XML 120 R55.htm IDEA: XBRL DOCUMENT
v3.24.0.1

INCOME TAX EXPENSE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income tax [Abstract] |
Schedule of major components of tax expense (income) |
For the years ended December 31 | 2023 | 2022
Tax on profit |  |
Current tax |  |
Charge for the year | $694 |  | $699 |
Adjustment in respect of prior years 1 | (14) |  | 6 |
| $680 |  | $705 |
Deferred tax |  |
Origination and reversal of temporary differences in the current year | $144 |  | ($52) |
Adjustment in respect of prior years 1 | 37 |  | 11 |
| $181 |  | ($41) |
Income tax expense | $861 |  | $664 |
Tax expense related to continuing operations
Current |  |
Canada | ($3) |  | ($8) |
International | 683 |  | 713 |
| $680 |  | $705 |
Deferred |  |
Canada | $— |  | $3 |
International | 181 |  | (44) |
| $181 |  | ($41) |
Income tax expense | $861 |  | $664 |
1Includes adjustments to equalize the difference between prior year's tax return and the year-end provision.
Schedule of reconciliation to Canadian statutory rate |
Reconciliation to Canadian Statutory Rate |
For the years ended December 31 | 2023 | 2022
At 26.5% statutory rate | $746 |  | $446 |
Increase (decrease) due to: |  |
Allowances and special tax deductions 1 | (184) |  | (146) |
Impact of foreign tax rates 2 | (79) |  | (146) |
Non-deductible expenses / (non-taxable income) | 72 |  | (38) |
Goodwill impairment charges not tax deductible | — |  | 325 |
Taxable gains on sales of non-current assets | 6 |  | 1 |
Net currency translation losses on current and deferred tax balances | 289 |  | 59 |
Tax impact from pass-through entities and equity accounted investments | (183) |  | (196) |
Current year tax results sheltered by previously unrecognized deferred tax assets | (22) |  | 33 |
Recognition and derecognition of deferred tax assets | (142) |  | 15 |
Adjustments in respect of prior years | 23 |  | 17 |
Increase to income tax related contingent liabilities | 54 |  | 13 |
Impact of tax rate changes | (2) |  | — |
Withholding taxes | 61 |  | 82 |
Mining taxes | 224 |  | 201 |
Tax impact of amounts recognized within accumulated OCI | (2) |  | (7) |
Other items | — |  | 5 |
Income tax expense | $861 |  | $664 |
1 We are able to claim certain allowances, incentives and tax deductions unique to extractive industries that result in a lower effective tax rate. 2 We operate in multiple foreign tax jurisdictions that have tax rates different to the Canadian statutory rate.

X
- Definition Disclosure of major components of tax expense (income) + References No definition available. + Details
Name: | abx_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock
Namespace Prefix: | abx_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation of accounting profit multiplied by applicable tax rates and effective tax rate + References No definition available. + Details
Name: | abx_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndEffectiveTaxRateTableTextBlock
Namespace Prefix: | abx_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Income tax + References No definition available. + Details
Name: | abx_IncomeTaxAbstract
Namespace Prefix: | abx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration