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INVENTORIES, INCLUDING LONG-TERM MILL AND LEACH STOCKPILES (Tables)
12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Schedule of Inventory, Noncurrent
The components of inventories follow:
 
December 31,
 
 
2016
 
2015
 
Current inventories:
 
 
 
 
Total materials and supplies, neta
$
1,306

 
$
1,575

 
 
 
 
 
 
Mill stockpiles
$
259

 
$
137

 
Leach stockpiles
1,079

 
1,402

 
Total current mill and leach stockpiles
$
1,338

 
$
1,539

 
 
 
 
 
 
Raw materials (primarily concentrate)
$
255

 
$
220

 
Work-in-process
114

 
108

 
Finished goods
629

 
633

 
Total product inventories
$
998

 
$
961

 
 
 
 
 
 
Long-term inventories:
 
 
 
 
Mill stockpiles
$
487

 
$
480

 
Leach stockpiles
1,146

 
1,183

 
Total long-term inventoriesb
$
1,633

 
$
1,663

 

a.
Materials and supplies inventory was net of obsolescence reserves totaling $29 million at December 31, 2016, and $26 million at December 31, 2015.
b.
Estimated metals in stockpiles not expected to be recovered within the next 12 months.
Components of Inventories
The components of inventories follow:
 
December 31,
 
 
2016
 
2015
 
Current inventories:
 
 
 
 
Total materials and supplies, neta
$
1,306

 
$
1,575

 
 
 
 
 
 
Mill stockpiles
$
259

 
$
137

 
Leach stockpiles
1,079

 
1,402

 
Total current mill and leach stockpiles
$
1,338

 
$
1,539

 
 
 
 
 
 
Raw materials (primarily concentrate)
$
255

 
$
220

 
Work-in-process
114

 
108

 
Finished goods
629

 
633

 
Total product inventories
$
998

 
$
961

 
 
 
 
 
 
Long-term inventories:
 
 
 
 
Mill stockpiles
$
487

 
$
480

 
Leach stockpiles
1,146

 
1,183

 
Total long-term inventoriesb
$
1,633

 
$
1,663

 

a.
Materials and supplies inventory was net of obsolescence reserves totaling $29 million at December 31, 2016, and $26 million at December 31, 2015.
b.
Estimated metals in stockpiles not expected to be recovered within the next 12 months.