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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2024
Operating segments [Abstract] |
Schedules of segment information | Consolidated Statement of Income Information
|  | Cost of Sales |  |  |  |  |
For the three months ended June 30, 2024 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $770 |  | $381 |  | $80 |  | $3 |  | $4 |  | $302 |  |  |
Cortez 2 | 385 |  | 167 |  | 57 |  | 3 |  | 1 |  | 157 |  |  |
Turquoise Ridge 2 | 268 |  | 143 |  | 42 |  | 2 |  | — |  | 81 |  |  |
Pueblo Viejo 2 | 314 |  | 150 |  | 63 |  | 1 |  | 2 |  | 98 |  |  |
Loulo-Gounkoto 2 | 404 |  | 136 |  | 62 |  | — |  | 10 |  | 196 |  |  |
Kibali | 189 |  | 71 |  | 36 |  | — |  | (2) |  | 84 |  |  |
Lumwana | 219 |  | 102 |  | 70 |  | — |  | 10 |  | 37 |  |  |
North Mara 2 | 140 |  | 76 |  | 18 |  | — |  | 3 |  | 43 |  |  |
Bulyanhulu 2 | 129 |  | 58 |  | 16 |  | — |  | 2 |  | 53 |  |  |
Other Mines 2 | 530 |  | 287 |  | 65 |  | 3 |  | 6 |  | 169 |  |  |
Reportable segment total | $3,348 |  | $1,571 |  | $509 |  | $12 |  | $36 |  | $1,220 |  |  |
Share of equity investees | (189) |  | (71) |  | (36) |  | — |  | 2 |  | (84) |  |  |
Segment total | $3,159 |  | $1,500 |  | $473 |  | $12 |  | $38 |  | $1,136 |  |  |
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 six months ended June 30, 2024 | Revenue | Site operating costs, royalties and community relations | Depreciation | Exploration, evaluation and project expenses | Other expenses (income)1 | Segment income (loss) |  |
Carlin 2 | $1,482 |  | $766 |  | $163 |  | $6 |  | $6 |  | $541 |  |  |
Cortez 2 | 798 |  | 353 |  | 132 |  | 4 |  | 3 |  | 306 |  |  |
Turquoise Ridge 2 | 479 |  | 280 |  | 79 |  | 3 |  | — |  | 117 |  |  |
Pueblo Viejo 2 | 604 |  | 298 |  | 125 |  | 2 |  | 4 |  | 175 |  |  |
Loulo-Gounkoto 2 | 765 |  | 275 |  | 129 |  | — |  | 22 |  | 339 |  |  |
Kibali | 341 |  | 129 |  | 64 |  | — |  | — |  | 148 |  |  |
Lumwana | 382 |  | 210 |  | 130 |  | — |  | 12 |  | 30 |  |  |
North Mara 2 | 254 |  | 150 |  | 36 |  | — |  | 8 |  | 60 |  |  |
Bulyanhulu 2 | 235 |  | 114 |  | 31 |  | — |  | 3 |  | 87 |  |  |
Other Mines 2 | 912 |  | 511 |  | 112 |  | 6 |  | 11 |  | 272 |  |  |
Reportable segment total | $6,252 |  | $3,086 |  | $1,001 |  | $21 |  | $69 |  | $2,075 |  |  |
Share of equity investees | (341) |  | (129) |  | (64) |  | — |  | — |  | (148) |  |  |
Segment total | $5,911 |  | $2,957 |  | $937 |  | $21 |  | $69 |  | $1,927 |  |  |
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 |  |  |
1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2024, accretion expense was $14 million (2023: $12 million) and for the six months ended June 30, 2024, accretion expense was $27 million (2023: $24 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2024 for Nevada Gold Mines $603 million, $369 million, $228 million (2023: $578 million, $390 million, $179 million), Pueblo Viejo $127 million, $84 million, $42 million (2023: $105 million, $70 million, $35 million), Loulo-Gounkoto $81 million, $40 million, $40 million (2023: $69 million, $40 million, $28 million), North Mara and Bulyanhulu $43 million, $27 million, $16 million (2023: $43 million, $26 million, $17 million), and Tongon $13 million, $10 million, $2 million (2023: $11 million, $7 million, $2 million) and for the six months ended June 30, 2024 for Nevada Gold Mines $1,175 million, $750 million, $414 million (2023: $1,083 million, $769 million, $299 million), Pueblo Viejo $245 million, $168 million, $76 million (2023: $221 million, $143 million, $77 million), Loulo-Gounkoto $153 million, $81 million, $69 million (2023: $133 million, $83 million, $50 million), North Mara and Bulyanhulu $78 million, $53 million, $24 million (2023: $86 million, $51 million, $29 million) and Tongon $21 million, $18 million, $3 million (2023: $22 million, $16 million, $5 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
| 2024 | 2023 | 2024 | 2023
Segment income | $1,136 |  | $828 |  | $1,927 |  | $1,451 |
Other revenue | 3 |  | 12 |  | (2) |  | 19 |
Other cost of sales/amortization | (6) |  | (10) |  | (21) |  | (22) |
Exploration, evaluation and project expenses not attributable to segments | (85) |  | (72) |  | (171) |  | (122) |
General and administrative expenses | (32) |  | (28) |  | (60) |  | (67) |
Other income (expense) not attributable to segments | (56) |  | 6 |  | (55) |  | 4 |
Impairment charges | (1) |  | (22) |  | (18) |  | (23) |
Loss (gain) on currency translation | (5) |  | 12 |  | (17) |  | (26) |
Closed mine rehabilitation | 9 |  | 13 |  | 11 |  | (9) |
Income from equity investees | 115 |  | 58 |  | 163 |  | 111 |
Finance costs, net (includes non-segment accretion) | (37) |  | (32) |  | (55) |  | (78) |
Gain on non-hedge derivatives | — |  | 1 |  | — |  | 2 |
Income before income taxes | $1,041 |  | $766 |  | $1,702 |  | $1,240 |
Capital Expenditures Information | Segment capital expenditures 1
| For the three months ended June 30 | For the six months ended June 30
| 2024 | 2023 | 2024 | 2023
Carlin | $226 |  | $143 |  | $429 |  | $263 |
Cortez | 99 |  | 115 |  | 193 |  | 201 |
Turquoise Ridge | 26 |  | 23 |  | 56 |  | 50 |
Pueblo Viejo | 93 |  | 119 |  | 150 |  | 246 |
Loulo-Gounkoto | 100 |  | 91 |  | 174 |  | 195 |
Kibali | 36 |  | 25 |  | 61 |  | 44 |
Lumwana | 114 |  | 72 |  | 193 |  | 124 |
North Mara | 27 |  | 45 |  | 71 |  | 85 |
Bulyanhulu | 30 |  | 23 |  | 61 |  | 43 |
Other Mines | 64 |  | 54 |  | 114 |  | 115 |
Reportable segment total | $815 |  | $710 |  | $1,502 |  | $1,366 |
Other items not allocated to segments | 46 |  | 92 |  | 78 |  | 133 |
Total | $861 |  | $802 |  | $1,580 |  | $1,499 |
Share of equity investees | (36) |  | (25) |  | (61) |  | (44) |
Total | $825 |  | $777 |  | $1,519 |  | $1,455 |
1Segment 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, 2024, cash expenditures were $819 million (2023: $769 million) and the increase in accrued expenditures was $6 million (2023: $8 million increase). For the six months ended June 30, 2024, cash expenditures were $1,547 million (2023: $1,457 million) and the decrease in accrued expenditures was $28 million (2023: $2 million decrease).

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