PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2022

Property, plant and equipment [abstract]

Schedules of property, plant and equipment


	Buildings, plant and equipment1	Mining property costs subject to depreciation2,4	Mining property costs not subject to depreciation2,3	Total
At January 1, 2022
Net of accumulated depreciation	$6,536	$14,485	$3,933	$24,954
Additions5	30	(139)	2,977	2,868
Capitalized interest	—	—	29	29
Acquisitions6	—	—	744	744

Disposals	(4)	(1)	—	(5)
Depreciation	(966)	(1,229)	—	(2,195)
Impairment charges	(120)	(442)	(12)	(574)
Transfers7	1,273	1,326	(2,599)	—

At December 31, 2022	$6,749	$14,000	$5,072	$25,821

At December 31, 2022
Cost	$18,469	$33,046	$17,027	$68,542
Accumulated depreciation and impairments	(11,720)	(19,046)	(11,955)	(42,721)
Net carrying amount – December 31, 2022	$6,749	$14,000	$5,072	$25,821




	Buildings, plant and equipment1	Mining property costs subject to depreciation2,4	Mining property costs not subject to depreciation2,3	Total
At January 1, 2021
Cost	$18,361	$29,901	$15,531	$63,793
Accumulated depreciation and impairments	(10,888)	(16,332)	(11,945)	(39,165)
Net carrying amount – January 1, 2021	$7,473	$13,569	$3,586	$24,628
Additions5	23	154	2,366	2,543
Capitalized interest	—	—	16	16

Divestiture	(50)	(2)	(1)	(53)
Disposals	(7)	(1)	(10)	(18)
Depreciation	(1,139)	(1,053)	—	(2,192)
Impairment reversals (charges)	42	(13)	1	30
Transfers7	194	1,831	(2,025)	—

At December 31, 2021	$6,536	$14,485	$3,933	$24,954

At December 31, 2021
Cost	$17,237	$31,824	$15,876	$64,937
Accumulated depreciation and impairments	(10,701)	(17,339)	(11,943)	(39,983)
Net carrying amount – December 31, 2021	$6,536	$14,485	$3,933	$24,954

1Additions include $30 million of right-of-use assets for lease arrangements entered into during the year ended December 31, 2022 (2021: $22 million). Depreciation includes depreciation for leased right-of-use assets of $20 million for the year ended December 31, 2022 (2021: $18 million). The net carrying amount of leased right-of-use assets was $61 million as at December 31, 2022 (2021: $53 million).

2Includes capitalized reserve acquisition costs, capitalized development costs and capitalized exploration and evaluation costs other than exploration license costs included in intangible assets.

3Assets not subject to depreciation include construction-in-progress, projects and acquired mineral resources and exploration potential at operating minesites and development projects.

4Assets subject to depreciation include the following items for production stage properties: acquired mineral reserves and resources, capitalized mine development costs, capitalized stripping and capitalized exploration and evaluation costs.

5Additions include revisions to the capitalized cost of closure and rehabilitation activities.

6Relates to the Reko Diq reconstitution. Refer to note 4 for further information.

7Primarily relates to non-current assets that are transferred between categories within PP&E once they are placed into service.

Mining Property Costs Not Subject to Depreciation


	Carrying amount at Dec. 31, 2022	Carrying amount at Dec. 31, 2021
Construction-in-progress1	$2,553	$2,114
Acquired mineral resources and exploration potential	139	165
Projects
Pascua-Lama	727	780
Norte Abierto	670	662
Reko Diq	744	—
Donlin Gold	239	212
	$5,072	$3,933

1Represents assets under construction at our operating minesites.