 262 |
Post-retirement benefit obligations and other employee benefits | 31 |  | 30 |
Other working capital | 85 |  | 68 |
Other | 10 |  | 5 |
| $638 |  | $705 |
Deferred tax liabilities |  |
Property, plant and equipment | (3,476) |  | (3,556) |
Inventory | (389) |  | (416) |
Accrued interest payable | (1) |  | 3 |
| ($3,228) |  | ($3,264) |
Classification: |  |
Non-current assets | $19 |  | $29 |
Non-current liabilities | (3,247) |  | (3,293) |
| ($3,228) |  | ($3,264) |
Expiry Dates of Tax Losses
| 2023 | 2024 | 2025 | 2026 | 2027+ | No expiry date | Total |
Non-capital tax losses 1 |  |  |  |  |  |  |  |
Australia | $— |  | $— |  | $— |  | $— |  | $— |  | $54 |  | $54 |  |
Barbados | 397 |  | 212 |  | 218 |  | 2 |  | 131 |  | — |  | 960 |  |
Canada | — |  | — |  | 1 |  | 1 |  | 2,349 |  | — |  | 2,351 |  |
Chile | — |  | — |  | — |  | — |  | — |  | 979 |  | 979 |  |
Papua New Guinea | — |  | — |  | — |  | — |  | 127 |  | 10 |  | 137 |  |
Saudi Arabia | — |  | — |  | — |  | — |  | — |  | 330 |  | 330 |  |
Tanzania | — |  | — |  | — |  | — |  | — |  | 1,199 |  | 1,199 |  |
United Kingdom | — |  | — |  | — |  | — |  | — |  | 117 |  | 117 |  |
Others | 2 |  | 2 |  | 1 |  | 38 |  | 2 |  | 9 |  | 54 |  |
| $399 |  | $214 |  | $220 |  | $41 |  | $2,609 |  | $2,698 |  | $6,181 |  |
1 Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2022. Deferred Tax Assets Not Recognized
| As at December 31, 2022 | As at December 31, 2021
Argentina | $154 |  | $118 |
Australia | 306 |  | 302 |
Barbados | 53 |  | 27 |
Canada | 954 |  | 966 |
Chile | 1,084 |  | 1,059 |
Côte d'Ivoire | 6 |  | 6 |
Mali | 9 |  | 11 |
Peru | 65 |  | 79 |
Saudi Arabia | 65 |  | 71 |
Tanzania | 109 |  | 105 |
United Kingdom | 22 |  | 36 |
United States | 15 |  | — |
Others | 4 |  | 3 |
| $2,846 |  | $2,783 |
Source of Changes in Deferred Tax Balances
For the years ended December 31 | 2022 | 2021
Temporary differences |  |
Property, plant and equipment | $80 |  | ($181) |
Environmental rehabilitation | (56) |  | (97) |
Tax loss carry forwards | (23) |  | (127) |
AMT and other tax credits | (10) |  | (3) |
Inventory | 27 |  | 48 |
Other | 18 |  | 32 |
| $36 |  | ($328) |
Intraperiod allocation to: |  |
Income before income taxes | $41 |  | ($345) |
Income tax payable | (2) |  | (2) |
Other comprehensive (income) loss | (5) |  | 19 |
Other | 2 |  | — |
| $36 |  | ($328) |
Income Tax Related Contingent Liabilities
| 2022 | 2021
At January 1 | $257 |  | $266 |
Additions based on uncertain tax positions related to prior years | 1 |  | 19 |
Additions based on uncertain tax positions related to the current year | 7 |  | — |
Reductions for tax positions of prior years | (45) |  | (28) |
Reclassifications 1 | (160) |  | — |
At December 31 2 | $60 |  | $257 |
1 Following the full implementation of the Framework Agreement in Tanzania, the agreed payment obligations are shown in current and long-term income tax payables. 2 If reversed, the total amount of $60 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate.
Schedule of tax years still under examination |
Tax Years Still Under Examination
Argentina | 2010-2011, 2015-2022
Australia | 2017-2022
Canada | 2015-2022
Chile | 2015-2022
Côte d'Ivoire | 2020-2022
Democratic Republic of Congo | 2021-2022
Dominican Republic | 2015-2022
Mali | 2017-2022
Papua New Guinea | 2006-2022
Peru | 2016-2022
Saudi Arabia | 2019-2022
Tanzania | 2018-2022
United States | 2022
Zambia | 2018-2022

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