Document_and_Entity_Informatio
Document and Entity Information | 12 Months Ended |
Dec. 31, 2013 | |
Document And Entity Information [Abstract] | ' |
Document Type | '8-K |
Amendment Flag | 'false |
Document Period End Date | 31-Dec-13 |
Trading Symbol | 'NEM |
Entity Registrant Name | 'NEWMONT MINING CORP /DE/ |
Entity Central Index Key | '0001164727 |
Statements_of_Consolidated_Ope
Statements of Consolidated Operations (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||
Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Sales | $2,188 | $2,020 | $2,018 | $2,188 | $2,503 | $2,505 | $2,250 | $2,706 | $4,206 | $6,226 | $8,414 | $9,964 | $10,441 | |||||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Costs applicable to sales | 1,482 | 1,078 | 1,682 | 1,057 | ' | ' | ' | ' | 2,739 | 3,816 | 5,299 | [1] | 4,334 | [1] | 3,973 | [1] | ||||||||||
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | 1,362 | 1,032 | 1,036 | |||||||||||||
Reclamation and remediation | 25 | 20 | 18 | 18 | ' | ' | ' | ' | 36 | 56 | 81 | 96 | 120 | |||||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 247 | 356 | 350 | |||||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 222 | 348 | 373 | |||||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 203 | 212 | 198 | |||||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,352 | 52 | 2,084 | |||||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300 | 449 | 265 | |||||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,066 | 6,879 | 8,399 | |||||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 349 | 278 | 12 | |||||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -303 | -249 | -244 | |||||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 29 | -232 | |||||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,606 | [2] | 3,114 | 1,810 | [3] | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 755 | -876 | -747 | |||||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5 | -51 | 11 | |||||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,856 | 2,187 | 1,074 | |||||||||||||
Income (loss) from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61 | -76 | -136 | |||||||||||||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,795 | 2,111 | 938 | |||||||||||||
Net loss (income) attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 261 | -309 | -606 | |||||||||||||
Net income (loss) attributable to Newmont stockholders | -1,187 | [4] | 398 | [4] | -2,059 | [4] | 314 | [4] | 666 | [4] | 368 | [4] | 280 | [4] | 488 | [4] | -1,745 | -1,347 | -2,534 | 1,802 | 332 | |||||
Net income (loss) attributable to Newmont stockholders: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Continuing operations | -1,195 | [4] | 419 | [4] | -2,133 | [4] | 314 | [4] | 638 | [4] | 401 | [4] | 280 | [4] | 559 | [4] | -1,819 | [4] | -1,400 | [4] | -2,595 | 1,878 | 468 | |||
Discontinued operations | 8 | [4] | -21 | [4] | 74 | [4] | ' | 28 | [4] | -33 | [4] | ' | -71 | [4] | 74 | [4] | 53 | [4] | 61 | -76 | -136 | |||||
Net income (loss) attributable to Newmont common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($2,534) | $1,802 | $332 | |||||||||||||
Income (loss) per common share, basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Continuing operations | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.82 | $0.56 | $1.13 | ($3.66) | ($2.82) | ($5.21) | $3.79 | $0.95 | |||||||||||||
Discontinued operations | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.28) | |||||||||||||
Earnings per share basic | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.75 | $0.56 | $0.99 | ($3.51) | ($2.71) | ($5.09) | $3.64 | $0.67 | |||||||||||||
Income (loss) per common share, diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Continuing operations | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.81 | $0.56 | $1.11 | ($3.66) | ($2.82) | ($5.21) | $3.76 | $0.93 | |||||||||||||
Discontinued operations | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.27) | |||||||||||||
Earnings per share diluted | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.74 | $0.56 | $0.97 | ($3.51) | ($2.71) | ($5.09) | $3.61 | $0.66 | |||||||||||||
Cash dividends declared per common share | $0.20 | $0.25 | $0.35 | $0.43 | $0.35 | $0.35 | $0.35 | $0.35 | ' | ' | $1.23 | $1.40 | $1 | |||||||||||||
[1] | Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||
[2] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | |||||||||||||||||||||||||
[3] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | |||||||||||||||||||||||||
[4] | Attributable to Newmont stockholders. |
Statements_of_Consolidated_Ope1
Statements of Consolidated Operations (Parenthetical) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Capitalized interest | $88 | $107 | $52 |
Statements_of_Consolidated_Com
Statements of Consolidated Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Net income (loss) | ($2,795) | $2,111 | $938 |
Other comprehensive income (loss): | ' | ' | ' |
Unrealized gain (loss) on marketable securities, net of tax | -577 | -164 | -195 |
Foreign currency translation adjustments | -31 | 14 | 8 |
Change in pension and other post-retirement benefits, net of tax benefit (expense) | ' | ' | ' |
Net change from periodic revaluations | 149 | -72 | -76 |
Net amount reclassified to income | 3 | 21 | 16 |
Net unrecognized gain (loss) on pension and other post-retirement benefits | 152 | -51 | -60 |
Change in fair value of cash flow hedge instruments, net of tax benefit (expense) | ' | ' | ' |
Net change from periodic revaluations | -167 | 149 | -73 |
Net amount reclassified to income | -48 | -109 | -136 |
Net unrecognized gain (loss) on derivatives | -215 | 40 | -209 |
Other comprehensive income (loss) | -671 | -161 | -456 |
Comprehensive income (loss) | -3,466 | 1,950 | 482 |
Comprehensive income (loss) attributable to: | ' | ' | ' |
Newmont stockholders | -3,206 | 1,640 | -124 |
Noncontrolling interests | -260 | 310 | 606 |
Comprehensive income (loss) | ($3,466) | $1,950 | $482 |
Statements_of_Consolidated_Com1
Statements of Consolidated Comprehensive Income (Loss) (Parenthetical) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Other comprehensive income unrealized holding gain (loss) on securities arising during period tax | $57 | $25 | $41 |
Other Comprehensive Income (Loss) Pension And Other Post Retirement Benefit Plans Tax | -85 | 30 | 32 |
Other comprehensive income (loss) derivatives qualifying as hedges tax | $116 | ($36) | $168 |
Statements_of_Consolidated_Cas
Statements of Consolidated Cash Flows (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating activities: | ' | ' | ' |
Net income (loss) | ($2,795) | $2,111 | $938 |
Adjustments: | ' | ' | ' |
Amortization | 1,362 | 1,032 | 1,036 |
Stock based compensation and other non-cash benefits | 64 | 72 | 79 |
Reclamation and remediation | 81 | 96 | 101 |
Revaluation of contingent consideration | -18 | 12 | 1 |
Loss (income) from discontinued operations | -61 | 76 | 136 |
Write-downs | 4,352 | 52 | 2,084 |
Impairment of marketable securities | 105 | 47 | 180 |
Deferred income taxes | -1,256 | 22 | -637 |
Gain on asset and investment sales, net | -286 | -107 | -81 |
Other operating adjustments and write-downs | 1,099 | 48 | 65 |
Net change in operating assets and liabilities | -1,086 | -1,073 | -311 |
Net cash provided from (used in) continuing operations | 1,561 | 2,388 | 3,591 |
Net cash used in discontinued operations | -18 | -16 | -7 |
Net cash provided from operations | 1,543 | 2,372 | 3,584 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -1,900 | -3,210 | -2,787 |
Acquisitions, net | -13 | -25 | -2,309 |
Sale of marketable securities | 589 | 210 | 81 |
Purchases of marketable securities | -1 | -220 | -21 |
Proceeds from sale of other assets | 63 | 41 | 9 |
Other | -51 | -60 | -40 |
Net cash used in investing activities | -1,313 | -3,264 | -5,067 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 1,538 | 3,524 | 2,011 |
Repayment of debt | -1,150 | -1,976 | -2,273 |
Payment of conversion premium on debt | ' | -172 | ' |
Proceeds from stock issuance, net | 2 | 24 | 40 |
Sale of noncontrolling interests | 32 | ' | ' |
Acquisition of noncontrolling interests | -17 | -10 | ' |
Dividends paid to noncontrolling interests | -2 | -3 | -117 |
Dividends paid to common stockholders | -610 | -695 | -494 |
Other | -5 | -3 | -21 |
Net cash provided from (used in) financing activities | -212 | 689 | -854 |
Effect of exchange rate changes on cash | -24 | 4 | 41 |
Net change in cash and cash equivalents | -6 | -199 | -2,296 |
Cash and cash equivalents at beginning of period | 1,561 | 1,760 | 4,056 |
Cash and cash equivalents at end of period | $1,555 | $1,561 | $1,760 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $1,555 | $1,561 |
Trade receivables | 230 | 283 |
Accounts receivable | 252 | 577 |
Investments | 78 | 86 |
Inventories | 717 | 796 |
Stockpiles and ore on leach pads | 805 | 786 |
Deferred income tax assets | 246 | 195 |
Other current assets | 1,006 | 1,661 |
Current assets | 4,889 | 5,945 |
Property, plant and mine development, net | 14,277 | 18,010 |
Investments | 439 | 1,446 |
Stockpiles and ore on leach pads | 2,680 | 2,896 |
Deferred income tax assets | 1,478 | 404 |
Other long-term assets | 844 | 872 |
Total assets | 24,607 | 29,573 |
LIABILITIES | ' | ' |
Debt | 595 | 10 |
Accounts payable | 478 | 657 |
Employee-related benefits | 341 | 339 |
Income and mining taxes | 13 | 51 |
Other current liabilities | 1,313 | 2,084 |
Current liabilities | 2,740 | 3,141 |
Debt | 6,145 | 6,288 |
Reclamation and remediation liabilities | 1,513 | 1,457 |
Deferred income tax liabilities | 635 | 858 |
Employee-related benefits | 323 | 586 |
Other long-term liabilities | 342 | 372 |
Total liabilities | 11,698 | 12,702 |
Commitments and contingencies | ' | ' |
Equity | ' | ' |
Common stock | 789 | 787 |
Additional paid-in capital | 8,538 | 8,427 |
Accumulated other comprehensive income (loss) | -182 | 490 |
Retained earnings | 848 | 3,992 |
Newmont stockholders' equity | 9,993 | 13,696 |
Noncontrolling interests | 2,916 | 3,175 |
Total equity | 12,909 | 16,871 |
Total liabilities and equity | $24,607 | $29,573 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Common stock, par value | $1.60 | $1.60 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 493,000,000 | 492,000,000 |
Treasury shares | 322,000 | 277,000 |
Exchangeable common stock, shares issued | 56,000,000 | 56,000,000 |
Exchangeable common stock, shares redeemed | 51,000,000 | 51,000,000 |
Statements_of_Consolidated_Cha
Statements of Consolidated Changes in Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated other comprehensive (loss) income [Member] | Retained Earnings [Member] | Noncontrolling interests [Member] |
In Millions, unless otherwise specified | ||||||
Beginning balance at Dec. 31, 2010 | $15,680 | $778 | $8,376 | $1,108 | $3,047 | $2,371 |
Beginning balance, shares at Dec. 31, 2010 | ' | 493 | ' | ' | ' | ' |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Net income (loss) | 938 | ' | ' | ' | 332 | 606 |
Other comprehensive income (loss) | -456 | ' | ' | -456 | ' | ' |
Dividends paid | -596 | ' | ' | ' | -494 | -102 |
Stock based awards and related share issuances | 135 | 3 | 132 | ' | ' | ' |
Stock based awards and related share issuances, shares | ' | 2 | ' | ' | ' | ' |
Shares issued in exchange for exchangeable shares | ' | 3 | -3 | ' | ' | ' |
Ending balance at Dec. 31, 2011 | 15,701 | 784 | 8,505 | 652 | 2,885 | 2,875 |
Ending balance, shares at Dec. 31, 2011 | ' | 495 | ' | ' | ' | ' |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Net income (loss) | 2,111 | ' | ' | ' | 1,802 | 309 |
Other comprehensive income (loss) | -161 | ' | ' | -162 | ' | 1 |
Dividends paid | -695 | ' | ' | ' | -695 | ' |
Conversion premium on convertible notes | -172 | ' | -172 | ' | ' | ' |
Acquisition of noncontrolling interests | -10 | ' | ' | ' | ' | -10 |
Stock based awards and related share issuances | 98 | 3 | 95 | ' | ' | ' |
Stock based awards and related share issuances, shares | ' | 2 | ' | ' | ' | ' |
Shares issued in exchange for exchangeable shares | -1 | ' | -1 | ' | ' | ' |
Ending balance at Dec. 31, 2012 | 16,871 | 787 | 8,427 | 490 | 3,992 | 3,175 |
Ending balance, shares at Dec. 31, 2012 | ' | 497 | ' | ' | ' | ' |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Net income (loss) | -2,795 | ' | ' | ' | -2,534 | -261 |
Other comprehensive income (loss) | -671 | ' | ' | -672 | ' | 1 |
Dividends paid | -612 | ' | ' | ' | -610 | -2 |
Sale of noncontrolling interests, net | 51 | ' | 48 | ' | ' | 3 |
Stock based awards and related share issuances | 65 | 2 | 63 | ' | ' | ' |
Stock based awards and related share issuances, shares | ' | 1 | ' | ' | ' | ' |
Ending balance at Dec. 31, 2013 | $12,909 | $789 | $8,538 | ($182) | $848 | $2,916 |
Ending balance, shares at Dec. 31, 2013 | ' | 498 | ' | ' | ' | ' |
THE_COMPANY
THE COMPANY | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
THE COMPANY | ' | |
NOTE 1 | THE COMPANY | |
Newmont Mining Corporation and its affiliates and subsidiaries (collectively, “Newmont” or the “Company”) predominantly operates in the mining industry, focused on the production of and exploration for gold and copper. The Company has significant assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. The cash flow and profitability of the Company’s operations are significantly affected by the market price of gold, and to a lesser extent, copper. The prices of gold and copper are affected by numerous factors beyond the Company’s control. | ||
References to “A$” refers to Australian currency, “C$” to Canadian currency and “NZ$” to New Zealand currency. |
REVISION_OF_FINANCIAL_STATEMEN
REVISION OF FINANCIAL STATEMENTS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Changes And Error Corrections [Abstract] | ' | ||||||||||||||||
REVISION OF FINANCIAL STATEMENTS | ' | ||||||||||||||||
NOTE 2 | REVISION OF FINANCIAL STATEMENTS | ||||||||||||||||
Certain amounts in prior years have been reclassified to conform to the updated segment presentation (see Note 4). Reclassifications are related to a change in our reportable segments, and include a change from by-product accounting for our Phoenix segment to co-product accounting. | |||||||||||||||||
In March 2014, we completed a review of our deferred tax and stockpile balances that resulted in the identification of certain errors in these accounts. We determined our deferred tax assets related to certain foreign subsidiaries and Yanacocha stockpiles were overstated by $143 and $21 ($14 net of tax) at December 31, 2013, respectively. The overstatement of our deferred tax assets is the cumulative effect of the incorrect application of our policy with respect to unborn foreign tax credits relating to foreign subsidiaries since 2005. The impact of this error resulted in an adjustment to the opening balances of Newmont stockholders equity of $36 at January 1, 2011. We have assessed the materiality of these misstatements in accordance with the Securities and Exchange Commission’s Staff Accounting Bulletin (“SAB”) No. 99 and concluded that these errors are not material to our previously issued consolidated financial statements. Accordingly, by reference to SAB No. 108, our previously issued consolidated financial statements have been revised as follows: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 8,322 | $ | 92 | $ | — | $ | 8,414 | |||||||||
Costs applicable to sales | 5,186 | 92 | 21 | 5,299 | |||||||||||||
Income (loss) before income and mining tax and other items | (3,585 | ) | — | (21 | ) | (3,606 | ) | ||||||||||
Income and mining tax benefit (expense) | 813 | — | (58 | ) | 755 | ||||||||||||
Net income (loss) | (2,716 | ) | — | (79 | ) | (2,795 | ) | ||||||||||
Net loss (income) attributable to noncontrolling interests | 254 | — | 7 | 261 | |||||||||||||
Net income (loss) attributable to Newmont stockholders | (2,462 | ) | — | (72 | ) | (2,534 | ) | ||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | (4.94 | ) | $ | — | $ | (0.15 | ) | $ | (5.09 | ) | ||||||
Diluted | $ | (4.94 | ) | $ | — | $ | (0.15 | ) | $ | (5.09 | ) | ||||||
Year Ended December 31, 2012 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 9,868 | $ | 96 | $ | — | $ | 9,964 | |||||||||
Costs applicable to sales | 4,238 | 96 | — | 4,334 | |||||||||||||
Income (loss) before income and mining tax and other items | 3,114 | — | — | 3,114 | |||||||||||||
Income and mining tax benefit (expense) | (869 | ) | — | (7 | ) | (876 | ) | ||||||||||
Net income (loss) | 2,118 | — | (7 | ) | 2,111 | ||||||||||||
Net income (loss) attributable to Newmont stockholders | 1,809 | — | (7 | ) | 1,802 | ||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | 3.65 | $ | — | $ | (0.01 | ) | $ | 3.64 | ||||||||
Diluted | $ | 3.63 | $ | — | $ | (0.02 | ) | $ | 3.61 | ||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 10,358 | $ | 83 | $ | — | $ | 10,441 | |||||||||
Costs applicable to sales | 3,890 | 83 | — | 3,973 | |||||||||||||
Income (loss) before income and mining tax and other items | 1,810 | — | — | 1,810 | |||||||||||||
Income and mining tax benefit (expense) | (713 | ) | — | (34 | ) | (747 | ) | ||||||||||
Net income (loss) | 972 | — | (34 | ) | 938 | ||||||||||||
Net income (loss) attributable to Newmont stockholders | 366 | — | (34 | ) | 332 | ||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | 0.74 | $ | — | $ | (0.07 | ) | $ | 0.67 | ||||||||
Diluted | $ | 0.73 | $ | — | $ | (0.07 | ) | $ | 0.66 | ||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | (2,716 | ) | $ | (79 | ) | $ | (2,795 | ) | ||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | (1,314 | ) | 58 | (1,256 | ) | ||||||||||||
Net changes in operating assets and liabilities | (1,107 | ) | 21 | (1,086 | ) | ||||||||||||
Net cash provided from continuing operations | 1,561 | — | 1,561 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | 2,118 | $ | (7 | ) | $ | 2,111 | ||||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | 15 | 7 | 22 | ||||||||||||||
Net cash provided from continuing operations | 2,388 | — | 2,388 | ||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | 972 | $ | (34 | ) | $ | 938 | ||||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | (671 | ) | 34 | (637 | ) | ||||||||||||
Net cash provided from continuing operations | 3,591 | — | 3,591 | ||||||||||||||
At December 31, 2013 | |||||||||||||||||
Consolidated Balance Sheet | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Stockpiles and ore on leach pads(2) | $ | 3,506 | $ | (21 | ) | $ | 3,485 | ||||||||||
Deferred income tax assets(3) | 1,860 | (136 | ) | 1,724 | |||||||||||||
Total Assets | 24,764 | (157 | ) | 24,607 | |||||||||||||
Employee-related benefits | 325 | (2 | ) | 323 | |||||||||||||
Total liabilities | 11,700 | (2 | ) | 11,698 | |||||||||||||
Additional paid-in capital | 8,441 | 97 | 8,538 | ||||||||||||||
Retained earnings | 1,093 | (245 | ) | 848 | |||||||||||||
Newmont stockholders’ equity | 10,141 | (148 | ) | 9,993 | |||||||||||||
Noncontrolling interests | 2,923 | (7 | ) | 2,916 | |||||||||||||
Total equity | 13,064 | (155 | ) | 12,909 | |||||||||||||
Total liabilities and equity | 24,764 | (157 | ) | 24,607 | |||||||||||||
At December 31, 2012 | |||||||||||||||||
Consolidated Balance Sheet | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Deferred income tax assets(3) | 676 | (77 | ) | 599 | |||||||||||||
Total Assets | 29,650 | (77 | ) | 29,573 | |||||||||||||
Additional paid-in capital | 8,330 | 97 | 8,427 | ||||||||||||||
Retained earnings | 4,166 | (174 | ) | 3,992 | |||||||||||||
Newmont stockholders’ equity | 13,773 | (77 | ) | 13,696 | |||||||||||||
Total equity | 16,948 | (77 | ) | 16,871 | |||||||||||||
Total liabilities and equity | 29,650 | (77 | ) | 29,573 | |||||||||||||
(1) | Refer to Note 4 for information on the segment reclassifications. | ||||||||||||||||
(2) | Includes current and noncurrent stockpiles and ore on leach pads. | ||||||||||||||||
(3) | Includes current and noncurrent deferred tax assets. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | |
NOTE 3 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Use of Estimates | ||
The Company’s Consolidated Financial Statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). The preparation of the Company’s Consolidated Financial Statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to mineral reserves that are the basis for future cash flow estimates utilized in impairment calculations and units-of-production amortization calculations; environmental, reclamation and closure obligations; estimates of recoverable gold and other minerals in stockpile and leach pad inventories; estimates of fair value for certain reporting units and asset impairments (including impairments of goodwill, long-lived assets and investments); write-downs of inventory, stockpiles and ore on leach pads to net realizable value; post-employment, post-retirement and other employee benefit liabilities; valuation allowances for deferred tax assets; reserves for contingencies and litigation; and the fair value and accounting treatment of financial instruments including marketable securities and derivative instruments. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results will differ from these amounts estimated in these financial statements. | ||
Principles of Consolidation | ||
The Consolidated Financial Statements include the accounts of Newmont Mining Corporation and the more-than-50%-owned subsidiaries that it controls and entities over which control is achieved through means other than voting rights. The Company also includes its pro-rata share of assets, liabilities and operations for unincorporated joint ventures in which it has an interest. All significant intercompany balances and transactions have been eliminated. The functional currency for the majority of the Company’s operations, including the Australian operations, is the U.S. dollar. | ||
The Company follows FASB Accounting Standards Codification (“ASC”) guidance for identification and reporting of entities over which control is achieved through means other than voting rights. The guidance defines such entities as Variable Interest Entities (“VIEs”). The Company has identified VIEs in connection with our interests in PT Newmont Nusa Tenggara (“PTNNT” or “Batu Hijau”) due to certain funding arrangements and shareholder commitments. The Company has financing arrangements with PT Pukuafu Indah (“PTPI”) and PT Indonesia Masbaga Investama (“PTIMI”), unrelated noncontrolling shareholders of PTNNT, whereby the Company agreed to advance certain funds to them in exchange for (i) a pledge of their combined 20% share of PTNNT, (ii) an assignment of dividends payable on the shares, net of withholding tax, (iii) a commitment from them to support the application of our standards to the operation of Batu Hijau and (iv) as of September 16, 2011 in respect of PTPI only, powers of attorney to vote and sell PTNNT shares in support of the pledge, enforceable in an event of default as further security for the funding. The Company has determined itself to be the primary beneficiary of these entities, controls the operations of Batu Hijau and has the obligation to absorb losses and the right to receive benefits that are significant to PTNNT. Therefore, the Company consolidates PTNNT in its financial statements. | ||
On March 12, 2013, Newmont completed the sale of the Hope Bay Project to TMAC Resources Inc. (“TMAC”). At December 31, 2013, Newmont held a 49.9% voting interest in TMAC and an economic interest of 70.4%. The Company has made available a CAD $15 credit facility due June 2014 which was drawn down in December 2013. Newmont has identified TMAC as a Variable Interest Entity (“VIE”) under FASB Accounting Standards Codification (“ASC”)—Consolidation guidance. Based upon the ASC guidance for VIEs, and the ownership structure, Newmont has determined that it has a controlling financial interest in TMAC and is therefore the primary beneficiary. As such, Newmont consolidated TMAC in its consolidated financial statements. TMAC has indicated that they anticipate raising funds at an undetermined date through an initial public offering (“IPO”). Should such an IPO occur, which there can be no assurance of such offering occurring, it is expected that Newmont’s ownership will be reduced and Newmont would reevaluate whether or not it is still required to consolidate TMAC under the applicable ASC guidance. | ||
Cash and Cash Equivalents | ||
Cash and cash equivalents consist of all cash balances and highly liquid investments with an original maturity of three months or less. Because of the short maturity of these investments, the carrying amounts approximate their fair value. Cash and cash equivalents are invested in United States Treasury securities and money market securities. Restricted cash is excluded from cash and cash equivalents and is included in other current and long-term assets. | ||
Investments | ||
Management determines the appropriate classification of its investments in equity securities at the time of purchase and reevaluates such determinations at each reporting date. Investments in incorporated entities in which the Company’s ownership is greater than 20% and less than 50%, or which the Company does not control through majority ownership or means other than voting rights, are accounted for by the equity method and are included in long-term assets. The Company accounts for its marketable security investments as available for sale securities in accordance with ASC guidance on accounting for certain investments in debt and equity securities. The Company periodically evaluates whether declines in fair values of its investments below the Company’s carrying value are other-than-temporary in accordance with ASC guidance. The Company’s policy is to generally treat a decline in the investment’s quoted market value that has lasted continuously for more than six months as an other-than-temporary decline in value. The Company also monitors its investments for events or changes in circumstances that have occurred that may have a significant adverse effect on the fair value of the investment and evaluates qualitative and quantitative factors regarding the severity and duration of the unrealized loss and the Company’s ability to hold the investment until a forecasted recovery occurs to determine if the decline in value of an investment is other-than-temporary. Declines in fair value below the Company’s carrying value deemed to be other-than-temporary are charged to earnings. | ||
Stockpiles, Ore on Leach Pads and Inventories | ||
As described below, costs that are incurred in or benefit the productive process are accumulated as stockpiles, ore on leach pads and inventories. Stockpiles, ore on leach pads and inventories are carried at the lower of average cost or net realizable value. Net realizable value represents the estimated future sales price of the product based on current and long-term metals prices, less the estimated costs to complete production and bring the product to sale. Write-downs of stockpiles, ore on leach pads and inventories to net realizable value are reported as a component of Costs applicable to sales andAmortization. The current portion of stockpiles, ore on leach pads and inventories is determined based on the expected amounts to be processed within the next 12 months. Stockpiles, ore on leach pads and inventories not expected to be processed within the next 12 months are classified as long-term. The major classifications are as follows: | ||
Stockpiles | ||
Stockpiles represent ore that has been extracted from the mine and is available for further processing. Stockpiles are measured by estimating the number of tons added and removed from the stockpile, the number of contained ounces or pounds (based on assay data) and the estimated metallurgical recovery rates (based on the expected processing method). Stockpile ore tonnages are verified by periodic surveys. Costs are allocated to stockpiles based on current mining costs incurred including applicable overhead and amortization relating to mining operations, and removed at each stockpile’s average cost per recoverable unit. | ||
Ore on Leach Pads | ||
The recovery of gold from certain gold oxide ores is achieved through the heap leaching process. Under this method, oxide ore is placed on leach pads where it is treated with a chemical solution, which dissolves the gold contained in the ore. The resulting gold-bearing solution is further processed in a plant where the gold is recovered. Costs are added to ore on leach pads based on current mining costs, including applicable amortization relating to mining operations. Costs are removed from ore on leach pads as ounces are recovered based on the average cost per estimated recoverable ounce of gold on the leach pad. | ||
The estimates of recoverable gold on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tons added to the leach pads), the grade of ore placed on the leach pads (based on assay data) and a recovery percentage (based on ore type). In general, leach pads recover between 50% and 95% of the recoverable ounces in the first year of leaching, declining each year thereafter until the leaching process is complete. | ||
Although the quantities of recoverable gold placed on the leach pads are reconciled by comparing the grades of ore placed on pads to the quantities of gold actually recovered (metallurgical balancing), the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. As a result, the metallurgical balancing process is constantly monitored and estimates are refined based on actual results over time. Historically, the Company’s operating results have not been materially impacted by variations between the estimated and actual recoverable quantities of gold on its leach pads. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. | ||
In-process Inventory | ||
In-process inventories represent materials that are currently in the process of being converted to a saleable product. Conversion processes vary depending on the nature of the ore and the specific processing facility, but include mill in-circuit, flotation, leach and carbon-in-leach in circuits. In-process material is measured based on assays of the material fed into the process and the projected recoveries of the respective plants. In-process inventories are valued at the average cost of the material fed into the process attributable to the source material coming from the mines, stockpiles and/or leach pads plus the in-process conversion costs, including applicable amortization relating to the process facilities incurred to that point in the process. | ||
Precious Metals Inventory | ||
Precious metals inventories include gold doré and/or gold bullion. Precious metals that result from the Company’s mining and processing activities are valued at the average cost of the respective in-process inventories incurred prior to the refining process, plus applicable refining costs. | ||
Copper Cathode Inventory | ||
Copper heap leaching is performed on copper oxide ore and enriched copper sulphide ore to produce copper cathodes. Heap leaching is accomplished by stacking uncrushed ore onto synthetically lined pads where it is contacted with a dilute sulphuric acid solution thus leaching the acid soluble minerals into a copper sulphate solution. The copper sulphate solution is then collected and pumped to the solvent extraction (“SX”) plant. The SX process consists of two steps. During the first step, the copper is extracted into an organic solvent solution. The loaded organic solution is then pumped to the second step where copper is stripped with a strong acid solution before being sent through the electrowinning process. Cathodes produced in electrowinning are 99.99% copper. | ||
Copper cathode is produced at our Phoenix operations by solution extraction and electrowinning (SX/EW). The inventory is valued at the average cost to produce the cathode or net realizable value. | ||
Concentrate Inventory | ||
Concentrate inventories represent copper and gold concentrate available for shipment or in transit for further processing when the sales process has not been completed. The Company values concentrate inventory at the average cost, including an allocable portion of support costs and amortization. Costs are added and removed to the concentrate inventory based on metal in the concentrate and are valued at the lower of average cost or net realizable value. | ||
Materials and Supplies | ||
Materials and supplies are valued at the lower of average cost or net realizable value. Cost includes applicable taxes and freight. | ||
Property, Plant and Mine Development | ||
Facilities and equipment | ||
Expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. The facilities and equipment are amortized using the straight-line method at rates sufficient to amortize such costs over the estimated productive lives of such facilities. These estimated productive lives do not exceed the related estimated mine lives, which are based on proven and probable reserves. | ||
Mine Development | ||
Mine development costs include engineering and metallurgical studies, drilling and other related costs to delineate an ore body, the removal of overburden to initially expose an ore body at open pit surface mines and the building of access ways, shafts, lateral access, drifts, ramps and other infrastructure at underground mines. Costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as Exploration or Advanced projects, research and development expense. Capitalization of mine development project costs, that meet the definition of an asset, begins once mineralization is classified as proven and probable reserves. | ||
Drilling and related costs are capitalized for an ore body where proven and probable reserves exist and the activities are directed at obtaining additional information on the ore body or converting mineralized material to proven and probable reserves. All other drilling and related costs are expensed as incurred. Drilling costs incurred during the production phase for operational ore control are allocated to inventory costs and then included as a component of Costs applicable to sales. | ||
The cost of removing overburden and waste materials to access the ore body at an open-pit mine prior to the production phase are referred to as “pre-stripping costs.” Pre-stripping costs are capitalized during the development of an open-pit mine. Where multiple open pits exist at a mining complex utilizing common processing facilities, pre-stripping costs are capitalized at each pit. The removal, production, and sale of de minimis saleable materials may occur during development and are recorded as Other income, net of incremental mining and processing costs. | ||
The production phase of an open-pit mine commences when saleable minerals, beyond a de minimis amount, are produced. Stripping costs incurred during the production phase of a mine are variable production costs that are included as a component of inventory to be recognized in Costs applicable to sales in the same period as the revenue from the sale of inventory. The Company’s definition of a mine and the mine’s production phase may differ from that of other companies in the mining industry resulting in incomparable allocations of stripping costs to deferred mine development and production costs. Other mining companies may expense pre-stripping costs associated with subsequent pits within a mining complex. Other mining companies may capitalize stripping costs incurred in connection with the production phase. | ||
Mine development costs are amortized using the units-of-production (“UOP”) method based on estimated recoverable ounces or pounds in proven and probable reserves. To the extent that these costs benefit an entire ore body, they are amortized over the estimated life of the ore body. Costs incurred to access specific ore blocks or areas that only provide benefit over the life of that area are amortized over the estimated life of that specific ore block or area. | ||
Mineral Interests | ||
Mineral interests include acquired interests in production, development and exploration stage properties. The mineral interests are capitalized at their fair value at the acquisition date, either as an individual asset purchase or as part of a business combination. | ||
The value of such assets is primarily driven by the nature and amount of mineralized material believed to be contained in such properties. Production stage mineral interests represent interests in operating properties that contain proven and probable reserves. Development stage mineral interests represent interests in properties under development that contain proven and probable reserves. Exploration stage mineral interests represent interests in properties that are believed to potentially contain mineralized material consisting of (i) mineralized material such as inferred material within pits; measured, indicated and inferred material with insufficient drill spacing to qualify as proven and probable reserves; and inferred material in close proximity to proven and probable reserves; (ii) around-mine exploration potential such as inferred material not immediately adjacent to existing reserves and mineralization, but located within the immediate mine area; (iii) other mine-related exploration potential that is not part of measured, indicated or inferred material and is comprised mainly of material outside of the immediate mine area; (iv) greenfields exploration potential that is not associated with any other production, development or exploration stage property, as described above; or (v) any acquired right to explore or extract a potential mineral deposit. The Company’s mineral rights generally are enforceable regardless of whether proven and probable reserves have been established. In certain limited situations, the nature of a mineral right changes from an exploration right to a mining right upon the establishment of proven and probable reserves. The Company has the ability and intent to renew mineral interests where the existing term is not sufficient to recover all identified and valued proven and probable reserves and/or undeveloped mineralized material. | ||
Asset Impairment | ||
The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. An impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets, including goodwill, if any. An impairment loss is measured and recorded based on discounted estimated future cash flows. Future cash flows are estimated based on quantities of recoverable minerals, expected gold and other commodity prices (considering current and historical prices, trends and related factors), production levels, operating costs, capital requirements and reclamation costs, all based on life-of-mine plans. Existing proven and probable reserves and value beyond proven and probable reserves, including mineralization that is not part of the measured, indicated or inferred resource base, are included when determining the fair value of mine site reporting units at acquisition and, subsequently, in determining whether the assets are impaired. The term “recoverable minerals” refers to the estimated amount of gold or other commodities that will be obtained after taking into account losses during ore processing and treatment. Estimates of recoverable minerals from such exploration stage mineral interests are risk adjusted based on management’s relative confidence in such materials. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions and it is possible that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable minerals, gold and other commodity prices, production levels and costs and capital are each subject to significant risks and uncertainties. | ||
Revenue Recognition | ||
Revenue is recognized, net of treatment and refining charges, from a sale when persuasive evidence of an arrangement exists, the price is determinable, the product has been delivered, the title has been transferred to the customer and collection of the sales price is reasonably assured. Revenues from by-product sales are credited to Costs applicable to sales as a by-product credit. | ||
Concentrate sales are initially recorded based on 100% of the provisional sales prices. Until final settlement occurs, adjustments to the provisional sales prices are made to take into account the mark-to-market changes based on the forward prices for the estimated month of settlement. For changes in metal quantities upon receipt of new information and assay, the provisional sales quantities are adjusted as well. The principal risks associated with recognition of sales on a provisional basis include metal price fluctuations between the date initially recorded and the date of final settlement. If a significant decline in metal prices occurs between the provisional pricing date and the final settlement date, it is reasonably possible that the Company could be required to return a portion of the sales proceeds received based on the provisional invoice. | ||
The Company’s sales based on a provisional price contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the concentrates at the forward exchange price at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement. | ||
Income and Mining Taxes | ||
The Company accounts for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of the Company’s liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset for the Company, as measured by the statutory tax rates in effect. The Company derives its deferred income tax charge or benefit by recording the change in either the net deferred income tax liability or asset balance for the year. Mining taxes represent state and provincial taxes levied on mining operations and are classified as income taxes; as such taxes are based on a percentage of mining profits. With respect to the earnings that the Company derives from the operations of its consolidated subsidiaries, in those situations where the earnings are indefinitely reinvested, no deferred taxes have been provided on the unremitted earnings (including the excess of the carrying value of the net equity of such entities for financial reporting purposes over the tax basis of such equity) of these consolidated companies. | ||
The Company’s deferred income tax assets include certain future tax benefits. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized. | ||
The Company’s operations involve dealing with uncertainties and judgments in the application of complex tax regulations in multiple jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state, and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due. The Company adjusts these reserves in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the Company’s current estimate of the tax liabilities. If the Company’s estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If the estimate of tax liabilities proves to be greater than the ultimate assessment, a tax benefit would result. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in Income and mining tax expense. | ||
Reclamation and Remediation Costs | ||
Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. The liability is accreted over time through periodic charges to earnings. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Reclamation costs are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. The estimated reclamation obligation is based on when spending for an existing disturbance is expected to occur. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation obligation at each mine site in accordance with ASC guidance for reclamation obligations. | ||
Future remediation costs for inactive mines are accrued based on management’s best estimate at the end of each period of the costs expected to be incurred at a site. Such cost estimates include, where applicable, ongoing care, maintenance and monitoring costs. Changes in estimates at inactive mines are reflected in earnings in the period an estimate is revised. | ||
Foreign Currency | ||
The functional currency for the majority of the Company’s operations, including the Australian operations, is the U.S. dollar. All monetary assets and liabilities where the functional currency is the U.S. dollar are translated at current exchange rates and the resulting adjustments are included in Other income, net. All assets and liabilities recorded in functional currencies other than U.S. dollars are translated at current exchange rates and the resulting adjustments are charged or credited directly to Accumulated other comprehensive income in Equity. Revenues and expenses in foreign currencies are translated at the weighted-average exchange rates for the period. | ||
Derivative Instruments | ||
Newmont has forward contracts designated as cash flow hedges in place to hedge against changes in foreign exchanges rates and diesel prices, and forward starting swap contracts to hedge against changes in treasury rates. The fair value of derivative contracts qualifying as cash flow hedges are reflected as assets or liabilities in the balance sheet. To the extent these hedges are effective in offsetting forecasted cash flows from production costs (the “effective portion”), changes in fair value are deferred in Accumulated other comprehensive income. Amounts deferred in Accumulated other comprehensive income are reclassified to income when the hedged transaction has occurred. The ineffective portion of the change in the fair value of the derivative is recorded in Other income, net in each period. Cash transactions related to the Company’s derivative contracts accounted for as hedges are classified in the same category as the item being hedged in the statement of cash flows. | ||
When derivative contracts qualifying as cash flow hedges are settled, accelerated or restructured before the maturity date of the contracts, the related amount in Accumulated other comprehensive income at the settlement date is deferred and reclassified to earnings, as applicable, when the originally designated hedged transaction impacts earnings. | ||
The fair value of derivative contracts qualifying as fair value hedges are reflected as assets or liabilities in the balance sheet. Changes in fair value are recorded in income in each period, consistent with recording changes to the mark-to-market value of the underlying hedged asset or liability in income. Prior to maturity in May 2011, changes in the mark-to-market value of the effective portion of interest rate swaps utilized by the Company to swap a portion of its fixed rate interest rate risk to floating rate risk were recognized as a component of Interest expense, net. | ||
Newmont assesses the effectiveness of the derivative contracts periodically using either regression analysis or the dollar offset approach, both retrospectively and prospectively, to determine whether the hedging instruments have been highly effective in offsetting changes in the fair value of the hedged items. The Company will also assess periodically whether the hedging instruments are expected to be highly effective in the future. If a hedging instrument is not expected to be highly effective, the Company will stop hedge accounting prospectively. In those instances, the gains or losses remain in Accumulated other comprehensive income until the hedged item affects earnings. | ||
Net Income (loss) per Common Share | ||
Basic and diluted income per share are presented for Net income (loss) attributable to Newmont stockholders and for Income (loss) from continuing operations attributable to Newmont stockholders. Basic income per share is computed by dividing income available to common shareholders by the weighted-average number of outstanding common shares for the period, including the exchangeable shares (see Notes 13 and 24). Diluted income per share reflects the potential dilution that could occur if securities or other contracts that may require the issuance of common shares in the future were converted. Diluted income per share is computed by increasing the weighted-average number of outstanding common shares to include the additional common shares that would be outstanding after conversion and adjusting net income for changes that would result from the conversion. Only those securities or other contracts that result in a reduction in earnings per share are included in the calculation. | ||
Comprehensive Income | ||
In addition to Net income (loss), Comprehensive income (loss) includes all changes in equity during a period, such as adjustments to minimum pension liabilities, foreign currency translation adjustments, the effective portion of changes in fair value of derivative instruments that qualify as cash flow hedges and cumulative unrecognized changes in fair value of marketable securities available-for-sale or other investments, except those resulting from investments by and distributions to owners. | ||
Reclassifications | ||
Certain amounts in prior years have been reclassified to conform to the 2013 presentation. | ||
Recently Adopted Accounting Pronouncements | ||
Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income | ||
In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | ||
Disclosures about Offsetting Assets and Liabilities | ||
In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | ||
Recently Issued Accounting Pronouncements | ||
Presentation of an Unrecognized Tax Benefit | ||
In July 2013, ASC guidance was issued related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforward, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax position. The update is effective prospectively for the Company’s fiscal year beginning January 1, 2014. The Company is still evaluating the impact of the updated guidance on the consolidated financial position, results of operations or cash flows. | ||
Foreign Currency Matters | ||
In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company’s fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows. |
SEGMENT_INFORMATION
SEGMENT INFORMATION | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
SEGMENT INFORMATION | ' | ||||||||||||||||||||||||||||
NOTE 4 | SEGMENT INFORMATION | ||||||||||||||||||||||||||||
The Company’s reportable segments are based upon the Company’s management structure that is focused on the geographic region for the Company’s operations. Geographic regions include North America, South America, Australia/New Zealand, Indonesia, Africa and Corporate and Other. Segment results for all years have been retrospectively revised to reflect a change in our reportable segments to align with a change in the chief operating decision makers’ evaluation of the organization, effective in the first quarter of 2014. The Nevada operations have been revised to reflect Carlin, Phoenix and Twin Creeks segments and Other segments. Australia/New Zealand operations have been revised to reflect Tanami, Jundee, Waihi and Kalgoorlie segments. The Conga development project will be reported in the Other South America segment. The Nimba and Merian development projects, historically reported in Other Africa and Other South America, respectively, will be reported in Corporate and Other. Earnings from operations do not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes (except for equity investments). Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The financial information relating to the Company’s segments is as follows: | |||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable | Projects and | Income | Assets | Expenditures(2) | |||||||||||||||||||||||||
to Sales | Exploration | (Loss)(1) | |||||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Carlin | $ | 1,390 | $ | 767 | $ | 142 | $ | 34 | $ | 440 | $ | 2,424 | $ | 237 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 295 | 164 | 32 | ||||||||||||||||||||||||||
Copper | 92 | 52 | 11 | ||||||||||||||||||||||||||
Total Phoenix | 387 | 216 | 43 | 10 | 101 | 1,022 | 120 | ||||||||||||||||||||||
Twin Creeks | 728 | 273 | 80 | 7 | 364 | 847 | 67 | ||||||||||||||||||||||
La Herradura | 258 | 177 | 34 | 42 | 5 | 434 | 102 | ||||||||||||||||||||||
Other North America | — | — | — | 42 | (2,131 | ) | 1,541 | 27 | |||||||||||||||||||||
North America | 2,763 | 1,433 | 299 | 135 | (1,221 | ) | 6,268 | 553 | |||||||||||||||||||||
Yanacocha | 1,458 | 684 | 333 | 41 | 292 | 2,797 | 176 | ||||||||||||||||||||||
Other South America | — | — | 1 | 34 | (32 | ) | 1,731 | 190 | |||||||||||||||||||||
South America | 1,458 | 684 | 334 | 75 | 260 | 4,528 | 366 | ||||||||||||||||||||||
Boddington: | |||||||||||||||||||||||||||||
Gold | 1,038 | 805 | 165 | ||||||||||||||||||||||||||
Copper | 211 | 195 | 37 | ||||||||||||||||||||||||||
Total Boddington | 1,249 | 1,000 | 202 | 1 | (2,056 | ) | 2,209 | 113 | |||||||||||||||||||||
Tanami | 449 | 270 | 81 | 11 | (33 | ) | 518 | 93 | |||||||||||||||||||||
Jundee | 398 | 206 | 80 | 7 | 106 | 140 | 45 | ||||||||||||||||||||||
Waihi | 157 | 103 | 31 | 5 | 15 | 127 | 11 | ||||||||||||||||||||||
Kalgoorlie | 460 | 342 | 23 | 3 | 96 | 375 | 19 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 14 | 13 | (39 | ) | 136 | 5 | |||||||||||||||||||||
Australia/New Zealand | 2,713 | 1,921 | 431 | 40 | (1,911 | ) | 3,505 | 286 | |||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 57 | 107 | 22 | ||||||||||||||||||||||||||
Copper | 466 | 815 | 163 | ||||||||||||||||||||||||||
Total Batu Hijau | 523 | 922 | 185 | 14 | (658 | ) | 3,424 | 105 | |||||||||||||||||||||
Other Indonesia | — | — | — | — | 2 | 3 | — | ||||||||||||||||||||||
Indonesia | 523 | 922 | 185 | 14 | (656 | ) | 3,427 | 105 | |||||||||||||||||||||
Ahafo | 793 | 307 | 78 | 51 | 344 | 1,628 | 169 | ||||||||||||||||||||||
Akyem | 164 | 32 | 13 | 8 | 105 | 1,260 | 236 | ||||||||||||||||||||||
Other Africa | — | — | — | 9 | (14 | ) | 1 | — | |||||||||||||||||||||
Africa | 957 | 339 | 91 | 68 | 435 | 2,889 | 405 | ||||||||||||||||||||||
Corporate and Other | — | — | 22 | 137 | (513 | ) | 3,990 | 84 | |||||||||||||||||||||
Consolidated | $ | 8,414 | $ | 5,299 | $ | 1,362 | $ | 469 | $ | (3,606 | ) | $ | 24,607 | $ | 1,799 | ||||||||||||||
(1) | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | ||||||||||||||||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $101; consolidated capital expenditures on a cash basis were $1,900. | ||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable to | Projects and | Income | Assets | Expenditures(1) | |||||||||||||||||||||||||
Sales | Exploration | ||||||||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Carlin | $ | 1,828 | $ | 767 | $ | 137 | $ | 47 | $ | 845 | $ | 2,236 | $ | 336 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 305 | 111 | 22 | ||||||||||||||||||||||||||
Copper | 96 | 60 | 9 | ||||||||||||||||||||||||||
Total Phoenix | 401 | 171 | 31 | 21 | 179 | 908 | 139 | ||||||||||||||||||||||
Twin Creeks | 718 | 256 | 61 | 30 | 392 | 805 | 131 | ||||||||||||||||||||||
La Herradura | 354 | 132 | 21 | 41 | 157 | 438 | 89 | ||||||||||||||||||||||
Other North America | — | — | 1 | 40 | (44 | ) | 3,615 | 71 | |||||||||||||||||||||
North America | 3,301 | 1,326 | 251 | 179 | 1,529 | 8,002 | 766 | ||||||||||||||||||||||
Yanacocha | 2,202 | 669 | 254 | 59 | 1,100 | 2,921 | 510 | ||||||||||||||||||||||
Other South America | — | — | — | 72 | (91 | ) | 1,650 | 601 | |||||||||||||||||||||
South America | 2,202 | 669 | 254 | 131 | 1,009 | 4,571 | 1,111 | ||||||||||||||||||||||
Boddington | |||||||||||||||||||||||||||||
Gold | 1,184 | 623 | 159 | ||||||||||||||||||||||||||
Copper | 224 | 150 | 34 | ||||||||||||||||||||||||||
Total Boddington | 1,408 | 773 | 193 | 8 | 407 | 4,629 | 141 | ||||||||||||||||||||||
Tanami | 302 | 250 | 50 | 28 | (24 | ) | 632 | 179 | |||||||||||||||||||||
Jundee | 537 | 172 | 50 | 20 | 292 | 202 | 58 | ||||||||||||||||||||||
Waihi | 104 | 97 | 23 | 12 | (33 | ) | 160 | 19 | |||||||||||||||||||||
Kalgoorlie | 569 | 277 | 18 | 5 | 255 | 447 | 21 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 5 | 19 | 86 | 235 | 19 | ||||||||||||||||||||||
Australia/New Zealand | 2,920 | 1,569 | 339 | 92 | 983 | 6,305 | 437 | ||||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 106 | 71 | 12 | ||||||||||||||||||||||||||
Copper | 561 | 385 | 76 | ||||||||||||||||||||||||||
Total Batu Hijau | 667 | 456 | 88 | 32 | 8 | 3,777 | 148 | ||||||||||||||||||||||
Other Indonesia | — | — | — | — | 3 | 4 | — | ||||||||||||||||||||||
Indonesia | 667 | 456 | 88 | 32 | 11 | 3,781 | 148 | ||||||||||||||||||||||
Ahafo | 874 | 314 | 75 | 53 | 435 | 1,436 | 228 | ||||||||||||||||||||||
Akyem | — | — | — | 19 | (20 | ) | 981 | 388 | |||||||||||||||||||||
Other Africa | — | — | — | 10 | 10 | 11 | — | ||||||||||||||||||||||
Africa | 874 | 314 | 75 | 82 | 425 | 2,428 | 616 | ||||||||||||||||||||||
Corporate and Other | — | — | 25 | 188 | (843 | ) | 4,486 | 74 | |||||||||||||||||||||
Consolidated | $ | 9,964 | $ | 4,334 | $ | 1,032 | $ | 704 | $ | 3,114 | $ | 29,573 | $ | 3,152 | |||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $58; consolidated capital expenditures on a cash basis were $3,210. | ||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable to | Projects and | Income(1) | Assets | Expenditures(2) | |||||||||||||||||||||||||
Sales | Exploration | ||||||||||||||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||||||
Carlin | $ | 1,488 | $ | 715 | $ | 149 | $ | 41 | $ | 565 | $ | 1,665 | $ | 268 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 363 | 100 | 27 | ||||||||||||||||||||||||||
Copper | 83 | 44 | 8 | ||||||||||||||||||||||||||
Total Phoenix | 446 | 144 | 35 | 16 | 239 | 799 | 110 | ||||||||||||||||||||||
Twin Creeks | 849 | 263 | 93 | 46 | 438 | 1,008 | 89 | ||||||||||||||||||||||
La Herradura | 331 | 110 | 20 | 18 | 190 | 329 | 81 | ||||||||||||||||||||||
Other North America | — | — | — | 32 | 13 | 3,545 | 92 | ||||||||||||||||||||||
North America | 3,114 | 1,232 | 297 | 153 | 1,445 | 7,346 | 640 | ||||||||||||||||||||||
Yanacocha | 2,003 | 711 | 234 | 39 | 988 | 2,696 | 360 | ||||||||||||||||||||||
Other South America | — | — | — | 39 | (42 | ) | 1,101 | 739 | |||||||||||||||||||||
South America | 2,003 | 711 | 234 | 78 | 946 | 3,797 | 1,099 | ||||||||||||||||||||||
Boddington | |||||||||||||||||||||||||||||
Gold | 1,056 | 470 | 122 | ||||||||||||||||||||||||||
Copper | 210 | 118 | 28 | ||||||||||||||||||||||||||
Total Boddington | 1,266 | 588 | 150 | 11 | 506 | 4,586 | 217 | ||||||||||||||||||||||
Tanami | 346 | 205 | 40 | 15 | 81 | 484 | 144 | ||||||||||||||||||||||
Jundee | 530 | 140 | 56 | 18 | 310 | 178 | 53 | ||||||||||||||||||||||
Waihi | 149 | 101 | 22 | 15 | 15 | 169 | 32 | ||||||||||||||||||||||
Kalgoorlie | 588 | 235 | 17 | 3 | 324 | 423 | 65 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 3 | 18 | (69 | ) | 168 | 18 | |||||||||||||||||||||
Australia/New Zealand | 2,879 | 1,269 | 288 | 80 | 1,167 | 6,008 | 529 | ||||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 524 | 164 | 35 | ||||||||||||||||||||||||||
Copper | 1,052 | 332 | 71 | ||||||||||||||||||||||||||
Total Batu Hijau | 1,576 | 496 | 106 | 8 | 890 | 3,582 | 196 | ||||||||||||||||||||||
Other Indonesia | — | — | — | — | 3 | 3 | — | ||||||||||||||||||||||
Indonesia | 1,576 | 496 | 106 | 8 | 893 | 3,585 | 196 | ||||||||||||||||||||||
Ahafo | 869 | 265 | 76 | 40 | 465 | 1,146 | 116 | ||||||||||||||||||||||
Akyem | — | — | — | 9 | (10 | ) | 552 | 248 | |||||||||||||||||||||
Other Africa | — | — | — | 6 | 7 | — | — | ||||||||||||||||||||||
Africa | 869 | 265 | 76 | 55 | 462 | 1,698 | 364 | ||||||||||||||||||||||
Corporate and Other | — | — | 35 | 349 | (3,103 | ) | 3,607 | 136 | |||||||||||||||||||||
Consolidated | $ | 10,441 | $ | 3,973 | $ | 1,036 | $ | 723 | $ | 1,810 | $ | 26,041 | $ | 2,964 | |||||||||||||||
(1) | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | ||||||||||||||||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $177; consolidated capital expenditures on a cash basis were $2,787. | ||||||||||||||||||||||||||||
Revenues from sales were as follows: | |||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
United Kingdom | $ | 6,373 | $ | 7,943 | $ | 7,510 | |||||||||||||||||||||||
Germany | 324 | 266 | 304 | ||||||||||||||||||||||||||
Japan | 376 | 435 | 549 | ||||||||||||||||||||||||||
Korea | 360 | 331 | 712 | ||||||||||||||||||||||||||
Indonesia | 130 | 67 | 531 | ||||||||||||||||||||||||||
Mexico | 258 | 357 | 331 | ||||||||||||||||||||||||||
Philippines | 242 | 225 | 287 | ||||||||||||||||||||||||||
Other | 351 | 340 | 217 | ||||||||||||||||||||||||||
$ | 8,414 | $ | 9,964 | $ | 10,441 | ||||||||||||||||||||||||
As gold can be sold through numerous gold market traders worldwide, the Company is not economically dependent on a limited number of customers for the sale of its product. In 2013, 2012 and 2011, sales to Bank of Nova Scotia were $1,787 (23%), $802 (9%) and $1,143 (13%), respectively, of total gold sales. In 2013, 2012 and 2011 sales to Royal Bank of Scotland were $0, $1,449 (16%) and $2,048 (23%) of total gold sales, respectively. Additionally, in 2013 and 2012, the Company had sales to Barclays that totaled $1,338 (17%) and $1,022 (11%) of total gold sales. | |||||||||||||||||||||||||||||
The Company sells copper predominantly in the form of copper concentrates which are sold directly to smelters located in Asia and to a lesser extent Germany. The copper concentrates are sold under long-term supply contracts based on the demand for these concentrates in the global market place. | |||||||||||||||||||||||||||||
Long-lived assets, excluding deferred tax assets, investments and restricted cash, were as follows: | |||||||||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
United States | $ | 5,481 | $ | 7,252 | |||||||||||||||||||||||||
Australia | 2,895 | 5,510 | |||||||||||||||||||||||||||
Peru | 3,597 | 3,592 | |||||||||||||||||||||||||||
Indonesia | 2,782 | 2,719 | |||||||||||||||||||||||||||
Ghana | 2,440 | 2,189 | |||||||||||||||||||||||||||
Other | 511 | 426 | |||||||||||||||||||||||||||
$ | 17,706 | $ | 21,688 | ||||||||||||||||||||||||||
RECLAMATION_AND_REMEDIATION
RECLAMATION AND REMEDIATION | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||||||||||
RECLAMATION AND REMEDIATION | ' | ||||||||||||
NOTE 5 | RECLAMATION AND REMEDIATION | ||||||||||||
The Company’s mining and exploration activities are subject to various federal and state laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future reclamation costs are based principally on legal and regulatory requirements. | |||||||||||||
The Company’s reclamation and remediation expenses consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Reclamation | $ | 11 | $ | 32 | $ | 61 | |||||||
Accretion - operating | 61 | 55 | 50 | ||||||||||
Accretion - non-operating | 9 | 9 | 9 | ||||||||||
$ | 81 | $ | 96 | $ | 120 | ||||||||
Reclamation expense decreased in 2013, primarily due to a reduction in estimated water treatment operating costs at Mt. Leyshon, which was a former Normandy mining operation in Australia and a reduction in estimated waste rock reclamation costs at the Hope Bay project. | |||||||||||||
At December 31, 2013 and 2012, $1,432 and $1,341, respectively, were accrued for reclamation obligations relating to mineral properties. In addition, the Company is involved in several matters concerning environmental obligations associated with former, primarily historic, mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. At December 31, 2013 and 2012, $179 and $198, respectively, were accrued for such obligations. These amounts are also included in Reclamation and remediation liabilities. | |||||||||||||
The following is a reconciliation of Reclamation and remediation liabilities: | |||||||||||||
Balance January 1, 2012 | $ | 1,240 | |||||||||||
Additions, changes in estimates and other | 308 | ||||||||||||
Liabilities settled | (73 | ) | |||||||||||
Accretion expense | 64 | ||||||||||||
Balance December 31, 2012 | 1,539 | ||||||||||||
Additions, changes in estimates and other | 61 | ||||||||||||
Liabilities settled | (59 | ) | |||||||||||
Accretion expense | 70 | ||||||||||||
Balance December 31, 2013 | $ | 1,611 | |||||||||||
Additions to the reclamation liability in 2013 of $61 include $48 for currently or recently producing properties due to a reduction in Boddington’s mine life as well as for an increase in water treatment costs at Yanacocha and $13 for historic mining operations primarily related to additional water management costs. | |||||||||||||
Additions to the reclamation liability in 2012 of $308 include $245 for currently or recently producing properties due mainly to increased water treatment costs at Yanacocha and $63 for historic mining operations primarily related to additional water management costs and assuming the United States government liability for Dawn with the receipt of $42 in a trust fund. | |||||||||||||
The current portion of Reclamation and remediation liabilities of $98 and $82 at December 31, 2013 and 2012, respectively, are included in Other current liabilities (see Note 25). | |||||||||||||
Included in Other long-term assets at December 31, 2013 and 2012 is $11 and $12, respectively, of restricted cash that is legally restricted for purposes of settling asset retirement obligations related to the Con mine in Yellowknife, NWT, Canada. In addition, included in Other long-term assets at December 31, 2013 and 2012 is $42 in a trust fund related to the Black Cloud Mine (Dawn Mining) in Washington State. | |||||||||||||
Included in Investments at December 31, 2013 and 2012 are $17 and $16 of long-term equity securities, respectively, which are legally pledged for purposes of settling asset retirement obligations related to the San Jose Reservoir in Yanacocha. |
WRITEDOWNS
WRITE-DOWNS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
WRITE-DOWNS | ' | ||||||||||||
NOTE 6 | WRITE-DOWNS | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Property, plant and mine development | |||||||||||||
Carlin | $ | — | $ | — | $ | 2 | |||||||
Other North America | 2,082 | 25 | — | ||||||||||
Yanacocha | 8 | — | 1 | ||||||||||
Other South America | — | 17 | — | ||||||||||
Boddington | 2,107 | — | — | ||||||||||
Tanami | 67 | — | — | ||||||||||
Kalgoorlie | — | 5 | — | ||||||||||
Batu Hijau | 1 | 5 | 1 | ||||||||||
Corporate and Other | — | — | 2,080 | ||||||||||
4,265 | 52 | 2,084 | |||||||||||
Other long-term assets | |||||||||||||
Boddington | 31 | — | — | ||||||||||
Tanami | 56 | — | — | ||||||||||
87 | — | — | |||||||||||
$ | 4,352 | $ | 52 | $ | 2,084 | ||||||||
Write-downs totaled $4,352, $52 and $2,084 in 2013, 2012 and 2011, respectively. The 2013 write-down at Boddington in Australia was primarily due to a decrease in the Company’s long-term gold and copper price assumptions combined with rising operating costs. The 2013 write-down at Other North America’s Long Canyon project was primarily due to a decrease in the Company’s long-term gold price assumption and improved understanding of the ore body. These factors represented significant changes in the business, requiring the Company to evaluate long-lived assets for impairment. For purposes of this evaluation, estimates of future cash flows of the individual reporting units were used to determine fair value. The estimated cash flows were derived from life-of-mine plans, developed using long-term pricing reflective of the current price environment and management’s projections for operating costs. Refer to Note 17 for additional information related to long-term gold and copper price assumptions and to the fair value determination of the impairment. | |||||||||||||
Due to the above conditions, Goodwill was included in the Company’s impairment analysis. After-tax discounted future cash flows of reporting units with Goodwill were analyzed. Goodwill at Jundee, Kalgoorlie, Tanami and Waihi had a carrying value of $188 at December 31, 2012. As a result of this evaluation, the Company recorded an impairment of $56, resulting in a carrying value of $132 at December 31, 2013 related to Kalgoorlie, Jundee and Waihi. | |||||||||||||
The 2012 write-down was primarily due to an impairment of the FALC JV diamond project as well as write-downs of non-essential surface equipment at Conga. | |||||||||||||
The 2011 write-down was primarily due to an impairment related to the Hope Bay project after evaluating existing development options and economic feasibility for the project compared with other projects and development opportunities within the Company’s wider project pipeline. The amount of the Hope Bay write-down was recorded at fair value based on the estimated recoverable value, net of transportation and selling costs utilizing the liquidation model. |
OTHER_EXPENSE_NET
OTHER EXPENSE, NET | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
OTHER EXPENSE, NET | ' | ||||||||||||
NOTE 7 | OTHER EXPENSE, NET | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Community development | $ | 84 | $ | 95 | $ | 67 | |||||||
Restructuring and other | 67 | 58 | — | ||||||||||
Regional administration | 59 | 88 | 78 | ||||||||||
Transaction/Acquisition costs | 27 | 12 | 22 | ||||||||||
Western Australia power plant | 19 | 13 | 15 | ||||||||||
World Gold Council dues | 5 | 11 | 7 | ||||||||||
Hope Bay care and maintenance | — | 144 | 17 | ||||||||||
Indonesian value added tax settlement | — | — | 21 | ||||||||||
Other | 39 | 28 | 38 | ||||||||||
$ | 300 | $ | 449 | $ | 265 | ||||||||
OTHER_INCOME_NET
OTHER INCOME, NET | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||
OTHER INCOME, NET | ' | ||||||||||||
NOTE 8 | OTHER INCOME, NET | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Gain on sale of investments, net | $ | 280 | $ | 2 | $ | 64 | |||||||
Foreign currency exchange, net | 59 | (5 | ) | (4 | ) | ||||||||
Canadian Oil Sands dividends | 35 | 42 | 34 | ||||||||||
Refinery income, net | 32 | 27 | 27 | ||||||||||
Interest | 13 | 12 | 11 | ||||||||||
Development projects, net | 9 | 66 | 42 | ||||||||||
Gain on asset sales, net | 6 | 105 | 17 | ||||||||||
Reduction of allowance for loan receivable | — | 49 | — | ||||||||||
Derivative ineffectiveness, net | — | 2 | (17 | ) | |||||||||
Impairment of marketable securities | (105 | ) | (47 | ) | (180 | ) | |||||||
Other | 20 | 25 | 18 | ||||||||||
$ | 349 | $ | 278 | $ | 12 | ||||||||
INCOME_AND_MINING_TAXES
INCOME AND MINING TAXES | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
INCOME AND MINING TAXES | ' | ||||||||||||
NOTE 9 | INCOME AND MINING TAXES | ||||||||||||
The Company’s Income and mining tax benefit (expense) consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
United States | $ | (129 | ) | $ | (210 | ) | $ | (346 | ) | ||||
Foreign | (372 | ) | (644 | ) | (1,038 | ) | |||||||
(501 | ) | (854 | ) | (1,384 | ) | ||||||||
Deferred: | |||||||||||||
United States | 805 | 100 | 151 | ||||||||||
Foreign | 451 | (122 | ) | 486 | |||||||||
1,256 | (22 | ) | 637 | ||||||||||
$ | 755 | $ | (876 | ) | $ | (747 | ) | ||||||
The Company’s Income before income and mining tax and other items consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
United States | $ | (1,625 | ) | $ | 1,036 | $ | 878 | ||||||
Foreign | (1,981 | ) | 2,078 | 932 | |||||||||
$ | (3,606 | ) | $ | 3,114 | $ | 1,810 | |||||||
The Company’s Income and mining tax benefit (expense) differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income before income and mining tax and other items | $ | (3,606 | ) | $ | 3,114 | $ | 1,810 | ||||||
United States statutory corporate income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Income tax benefit (expense) computed at United States statutory corporate income tax rate | 1,262 | (1,090 | ) | (634 | ) | ||||||||
Reconciling items: | |||||||||||||
Tax benefit generated on change in form of a non-U.S. subsidiary | — | 694 | 65 | ||||||||||
Percentage depletion | 134 | 267 | 172 | ||||||||||
Change in valuation allowance on deferred tax assets | (665 | ) | (716 | ) | (263 | ) | |||||||
Tax planning on sale of Canadian Oil Sands and Canadian capital gains tax rate | 61 | — | — | ||||||||||
Effect of foreign earnings, net of credits | (19 | ) | 6 | (69 | ) | ||||||||
State tax benefit on asset impairment | 62 | — | — | ||||||||||
Mining taxes, net | (45 | ) | (77 | ) | (42 | ) | |||||||
Other | (35 | ) | 40 | 24 | |||||||||
Income and mining tax benefit (expense) | $ | 755 | $ | (876 | ) | $ | (747 | ) | |||||
Factors that Significantly Impact Effective Tax Rate | |||||||||||||
The Company reviews the measurement of its deferred tax assets at each balance sheet date. On the basis of available information at December 31, 2013, the Company has provided valuation allowance for certain of its deferred tax assets where the Company believes it is more likely than not that some portion or all of such assets will not be realized. The valuation allowance totaled $2,724 at December 31, 2013, and $1,626 at December 31, 2012. The overall valuation allowance increased $1,098 during 2013. This increase is reflected in the Company’s effective tax rate to the extent it relates to U.S. foreign tax credits, U.S. alternative minimum tax credits, and long-term stockpile write-downs in Indonesia. Changes in valuation allowance for other items such as depreciation in marketable securities are reflected in Other Comprehensive Income. Other net increases, such as those that relate to Australian asset impairments and Australian net operating losses have no impact on the consolidated financial statements due to the tax accounting treatment of non-U.S. entities that are disregarded for U.S. income tax purposes. | |||||||||||||
During 2013, the Company recognized a $791 deferred tax benefit (at a blended federal and state statutory rate of 38%) due to the impairment of the Long Canyon and Northumberland assets. This benefit reflects a reduction of the deferred tax liability that was established upon the Company’s purchase of Fronteer Gold Inc. in 2011. | |||||||||||||
In 2012, the Company made an election to convert a non-U.S. subsidiary to a partnership or flow-through entity for U.S. federal income tax purposes. As a result of this election, the Company recognized a capital loss equal to the difference between the Company’s tax basis in the non-U.S. subsidiary and the fair market value of the assets held by the non-U.S. subsidiary. The Company recognized a current U.S. federal income tax benefit for that portion of the capital loss that was used to offset other non-related 2012 capital gains and that has been used to absorb 2010 and 2011 net capital gains for which the Company has submitted a carry-back refund claim. The Company recorded a $605 deferred tax asset for the remaining capital loss which will be carried forward to future years. The Company also recorded a related valuation allowance of $605 due to its analysis of the future realization of this deferred tax asset under a more likely than not standard. In addition, the Company realized an increase in the basis of assets held by the non-U.S. subsidiary with no corresponding tax liability. The most notable of these assets was the non-U.S. subsidiary’s investment in the Canadian Oil Sands Corporation. This investment was sold in the third quarter of 2013 and the Company recorded a book gain of $280 on this sale. Due to the increase in U.S. tax basis, the Company realized a U.S. tax capital loss and therefore only recognized tax expense equal to the Company’s Canadian tax cost of $37. | |||||||||||||
In 2011, the Company converted certain non-U.S. entities to U.S. entities for U.S. income tax purposes. As a result of the elections, the subsidiaries are treated as flow-through entities for U.S. federal income tax purposes. The restructurings in 2011 resulted in the recording of a deferred tax asset, calculated as the difference between fair market valuations of the subsidiaries compared to the underlying financial statement basis in the assets. | |||||||||||||
Percentage depletion allowances (tax deductions for depletion that may exceed the tax basis in the mineral reserves) are available to the Company under the income tax laws of the United States for operations conducted in the United States or through branches and partnerships owned by U.S. subsidiaries included in the consolidated United States income tax return. These deductions are highly sensitive to the price of gold and other minerals produced by the Company. | |||||||||||||
Components of the Company’s deferred income tax assets (liabilities) are as follows: | |||||||||||||
At December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred income tax assets: | |||||||||||||
Property, plant and mine development | $ | 1,554 | $ | 621 | |||||||||
Reclamation and remediation | 314 | 306 | |||||||||||
Net operating losses, capital losses and tax credits | 2,003 | 1,933 | |||||||||||
Investment in partnerships | 224 | 281 | |||||||||||
Employee-related benefits | 231 | 280 | |||||||||||
Derivative instruments and unrealized loss on investments | 319 | 145 | |||||||||||
Other | 289 | 148 | |||||||||||
4,934 | 3,714 | ||||||||||||
Valuation allowances | (2,724 | ) | (1,626 | ) | |||||||||
2,210 | 2,088 | ||||||||||||
Deferred income tax liabilities: | |||||||||||||
Property, plant and mine development | (629 | ) | (1,724 | ) | |||||||||
Reclamation and remediation | (7 | ) | — | ||||||||||
Net undistributed earnings of subsidiaries | (406 | ) | (301 | ) | |||||||||
Derivative instruments and unrealized gain on investments | (79 | ) | (217 | ) | |||||||||
Other | (74 | ) | (170 | ) | |||||||||
(1,195 | ) | (2,412 | ) | ||||||||||
Net deferred income tax assets (liabilities) | $ | 1,015 | $ | (324 | ) | ||||||||
Net deferred income tax assets and liabilities consist of: | |||||||||||||
At December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Current deferred income tax assets | $ | 246 | $ | 195 | |||||||||
Long-term deferred income tax assets | 1,478 | 404 | |||||||||||
Current deferred income tax liabilities | (74 | ) | (65 | ) | |||||||||
Long-term deferred income tax liabilities | (635 | ) | (858 | ) | |||||||||
$ | 1,015 | $ | (324 | ) | |||||||||
Company’s Unrecognized Tax Benefits | |||||||||||||
At December 31, 2013, 2012 and 2011, the Company had $320, $391 and $336 of total gross unrecognized tax benefits, respectively. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total amount of gross unrecognized tax benefits at beginning of year | $ | 391 | $ | 336 | $ | 116 | |||||||
Additions for tax positions of prior years | 19 | 81 | 160 | ||||||||||
Additions for tax positions of current year | — | — | 64 | ||||||||||
Reductions due to settlements with taxing authorities | (75 | ) | (5 | ) | — | ||||||||
Reductions due to lapse of statute of limitations | (15 | ) | (21 | ) | (4 | ) | |||||||
Total amount of gross unrecognized tax benefits at end of year | $ | 320 | $ | 391 | $ | 336 | |||||||
At December 31, 2013, 2012 and 2011, $77, $120 and $137, respectively, represent the amount of unrecognized tax benefits that, if recognized, would impact the Company’s effective income tax rate. | |||||||||||||
The Company operates in numerous countries around the world and is subject to, and pays annual income taxes under, the various income tax regimes in the countries in which it operates. Some of these tax regimes are defined by contractual agreements with the local government, and others are defined by the general corporate income tax laws of the country. The Company has historically filed, and continues to file, all required income tax returns and paid the taxes reasonably determined to be due. The tax rules and regulations in many countries are highly complex and subject to interpretation. From time to time, the Company is subject to a review of its historic income tax filings and in connection with such reviews, disputes can arise with the taxing authorities over the interpretation or application of certain rules to the Company’s business conducted within the country involved. | |||||||||||||
In 2010 and 2012, PTNNT, the Company’s partially owned subsidiary in Indonesia, received income tax assessment letters for 2008 and 2010 for additional amounts of $119 and $10, respectively. The Company has since paid the 2008 and 2010 amounts in full, including penalties. In 2013, the Company received a refund of the 2010 income tax assessment of $10. PTNNT is vigorously defending its positions through all available processes. PTNNT believes it is more likely than not that it will prevail based on prior experience and has recorded a corresponding receivable of $119 for the 2008 assessment. | |||||||||||||
In 2011, the U.S. Internal Revenue Service issued a Technical Advice Memorandum (“TAM”) to the Company regarding the U.S. income tax treatment of the Price Capped Forward Sales Contracts settled in cash in 2007. The TAM provides guidance which is unfavorable to the Company. The Company is vigorously defending its positions through all processes available to it and believes it should prevail. | |||||||||||||
The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. Federal, state and local, and non-U.S. income tax examinations by tax authorities for years before 2005. As a result of (i) statute of limitations that will begin to expire within the next 12 months in various jurisdictions, and (ii) possible settlements of audit-related issues with taxing authorities in various jurisdictions with respect to which none of the issues are individually significant, the Company believes that it is reasonably possible that the total amount of its net unrecognized income tax liability will decrease between $5 to $10 in the next 12 months. | |||||||||||||
The Company’s continuing practice is to recognize interest and/or penalties related to unrecognized tax benefits as part of its income and mining tax expense. At December 31, 2013 and 2012, the total amount of accrued income-tax-related interest and penalties included in the Consolidated Balance Sheets was $12 and $14, respectively. During 2013, the Company released through the Statements of Consolidated Income an additional $2 of interest and penalties. During 2012, the Company released through the Statements of Consolidated Income an additional $4 of interest and penalties. During 2011, the Company accrued through the Statements of Consolidated Income an additional $1 of interest and penalties. | |||||||||||||
Tax Loss Carryforwards, Foreign Tax Credits, and AMT Credits | |||||||||||||
At December 31, 2013 and 2012, the Company had (i) $875 and $741 of net operating loss carry forwards, respectively; and (ii) $492 and $405 of tax credit carry forwards, respectively. At December 31, 2013 and 2012, $357 and $281, respectively, of net operating loss carry forwards are attributable to operations in Australia, Ghana and France for which current tax law provides no expiration period. The remaining net operating loss carry forwards expire at various dates through 2033. Valuation allowances have been recorded on net operating loss carry forwards where the Company believes based on the available evidence it is more likely than not that the net operating losses will not be realized. | |||||||||||||
Tax credit carry forwards for 2013 and 2012 of $296 and $249 consist of foreign tax credits available in the United States; substantially all such credits not utilized will expire at the end of 2023. Other credit carry forwards at the end of 2013 and 2012 in the amounts of $196 and $156, respectively, represent alternative minimum tax credits attributable to the Company’s U.S. operations for which the current tax law provides no period of expiration. | |||||||||||||
Differences in tax rates and other foreign income tax law variations make the ability to fully utilize all available foreign income tax credits on a year-by-year basis highly dependent on the price of the gold and copper produced by the Company and the costs of production, since lower prices or higher costs can result in having insufficient sources of taxable income in the United States to utilize all available foreign tax credits. Such credits have limited carry back and carry forward periods and can only be used to reduce the United States income tax imposed on foreign earnings included in the annual United States consolidated income tax return. | |||||||||||||
Alternative minimum tax credits are utilized to the extent the Company incurs U.S. regular income tax in excess of U.S. alternative minimum tax. These credits carry forward indefinitely. However, based upon long range income forecasts, the Company is not expected to incur regular tax in excess of alternative minimum tax in any given year. Accordingly, a valuation allowance has been established. | |||||||||||||
Other | |||||||||||||
Newmont intends to indefinitely reinvest earnings from certain foreign operations. Accordingly, non-U.S. income and withholding taxes for which deferred taxes might otherwise be required have not been provided on a cumulative amount of temporary differences. For this purpose, any difference between the tax basis in the stock of a consolidated subsidiary and the amount of the subsidiary’s net equity determined for financial reporting purposes related to investments in foreign subsidiaries is immaterial to the Company. The Company does not anticipate the need to repatriate funds to satisfy liquidity needs arising in the ordinary course of business, including liquidity needs associated with any debt service requirements. |
EQUITY_INCOME_LOSS_OF_AFFILIAT
EQUITY INCOME (LOSS) OF AFFILIATES | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity Method Investments And Joint Ventures [Abstract] | ' | ||||||||||||
EQUITY INCOME (LOSS) OF AFFILIATES | ' | ||||||||||||
NOTE 10 EQUITY INCOME (LOSS) OF AFFILIATES | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Minera La Zanja S.R.L. | $ | 19 | $ | 18 | $ | 52 | |||||||
Euronimba Ltd. | (25 | ) | (69 | ) | (41 | ) | |||||||
Novo Resources Corporation | 1 | — | — | ||||||||||
$ | (5 | ) | $ | (51 | ) | $ | 11 | ||||||
Minera La Zanja S.R.L. | |||||||||||||
Newmont holds a 46.94% interest in Minera La Zanja, S.R.L. (“La Zanja”), a gold project near the city of Cajamarca, Peru. The remaining interest is held by Compañia de Minas Buenaventura, S.A.A. (“Buenaventura”). The mine commenced operations in September 2011 and is operated by Buenaventura. | |||||||||||||
Euronimba Ltd. | |||||||||||||
Newmont holds a 43.50% interest in Euronimba Ltd. (“Euronimba”), with the remaining interests held by BHP Billiton (43.50%) and Areva (13%). Euronimba owns 95% of the Nimba iron ore project located in the Republic of Guinea which is in the early stages of development. | |||||||||||||
Novo Resources Corporation | |||||||||||||
In September 2013, the Company purchased a 35.7% share of Novo Resources Corporation (“Novo”) for approximately $16. Subsequently, in December 2013, Novo issued additional shares for the exercise of warrants and stock options which reduced Newmont’s ownership to 32%. Novo owns a majority of the Beaton’s Creek discovery with Millennium Minerals in the Pilbara region of Western Australia. |
DISCONTINUED_OPERATIONS
DISCONTINUED OPERATIONS | 12 Months Ended | |
Dec. 31, 2013 | ||
Discontinued Operations And Disposal Groups [Abstract] | ' | |
DISCONTINUED OPERATIONS | ' | |
NOTE 11 | DISCONTINUED OPERATIONS | |
Discontinued operations include Holloway Mining Company, which owned the Holt-McDermott property (“Holt property”) that was sold to St. Andrew Goldfields Ltd. (“St. Andrew”) in 2006. In 2009, the Superior Court issued a decision finding Newmont Canada Corporation (“Newmont Canada”) liable for a sliding scale royalty on production from the Holt property, which was upheld in 2011 by the Ontario Court of Appeal. The Company records adjustments based on short and long term gold price assumptions and resource estimates published by St. Andrew. | ||
For the years ended 2013, 2012 and 2011 the Company recorded a benefit of $61 and charges of $76 and $136, net of tax expense of $28 and benefits of $4 and $7, respectively. | ||
Net cash used in discontinued operations was $18, $16 and $7 for the year ended 2013, 2012 and 2011, respectively. Discontinued operations in 2013 and 2012 relate to payments on the Holt property royalty. |
NET_INCOME_LOSS_ATTRIBUTABLE_T
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Noncontrolling Interest [Abstract] | ' | ||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ' | ||||||||||||
NOTE 12 | NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Minera Yanacocha | $ | 68 | $ | 305 | $ | 326 | |||||||
TMAC | (18 | ) | — | — | |||||||||
Batu Hijau | (320 | ) | (2 | ) | 287 | ||||||||
Other | 9 | 6 | (7 | ) | |||||||||
$ | (261 | ) | $ | 309 | $ | 606 | |||||||
Newmont has a 51.35% ownership interest in Minera Yanacocha S.R.L. (“Yanacocha”), with the remaining interests held by Compañia de Minas Buenaventura, S.A.A. (43.65%) and the International Finance Corporation (5%). | |||||||||||||
Newmont has a 70.4% economic ownership interest in TMAC, with remaining interests held by various outside investors. | |||||||||||||
Newmont has a 48.50% effective economic interest in PT Newmont Nusa Tenggara (“PTNNT”) with remaining interests held by an affiliate of Sumitomo Corporation of Japan and various Indonesian entities. PTNNT operates the Batu Hijau copper and gold mine in Indonesia. Based on ASC guidance for variable interest entities, Newmont consolidates PTNNT in its Consolidated Financial Statements. |
NEWMONT_EQUITY_AND_INCOMELOSS_
NEWMONT EQUITY AND INCOME/LOSS PER SHARE | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
NEWMONT EQUITY AND INCOME/LOSS PER SHARE | ' | ||||||||||||
NOTE 13 | NEWMONT EQUITY AND INCOME/LOSS PER SHARE | ||||||||||||
Newmont Common Stock | |||||||||||||
In September 2012, Newmont filed a shelf registration statement on Form S-3 under which it can issue an indeterminate number or amount of common stock, preferred stock, debt securities, guarantees of debt securities and warrants from time to time at indeterminate prices. It also included the resale of an indeterminate amount of common stock, preferred stock and debt securities from time to time upon exercise of warrants or conversion of convertible securities. | |||||||||||||
Treasury Stock | |||||||||||||
Treasury stock is acquired by the Company when certain restricted stock awards vest or are forfeited. At vesting, a participant has a tax liability and, pursuant to the participant’s award agreement, may elect withholding of restricted stock to satisfy tax withholding obligations. The withheld or forfeited stock is accounted for as treasury stock and carried at the par value of the related common stock. | |||||||||||||
Exchangeable Shares | |||||||||||||
In connection with the acquisition of Franco-Nevada Corporation (“Franco”) in February 2002, certain holders of Franco common stock received 0.8 of an exchangeable share of Newmont Mining Corporation of Canada Limited (formerly Franco) for each share of common stock held. These exchangeable shares were convertible, at the option of the holder, into shares of Newmont common stock on a one-for-one basis, and entitle holders to dividends and other rights economically equivalent to holders of Newmont common stock. On December 15, 2011, as a result of a plan of arrangement, holders of exchangeable shares received, at their election, for each existing exchangeable share, one new exchangeable share of Newmont Mining Corporation of Canada Limited or one share of Newmont common stock. In connection with the plan of arrangement, 1.6 million shares were converted from exchangeable shares to Newmont common stock and 4.9 million new exchangeable shares were issued. On December 20, 2013, the Company announced February 18, 2014 as the redemption date (“Redemption Date”) for all outstanding exchangeable shares (other than those held by Newmont and its affiliates). On the Redemption Date, holders of exchangeable shares received, in exchange for each exchangeable share, one share of common stock of Newmont. At December 31, 2013, 2012 and 2011, the value of the remaining exchangeable shares was included in Additional paid-in capital and outstanding shares. | |||||||||||||
Net Income (Loss) per Common Share | |||||||||||||
Basic income per common share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted income per common share is computed similarly to basic income per common share except that the weighted average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued. | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income (loss) attributable to Newmont stockholders: | |||||||||||||
Continuing operations | $ | (2,595 | ) | $ | 1,878 | $ | 468 | ||||||
Discontinued operations | 61 | (76 | ) | (136 | ) | ||||||||
$ | (2,534 | ) | $ | 1,802 | $ | 332 | |||||||
Weighted average common shares (millions): | |||||||||||||
Basic | 498 | 496 | 494 | ||||||||||
Effect of employee stock based awards | — | — | 2 | ||||||||||
Effect of convertible notes | — | 3 | 8 | ||||||||||
Diluted | 498 | 499 | 504 | ||||||||||
Net income (loss) attributable to Newmont stockholders per common share | |||||||||||||
Basic: | |||||||||||||
Continuing operations | $ | (5.21 | ) | $ | 3.79 | $ | 0.95 | ||||||
Discontinued operations | 0.12 | (0.15 | ) | (0.28 | ) | ||||||||
$ | (5.09 | ) | $ | 3.64 | $ | 0.67 | |||||||
Diluted: | |||||||||||||
Continuing operations | $ | (5.21 | ) | $ | 3.76 | $ | 0.93 | ||||||
Discontinued operations | 0.12 | (0.15 | ) | (0.27 | ) | ||||||||
$ | (5.09 | ) | $ | 3.61 | $ | 0.66 | |||||||
Options to purchase 3, 2, and 2 million shares of common stock at average exercise prices of $48, $58, and $58 at December 31, 2013, 2012 and 2011, respectively, were excluded from the computation of diluted weighted average common shares because their exercise prices exceeded the average price of the Company’s common stock for each year. | |||||||||||||
Other outstanding performance-based stock awards totaling 2 million shares of common stock were not included in the computation of diluted weighted average common shares at December 31, 2013 because their effect would have been anti-dilutive. | |||||||||||||
In July 2007, Newmont issued $1,150 of Convertible Senior Notes that, if converted in the future, may have a dilutive effect on the Company’s weighted average number of common shares. The notes issued in 2007 are convertible, at the holder’s option, equivalent to a conversion price of $43.70 (26,318,259 shares of common stock) per share of common stock. Under the convertible note indenture, Newmont is required to settle the principal amount of the Convertible Senior Notes in cash and may elect to settle the remaining conversion obligation (Newmont average share price in excess of the conversion price), if any, in cash, shares or a combination thereof. The effect of contingently convertible instruments on diluted earnings per share is calculated under the net share settlement method in accordance with ASC guidance. The conversion price for the notes exceeded the Company’s share price for the year ended December 31, 2013, therefore no additional shares were included in the computation of diluted weighted average common shares. The average price of the Company’s common stock for the year ended December 31, 2012 and 2011 exceeded the conversion price for the notes issued in 2007 and therefore, 3 and 8 million additional shares, respectively, were included in the computation of diluted weighted average common shares for the year ended December 31, 2012 and 2011, respectively. | |||||||||||||
In connection with the 2007 Convertible Senior Notes offering, the Company entered into Call Spread Transactions which included the purchase of call options and the sale of warrants. As a result of the Call Spread Transactions, the conversion price of $43.70 was effectively increased to $56.99. Should the warrant transactions become dilutive to the Company’s earnings per share (Newmont’s average share price exceeds $56.99) the effect of the warrant transactions on diluted earnings per share will be calculated in accordance with the net share settlement method. | |||||||||||||
In February 2012, the holders of the Company’s 2012 Convertible Senior Notes exercised their election to convert the notes. The Company elected to pay the $172 conversion premium with cash, and as a result no common shares were issued. |
EMPLOYEERELATED_BENEFITS
EMPLOYEE-RELATED BENEFITS | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||
EMPLOYEE-RELATED BENEFITS | ' | ||||||||||||||||||||||||
NOTE 14 EMPLOYEE-RELATED BENEFITS | |||||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Accrued payroll and withholding taxes | $ | 285 | $ | 256 | |||||||||||||||||||||
Peruvian workers’ participation | 32 | 45 | |||||||||||||||||||||||
Employee pension benefits | 10 | 9 | |||||||||||||||||||||||
Other post-retirement plans | 2 | 2 | |||||||||||||||||||||||
Accrued severance | 1 | 3 | |||||||||||||||||||||||
Other employee-related payables | 11 | 24 | |||||||||||||||||||||||
$ | 341 | $ | 339 | ||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Employee pension benefits | $ | 67 | $ | 297 | |||||||||||||||||||||
Other post-retirement benefit plans | 115 | 130 | |||||||||||||||||||||||
Accrued severance | 124 | 113 | |||||||||||||||||||||||
Peruvian workers’ participation | — | 20 | |||||||||||||||||||||||
Other employee-related payables | 17 | 26 | |||||||||||||||||||||||
$ | 323 | $ | 586 | ||||||||||||||||||||||
Pension and Other Benefit Plans | |||||||||||||||||||||||||
The Company provides defined benefit pension plans to eligible employees. Benefits are generally based on years of service and the employee’s average annual compensation. Various international pension plans are based on local laws and requirements. Pension costs are determined annually by independent actuaries and pension contributions to the qualified plans are made based on funding standards established under the Employee Retirement Income Security Act of 1974, as amended. | |||||||||||||||||||||||||
The Company sponsors retiree health care plans that provide prescription drug benefits to eligible retirees that our plans’ actuaries have determined are actuarially equivalent to Medicare Part D. In 2010, Congress passed certain measures of healthcare reform which changed the tax-free status of Medicare Part D subsidies and eliminated the impact on the post-retirement ABO. | |||||||||||||||||||||||||
The following tables provide a reconciliation of changes in the plans’ benefit obligations and assets’ fair values for 2013 and 2012: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Change in Benefit Obligation: | |||||||||||||||||||||||||
Benefit obligation at beginning of year | $ | 944 | $ | 772 | $ | 132 | $ | 107 | |||||||||||||||||
Service cost | 33 | 30 | 4 | 3 | |||||||||||||||||||||
Interest cost | 40 | 41 | 6 | 6 | |||||||||||||||||||||
Actuarial loss | (109 | ) | 136 | (22 | ) | 18 | |||||||||||||||||||
Amendments | (87 | ) | — | — | — | ||||||||||||||||||||
Foreign currency exchange gain | (8 | ) | (3 | ) | — | — | |||||||||||||||||||
Settlement payments | (19 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (36 | ) | (32 | ) | (3 | ) | (2 | ) | |||||||||||||||||
Projected benefit obligation at end of year | $ | 758 | $ | 944 | N/A | N/A | |||||||||||||||||||
Accumulated Benefit Obligation | $ | 661 | $ | 780 | $ | 117 | $ | 132 | |||||||||||||||||
Change in Fair Value of Assets: | |||||||||||||||||||||||||
Fair value of assets at beginning of year | $ | 638 | $ | 540 | $ | — | $ | — | |||||||||||||||||
Actual return on plan assets | 44 | 81 | — | — | |||||||||||||||||||||
Employer contributions | 54 | 49 | 3 | 2 | |||||||||||||||||||||
Settlement payments | (19 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (36 | ) | (32 | ) | (3 | ) | (2 | ) | |||||||||||||||||
Fair value of assets at end of year | $ | 681 | $ | 638 | $ | — | $ | — | |||||||||||||||||
Unfunded status, net | $ | 77 | $ | 306 | $ | 117 | $ | 132 | |||||||||||||||||
The Company’s qualified pension plans are funded with cash contributions in compliance with Internal Revenue Service (“IRS”) rules and regulations. The Company’s non-qualified and other benefit plans are currently not funded, but exist as general corporate obligations. The information contained in the above tables presents the combined funded status of qualified and non-qualified plans. The Company reviews its retirement benefit programs on a regular basis and will consider market conditions and the funded status of its Qualified Plans in determining whether additional contributions are appropriate in calendar year 2014. | |||||||||||||||||||||||||
The following table provides the net pension and other benefits amounts recognized in the Consolidated Balance Sheets at December 31: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Accrued employee benefit liability | $ | 77 | $ | 306 | $ | 117 | $ | 132 | |||||||||||||||||
Accumulated other comprehensive income (loss): | |||||||||||||||||||||||||
Net actuarial gain (loss) | $ | (282 | ) | $ | (413 | ) | $ | 10 | $ | (12 | ) | ||||||||||||||
Prior service credit (cost) | 79 | (6 | ) | 3 | 4 | ||||||||||||||||||||
(203 | ) | (419 | ) | 13 | (8 | ) | |||||||||||||||||||
Less: Income taxes | 71 | 147 | (5 | ) | 4 | ||||||||||||||||||||
$ | (132 | ) | $ | (272 | ) | $ | 8 | $ | (4 | ) | |||||||||||||||
The following table provides components of the net periodic pension and other benefits costs for the years ended December 31: | |||||||||||||||||||||||||
Pension Benefit Costs | Other Benefit Costs | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Service cost | $ | 33 | $ | 30 | $ | 25 | $ | 4 | $ | 3 | $ | 2 | |||||||||||||
Interest cost | 40 | 41 | 39 | 6 | 6 | 5 | |||||||||||||||||||
Expected return on plan assets | (50 | ) | (44 | ) | (42 | ) | — | — | — | ||||||||||||||||
Amortization, net | 6 | 33 | 26 | (1 | ) | (1 | ) | (1 | ) | ||||||||||||||||
$ | 29 | $ | 60 | $ | 48 | $ | 9 | $ | 8 | $ | 6 | ||||||||||||||
The following table provides the components recognized in Other comprehensive income (loss) for the years ended December 31: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Net gain (loss) | $ | 210 | $ | (96 | ) | $ | (111 | ) | $ | 22 | $ | (17 | ) | $ | (6 | ) | |||||||||
Amortization, net | 6 | 33 | 26 | (1 | ) | (1 | ) | (1 | ) | ||||||||||||||||
Total recognized in Other comprehensive income (loss) | $ | 216 | $ | (63 | ) | $ | (85 | ) | $ | 21 | $ | (18 | ) | $ | (7 | ) | |||||||||
Total recognized in net periodic benefit cost and Other comprehensive income (loss) | $ | 187 | $ | (123 | ) | $ | (133 | ) | $ | 12 | $ | (26 | ) | $ | (13 | ) | |||||||||
The expected recognition of amounts in Accumulated other comprehensive income is $22 and $(8) for net actuarial loss and prior service cost for pension benefits in 2014, respectively, and $nil and $1 for net actuarial gain and prior service credit for other benefits in 2014, respectively. | |||||||||||||||||||||||||
Significant assumptions were as follows: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
At December 31, | At December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Weighted-average assumptions used in measuring the Company’s benefit obligation: | |||||||||||||||||||||||||
Discount rate | 5.25 | % | 4.3 | % | 5.25 | % | 4.3 | % | |||||||||||||||||
Rate of compensation increase | 5 | % | 5 | % | 5 | % | 5 | % | |||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
Years Ended December 31, | Years Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Weighted-average assumptions used in measuring the net periodic pension benefit cost: | |||||||||||||||||||||||||
Discount long-term rate | 4.3 | % | 5.35 | % | 5.75 | % | 4.3 | % | 5.35 | % | 5.75 | % | |||||||||||||
Expected return on plan assets | 7.75 | % | 7.75 | % | 8 | % | N/A | N/A | N/A | ||||||||||||||||
Rate of compensation increase | 5 | % | 5 | % | 5 | % | 5 | % | 5 | % | 5 | % | |||||||||||||
Yield curves matching our benefit obligations were derived using a model based on high quality corporate bond data from Bloomberg. The model develops a discount rate by selecting a portfolio of high quality corporate bonds whose projected cash flows match the projected benefit payments of the plan. The resulting curves were used to identify a discount rate for the Company of 5.25% and 4.30% at December 31, 2013 and 2012, respectively, based on the timing of future benefit payments. The expected long-term return on plan assets used for each period in the three years ended December 2013 was made based on an analysis of the asset returns over multiple time horizons for the Company’s actual plan and for other comparable U.S. corporations. At December 31, 2013, Newmont has estimated the expected long term return on plan assets to be 7.75% in calculating its benefit obligation, which will be used in determining future net periodic benefit cost. Determination of the long-term return on plan assets is a result of considering the most recent capital market forecasts and the plans’ current allocation as well as the actual return on plan assets as compared to the expected return on assets over the last 5 years. The average actual return on plan assets during the 25 years ended December 31, 2013 approximated 9%. | |||||||||||||||||||||||||
Newmont has two pension calculations for salaried U.S. employees. The first is a “Final Average Pay” pension calculation which pays a monthly amount to employees in retirement based in part on their highest five year eligible earnings and years of credited service. This option is only eligible to salaried employees hired before 2007 and who elected in 2007 to remain in this plan over the Stable Value formula. The second is the “Stable Value” calculation which provides a lump sum payment to employees upon retirement. In 2013, Newmont announced that all employees in the “Final Average Pay” pension formula would transition to the “Stable Value” calculation for future pension earnings. The anticipated effective date for this transition is mid-2014. | |||||||||||||||||||||||||
The pension plans employ several independent investment firms which invest the assets of the plans in certain approved funds that correspond to specific asset classes with associated target allocations. The goal of the pension fund investment program is to achieve prudent actuarial funding ratios while maintaining acceptable risk levels. The investment performance of the plans and that of the individual investment firms is measured against recognized market indices. The performance of the pension funds are monitored by an investment committee comprised of members of the Company’s management, which is advised by an independent investment consultant. With the exception of global capital market economic risks, the Company has identified no significant portfolio risks associated to asset classes. The following is a summary of the target asset allocations for 2013 and the actual asset allocation at December 31, 2013. | |||||||||||||||||||||||||
Asset Allocation | Target | Actual at | |||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
U.S. equity investments | 21 | % | 22 | % | |||||||||||||||||||||
International equity investments | 22 | % | 22 | % | |||||||||||||||||||||
Fixed income investments | 49 | % | 48 | % | |||||||||||||||||||||
Other | 8 | % | 8 | % | |||||||||||||||||||||
The following table sets forth the Company’s pension plan assets measured at fair value by level within the fair value hierarchy. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||||||
Fair Value at December 31, 2013 | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
Plan Assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 2 | $ | — | $ | — | $ | 2 | |||||||||||||||||
Commingled funds | — | 679 | — | 679 | |||||||||||||||||||||
$ | 2 | $ | 679 | $ | — | $ | 681 | ||||||||||||||||||
Fair Value at December 31, 2012 | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
Plan Assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 2 | $ | — | $ | — | $ | 2 | |||||||||||||||||
Commingled funds | — | 636 | — | 636 | |||||||||||||||||||||
$ | 2 | $ | 636 | $ | — | $ | 638 | ||||||||||||||||||
The pension plans’ cash and cash equivalents are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities. | |||||||||||||||||||||||||
The pension plans’ commingled fund investments are classified within Level 2. The funds are managed by several fund managers and are valued at the net asset value per share for each fund. Although the majority of underlying assets in the funds consist of actively traded equity securities and bonds, the unit of account is considered to be at the fund level, and therefore, the investments are classified as Level 2. At December 31, 2013, the underlying assets of the commingled funds consist of U.S. equity investments (22%), international equity investments (22%), fixed income investments (48%), and other investments (8%). | |||||||||||||||||||||||||
The assumed health care trend rate used to measure the expected cost of benefits is 7.40% in 2014 and decreases gradually each year to 5.00% in 2019, which is used thereafter. | |||||||||||||||||||||||||
One-percentage-point | One-percentage-point | ||||||||||||||||||||||||
Increase | Decrease | ||||||||||||||||||||||||
Effect on total of service and interest cost components of net periodic post-retirement health care benefit cost | $ | 2 | $ | (1 | ) | ||||||||||||||||||||
Effect on the health care component of the accumulated post-retirement benefit obligation | $ | 18 | $ | (14 | ) | ||||||||||||||||||||
Cash Flows | |||||||||||||||||||||||||
Benefit payments expected to be paid to pension plans are as follows: $35 in 2014, $35 in 2015, $37 in 2016, $44 in 2017, $47 in 2018, and $312 in total over the five years from 2019 through 2023. Benefit payments made to other benefit plan participants are expected to be as follows: $5 in 2014, $5 in 2015, $5 in 2016, $6 in 2017, $6 in 2018, and $40 in total over the five years from 2019 through 2023. | |||||||||||||||||||||||||
Savings Plans | |||||||||||||||||||||||||
The Company has two qualified defined contribution savings plans, one that covers salaried and non-union hourly employees and one that covers substantially all hourly union employees. In addition, the Company has one non-qualified supplemental savings plan for salaried employees whose benefits under the qualified plan are limited by federal regulations. When an employee meets eligibility requirements, the Company matches 100% of employee contributions of up to 6% of eligible earnings for the salaried and hourly union plans. The Company makes a contribution between 5.0% and 7.5%, based on continuous years of service, to each Western Nevada hourly employee’s retirement contribution account at its sole discretion. Matching contributions were made with Newmont stock up until August 2013; however, no holding restrictions are placed on such contributions, which totaled $14 in 2013, $20 in 2012, and $17 in 2011. Beginning in September 2013, matching contributions were made in cash. |
STOCK_BASED_COMPENSATION
STOCK BASED COMPENSATION | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||
STOCK BASED COMPENSATION | ' | ||||||||||||||||||||||||
NOTE 15 | STOCK BASED COMPENSATION | ||||||||||||||||||||||||
The Company has stock incentive plans for executives and eligible employees. Stock incentive awards include restricted stock units, performance leveraged stock units, financial performance stock bonuses, and strategic stock units. The Company issues new shares of common stock to satisfy exercises and vesting under all of its stock incentive awards. Prior to 2012, the Company also granted options to purchase shares of stock with exercise prices not less than fair market value of the underlying stock at the date of grant. At December 31, 2013, 9,307,308 shares were available for future stock incentive plan awards. | |||||||||||||||||||||||||
Employee Stock Options | |||||||||||||||||||||||||
Stock options granted under the Company’s stock incentive plans vest over periods of three years or more and are exercisable over a period of time not to exceed 10 years from the grant date. The value of each option award is estimated at the grant date using the Black-Scholes option pricing model. The Black-Scholes option pricing model requires the input of subjective assumptions, including the expected term of the option award and stock price volatility. The expected term of options granted is derived from historical data on employee exercise and post-vesting employment termination experience. Expected volatility is based on the historical volatility of our stock at the grant date. These estimates involve inherent uncertainties and the application of management’s judgment. In addition, the Company is required to estimate the expected forfeiture rate and only recognize expense for those options expected to vest. As a result, if other assumptions had been used, the Company’s recorded stock based compensation expense would have been different from that reported. The Black-Scholes option pricing model used the following weighted-average assumptions: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
Weighted-average risk-free interest rate | N/A | N/A | 2 | % | 2.5 | % | 2 | % | |||||||||||||||||
Dividend yield | N/A | N/A | 1.4 | % | 0.7 | % | 1 | % | |||||||||||||||||
Expected life in years | N/A | N/A | 6 | 5 | 5 | ||||||||||||||||||||
Volatility | N/A | N/A | 37 | % | 38 | % | 36 | % | |||||||||||||||||
The following table summarizes annual activity for all stock options for each of the three years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Number of | Weighted- | Number of | Weighted- | Number of | Weighted- | ||||||||||||||||||||
Shares | Average | Shares | Average | Shares | Average | ||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 4,409,924 | $ | 48.69 | 5,481,341 | $ | 48.4 | 5,414,205 | $ | 45.36 | ||||||||||||||||
Granted | — | $ | — | — | $ | — | 1,276,250 | $ | 58.72 | ||||||||||||||||
Exercised | (46,697 | ) | $ | 35.22 | (591,859 | ) | $ | 41.22 | (928,037 | ) | $ | 43.67 | |||||||||||||
Forfeited and expired | (1,175,464 | ) | $ | 50.2 | (479,558 | ) | $ | 54.57 | (281,077 | ) | $ | 56.56 | |||||||||||||
Outstanding at end of year | 3,187,763 | $ | 48.33 | 4,409,924 | $ | 48.69 | 5,481,341 | $ | 48.4 | ||||||||||||||||
Options exercisable at year-end | 2,934,718 | $ | 47.47 | 3,191,850 | $ | 48.07 | 3,166,178 | $ | 46.22 | ||||||||||||||||
Weighted-average fair value per share of options granted during the year | N/A | N/A | $ | 18.9 | |||||||||||||||||||||
The following table summarizes information about stock options outstanding and exercisable at December 31, 2013: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of Exercise Prices | Number | Weighted- | Weighted- | Number | Weighted- | ||||||||||||||||||||
Outstanding | Average | Average | Exercisable | Average | |||||||||||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||||||||||
Contractual | Price | Price | |||||||||||||||||||||||
Life (in years) | |||||||||||||||||||||||||
$20 to $30 | 300,000 | 4.8 | $ | 26.91 | 300,000 | $ | 26.91 | ||||||||||||||||||
$30 to $40 | 524,237 | 4.9 | $ | 39.75 | 524,237 | $ | 39.75 | ||||||||||||||||||
$40 to $50 | 796,618 | 3.1 | $ | 43.95 | 791,236 | $ | 43.95 | ||||||||||||||||||
$50 to $60 | 1,556,403 | 6.3 | $ | 57.47 | 1,312,243 | $ | 57.28 | ||||||||||||||||||
$60+ | 10,505 | 7.9 | $ | 66.48 | 7,002 | $ | 66.48 | ||||||||||||||||||
3,187,763 | 5.2 | $ | 48.33 | 2,934,718 | $ | 47.47 | |||||||||||||||||||
At December 31, 2013, there was $2 of unrecognized compensation cost related to 253,045 unvested stock options. All unrecognized compensation costs related to unvested stock options are expected to be recognized during 2014. The total intrinsic value of options exercised in 2013, 2012 and 2011 was $0, $5 and $18, respectively. At December 31, 2013, outstanding and exercisable options had no aggregated intrinsic value. | |||||||||||||||||||||||||
The following stock options vested in each of the three years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Stock options vested | 862,127 | 1,003,888 | 950,119 | ||||||||||||||||||||||
Weighted-average exercise price | $ | 46.86 | $ | 52.09 | $ | 46.73 | |||||||||||||||||||
Other Stock Based Compensation | |||||||||||||||||||||||||
The Company grants restricted stock units to executives and eligible employees upon achievement of certain financial and operating results. Restricted stock units vest over periods of three years or more. Prior to vesting, holders of restricted stock units do not have the right to vote the underlying shares; however, executives accrue dividend equivalents on their restricted stock units, which are paid at the time the restricted stock units vest. The restricted stock units are subject to forfeiture risk and other restrictions. Upon vesting, the employee is entitled to receive one share of the Company’s common stock for each restricted stock unit. In 2013, 2012 and 2011, the Company granted 958,060, 1,062,819 and 586,944 restricted stock units, respectively, at a weighted-average fair market value of $40, $51 and $57, respectively, per underlying share of the Company’s common stock. At December 31, 2013, 776,674, 506,206 and 108,884 shares remain unvested for the 2013, 2012 and 2011 grants, respectively. | |||||||||||||||||||||||||
The Company grants performance leveraged stock units (“PSUs”) to eligible executives, based upon certain measures of shareholder return. In 2013, 2012, and 2011, the Company granted 272,683, 241,448, and 102,313 PSUs, respectively, at a weighted-average fair market value of $46, $77, and $76, respectively. The actual number of PSUs that vest are determined at the end of a three year performance period. At December 31, 2013, 272,683, 210,549, and 102,313 PSUs remained unvested for the 2013, 2012, and 2011 grants. | |||||||||||||||||||||||||
The Company granted financial performance stock bonuses to eligible executives upon achievement of certain financial and operating results, based on a targeted number of shares at the beginning of each performance period. At the end of the performance period, one third of the bonus was paid in common stock and two-thirds of the bonus were paid in restricted stock units that vest in equal annual increments at the second and third anniversaries of the start of the performance period. In 2012 and 2011 the Company granted 35,245 and 42,932 common shares, respectively, and 70,501 and 85,632 restricted stock units, respectively, included in the restricted stock unit grants above at a fair market value of $59 and $55 per underlying share of the Company’s common stock, respectively, under the financial performance stock bonus plan. | |||||||||||||||||||||||||
Beginning in 2013, the Company grants strategic stock units (“SSUs”) to eligible executives, based upon certain measures of adjusted earnings before income tax, depreciation and amortization (“Adjusted EBITDA”), based on a targeted number of shares at the beginning of each performance period. At the end of the performance period, one third of the SSUs are issued without restriction in the form of common stock, and two-thirds of the bonus is paid in restricted stock units that vest in equal annual increments at the second and third anniversaries of the start of the performance period. In 2013, the Company granted 50,997 common shares and 102,009 restricted stock units, included in the restricted stock unit grants above, at a fair market value of $41 per underlying share of the Company’s common stock, under the SSU stock bonus plan. At December 31, 2013, 61,030 SSUs remained unvested for the 2013 grant. | |||||||||||||||||||||||||
The total intrinsic value of other stock based compensation awards that vested in 2013, 2012 and 2011 was $34, $37 and $33, respectively. At December 31, 2013, there was $60 of unrecognized compensation costs related to the unvested other stock based compensation awards. This cost is expected to be recognized over a weighted-average period of approximately two years. | |||||||||||||||||||||||||
The Company recognized stock based compensation as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Restricted stock units | $ | 31 | $ | 26 | $ | 32 | |||||||||||||||||||
Stock options | 7 | 13 | 19 | ||||||||||||||||||||||
Performance leveraged stock units | 8 | 10 | 7 | ||||||||||||||||||||||
Strategic stock units | 5 | 2 | — | ||||||||||||||||||||||
$ | 51 | $ | 51 | $ | 58 | ||||||||||||||||||||
ACQUISITIONS
ACQUISITIONS | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
ACQUISITIONS | ' | ||||
NOTE 16 | ACQUISITIONS | ||||
On April 6, 2011, Newmont acquired all of the outstanding common shares of Fronteer Gold Inc. (“Fronteer”). Pursuant to the terms of the acquisition, shareholders of Fronteer received C$14.00 in cash and one-fourth of a common share in Pilot Gold, which retained certain exploration assets of Fronteer, for each common share of Fronteer. Newmont completed the acquisition to acquire, among other assets, the exploration stage Long Canyon project, which is located approximately one hundred miles from the Company’s existing infrastructure in Nevada and provides the potential for significant development and operating synergies. In connection with the acquisition, Newmont incurred transaction costs of $22, which were recorded in Other Expense, net. See Note 17 for additional information regarding impairments of assets related to the Fronteer Acquisition. | |||||
The Fronteer purchase price allocation was based on the estimated fair value of assets acquired and liabilities assumed as follows: | |||||
Assets: | |||||
Cash | $ | 2 | |||
Property, plant and mine development, net | 3,226 | ||||
Investments | 281 | ||||
Other assets | 7 | ||||
$ | 3,516 | ||||
Liabilities: | |||||
Deferred income tax liability | $ | 1,241 | |||
Other liabilities | 16 | ||||
1,257 | |||||
Net assets acquired | $ | 2,259 | |||
The pro forma impact of the acquisition on Net Income was not material as Fronteer was not in production. | |||||
On June 25, 2009 the Company completed the acquisition of the remaining 33.33% interest in Boddington from AngloGold Ashanti Australia Limited (“AngloGold”). Consideration for the acquisition consisted of $982 and a contingent royalty capped at $100, equal to 50% of the average realized operating margin (Revenue less Costs applicable to sales on a by-product basis), if any, exceeding $600 per ounce, payable quarterly beginning in the second quarter of 2010 on one-third of gold sales from Boddington. At the acquisition date, the Company estimated the fair value of the contingent consideration at $62. | |||||
At December 31, 2013 and 2012, the estimated fair value of the unpaid contingent consideration was approximately $10 and $41, respectively. Changes to the estimated fair value resulting from periodic revaluations are recorded to Other expense, net. This contingent royalty is capped at $100 in aggregate payments. At December 31, 2013, the Company recorded a decrease to the accrual of $18 due to changes in economic conditions and revised mine plans at Boddington. During 2013, 2012 and 2011, the Company paid $13, $25 and $30, respectively, related to the contingent consideration. The range of remaining undiscounted amounts the Company could pay is between $0 and $28. |
FAIR_VALUE_ACCOUNTING
FAIR VALUE ACCOUNTING | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
FAIR VALUE ACCOUNTING | ' | ||||||||||||||||||||||||
NOTE 17 | FAIR VALUE ACCOUNTING | ||||||||||||||||||||||||
Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: | |||||||||||||||||||||||||
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | ||||||||||||||||||||||||
Level 2 | Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and | ||||||||||||||||||||||||
Level 3 | Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). | ||||||||||||||||||||||||
The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||||||
Fair Value at December 31, 2013 | |||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Cash equivalents | $ | 918 | $ | 918 | $ | — | $ | — | |||||||||||||||||
Marketable equity securities: | |||||||||||||||||||||||||
Extractive industries | 350 | 350 | — | — | |||||||||||||||||||||
Other | 17 | 17 | — | — | |||||||||||||||||||||
Marketable debt securities: | |||||||||||||||||||||||||
Asset backed commercial paper | 25 | — | — | 25 | |||||||||||||||||||||
Auction rate securities | 5 | — | — | 5 | |||||||||||||||||||||
Trade receivable from provisional copper and gold concentrate sales, net | 177 | 177 | — | — | |||||||||||||||||||||
Derivative instruments, net: | |||||||||||||||||||||||||
Diesel forward contracts | 4 | — | 4 | — | |||||||||||||||||||||
$ | 1,496 | $ | 1,462 | $ | 4 | $ | 30 | ||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||
Foreign exchange forward contracts | $ | 95 | $ | — | $ | 95 | $ | — | |||||||||||||||||
Boddington contingent consideration | 10 | — | — | 10 | |||||||||||||||||||||
Holt Property Royalty | 134 | — | — | 134 | |||||||||||||||||||||
$ | 239 | $ | — | $ | 95 | $ | 144 | ||||||||||||||||||
The fair values of the derivative instruments in the table above are presented on a net basis. The gross amounts related to the fair value of the derivatives instruments above are included in the Derivatives Instruments Note (see Note 18). All other Fair Value disclosures in the above table are presented on a gross basis. | |||||||||||||||||||||||||
The Company’s cash equivalent instruments are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash equivalent instruments that are valued based on quoted market prices in active markets are primarily money market securities and U.S. Treasury securities. | |||||||||||||||||||||||||
The Company’s marketable equity securities are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The securities are segregated based on industry. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company. | |||||||||||||||||||||||||
The Company’s marketable corporate debt securities are mainly comingled fund investments that are classified within Level 2 with the unit of account considered to be at the fund level. | |||||||||||||||||||||||||
The Company’s marketable debt securities also include investments in auction rate securities and asset backed commercial paper. The Company reviews the fair value for auction rate securities and asset backed commercial paper on a quarterly basis. The auction rate securities are traded in markets that are not active, trade infrequently and have little price transparency. Therefore, the investments are classified as Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | |||||||||||||||||||||||||
The Company’s net trade receivable from provisional copper and gold concentrate sales, subject to final pricing, is valued using quoted market prices based on forward curves and, as such, is classified within Level 1 of the fair value hierarchy. | |||||||||||||||||||||||||
The Company’s derivative instruments are valued using pricing models and the Company generally uses similar models to value similar instruments. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility, and correlations of such inputs. The Company’s derivatives trade in liquid markets, and as such, model inputs can generally be verified and do not involve significant management judgment. Such instruments are classified within Level 2 of the fair value hierarchy. | |||||||||||||||||||||||||
The estimated value of the Boddington contingent royalty was determined using a Monte Carlo valuation model which simulates future gold and copper prices and costs applicable to sales. This contingent royalty is capped at $100. The Company decreased the liability to $10 at December 31, 2013 due to the decrease in commodity prices. The Boddington contingent royalty is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | |||||||||||||||||||||||||
The estimated fair value of the Holt sliding scale royalty was determined using a Monte Carlo valuation model to simulate future gold prices, various weighted gold production scenarios from publicly available reserve and resource information and a weighted average discount rate. The sliding scale royalty liability is classified within Level 3 of the fair value hierarchy. See table below which sets forth a summary of the quantitative and qualitative information related to the significant unobservable inputs used in the calculation of the fair value. | |||||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities for the year ended December 31, 2013: | |||||||||||||||||||||||||
Description | At | Valuation technique | Unobservable input | Range/Weighted | |||||||||||||||||||||
December 31, | average | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Auction Rate Securities | $ | 5 | Discounted cash flow | Weighted average recoverability rate | 58% | ||||||||||||||||||||
Asset Backed Commercial Paper | 25 | Discounted cash flow | Recoverability rate | 80-90% | |||||||||||||||||||||
Boddington Contingent Consideration | 10 | Monte Carlo | Discount rate | 5% | |||||||||||||||||||||
LT Gold price | $1,300 | ||||||||||||||||||||||||
LT Copper price | $3.00 | ||||||||||||||||||||||||
Holt property royalty | 134 | Monte Carlo | Weighted average discount rate | 5% | |||||||||||||||||||||
LT Gold price | $1,300 | ||||||||||||||||||||||||
Weighted average gold production scenarios (in 000’s of ounces) | 393-1,180 | ||||||||||||||||||||||||
The following table sets forth a summary of changes in the fair value, on a recurring basis, of the Company’s Level 3 financial assets and liabilities for the year ended December 31, 2013: | |||||||||||||||||||||||||
Auction | Asset Backed | Total Assets | Boddington | Holt Property | Total | ||||||||||||||||||||
Rate | Commercial | Contingent | Royalty | Liabilities | |||||||||||||||||||||
Securities | Paper | Consideration | |||||||||||||||||||||||
31-Dec-12 | $ | 5 | $ | 19 | $ | 24 | $ | 41 | $ | 240 | $ | 281 | |||||||||||||
Revaluation | — | 6 | 6 | (18 | ) | (88 | ) | (106 | ) | ||||||||||||||||
Settlements | — | — | — | (13 | ) | (18 | ) | (31 | ) | ||||||||||||||||
31-Dec-13 | $ | 5 | $ | 25 | $ | 30 | $ | 10 | $ | 134 | $ | 144 | |||||||||||||
At December 31, 2013, the assets and liabilities classified within Level 3 of the fair value hierarchy represent 2% and 60% of the total assets and liabilities measured at fair value, on a recurring basis. | |||||||||||||||||||||||||
During the second and fourth quarters of 2013, Newmont recorded write-downs related to Property, plant and equipment, net. (See Note 6). The estimated fair values of Property, plant and mine development, net, Goodwill and Intangible assets used in determining the impairments followed the discounted cash flow approach. The total write-downs recorded during 2013 totaled $ 4,352. The discounted cash flow model used significant unobservable inputs and is, therefore, considered within Level 3 of the fair value hierarchy. | |||||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company’s nonrecurring Level 3 non-financial assets: | |||||||||||||||||||||||||
Description | At | Valuation technique | Unobservable input | Range/Weighted | |||||||||||||||||||||
December 31, | average | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Property, plant and mine development, net | $ | 14,277 | Discounted cash flow | Discount rate | 4.25-5.00% | ||||||||||||||||||||
Long Term Gold price | $1,300-1,400 | ||||||||||||||||||||||||
Long Term Copper price | $3.00 | ||||||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.920-0.935 | ||||||||||||||||||||||||
Goodwill and Intangible assets | 230 | Discounted cash flow | Discount rate | 3.75-5.00% | |||||||||||||||||||||
Long Term Gold price | $1,300-1,400 | ||||||||||||||||||||||||
Long Term Copper price | $3.00 | ||||||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.920-0.935 |
DERIVATIVE_INSTRUMENTS
DERIVATIVE INSTRUMENTS | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
DERIVATIVE INSTRUMENTS | ' | ||||||||||||||||||||||||
NOTE 18 | DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||
The Company’s strategy is to provide shareholders with leverage to changes in gold and copper prices by selling its production at spot market prices. Consequently, the Company does not hedge its gold and copper sales. The Company continues to manage certain risks associated with commodity input costs, interest rates and foreign currencies using the derivative market. All of the derivative instruments utilized by the Company and described below were transacted for risk management purposes and qualify as cash flow or fair value hedges. | |||||||||||||||||||||||||
Cash Flow Hedges | |||||||||||||||||||||||||
The foreign currency, diesel and forward starting swap contracts are designated as cash flow hedges, and as such, the effective portion of unrealized changes in market value have been recorded in Accumulated other comprehensive income (loss) and are reclassified to income during the period in which the hedged transaction affects earnings. Gains and losses from hedge ineffectiveness are recognized in current earnings. | |||||||||||||||||||||||||
Foreign Currency Contracts | |||||||||||||||||||||||||
Newmont utilizes foreign currency contracts to reduce the variability of the US dollar amount of forecasted foreign currency expenditures caused by changes in exchange rates. Newmont hedges a portion of the Company’s A$ and NZ$ denominated operating expenditures which results in a blended rate realized each period. The hedging instruments are fixed forward contracts with expiration dates ranging up to five years from the date of issue. The principal hedging objective is reduction in the volatility of realized period-on-period $/A$ and $/NZ$ rates, respectively and the related reduction in volatility of the underlying operating and capital costs as a result of currency changes. | |||||||||||||||||||||||||
Newmont hedged A$ denominated capital expenditures related to the Akyem project in Africa utilizing fixed forward contracts. The $1 net realized gain associated with the capital expenditures was recorded in Accumulated other comprehensive income (loss) net of tax and is being recognized in Amortization over the life of the related Akyem assets. During 2013, the A$ capital expenditure hedge program increased Akyem amortization by $nil. At December 31, 2013, the Company had no outstanding hedges for the Akyem capital program. | |||||||||||||||||||||||||
In July 2011, Newmont began hedging a portion of the Company’s A$ denominated capital expenditures related to the planned construction of a mine shaft at Tanami in Australia utilizing foreign currency contracts. In November 2012, Newmont decided to defer further construction of the project to evaluate the impact of the Auron discovery on the overall life of the mine plan. As a result, the forecasted transaction is no longer probable to occur within the original expected time frame, and hedge accounting has been discontinued. This resulted in a $3 gain reclassified from Accumulated other comprehensive income (loss), net of tax to Income. | |||||||||||||||||||||||||
Newmont had the following foreign currency derivative contracts outstanding at December 31, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Total/ | ||||||||||||||||||||
Average | |||||||||||||||||||||||||
A$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
A$ notional (millions) | 312 | 270 | 158 | 105 | 6 | 851 | |||||||||||||||||||
Average rate ($/A$) | 1 | 0.98 | 0.95 | 0.93 | 0.92 | 0.97 | |||||||||||||||||||
Expected hedge ratio | 20 | % | 18 | % | 11 | % | 7 | % | 4 | % | |||||||||||||||
NZ$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
NZ$ notional (millions) | 65 | 24 | 89 | ||||||||||||||||||||||
Average rate ($/NZ$) | 0.8 | 0.78 | 0.79 | ||||||||||||||||||||||
Expected hedge ratio | 59 | % | 21 | % | |||||||||||||||||||||
In order to reduce derivative exposure to a lower Australian dollar, in October 2013 the Company began closing out certain foreign currency contracts. As of October 25, 2013 the Company settled approximately A$2,100 in notional contracts for a net gain of approximately $46. These gains are recorded in Accumulated other comprehensive income (loss) as the hedged transactions, A$ denominated operating costs, are still probable of occurring over the original time period. The amount deferred in OCI will be recognized in earnings over a period of five years as the original hedge transactions occur. From time to time, and depending upon business considerations and market conditions, the Company may consider closing out additional Australian dollar hedging contracts, or conversely, may enter into new Australian dollar hedging contracts. | |||||||||||||||||||||||||
Diesel Fixed Forward Contracts | |||||||||||||||||||||||||
Newmont hedges a portion of its operating cost exposure related to diesel consumed at its Nevada operations to reduce the variability in realized diesel prices. The hedging instruments consist of a series of financially settled fixed forward contracts with expiration dates up to three years. | |||||||||||||||||||||||||
Newmont had the following diesel derivative contracts outstanding at December 31, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
2014 | 2015 | 2016 | Total/ | ||||||||||||||||||||||
Average | |||||||||||||||||||||||||
Diesel Fixed Forward Contracts: | |||||||||||||||||||||||||
Diesel gallons (millions) | 24 | 14 | 6 | 44 | |||||||||||||||||||||
Average rate ($/gallon) | 2.87 | 2.77 | 2.69 | 2.82 | |||||||||||||||||||||
Expected Nevada hedge ratio | 62 | % | 36 | % | 14 | % | |||||||||||||||||||
Forward Starting Swap Contracts | |||||||||||||||||||||||||
During 2011, Newmont entered into forward starting interest rate swap contracts with a total notional value of $2,000. These contracts hedged movements in treasury rates related to a debt issuance that occurred in the first quarter of 2012. On March 8, 2012, Newmont closed its sale of $2,500 senior notes consisting of 3.5% senior notes due 2022 in the principal amount of $1,500 (10-year notes), and 4.875% senior notes due 2042 in the principal amount of $1,000 (30-year notes). As a result, the forward-starting interest rate swaps were settled for $362, of which $349 represented the effective portion of the hedging instrument included in Accumulated other comprehensive income (loss) and recognized in Interest expense consistent with the interest incurred on the senior notes issued in 2012. The net proceeds from the debt issuance were adjusted by the settlement amount of the swap contracts and included as a financing activity in the Consolidated Statements of Cash Flow. | |||||||||||||||||||||||||
Fair Value Hedges | |||||||||||||||||||||||||
Interest Rate Swap Contracts | |||||||||||||||||||||||||
Newmont had $222 fixed to floating swap contracts designated as a hedge against 8 5/8% debentures which matured in May 2011. | |||||||||||||||||||||||||
Derivative Instrument Fair Values | |||||||||||||||||||||||||
Newmont had the following derivative instruments designated as hedges at December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Fair Values of Derivative Instruments | |||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Other Current | Other Long-Term | Other Current | Other Long-Term | ||||||||||||||||||||||
Assets | Assets | Liabilities | Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forward contracts | $ | — | $ | — | $ | 36 | $ | 60 | |||||||||||||||||
NZ$ operating fixed forward contracts | 1 | — | — | — | |||||||||||||||||||||
Diesel fixed forward contracts | 3 | 1 | — | — | |||||||||||||||||||||
Total derivative instruments (Notes 22 and 25) | $ | 4 | $ | 1 | $ | 36 | $ | 60 | |||||||||||||||||
Fair Values of Derivative Instruments | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Other Current | Other Long-Term | Other Current | Other Long-Term | ||||||||||||||||||||||
Assets | Assets | Liabilities | Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forward contracts | $ | 108 | $ | 143 | $ | — | $ | 1 | |||||||||||||||||
NZ$ operating fixed forward contracts | 2 | — | — | — | |||||||||||||||||||||
Diesel fixed forward contracts | 2 | 1 | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 22 and 25) | $ | 112 | $ | 144 | $ | 1 | $ | 2 | |||||||||||||||||
The following tables show the location and amount of gains (losses) reported in the Company’s Consolidated Financial Statements related to the Company’s cash flow hedges. | |||||||||||||||||||||||||
Foreign Currency Exchange Contracts | Diesel Fixed Forward Contracts | ||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (effective portion) | $ | (266 | ) | $ | 192 | $ | 151 | $ | 3 | $ | 7 | $ | 6 | ||||||||||||
Gain reclassified from Accumulated other comprehensive income into income (effective portion) (1) | $ | 85 | $ | 166 | $ | 188 | $ | 2 | $ | 7 | $ | 14 | |||||||||||||
Forward Starting Swap Contracts | |||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (effective portion) | $ | — | $ | 36 | $ | (399 | ) | ||||||||||||||||||
(Loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1) | $ | (19 | ) | $ | (10 | ) | $ | — | |||||||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (ineffective portion) (2) | $ | — | $ | 2 | $ | (15 | ) | ||||||||||||||||||
(1) | The gain (loss) for the effective portion of the foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income (loss) is included in Costs applicable to sales. The loss for the effective portion of the forward starting swaps reclassified from Accumulated other comprehensive income (loss) is included in Interest Expense. | ||||||||||||||||||||||||
(2) | The ineffective portion recognized for cash flow hedges is included in Other Income, net. | ||||||||||||||||||||||||
Interest Rate Swap Contracts | 8 5/8% Debentures (Hedged Portion) | ||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||
Fair value hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in income (effective portion) (1) | $ | — | $ | — | $ | 3 | $ | — | $ | — | $ | (6 | ) | ||||||||||||
Gain (loss) recognized in income (ineffective portion) (2) | $ | — | $ | — | $ | (2 | ) | $ | — | $ | — | $ | — | ||||||||||||
-1 | The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net. | ||||||||||||||||||||||||
(2) | The ineffective portion recognized for cash flow hedges is included in Other income, net. | ||||||||||||||||||||||||
The amount to be reclassified from Accumulated other comprehensive income (loss), net of tax to income during the next 12 months is a loss of approximately $34. | |||||||||||||||||||||||||
Provisional Copper and Gold Sales | |||||||||||||||||||||||||
The Company’s provisional copper and gold sales contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the gold and copper concentrates at the prevailing indices’ prices at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement. | |||||||||||||||||||||||||
London Metal Exchange (“LME”) copper prices averaged $3.32 per pound during 2013, compared with the Company’s recorded average provisional price of $3.30 per pound before mark-to-market adjustments and treatment and refining charges. During 2013 changes in copper prices resulted in a provisional pricing mark-to-market loss of $11 ($0.05 per pound). At December 31, 2013, Newmont had copper sales of 61 million pounds priced at an average of $3.34 per pound, subject to final pricing over the next several months. | |||||||||||||||||||||||||
The average London P.M. fix for gold was $1,411 per ounce during 2013, compared to the Company’s recorded average provisional price of $1,402 per ounce before mark-to-market adjustments and treatment and refining charges. During 2013, changes in gold prices resulted in a provisional pricing mark-to-market loss of $17 ($3 per ounce). At December 31, 2013, Newmont had gold sales of 100,000 ounces priced at an average of $1,215 per ounce, subject to final pricing over the next several months. |
INVESTMENTS
INVESTMENTS | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
INVESTMENTS | ' | ||||||||||||||||||||||||
NOTE 19 | INVESTMENTS | ||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | |||||||||||||||||||||||
Basis | Gain | Loss | Basis | ||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Gabriel Resources Ltd. | $ | 37 | $ | — | $ | — | $ | 37 | |||||||||||||||||
Paladin Energy Ltd. | 21 | 1 | — | 22 | |||||||||||||||||||||
Other | 19 | 4 | (4 | ) | 19 | ||||||||||||||||||||
$ | 77 | $ | 5 | $ | (4 | ) | $ | 78 | |||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Marketable Debt Securities: | |||||||||||||||||||||||||
Asset backed commercial paper | $ | 23 | $ | 2 | $ | — | $ | 25 | |||||||||||||||||
Auction rate securities | 8 | — | (3 | ) | 5 | ||||||||||||||||||||
31 | 2 | (3 | ) | 30 | |||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Regis Resources Ltd. | 165 | 88 | — | 253 | |||||||||||||||||||||
Other | 30 | 5 | — | 35 | |||||||||||||||||||||
195 | 93 | — | 288 | ||||||||||||||||||||||
Other investments, at cost | 13 | — | — | 13 | |||||||||||||||||||||
Investment in Affiliates: | |||||||||||||||||||||||||
Minera La Zanja S.R.L | 92 | — | — | 92 | |||||||||||||||||||||
Novo Resources Corp. | 16 | — | — | 16 | |||||||||||||||||||||
$ | 347 | $ | 95 | $ | (3 | ) | $ | 439 | |||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | |||||||||||||||||||||||
Basis | Gain | Loss | Basis | ||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Paladin Energy Ltd. | $ | 60 | $ | — | $ | (3 | ) | $ | 57 | ||||||||||||||||
Other | 17 | 14 | (2 | ) | 29 | ||||||||||||||||||||
$ | 77 | $ | 14 | $ | (5 | ) | $ | 86 | |||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Marketable Debt Securities: | |||||||||||||||||||||||||
Asset backed commercial paper | $ | 25 | $ | — | $ | (6 | ) | $ | 19 | ||||||||||||||||
Auction rate securities | 7 | — | (2 | ) | 5 | ||||||||||||||||||||
32 | — | (8 | ) | 24 | |||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Canadian Oil Sands Trust | 310 | 318 | — | 628 | |||||||||||||||||||||
Gabriel Resources Ltd. | 78 | 42 | — | 120 | |||||||||||||||||||||
Regis Resources Ltd. | 166 | 352 | — | 518 | |||||||||||||||||||||
Other | 65 | 14 | — | 79 | |||||||||||||||||||||
619 | 726 | — | 1,345 | ||||||||||||||||||||||
Other investments, at cost | 12 | — | — | 12 | |||||||||||||||||||||
Investment in Affiliates: | |||||||||||||||||||||||||
Minera La Zanja S.R.L | 65 | — | — | 65 | |||||||||||||||||||||
$ | 728 | $ | 726 | $ | (8 | ) | $ | 1,446 | |||||||||||||||||
In 2013, the Company recognized impairments for other-than-temporary declines in value of $105 for marketable equity securities, including $39 related to its holdings of Paladin Energy, Ltd and $36 related to its holdings of Gabriel Resources Ltd. In 2012, the Company recognized impairments for other-than-temporary declines in value of $47 for marketable equity securities. | |||||||||||||||||||||||||
In September 2013, the Company purchased a 35.7% share of Novo for approximately $16. Subsequently, in December 2013, Novo issued additional shares for the exercise of warrants and stock options which reduced Newmont’s ownership to 32%. Novo owns a majority of the Beaton’s Creek discovery with Millennium Minerals in the Pilbara region of Western Australia. The Company accounts for this ownership interest as an equity method investment. | |||||||||||||||||||||||||
On July 8, 2013, the Company sold its investment in Canadian Oil Sands Limited for $587, resulting in a pretax gain of $280 recorded in Other income, net. | |||||||||||||||||||||||||
The following tables present the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
At December 31, 2013 | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
Asset backed commercial paper | $ | — | $ | — | $ | 25 | $ | — | $ | 25 | $ | — | |||||||||||||
Auction rate securities | — | — | 5 | 3 | 5 | 3 | |||||||||||||||||||
Marketable equity securities | 54 | 4 | — | — | 54 | 4 | |||||||||||||||||||
$ | 54 | $ | 4 | $ | 30 | $ | 3 | $ | 84 | $ | 7 | ||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
At December 31, 2012 | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
Asset backed commercial paper | $ | — | $ | — | $ | 19 | $ | 6 | $ | 19 | $ | 6 | |||||||||||||
Auction rate securities | — | — | 5 | 2 | 5 | 2 | |||||||||||||||||||
Marketable equity securities | 79 | 5 | — | — | 79 | 5 | |||||||||||||||||||
$ | 79 | $ | 5 | $ | 24 | $ | 8 | $ | 103 | $ | 13 | ||||||||||||||
Included in the tables above are the unrealized losses of $7 and $13 at December 31, 2013 and 2012, respectively, related to the Company’s investments in asset backed commercial paper, auction rate securities and marketable equity securities. While the fair values of these investments are below their respective cost, the Company views these declines as temporary. The Company intends to hold its investment in auction rate securities and asset backed commercial paper until maturity or such time that the market recovers and therefore considers these losses temporary. |
INVENTORIES
INVENTORIES | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
INVENTORIES | ' | ||||||||
NOTE 20 | INVENTORIES | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
In-process | $ | 97 | $ | 143 | |||||
Concentrate | 108 | 152 | |||||||
Precious metals | 26 | 31 | |||||||
Materials, supplies and other | 486 | 470 | |||||||
$ | 717 | $ | 796 | ||||||
In 2013, the Company recorded write-downs of $14 and $3, classified as components of Costs applicable to sales and Amortization, respectively, to reduce the carrying value of inventories to net realizable value. Of the write-downs in 2013, $2 is related to Carlin, $1 to Twin Creeks, $6 to Boddington, $1 to Tanami and $7 to Batu Hijau. | |||||||||
In 2012, the Company recorded write-downs of $5, classified as a component of Costs applicable to sales. Of the write-downs in 2012, $1 is related to Carlin, $2 to Yanacocha and $2 to Tanami. | |||||||||
In 2011, the Company recorded write-downs of $26 of which $17 is related to the Hope Bay project and is classified as a component of Other Expense, net. Of the remaining amount, $4 is related to Carlin, $1 to Phoenix, $1 to Twin Creeks and $3 to Batu Hijau, and is classified as a component of Costs applicable to sales. |
STOCKPILES_AND_ORE_ON_LEACH_PA
STOCKPILES AND ORE ON LEACH PADS | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
STOCKPILES AND ORE ON LEACH PADS | ' | ||||||||
NOTE 21 | STOCKPILES AND ORE ON LEACH PADS | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Stockpiles | $ | 580 | $ | 602 | |||||
Ore on leach pads | 225 | 184 | |||||||
$ | 805 | $ | 786 | ||||||
Long-term: | |||||||||
Stockpiles | $ | 2,434 | $ | 2,514 | |||||
Ore on leach pads | 246 | 382 | |||||||
$ | 2,680 | $ | 2,896 | ||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Stockpiles and ore on leach pads: | |||||||||
Carlin | $ | 439 | $ | 358 | |||||
Phoenix | 109 | 77 | |||||||
Twin Creeks | 327 | 264 | |||||||
La Herradura | 57 | 57 | |||||||
Yanacocha | 504 | 498 | |||||||
Boddington | 304 | 474 | |||||||
Tanami | 12 | 7 | |||||||
Jundee | 7 | 34 | |||||||
Waihi | 2 | — | |||||||
Kalgoorlie | 107 | 132 | |||||||
Batu Hijau | 1,290 | 1,543 | |||||||
Ahafo | 292 | 235 | |||||||
Akyem | 35 | 3 | |||||||
$ | 3,485 | $ | 3,682 | ||||||
In 2013, the Company recorded write-downs of $958 and $236, classified as components of Costs applicable to sales and Amortization, respectively, to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. Of the write-downs in 2013, $85 are related to Carlin, $32 to La Herradura, $174 to Yanacocha, $222 to Boddington, $2 to Tanami, $4 to Waihi, $48 to Kalgoorlie and $627 to Batu Hijau. | |||||||||
In 2012, the company recorded write-downs of $28, classified as components of Costs applicable to sales and Amortization, of which $6 is related to Yanacocha, $6 to Tanami and $16 to Waihi. | |||||||||
In 2011, the company recorded write-downs of $1 related to Waihi and Tanami which are classified as components of Costs applicable to sales. |
OTHER_ASSETS
OTHER ASSETS | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
OTHER ASSETS | ' | ||||||||
NOTE 22 | OTHER ASSETS | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Other current assets: | |||||||||
Refinery metal inventory and receivable | $ | 679 | $ | 1,183 | |||||
Prepaid assets | 157 | 213 | |||||||
Other refinery metal receivables | 130 | 110 | |||||||
Derivative instruments | 4 | 112 | |||||||
Restricted cash | — | 12 | |||||||
Other | 36 | 31 | |||||||
$ | 1,006 | $ | 1,661 | ||||||
Other long-term assets: | |||||||||
Income tax receivable | $ | 229 | $ | 76 | |||||
Goodwill | 132 | 188 | |||||||
Prepaid Royalties | 103 | 78 | |||||||
Intangible assets | 98 | 136 | |||||||
Restricted cash | 95 | 90 | |||||||
Debt issuance costs | 62 | 73 | |||||||
Prepaid maintenance costs | 31 | 17 | |||||||
Derivative instruments | 1 | 144 | |||||||
Other | 93 | 70 | |||||||
$ | 844 | $ | 872 | ||||||
PROPERTY_PLANT_AND_MINE_DEVELO
PROPERTY, PLANT AND MINE DEVELOPMENT | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||||||||||||||||||||
PROPERTY, PLANT AND MINE DEVELOPMENT | ' | ||||||||||||||||||||||||||
NOTE 23 | PROPERTY, PLANT AND MINE DEVELOPMENT | ||||||||||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||||||||||
Depreciable | Cost | Accumulated | Net Book | Cost | Accumulated | Net Book | |||||||||||||||||||||
Life | Amortization | Value | Amortization | Value | |||||||||||||||||||||||
(in years) | |||||||||||||||||||||||||||
Land | — | $ | 227 | $ | — | $ | 227 | $ | 223 | $ | — | $ | 223 | ||||||||||||||
Facilities and equipment | Jan-35 | 15,945 | (8,671 | ) | 7,274 | 13,996 | (6,596 | ) | 7,400 | ||||||||||||||||||
Mine development | Jan-35 | 4,792 | (2,582 | ) | 2,210 | 4,793 | (2,031 | ) | 2,762 | ||||||||||||||||||
Mineral interests | Jan-35 | 2,163 | (710 | ) | 1,453 | 4,854 | (752 | ) | 4,102 | ||||||||||||||||||
Asset retirement cost | Jan-35 | 1,043 | (465 | ) | 578 | 988 | (340 | ) | 648 | ||||||||||||||||||
Construction-in-progress | — | 2,535 | — | 2,535 | 2,875 | — | 2,875 | ||||||||||||||||||||
$ | 26,705 | $ | (12,428 | ) | $ | 14,277 | $ | 27,729 | $ | (9,719 | ) | $ | 18,010 | ||||||||||||||
Leased assets included above in facilities and equipment | Jan-35 | $ | 9 | $ | (1 | ) | $ | 8 | $ | 5 | $ | (1 | ) | $ | 4 | ||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||||||||||
Mineral Interests | Amortization | Gross | Accumulated | Net Book | Gross | Accumulated | Net Book | ||||||||||||||||||||
Period | Carrying | Amortization | Value | Carrying | Amortization | Value | |||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||||
(in years) | |||||||||||||||||||||||||||
Production stage | 22-Jan | $ | 959 | $ | (710 | ) | $ | 249 | $ | 1,257 | $ | (752 | ) | $ | 505 | ||||||||||||
Development stage | — | 162 | — | 162 | 149 | — | 149 | ||||||||||||||||||||
Exploration stage | — | 1,042 | — | 1,042 | 3,448 | — | 3,448 | ||||||||||||||||||||
$ | 2,163 | $ | (710 | ) | $ | 1,453 | $ | 4,854 | $ | (752 | ) | $ | 4,102 | ||||||||||||||
Construction-in-progress at December 31, 2013 of $2,535 included $1,534 at South America primarily related to engineering and construction at Conga and infrastructure at Yanacocha, $389 at Africa related to infrastructure at Akyem and Ahafo, $348 at North America related to infrastructure at Nevada and Mexico, $114 at Australia/New Zealand related to infrastructure at Boddington, Tanami, and Kalgoorlie, and $30 at Indonesia related to infrastructure at Batu Hijau. | |||||||||||||||||||||||||||
Construction-in-progress at December 31, 2012 of $2,875 included $1,519 at South America primarily related to engineering and construction at Conga and infrastructure at Yanacocha, $592 at Africa related to engineering and construction at Akyem and infrastructure at Ahafo, $338 at Australia/New Zealand related to infrastructure at Boddington, Tanami, and Kalgoorlie, $285 at North America related to infrastructure at Nevada, and $55 at Indonesia related to infrastructure at Batu Hijau. | |||||||||||||||||||||||||||
Write-down of property, plant and mine development totaled $4,352, $52 and $2,084 for 2013, 2012 and 2011, respectively. The 2013 write-downs were primarily related to assets at Boddington and Long Canyon resulting from a decrease in the Company’s long-term gold and copper price assumptions combined with rising operating costs. See Note 17 for additional information. The 2012 write-down was primarily due to an impairment of the FALC JV diamond project as well as write-downs of non-essential surface equipment at Conga. The 2011 write-down was primarily due to an impairment related to the Hope Bay project after evaluating existing development options and economic feasibility for the project compared with other projects and development opportunities within the Company’s wider project pipeline. The amount of the Hope Bay write-down was recorded in 2011 at fair value based on the estimated recoverable value, net of transportation and selling costs utilizing the liquidation model. |
DEBT
DEBT | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
DEBT | ' | ||||||||||||||||
NOTE 24 | DEBT | ||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||
Current | Non-Current | Current | Non-Current | ||||||||||||||
2014 Convertible Senior Notes, net | 561 | — | — | 535 | |||||||||||||
2017 Convertible Senior Notes, net | — | 492 | — | 471 | |||||||||||||
2019 Senior Notes, net | — | 897 | — | 897 | |||||||||||||
2022 Senior Notes, net | — | 1,490 | — | 1,489 | |||||||||||||
2035 Senior Notes, net | — | 598 | — | 598 | |||||||||||||
2039 Senior Notes, net | — | 1,087 | — | 1,087 | |||||||||||||
2042 Senior Notes, net | — | 992 | — | 992 | |||||||||||||
Ahafo project finance facility | 10 | 25 | 10 | 35 | |||||||||||||
PTNNT revolving credit facility | — | 555 | — | 180 | |||||||||||||
Other | 24 | 9 | — | 4 | |||||||||||||
$ | 595 | $ | 6,145 | $ | 10 | $ | 6,288 | ||||||||||
Scheduled minimum debt repayments are $609 in 2014, $166 in 2015, $221 in 2016, $771 in 2017, $1 in 2018 and $5,104 thereafter. | |||||||||||||||||
Corporate Revolving Credit Facility | |||||||||||||||||
Effective May 20, 2011, the Company entered into a new uncollateralized $2,500 revolving credit facility with a syndicate of commercial banks. This new revolving credit facility replaced the existing revolving credit facility which was cancelled upon the effectiveness of the new facility. The new facility provides for borrowings in U.S. dollars and contains a letter of credit sub-facility. The new facility originally matured in May 2016. Facility fees vary based on the credit ratings of the Company’s senior, uncollateralized, long-term debt. Borrowings under the facility bear interest at a market based rate plus a margin determined by the Company’s credit rating. At December 31, 2013, we had $0 in borrowings outstanding under the facility. There was $173 and $394 outstanding in letters of credit at December 31, 2013 and 2012, respectively. | |||||||||||||||||
In May 2012, the Company’s Corporate Revolving Credit Facility was amended to increase the capacity to $3,000 and extend the facility one year to 2017. The available capacity under the Corporate Revolving Credit Facility prior to the amendment was $2,500. | |||||||||||||||||
In September 2013, the Company entered into a Letter of Credit Facility Agreement (“LC Agreement”) with BNP Paribas, New York Branch. The LC Agreement establishes a $175 letter of credit facility for a three year period to support reclamation obligations. Under the LC Agreement, the Company transferred $153 of letters of credit from the Corporate Revolving Credit Facility to the LC Agreement. | |||||||||||||||||
Subsidiary Financings | |||||||||||||||||
PTNNT Revolving Credit Facility | |||||||||||||||||
Effective May 27, 2011, PTNNT entered into a $600 reducing revolving credit facility with a syndicate of banks. This reducing revolving facility provides for borrowings in U.S. dollars. The facility matures in March 2017. The facility is non-recourse to Newmont and certain assets of PTNNT are pledged as collateral. Borrowings under the facility bear interest at a rate per annum equal to LIBOR plus a margin of 4.00%. Commitment fees currently accrue on the daily average unused amount of the commitment of each lender at an annual rate of 2.00%. A one-time arrangement fee and other debt issuance costs, net of amortization, of $18 related to the facility were capitalized and will be amortized over the term of the debt. There were $555 in borrowings outstanding under the facility at December 31, 2013. | |||||||||||||||||
2014 and 2017 Convertible Senior Notes | |||||||||||||||||
In July 2007, the Company issued $1,150 uncollateralized convertible senior notes due in 2014 and 2017, each with a principal amount of $575 for net proceeds of $1,126. The 2014 notes, maturing on July 15, 2014, pay interest semi-annually at a rate of 1.25% per annum, and the 2017 notes, maturing on July 15, 2017, pay interest semi-annually at a rate of 1.63% per annum. The effective interest rates are 6.0% and 6.25% for the 2014 and 2017 notes, respectively. The notes are convertible, at the holder’s option, at a conversion price of $43.70 per share of common stock. Upon conversion, the principal amount and all accrued interest will be repaid in cash and any conversion premium will be settled in shares of our common stock or, at our election, cash or any combination of cash and shares of our common stock. In connection with the convertible senior notes offering, the Company entered into Call Spread Transactions. The Call Spread Transactions included the purchase of call options and the sale of warrants. As a result of the Call Spread Transactions, the conversion price of $43.70 was effectively increased to $56.99. The Company is not entitled to redeem the notes prior to their stated maturity dates. Using prevailing interest rates on similar instruments, the estimated fair value of the 2014 and 2017 senior notes was $560 and $503, respectively, at December 31, 2013 and $636 and $613, respectively, at December 31, 2012. The foregoing fair value estimates were prepared with the assistance of an independent third party and may or may not reflect the actual trading value of this debt. | |||||||||||||||||
The Company’s Consolidated Balance Sheets report the following related to the convertible senior notes: | |||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||
Convertible Senior Notes Due | Convertible Senior Notes Due | ||||||||||||||||
2014 | 2017 | 2014 | 2017 | ||||||||||||||
Additional paid-in capital | $ | 97 | $ | 123 | $ | 97 | $ | 123 | |||||||||
Principal amount | $ | 575 | $ | 575 | $ | 575 | $ | 575 | |||||||||
Unamortized debt discount | (14 | ) | (83 | ) | (40 | ) | (104 | ) | |||||||||
Net carrying amount | $ | 561 | $ | 492 | $ | 535 | $ | 471 | |||||||||
For the years ended December 31, 2013, 2012, and 2011, the Company recorded $17, $18, and $32 of interest expense for the contractual interest coupon and $46, $46, and $67 of amortization of the debt discount, respectively, related to the convertible senior notes. At December 31, 2013 the conversion price exceeded the Company’s stock price and other limited circumstances required for conversion were not met, as a result the bondholders did not have the option to convert the senior notes. | |||||||||||||||||
2019 and 2039 Senior Notes | |||||||||||||||||
In September 2009, the Company completed a two part public offering of $900 and $1,100 uncollateralized senior notes maturing on October 1, 2019 and October 1, 2039, respectively. Net proceeds from the 2019 and 2039 notes were $895 and $1,080, respectively. The 2019 notes pay interest semi-annually at a rate of 5.13% per annum and the 2039 notes pay semi-annual interest of 6.25% per annum. Using prevailing interest rates on similar instruments, the estimated fair value of the 2019 and 2039 senior notes was $951 and $999, respectively, at December 31, 2013 and $1,029 and $1,306, respectively, at December 31, 2012. The foregoing fair value estimates were prepared with the assistance of an independent third party and may or may not reflect the actual trading value of this debt. | |||||||||||||||||
2035 Senior Notes | |||||||||||||||||
In March 2005, Newmont issued uncollateralized senior notes with a principal amount of $600 due April 2035 bearing an annual interest rate of 5 7/8%. Interest on the notes is paid semi-annually in April and October. Using prevailing interest rates on similar instruments, the estimated fair value of these senior notes was $516 and $678 at December 31, 2013 and 2012, respectively. The foregoing fair value estimate was prepared with the assistance of an independent third party and may or may not reflect the actual trading value of this debt. | |||||||||||||||||
2022 and 2042 Senior Notes | |||||||||||||||||
In March 2012, the Company completed a two part public offering of $1,500 and $1,000 uncollateralized Senior Notes maturing on March 15, 2022 and March 15, 2042, respectively. Net proceeds from the 2022 and 2042 Senior Notes were $1,479 and $983, respectively. The 2022 Senior Notes pay interest semi-annually at a rate of 3.50% per annum and the 2042 Senior Notes pay semi-annual interest of 4.875% per annum. Using prevailing interest rates on similar instruments, the estimated fair value of the 2022 and 2042 senior notes was $1,297 and $758, respectively, at December 31, 2013 and $1,530 and $1,028, respectively, at 2012. The foregoing fair value estimates were prepared with the assistance of an independent third party and may or may not reflect the actual trading value of this debt. | |||||||||||||||||
Ahafo Project Facility | |||||||||||||||||
Newmont Ghana Gold Limited (“NGGL”) has an $85 project financing agreement with the International Finance Corporation (“IFC”) ($75) and a commercial lender ($10). Amounts borrowed are guaranteed by Newmont. Semi-annual payments through April 2017 are required. Borrowings bear interest of LIBOR plus 3.5%. | |||||||||||||||||
Debt Covenants | |||||||||||||||||
The Company’s senior notes and revolving credit facilities contain various covenants and default provisions including payment defaults, limitation on liens, leases, sales and leaseback agreements and merger restrictions. | |||||||||||||||||
The Ahafo project facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to EBITDA (earnings before interest expense, income and mining taxes, depreciation and amortization) ratio of less than or equal to 4.0 and a net debt to total capitalization ratio of less than or equal to 62.5%. | |||||||||||||||||
The corporate revolving credit facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to total capitalization ratio of less than or equal to 62.5% in addition to the covenants noted above. Furthermore, the corporate revolving credit facility contains covenants limiting the sale of all or substantially all of the Company’s assets, certain change of control provisions and a negative pledge on certain assets. | |||||||||||||||||
The PTNNT revolving credit facility requires PTNNT to maintain certain financial ratios and to comply with certain terms and conditions with regards to its mine plan, contract of work, dividends, financing activities, leasing, investments and other matters. | |||||||||||||||||
At December 31, 2013 and 2012, the Company and its related entities were in compliance with all debt covenants and provisions related to potential defaults. |
OTHER_LIABILITIES
OTHER LIABILITIES | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
OTHER LIABILITIES | ' | ||||||||
NOTE 25 | OTHER LIABILITIES | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Other current liabilities: | |||||||||
Refinery metal payable and liabilities | $ | 679 | $ | 1,183 | |||||
Accrued operating costs | 157 | 336 | |||||||
Reclamation and remediation liabilities | 98 | 82 | |||||||
Deferred income tax | 74 | 65 | |||||||
Interest | 74 | 74 | |||||||
Accrued capital expenditures | 72 | 172 | |||||||
Royalties | 58 | 42 | |||||||
Derivative instruments | 36 | 1 | |||||||
Holt property royalty | 15 | 21 | |||||||
Taxes other than income and mining | 6 | 14 | |||||||
Boddington contingent consideration | — | 26 | |||||||
Other | 44 | 68 | |||||||
$ | 1,313 | $ | 2,084 | ||||||
Other long-term liabilities: | |||||||||
Holt property royalty | $ | 119 | $ | 219 | |||||
Income and mining taxes | 70 | 65 | |||||||
Derivative instruments | 60 | 2 | |||||||
Power supply agreements | 39 | 46 | |||||||
Boddington contingent consideration | 10 | 15 | |||||||
Other | 44 | 25 | |||||||
$ | 342 | $ | 372 | ||||||
RECLASSIFICATIONS_OUT_OF_ACCUM
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ' | ||||||||||||||||||||
NOTE 26 | RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||
Unrealized gain | Foreign | Pension and | Changes in fair | Total | |||||||||||||||||
(loss) on | currency | other post- | value of cash | ||||||||||||||||||
marketable | translation | retirement | flow hedge | ||||||||||||||||||
securities, net | adjustments | benefit | instruments | ||||||||||||||||||
adjustments | |||||||||||||||||||||
December 31, 2012 | $ | 542 | $ | 177 | $ | (276 | ) | $ | 47 | $ | 490 | ||||||||||
Change in other comprehensive income (loss) before reclassifications | (436 | ) | (32 | ) | 149 | (167 | ) | (486 | ) | ||||||||||||
Reclassifications from accumulated other comprehensive income (loss) | (141 | ) | — | 3 | (48 | ) | (186 | ) | |||||||||||||
Net current-period other comprehensive income (loss) | (577 | ) | (32 | ) | 152 | (215 | ) | (672 | ) | ||||||||||||
December 31, 2013 | $ | (35 | ) | $ | 145 | $ | (124 | ) | $ | (168 | ) | $ | (182 | ) | |||||||
Details about Accumulated Other Comprehensive Income (Loss) | Amount | Affected Line Item in the | |||||||||||||||||||
Components | Reclassified from | Consolidated Statement of | |||||||||||||||||||
Accumulated Other | Income (Loss) | ||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
Years Ended | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Marketable securities adjustments: | |||||||||||||||||||||
Sale of marketable securities | $ | (280 | ) | Other income, net | |||||||||||||||||
Impairment of marketable securities | 105 | Other income, net | |||||||||||||||||||
Total before tax | (175 | ) | |||||||||||||||||||
Tax expense (benefit) | 34 | ||||||||||||||||||||
Net of tax | $ | (141 | ) | ||||||||||||||||||
Pension and other benefit liability adjustments: | |||||||||||||||||||||
Amortization, net | $ | 5 | -1 | ||||||||||||||||||
Total before tax | 5 | ||||||||||||||||||||
Tax expense (benefit) | (2 | ) | |||||||||||||||||||
Net of tax | $ | 3 | |||||||||||||||||||
Hedge instruments adjustments: | |||||||||||||||||||||
Operating cash flow hedges | $ | (106 | ) | Costs applicable to sales | |||||||||||||||||
Capital cash flow hedges | 1 | Amortization | |||||||||||||||||||
Capital cash flow hedges | 18 | Write-downs | |||||||||||||||||||
Forward starting swap hedges | 19 | Interest expense, net | |||||||||||||||||||
Total before tax | (68 | ) | |||||||||||||||||||
Tax expense (benefit) | 20 | ||||||||||||||||||||
Net of tax | $ | (48 | ) | ||||||||||||||||||
Total reclassifications for the period, net of tax | $ | (186 | ) | ||||||||||||||||||
-1 | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process, as appropriate. Refer to Note 3 for information on costs that benefit the inventory/production process. |
NET_CHANGE_IN_OPERATING_ASSETS
NET CHANGE IN OPERATING ASSETS AND LIABILITIES | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
NET CHANGE IN OPERATING ASSETS AND LIABILITIES | ' | ||||||||||||
NOTE 27 | NET CHANGE IN OPERATING ASSETS AND LIABILITIES | ||||||||||||
Net cash provided from operations attributable to the net change in operating assets and liabilities is composed of the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Decrease (increase) in operating assets: | |||||||||||||
Trade and accounts receivable | $ | 245 | $ | 19 | $ | 52 | |||||||
Inventories, stockpiles and ore on leach pads | (755 | ) | (729 | ) | (495 | ) | |||||||
EGR refinery and other assets | 475 | (346 | ) | (266 | ) | ||||||||
Other assets | (37 | ) | (80 | ) | (51 | ) | |||||||
Increase (decrease) in operating liabilities: | |||||||||||||
Accounts payable and other accrued liabilities | (480 | ) | (210 | ) | 226 | ||||||||
EGR refinery and other liabilities | (475 | ) | 346 | 266 | |||||||||
Reclamation liabilities | (59 | ) | (73 | ) | (43 | ) | |||||||
$ | (1,086 | ) | $ | (1,073 | ) | $ | (311 | ) | |||||
SUPPLEMENTAL_CASH_FLOW_INFORMA
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
SUPPLEMENTAL CASH FLOW INFORMATION | ' | ||||||||||||
NOTE 28 | SUPPLEMENTAL CASH FLOW INFORMATION | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income and mining taxes, net of refunds | $ | 361 | $ | 1,261 | $ | 1,526 | |||||||
Pension plan and other benefits and contributions | $ | 57 | $ | 50 | $ | 29 | |||||||
Interest, net of amounts capitalized | $ | 247 | $ | 177 | $ | 179 | |||||||
Noncash Investing Activities and Financing Activities | |||||||||||||
Newmont sold non-core assets in exchange for 23 million shares of Regis Resources which resulted in non-cash increases to Investments of $129 in 2012. Newmont sold a royalty interest in exchange for 4 million shares of Regis Resources which resulted in non-cash increases to Investments of $12 in 2011. |
OPERATING_LEASE_COMMITMENTS
OPERATING LEASE COMMITMENTS | 12 Months Ended | |
Dec. 31, 2013 | ||
Leases [Abstract] | ' | |
OPERATING LEASE COMMITMENTS | ' | |
NOTE 29 | OPERATING LEASE COMMITMENTS | |
The Company leases certain assets, such as equipment and facilities, under operating leases expiring at various dates through 2020. Future minimum annual lease payments are $12 in 2014, $10 in 2015, $10 in 2016, $8 in 2017, $7 in 2018 and $14 thereafter, totaling $61. Rent expense for 2013, 2012 and 2011 was $52, $72 and $75, respectively. |
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Financial Statements | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
NOTE 30 | CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | ||||||||||||||||||||||||||||||||||||||||||||||||
The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10(e) of Regulation S-X resulting from the inclusion of Newmont USA Limited (“Newmont USA”), a wholly-owned subsidiary of Newmont, as a co-registrant with Newmont on debt securities issued under a shelf registration statement on Form S-3 filed under the Securities Act of 1933 under which securities of Newmont (including debt securities guaranteed by Newmont USA) may be issued (the “Shelf Registration Statement”). In accordance with Rule 3-10(e) of Regulation S-X, Newmont USA, as the subsidiary guarantor, is 100% owned by Newmont, the guarantees are full and unconditional, and no other subsidiary of Newmont guaranteed any security issued under the Shelf Registration Statement. There are no restrictions on the ability of Newmont or Newmont USA to obtain funds from its subsidiaries by dividend or loan. | |||||||||||||||||||||||||||||||||||||||||||||||||
In April 2013, the Company merged one of its subsidiaries into Newmont USA. As a result of the merger, the prior periods presented have been revised to reflect this change as if the transaction had occurred at the beginning of the earliest period presented in accordance with the accounting guidance for business combinations between entities under common control. Additionally, the changes related to the revisions as described in Note 2 have also been included herein. | |||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,356 | $ | 6,058 | $ | — | $ | 8,414 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,151 | 4,148 | — | 5,299 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 223 | 1,139 | — | 1,362 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 9 | 72 | — | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 46 | 201 | — | 247 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 45 | 177 | — | 222 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 101 | 102 | — | 203 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | 4,352 | — | 4,352 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 69 | 231 | — | 300 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,644 | 10,422 | — | 12,066 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (4 | ) | 15 | 338 | — | 349 | |||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 144 | 23 | 21 | (188 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (9 | ) | — | (179 | ) | 188 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (291 | ) | (10 | ) | (2 | ) | — | (303 | ) | ||||||||||||||||||||||||||||||||||||||||
(160 | ) | 28 | 178 | — | 46 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (160 | ) | 740 | (4,186 | ) | — | (3,606 | ) | |||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 56 | (224 | ) | 923 | — | 755 | |||||||||||||||||||||||||||||||||||||||||||
Equity loss of affiliates | (2,430 | ) | (252 | ) | (334 | ) | 3,011 | (5 | ) | ||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | (2,534 | ) | 264 | (3,597 | ) | 3,011 | (2,856 | ) | |||||||||||||||||||||||||||||||||||||||||
Income from discontinued operations | — | — | 61 | — | 61 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (2,534 | ) | 264 | (3,536 | ) | 3,011 | (2,795 | ) | |||||||||||||||||||||||||||||||||||||||||
Net loss attributable to noncontrolling interests | — | — | 478 | (217 | ) | 261 | |||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | (2,534 | ) | $ | 264 | $ | (3,058 | ) | $ | 2,794 | $ | (2,534 | ) | ||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | (3,206 | ) | $ | 409 | $ | (4,363 | ) | $ | 3,694 | $ | (3,466 | ) | ||||||||||||||||||||||||||||||||||||
Comprehensive loss attributable to noncontrolling interests | — | — | 477 | (217 | ) | 260 | |||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | $ | (3,206 | ) | $ | 409 | $ | (3,886 | ) | $ | 3,477 | $ | (3,206 | ) | ||||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,726 | $ | 7,238 | $ | — | $ | 9,964 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,094 | 3,240 | — | 4,334 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 196 | 836 | — | 1,032 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 9 | 87 | — | 96 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 86 | 270 | — | 356 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 48 | 300 | — | 348 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 122 | 90 | — | 212 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | 52 | — | 52 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 48 | 401 | — | 449 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,603 | 5,276 | — | 6,879 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 2 | 25 | 251 | — | 278 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 174 | 29 | 21 | (224 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (15 | ) | — | (209 | ) | 224 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (245 | ) | (6 | ) | 2 | — | (249 | ) | |||||||||||||||||||||||||||||||||||||||||
(84 | ) | 48 | 65 | — | 29 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (84 | ) | 1,171 | 2,027 | — | 3,114 | |||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 29 | (316 | ) | (589 | ) | — | (876 | ) | |||||||||||||||||||||||||||||||||||||||||
Equity income of affiliates | 1,857 | 432 | 229 | (2,569 | ) | (51 | ) | ||||||||||||||||||||||||||||||||||||||||||
Income from continuing operations | 1,802 | 1,287 | 1,667 | (2,569 | ) | 2,187 | |||||||||||||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | (76 | ) | — | (76 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income | 1,802 | 1,287 | 1,591 | (2,569 | ) | 2,111 | |||||||||||||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | (443 | ) | 134 | (309 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 1,802 | $ | 1,287 | $ | 1,148 | $ | (2,435 | ) | $ | 1,802 | ||||||||||||||||||||||||||||||||||||||
Comprehensive income | $ | 1,640 | $ | 1,210 | $ | 1,421 | $ | (2,321 | ) | $ | 1,950 | ||||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (444 | ) | 134 | (310 | ) | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | 1,640 | $ | 1,210 | $ | 977 | $ | (2,187 | ) | $ | 1,640 | ||||||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,540 | $ | 7,901 | $ | — | $ | 10,441 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,086 | 2,887 | — | 3,973 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 214 | 822 | — | 1,036 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 18 | 102 | — | 120 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 89 | 261 | — | 350 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 44 | 329 | — | 373 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 89 | 109 | — | 198 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | 2 | 2,082 | — | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 39 | 226 | — | 265 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,581 | 6,818 | — | 8,399 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (166 | ) | 14 | 164 | — | 12 | |||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 152 | 25 | 23 | (200 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (19 | ) | — | (181 | ) | 200 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (232 | ) | (8 | ) | (4 | ) | — | (244 | ) | ||||||||||||||||||||||||||||||||||||||||
(265 | ) | 31 | 2 | — | (232 | ) | |||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (265 | ) | 990 | 1,085 | — | 1,810 | |||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 199 | (263 | ) | (683 | ) | — | (747 | ) | |||||||||||||||||||||||||||||||||||||||||
Equity income of affiliates | 398 | 372 | 278 | (1,037 | ) | 11 | |||||||||||||||||||||||||||||||||||||||||||
Income from continuing operations | 332 | 1,099 | 680 | (1,037 | ) | 1,074 | |||||||||||||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | (136 | ) | — | (136 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income | 332 | 1,099 | 544 | (1,037 | ) | 938 | |||||||||||||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | (714 | ) | 108 | (606 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 332 | $ | 1,099 | $ | (170 | ) | $ | (929 | ) | $ | 332 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | (124 | ) | $ | 985 | $ | 481 | $ | (860 | ) | $ | 482 | |||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (714 | ) | 108 | (606 | ) | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | $ | (124 | ) | $ | 985 | $ | (233 | ) | $ | (752 | ) | $ | (124 | ) | |||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | (2,534 | ) | $ | 264 | $ | (3,536 | ) | $ | 3,011 | $ | (2,795 | ) | ||||||||||||||||||||||||||||||||||||
Adjustments | 2,506 | 833 | 5,119 | (3,016 | ) | 5,442 | |||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (24 | ) | (245 | ) | (817 | ) | — | (1,086 | ) | ||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (52 | ) | 852 | 766 | (5 | ) | 1,561 | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (18 | ) | — | (18 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (52 | ) | 852 | 748 | (5 | ) | 1,543 | ||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (441 | ) | (1,459 | ) | — | (1,900 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (13 | ) | — | (13 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | 589 | — | 589 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 63 | — | 63 | ||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (51 | ) | — | (51 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (441 | ) | (872 | ) | — | (1,313 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 1,024 | — | 514 | — | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,024 | ) | — | (126 | ) | — | (1,150 | ) | |||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 661 | (325 | ) | (333 | ) | (3 | ) | — | |||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | — | — | — | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | — | — | 32 | — | 32 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | (17 | ) | — | (17 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (5 | ) | 3 | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (610 | ) | — | (5 | ) | 5 | (610 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | (1 | ) | — | (4 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 52 | (325 | ) | 56 | 5 | (212 | ) | ||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | 86 | (92 | ) | — | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 342 | 1,219 | — | 1,561 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,555 | |||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,802 | $ | 1,287 | $ | 1,591 | $ | (2,569 | ) | $ | 2,111 | ||||||||||||||||||||||||||||||||||||||
Adjustments | (1,783 | ) | (119 | ) | 697 | 2,555 | 1,350 | ||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 142 | (279 | ) | (936 | ) | — | (1,073 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 161 | 889 | 1,352 | (14 | ) | 2,388 | |||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 161 | 889 | 1,336 | (14 | ) | 2,372 | |||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (634 | ) | (2,576 | ) | — | (3,210 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (25 | ) | — | (25 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | 210 | — | — | 210 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | (220 | ) | — | — | (220 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 41 | — | 41 | ||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (60 | ) | — | (60 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (644 | ) | (2,620 | ) | — | (3,264 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | — | 179 | — | 3,524 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,802 | ) | (164 | ) | (10 | ) | — | (1,976 | ) | ||||||||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | (172 | ) | — | — | — | (172 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | (861 | ) | 252 | 613 | (4 | ) | — | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 24 | — | — | — | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | (10 | ) | — | (10 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (7 | ) | 4 | (3 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (695 | ) | — | (14 | ) | 14 | (695 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | — | (1 | ) | (2 | ) | — | (3 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | (161 | ) | 87 | 749 | 14 | 689 | |||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | 4 | — | 4 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | 332 | (531 | ) | — | (199 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 10 | 1,750 | — | 1,760 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 332 | $ | 1,099 | $ | 544 | $ | (1,037 | ) | $ | 938 | ||||||||||||||||||||||||||||||||||||||
Adjustments | (233 | ) | 39 | 2,193 | 965 | 2,964 | |||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (102 | ) | (14 | ) | (195 | ) | — | (311 | ) | ||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (3 | ) | 1,124 | 2,542 | (72 | ) | 3,591 | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (7 | ) | — | (7 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (3 | ) | 1,124 | 2,535 | (72 | ) | 3,584 | ||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (520 | ) | (2,267 | ) | — | (2,787 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (2,309 | ) | — | (2,309 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | 81 | — | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | (21 | ) | — | (21 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 9 | — | 9 | ||||||||||||||||||||||||||||||||||||||||||||
Advance to affiliate | — | (2,525 | ) | — | 2,525 | — | |||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (40 | ) | — | (40 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (3,045 | ) | (4,547 | ) | 2,525 | (5,067 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 2,034 | — | (23 | ) | — | 2,011 | |||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (2,008 | ) | (253 | ) | (12 | ) | — | (2,273 | ) | ||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 431 | (127 | ) | 2,259 | (2,563 | ) | — | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 40 | — | — | — | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (155 | ) | 38 | (117 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (494 | ) | — | (72 | ) | 72 | (494 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | — | — | (21 | ) | — | (21 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 3 | (380 | ) | 1,976 | (2,453 | ) | (854 | ) | |||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | 41 | — | 41 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | (2,301 | ) | 5 | — | (2,296 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 2,311 | 1,745 | — | 4,056 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 10 | $ | 1,750 | $ | — | $ | 1,760 | |||||||||||||||||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,555 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | — | 21 | 209 | — | 230 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | — | 23 | 229 | — | 252 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,400 | 6,089 | 5,672 | (13,161 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Investments | 22 | 1 | 55 | — | 78 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | — | 146 | 571 | — | 717 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 358 | 447 | — | 805 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | 157 | 86 | — | 246 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | — | 73 | 933 | — | 1,006 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 1,425 | 7,296 | 9,329 | (13,161 | ) | 4,889 | |||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | 32 | 3,026 | 11,263 | (44 | ) | 14,277 | |||||||||||||||||||||||||||||||||||||||||||
Investments | — | 7 | 432 | — | 439 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 13,982 | 5,158 | 2,807 | (21,947 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 512 | 2,168 | — | 2,680 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 694 | 466 | 844 | (526 | ) | 1,478 | |||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,204 | 62 | 367 | (3,633 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | 223 | 575 | — | 844 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 19,383 | $ | 16,750 | $ | 27,785 | $ | (39,311 | ) | $ | 24,607 | ||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 561 | $ | 1 | $ | 33 | $ | — | $ | 595 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | — | 80 | 398 | — | 478 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,092 | 5,404 | 4,665 | (13,161 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | — | 175 | 166 | — | 341 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | 13 | — | 13 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 161 | 1,081 | — | 1,313 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 3,724 | 5,821 | 6,356 | (13,161 | ) | 2,740 | |||||||||||||||||||||||||||||||||||||||||||
Debt | 5,556 | 7 | 582 | — | 6,145 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | 176 | 1,337 | — | 1,513 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | 23 | 1,138 | (526 | ) | 635 | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 169 | 149 | — | 323 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 196 | — | 3,481 | (3,677 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | 20 | 322 | — | 342 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 9,481 | 6,216 | 13,365 | (17,364 | ) | 11,698 | |||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 9,902 | 10,534 | 9,816 | (20,259 | ) | 9,993 | |||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | 4,604 | (1,688 | ) | 2,916 | |||||||||||||||||||||||||||||||||||||||||||
Total equity | 9,902 | 10,534 | 14,420 | (21,947 | ) | 12,909 | |||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 19,383 | $ | 16,750 | $ | 27,785 | $ | (39,311 | ) | $ | 24,607 | ||||||||||||||||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | — | 57 | 226 | — | 283 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | 10 | 547 | — | 577 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | 6,276 | 5,465 | (14,489 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Investments | 58 | 7 | 21 | — | 86 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | — | 147 | 649 | — | 796 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 245 | 541 | — | 786 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | — | 109 | 153 | (67 | ) | 195 | |||||||||||||||||||||||||||||||||||||||||||
Other current assets | — | 48 | 1,613 | — | 1,661 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | 7,241 | 10,434 | (14,556 | ) | 5,945 | |||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | — | 2,869 | 15,178 | (37 | ) | 18,010 | |||||||||||||||||||||||||||||||||||||||||||
Investments | — | 6 | 1,440 | — | 1,446 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,522 | 5,427 | 3,099 | (25,048 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 448 | 2,448 | — | 2,896 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | 146 | 608 | (1,141 | ) | 404 | |||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | 45 | 564 | (4,516 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | 172 | 648 | — | 872 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,098 | $ | 16,354 | $ | 34,419 | $ | (45,298 | ) | $ | 29,573 | ||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | — | 97 | 560 | — | 657 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | 5,240 | 5,280 | (14,489 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | — | 149 | 190 | — | 339 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | 16 | 35 | — | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 175 | 1,838 | — | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | 5,677 | 7,913 | (14,489 | ) | 3,141 | |||||||||||||||||||||||||||||||||||||||||||
Debt | 6,069 | 1 | 218 | — | 6,288 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | 183 | 1,274 | — | 1,457 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | 24 | 2,040 | (1,206 | ) | 858 | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 385 | 196 | — | 586 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany | 381 | — | 4,172 | (4,553 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | 13 | 359 | — | 372 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | 6,283 | 16,172 | (20,248 | ) | 12,702 | |||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,603 | 10,071 | 13,208 | (23,186 | ) | 13,696 | |||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | 5,039 | (1,864 | ) | 3,175 | |||||||||||||||||||||||||||||||||||||||||||
Total equity | 13,603 | 10,071 | 18,247 | (25,050 | ) | 16,871 | |||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 24,098 | $ | 16,354 | $ | 34,419 | $ | (45,298 | ) | $ | 29,573 | ||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,264 | $ | 92 | $ | 2,356 | $ | 6,058 | $ | — | $ | 6,058 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 1,059 | 92 | 1,151 | 4,127 | 21 | 4,148 | — | — | — | |||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 223 | — | 223 | 1,139 | — | 1,139 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 9 | — | 9 | 72 | — | 72 | — | — | — | |||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 46 | — | 46 | 201 | — | 201 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 45 | — | 45 | 177 | — | 177 | — | — | — | |||||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 101 | — | 101 | 102 | — | 102 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | — | — | — | 4,352 | — | 4,352 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 69 | — | 69 | 231 | — | 231 | — | — | — | |||||||||||||||||||||||||||||||||||||
— | — | — | 1,552 | 92 | 1,644 | 10,401 | 21 | 10,422 | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (4 | ) | — | (4 | ) | 15 | — | 15 | 338 | — | 338 | — | — | — | |||||||||||||||||||||||||||||||||||
Interest income - intercompany | 144 | — | 144 | 23 | — | 23 | 21 | — | 21 | (188 | ) | — | (188 | ) | |||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (9 | ) | — | (9 | ) | — | — | — | (179 | ) | — | (179 | ) | 188 | — | 188 | |||||||||||||||||||||||||||||||||
Interest expense, net | (291 | ) | — | (291 | ) | (10 | ) | — | (10 | ) | (2 | ) | — | (2 | ) | — | — | — | |||||||||||||||||||||||||||||||
(160 | ) | — | (160 | ) | 28 | — | 28 | 178 | — | 178 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (160 | ) | — | (160 | ) | 740 | — | 740 | (4,165 | ) | (21 | ) | (4,186 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 56 | — | 56 | (224 | ) | — | (224 | ) | 981 | (58 | ) | 923 | — | — | — | ||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | (2,358 | ) | (72 | ) | (2,430 | ) | (180 | ) | (72 | ) | (252 | ) | (321 | ) | (13 | ) | (334 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||
Income from continuing operations | (2,462 | ) | (72 | ) | (2,534 | ) | 336 | (72 | ) | 264 | (3,505 | ) | (92 | ) | (3,597 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | 61 | — | 61 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net income | (2,462 | ) | (72 | ) | (2,534 | ) | 336 | (72 | ) | 264 | (3,444 | ) | (92 | ) | (3,536 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | 464 | 14 | 478 | (210 | ) | (7 | ) | (217 | ) | ||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | (2,462 | ) | $ | (72 | ) | $ | (2,534 | ) | $ | 336 | $ | (72 | ) | $ | 264 | $ | (2,980 | ) | $ | (78 | ) | $ | (3,058 | ) | $ | 2,644 | $ | 150 | $ | 2,794 | ||||||||||||||||||
Comprehensive income | $ | (3,134 | ) | $ | (72 | ) | $ | (3,206 | ) | $ | 481 | $ | (72 | ) | $ | 409 | $ | (4,271 | ) | $ | (92 | ) | $ | (4,363 | ) | $ | 3,537 | $ | 157 | $ | 3,694 | ||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | 463 | 14 | 477 | (210 | ) | (7 | ) | (217 | ) | ||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | (3,134 | ) | $ | (72 | ) | $ | (3,206 | ) | $ | 481 | $ | (72 | ) | $ | 409 | $ | (3,808 | ) | $ | (78 | ) | $ | (3,886 | ) | $ | 3,327 | $ | 150 | $ | 3,477 | ||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,375 | $ | 351 | $ | 2,726 | $ | 7,493 | $ | (255 | ) | $ | 7,238 | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 967 | 127 | 1,094 | 3,271 | (31 | ) | 3,240 | — | — | — | ||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 171 | 25 | 196 | 861 | (25 | ) | 836 | — | — | — | ||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 6 | 3 | 9 | 90 | (3 | ) | 87 | — | — | — | ||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 71 | 15 | 86 | 285 | (15 | ) | 270 | — | — | — | ||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 43 | 5 | 48 | 305 | (5 | ) | 300 | — | — | — | ||||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 122 | — | 122 | 90 | — | 90 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | — | — | — | 52 | — | 52 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 45 | 3 | 48 | 404 | (3 | ) | 401 | — | — | — | ||||||||||||||||||||||||||||||||||||
— | — | — | 1,425 | 178 | 1,603 | 5,358 | (82 | ) | 5,276 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 2 | — | 2 | 25 | — | 25 | 251 | — | 251 | — | — | — | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 174 | — | 174 | 29 | — | 29 | (8 | ) | 29 | 21 | (195 | ) | (29 | ) | (224 | ) | |||||||||||||||||||||||||||||||||
Interest expense - intercompany | (15 | ) | — | (15 | ) | — | — | — | (180 | ) | (29 | ) | (209 | ) | 195 | 29 | 224 | ||||||||||||||||||||||||||||||||
Interest expense, net | (245 | ) | — | (245 | ) | (6 | ) | — | (6 | ) | 2 | — | 2 | — | — | — | |||||||||||||||||||||||||||||||||
(84 | ) | — | (84 | ) | 48 | — | 48 | 65 | — | 65 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (84 | ) | — | (84 | ) | 998 | 173 | 1,171 | 2,200 | (173 | ) | 2,027 | — | — | — | ||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 29 | — | 29 | (268 | ) | (48 | ) | (316 | ) | (630 | ) | 41 | (589 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 1,864 | (7 | ) | 1,857 | 616 | (184 | ) | 432 | 229 | — | 229 | (2,760 | ) | 191 | (2,569 | ) | |||||||||||||||||||||||||||||||||
Income from continuing operations | 1,809 | (7 | ) | 1,802 | 1,346 | (59 | ) | 1,287 | 1,799 | (132 | ) | 1,667 | (2,760 | ) | 191 | (2,569 | ) | ||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | (76 | ) | — | (76 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net income | 1,809 | (7 | ) | 1,802 | 1,346 | (59 | ) | 1,287 | 1,723 | (132 | ) | 1,591 | (2,760 | ) | 191 | (2,569 | ) | ||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | (443 | ) | — | (443 | ) | 134 | — | 134 | |||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 1,809 | $ | (7 | ) | $ | 1,802 | $ | 1,346 | $ | (59 | ) | $ | 1,287 | $ | 1,280 | $ | (132 | ) | $ | 1,148 | $ | (2,626 | ) | $ | 191 | $ | (2,435 | ) | ||||||||||||||||||||
Comprehensive income | $ | 1,647 | $ | (7 | ) | $ | 1,640 | $ | 1,269 | $ | (59 | ) | $ | 1,210 | $ | 1,553 | $ | (132 | ) | $ | 1,421 | $ | (2,512 | ) | $ | 191 | $ | (2,321 | ) | ||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | (444 | ) | — | (444 | ) | 134 | — | 134 | |||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | 1,647 | $ | (7 | ) | $ | 1,640 | $ | 1,269 | $ | (59 | ) | $ | 1,210 | $ | 1,109 | $ | (132 | ) | $ | 977 | $ | (2,378 | ) | $ | 191 | $ | (2,187 | ) | ||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,142 | $ | 398 | $ | 2,540 | $ | 8,216 | $ | (315 | ) | $ | 7,901 | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 972 | 114 | 1,086 | 2,918 | (31 | ) | 2,887 | — | — | — | ||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 184 | 30 | 214 | 853 | (31 | ) | 822 | (1 | ) | 1 | — | |||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 15 | 3 | 18 | 105 | (3 | ) | 102 | — | — | — | ||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 89 | — | 89 | 261 | — | 261 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 44 | — | 44 | 330 | (1 | ) | 329 | (1 | ) | 1 | — | |||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 89 | — | 89 | 109 | — | 109 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | 2 | — | 2 | 2,082 | — | 2,082 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 39 | — | 39 | 224 | 2 | 226 | 2 | (2 | ) | — | ||||||||||||||||||||||||||||||||||||
— | — | — | 1,434 | 147 | 1,581 | 6,882 | (64 | ) | 6,818 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (166 | ) | — | (166 | ) | 14 | — | 14 | 164 | — | 164 | — | — | — | |||||||||||||||||||||||||||||||||||
Interest income - intercompany | 152 | — | 152 | 25 | — | 25 | (2 | ) | 25 | 23 | (175 | ) | (25 | ) | (200 | ) | |||||||||||||||||||||||||||||||||
Interest expense - intercompany | (19 | ) | — | (19 | ) | — | — | — | (156 | ) | (25 | ) | (181 | ) | 175 | 25 | 200 | ||||||||||||||||||||||||||||||||
Interest expense, net | (232 | ) | — | (232 | ) | (8 | ) | — | (8 | ) | (4 | ) | — | (4 | ) | — | — | — | |||||||||||||||||||||||||||||||
(265 | ) | — | (265 | ) | 31 | — | 31 | 2 | — | 2 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (265 | ) | — | (265 | ) | 739 | 251 | 990 | 1,336 | (251 | ) | 1,085 | — | — | — | ||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 199 | — | 199 | (196 | ) | (67 | ) | (263 | ) | (716 | ) | 33 | (683 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 432 | (34 | ) | 398 | 664 | (292 | ) | 372 | 285 | (7 | ) | 278 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Income from continuing operations | 366 | (34 | ) | 332 | 1,207 | (108 | ) | 1,099 | 905 | (225 | ) | 680 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | (136 | ) | — | (136 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net income | 366 | (34 | ) | 332 | 1,207 | (108 | ) | 1,099 | 769 | (225 | ) | 544 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | (718 | ) | 4 | (714 | ) | 112 | (4 | ) | 108 | ||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 366 | $ | (34 | ) | $ | 332 | $ | 1,207 | $ | (108 | ) | $ | 1,099 | $ | 51 | $ | (221 | ) | $ | (170 | ) | $ | (1,258 | ) | $ | 329 | $ | (929 | ) | |||||||||||||||||||
Comprehensive income | $ | (90 | ) | $ | (34 | ) | $ | (124 | ) | $ | 1,093 | $ | (108 | ) | $ | 985 | $ | 706 | $ | (225 | ) | $ | 481 | $ | (1,193 | ) | $ | 333 | $ | (860 | ) | ||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | (718 | ) | 4 | (714 | ) | 112 | (4 | ) | 108 | ||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | (90 | ) | $ | (34 | ) | $ | (124 | ) | $ | 1,093 | $ | (108 | ) | $ | 985 | $ | (12 | ) | $ | (221 | ) | $ | (233 | ) | $ | (1,081 | ) | $ | 329 | $ | (752 | ) | ||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | (2,462 | ) | $ | (72 | ) | $ | (2,534 | ) | $ | 336 | $ | (72 | ) | $ | 264 | $ | (3,444 | ) | $ | (92 | ) | $ | (3,536 | ) | $ | 2,854 | $ | 157 | $ | 3,011 | ||||||||||||||||||
Adjustments | 2,434 | 72 | 2,506 | 761 | 72 | 833 | 5,048 | 71 | 5,119 | (2,859 | ) | (157 | ) | (3,016 | ) | ||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (24 | ) | — | (24 | ) | (245 | ) | — | (245 | ) | (838 | ) | 21 | (817 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (52 | ) | — | (52 | ) | 852 | — | 852 | 766 | — | 766 | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (18 | ) | — | (18 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (52 | ) | — | (52 | ) | 852 | — | 852 | 748 | — | 748 | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (441 | ) | — | (441 | ) | (1,459 | ) | — | (1,459 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (13 | ) | — | (13 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | — | — | 589 | — | 589 | — | — | — | |||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | — | — | (1 | ) | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 63 | — | 63 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (51 | ) | — | (51 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (441 | ) | — | (441 | ) | (872 | ) | — | (872 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 1,024 | — | 1,024 | — | — | — | 514 | — | 514 | — | — | — | |||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,024 | ) | — | (1,024 | ) | — | — | — | (126 | ) | — | (126 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 661 | — | 661 | (325 | ) | — | (325 | ) | (333 | ) | — | (333 | ) | (3 | ) | — | (3 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | — | 2 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | — | — | — | — | — | — | 32 | — | 32 | — | — | — | |||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | — | — | — | — | (17 | ) | — | (17 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (5 | ) | — | (5 | ) | 3 | — | 3 | |||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (611 | ) | 1 | (610 | ) | — | — | — | (5 | ) | — | (5 | ) | 5 | — | 5 | |||||||||||||||||||||||||||||||||
Other | — | (1 | ) | (1 | ) | — | — | — | (4 | ) | — | (4 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 52 | — | 52 | (325 | ) | — | (325 | ) | 56 | — | 56 | 5 | — | 5 | |||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | (24 | ) | — | (24 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | 86 | — | 86 | (92 | ) | — | (92 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 342 | — | 342 | 1,219 | — | 1,219 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 428 | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,127 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,809 | $ | (7 | ) | $ | 1,802 | $ | 1,346 | $ | (59 | ) | $ | 1,287 | $ | 1,723 | $ | (132 | ) | $ | 1,591 | $ | (2,760 | ) | $ | 191 | $ | (2,569 | ) | ||||||||||||||||||||
Adjustments | (1,797 | ) | 14 | (1,783 | ) | (338 | ) | 219 | (119 | ) | 732 | (35 | ) | 697 | 2,746 | (191 | ) | 2,555 | |||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 142 | — | 142 | (245 | ) | (34 | ) | (279 | ) | (970 | ) | 34 | (936 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 154 | 7 | 161 | 763 | 126 | 889 | 1,485 | (133 | ) | 1,352 | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (16 | ) | — | (16 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 154 | 7 | 161 | 763 | 126 | 889 | 1,469 | (133 | ) | 1,336 | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (541 | ) | (93 | ) | (634 | ) | (2,669 | ) | 93 | (2,576 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (25 | ) | — | (25 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | 210 | 210 | 210 | (210 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | (220 | ) | (220 | ) | (220 | ) | 220 | — | — | — | — | ||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 41 | — | 41 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (60 | ) | — | (60 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (541 | ) | (103 | ) | (644 | ) | (2,723 | ) | 103 | (2,620 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | — | 3,345 | — | — | — | 179 | — | 179 | — | — | — | |||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,802 | ) | — | (1,802 | ) | (164 | ) | — | (164 | ) | (10 | ) | — | (10 | ) | — | — | — | |||||||||||||||||||||||||||||||
Payment of conversion premium on debt | (172 | ) | — | (172 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | (854 | ) | (7 | ) | (861 | ) | 274 | (22 | ) | 252 | 580 | 33 | 613 | — | (4 | ) | (4 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 24 | — | 24 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | — | — | — | — | (10 | ) | — | (10 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (3 | ) | (4 | ) | (7 | ) | — | 4 | 4 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (695 | ) | — | (695 | ) | — | — | — | (14 | ) | — | (14 | ) | 14 | — | 14 | |||||||||||||||||||||||||||||||||
Other | — | — | — | — | (1 | ) | (1 | ) | (3 | ) | 1 | (2 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | (154 | ) | (7 | ) | (161 | ) | 110 | (23 | ) | 87 | 719 | 30 | 749 | 14 | — | 14 | |||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | 4 | — | 4 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | 332 | — | 332 | (531 | ) | — | (531 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 10 | — | 10 | 1,750 | — | 1,750 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 342 | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,219 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
At December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 366 | $ | (34 | ) | $ | 332 | $ | 1,207 | $ | (108 | ) | $ | 1,099 | $ | 769 | $ | (225 | ) | $ | 544 | $ | (1,370 | ) | $ | 333 | $ | (1,037 | ) | ||||||||||||||||||||
Adjustments | (301 | ) | 68 | (233 | ) | (319 | ) | 358 | 39 | 2,252 | (59 | ) | 2,193 | 1,298 | (333 | ) | 965 | ||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (102 | ) | — | (102 | ) | 14 | (28 | ) | (14 | ) | (223 | ) | 28 | (195 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (37 | ) | 34 | (3 | ) | 902 | 222 | 1,124 | 2,798 | (256 | ) | 2,542 | (72 | ) | — | (72 | ) | ||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (7 | ) | — | (7 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (37 | ) | 34 | (3 | ) | 902 | 222 | 1,124 | 2,791 | (256 | ) | 2,535 | (72 | ) | — | (72 | ) | ||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (425 | ) | (95 | ) | (520 | ) | (2,362 | ) | 95 | (2,267 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (2,309 | ) | — | (2,309 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | — | — | 81 | — | 81 | — | — | — | |||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | — | — | (21 | ) | — | (21 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 9 | — | 9 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advance to affiliate | — | — | — | (2,525 | ) | — | (2,525 | ) | — | — | — | 2,525 | — | 2,525 | |||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (40 | ) | — | (40 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (2,950 | ) | (95 | ) | (3,045 | ) | (4,642 | ) | 95 | (4,547 | ) | 2,525 | — | 2,525 | ||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 2,034 | — | 2,034 | — | — | — | (23 | ) | — | (23 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Repayment of debt | (2,008 | ) | — | (2,008 | ) | (253 | ) | — | (253 | ) | (12 | ) | — | (12 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 465 | (34 | ) | 431 | — | (127 | ) | (127 | ) | 2,094 | 165 | 2,259 | (2,559 | ) | (4 | ) | (2,563 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 40 | — | 40 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (151 | ) | (4 | ) | (155 | ) | 34 | 4 | 38 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (494 | ) | — | (494 | ) | — | — | — | (72 | ) | — | (72 | ) | 72 | — | 72 | |||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (21 | ) | — | (21 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 37 | (34 | ) | 3 | (253 | ) | (127 | ) | (380 | ) | 1,815 | 161 | 1,976 | (2,453 | ) | — | (2,453 | ) | |||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | 41 | — | 41 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | (2,301 | ) | — | (2,301 | ) | 5 | — | 5 | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 2,311 | — | 2,311 | 1,745 | — | 1,745 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | $ | 1,750 | $ | — | $ | 1,750 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | As | Change | As | As | Change | As | As | Change | As | As | Change | As Revised | |||||||||||||||||||||||||||||||||||||
Previously | Revised | Previously | Revised | Previously | Revised | Previously | |||||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 428 | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,127 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Trade receivables | — | — | — | 21 | — | 21 | 209 | — | 209 | — | — | — | |||||||||||||||||||||||||||||||||||||
Accounts receivable | — | — | — | 23 | — | 23 | 229 | — | 229 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,400 | — | 1,400 | 6,089 | — | 6,089 | 5,672 | — | 5,672 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Investments | 22 | — | 22 | 1 | — | 1 | 55 | — | 55 | — | — | — | |||||||||||||||||||||||||||||||||||||
Inventories | — | — | — | 146 | — | 146 | 571 | — | 571 | — | — | — | |||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 358 | — | 358 | 425 | 22 | 447 | — | — | — | |||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | — | 3 | 164 | (7 | ) | 157 | 86 | — | 86 | — | — | — | ||||||||||||||||||||||||||||||||||||
Other current assets | — | — | — | 73 | — | 73 | 933 | — | 933 | — | — | — | |||||||||||||||||||||||||||||||||||||
Current assets | 1,425 | — | 1,425 | 7,303 | (7 | ) | 7,296 | 9,307 | 22 | 9,329 | (13,161 | ) | — | (13,161 | ) | ||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | 32 | — | 32 | 3,026 | — | 3,026 | 11,263 | — | 11,263 | (44 | ) | — | (44 | ) | |||||||||||||||||||||||||||||||||||
Investments | — | — | — | 7 | — | 7 | 432 | — | 432 | — | — | — | |||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 14,130 | (148 | ) | 13,982 | 5,306 | (148 | ) | 5,158 | 2,839 | (32 | ) | 2,807 | (22,275 | ) | 328 | (21,947 | ) | ||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 512 | — | 512 | 2,211 | (43 | ) | 2,168 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 694 | — | 694 | 459 | 7 | 466 | 980 | (136 | ) | 844 | (526 | ) | — | (526 | ) | ||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,204 | — | 3,204 | 62 | — | 62 | 367 | — | 367 | (3,633 | ) | — | (3,633 | ) | |||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | — | 46 | 223 | — | 223 | 575 | — | 575 | — | — | — | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 19,531 | $ | (148 | ) | $ | 19,383 | $ | 16,898 | $ | (148 | ) | $ | 16,750 | $ | 27,974 | $ | (189 | ) | $ | 27,785 | $ | (39,639 | ) | $ | 328 | $ | (39,311 | ) | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 561 | $ | — | $ | 561 | $ | 1 | $ | — | $ | 1 | $ | 33 | $ | — | $ | 33 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Accounts payable | — | — | — | 80 | — | 80 | 398 | — | 398 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,092 | — | 3,092 | 5,404 | — | 5,404 | 4,665 | — | 4,665 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Employee-related benefits | — | — | — | 175 | — | 175 | 166 | — | 166 | — | — | — | |||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | — | — | — | — | 13 | — | 13 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | — | 71 | 161 | — | 161 | 1,081 | — | 1,081 | — | — | — | |||||||||||||||||||||||||||||||||||||
Current liabilities | 3,724 | — | 3,724 | 5,821 | — | 5,821 | 6,356 | — | 6,356 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Debt | 5,556 | — | 5,556 | 7 | — | 7 | 582 | — | 582 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | — | — | 176 | — | 176 | 1,337 | — | 1,337 | — | — | — | |||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | — | — | 23 | — | 23 | 1,138 | — | 1,138 | (526 | ) | — | (526 | ) | |||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | — | 5 | 169 | — | 169 | 151 | (2 | ) | 149 | — | — | — | ||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 196 | — | 196 | — | — | — | 3,481 | — | 3,481 | (3,677 | ) | — | (3,677 | ) | |||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | — | — | 20 | — | 20 | 322 | — | 322 | — | — | — | |||||||||||||||||||||||||||||||||||||
Total liabilities | 9,481 | — | 9,481 | 6,216 | — | 6,216 | 13,367 | (2 | ) | 13,365 | (17,364 | ) | — | (17,364 | ) | ||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 10,050 | (148 | ) | 9,902 | 10,682 | (148 | ) | 10,534 | 9,991 | (175 | ) | 9,816 | (20,582 | ) | 323 | (20,259 | ) | ||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | 4,616 | (12 | ) | 4,604 | (1,693 | ) | 5 | (1,688 | ) | ||||||||||||||||||||||||||||||||||
Total equity | 10,050 | (148 | ) | 9,902 | 10,682 | (148 | ) | 10,534 | 14,607 | (187 | ) | 14,420 | (22,275 | ) | 328 | (21,947 | ) | ||||||||||||||||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 19,531 | $ | (148 | ) | $ | 19,383 | $ | 16,898 | $ | (148 | ) | $ | 16,750 | $ | 27,974 | $ | (189 | ) | $ | 27,785 | $ | (39,639 | ) | $ | 328 | $ | (39,311 | ) | ||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | ||||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 342 | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,219 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Trade receivables | — | — | — | 23 | 34 | 57 | 260 | (34 | ) | 226 | — | — | — | ||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | — | 20 | 10 | — | 10 | 547 | — | 547 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | — | 2,748 | 7,052 | (776 | ) | 6,276 | 5,857 | (392 | ) | 5,465 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Investments | 58 | — | 58 | 7 | — | 7 | 21 | — | 21 | — | — | — | |||||||||||||||||||||||||||||||||||||
Inventories | — | — | — | 104 | 43 | 147 | 692 | (43 | ) | 649 | — | — | — | ||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 215 | 30 | 245 | 571 | (30 | ) | 541 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | — | — | — | 109 | — | 109 | 153 | — | 153 | (67 | ) | — | (67 | ) | |||||||||||||||||||||||||||||||||||
Other current assets | — | — | — | 46 | 2 | 48 | 1,615 | (2 | ) | 1,613 | — | — | — | ||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | — | 2,826 | 7,908 | (667 | ) | 7,241 | 10,935 | (501 | ) | 10,434 | (15,724 | ) | 1,168 | (14,556 | ) | |||||||||||||||||||||||||||||||||
Property, plant and mine development, net | — | — | — | 2,187 | 682 | 2,869 | 15,860 | (682 | ) | 15,178 | (37 | ) | — | (37 | ) | ||||||||||||||||||||||||||||||||||
Investments | — | — | — | 6 | — | 6 | 1,440 | — | 1,440 | — | — | — | |||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,599 | (77 | ) | 16,522 | 6,041 | (614 | ) | 5,427 | 3,115 | (16 | ) | 3,099 | (25,755 | ) | 707 | (25,048 | ) | ||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 401 | 47 | 448 | 2,495 | (47 | ) | 2,448 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | — | 791 | 146 | — | 146 | 685 | (77 | ) | 608 | (1,141 | ) | — | (1,141 | ) | ||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | — | 3,907 | 45 | — | 45 | 564 | — | 564 | (4,516 | ) | — | (4,516 | ) | |||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | — | 52 | 158 | 14 | 172 | 662 | (14 | ) | 648 | — | — | — | ||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,175 | $ | (77 | ) | $ | 24,098 | $ | 16,892 | $ | (538 | ) | $ | 16,354 | $ | 35,756 | $ | (1,337 | ) | $ | 34,419 | $ | (47,173 | ) | $ | 1,875 | $ | (45,298 | ) | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Accounts payable | — | — | — | 78 | 19 | 97 | 579 | (19 | ) | 560 | — | — | — | ||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | — | 3,969 | 5,743 | (503 | ) | 5,240 | 5,945 | (665 | ) | 5,280 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Employee-related benefits | — | — | — | 149 | — | 149 | 190 | — | 190 | — | — | — | |||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | — | 16 | — | 16 | 35 | — | 35 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | — | 71 | 147 | 28 | 175 | 1,866 | (28 | ) | 1,838 | — | — | — | ||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | — | 4,040 | 6,133 | (456 | ) | 5,677 | 8,625 | (712 | ) | 7,913 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Debt | 6,069 | — | 6,069 | 1 | — | 1 | 218 | — | 218 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | — | — | 147 | 36 | 183 | 1,310 | (36 | ) | 1,274 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | — | — | 20 | 4 | 24 | 2,044 | (4 | ) | 2,040 | (1,206 | ) | — | (1,206 | ) | ||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | — | 5 | 384 | 1 | 385 | 197 | (1 | ) | 196 | — | — | — | ||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 381 | — | 381 | — | — | — | 4,172 | — | 4,172 | (4,553 | ) | — | (4,553 | ) | |||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | — | — | 11 | 2 | 13 | 361 | (2 | ) | 359 | — | — | — | ||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | — | 10,495 | 6,696 | (413 | ) | 6,283 | 16,927 | (755 | ) | 16,172 | (21,416 | ) | 1,168 | (20,248 | ) | |||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,680 | (77 | ) | 13,603 | 10,196 | (125 | ) | 10,071 | 13,782 | (574 | ) | 13,208 | (23,885 | ) | 699 | (23,186 | ) | ||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | 5,047 | (8 | ) | 5,039 | (1,872 | ) | 8 | (1,864 | ) | ||||||||||||||||||||||||||||||||||
Total equity | 13,680 | (77 | ) | 13,603 | 10,196 | (125 | ) | 10,071 | 18,829 | (582 | ) | 18,247 | (25,757 | ) | 707 | (25,050 | ) | ||||||||||||||||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 24,175 | $ | (77 | ) | $ | 24,098 | $ | 16,892 | $ | (538 | ) | $ | 16,354 | $ | 35,756 | $ | (1,337 | ) | $ | 34,419 | $ | (47,173 | ) | $ | 1,875 | $ | (45,298 | ) | ||||||||||||||||||||
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended | |
Dec. 31, 2013 | ||
Commitments And Contingencies Disclosure [Abstract] | ' | |
COMMITMENTS AND CONTINGENCIES | ' | |
NOTE 31 | COMMITMENTS AND CONTINGENCIES | |
General | ||
The Company follows ASC guidance in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. | ||
Operating Segments | ||
The Company’s operating segments are identified in Note 4. Except as noted in this paragraph, all of the Company’s commitments and contingencies specifically described in this Note 31 relate to the Corporate and Other reportable segment. The PT Newmont Minahasa Raya and PTNNT matters relate to the Indonesia reportable segment. The Yanacocha matters relate to the South America reportable segment. | ||
Environmental Matters | ||
The Company’s mining and exploration activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and are generally becoming more restrictive. The Company conducts its operations so as to protect the public health and environment and believes its operations are in compliance with applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. | ||
Estimated future reclamation costs are based principally on legal and regulatory requirements. At December 31, 2013 and 2012, $1,432 and $1,341, respectively, were accrued for reclamation costs relating to currently or recently producing mineral properties in accordance with asset retirement obligation guidance. The current portions of $66 and $62 at December 31, 2013 and 2012, respectively, are included in Other current liabilities. | ||
In addition, the Company is involved in several matters concerning environmental obligations associated with former mining activities. Generally, these matters concern developing and implementing remediation plans at the various sites involved. The Company believes that the related environmental obligations associated with these sites are similar in nature with respect to the development of remediation plans, their risk profile and the compliance required to meet general environmental standards. Based upon the Company’s best estimate of its liability for these matters, $179 and $198 were accrued for such obligations at December 31, 2013 and 2012, respectively. These amounts are included in Other current liabilities and Reclamation and remediation liabilities. Depending upon the ultimate resolution of these matters, the Company believes that it is reasonably possible that the liability for these matters could be as much as 1% greater or 132% lower than the amount accrued at December 31, 2013. The amounts accrued for these matters are reviewed periodically based upon facts and circumstances available at the time. Changes in estimates are recorded in Reclamation and remediation in the period estimates are revised. | ||
Details about certain of the more significant matters involved are discussed below. | ||
Newmont Mining Corporation | ||
Empire Mine. On July 19, 2012, the California Department of Parks and Recreation (“Parks”) served Newmont, New Verde Mines LLC, Newmont North America Exploration Limited, Newmont Realty Company and Newmont USA Limited with a complaint for damages and declaratory relief under CERCLA, specifically for costs associated with water treatment at the Empire Mine State Park and for a declaration that Newmont is liable for past and future response costs, as well as indemnification to Parks. In 1975 Parks purchased the Empire Mine site in Grass Valley, California from Newmont to create a historic state park featuring the mining of the Empire Mine. Parks has operated the Empire Mine Site for over 35 years. Newmont intends to vigorously defend this lawsuit. Newmont cannot reasonably predict the outcome of this matter. | ||
Newmont USA Limited - 100% Newmont Owned | ||
Ross-Adams Mine Site. By letter dated June 5, 2007, the U.S. Forest Service notified Newmont that it had expended approximately $0.3 in response costs to address environmental conditions at the Ross-Adams mine in Prince of Wales, Alaska, and requested Newmont USA Limited pay those costs and perform an Engineering Evaluation/Cost Analysis (“EE/CA”) to assess what future response activities might need to be completed at the site. Newmont intends to vigorously defend any formal claims by the EPA. Newmont has agreed to perform the EE/CA. Newmont cannot reasonably predict the likelihood or outcome of any future action against it arising from this matter. | ||
Hope Bay Mining Ltd. - 100% Newmont Owned | ||
In July 2011 Environment Canada Enforcement Officers discovered a release of drill water containing calcium chloride on Hope Bay Mining Ltd. (“HBML”) property in Nunavut, Canada. Orbit Garant Drilling Inc. (“Orbit”) operated a diamond drill rig on the HBML property. On February 13, 2013, HBML received service of a summons and charges from a Judge for Nunavut alleging violation of the Fisheries Act relating to the release of drill water and alleged failure to report a discharge. Orbit operated the drill at issue in the summons. Total potential fines and penalties for proven charges of this nature could be up to $1. Newmont cannot reasonably predict the outcome of this matter. | ||
Other Legal Matters | ||
Minera Yanacocha S.R.L. (“Yanacocha”) - 51.35% Newmont Owned | ||
Choropampa. In June 2000, a transport contractor of Yanacocha spilled approximately 151 kilograms of elemental mercury near the town of Choropampa, Peru, which is located 53 miles (85 kilometers) southwest of the Yanacocha mine. Elemental mercury is not used in Yanacocha’s operations but is a by-product of gold mining and was sold to a Lima firm for use in medical instruments and industrial applications. A comprehensive health and environmental remediation program was undertaken by Yanacocha in response to the incident. In August 2000, Yanacocha paid under protest a fine of 1,740,000 Peruvian soles (approximately $0.5) to the Peruvian government. Yanacocha has entered into settlement agreements with a number of individuals impacted by the incident. As compensation for the disruption and inconvenience caused by the incident, Yanacocha entered into agreements with and provided a variety of public works in the three communities impacted by this incident. Yanacocha cannot predict the likelihood of additional expenditures related to this matter. | ||
Additional lawsuits relating to the Choropampa incident were filed against Yanacocha in the local courts of Cajamarca, Peru, in May 2002 by over 900 Peruvian citizens. A significant number of the plaintiffs in these lawsuits entered into settlement agreements with Yanacocha prior to filing such claims. In April 2008, the Peruvian Supreme Court upheld the validity of these settlement agreements, which the Company expects to result in the dismissal of all claims brought by previously settled plaintiffs. Yanacocha has also entered into settlement agreements with approximately 350 additional plaintiffs. The claims asserted by approximately 200 plaintiffs remain. In 2011, Yanacocha was served with 23 complaints alleging grounds to nullify the settlements entered into between Yanacocha and the plaintiffs. Yanacocha has answered the complaints and the court has dismissed several of the matters and the plaintiffs have filed appeals. All appeals were referred to the Civil Court of Cajamarca, which affirmed the decisions of the lower court judge. The plaintiffs have filed appeals of such orders before the Supreme Court. Some of these appeals were dismissed by the Supreme Court in favor of Yanacocha, and others are pending resolution. Yanacocha will continue to vigorously defend its position. Neither the Company nor Yanacocha can reasonably estimate the ultimate loss relating to such claims. | ||
Administrative Actions. The Peruvian government agency responsible for environmental evaluation and inspection, Organismo Evaluacion y Fiscalizacion Ambiental (“OEFA”), conducts periodic reviews of the Yanacocha site. In 2011, 2012, and 2013, OEFA issued notices of alleged violations of OEFA standards to Yanacocha and Conga relating to past inspections. In April 2013, OEFA issued a finding and penalty with respect to three 2008 allegations in the amount of $0.1. OEFA issued notice of additional alleged violations of OEFA standards in October 2013. Total fines for all outstanding OEFA alleged violations could range from $0.1 to $69. Yanacocha and Conga are responding to all notices of alleged violations, but cannot reasonably predict the outcome of the agency allegations. | ||
Minera Penmont - 44% Newmont Owned | ||
Newmont owns a 44% interest in the La Herradura joint venture and related gold properties (Herradura, Soledad-Dipolos and Noche Buena), which are located in the Sonora desert. La Herradura is operated by Fresnillo PLC (“Fresnillo”) through Minera Penmont S. de R.L. de C.V. (“Minera Penmont”) and Fresnillo owns the remaining 56% interest. Soledad-Dipolos commenced operations in January 2010. In 2009 five members of the El Bajio agrarian community in the state of Sonora (the “Claimants”), who claim rights over certain surface land in the proximity of the operations of Minera Penmont, lodged a legal claim with the Unitarian Agrarian Court of Hermosillo, Sonora to have Minera Penmont vacate an area of this surface land and associated claims. The land in dispute encompasses a portion of surface area where part of the operations of Dipolos, one of Minera Penmont’s three operating mines, is located as well as the processing plant for both the Dipolos mine and the Soledad mine. Minera Penmont’s mining concessions are held by way of separate title to that relating to the surface land. In September 2012, the Claimants obtained a ruling on the surface property dispute in their favor by the Mexican Supreme Court and in July 2013, a magistrate ordered Minera Penmont to vacate the property at issue, requiring cessation of production at the Dipolos operations. Minera Penmont has initiated legal proceedings to seek the expropriation of the disputed land in its favor, a process defined under Federal law in Mexico. Claimants also obtained temporary suspension of all of Minera Penmont’s explosives permits. Because only Dipolos is subject to the dispute, Minera Penmont projects reinstatement of explosives permits at all other areas. Minera Penmont intends to vigorously contest this matter, but cannot reasonably predict the outcome. | ||
PT Newmont Nusa Tenggara (“PTNNT”) – 31.5% Newmont Owned | ||
Under the Batu Hijau Contract of Work, beginning in 2006 and continuing through 2010, a portion of PTNNT’s shares were required to be offered for sale, first, to the Indonesian government or, second, to Indonesian nationals, equal to the difference between the following percentages and the percentage of shares already owned by the Indonesian government or Indonesian nationals (if such number is positive): 23% by March 31, 2006; 30% by March 31, 2007; 37% by March 31, 2008; 44% by March 31, 2009; and 51% by March 31, 2010. As PT Pukuafu Indah (“PTPI”), an Indonesian national, owned a 20% interest in PTNNT at all relevant times, in 2006, a 3% interest was required to be offered for sale and, in each of 2007 through 2010, an additional 7% interest was required to be offered (for an aggregate 31% interest). The price at which such interests were offered for sale to the Indonesian parties was the fair market value of such interest considering PTNNT as a going concern, as agreed with the Indonesian government. Following certain disputes and an arbitration with the Indonesian government, in November and December 2009, sale agreements were concluded pursuant to which the 2006, 2007 and 2008 shares were sold to PT Multi Daerah Bersaing (“PTMDB”), the nominee of the local governments, and the 2009 shares were sold to PTMDB in February 2010, resulting in PTMDB owning a 24% interest in PTNNT. | ||
On December 17, 2010, the Ministry of Energy & Mineral Resources, acting on behalf of the Indonesian government, accepted the offer to acquire the final 7% interest in PTNNT. Subsequently, the Indonesian government designated Pusat Investasi Pemerintah (“PIP”), an agency of the Ministry of Finance, as the entity that will buy the final stake. On May 6, 2011, PIP and the foreign shareholders entered into a definitive agreement for the sale and purchase of the final 7% divestiture stake, subject to receipt of approvals from certain Indonesian government ministries. Subsequent to signing the agreement, a disagreement arose between the Ministry of Finance and the Indonesian parliament in regard to whether parliamentary approval was needed to allow PIP to make the share purchase. In July 2012, the Constitutional Court ruled that parliament approval is required for PIP to use state funds to purchase the shares, which approval has not yet been obtained. Further disputes may arise in regard to the divestiture of the 2010 shares. | ||
Effective January 1, 2011, the local government in the region where the Batu Hijau mine is located commenced the enforcement of local regulations that purport to require PTNNT to pay additional taxes based on revenue and the value of PTNNT’s contracts. In addition, the regulations purport to require PTNNT to obtain certain export-related documents from the regional government for purposes of shipping copper concentrate. At the time, PTNNT had obtained all export related-documents in compliance with the laws and regulations of the central government. PTNNT believes that the 2011 regional regulations are not enforceable as they expressly contradict higher level Indonesian laws that set out the permissible taxes that can be imposed by a regional government and export requirements. PTNNT’s position is supported by Indonesia’s Ministry of Energy & Mineral Resources, Ministry of Trade, and the provincial government. To date, PTNNT has not been forced to comply with these 2011 contradictory regional regulations. On February 4, 2011, PTNNT filed legal proceedings seeking to have the regulations declared null and void because they conflict with the laws of Indonesia. Subsequently, the Ministry of Home Affairs issued a decree declaring these local regulations to be contrary to Indonesian law and thus unenforceable. Further disputes with the local government could arise in relation to these regulations. PTNNT intends to vigorously defend its position in this dispute. | ||
Additionally, in September 2011, WALHI brought an administrative law claim against Indonesia’s Ministry of Environment to challenge the May 2011 renewal of PTNNT’s submarine tailings permit. PTNNT and the regional government of KSB (“KSB”) filed separate applications for intervention into the proceedings, both of which were accepted by the Administrative Court. KSB intervened on the side of WALHI, and PTNNT joined on the side of the Ministry of Environment. On April 3, 2012, the Administrative Court ruled in favor of the Ministry of Environment and PTNNT, finding that the Ministry of Environment properly renewed the permit in accordance with Indonesian law and regulations. WALHI appealed the verdict. On October 2, 2012, the High Administrative Law Court rejected WALHI’s appeal, after which WALHI filed a notice to appeal the case to the Supreme Court. On May 28, 2013, the Supreme Court of Indonesia updated its website to provide that WALHI’s appeal in this matter was rejected. The parties are still awaiting the written decision from the court. PTNNT will continue to defend its submarine tailings permit and is confident that the Ministry of Environment acted properly in renewing PTNNT’s permit. | ||
NWG Investments Inc. v. Fronteer Gold Inc. | ||
In April 2011, Newmont acquired Fronteer Gold Inc. (“Fronteer”). | ||
Fronteer acquired NewWest Gold Corporation (“NewWest Gold”) in September 2007. At the time of that acquisition, NWG Investments Inc. (“NWG”) owned approximately 86% of NewWest Gold and an individual named Jacob Safra owned or controlled 100% of NWG. Prior to its acquisition of NewWest Gold, Fronteer entered into a June 2007 lock-up agreement with NWG providing that, among other things, NWG would support Fronteer’s acquisition of NewWest Gold. At that time, Fronteer owned approximately 42% of Aurora Energy Resources Inc. (“Aurora”), which, among other things, had a uranium exploration project in Labrador, Canada. | ||
NWG contends that, during the negotiations leading up to the lock-up agreement, Fronteer represented to NWG that Aurora would commence uranium mining in Labrador by 2013, that this was a firm date, that Fronteer was not aware of any obstacle to doing so, that Aurora faced no serious environmental issues in Labrador and that Aurora’s competitors faced greater delays in commencing uranium mining. NWG further contends that it entered into the lock-up agreement and agreed to support Fronteer’s acquisition of NewWest Gold in reliance upon these purported representations. On October 11, 2007, less than three weeks after the Fronteer-NewWest Gold transaction closed, a member of the Nunatsiavut Assembly introduced a motion calling for the adoption of a moratorium on uranium mining in Labrador. On April 8, 2008, the Nunatsiavut Assembly adopted a three-year moratorium on uranium mining in Labrador. NWG contends that Fronteer was aware during the negotiations of the NWG/Fronteer lock-up agreement that the Nunatsiavut Assembly planned on adopting this moratorium and that its adoption would preclude Aurora from commencing uranium mining by 2013, but Fronteer nonetheless fraudulently induced NWG to enter into the lock-up agreement. | ||
On September 24, 2012, NWG served a summons and complaint on NMC, and then amended the complaint to add Newmont Canada Holdings ULC as a defendant. The complaint also names Fronteer Gold Inc and Mark O’Dea as defendants. The complaint seeks rescission of the merger between Fronteer and NewWest Gold and $750 in damages. In August 2013 the Supreme Court of New York, New York County issued an order granting the defendants’ motion to dismiss on forum non conveniens. Subsequently, NWG filed a notice of appeal of the decision. | ||
Newmont intends to vigorously defend this matter, but cannot reasonably predict the outcome. | ||
Other Commitments and Contingencies | ||
Tax contingencies are provided for in accordance with ASC income tax guidance (see Note 9). | ||
The Company has minimum royalty obligations in Carlin for the life of the mine. Amounts paid as a minimum royalty (where production royalties are less than the minimum obligation) in any year are recoverable in future years when the minimum royalty obligation is exceeded. Although the minimum royalty requirement may not be met in a particular year, the Company expects that over the mine life, gold production will be sufficient to meet the minimum royalty requirements. Minimum royalty payments payable are $30 in 2014, $34 in 2015 through 2018 and $323 thereafter. | ||
As part of its ongoing business and operations, the Company and its affiliates are required to provide surety bonds, bank letters of credit and bank guarantees as financial support for various purposes, including environmental reclamation, exploration permitting, workers compensation programs and other general corporate purposes. At December 31, 2013 and December 31, 2012, there were $1,807 and $1,755, respectively, of outstanding letters of credit, surety bonds and bank guarantees. The surety bonds, letters of credit and bank guarantees reflect fair value as a condition of their underlying purpose and are subject to fees competitively determined in the market place. The obligations associated with these instruments are generally related to performance requirements that the Company addresses through its ongoing operations. As the specific requirements are met, the beneficiary of the associated instrument cancels and/or returns the instrument to the issuing entity. Certain of these instruments are associated with operating sites with long-lived assets and will remain outstanding until closure. Generally, bonding requirements associated with environmental regulation are becoming more restrictive. However, the Company believes it is in compliance with all applicable bonding obligations and will be able to satisfy future bonding requirements, through existing or alternative means, as they arise. | ||
Newmont is from time to time involved in various legal proceedings related to its business. Except in the above-described proceedings, management does not believe that adverse decisions in any pending or threatened proceeding or that amounts that may be required to be paid by reason thereof will have a material adverse effect on the Company’s financial condition or results of operations. |
UNAUDITED_SUPPLEMENTARY_DATA
UNAUDITED SUPPLEMENTARY DATA | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
UNAUDITED SUPPLEMENTARY DATA | ' | ||||||||||||||||||||||||
NOTE 32 UNAUDITED SUPPLEMENTARY DATA | |||||||||||||||||||||||||
Quarterly Data | |||||||||||||||||||||||||
The following is a summary of selected quarterly financial information (unaudited): | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
March 31 | 30-Jun | September 30 | December 31 | ||||||||||||||||||||||
Sales | $ | 2,188 | $ | 2,018 | $ | 2,020 | $ | 2,188 | |||||||||||||||||
Gross profit(1) | $ | 846 | $ | (97 | ) | $ | 623 | $ | 300 | ||||||||||||||||
Income (loss) from continuing operations(2) | $ | 314 | $ | (2,133 | ) | $ | 419 | $ | (1,195 | ) | |||||||||||||||
Income (loss) from discontinued operations(2) | — | 74 | (21 | ) | 8 | ||||||||||||||||||||
Net income (loss) (2) | $ | 314 | $ | (2,059 | ) | $ | 398 | $ | (1,187 | ) | |||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | (4.29 | ) | $ | 0.84 | $ | (2.39 | ) | |||||||||||||||
Discontinued operations | — | 0.15 | (0.04 | ) | 0.01 | ||||||||||||||||||||
$ | 0.63 | $ | (4.14 | ) | $ | 0.8 | $ | (2.38 | ) | ||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | (4.29 | ) | $ | 0.84 | $ | (2.39 | ) | |||||||||||||||
Discontinued operations | — | 0.15 | (0.04 | ) | 0.01 | ||||||||||||||||||||
$ | 0.63 | $ | (4.14 | ) | $ | 0.8 | $ | (2.38 | ) | ||||||||||||||||
Weighted average common shares (millions) | |||||||||||||||||||||||||
Basic | 497 | 497 | 498 | 498 | |||||||||||||||||||||
Diluted | 498 | 497 | 498 | 498 | |||||||||||||||||||||
Cash dividends declared per common share | $ | 0.425 | $ | 0.35 | $ | 0.25 | $ | 0.2 | |||||||||||||||||
Closing price of common stock | $ | 41.89 | $ | 29.95 | $ | 28.1 | $ | 23.03 | |||||||||||||||||
2012 | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
31-Mar | 30-Jun | 30-Sep | 31-Dec | ||||||||||||||||||||||
Sales | $ | 2,706 | $ | 2,250 | $ | 2,505 | $ | 2,503 | |||||||||||||||||
Gross profit(1) | $ | 1,419 | $ | 963 | $ | 1,103 | $ | 1,017 | |||||||||||||||||
Income (loss) from continuing operations(2) | $ | 559 | $ | 280 | $ | 401 | $ | 638 | |||||||||||||||||
Income (loss) from discontinued operations(2) | (71 | ) | — | (33 | ) | 28 | |||||||||||||||||||
Net income (loss)(2) | $ | 488 | $ | 280 | $ | 368 | $ | 666 | |||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 1.13 | $ | 0.56 | $ | 0.82 | $ | 1.28 | |||||||||||||||||
Discontinued operations | (0.14 | ) | — | (0.07 | ) | 0.06 | |||||||||||||||||||
$ | 0.99 | $ | 0.56 | $ | 0.75 | $ | 1.34 | ||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 1.11 | $ | 0.56 | $ | 0.81 | $ | 1.28 | |||||||||||||||||
Discontinued operations | (0.14 | ) | — | (0.07 | ) | 0.06 | |||||||||||||||||||
$ | 0.97 | $ | 0.56 | $ | 0.74 | $ | 1.34 | ||||||||||||||||||
Weighted average common shares (millions) | |||||||||||||||||||||||||
Basic | 495 | 496 | 496 | 497 | |||||||||||||||||||||
Diluted | 504 | 498 | 499 | 499 | |||||||||||||||||||||
Cash dividends declared per common share | $ | 0.35 | $ | 0.35 | $ | 0.35 | $ | 0.35 | |||||||||||||||||
Closing price of common stock | $ | 51.27 | $ | 48.51 | $ | 56.02 | $ | 46.44 | |||||||||||||||||
(1) | Sales less Costs applicable to sales, Amortization and Reclamation and remediation. | ||||||||||||||||||||||||
(2) | Attributable to Newmont stockholders. | ||||||||||||||||||||||||
Significant after-tax items were as follows: | |||||||||||||||||||||||||
Fourth quarter 2013: (i) a $1,345 ($2.70 per share, basic) loss related to impairment of assets; (ii) a $237 ($0.48 per share, basic) loss related to stockpile and leach pad impairments; (iii) a $8 ($0.02 per share, basic) loss related to restructuring and other; (iv) a $8 ($0.02 per share, basic) gain from discontinued operations and (v) a $3 ($0.01 per share, basic) gain on asset sales; | |||||||||||||||||||||||||
Third quarter 2013: (i) $35 ($0.07 per share, basic) loss related to stockpile and leach pad impairments; (ii) $29 ($0.06 per share, basic) loss related to impairment of assets; (iii) a $21 ($0.04 per share, basic) loss from discontinued operations; (iv) a $12 ($0.02 per share, basic) loss related to restructuring and other and (v) a $243 ($0.49 per share, basic) gain on asset sales; | |||||||||||||||||||||||||
Second quarter 2013: (i) a $1,497 ($3.01 per share, basic) loss related to impairment of assets; (ii) a $272 ($0.55 per share, basic) loss related to stockpile and leach pad impairments; (iii) a $11 ($0.02 per share, basic) loss related to restructuring and other and (iv) a $74 ($0.15 per share, basic) gain from discontinued operations; | |||||||||||||||||||||||||
First quarter 2013: (i) a $5 ($0.01 per share, basic) loss related to restructuring and other; (ii) a $4 ($0.01 per share, basic) loss related to impairment of assets and (iii) a $3 ($0.01 per share, basic) loss related to stockpile and leach pad impairments. | |||||||||||||||||||||||||
Fourth quarter 2012: (i) a $82 ($0.17 per share, basic) gain on asset sales; (ii) a $59 ($0.12 per share, basic) income tax benefit from internal restructuring; (iii) a $28 ($0.06 per share, basic) gain from discontinued operations; (iv) a $42 ($0.08 per share, basic) loss related to impairment of other assets and (v) a $6 ($0.01 per share, basic) loss related to restructuring and other; | |||||||||||||||||||||||||
Third quarter 2012: (i) a $33 ($0.07 per share, basic) loss from discontinued operations; (ii) a $20 ($0.04 per share, basic) loss related to restructuring and other; (iii) $7 ($0.01 per share, basic) loss related to impairment of assets; (iv) $3 ($0.01 per share, basic) loss related to stockpile and leach pad impairments and (v) $1 ($0.00 per share, basic) gain on asset sales; | |||||||||||||||||||||||||
Second quarter 2012: (i) a $8 ($0.02 per share, basic) loss related to stockpile and leach pad impairments and (ii) a $7 ($0.01 per share, basic) loss related to impairment of assets; | |||||||||||||||||||||||||
First quarter 2012: (i) a $71 ($0.14 per share, basic) loss from discontinued operations; (ii) a $24 ($0.05 per share, basic) loss related to impairment of assets; (iii) a $6 ($0.01 per share, basic) loss related to stockpile and leach pad impairments and (iv) a $7 ($0.01 per share, basic) gain on asset sales. | |||||||||||||||||||||||||
Revised Quarterly Data | |||||||||||||||||||||||||
The following is a summary of revised selected quarterly financial information (unaudited): | |||||||||||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||
As Previously | Revision and | As Revised | |||||||||||||||||||||||
Reported | Co-product | ||||||||||||||||||||||||
Reclassification(1) | |||||||||||||||||||||||||
Sales | $ | 2,177 | $ | 11 | $ | 2,188 | |||||||||||||||||||
Costs applicable to sales | 1,044 | 13 | 1,057 | ||||||||||||||||||||||
Amortization | 267 | — | 267 | ||||||||||||||||||||||
Reclamation and remediation | 18 | — | 18 | ||||||||||||||||||||||
Gross profit | 848 | (2 | ) | 846 | |||||||||||||||||||||
Income (loss) from continuing operations(2) | 315 | (1 | ) | 314 | |||||||||||||||||||||
Net income (loss) | $ | 315 | $ | (1 | ) | $ | 314 | ||||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | — | $ | 0.63 | |||||||||||||||||||
$ | 0.63 | $ | — | $ | 0.63 | ||||||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | — | $ | 0.63 | |||||||||||||||||||
$ | 0.63 | $ | — | $ | 0.63 | ||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
As Previously | Revision and | As Revised | As Previously | Revision and | As Revised | ||||||||||||||||||||
Reported | Co-product | Reported | Co-product | ||||||||||||||||||||||
Reclassification(1) | Reclassification(1) | ||||||||||||||||||||||||
Sales | $ | 1,993 | $ | 25 | $ | 2,018 | $ | 4,170 | $ | 36 | $ | 4,206 | |||||||||||||
Costs applicable to sales | 1,653 | 29 | 1,682 | 2,697 | 42 | 2,739 | |||||||||||||||||||
Amortization | 415 | — | 415 | 682 | — | 682 | |||||||||||||||||||
Reclamation and remediation | 18 | — | 18 | 36 | — | 36 | |||||||||||||||||||
Gross profit | (93 | ) | (4 | ) | (97 | ) | 755 | (6 | ) | 749 | |||||||||||||||
Income (loss) from continuing operations(2) | (2,093 | ) | (40 | ) | (2,133 | ) | (1,778 | ) | (41 | ) | (1,819 | ) | |||||||||||||
Income (loss) from discontinued operations(2) | 74 | — | 74 | 74 | — | 74 | |||||||||||||||||||
Net income (loss) | $ | (2,019 | ) | $ | (40 | ) | $ | (2,059 | ) | $ | (1,704 | ) | $ | (41 | ) | $ | (1,745 | ) | |||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | (4.21 | ) | $ | (0.08 | ) | $ | (4.29 | ) | $ | (3.58 | ) | $ | (0.08 | ) | $ | (3.66 | ) | |||||||
Discontinued operations | 0.15 | — | 0.15 | 0.15 | — | 0.15 | |||||||||||||||||||
$ | (4.06 | ) | $ | (0.08 | ) | $ | (4.14 | ) | $ | (3.43 | ) | $ | (0.08 | ) | $ | (3.51 | ) | ||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | (4.21 | ) | $ | (0.08 | ) | $ | (4.29 | ) | $ | (3.58 | ) | $ | (0.08 | ) | $ | (3.66 | ) | |||||||
Discontinued operations | 0.15 | — | 0.15 | 0.15 | — | 0.15 | |||||||||||||||||||
$ | (4.06 | ) | $ | (0.08 | ) | $ | (4.14 | ) | $ | (3.43 | ) | $ | (0.08 | ) | $ | (3.51 | ) | ||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
As Previously | Revision and | As Revised | As Previously | Revision and | As Revised | ||||||||||||||||||||
Reported | Co-product | Reported | Co-product | ||||||||||||||||||||||
Reclassification(1) | Reclassification(1) | ||||||||||||||||||||||||
Sales | $ | 1,983 | $ | 37 | $ | 2,020 | $ | 6,153 | $ | 73 | $ | 6,226 | |||||||||||||
Costs applicable to sales | 1,036 | 41 | 1,077 | 3,733 | 83 | 3,816 | |||||||||||||||||||
Amortization | 299 | — | 299 | 981 | — | 981 | |||||||||||||||||||
Reclamation and remediation | 20 | — | 20 | 56 | — | 56 | |||||||||||||||||||
Gross profit | 628 | (4 | ) | 624 | 1,383 | (10 | ) | 1,373 | |||||||||||||||||
Income (loss) from continuing operations(2) | 429 | (10 | ) | 419 | (1,349 | ) | (51 | ) | (1,400 | ) | |||||||||||||||
Income (loss) from discontinued operations(2) | (21 | ) | — | (21 | ) | 53 | — | 53 | |||||||||||||||||
Net income (loss) | $ | 408 | $ | (10 | ) | $ | 398 | $ | (1,296 | ) | $ | (51 | ) | $ | (1,347 | ) | |||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.86 | $ | (0.02 | ) | $ | 0.84 | $ | (2.72 | ) | $ | (0.10 | ) | $ | (2.82 | ) | |||||||||
Discontinued operations | (0.04 | ) | — | (0.04 | ) | 0.11 | — | 0.11 | |||||||||||||||||
$ | 0.82 | $ | (0.02 | ) | $ | 0.8 | $ | (2.61 | ) | $ | (0.10 | ) | $ | (2.71 | ) | ||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.86 | $ | (0.02 | ) | $ | 0.84 | $ | (2.72 | ) | $ | (0.10 | ) | $ | (2.82 | ) | |||||||||
Discontinued operations | (0.04 | ) | — | (0.04 | ) | 0.11 | — | 0.11 | |||||||||||||||||
$ | 0.82 | $ | (0.02 | ) | $ | 0.8 | $ | (2.61 | ) | $ | (0.10 | ) | $ | (2.71 | ) | ||||||||||
Three Months Ended December 31, 2013 | |||||||||||||||||||||||||
As Previously | Revision and | As Revised | |||||||||||||||||||||||
Reported | Co-product | ||||||||||||||||||||||||
Reclassification(1) | |||||||||||||||||||||||||
Sales | $ | 2,169 | $ | 19 | $ | 2,188 | |||||||||||||||||||
Costs applicable to sales | 1,453 | 29 | 1,482 | ||||||||||||||||||||||
Amortization | 381 | — | 381 | ||||||||||||||||||||||
Reclamation and remediation | 25 | — | 25 | ||||||||||||||||||||||
Gross profit | 310 | (10 | ) | 300 | |||||||||||||||||||||
Income (loss) from continuing operations(2) | (1,174 | ) | (21 | ) | (1,195 | ) | |||||||||||||||||||
Income (loss) from discontinued operations(2) | 8 | — | 8 | ||||||||||||||||||||||
Net income (loss) | $ | (1,166 | ) | $ | (21 | ) | $ | (1,187 | ) | ||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | (2.34 | ) | $ | (0.05 | ) | $ | (2.39 | ) | ||||||||||||||||
Discontinued operations | 0.01 | — | 0.01 | ||||||||||||||||||||||
$ | (2.33 | ) | $ | (0.05 | ) | $ | (2.38 | ) | |||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | (2.34 | ) | $ | (0.05 | ) | $ | (2.39 | ) | ||||||||||||||||
Discontinued operations | 0.01 | — | 0.01 | ||||||||||||||||||||||
$ | (2.33 | ) | $ | (0.05 | ) | $ | (2.38 | ) | |||||||||||||||||
-1 | Refer to Note 2 and Note 4 for information on the revision and segment reclassifications, respectively. | ||||||||||||||||||||||||
(2) | Attributable to Newmont stockholders. |
SCHEDULE_II_Valuation_and_Qual
SCHEDULE II - Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||||||
SCHEDULE II - Valuation and Qualifying Accounts | ' | ||||||||||||
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(in millions) | |||||||||||||
Deferred Income Tax Valuation Allowance | |||||||||||||
Balance at January 1 | $ | 1,626 | $ | 977 | $ | 435 | |||||||
Additions to deferred income tax expense | 1,202 | 762 | 723 | ||||||||||
Reduction of deferred income tax expense | (104 | ) | (103 | ) | (149 | ) | |||||||
Valuation release to equity | — | (10 | ) | (32 | ) | ||||||||
Balance at December 31 | $ | 2,724 | $ | 1,626 | $ | 977 | |||||||
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Use of Estimates | ' |
Use of Estimates | |
The Company’s Consolidated Financial Statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). The preparation of the Company’s Consolidated Financial Statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to mineral reserves that are the basis for future cash flow estimates utilized in impairment calculations and units-of-production amortization calculations; environmental, reclamation and closure obligations; estimates of recoverable gold and other minerals in stockpile and leach pad inventories; estimates of fair value for certain reporting units and asset impairments (including impairments of goodwill, long-lived assets and investments); write-downs of inventory, stockpiles and ore on leach pads to net realizable value; post-employment, post-retirement and other employee benefit liabilities; valuation allowances for deferred tax assets; reserves for contingencies and litigation; and the fair value and accounting treatment of financial instruments including marketable securities and derivative instruments. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results will differ from these amounts estimated in these financial statements. | |
Principles of Consolidation | ' |
Principles of Consolidation | |
The Consolidated Financial Statements include the accounts of Newmont Mining Corporation and the more-than-50%-owned subsidiaries that it controls and entities over which control is achieved through means other than voting rights. The Company also includes its pro-rata share of assets, liabilities and operations for unincorporated joint ventures in which it has an interest. All significant intercompany balances and transactions have been eliminated. The functional currency for the majority of the Company’s operations, including the Australian operations, is the U.S. dollar. | |
The Company follows FASB Accounting Standards Codification (“ASC”) guidance for identification and reporting of entities over which control is achieved through means other than voting rights. The guidance defines such entities as Variable Interest Entities (“VIEs”). The Company has identified VIEs in connection with our interests in PT Newmont Nusa Tenggara (“PTNNT” or “Batu Hijau”) due to certain funding arrangements and shareholder commitments. The Company has financing arrangements with PT Pukuafu Indah (“PTPI”) and PT Indonesia Masbaga Investama (“PTIMI”), unrelated noncontrolling shareholders of PTNNT, whereby the Company agreed to advance certain funds to them in exchange for (i) a pledge of their combined 20% share of PTNNT, (ii) an assignment of dividends payable on the shares, net of withholding tax, (iii) a commitment from them to support the application of our standards to the operation of Batu Hijau and (iv) as of September 16, 2011 in respect of PTPI only, powers of attorney to vote and sell PTNNT shares in support of the pledge, enforceable in an event of default as further security for the funding. The Company has determined itself to be the primary beneficiary of these entities, controls the operations of Batu Hijau and has the obligation to absorb losses and the right to receive benefits that are significant to PTNNT. Therefore, the Company consolidates PTNNT in its financial statements. | |
On March 12, 2013, Newmont completed the sale of the Hope Bay Project to TMAC Resources Inc. (“TMAC”). At December 31, 2013, Newmont held a 49.9% voting interest in TMAC and an economic interest of 70.4%. The Company has made available a CAD $15 credit facility due June 2014 which was drawn down in December 2013. Newmont has identified TMAC as a Variable Interest Entity (“VIE”) under FASB Accounting Standards Codification (“ASC”)—Consolidation guidance. Based upon the ASC guidance for VIEs, and the ownership structure, Newmont has determined that it has a controlling financial interest in TMAC and is therefore the primary beneficiary. As such, Newmont consolidated TMAC in its consolidated financial statements. TMAC has indicated that they anticipate raising funds at an undetermined date through an initial public offering (“IPO”). Should such an IPO occur, which there can be no assurance of such offering occurring, it is expected that Newmont’s ownership will be reduced and Newmont would reevaluate whether or not it is still required to consolidate TMAC under the applicable ASC guidance. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
Cash and cash equivalents consist of all cash balances and highly liquid investments with an original maturity of three months or less. Because of the short maturity of these investments, the carrying amounts approximate their fair value. Cash and cash equivalents are invested in United States Treasury securities and money market securities. Restricted cash is excluded from cash and cash equivalents and is included in other current and long-term assets. | |
Investments | ' |
Investments | |
Management determines the appropriate classification of its investments in equity securities at the time of purchase and reevaluates such determinations at each reporting date. Investments in incorporated entities in which the Company’s ownership is greater than 20% and less than 50%, or which the Company does not control through majority ownership or means other than voting rights, are accounted for by the equity method and are included in long-term assets. The Company accounts for its marketable security investments as available for sale securities in accordance with ASC guidance on accounting for certain investments in debt and equity securities. The Company periodically evaluates whether declines in fair values of its investments below the Company’s carrying value are other-than-temporary in accordance with ASC guidance. The Company’s policy is to generally treat a decline in the investment’s quoted market value that has lasted continuously for more than six months as an other-than-temporary decline in value. The Company also monitors its investments for events or changes in circumstances that have occurred that may have a significant adverse effect on the fair value of the investment and evaluates qualitative and quantitative factors regarding the severity and duration of the unrealized loss and the Company’s ability to hold the investment until a forecasted recovery occurs to determine if the decline in value of an investment is other-than-temporary. Declines in fair value below the Company’s carrying value deemed to be other-than-temporary are charged to earnings. | |
Stockpiles, Ore on Leach Pads and Inventories | ' |
Stockpiles, Ore on Leach Pads and Inventories | |
As described below, costs that are incurred in or benefit the productive process are accumulated as stockpiles, ore on leach pads and inventories. Stockpiles, ore on leach pads and inventories are carried at the lower of average cost or net realizable value. Net realizable value represents the estimated future sales price of the product based on current and long-term metals prices, less the estimated costs to complete production and bring the product to sale. Write-downs of stockpiles, ore on leach pads and inventories to net realizable value are reported as a component of Costs applicable to sales andAmortization. The current portion of stockpiles, ore on leach pads and inventories is determined based on the expected amounts to be processed within the next 12 months. Stockpiles, ore on leach pads and inventories not expected to be processed within the next 12 months are classified as long-term. The major classifications are as follows: | |
Stockpiles | |
Stockpiles represent ore that has been extracted from the mine and is available for further processing. Stockpiles are measured by estimating the number of tons added and removed from the stockpile, the number of contained ounces or pounds (based on assay data) and the estimated metallurgical recovery rates (based on the expected processing method). Stockpile ore tonnages are verified by periodic surveys. Costs are allocated to stockpiles based on current mining costs incurred including applicable overhead and amortization relating to mining operations, and removed at each stockpile’s average cost per recoverable unit. | |
Ore on Leach Pads | |
The recovery of gold from certain gold oxide ores is achieved through the heap leaching process. Under this method, oxide ore is placed on leach pads where it is treated with a chemical solution, which dissolves the gold contained in the ore. The resulting gold-bearing solution is further processed in a plant where the gold is recovered. Costs are added to ore on leach pads based on current mining costs, including applicable amortization relating to mining operations. Costs are removed from ore on leach pads as ounces are recovered based on the average cost per estimated recoverable ounce of gold on the leach pad. | |
The estimates of recoverable gold on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tons added to the leach pads), the grade of ore placed on the leach pads (based on assay data) and a recovery percentage (based on ore type). In general, leach pads recover between 50% and 95% of the recoverable ounces in the first year of leaching, declining each year thereafter until the leaching process is complete. | |
Although the quantities of recoverable gold placed on the leach pads are reconciled by comparing the grades of ore placed on pads to the quantities of gold actually recovered (metallurgical balancing), the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. As a result, the metallurgical balancing process is constantly monitored and estimates are refined based on actual results over time. Historically, the Company’s operating results have not been materially impacted by variations between the estimated and actual recoverable quantities of gold on its leach pads. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. | |
In-process Inventory | |
In-process inventories represent materials that are currently in the process of being converted to a saleable product. Conversion processes vary depending on the nature of the ore and the specific processing facility, but include mill in-circuit, flotation, leach and carbon-in-leach in circuits. In-process material is measured based on assays of the material fed into the process and the projected recoveries of the respective plants. In-process inventories are valued at the average cost of the material fed into the process attributable to the source material coming from the mines, stockpiles and/or leach pads plus the in-process conversion costs, including applicable amortization relating to the process facilities incurred to that point in the process. | |
Precious Metals Inventory | |
Precious metals inventories include gold doré and/or gold bullion. Precious metals that result from the Company’s mining and processing activities are valued at the average cost of the respective in-process inventories incurred prior to the refining process, plus applicable refining costs. | |
Copper Cathode Inventory | |
Copper heap leaching is performed on copper oxide ore and enriched copper sulphide ore to produce copper cathodes. Heap leaching is accomplished by stacking uncrushed ore onto synthetically lined pads where it is contacted with a dilute sulphuric acid solution thus leaching the acid soluble minerals into a copper sulphate solution. The copper sulphate solution is then collected and pumped to the solvent extraction (“SX”) plant. The SX process consists of two steps. During the first step, the copper is extracted into an organic solvent solution. The loaded organic solution is then pumped to the second step where copper is stripped with a strong acid solution before being sent through the electrowinning process. Cathodes produced in electrowinning are 99.99% copper. | |
Copper cathode is produced at our Phoenix operations by solution extraction and electrowinning (SX/EW). The inventory is valued at the average cost to produce the cathode or net realizable value. | |
Concentrate Inventory | |
Concentrate inventories represent copper and gold concentrate available for shipment or in transit for further processing when the sales process has not been completed. The Company values concentrate inventory at the average cost, including an allocable portion of support costs and amortization. Costs are added and removed to the concentrate inventory based on metal in the concentrate and are valued at the lower of average cost or net realizable value. | |
Materials and Supplies | |
Materials and supplies are valued at the lower of average cost or net realizable value. Cost includes applicable taxes and freight. | |
Property, Plant and Mine Development | ' |
Property, Plant and Mine Development | |
Facilities and equipment | |
Expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. The facilities and equipment are amortized using the straight-line method at rates sufficient to amortize such costs over the estimated productive lives of such facilities. These estimated productive lives do not exceed the related estimated mine lives, which are based on proven and probable reserves. | |
Mine Development | |
Mine development costs include engineering and metallurgical studies, drilling and other related costs to delineate an ore body, the removal of overburden to initially expose an ore body at open pit surface mines and the building of access ways, shafts, lateral access, drifts, ramps and other infrastructure at underground mines. Costs incurred before mineralization is classified as proven and probable reserves are expensed and classified as Exploration or Advanced projects, research and development expense. Capitalization of mine development project costs, that meet the definition of an asset, begins once mineralization is classified as proven and probable reserves. | |
Drilling and related costs are capitalized for an ore body where proven and probable reserves exist and the activities are directed at obtaining additional information on the ore body or converting mineralized material to proven and probable reserves. All other drilling and related costs are expensed as incurred. Drilling costs incurred during the production phase for operational ore control are allocated to inventory costs and then included as a component of Costs applicable to sales. | |
The cost of removing overburden and waste materials to access the ore body at an open-pit mine prior to the production phase are referred to as “pre-stripping costs.” Pre-stripping costs are capitalized during the development of an open-pit mine. Where multiple open pits exist at a mining complex utilizing common processing facilities, pre-stripping costs are capitalized at each pit. The removal, production, and sale of de minimis saleable materials may occur during development and are recorded as Other income, net of incremental mining and processing costs. | |
The production phase of an open-pit mine commences when saleable minerals, beyond a de minimis amount, are produced. Stripping costs incurred during the production phase of a mine are variable production costs that are included as a component of inventory to be recognized in Costs applicable to sales in the same period as the revenue from the sale of inventory. The Company’s definition of a mine and the mine’s production phase may differ from that of other companies in the mining industry resulting in incomparable allocations of stripping costs to deferred mine development and production costs. Other mining companies may expense pre-stripping costs associated with subsequent pits within a mining complex. Other mining companies may capitalize stripping costs incurred in connection with the production phase. | |
Mine development costs are amortized using the units-of-production (“UOP”) method based on estimated recoverable ounces or pounds in proven and probable reserves. To the extent that these costs benefit an entire ore body, they are amortized over the estimated life of the ore body. Costs incurred to access specific ore blocks or areas that only provide benefit over the life of that area are amortized over the estimated life of that specific ore block or area. | |
Mineral Interests | |
Mineral interests include acquired interests in production, development and exploration stage properties. The mineral interests are capitalized at their fair value at the acquisition date, either as an individual asset purchase or as part of a business combination. | |
The value of such assets is primarily driven by the nature and amount of mineralized material believed to be contained in such properties. Production stage mineral interests represent interests in operating properties that contain proven and probable reserves. Development stage mineral interests represent interests in properties under development that contain proven and probable reserves. Exploration stage mineral interests represent interests in properties that are believed to potentially contain mineralized material consisting of (i) mineralized material such as inferred material within pits; measured, indicated and inferred material with insufficient drill spacing to qualify as proven and probable reserves; and inferred material in close proximity to proven and probable reserves; (ii) around-mine exploration potential such as inferred material not immediately adjacent to existing reserves and mineralization, but located within the immediate mine area; (iii) other mine-related exploration potential that is not part of measured, indicated or inferred material and is comprised mainly of material outside of the immediate mine area; (iv) greenfields exploration potential that is not associated with any other production, development or exploration stage property, as described above; or (v) any acquired right to explore or extract a potential mineral deposit. The Company’s mineral rights generally are enforceable regardless of whether proven and probable reserves have been established. In certain limited situations, the nature of a mineral right changes from an exploration right to a mining right upon the establishment of proven and probable reserves. The Company has the ability and intent to renew mineral interests where the existing term is not sufficient to recover all identified and valued proven and probable reserves and/or undeveloped mineralized material. | |
Asset Impairment | ' |
Asset Impairment | |
The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. An impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets, including goodwill, if any. An impairment loss is measured and recorded based on discounted estimated future cash flows. Future cash flows are estimated based on quantities of recoverable minerals, expected gold and other commodity prices (considering current and historical prices, trends and related factors), production levels, operating costs, capital requirements and reclamation costs, all based on life-of-mine plans. Existing proven and probable reserves and value beyond proven and probable reserves, including mineralization that is not part of the measured, indicated or inferred resource base, are included when determining the fair value of mine site reporting units at acquisition and, subsequently, in determining whether the assets are impaired. The term “recoverable minerals” refers to the estimated amount of gold or other commodities that will be obtained after taking into account losses during ore processing and treatment. Estimates of recoverable minerals from such exploration stage mineral interests are risk adjusted based on management’s relative confidence in such materials. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions and it is possible that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable minerals, gold and other commodity prices, production levels and costs and capital are each subject to significant risks and uncertainties. | |
Revenue Recognition | ' |
Revenue Recognition | |
Revenue is recognized, net of treatment and refining charges, from a sale when persuasive evidence of an arrangement exists, the price is determinable, the product has been delivered, the title has been transferred to the customer and collection of the sales price is reasonably assured. Revenues from by-product sales are credited to Costs applicable to sales as a by-product credit. | |
Concentrate sales are initially recorded based on 100% of the provisional sales prices. Until final settlement occurs, adjustments to the provisional sales prices are made to take into account the mark-to-market changes based on the forward prices for the estimated month of settlement. For changes in metal quantities upon receipt of new information and assay, the provisional sales quantities are adjusted as well. The principal risks associated with recognition of sales on a provisional basis include metal price fluctuations between the date initially recorded and the date of final settlement. If a significant decline in metal prices occurs between the provisional pricing date and the final settlement date, it is reasonably possible that the Company could be required to return a portion of the sales proceeds received based on the provisional invoice. | |
The Company’s sales based on a provisional price contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of the concentrates at the forward exchange price at the time of sale. The embedded derivative, which does not qualify for hedge accounting, is marked to market through earnings each period prior to final settlement. | |
Income and Mining Taxes | ' |
Income and Mining Taxes | |
The Company accounts for income taxes using the liability method, recognizing certain temporary differences between the financial reporting basis of the Company’s liabilities and assets and the related income tax basis for such liabilities and assets. This method generates either a net deferred income tax liability or asset for the Company, as measured by the statutory tax rates in effect. The Company derives its deferred income tax charge or benefit by recording the change in either the net deferred income tax liability or asset balance for the year. Mining taxes represent state and provincial taxes levied on mining operations and are classified as income taxes; as such taxes are based on a percentage of mining profits. With respect to the earnings that the Company derives from the operations of its consolidated subsidiaries, in those situations where the earnings are indefinitely reinvested, no deferred taxes have been provided on the unremitted earnings (including the excess of the carrying value of the net equity of such entities for financial reporting purposes over the tax basis of such equity) of these consolidated companies. | |
The Company’s deferred income tax assets include certain future tax benefits. The Company records a valuation allowance against any portion of those deferred income tax assets when it believes, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred income tax asset will not be realized. | |
The Company’s operations involve dealing with uncertainties and judgments in the application of complex tax regulations in multiple jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state, and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due. The Company adjusts these reserves in light of changing facts and circumstances; however, due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the Company’s current estimate of the tax liabilities. If the Company’s estimate of tax liabilities proves to be less than the ultimate assessment, an additional charge to expense would result. If the estimate of tax liabilities proves to be greater than the ultimate assessment, a tax benefit would result. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in Income and mining tax expense. | |
Reclamation and Remediation Costs | ' |
Reclamation and Remediation Costs | |
Reclamation obligations are recognized when incurred and recorded as liabilities at fair value. The liability is accreted over time through periodic charges to earnings. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. Reclamation costs are periodically adjusted to reflect changes in the estimated present value resulting from the passage of time and revisions to the estimates of either the timing or amount of the reclamation costs. The estimated reclamation obligation is based on when spending for an existing disturbance is expected to occur. The Company reviews, on an annual basis, unless otherwise deemed necessary, the reclamation obligation at each mine site in accordance with ASC guidance for reclamation obligations. | |
Future remediation costs for inactive mines are accrued based on management’s best estimate at the end of each period of the costs expected to be incurred at a site. Such cost estimates include, where applicable, ongoing care, maintenance and monitoring costs. Changes in estimates at inactive mines are reflected in earnings in the period an estimate is revised. | |
Foreign Currency | ' |
Foreign Currency | |
The functional currency for the majority of the Company’s operations, including the Australian operations, is the U.S. dollar. All monetary assets and liabilities where the functional currency is the U.S. dollar are translated at current exchange rates and the resulting adjustments are included in Other income, net. All assets and liabilities recorded in functional currencies other than U.S. dollars are translated at current exchange rates and the resulting adjustments are charged or credited directly to Accumulated other comprehensive income in Equity. Revenues and expenses in foreign currencies are translated at the weighted-average exchange rates for the period. | |
Derivative Instruments | ' |
Derivative Instruments | |
Newmont has forward contracts designated as cash flow hedges in place to hedge against changes in foreign exchanges rates and diesel prices, and forward starting swap contracts to hedge against changes in treasury rates. The fair value of derivative contracts qualifying as cash flow hedges are reflected as assets or liabilities in the balance sheet. To the extent these hedges are effective in offsetting forecasted cash flows from production costs (the “effective portion”), changes in fair value are deferred in Accumulated other comprehensive income. Amounts deferred in Accumulated other comprehensive income are reclassified to income when the hedged transaction has occurred. The ineffective portion of the change in the fair value of the derivative is recorded in Other income, net in each period. Cash transactions related to the Company’s derivative contracts accounted for as hedges are classified in the same category as the item being hedged in the statement of cash flows. | |
When derivative contracts qualifying as cash flow hedges are settled, accelerated or restructured before the maturity date of the contracts, the related amount in Accumulated other comprehensive income at the settlement date is deferred and reclassified to earnings, as applicable, when the originally designated hedged transaction impacts earnings. | |
The fair value of derivative contracts qualifying as fair value hedges are reflected as assets or liabilities in the balance sheet. Changes in fair value are recorded in income in each period, consistent with recording changes to the mark-to-market value of the underlying hedged asset or liability in income. Prior to maturity in May 2011, changes in the mark-to-market value of the effective portion of interest rate swaps utilized by the Company to swap a portion of its fixed rate interest rate risk to floating rate risk were recognized as a component of Interest expense, net. | |
Newmont assesses the effectiveness of the derivative contracts periodically using either regression analysis or the dollar offset approach, both retrospectively and prospectively, to determine whether the hedging instruments have been highly effective in offsetting changes in the fair value of the hedged items. The Company will also assess periodically whether the hedging instruments are expected to be highly effective in the future. If a hedging instrument is not expected to be highly effective, the Company will stop hedge accounting prospectively. In those instances, the gains or losses remain in Accumulated other comprehensive income until the hedged item affects earnings. | |
Net Income (loss) per Common Share | ' |
Net Income (loss) per Common Share | |
Basic and diluted income per share are presented for Net income (loss) attributable to Newmont stockholders and for Income (loss) from continuing operations attributable to Newmont stockholders. Basic income per share is computed by dividing income available to common shareholders by the weighted-average number of outstanding common shares for the period, including the exchangeable shares (see Notes 13 and 24). Diluted income per share reflects the potential dilution that could occur if securities or other contracts that may require the issuance of common shares in the future were converted. Diluted income per share is computed by increasing the weighted-average number of outstanding common shares to include the additional common shares that would be outstanding after conversion and adjusting net income for changes that would result from the conversion. Only those securities or other contracts that result in a reduction in earnings per share are included in the calculation. | |
Comprehensive Income | ' |
Comprehensive Income | |
In addition to Net income (loss), Comprehensive income (loss) includes all changes in equity during a period, such as adjustments to minimum pension liabilities, foreign currency translation adjustments, the effective portion of changes in fair value of derivative instruments that qualify as cash flow hedges and cumulative unrecognized changes in fair value of marketable securities available-for-sale or other investments, except those resulting from investments by and distributions to owners. | |
Reclassifications | ' |
Reclassifications | |
Certain amounts in prior years have been reclassified to conform to the 2013 presentation. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements | |
Reporting of Amounts reclassified out of Accumulated Other Comprehensive Income | |
In February 2013, ASC guidance was issued related to items reclassified from Accumulated Other Comprehensive Income(Loss). The new standard requires either in a single note or parenthetically on the face of the financial statements: (i) the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and (ii) the income statement line items affected by the reclassification. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Disclosures about Offsetting Assets and Liabilities | |
In November 2011, ASC guidance was issued related to disclosures about offsetting assets and liabilities. The new standard requires disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. In January 2013, an update was issued to further clarify that the disclosure requirements are limited to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (i) offset in the financial statements or (ii) subject to an enforceable master netting arrangement or similar agreement. Adoption of the new guidance, effective for the fiscal year beginning January 1, 2013, had no impact on the consolidated financial position, results of operations or cash flows. | |
Recently Issued Accounting Pronouncements | ' |
Recently Issued Accounting Pronouncements | |
Presentation of an Unrecognized Tax Benefit | |
In July 2013, ASC guidance was issued related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The updated guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforward, a similar tax loss, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from disallowance of the uncertain tax position. The update is effective prospectively for the Company’s fiscal year beginning January 1, 2014. The Company is still evaluating the impact of the updated guidance on the consolidated financial position, results of operations or cash flows. | |
Foreign Currency Matters | |
In March 2013, ASC guidance was issued related to Foreign Currency Matters to clarify the treatment of cumulative translation adjustments when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The updated guidance also resolves the diversity in practice for the treatment of business combinations achieved in stages in a foreign entity. The update is effective prospectively for the Company’s fiscal year beginning January 1, 2014. The Company does not expect the updated guidance to have an impact on the consolidated financial position, results of operations or cash flows. |
REVISION_OF_FINANCIAL_STATEMEN1
REVISION OF FINANCIAL STATEMENTS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Changes And Error Corrections [Abstract] | ' | ||||||||||||||||
Consolidated Financial Statements | ' | ||||||||||||||||
Accordingly, by reference to SAB No. 108, our previously issued consolidated financial statements have been revised as follows: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 8,322 | $ | 92 | $ | — | $ | 8,414 | |||||||||
Costs applicable to sales | 5,186 | 92 | 21 | 5,299 | |||||||||||||
Income (loss) before income and mining tax and other items | (3,585 | ) | — | (21 | ) | (3,606 | ) | ||||||||||
Income and mining tax benefit (expense) | 813 | — | (58 | ) | 755 | ||||||||||||
Net income (loss) | (2,716 | ) | — | (79 | ) | (2,795 | ) | ||||||||||
Net loss (income) attributable to noncontrolling interests | 254 | — | 7 | 261 | |||||||||||||
Net income (loss) attributable to Newmont stockholders | (2,462 | ) | — | (72 | ) | (2,534 | ) | ||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | (4.94 | ) | $ | — | $ | (0.15 | ) | $ | (5.09 | ) | ||||||
Diluted | $ | (4.94 | ) | $ | — | $ | (0.15 | ) | $ | (5.09 | ) | ||||||
Year Ended December 31, 2012 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 9,868 | $ | 96 | $ | — | $ | 9,964 | |||||||||
Costs applicable to sales | 4,238 | 96 | — | 4,334 | |||||||||||||
Income (loss) before income and mining tax and other items | 3,114 | — | — | 3,114 | |||||||||||||
Income and mining tax benefit (expense) | (869 | ) | — | (7 | ) | (876 | ) | ||||||||||
Net income (loss) | 2,118 | — | (7 | ) | 2,111 | ||||||||||||
Net income (loss) attributable to Newmont stockholders | 1,809 | — | (7 | ) | 1,802 | ||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | 3.65 | $ | — | $ | (0.01 | ) | $ | 3.64 | ||||||||
Diluted | $ | 3.63 | $ | — | $ | (0.02 | ) | $ | 3.61 | ||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Statement of Consolidated Operations | As Previously | Co-product | Revision | As Revised | |||||||||||||
Reported | Reclassification(1) | ||||||||||||||||
Sales | $ | 10,358 | $ | 83 | $ | — | $ | 10,441 | |||||||||
Costs applicable to sales | 3,890 | 83 | — | 3,973 | |||||||||||||
Income (loss) before income and mining tax and other items | 1,810 | — | — | 1,810 | |||||||||||||
Income and mining tax benefit (expense) | (713 | ) | — | (34 | ) | (747 | ) | ||||||||||
Net income (loss) | 972 | — | (34 | ) | 938 | ||||||||||||
Net income (loss) attributable to Newmont stockholders | 366 | — | (34 | ) | 332 | ||||||||||||
Income (loss) per common share | |||||||||||||||||
Basic | $ | 0.74 | $ | — | $ | (0.07 | ) | $ | 0.67 | ||||||||
Diluted | $ | 0.73 | $ | — | $ | (0.07 | ) | $ | 0.66 | ||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | (2,716 | ) | $ | (79 | ) | $ | (2,795 | ) | ||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | (1,314 | ) | 58 | (1,256 | ) | ||||||||||||
Net changes in operating assets and liabilities | (1,107 | ) | 21 | (1,086 | ) | ||||||||||||
Net cash provided from continuing operations | 1,561 | — | 1,561 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | 2,118 | $ | (7 | ) | $ | 2,111 | ||||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | 15 | 7 | 22 | ||||||||||||||
Net cash provided from continuing operations | 2,388 | — | 2,388 | ||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Consolidated Statement of Cash Flows | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Net income | $ | 972 | $ | (34 | ) | $ | 938 | ||||||||||
Adjustments: | |||||||||||||||||
Deferred income taxes | (671 | ) | 34 | (637 | ) | ||||||||||||
Net cash provided from continuing operations | 3,591 | — | 3,591 | ||||||||||||||
At December 31, 2013 | |||||||||||||||||
Consolidated Balance Sheet | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Stockpiles and ore on leach pads(2) | $ | 3,506 | $ | (21 | ) | $ | 3,485 | ||||||||||
Deferred income tax assets(3) | 1,860 | (136 | ) | 1,724 | |||||||||||||
Total Assets | 24,764 | (157 | ) | 24,607 | |||||||||||||
Employee-related benefits | 325 | (2 | ) | 323 | |||||||||||||
Total liabilities | 11,700 | (2 | ) | 11,698 | |||||||||||||
Additional paid-in capital | 8,441 | 97 | 8,538 | ||||||||||||||
Retained earnings | 1,093 | (245 | ) | 848 | |||||||||||||
Newmont stockholders’ equity | 10,141 | (148 | ) | 9,993 | |||||||||||||
Noncontrolling interests | 2,923 | (7 | ) | 2,916 | |||||||||||||
Total equity | 13,064 | (155 | ) | 12,909 | |||||||||||||
Total liabilities and equity | 24,764 | (157 | ) | 24,607 | |||||||||||||
At December 31, 2012 | |||||||||||||||||
Consolidated Balance Sheet | As Previously | Revision | As Revised | ||||||||||||||
Reported | |||||||||||||||||
Deferred income tax assets(3) | 676 | (77 | ) | 599 | |||||||||||||
Total Assets | 29,650 | (77 | ) | 29,573 | |||||||||||||
Additional paid-in capital | 8,330 | 97 | 8,427 | ||||||||||||||
Retained earnings | 4,166 | (174 | ) | 3,992 | |||||||||||||
Newmont stockholders’ equity | 13,773 | (77 | ) | 13,696 | |||||||||||||
Total equity | 16,948 | (77 | ) | 16,871 | |||||||||||||
Total liabilities and equity | 29,650 | (77 | ) | 29,573 | |||||||||||||
(1) | Refer to Note 4 for information on the segment reclassifications. | ||||||||||||||||
(2) | Includes current and noncurrent stockpiles and ore on leach pads. | ||||||||||||||||
(3) | Includes current and noncurrent deferred tax assets. |
SEGMENT_INFORMATION_Tables
SEGMENT INFORMATION (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||
Financial Information of Newmont's Segments | ' | ||||||||||||||||||||||||||||
Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. The financial information relating to the Company’s segments is as follows: | |||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable | Projects and | Income | Assets | Expenditures(2) | |||||||||||||||||||||||||
to Sales | Exploration | (Loss)(1) | |||||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Carlin | $ | 1,390 | $ | 767 | $ | 142 | $ | 34 | $ | 440 | $ | 2,424 | $ | 237 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 295 | 164 | 32 | ||||||||||||||||||||||||||
Copper | 92 | 52 | 11 | ||||||||||||||||||||||||||
Total Phoenix | 387 | 216 | 43 | 10 | 101 | 1,022 | 120 | ||||||||||||||||||||||
Twin Creeks | 728 | 273 | 80 | 7 | 364 | 847 | 67 | ||||||||||||||||||||||
La Herradura | 258 | 177 | 34 | 42 | 5 | 434 | 102 | ||||||||||||||||||||||
Other North America | — | — | — | 42 | (2,131 | ) | 1,541 | 27 | |||||||||||||||||||||
North America | 2,763 | 1,433 | 299 | 135 | (1,221 | ) | 6,268 | 553 | |||||||||||||||||||||
Yanacocha | 1,458 | 684 | 333 | 41 | 292 | 2,797 | 176 | ||||||||||||||||||||||
Other South America | — | — | 1 | 34 | (32 | ) | 1,731 | 190 | |||||||||||||||||||||
South America | 1,458 | 684 | 334 | 75 | 260 | 4,528 | 366 | ||||||||||||||||||||||
Boddington: | |||||||||||||||||||||||||||||
Gold | 1,038 | 805 | 165 | ||||||||||||||||||||||||||
Copper | 211 | 195 | 37 | ||||||||||||||||||||||||||
Total Boddington | 1,249 | 1,000 | 202 | 1 | (2,056 | ) | 2,209 | 113 | |||||||||||||||||||||
Tanami | 449 | 270 | 81 | 11 | (33 | ) | 518 | 93 | |||||||||||||||||||||
Jundee | 398 | 206 | 80 | 7 | 106 | 140 | 45 | ||||||||||||||||||||||
Waihi | 157 | 103 | 31 | 5 | 15 | 127 | 11 | ||||||||||||||||||||||
Kalgoorlie | 460 | 342 | 23 | 3 | 96 | 375 | 19 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 14 | 13 | (39 | ) | 136 | 5 | |||||||||||||||||||||
Australia/New Zealand | 2,713 | 1,921 | 431 | 40 | (1,911 | ) | 3,505 | 286 | |||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 57 | 107 | 22 | ||||||||||||||||||||||||||
Copper | 466 | 815 | 163 | ||||||||||||||||||||||||||
Total Batu Hijau | 523 | 922 | 185 | 14 | (658 | ) | 3,424 | 105 | |||||||||||||||||||||
Other Indonesia | — | — | — | — | 2 | 3 | — | ||||||||||||||||||||||
Indonesia | 523 | 922 | 185 | 14 | (656 | ) | 3,427 | 105 | |||||||||||||||||||||
Ahafo | 793 | 307 | 78 | 51 | 344 | 1,628 | 169 | ||||||||||||||||||||||
Akyem | 164 | 32 | 13 | 8 | 105 | 1,260 | 236 | ||||||||||||||||||||||
Other Africa | — | — | — | 9 | (14 | ) | 1 | — | |||||||||||||||||||||
Africa | 957 | 339 | 91 | 68 | 435 | 2,889 | 405 | ||||||||||||||||||||||
Corporate and Other | — | — | 22 | 137 | (513 | ) | 3,990 | 84 | |||||||||||||||||||||
Consolidated | $ | 8,414 | $ | 5,299 | $ | 1,362 | $ | 469 | $ | (3,606 | ) | $ | 24,607 | $ | 1,799 | ||||||||||||||
(1) | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | ||||||||||||||||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $101; consolidated capital expenditures on a cash basis were $1,900. | ||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable to | Projects and | Income | Assets | Expenditures(1) | |||||||||||||||||||||||||
Sales | Exploration | ||||||||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Carlin | $ | 1,828 | $ | 767 | $ | 137 | $ | 47 | $ | 845 | $ | 2,236 | $ | 336 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 305 | 111 | 22 | ||||||||||||||||||||||||||
Copper | 96 | 60 | 9 | ||||||||||||||||||||||||||
Total Phoenix | 401 | 171 | 31 | 21 | 179 | 908 | 139 | ||||||||||||||||||||||
Twin Creeks | 718 | 256 | 61 | 30 | 392 | 805 | 131 | ||||||||||||||||||||||
La Herradura | 354 | 132 | 21 | 41 | 157 | 438 | 89 | ||||||||||||||||||||||
Other North America | — | — | 1 | 40 | (44 | ) | 3,615 | 71 | |||||||||||||||||||||
North America | 3,301 | 1,326 | 251 | 179 | 1,529 | 8,002 | 766 | ||||||||||||||||||||||
Yanacocha | 2,202 | 669 | 254 | 59 | 1,100 | 2,921 | 510 | ||||||||||||||||||||||
Other South America | — | — | — | 72 | (91 | ) | 1,650 | 601 | |||||||||||||||||||||
South America | 2,202 | 669 | 254 | 131 | 1,009 | 4,571 | 1,111 | ||||||||||||||||||||||
Boddington | |||||||||||||||||||||||||||||
Gold | 1,184 | 623 | 159 | ||||||||||||||||||||||||||
Copper | 224 | 150 | 34 | ||||||||||||||||||||||||||
Total Boddington | 1,408 | 773 | 193 | 8 | 407 | 4,629 | 141 | ||||||||||||||||||||||
Tanami | 302 | 250 | 50 | 28 | (24 | ) | 632 | 179 | |||||||||||||||||||||
Jundee | 537 | 172 | 50 | 20 | 292 | 202 | 58 | ||||||||||||||||||||||
Waihi | 104 | 97 | 23 | 12 | (33 | ) | 160 | 19 | |||||||||||||||||||||
Kalgoorlie | 569 | 277 | 18 | 5 | 255 | 447 | 21 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 5 | 19 | 86 | 235 | 19 | ||||||||||||||||||||||
Australia/New Zealand | 2,920 | 1,569 | 339 | 92 | 983 | 6,305 | 437 | ||||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 106 | 71 | 12 | ||||||||||||||||||||||||||
Copper | 561 | 385 | 76 | ||||||||||||||||||||||||||
Total Batu Hijau | 667 | 456 | 88 | 32 | 8 | 3,777 | 148 | ||||||||||||||||||||||
Other Indonesia | — | — | — | — | 3 | 4 | — | ||||||||||||||||||||||
Indonesia | 667 | 456 | 88 | 32 | 11 | 3,781 | 148 | ||||||||||||||||||||||
Ahafo | 874 | 314 | 75 | 53 | 435 | 1,436 | 228 | ||||||||||||||||||||||
Akyem | — | — | — | 19 | (20 | ) | 981 | 388 | |||||||||||||||||||||
Other Africa | — | — | — | 10 | 10 | 11 | — | ||||||||||||||||||||||
Africa | 874 | 314 | 75 | 82 | 425 | 2,428 | 616 | ||||||||||||||||||||||
Corporate and Other | — | — | 25 | 188 | (843 | ) | 4,486 | 74 | |||||||||||||||||||||
Consolidated | $ | 9,964 | $ | 4,334 | $ | 1,032 | $ | 704 | $ | 3,114 | $ | 29,573 | $ | 3,152 | |||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $58; consolidated capital expenditures on a cash basis were $3,210. | ||||||||||||||||||||||||||||
Sales | Costs | Amortization | Advanced | Pre-Tax | Total | Capital | |||||||||||||||||||||||
Applicable to | Projects and | Income(1) | Assets | Expenditures(2) | |||||||||||||||||||||||||
Sales | Exploration | ||||||||||||||||||||||||||||
Year Ended December 31, 2011 | |||||||||||||||||||||||||||||
Carlin | $ | 1,488 | $ | 715 | $ | 149 | $ | 41 | $ | 565 | $ | 1,665 | $ | 268 | |||||||||||||||
Phoenix | |||||||||||||||||||||||||||||
Gold | 363 | 100 | 27 | ||||||||||||||||||||||||||
Copper | 83 | 44 | 8 | ||||||||||||||||||||||||||
Total Phoenix | 446 | 144 | 35 | 16 | 239 | 799 | 110 | ||||||||||||||||||||||
Twin Creeks | 849 | 263 | 93 | 46 | 438 | 1,008 | 89 | ||||||||||||||||||||||
La Herradura | 331 | 110 | 20 | 18 | 190 | 329 | 81 | ||||||||||||||||||||||
Other North America | — | — | — | 32 | 13 | 3,545 | 92 | ||||||||||||||||||||||
North America | 3,114 | 1,232 | 297 | 153 | 1,445 | 7,346 | 640 | ||||||||||||||||||||||
Yanacocha | 2,003 | 711 | 234 | 39 | 988 | 2,696 | 360 | ||||||||||||||||||||||
Other South America | — | — | — | 39 | (42 | ) | 1,101 | 739 | |||||||||||||||||||||
South America | 2,003 | 711 | 234 | 78 | 946 | 3,797 | 1,099 | ||||||||||||||||||||||
Boddington | |||||||||||||||||||||||||||||
Gold | 1,056 | 470 | 122 | ||||||||||||||||||||||||||
Copper | 210 | 118 | 28 | ||||||||||||||||||||||||||
Total Boddington | 1,266 | 588 | 150 | 11 | 506 | 4,586 | 217 | ||||||||||||||||||||||
Tanami | 346 | 205 | 40 | 15 | 81 | 484 | 144 | ||||||||||||||||||||||
Jundee | 530 | 140 | 56 | 18 | 310 | 178 | 53 | ||||||||||||||||||||||
Waihi | 149 | 101 | 22 | 15 | 15 | 169 | 32 | ||||||||||||||||||||||
Kalgoorlie | 588 | 235 | 17 | 3 | 324 | 423 | 65 | ||||||||||||||||||||||
Other Australia/New Zealand | — | — | 3 | 18 | (69 | ) | 168 | 18 | |||||||||||||||||||||
Australia/New Zealand | 2,879 | 1,269 | 288 | 80 | 1,167 | 6,008 | 529 | ||||||||||||||||||||||
Batu Hijau | |||||||||||||||||||||||||||||
Gold | 524 | 164 | 35 | ||||||||||||||||||||||||||
Copper | 1,052 | 332 | 71 | ||||||||||||||||||||||||||
Total Batu Hijau | 1,576 | 496 | 106 | 8 | 890 | 3,582 | 196 | ||||||||||||||||||||||
Other Indonesia | — | — | — | — | 3 | 3 | — | ||||||||||||||||||||||
Indonesia | 1,576 | 496 | 106 | 8 | 893 | 3,585 | 196 | ||||||||||||||||||||||
Ahafo | 869 | 265 | 76 | 40 | 465 | 1,146 | 116 | ||||||||||||||||||||||
Akyem | — | — | — | 9 | (10 | ) | 552 | 248 | |||||||||||||||||||||
Other Africa | — | — | — | 6 | 7 | — | — | ||||||||||||||||||||||
Africa | 869 | 265 | 76 | 55 | 462 | 1,698 | 364 | ||||||||||||||||||||||
Corporate and Other | — | — | 35 | 349 | (3,103 | ) | 3,607 | 136 | |||||||||||||||||||||
Consolidated | $ | 10,441 | $ | 3,973 | $ | 1,036 | $ | 723 | $ | 1,810 | $ | 26,041 | $ | 2,964 | |||||||||||||||
(1) | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | ||||||||||||||||||||||||||||
(2) | Accrual basis includes an increase in accrued capital expenditures of $177; consolidated capital expenditures on a cash basis were $2,787. | ||||||||||||||||||||||||||||
Revenues from Export and Domestic Sales | ' | ||||||||||||||||||||||||||||
Revenues from sales were as follows: | |||||||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
United Kingdom | $ | 6,373 | $ | 7,943 | $ | 7,510 | |||||||||||||||||||||||
Germany | 324 | 266 | 304 | ||||||||||||||||||||||||||
Japan | 376 | 435 | 549 | ||||||||||||||||||||||||||
Korea | 360 | 331 | 712 | ||||||||||||||||||||||||||
Indonesia | 130 | 67 | 531 | ||||||||||||||||||||||||||
Mexico | 258 | 357 | 331 | ||||||||||||||||||||||||||
Philippines | 242 | 225 | 287 | ||||||||||||||||||||||||||
Other | 351 | 340 | 217 | ||||||||||||||||||||||||||
$ | 8,414 | $ | 9,964 | $ | 10,441 | ||||||||||||||||||||||||
Long-Lived Assets, Excluding Deferred Tax Assets, Investments and Restricted Cash, by Country | ' | ||||||||||||||||||||||||||||
Long-lived assets, excluding deferred tax assets, investments and restricted cash, were as follows: | |||||||||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
United States | $ | 5,481 | $ | 7,252 | |||||||||||||||||||||||||
Australia | 2,895 | 5,510 | |||||||||||||||||||||||||||
Peru | 3,597 | 3,592 | |||||||||||||||||||||||||||
Indonesia | 2,782 | 2,719 | |||||||||||||||||||||||||||
Ghana | 2,440 | 2,189 | |||||||||||||||||||||||||||
Other | 511 | 426 | |||||||||||||||||||||||||||
$ | 17,706 | $ | 21,688 | ||||||||||||||||||||||||||
RECLAMATION_AND_REMEDIATION_Ta
RECLAMATION AND REMEDIATION (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||||||||||
Reclamation and Remediation Expenses | ' | ||||||||||||
The Company’s reclamation and remediation expenses consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Reclamation | $ | 11 | $ | 32 | $ | 61 | |||||||
Accretion - operating | 61 | 55 | 50 | ||||||||||
Accretion - non-operating | 9 | 9 | 9 | ||||||||||
$ | 81 | $ | 96 | $ | 120 | ||||||||
Reconciliation of Reclamation and Remediation Liabilities | ' | ||||||||||||
The following is a reconciliation of Reclamation and remediation liabilities: | |||||||||||||
Balance January 1, 2012 | $ | 1,240 | |||||||||||
Additions, changes in estimates and other | 308 | ||||||||||||
Liabilities settled | (73 | ) | |||||||||||
Accretion expense | 64 | ||||||||||||
Balance December 31, 2012 | 1,539 | ||||||||||||
Additions, changes in estimates and other | 61 | ||||||||||||
Liabilities settled | (59 | ) | |||||||||||
Accretion expense | 70 | ||||||||||||
Balance December 31, 2013 | $ | 1,611 | |||||||||||
WRITEDOWNS_Tables
WRITE-DOWNS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Write-downs | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Property, plant and mine development | |||||||||||||
Carlin | $ | — | $ | — | $ | 2 | |||||||
Other North America | 2,082 | 25 | — | ||||||||||
Yanacocha | 8 | — | 1 | ||||||||||
Other South America | — | 17 | — | ||||||||||
Boddington | 2,107 | — | — | ||||||||||
Tanami | 67 | — | — | ||||||||||
Kalgoorlie | — | 5 | — | ||||||||||
Batu Hijau | 1 | 5 | 1 | ||||||||||
Corporate and Other | — | — | 2,080 | ||||||||||
4,265 | 52 | 2,084 | |||||||||||
Other long-term assets | |||||||||||||
Boddington | 31 | — | — | ||||||||||
Tanami | 56 | — | — | ||||||||||
87 | — | — | |||||||||||
$ | 4,352 | $ | 52 | $ | 2,084 | ||||||||
OTHER_EXPENSE_NET_Tables
OTHER EXPENSE, NET (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Other Expense, Net | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Community development | $ | 84 | $ | 95 | $ | 67 | |||||||
Restructuring and other | 67 | 58 | — | ||||||||||
Regional administration | 59 | 88 | 78 | ||||||||||
Transaction/Acquisition costs | 27 | 12 | 22 | ||||||||||
Western Australia power plant | 19 | 13 | 15 | ||||||||||
World Gold Council dues | 5 | 11 | 7 | ||||||||||
Hope Bay care and maintenance | — | 144 | 17 | ||||||||||
Indonesian value added tax settlement | — | — | 21 | ||||||||||
Other | 39 | 28 | 38 | ||||||||||
$ | 300 | $ | 449 | $ | 265 | ||||||||
OTHER_INCOME_NET_Tables
OTHER INCOME, NET (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||
Other Income, Net | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Gain on sale of investments, net | $ | 280 | $ | 2 | $ | 64 | |||||||
Foreign currency exchange, net | 59 | (5 | ) | (4 | ) | ||||||||
Canadian Oil Sands dividends | 35 | 42 | 34 | ||||||||||
Refinery income, net | 32 | 27 | 27 | ||||||||||
Interest | 13 | 12 | 11 | ||||||||||
Development projects, net | 9 | 66 | 42 | ||||||||||
Gain on asset sales, net | 6 | 105 | 17 | ||||||||||
Reduction of allowance for loan receivable | — | 49 | — | ||||||||||
Derivative ineffectiveness, net | — | 2 | (17 | ) | |||||||||
Impairment of marketable securities | (105 | ) | (47 | ) | (180 | ) | |||||||
Other | 20 | 25 | 18 | ||||||||||
$ | 349 | $ | 278 | $ | 12 | ||||||||
INCOME_AND_MINING_TAXES_Tables
INCOME AND MINING TAXES (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income and Mining Tax (Expense) Benefit - Current vs Deferred | ' | ||||||||||||
The Company’s Income and mining tax benefit (expense) consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
United States | $ | (129 | ) | $ | (210 | ) | $ | (346 | ) | ||||
Foreign | (372 | ) | (644 | ) | (1,038 | ) | |||||||
(501 | ) | (854 | ) | (1,384 | ) | ||||||||
Deferred: | |||||||||||||
United States | 805 | 100 | 151 | ||||||||||
Foreign | 451 | (122 | ) | 486 | |||||||||
1,256 | (22 | ) | 637 | ||||||||||
$ | 755 | $ | (876 | ) | $ | (747 | ) | ||||||
Income and Mining Tax (Expense) Benefit - Domestic Vs Foreign | ' | ||||||||||||
The Company’s Income before income and mining tax and other items consisted of: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
United States | $ | (1,625 | ) | $ | 1,036 | $ | 878 | ||||||
Foreign | (1,981 | ) | 2,078 | 932 | |||||||||
$ | (3,606 | ) | $ | 3,114 | $ | 1,810 | |||||||
Income and Mining Tax Expense Reconciliation | ' | ||||||||||||
The Company’s Income and mining tax benefit (expense) differed from the amounts computed by applying the United States statutory corporate income tax rate for the following reasons: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income before income and mining tax and other items | $ | (3,606 | ) | $ | 3,114 | $ | 1,810 | ||||||
United States statutory corporate income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Income tax benefit (expense) computed at United States statutory corporate income tax rate | 1,262 | (1,090 | ) | (634 | ) | ||||||||
Reconciling items: | |||||||||||||
Tax benefit generated on change in form of a non-U.S. subsidiary | — | 694 | 65 | ||||||||||
Percentage depletion | 134 | 267 | 172 | ||||||||||
Change in valuation allowance on deferred tax assets | (665 | ) | (716 | ) | (263 | ) | |||||||
Tax planning on sale of Canadian Oil Sands and Canadian capital gains tax rate | 61 | — | — | ||||||||||
Effect of foreign earnings, net of credits | (19 | ) | 6 | (69 | ) | ||||||||
State tax benefit on asset impairment | 62 | — | — | ||||||||||
Mining taxes, net | (45 | ) | (77 | ) | (42 | ) | |||||||
Other | (35 | ) | 40 | 24 | |||||||||
Income and mining tax benefit (expense) | $ | 755 | $ | (876 | ) | $ | (747 | ) | |||||
Components of Deferred Tax Assets (Liabilities) | ' | ||||||||||||
Components of the Company’s deferred income tax assets (liabilities) are as follows: | |||||||||||||
At December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred income tax assets: | |||||||||||||
Property, plant and mine development | $ | 1,554 | $ | 621 | |||||||||
Reclamation and remediation | 314 | 306 | |||||||||||
Net operating losses, capital losses and tax credits | 2,003 | 1,933 | |||||||||||
Investment in partnerships | 224 | 281 | |||||||||||
Employee-related benefits | 231 | 280 | |||||||||||
Derivative instruments and unrealized loss on investments | 319 | 145 | |||||||||||
Other | 289 | 148 | |||||||||||
4,934 | 3,714 | ||||||||||||
Valuation allowances | (2,724 | ) | (1,626 | ) | |||||||||
2,210 | 2,088 | ||||||||||||
Deferred income tax liabilities: | |||||||||||||
Property, plant and mine development | (629 | ) | (1,724 | ) | |||||||||
Reclamation and remediation | (7 | ) | — | ||||||||||
Net undistributed earnings of subsidiaries | (406 | ) | (301 | ) | |||||||||
Derivative instruments and unrealized gain on investments | (79 | ) | (217 | ) | |||||||||
Other | (74 | ) | (170 | ) | |||||||||
(1,195 | ) | (2,412 | ) | ||||||||||
Net deferred income tax assets (liabilities) | $ | 1,015 | $ | (324 | ) | ||||||||
Net deferred income tax assets and liabilities consist of: | |||||||||||||
At December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Current deferred income tax assets | $ | 246 | $ | 195 | |||||||||
Long-term deferred income tax assets | 1,478 | 404 | |||||||||||
Current deferred income tax liabilities | (74 | ) | (65 | ) | |||||||||
Long-term deferred income tax liabilities | (635 | ) | (858 | ) | |||||||||
$ | 1,015 | $ | (324 | ) | |||||||||
Reconciliation of Gross Unrecognized Tax Benefits | ' | ||||||||||||
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Total amount of gross unrecognized tax benefits at beginning of year | $ | 391 | $ | 336 | $ | 116 | |||||||
Additions for tax positions of prior years | 19 | 81 | 160 | ||||||||||
Additions for tax positions of current year | — | — | 64 | ||||||||||
Reductions due to settlements with taxing authorities | (75 | ) | (5 | ) | — | ||||||||
Reductions due to lapse of statute of limitations | (15 | ) | (21 | ) | (4 | ) | |||||||
Total amount of gross unrecognized tax benefits at end of year | $ | 320 | $ | 391 | $ | 336 | |||||||
EQUITY_INCOME_LOSS_OF_AFFILIAT1
EQUITY INCOME (LOSS) OF AFFILIATES (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity Method Investments And Joint Ventures [Abstract] | ' | ||||||||||||
Equity Income (Loss) of Affiliates | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Minera La Zanja S.R.L. | $ | 19 | $ | 18 | $ | 52 | |||||||
Euronimba Ltd. | (25 | ) | (69 | ) | (41 | ) | |||||||
Novo Resources Corporation | 1 | — | — | ||||||||||
$ | (5 | ) | $ | (51 | ) | $ | 11 | ||||||
NET_INCOME_LOSS_ATTRIBUTABLE_T1
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Noncontrolling Interest [Abstract] | ' | ||||||||||||
Disclosure of Net Income Attributable to Noncontrolling Interest | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Minera Yanacocha | $ | 68 | $ | 305 | $ | 326 | |||||||
TMAC | (18 | ) | — | — | |||||||||
Batu Hijau | (320 | ) | (2 | ) | 287 | ||||||||
Other | 9 | 6 | (7 | ) | |||||||||
$ | (261 | ) | $ | 309 | $ | 606 | |||||||
NEWMONT_EQUITY_AND_INCOMELOSS_1
NEWMONT EQUITY AND INCOME/LOSS PER SHARE (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | ||||||||||||
Basic income per common share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted income per common share is computed similarly to basic income per common share except that the weighted average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued. | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income (loss) attributable to Newmont stockholders: | |||||||||||||
Continuing operations | $ | (2,595 | ) | $ | 1,878 | $ | 468 | ||||||
Discontinued operations | 61 | (76 | ) | (136 | ) | ||||||||
$ | (2,534 | ) | $ | 1,802 | $ | 332 | |||||||
Weighted average common shares (millions): | |||||||||||||
Basic | 498 | 496 | 494 | ||||||||||
Effect of employee stock based awards | — | — | 2 | ||||||||||
Effect of convertible notes | — | 3 | 8 | ||||||||||
Diluted | 498 | 499 | 504 | ||||||||||
Net income (loss) attributable to Newmont stockholders per common share | |||||||||||||
Basic: | |||||||||||||
Continuing operations | $ | (5.21 | ) | $ | 3.79 | $ | 0.95 | ||||||
Discontinued operations | 0.12 | (0.15 | ) | (0.28 | ) | ||||||||
$ | (5.09 | ) | $ | 3.64 | $ | 0.67 | |||||||
Diluted: | |||||||||||||
Continuing operations | $ | (5.21 | ) | $ | 3.76 | $ | 0.93 | ||||||
Discontinued operations | 0.12 | (0.15 | ) | (0.27 | ) | ||||||||
$ | (5.09 | ) | $ | 3.61 | $ | 0.66 | |||||||
EMPLOYEERELATED_BENEFITS_Table
EMPLOYEE-RELATED BENEFITS (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Current and Long-Term Employee-Related Benefits | ' | ||||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Accrued payroll and withholding taxes | $ | 285 | $ | 256 | |||||||||||||||||||||
Peruvian workers’ participation | 32 | 45 | |||||||||||||||||||||||
Employee pension benefits | 10 | 9 | |||||||||||||||||||||||
Other post-retirement plans | 2 | 2 | |||||||||||||||||||||||
Accrued severance | 1 | 3 | |||||||||||||||||||||||
Other employee-related payables | 11 | 24 | |||||||||||||||||||||||
$ | 341 | $ | 339 | ||||||||||||||||||||||
At December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Employee pension benefits | $ | 67 | $ | 297 | |||||||||||||||||||||
Other post-retirement benefit plans | 115 | 130 | |||||||||||||||||||||||
Accrued severance | 124 | 113 | |||||||||||||||||||||||
Peruvian workers’ participation | — | 20 | |||||||||||||||||||||||
Other employee-related payables | 17 | 26 | |||||||||||||||||||||||
$ | 323 | $ | 586 | ||||||||||||||||||||||
Benefit Obligations and Assets | ' | ||||||||||||||||||||||||
The following tables provide a reconciliation of changes in the plans’ benefit obligations and assets’ fair values for 2013 and 2012: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Change in Benefit Obligation: | |||||||||||||||||||||||||
Benefit obligation at beginning of year | $ | 944 | $ | 772 | $ | 132 | $ | 107 | |||||||||||||||||
Service cost | 33 | 30 | 4 | 3 | |||||||||||||||||||||
Interest cost | 40 | 41 | 6 | 6 | |||||||||||||||||||||
Actuarial loss | (109 | ) | 136 | (22 | ) | 18 | |||||||||||||||||||
Amendments | (87 | ) | — | — | — | ||||||||||||||||||||
Foreign currency exchange gain | (8 | ) | (3 | ) | — | — | |||||||||||||||||||
Settlement payments | (19 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (36 | ) | (32 | ) | (3 | ) | (2 | ) | |||||||||||||||||
Projected benefit obligation at end of year | $ | 758 | $ | 944 | N/A | N/A | |||||||||||||||||||
Accumulated Benefit Obligation | $ | 661 | $ | 780 | $ | 117 | $ | 132 | |||||||||||||||||
Change in Fair Value of Assets: | |||||||||||||||||||||||||
Fair value of assets at beginning of year | $ | 638 | $ | 540 | $ | — | $ | — | |||||||||||||||||
Actual return on plan assets | 44 | 81 | — | — | |||||||||||||||||||||
Employer contributions | 54 | 49 | 3 | 2 | |||||||||||||||||||||
Settlement payments | (19 | ) | — | — | — | ||||||||||||||||||||
Benefits paid | (36 | ) | (32 | ) | (3 | ) | (2 | ) | |||||||||||||||||
Fair value of assets at end of year | $ | 681 | $ | 638 | $ | — | $ | — | |||||||||||||||||
Unfunded status, net | $ | 77 | $ | 306 | $ | 117 | $ | 132 | |||||||||||||||||
Net Amounts Recognized in the Consolidated Balance Sheets | ' | ||||||||||||||||||||||||
The following table provides the net pension and other benefits amounts recognized in the Consolidated Balance Sheets at December 31: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Accrued employee benefit liability | $ | 77 | $ | 306 | $ | 117 | $ | 132 | |||||||||||||||||
Accumulated other comprehensive income (loss): | |||||||||||||||||||||||||
Net actuarial gain (loss) | $ | (282 | ) | $ | (413 | ) | $ | 10 | $ | (12 | ) | ||||||||||||||
Prior service credit (cost) | 79 | (6 | ) | 3 | 4 | ||||||||||||||||||||
(203 | ) | (419 | ) | 13 | (8 | ) | |||||||||||||||||||
Less: Income taxes | 71 | 147 | (5 | ) | 4 | ||||||||||||||||||||
$ | (132 | ) | $ | (272 | ) | $ | 8 | $ | (4 | ) | |||||||||||||||
Net Periodic Pension and Other Benefits Costs | ' | ||||||||||||||||||||||||
The following table provides components of the net periodic pension and other benefits costs for the years ended December 31: | |||||||||||||||||||||||||
Pension Benefit Costs | Other Benefit Costs | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Service cost | $ | 33 | $ | 30 | $ | 25 | $ | 4 | $ | 3 | $ | 2 | |||||||||||||
Interest cost | 40 | 41 | 39 | 6 | 6 | 5 | |||||||||||||||||||
Expected return on plan assets | (50 | ) | (44 | ) | (42 | ) | — | — | — | ||||||||||||||||
Amortization, net | 6 | 33 | 26 | (1 | ) | (1 | ) | (1 | ) | ||||||||||||||||
$ | 29 | $ | 60 | $ | 48 | $ | 9 | $ | 8 | $ | 6 | ||||||||||||||
Components Recognized In Other Comprehensive Income (Loss) | ' | ||||||||||||||||||||||||
The following table provides the components recognized in Other comprehensive income (loss) for the years ended December 31: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Net gain (loss) | $ | 210 | $ | (96 | ) | $ | (111 | ) | $ | 22 | $ | (17 | ) | $ | (6 | ) | |||||||||
Amortization, net | 6 | 33 | 26 | (1 | ) | (1 | ) | (1 | ) | ||||||||||||||||
Total recognized in Other comprehensive income (loss) | $ | 216 | $ | (63 | ) | $ | (85 | ) | $ | 21 | $ | (18 | ) | $ | (7 | ) | |||||||||
Total recognized in net periodic benefit cost and Other comprehensive income (loss) | $ | 187 | $ | (123 | ) | $ | (133 | ) | $ | 12 | $ | (26 | ) | $ | (13 | ) | |||||||||
Significant Assumptions | ' | ||||||||||||||||||||||||
Significant assumptions were as follows: | |||||||||||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
At December 31, | At December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Weighted-average assumptions used in measuring the Company’s benefit obligation: | |||||||||||||||||||||||||
Discount rate | 5.25 | % | 4.3 | % | 5.25 | % | 4.3 | % | |||||||||||||||||
Rate of compensation increase | 5 | % | 5 | % | 5 | % | 5 | % | |||||||||||||||||
Pension Benefits | Other Benefits | ||||||||||||||||||||||||
Years Ended December 31, | Years Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Weighted-average assumptions used in measuring the net periodic pension benefit cost: | |||||||||||||||||||||||||
Discount long-term rate | 4.3 | % | 5.35 | % | 5.75 | % | 4.3 | % | 5.35 | % | 5.75 | % | |||||||||||||
Expected return on plan assets | 7.75 | % | 7.75 | % | 8 | % | N/A | N/A | N/A | ||||||||||||||||
Rate of compensation increase | 5 | % | 5 | % | 5 | % | 5 | % | 5 | % | 5 | % | |||||||||||||
Asset Allocation | ' | ||||||||||||||||||||||||
The following is a summary of the target asset allocations for 2013 and the actual asset allocation at December 31, 2013. | |||||||||||||||||||||||||
Asset Allocation | Target | Actual at | |||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
U.S. equity investments | 21 | % | 22 | % | |||||||||||||||||||||
International equity investments | 22 | % | 22 | % | |||||||||||||||||||||
Fixed income investments | 49 | % | 48 | % | |||||||||||||||||||||
Other | 8 | % | 8 | % | |||||||||||||||||||||
Fair Value of Plan Assets | ' | ||||||||||||||||||||||||
The following table sets forth the Company’s pension plan assets measured at fair value by level within the fair value hierarchy. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||||||
Fair Value at December 31, 2013 | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
Plan Assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 2 | $ | — | $ | — | $ | 2 | |||||||||||||||||
Commingled funds | — | 679 | — | 679 | |||||||||||||||||||||
$ | 2 | $ | 679 | $ | — | $ | 681 | ||||||||||||||||||
Fair Value at December 31, 2012 | |||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||
Plan Assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 2 | $ | — | $ | — | $ | 2 | |||||||||||||||||
Commingled funds | — | 636 | — | 636 | |||||||||||||||||||||
$ | 2 | $ | 636 | $ | — | $ | 638 | ||||||||||||||||||
Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rates | ' | ||||||||||||||||||||||||
The assumed health care trend rate used to measure the expected cost of benefits is 7.40% in 2014 and decreases gradually each year to 5.00% in 2019, which is used thereafter. | |||||||||||||||||||||||||
One-percentage-point | One-percentage-point | ||||||||||||||||||||||||
Increase | Decrease | ||||||||||||||||||||||||
Effect on total of service and interest cost components of net periodic post-retirement health care benefit cost | $ | 2 | $ | (1 | ) | ||||||||||||||||||||
Effect on the health care component of the accumulated post-retirement benefit obligation | $ | 18 | $ | (14 | ) |
STOCK_BASED_COMPENSATION_Table
STOCK BASED COMPENSATION (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||
Black-Scholes Option-Pricing Model Assumptions | ' | ||||||||||||||||||||||||
The Black-Scholes option pricing model used the following weighted-average assumptions: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
Weighted-average risk-free interest rate | N/A | N/A | 2 | % | 2.5 | % | 2 | % | |||||||||||||||||
Dividend yield | N/A | N/A | 1.4 | % | 0.7 | % | 1 | % | |||||||||||||||||
Expected life in years | N/A | N/A | 6 | 5 | 5 | ||||||||||||||||||||
Volatility | N/A | N/A | 37 | % | 38 | % | 36 | % | |||||||||||||||||
Stock Options Activity | ' | ||||||||||||||||||||||||
The following table summarizes annual activity for all stock options for each of the three years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Number of | Weighted- | Number of | Weighted- | Number of | Weighted- | ||||||||||||||||||||
Shares | Average | Shares | Average | Shares | Average | ||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 4,409,924 | $ | 48.69 | 5,481,341 | $ | 48.4 | 5,414,205 | $ | 45.36 | ||||||||||||||||
Granted | — | $ | — | — | $ | — | 1,276,250 | $ | 58.72 | ||||||||||||||||
Exercised | (46,697 | ) | $ | 35.22 | (591,859 | ) | $ | 41.22 | (928,037 | ) | $ | 43.67 | |||||||||||||
Forfeited and expired | (1,175,464 | ) | $ | 50.2 | (479,558 | ) | $ | 54.57 | (281,077 | ) | $ | 56.56 | |||||||||||||
Outstanding at end of year | 3,187,763 | $ | 48.33 | 4,409,924 | $ | 48.69 | 5,481,341 | $ | 48.4 | ||||||||||||||||
Options exercisable at year-end | 2,934,718 | $ | 47.47 | 3,191,850 | $ | 48.07 | 3,166,178 | $ | 46.22 | ||||||||||||||||
Weighted-average fair value per share of options granted during the year | N/A | N/A | $ | 18.9 | |||||||||||||||||||||
Stock Options Outstanding and Exercisable | ' | ||||||||||||||||||||||||
The following table summarizes information about stock options outstanding and exercisable at December 31, 2013: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of Exercise Prices | Number | Weighted- | Weighted- | Number | Weighted- | ||||||||||||||||||||
Outstanding | Average | Average | Exercisable | Average | |||||||||||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||||||||||
Contractual | Price | Price | |||||||||||||||||||||||
Life (in years) | |||||||||||||||||||||||||
$20 to $30 | 300,000 | 4.8 | $ | 26.91 | 300,000 | $ | 26.91 | ||||||||||||||||||
$30 to $40 | 524,237 | 4.9 | $ | 39.75 | 524,237 | $ | 39.75 | ||||||||||||||||||
$40 to $50 | 796,618 | 3.1 | $ | 43.95 | 791,236 | $ | 43.95 | ||||||||||||||||||
$50 to $60 | 1,556,403 | 6.3 | $ | 57.47 | 1,312,243 | $ | 57.28 | ||||||||||||||||||
$60+ | 10,505 | 7.9 | $ | 66.48 | 7,002 | $ | 66.48 | ||||||||||||||||||
3,187,763 | 5.2 | $ | 48.33 | 2,934,718 | $ | 47.47 | |||||||||||||||||||
Stock Options Vested | ' | ||||||||||||||||||||||||
The following stock options vested in each of the three years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Stock options vested | 862,127 | 1,003,888 | 950,119 | ||||||||||||||||||||||
Weighted-average exercise price | $ | 46.86 | $ | 52.09 | $ | 46.73 | |||||||||||||||||||
Stock Option and Other Stock Based Compensation | ' | ||||||||||||||||||||||||
The Company recognized stock based compensation as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Restricted stock units | $ | 31 | $ | 26 | $ | 32 | |||||||||||||||||||
Stock options | 7 | 13 | 19 | ||||||||||||||||||||||
Performance leveraged stock units | 8 | 10 | 7 | ||||||||||||||||||||||
Strategic stock units | 5 | 2 | — | ||||||||||||||||||||||
$ | 51 | $ | 51 | $ | 58 | ||||||||||||||||||||
ACQUISITIONS_Tables
ACQUISITIONS (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Schedule of Purchase Price Allocation Based on Estimated Fair Value | ' | ||||
The Fronteer purchase price allocation was based on the estimated fair value of assets acquired and liabilities assumed as follows: | |||||
Assets: | |||||
Cash | $ | 2 | |||
Property, plant and mine development, net | 3,226 | ||||
Investments | 281 | ||||
Other assets | 7 | ||||
$ | 3,516 | ||||
Liabilities: | |||||
Deferred income tax liability | $ | 1,241 | |||
Other liabilities | 16 | ||||
1,257 | |||||
Net assets acquired | $ | 2,259 | |||
FAIR_VALUE_ACCOUNTING_Tables
FAIR VALUE ACCOUNTING (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Fair Value Measurement of Assets and Liabilities | ' | ||||||||||||||||||||||||
The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||||||
Fair Value at December 31, 2013 | |||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||
Cash equivalents | $ | 918 | $ | 918 | $ | — | $ | — | |||||||||||||||||
Marketable equity securities: | |||||||||||||||||||||||||
Extractive industries | 350 | 350 | — | — | |||||||||||||||||||||
Other | 17 | 17 | — | — | |||||||||||||||||||||
Marketable debt securities: | |||||||||||||||||||||||||
Asset backed commercial paper | 25 | — | — | 25 | |||||||||||||||||||||
Auction rate securities | 5 | — | — | 5 | |||||||||||||||||||||
Trade receivable from provisional copper and gold concentrate sales, net | 177 | 177 | — | — | |||||||||||||||||||||
Derivative instruments, net: | |||||||||||||||||||||||||
Diesel forward contracts | 4 | — | 4 | — | |||||||||||||||||||||
$ | 1,496 | $ | 1,462 | $ | 4 | $ | 30 | ||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||
Foreign exchange forward contracts | $ | 95 | $ | — | $ | 95 | $ | — | |||||||||||||||||
Boddington contingent consideration | 10 | — | — | 10 | |||||||||||||||||||||
Holt Property Royalty | 134 | — | — | 134 | |||||||||||||||||||||
$ | 239 | $ | — | $ | 95 | $ | 144 | ||||||||||||||||||
Fair Value Inputs Assets Liabilities Quantitative Information | ' | ||||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company’s Level 3 financial assets and liabilities for the year ended December 31, 2013: | |||||||||||||||||||||||||
Description | At | Valuation technique | Unobservable input | Range/Weighted | |||||||||||||||||||||
December 31, | average | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Auction Rate Securities | $ | 5 | Discounted cash flow | Weighted average recoverability rate | 58% | ||||||||||||||||||||
Asset Backed Commercial Paper | 25 | Discounted cash flow | Recoverability rate | 80-90% | |||||||||||||||||||||
Boddington Contingent Consideration | 10 | Monte Carlo | Discount rate | 5% | |||||||||||||||||||||
LT Gold price | $1,300 | ||||||||||||||||||||||||
LT Copper price | $3.00 | ||||||||||||||||||||||||
Holt property royalty | 134 | Monte Carlo | Weighted average discount rate | 5% | |||||||||||||||||||||
LT Gold price | $1,300 | ||||||||||||||||||||||||
Weighted average gold production scenarios (in 000’s of ounces) | 393-1,180 | ||||||||||||||||||||||||
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' | ||||||||||||||||||||||||
The following table sets forth a summary of changes in the fair value, on a recurring basis, of the Company’s Level 3 financial assets and liabilities for the year ended December 31, 2013: | |||||||||||||||||||||||||
Auction | Asset Backed | Total Assets | Boddington | Holt Property | Total | ||||||||||||||||||||
Rate | Commercial | Contingent | Royalty | Liabilities | |||||||||||||||||||||
Securities | Paper | Consideration | |||||||||||||||||||||||
31-Dec-12 | $ | 5 | $ | 19 | $ | 24 | $ | 41 | $ | 240 | $ | 281 | |||||||||||||
Revaluation | — | 6 | 6 | (18 | ) | (88 | ) | (106 | ) | ||||||||||||||||
Settlements | — | — | — | (13 | ) | (18 | ) | (31 | ) | ||||||||||||||||
31-Dec-13 | $ | 5 | $ | 25 | $ | 30 | $ | 10 | $ | 134 | $ | 144 | |||||||||||||
Fair Value Inputs Assets Nonrecurring Quantitative Information | ' | ||||||||||||||||||||||||
The following table sets forth a summary of the quantitative and qualitative information related to the unobservable inputs used in the calculation of the Company’s nonrecurring Level 3 non-financial assets: | |||||||||||||||||||||||||
Description | At | Valuation technique | Unobservable input | Range/Weighted | |||||||||||||||||||||
December 31, | average | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Property, plant and mine development, net | $ | 14,277 | Discounted cash flow | Discount rate | 4.25-5.00% | ||||||||||||||||||||
Long Term Gold price | $1,300-1,400 | ||||||||||||||||||||||||
Long Term Copper price | $3.00 | ||||||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.920-0.935 | ||||||||||||||||||||||||
Goodwill and Intangible assets | 230 | Discounted cash flow | Discount rate | 3.75-5.00% | |||||||||||||||||||||
Long Term Gold price | $1,300-1,400 | ||||||||||||||||||||||||
Long Term Copper price | $3.00 | ||||||||||||||||||||||||
Long Term Exchange rate A$/US$ | 0.920-0.935 |
DERIVATIVE_INSTRUMENTS_Tables
DERIVATIVE INSTRUMENTS (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Foreign Currency Derivative Contracts Outstanding | ' | ||||||||||||||||||||||||
Newmont had the following foreign currency derivative contracts outstanding at December 31, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Total/ | ||||||||||||||||||||
Average | |||||||||||||||||||||||||
A$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
A$ notional (millions) | 312 | 270 | 158 | 105 | 6 | 851 | |||||||||||||||||||
Average rate ($/A$) | 1 | 0.98 | 0.95 | 0.93 | 0.92 | 0.97 | |||||||||||||||||||
Expected hedge ratio | 20 | % | 18 | % | 11 | % | 7 | % | 4 | % | |||||||||||||||
NZ$ Operating Fixed Forward Contracts: | |||||||||||||||||||||||||
NZ$ notional (millions) | 65 | 24 | 89 | ||||||||||||||||||||||
Average rate ($/NZ$) | 0.8 | 0.78 | 0.79 | ||||||||||||||||||||||
Expected hedge ratio | 59 | % | 21 | % | |||||||||||||||||||||
Diesel Derivative Contracts Outstanding | ' | ||||||||||||||||||||||||
Newmont had the following diesel derivative contracts outstanding at December 31, 2013: | |||||||||||||||||||||||||
Expected Maturity Date | |||||||||||||||||||||||||
2014 | 2015 | 2016 | Total/ | ||||||||||||||||||||||
Average | |||||||||||||||||||||||||
Diesel Fixed Forward Contracts: | |||||||||||||||||||||||||
Diesel gallons (millions) | 24 | 14 | 6 | 44 | |||||||||||||||||||||
Average rate ($/gallon) | 2.87 | 2.77 | 2.69 | 2.82 | |||||||||||||||||||||
Expected Nevada hedge ratio | 62 | % | 36 | % | 14 | % | |||||||||||||||||||
Fair Values of Derivative Instruments Designated as Hedges | ' | ||||||||||||||||||||||||
Newmont had the following derivative instruments designated as hedges at December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Fair Values of Derivative Instruments | |||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Other Current | Other Long-Term | Other Current | Other Long-Term | ||||||||||||||||||||||
Assets | Assets | Liabilities | Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forward contracts | $ | — | $ | — | $ | 36 | $ | 60 | |||||||||||||||||
NZ$ operating fixed forward contracts | 1 | — | — | — | |||||||||||||||||||||
Diesel fixed forward contracts | 3 | 1 | — | — | |||||||||||||||||||||
Total derivative instruments (Notes 22 and 25) | $ | 4 | $ | 1 | $ | 36 | $ | 60 | |||||||||||||||||
Fair Values of Derivative Instruments | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Other Current | Other Long-Term | Other Current | Other Long-Term | ||||||||||||||||||||||
Assets | Assets | Liabilities | Liabilities | ||||||||||||||||||||||
Foreign currency exchange contracts: | |||||||||||||||||||||||||
A$ operating fixed forward contracts | $ | 108 | $ | 143 | $ | — | $ | 1 | |||||||||||||||||
NZ$ operating fixed forward contracts | 2 | — | — | — | |||||||||||||||||||||
Diesel fixed forward contracts | 2 | 1 | 1 | 1 | |||||||||||||||||||||
Total derivative instruments (Notes 22 and 25) | $ | 112 | $ | 144 | $ | 1 | $ | 2 | |||||||||||||||||
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements | ' | ||||||||||||||||||||||||
The following tables show the location and amount of gains (losses) reported in the Company’s Consolidated Financial Statements related to the Company’s cash flow hedges. | |||||||||||||||||||||||||
Foreign Currency Exchange Contracts | Diesel Fixed Forward Contracts | ||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (effective portion) | $ | (266 | ) | $ | 192 | $ | 151 | $ | 3 | $ | 7 | $ | 6 | ||||||||||||
Gain reclassified from Accumulated other comprehensive income into income (effective portion) (1) | $ | 85 | $ | 166 | $ | 188 | $ | 2 | $ | 7 | $ | 14 | |||||||||||||
Forward Starting Swap Contracts | |||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Cash flow hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in other comprehensive income (effective portion) | $ | — | $ | 36 | $ | (399 | ) | ||||||||||||||||||
(Loss) reclassified from Accumulated other comprehensive income into income (effective portion) (1) | $ | (19 | ) | $ | (10 | ) | $ | — | |||||||||||||||||
Gain (loss) reclassified from Accumulated other comprehensive income into income (ineffective portion) (2) | $ | — | $ | 2 | $ | (15 | ) | ||||||||||||||||||
(1) | The gain (loss) for the effective portion of the foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income (loss) is included in Costs applicable to sales. The loss for the effective portion of the forward starting swaps reclassified from Accumulated other comprehensive income (loss) is included in Interest Expense. | ||||||||||||||||||||||||
(2) | The ineffective portion recognized for cash flow hedges is included in Other Income, net. | ||||||||||||||||||||||||
Gains (Losses) Recorded for Hedged Item Related to Fair Value Hedges | ' | ||||||||||||||||||||||||
Interest Rate Swap Contracts | 8 5/8% Debentures (Hedged Portion) | ||||||||||||||||||||||||
For the years ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||
Fair value hedging relationships: | |||||||||||||||||||||||||
Gain (loss) recognized in income (effective portion) (1) | $ | — | $ | — | $ | 3 | $ | — | $ | — | $ | (6 | ) | ||||||||||||
Gain (loss) recognized in income (ineffective portion) (2) | $ | — | $ | — | $ | (2 | ) | $ | — | $ | — | $ | — | ||||||||||||
-1 | The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net. | ||||||||||||||||||||||||
(2) | The ineffective portion recognized for cash flow hedges is included in Other income, net. |
INVESTMENTS_Tables
INVESTMENTS (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investment in Marketable Securities | ' | ||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | |||||||||||||||||||||||
Basis | Gain | Loss | Basis | ||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Gabriel Resources Ltd. | $ | 37 | $ | — | $ | — | $ | 37 | |||||||||||||||||
Paladin Energy Ltd. | 21 | 1 | — | 22 | |||||||||||||||||||||
Other | 19 | 4 | (4 | ) | 19 | ||||||||||||||||||||
$ | 77 | $ | 5 | $ | (4 | ) | $ | 78 | |||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Marketable Debt Securities: | |||||||||||||||||||||||||
Asset backed commercial paper | $ | 23 | $ | 2 | $ | — | $ | 25 | |||||||||||||||||
Auction rate securities | 8 | — | (3 | ) | 5 | ||||||||||||||||||||
31 | 2 | (3 | ) | 30 | |||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Regis Resources Ltd. | 165 | 88 | — | 253 | |||||||||||||||||||||
Other | 30 | 5 | — | 35 | |||||||||||||||||||||
195 | 93 | — | 288 | ||||||||||||||||||||||
Other investments, at cost | 13 | — | — | 13 | |||||||||||||||||||||
Investment in Affiliates: | |||||||||||||||||||||||||
Minera La Zanja S.R.L | 92 | — | — | 92 | |||||||||||||||||||||
Novo Resources Corp. | 16 | — | — | 16 | |||||||||||||||||||||
$ | 347 | $ | 95 | $ | (3 | ) | $ | 439 | |||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Cost/Equity | Unrealized | Fair/Equity | |||||||||||||||||||||||
Basis | Gain | Loss | Basis | ||||||||||||||||||||||
Current: | |||||||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Paladin Energy Ltd. | $ | 60 | $ | — | $ | (3 | ) | $ | 57 | ||||||||||||||||
Other | 17 | 14 | (2 | ) | 29 | ||||||||||||||||||||
$ | 77 | $ | 14 | $ | (5 | ) | $ | 86 | |||||||||||||||||
Long-term: | |||||||||||||||||||||||||
Marketable Debt Securities: | |||||||||||||||||||||||||
Asset backed commercial paper | $ | 25 | $ | — | $ | (6 | ) | $ | 19 | ||||||||||||||||
Auction rate securities | 7 | — | (2 | ) | 5 | ||||||||||||||||||||
32 | — | (8 | ) | 24 | |||||||||||||||||||||
Marketable Equity Securities: | |||||||||||||||||||||||||
Canadian Oil Sands Trust | 310 | 318 | — | 628 | |||||||||||||||||||||
Gabriel Resources Ltd. | 78 | 42 | — | 120 | |||||||||||||||||||||
Regis Resources Ltd. | 166 | 352 | — | 518 | |||||||||||||||||||||
Other | 65 | 14 | — | 79 | |||||||||||||||||||||
619 | 726 | — | 1,345 | ||||||||||||||||||||||
Other investments, at cost | 12 | — | — | 12 | |||||||||||||||||||||
Investment in Affiliates: | |||||||||||||||||||||||||
Minera La Zanja S.R.L | 65 | — | — | 65 | |||||||||||||||||||||
$ | 728 | $ | 726 | $ | (8 | ) | $ | 1,446 | |||||||||||||||||
Gross Unrealized Losses and Fair Value of the Company's Investments | ' | ||||||||||||||||||||||||
The following tables present the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by length of time that the individual securities have been in a continuous unrealized loss position: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
At December 31, 2013 | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
Asset backed commercial paper | $ | — | $ | — | $ | 25 | $ | — | $ | 25 | $ | — | |||||||||||||
Auction rate securities | — | — | 5 | 3 | 5 | 3 | |||||||||||||||||||
Marketable equity securities | 54 | 4 | — | — | 54 | 4 | |||||||||||||||||||
$ | 54 | $ | 4 | $ | 30 | $ | 3 | $ | 84 | $ | 7 | ||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
At December 31, 2012 | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
Asset backed commercial paper | $ | — | $ | — | $ | 19 | $ | 6 | $ | 19 | $ | 6 | |||||||||||||
Auction rate securities | — | — | 5 | 2 | 5 | 2 | |||||||||||||||||||
Marketable equity securities | 79 | 5 | — | — | 79 | 5 | |||||||||||||||||||
$ | 79 | $ | 5 | $ | 24 | $ | 8 | $ | 103 | $ | 13 | ||||||||||||||
INVENTORIES_Tables
INVENTORIES (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Summary of Inventories | ' | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
In-process | $ | 97 | $ | 143 | |||||
Concentrate | 108 | 152 | |||||||
Precious metals | 26 | 31 | |||||||
Materials, supplies and other | 486 | 470 | |||||||
$ | 717 | $ | 796 | ||||||
STOCKPILES_AND_ORE_ON_LEACH_PA1
STOCKPILES AND ORE ON LEACH PADS (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Stockpiles and Ore on Leach Pads | ' | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
Stockpiles | $ | 580 | $ | 602 | |||||
Ore on leach pads | 225 | 184 | |||||||
$ | 805 | $ | 786 | ||||||
Long-term: | |||||||||
Stockpiles | $ | 2,434 | $ | 2,514 | |||||
Ore on leach pads | 246 | 382 | |||||||
$ | 2,680 | $ | 2,896 | ||||||
Stockpiles and Ore on Leach Pads, by Segment | ' | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Stockpiles and ore on leach pads: | |||||||||
Carlin | $ | 439 | $ | 358 | |||||
Phoenix | 109 | 77 | |||||||
Twin Creeks | 327 | 264 | |||||||
La Herradura | 57 | 57 | |||||||
Yanacocha | 504 | 498 | |||||||
Boddington | 304 | 474 | |||||||
Tanami | 12 | 7 | |||||||
Jundee | 7 | 34 | |||||||
Waihi | 2 | — | |||||||
Kalgoorlie | 107 | 132 | |||||||
Batu Hijau | 1,290 | 1,543 | |||||||
Ahafo | 292 | 235 | |||||||
Akyem | 35 | 3 | |||||||
$ | 3,485 | $ | 3,682 |
OTHER_ASSETS_Tables
OTHER ASSETS (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
Other Assets | ' | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Other current assets: | |||||||||
Refinery metal inventory and receivable | $ | 679 | $ | 1,183 | |||||
Prepaid assets | 157 | 213 | |||||||
Other refinery metal receivables | 130 | 110 | |||||||
Derivative instruments | 4 | 112 | |||||||
Restricted cash | — | 12 | |||||||
Other | 36 | 31 | |||||||
$ | 1,006 | $ | 1,661 | ||||||
Other long-term assets: | |||||||||
Income tax receivable | $ | 229 | $ | 76 | |||||
Goodwill | 132 | 188 | |||||||
Prepaid Royalties | 103 | 78 | |||||||
Intangible assets | 98 | 136 | |||||||
Restricted cash | 95 | 90 | |||||||
Debt issuance costs | 62 | 73 | |||||||
Prepaid maintenance costs | 31 | 17 | |||||||
Derivative instruments | 1 | 144 | |||||||
Other | 93 | 70 | |||||||
$ | 844 | $ | 872 | ||||||
PROPERTY_PLANT_AND_MINE_DEVELO1
PROPERTY, PLANT AND MINE DEVELOPMENT (Tables) | 12 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||||||||||||||||||||
Property, Plant and Mine Development | ' | ||||||||||||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||||||||||
Depreciable | Cost | Accumulated | Net Book | Cost | Accumulated | Net Book | |||||||||||||||||||||
Life | Amortization | Value | Amortization | Value | |||||||||||||||||||||||
(in years) | |||||||||||||||||||||||||||
Land | — | $ | 227 | $ | — | $ | 227 | $ | 223 | $ | — | $ | 223 | ||||||||||||||
Facilities and equipment | Jan-35 | 15,945 | (8,671 | ) | 7,274 | 13,996 | (6,596 | ) | 7,400 | ||||||||||||||||||
Mine development | Jan-35 | 4,792 | (2,582 | ) | 2,210 | 4,793 | (2,031 | ) | 2,762 | ||||||||||||||||||
Mineral interests | Jan-35 | 2,163 | (710 | ) | 1,453 | 4,854 | (752 | ) | 4,102 | ||||||||||||||||||
Asset retirement cost | Jan-35 | 1,043 | (465 | ) | 578 | 988 | (340 | ) | 648 | ||||||||||||||||||
Construction-in-progress | — | 2,535 | — | 2,535 | 2,875 | — | 2,875 | ||||||||||||||||||||
$ | 26,705 | $ | (12,428 | ) | $ | 14,277 | $ | 27,729 | $ | (9,719 | ) | $ | 18,010 | ||||||||||||||
Leased assets included above in facilities and equipment | Jan-35 | $ | 9 | $ | (1 | ) | $ | 8 | $ | 5 | $ | (1 | ) | $ | 4 | ||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||||||||||||
Mineral Interests | Amortization | Gross | Accumulated | Net Book | Gross | Accumulated | Net Book | ||||||||||||||||||||
Period | Carrying | Amortization | Value | Carrying | Amortization | Value | |||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||||
(in years) | |||||||||||||||||||||||||||
Production stage | 22-Jan | $ | 959 | $ | (710 | ) | $ | 249 | $ | 1,257 | $ | (752 | ) | $ | 505 | ||||||||||||
Development stage | — | 162 | — | 162 | 149 | — | 149 | ||||||||||||||||||||
Exploration stage | — | 1,042 | — | 1,042 | 3,448 | — | 3,448 | ||||||||||||||||||||
$ | 2,163 | $ | (710 | ) | $ | 1,453 | $ | 4,854 | $ | (752 | ) | $ | 4,102 | ||||||||||||||
DEBT_Tables
DEBT (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Debt | ' | ||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||
Current | Non-Current | Current | Non-Current | ||||||||||||||
2014 Convertible Senior Notes, net | 561 | — | — | 535 | |||||||||||||
2017 Convertible Senior Notes, net | — | 492 | — | 471 | |||||||||||||
2019 Senior Notes, net | — | 897 | — | 897 | |||||||||||||
2022 Senior Notes, net | — | 1,490 | — | 1,489 | |||||||||||||
2035 Senior Notes, net | — | 598 | — | 598 | |||||||||||||
2039 Senior Notes, net | — | 1,087 | — | 1,087 | |||||||||||||
2042 Senior Notes, net | — | 992 | — | 992 | |||||||||||||
Ahafo project finance facility | 10 | 25 | 10 | 35 | |||||||||||||
PTNNT revolving credit facility | — | 555 | — | 180 | |||||||||||||
Other | 24 | 9 | — | 4 | |||||||||||||
$ | 595 | $ | 6,145 | $ | 10 | $ | 6,288 | ||||||||||
Convertible Debt | ' | ||||||||||||||||
The Company’s Consolidated Balance Sheets report the following related to the convertible senior notes: | |||||||||||||||||
At December 31, 2013 | At December 31, 2012 | ||||||||||||||||
Convertible Senior Notes Due | Convertible Senior Notes Due | ||||||||||||||||
2014 | 2017 | 2014 | 2017 | ||||||||||||||
Additional paid-in capital | $ | 97 | $ | 123 | $ | 97 | $ | 123 | |||||||||
Principal amount | $ | 575 | $ | 575 | $ | 575 | $ | 575 | |||||||||
Unamortized debt discount | (14 | ) | (83 | ) | (40 | ) | (104 | ) | |||||||||
Net carrying amount | $ | 561 | $ | 492 | $ | 535 | $ | 471 | |||||||||
OTHER_LIABILITIES_Tables
OTHER LIABILITIES (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
Other Liabilities | ' | ||||||||
At December 31, | |||||||||
2013 | 2012 | ||||||||
Other current liabilities: | |||||||||
Refinery metal payable and liabilities | $ | 679 | $ | 1,183 | |||||
Accrued operating costs | 157 | 336 | |||||||
Reclamation and remediation liabilities | 98 | 82 | |||||||
Deferred income tax | 74 | 65 | |||||||
Interest | 74 | 74 | |||||||
Accrued capital expenditures | 72 | 172 | |||||||
Royalties | 58 | 42 | |||||||
Derivative instruments | 36 | 1 | |||||||
Holt property royalty | 15 | 21 | |||||||
Taxes other than income and mining | 6 | 14 | |||||||
Boddington contingent consideration | — | 26 | |||||||
Other | 44 | 68 | |||||||
$ | 1,313 | $ | 2,084 | ||||||
Other long-term liabilities: | |||||||||
Holt property royalty | $ | 119 | $ | 219 | |||||
Income and mining taxes | 70 | 65 | |||||||
Derivative instruments | 60 | 2 | |||||||
Power supply agreements | 39 | 46 | |||||||
Boddington contingent consideration | 10 | 15 | |||||||
Other | 44 | 25 | |||||||
$ | 342 | $ | 372 | ||||||
RECLASSIFICATIONS_OUT_OF_ACCUM1
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income | ' | ||||||||||||||||||||
Unrealized gain | Foreign | Pension and | Changes in fair | Total | |||||||||||||||||
(loss) on | currency | other post- | value of cash | ||||||||||||||||||
marketable | translation | retirement | flow hedge | ||||||||||||||||||
securities, net | adjustments | benefit | instruments | ||||||||||||||||||
adjustments | |||||||||||||||||||||
December 31, 2012 | $ | 542 | $ | 177 | $ | (276 | ) | $ | 47 | $ | 490 | ||||||||||
Change in other comprehensive income (loss) before reclassifications | (436 | ) | (32 | ) | 149 | (167 | ) | (486 | ) | ||||||||||||
Reclassifications from accumulated other comprehensive income (loss) | (141 | ) | — | 3 | (48 | ) | (186 | ) | |||||||||||||
Net current-period other comprehensive income (loss) | (577 | ) | (32 | ) | 152 | (215 | ) | (672 | ) | ||||||||||||
December 31, 2013 | $ | (35 | ) | $ | 145 | $ | (124 | ) | $ | (168 | ) | $ | (182 | ) | |||||||
Details about Accumulated Other Comprehensive Income (Loss) | Amount | Affected Line Item in the | |||||||||||||||||||
Components | Reclassified from | Consolidated Statement of | |||||||||||||||||||
Accumulated Other | Income (Loss) | ||||||||||||||||||||
Comprehensive | |||||||||||||||||||||
Income (Loss) | |||||||||||||||||||||
Years Ended | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Marketable securities adjustments: | |||||||||||||||||||||
Sale of marketable securities | $ | (280 | ) | Other income, net | |||||||||||||||||
Impairment of marketable securities | 105 | Other income, net | |||||||||||||||||||
Total before tax | (175 | ) | |||||||||||||||||||
Tax expense (benefit) | 34 | ||||||||||||||||||||
Net of tax | $ | (141 | ) | ||||||||||||||||||
Pension and other benefit liability adjustments: | |||||||||||||||||||||
Amortization, net | $ | 5 | -1 | ||||||||||||||||||
Total before tax | 5 | ||||||||||||||||||||
Tax expense (benefit) | (2 | ) | |||||||||||||||||||
Net of tax | $ | 3 | |||||||||||||||||||
Hedge instruments adjustments: | |||||||||||||||||||||
Operating cash flow hedges | $ | (106 | ) | Costs applicable to sales | |||||||||||||||||
Capital cash flow hedges | 1 | Amortization | |||||||||||||||||||
Capital cash flow hedges | 18 | Write-downs | |||||||||||||||||||
Forward starting swap hedges | 19 | Interest expense, net | |||||||||||||||||||
Total before tax | (68 | ) | |||||||||||||||||||
Tax expense (benefit) | 20 | ||||||||||||||||||||
Net of tax | $ | (48 | ) | ||||||||||||||||||
Total reclassifications for the period, net of tax | $ | (186 | ) | ||||||||||||||||||
-1 | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process, as appropriate. Refer to Note 3 for information on costs that benefit the inventory/production process. |
NET_CHANGE_IN_OPERATING_ASSETS1
NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Net Changes in Operating Assets and Liabilities | ' | ||||||||||||
Net cash provided from operations attributable to the net change in operating assets and liabilities is composed of the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Decrease (increase) in operating assets: | |||||||||||||
Trade and accounts receivable | $ | 245 | $ | 19 | $ | 52 | |||||||
Inventories, stockpiles and ore on leach pads | (755 | ) | (729 | ) | (495 | ) | |||||||
EGR refinery and other assets | 475 | (346 | ) | (266 | ) | ||||||||
Other assets | (37 | ) | (80 | ) | (51 | ) | |||||||
Increase (decrease) in operating liabilities: | |||||||||||||
Accounts payable and other accrued liabilities | (480 | ) | (210 | ) | 226 | ||||||||
EGR refinery and other liabilities | (475 | ) | 346 | 266 | |||||||||
Reclamation liabilities | (59 | ) | (73 | ) | (43 | ) | |||||||
$ | (1,086 | ) | $ | (1,073 | ) | $ | (311 | ) | |||||
SUPPLEMENTAL_CASH_FLOW_INFORMA1
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Supplemental Cash Flow Information | ' | ||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Income and mining taxes, net of refunds | $ | 361 | $ | 1,261 | $ | 1,526 | |||||||
Pension plan and other benefits and contributions | $ | 57 | $ | 50 | $ | 29 | |||||||
Interest, net of amounts capitalized | $ | 247 | $ | 177 | $ | 179 |
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Income | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,356 | $ | 6,058 | $ | — | $ | 8,414 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,151 | 4,148 | — | 5,299 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 223 | 1,139 | — | 1,362 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 9 | 72 | — | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 46 | 201 | — | 247 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 45 | 177 | — | 222 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 101 | 102 | — | 203 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | 4,352 | — | 4,352 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 69 | 231 | — | 300 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,644 | 10,422 | — | 12,066 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (4 | ) | 15 | 338 | — | 349 | |||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 144 | 23 | 21 | (188 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (9 | ) | — | (179 | ) | 188 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (291 | ) | (10 | ) | (2 | ) | — | (303 | ) | ||||||||||||||||||||||||||||||||||||||||
(160 | ) | 28 | 178 | — | 46 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (160 | ) | 740 | (4,186 | ) | — | (3,606 | ) | |||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 56 | (224 | ) | 923 | — | 755 | |||||||||||||||||||||||||||||||||||||||||||
Equity loss of affiliates | (2,430 | ) | (252 | ) | (334 | ) | 3,011 | (5 | ) | ||||||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations | (2,534 | ) | 264 | (3,597 | ) | 3,011 | (2,856 | ) | |||||||||||||||||||||||||||||||||||||||||
Income from discontinued operations | — | — | 61 | — | 61 | ||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | (2,534 | ) | 264 | (3,536 | ) | 3,011 | (2,795 | ) | |||||||||||||||||||||||||||||||||||||||||
Net loss attributable to noncontrolling interests | — | — | 478 | (217 | ) | 261 | |||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | (2,534 | ) | $ | 264 | $ | (3,058 | ) | $ | 2,794 | $ | (2,534 | ) | ||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | (3,206 | ) | $ | 409 | $ | (4,363 | ) | $ | 3,694 | $ | (3,466 | ) | ||||||||||||||||||||||||||||||||||||
Comprehensive loss attributable to noncontrolling interests | — | — | 477 | (217 | ) | 260 | |||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | $ | (3,206 | ) | $ | 409 | $ | (3,886 | ) | $ | 3,477 | $ | (3,206 | ) | ||||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,726 | $ | 7,238 | $ | — | $ | 9,964 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,094 | 3,240 | — | 4,334 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 196 | 836 | — | 1,032 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 9 | 87 | — | 96 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 86 | 270 | — | 356 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 48 | 300 | — | 348 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 122 | 90 | — | 212 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | 52 | — | 52 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 48 | 401 | — | 449 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,603 | 5,276 | — | 6,879 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 2 | 25 | 251 | — | 278 | ||||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 174 | 29 | 21 | (224 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (15 | ) | — | (209 | ) | 224 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (245 | ) | (6 | ) | 2 | — | (249 | ) | |||||||||||||||||||||||||||||||||||||||||
(84 | ) | 48 | 65 | — | 29 | ||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (84 | ) | 1,171 | 2,027 | — | 3,114 | |||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 29 | (316 | ) | (589 | ) | — | (876 | ) | |||||||||||||||||||||||||||||||||||||||||
Equity income of affiliates | 1,857 | 432 | 229 | (2,569 | ) | (51 | ) | ||||||||||||||||||||||||||||||||||||||||||
Income from continuing operations | 1,802 | 1,287 | 1,667 | (2,569 | ) | 2,187 | |||||||||||||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | (76 | ) | — | (76 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income | 1,802 | 1,287 | 1,591 | (2,569 | ) | 2,111 | |||||||||||||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | (443 | ) | 134 | (309 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 1,802 | $ | 1,287 | $ | 1,148 | $ | (2,435 | ) | $ | 1,802 | ||||||||||||||||||||||||||||||||||||||
Comprehensive income | $ | 1,640 | $ | 1,210 | $ | 1,421 | $ | (2,321 | ) | $ | 1,950 | ||||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (444 | ) | 134 | (310 | ) | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | 1,640 | $ | 1,210 | $ | 977 | $ | (2,187 | ) | $ | 1,640 | ||||||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Operations and Comprehensive Income | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
(Loss) | Mining | USA | Subsidiaries | Mining | |||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | 2,540 | $ | 7,901 | $ | — | $ | 10,441 | |||||||||||||||||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales (1) | — | 1,086 | 2,887 | — | 3,973 | ||||||||||||||||||||||||||||||||||||||||||||
Amortization | — | 214 | 822 | — | 1,036 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | 18 | 102 | — | 120 | ||||||||||||||||||||||||||||||||||||||||||||
Exploration | — | 89 | 261 | — | 350 | ||||||||||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | 44 | 329 | — | 373 | ||||||||||||||||||||||||||||||||||||||||||||
General and administrative | — | 89 | 109 | — | 198 | ||||||||||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | 2 | 2,082 | — | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Other expense, net | — | 39 | 226 | — | 265 | ||||||||||||||||||||||||||||||||||||||||||||
— | 1,581 | 6,818 | — | 8,399 | |||||||||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (166 | ) | 14 | 164 | — | 12 | |||||||||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 152 | 25 | 23 | (200 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (19 | ) | — | (181 | ) | 200 | — | ||||||||||||||||||||||||||||||||||||||||||
Interest expense, net | (232 | ) | (8 | ) | (4 | ) | — | (244 | ) | ||||||||||||||||||||||||||||||||||||||||
(265 | ) | 31 | 2 | — | (232 | ) | |||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (265 | ) | 990 | 1,085 | — | 1,810 | |||||||||||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 199 | (263 | ) | (683 | ) | — | (747 | ) | |||||||||||||||||||||||||||||||||||||||||
Equity income of affiliates | 398 | 372 | 278 | (1,037 | ) | 11 | |||||||||||||||||||||||||||||||||||||||||||
Income from continuing operations | 332 | 1,099 | 680 | (1,037 | ) | 1,074 | |||||||||||||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | (136 | ) | — | (136 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income | 332 | 1,099 | 544 | (1,037 | ) | 938 | |||||||||||||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | (714 | ) | 108 | (606 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net income (loss) attributable to Newmont stockholders | $ | 332 | $ | 1,099 | $ | (170 | ) | $ | (929 | ) | $ | 332 | |||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | $ | (124 | ) | $ | 985 | $ | 481 | $ | (860 | ) | $ | 482 | |||||||||||||||||||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | (714 | ) | 108 | (606 | ) | ||||||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | $ | (124 | ) | $ | 985 | $ | (233 | ) | $ | (752 | ) | $ | (124 | ) | |||||||||||||||||||||||||||||||||||
(1) | Excludes Amortization and Reclamation and remediation. | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,264 | $ | 92 | $ | 2,356 | $ | 6,058 | $ | — | $ | 6,058 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 1,059 | 92 | 1,151 | 4,127 | 21 | 4,148 | — | — | — | |||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 223 | — | 223 | 1,139 | — | 1,139 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 9 | — | 9 | 72 | — | 72 | — | — | — | |||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 46 | — | 46 | 201 | — | 201 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 45 | — | 45 | 177 | — | 177 | — | — | — | |||||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 101 | — | 101 | 102 | — | 102 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | — | — | — | 4,352 | — | 4,352 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 69 | — | 69 | 231 | — | 231 | — | — | — | |||||||||||||||||||||||||||||||||||||
— | — | — | 1,552 | 92 | 1,644 | 10,401 | 21 | 10,422 | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (4 | ) | — | (4 | ) | 15 | — | 15 | 338 | — | 338 | — | — | — | |||||||||||||||||||||||||||||||||||
Interest income - intercompany | 144 | — | 144 | 23 | — | 23 | 21 | — | 21 | (188 | ) | — | (188 | ) | |||||||||||||||||||||||||||||||||||
Interest expense - intercompany | (9 | ) | — | (9 | ) | — | — | — | (179 | ) | — | (179 | ) | 188 | — | 188 | |||||||||||||||||||||||||||||||||
Interest expense, net | (291 | ) | — | (291 | ) | (10 | ) | — | (10 | ) | (2 | ) | — | (2 | ) | — | — | — | |||||||||||||||||||||||||||||||
(160 | ) | — | (160 | ) | 28 | — | 28 | 178 | — | 178 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (160 | ) | — | (160 | ) | 740 | — | 740 | (4,165 | ) | (21 | ) | (4,186 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 56 | — | 56 | (224 | ) | — | (224 | ) | 981 | (58 | ) | 923 | — | — | — | ||||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | (2,358 | ) | (72 | ) | (2,430 | ) | (180 | ) | (72 | ) | (252 | ) | (321 | ) | (13 | ) | (334 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||
Income from continuing operations | (2,462 | ) | (72 | ) | (2,534 | ) | 336 | (72 | ) | 264 | (3,505 | ) | (92 | ) | (3,597 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | 61 | — | 61 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net income | (2,462 | ) | (72 | ) | (2,534 | ) | 336 | (72 | ) | 264 | (3,444 | ) | (92 | ) | (3,536 | ) | 2,854 | 157 | 3,011 | ||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | 464 | 14 | 478 | (210 | ) | (7 | ) | (217 | ) | ||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | (2,462 | ) | $ | (72 | ) | $ | (2,534 | ) | $ | 336 | $ | (72 | ) | $ | 264 | $ | (2,980 | ) | $ | (78 | ) | $ | (3,058 | ) | $ | 2,644 | $ | 150 | $ | 2,794 | ||||||||||||||||||
Comprehensive income | $ | (3,134 | ) | $ | (72 | ) | $ | (3,206 | ) | $ | 481 | $ | (72 | ) | $ | 409 | $ | (4,271 | ) | $ | (92 | ) | $ | (4,363 | ) | $ | 3,537 | $ | 157 | $ | 3,694 | ||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | 463 | 14 | 477 | (210 | ) | (7 | ) | (217 | ) | ||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | (3,134 | ) | $ | (72 | ) | $ | (3,206 | ) | $ | 481 | $ | (72 | ) | $ | 409 | $ | (3,808 | ) | $ | (78 | ) | $ | (3,886 | ) | $ | 3,327 | $ | 150 | $ | 3,477 | ||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,375 | $ | 351 | $ | 2,726 | $ | 7,493 | $ | (255 | ) | $ | 7,238 | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 967 | 127 | 1,094 | 3,271 | (31 | ) | 3,240 | — | — | — | ||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 171 | 25 | 196 | 861 | (25 | ) | 836 | — | — | — | ||||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 6 | 3 | 9 | 90 | (3 | ) | 87 | — | — | — | ||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 71 | 15 | 86 | 285 | (15 | ) | 270 | — | — | — | ||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 43 | 5 | 48 | 305 | (5 | ) | 300 | — | — | — | ||||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 122 | — | 122 | 90 | — | 90 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | — | — | — | 52 | — | 52 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 45 | 3 | 48 | 404 | (3 | ) | 401 | — | — | — | ||||||||||||||||||||||||||||||||||||
— | — | — | 1,425 | 178 | 1,603 | 5,358 | (82 | ) | 5,276 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | 2 | — | 2 | 25 | — | 25 | 251 | — | 251 | — | — | — | |||||||||||||||||||||||||||||||||||||
Interest income - intercompany | 174 | — | 174 | 29 | — | 29 | (8 | ) | 29 | 21 | (195 | ) | (29 | ) | (224 | ) | |||||||||||||||||||||||||||||||||
Interest expense - intercompany | (15 | ) | — | (15 | ) | — | — | — | (180 | ) | (29 | ) | (209 | ) | 195 | 29 | 224 | ||||||||||||||||||||||||||||||||
Interest expense, net | (245 | ) | — | (245 | ) | (6 | ) | — | (6 | ) | 2 | — | 2 | — | — | — | |||||||||||||||||||||||||||||||||
(84 | ) | — | (84 | ) | 48 | — | 48 | 65 | — | 65 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (84 | ) | — | (84 | ) | 998 | 173 | 1,171 | 2,200 | (173 | ) | 2,027 | — | — | — | ||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 29 | — | 29 | (268 | ) | (48 | ) | (316 | ) | (630 | ) | 41 | (589 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 1,864 | (7 | ) | 1,857 | 616 | (184 | ) | 432 | 229 | — | 229 | (2,760 | ) | 191 | (2,569 | ) | |||||||||||||||||||||||||||||||||
Income from continuing operations | 1,809 | (7 | ) | 1,802 | 1,346 | (59 | ) | 1,287 | 1,799 | (132 | ) | 1,667 | (2,760 | ) | 191 | (2,569 | ) | ||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | (76 | ) | — | (76 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net income | 1,809 | (7 | ) | 1,802 | 1,346 | (59 | ) | 1,287 | 1,723 | (132 | ) | 1,591 | (2,760 | ) | 191 | (2,569 | ) | ||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | (443 | ) | — | (443 | ) | 134 | — | 134 | |||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 1,809 | $ | (7 | ) | $ | 1,802 | $ | 1,346 | $ | (59 | ) | $ | 1,287 | $ | 1,280 | $ | (132 | ) | $ | 1,148 | $ | (2,626 | ) | $ | 191 | $ | (2,435 | ) | ||||||||||||||||||||
Comprehensive income | $ | 1,647 | $ | (7 | ) | $ | 1,640 | $ | 1,269 | $ | (59 | ) | $ | 1,210 | $ | 1,553 | $ | (132 | ) | $ | 1,421 | $ | (2,512 | ) | $ | 191 | $ | (2,321 | ) | ||||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | (444 | ) | — | (444 | ) | 134 | — | 134 | |||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | 1,647 | $ | (7 | ) | $ | 1,640 | $ | 1,269 | $ | (59 | ) | $ | 1,210 | $ | 1,109 | $ | (132 | ) | $ | 977 | $ | (2,378 | ) | $ | 191 | $ | (2,187 | ) | ||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Operations and Comprehensive Income | Previously | Currently | Previously | Currently | Previously | Currently | Previously | Currently | |||||||||||||||||||||||||||||||||||||||||
(Loss) | Presented | Presented | Presented | Presented | Presented | Presented | Presented | Presented | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | — | $ | — | $ | — | $ | 2,142 | $ | 398 | $ | 2,540 | $ | 8,216 | $ | (315 | ) | $ | 7,901 | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
Costs applicable to sales | — | — | — | 972 | 114 | 1,086 | 2,918 | (31 | ) | 2,887 | — | — | — | ||||||||||||||||||||||||||||||||||||
Amortization | — | — | — | 184 | 30 | 214 | 853 | (31 | ) | 822 | (1 | ) | 1 | — | |||||||||||||||||||||||||||||||||||
Reclamation and remediation | — | — | — | 15 | 3 | 18 | 105 | (3 | ) | 102 | — | — | — | ||||||||||||||||||||||||||||||||||||
Exploration | — | — | — | 89 | — | 89 | 261 | — | 261 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advanced projects, research and development | — | — | — | 44 | — | 44 | 330 | (1 | ) | 329 | (1 | ) | 1 | — | |||||||||||||||||||||||||||||||||||
General and administrative | — | — | — | 89 | — | 89 | 109 | — | 109 | — | — | — | |||||||||||||||||||||||||||||||||||||
Write-down of property, plant and mine development | — | — | — | 2 | — | 2 | 2,082 | — | 2,082 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other expense, net | — | — | — | 39 | — | 39 | 224 | 2 | 226 | 2 | (2 | ) | — | ||||||||||||||||||||||||||||||||||||
— | — | — | 1,434 | 147 | 1,581 | 6,882 | (64 | ) | 6,818 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||
Other income, net | (166 | ) | — | (166 | ) | 14 | — | 14 | 164 | — | 164 | — | — | — | |||||||||||||||||||||||||||||||||||
Interest income - intercompany | 152 | — | 152 | 25 | — | 25 | (2 | ) | 25 | 23 | (175 | ) | (25 | ) | (200 | ) | |||||||||||||||||||||||||||||||||
Interest expense - intercompany | (19 | ) | — | (19 | ) | — | — | — | (156 | ) | (25 | ) | (181 | ) | 175 | 25 | 200 | ||||||||||||||||||||||||||||||||
Interest expense, net | (232 | ) | — | (232 | ) | (8 | ) | — | (8 | ) | (4 | ) | — | (4 | ) | — | — | — | |||||||||||||||||||||||||||||||
(265 | ) | — | (265 | ) | 31 | — | 31 | 2 | — | 2 | — | — | — | ||||||||||||||||||||||||||||||||||||
Income (loss) before income and mining tax and other items | (265 | ) | — | (265 | ) | 739 | 251 | 990 | 1,336 | (251 | ) | 1,085 | — | — | — | ||||||||||||||||||||||||||||||||||
Income and mining tax benefit (expense) | 199 | — | 199 | (196 | ) | (67 | ) | (263 | ) | (716 | ) | 33 | (683 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Equity income (loss) of affiliates | 432 | (34 | ) | 398 | 664 | (292 | ) | 372 | 285 | (7 | ) | 278 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Income from continuing operations | 366 | (34 | ) | 332 | 1,207 | (108 | ) | 1,099 | 905 | (225 | ) | 680 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Loss from discontinued operations | — | — | — | — | — | — | (136 | ) | — | (136 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net income | 366 | (34 | ) | 332 | 1,207 | (108 | ) | 1,099 | 769 | (225 | ) | 544 | (1,370 | ) | 333 | (1,037 | ) | ||||||||||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | — | (718 | ) | 4 | (714 | ) | 112 | (4 | ) | 108 | ||||||||||||||||||||||||||||||||||
Net income attributable to Newmont stockholders | $ | 366 | $ | (34 | ) | $ | 332 | $ | 1,207 | $ | (108 | ) | $ | 1,099 | $ | 51 | $ | (221 | ) | $ | (170 | ) | $ | (1,258 | ) | $ | 329 | $ | (929 | ) | |||||||||||||||||||
Comprehensive income | $ | (90 | ) | $ | (34 | ) | $ | (124 | ) | $ | 1,093 | $ | (108 | ) | $ | 985 | $ | 706 | $ | (225 | ) | $ | 481 | $ | (1,193 | ) | $ | 333 | $ | (860 | ) | ||||||||||||||||||
Comprehensive income attributable to noncontrolling interests | — | — | — | — | — | — | (718 | ) | 4 | (714 | ) | 112 | (4 | ) | 108 | ||||||||||||||||||||||||||||||||||
Comprehensive income attributable to Newmont stockholders | $ | (90 | ) | $ | (34 | ) | $ | (124 | ) | $ | 1,093 | $ | (108 | ) | $ | 985 | $ | (12 | ) | $ | (221 | ) | $ | (233 | ) | $ | (1,081 | ) | $ | 329 | $ | (752 | ) | ||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income | $ | (2,534 | ) | $ | 264 | $ | (3,536 | ) | $ | 3,011 | $ | (2,795 | ) | ||||||||||||||||||||||||||||||||||||
Adjustments | 2,506 | 833 | 5,119 | (3,016 | ) | 5,442 | |||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (24 | ) | (245 | ) | (817 | ) | — | (1,086 | ) | ||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (52 | ) | 852 | 766 | (5 | ) | 1,561 | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (18 | ) | — | (18 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (52 | ) | 852 | 748 | (5 | ) | 1,543 | ||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (441 | ) | (1,459 | ) | — | (1,900 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (13 | ) | — | (13 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | 589 | — | 589 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 63 | — | 63 | ||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (51 | ) | — | (51 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (441 | ) | (872 | ) | — | (1,313 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 1,024 | — | 514 | — | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,024 | ) | — | (126 | ) | — | (1,150 | ) | |||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 661 | (325 | ) | (333 | ) | (3 | ) | — | |||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | — | — | — | 2 | ||||||||||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | — | — | 32 | — | 32 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | (17 | ) | — | (17 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (5 | ) | 3 | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (610 | ) | — | (5 | ) | 5 | (610 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | (1 | ) | — | (4 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 52 | (325 | ) | 56 | 5 | (212 | ) | ||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | 86 | (92 | ) | — | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 342 | 1,219 | — | 1,561 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,555 | |||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,802 | $ | 1,287 | $ | 1,591 | $ | (2,569 | ) | $ | 2,111 | ||||||||||||||||||||||||||||||||||||||
Adjustments | (1,783 | ) | (119 | ) | 697 | 2,555 | 1,350 | ||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 142 | (279 | ) | (936 | ) | — | (1,073 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 161 | 889 | 1,352 | (14 | ) | 2,388 | |||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 161 | 889 | 1,336 | (14 | ) | 2,372 | |||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (634 | ) | (2,576 | ) | — | (3,210 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (25 | ) | — | (25 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | 210 | — | — | 210 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | (220 | ) | — | — | (220 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 41 | — | 41 | ||||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (60 | ) | — | (60 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (644 | ) | (2,620 | ) | — | (3,264 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | — | 179 | — | 3,524 | ||||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,802 | ) | (164 | ) | (10 | ) | — | (1,976 | ) | ||||||||||||||||||||||||||||||||||||||||
Payment of conversion premium on debt | (172 | ) | — | — | — | (172 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | (861 | ) | 252 | 613 | (4 | ) | — | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 24 | — | — | — | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | (10 | ) | — | (10 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (7 | ) | 4 | (3 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (695 | ) | — | (14 | ) | 14 | (695 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | — | (1 | ) | (2 | ) | — | (3 | ) | |||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | (161 | ) | 87 | 749 | 14 | 689 | |||||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | 4 | — | 4 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | 332 | (531 | ) | — | (199 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 10 | 1,750 | — | 1,760 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 332 | $ | 1,099 | $ | 544 | $ | (1,037 | ) | $ | 938 | ||||||||||||||||||||||||||||||||||||||
Adjustments | (233 | ) | 39 | 2,193 | 965 | 2,964 | |||||||||||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (102 | ) | (14 | ) | (195 | ) | — | (311 | ) | ||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (3 | ) | 1,124 | 2,542 | (72 | ) | 3,591 | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | (7 | ) | — | (7 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (3 | ) | 1,124 | 2,535 | (72 | ) | 3,584 | ||||||||||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | (520 | ) | (2,267 | ) | — | (2,787 | ) | |||||||||||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | (2,309 | ) | — | (2,309 | ) | ||||||||||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | 81 | — | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | (21 | ) | — | (21 | ) | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | 9 | — | 9 | ||||||||||||||||||||||||||||||||||||||||||||
Advance to affiliate | — | (2,525 | ) | — | 2,525 | — | |||||||||||||||||||||||||||||||||||||||||||
Other | — | — | (40 | ) | — | (40 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | (3,045 | ) | (4,547 | ) | 2,525 | (5,067 | ) | |||||||||||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 2,034 | — | (23 | ) | — | 2,011 | |||||||||||||||||||||||||||||||||||||||||||
Repayment of debt | (2,008 | ) | (253 | ) | (12 | ) | — | (2,273 | ) | ||||||||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 431 | (127 | ) | 2,259 | (2,563 | ) | — | ||||||||||||||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 40 | — | — | — | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | (155 | ) | 38 | (117 | ) | ||||||||||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (494 | ) | — | (72 | ) | 72 | (494 | ) | |||||||||||||||||||||||||||||||||||||||||
Other | — | — | (21 | ) | — | (21 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 3 | (380 | ) | 1,976 | (2,453 | ) | (854 | ) | |||||||||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | 41 | — | 41 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | (2,301 | ) | 5 | — | (2,296 | ) | ||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | 2,311 | 1,745 | — | 4,056 | ||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 10 | $ | 1,750 | $ | — | $ | 1,760 | |||||||||||||||||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | (2,462 | ) | $ | (72 | ) | $ | (2,534 | ) | $ | 336 | $ | (72 | ) | $ | 264 | $ | (3,444 | ) | $ | (92 | ) | $ | (3,536 | ) | $ | 2,854 | $ | 157 | $ | 3,011 | ||||||||||||||||||
Adjustments | 2,434 | 72 | 2,506 | 761 | 72 | 833 | 5,048 | 71 | 5,119 | (2,859 | ) | (157 | ) | (3,016 | ) | ||||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (24 | ) | — | (24 | ) | (245 | ) | — | (245 | ) | (838 | ) | 21 | (817 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (52 | ) | — | (52 | ) | 852 | — | 852 | 766 | — | 766 | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (18 | ) | — | (18 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (52 | ) | — | (52 | ) | 852 | — | 852 | 748 | — | 748 | (5 | ) | — | (5 | ) | |||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (441 | ) | — | (441 | ) | (1,459 | ) | — | (1,459 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (13 | ) | — | (13 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | — | — | 589 | — | 589 | — | — | — | |||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | — | — | (1 | ) | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 63 | — | 63 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (51 | ) | — | (51 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (441 | ) | — | (441 | ) | (872 | ) | — | (872 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 1,024 | — | 1,024 | — | — | — | 514 | — | 514 | — | — | — | |||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,024 | ) | — | (1,024 | ) | — | — | — | (126 | ) | — | (126 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 661 | — | 661 | (325 | ) | — | (325 | ) | (333 | ) | — | (333 | ) | (3 | ) | — | (3 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 2 | — | 2 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | — | — | — | — | — | — | 32 | — | 32 | — | — | — | |||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | — | — | — | — | (17 | ) | — | (17 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (5 | ) | — | (5 | ) | 3 | — | 3 | |||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (611 | ) | 1 | (610 | ) | — | — | — | (5 | ) | — | (5 | ) | 5 | — | 5 | |||||||||||||||||||||||||||||||||
Other | — | (1 | ) | (1 | ) | — | — | — | (4 | ) | — | (4 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 52 | — | 52 | (325 | ) | — | (325 | ) | 56 | — | 56 | 5 | — | 5 | |||||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | (24 | ) | — | (24 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | 86 | — | 86 | (92 | ) | — | (92 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 342 | — | 342 | 1,219 | — | 1,219 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 428 | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,127 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 1,809 | $ | (7 | ) | $ | 1,802 | $ | 1,346 | $ | (59 | ) | $ | 1,287 | $ | 1,723 | $ | (132 | ) | $ | 1,591 | $ | (2,760 | ) | $ | 191 | $ | (2,569 | ) | ||||||||||||||||||||
Adjustments | (1,797 | ) | 14 | (1,783 | ) | (338 | ) | 219 | (119 | ) | 732 | (35 | ) | 697 | 2,746 | (191 | ) | 2,555 | |||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | 142 | — | 142 | (245 | ) | (34 | ) | (279 | ) | (970 | ) | 34 | (936 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | 154 | 7 | 161 | 763 | 126 | 889 | 1,485 | (133 | ) | 1,352 | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (16 | ) | — | (16 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | 154 | 7 | 161 | 763 | 126 | 889 | 1,469 | (133 | ) | 1,336 | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (541 | ) | (93 | ) | (634 | ) | (2,669 | ) | 93 | (2,576 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (25 | ) | — | (25 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | 210 | 210 | 210 | (210 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | (220 | ) | (220 | ) | (220 | ) | 220 | — | — | — | — | ||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 41 | — | 41 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (60 | ) | — | (60 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (541 | ) | (103 | ) | (644 | ) | (2,723 | ) | 103 | (2,620 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 3,345 | — | 3,345 | — | — | — | 179 | — | 179 | — | — | — | |||||||||||||||||||||||||||||||||||||
Repayment of debt | (1,802 | ) | — | (1,802 | ) | (164 | ) | — | (164 | ) | (10 | ) | — | (10 | ) | — | — | — | |||||||||||||||||||||||||||||||
Payment of conversion premium on debt | (172 | ) | — | (172 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | (854 | ) | (7 | ) | (861 | ) | 274 | (22 | ) | 252 | 580 | 33 | 613 | — | (4 | ) | (4 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 24 | — | 24 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Acquisition of noncontrolling interests | — | — | — | — | — | — | (10 | ) | — | (10 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (3 | ) | (4 | ) | (7 | ) | — | 4 | 4 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (695 | ) | — | (695 | ) | — | — | — | (14 | ) | — | (14 | ) | 14 | — | 14 | |||||||||||||||||||||||||||||||||
Other | — | — | — | — | (1 | ) | (1 | ) | (3 | ) | 1 | (2 | ) | — | — | — | |||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | (154 | ) | (7 | ) | (161 | ) | 110 | (23 | ) | 87 | 719 | 30 | 749 | 14 | — | 14 | |||||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | 4 | — | 4 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | 332 | — | 332 | (531 | ) | — | (531 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 10 | — | 10 | 1,750 | — | 1,750 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 342 | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,219 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
At December 31, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Company | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Flows | Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | |||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 366 | $ | (34 | ) | $ | 332 | $ | 1,207 | $ | (108 | ) | $ | 1,099 | $ | 769 | $ | (225 | ) | $ | 544 | $ | (1,370 | ) | $ | 333 | $ | (1,037 | ) | ||||||||||||||||||||
Adjustments | (301 | ) | 68 | (233 | ) | (319 | ) | 358 | 39 | 2,252 | (59 | ) | 2,193 | 1,298 | (333 | ) | 965 | ||||||||||||||||||||||||||||||||
Net change in operating assets and liabilities | (102 | ) | — | (102 | ) | 14 | (28 | ) | (14 | ) | (223 | ) | 28 | (195 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net cash provided from (used in) continuing operations | (37 | ) | 34 | (3 | ) | 902 | 222 | 1,124 | 2,798 | (256 | ) | 2,542 | (72 | ) | — | (72 | ) | ||||||||||||||||||||||||||||||||
Net cash used in discontinued operations | — | — | — | — | — | — | (7 | ) | — | (7 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) operations | (37 | ) | 34 | (3 | ) | 902 | 222 | 1,124 | 2,791 | (256 | ) | 2,535 | (72 | ) | — | (72 | ) | ||||||||||||||||||||||||||||||||
Investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Additions to property, plant and mine development | — | — | — | (425 | ) | (95 | ) | (520 | ) | (2,362 | ) | 95 | (2,267 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Acquisitions, net | — | — | — | — | — | — | (2,309 | ) | — | (2,309 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Sale of marketable securities | — | — | — | — | — | — | 81 | — | 81 | — | — | — | |||||||||||||||||||||||||||||||||||||
Purchases of marketable securities | — | — | — | — | — | — | (21 | ) | — | (21 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Proceeds from sale of other assets | — | — | — | — | — | — | 9 | — | 9 | — | — | — | |||||||||||||||||||||||||||||||||||||
Advance to affiliate | — | — | — | (2,525 | ) | — | (2,525 | ) | — | — | — | 2,525 | — | 2,525 | |||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (40 | ) | — | (40 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash used in investing activities | — | — | — | (2,950 | ) | (95 | ) | (3,045 | ) | (4,642 | ) | 95 | (4,547 | ) | 2,525 | — | 2,525 | ||||||||||||||||||||||||||||||||
Financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt, net | 2,034 | — | 2,034 | — | — | — | (23 | ) | — | (23 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Repayment of debt | (2,008 | ) | — | (2,008 | ) | (253 | ) | — | (253 | ) | (12 | ) | — | (12 | ) | — | — | — | |||||||||||||||||||||||||||||||
Net intercompany borrowings (repayments) | 465 | (34 | ) | 431 | — | (127 | ) | (127 | ) | 2,094 | 165 | 2,259 | (2,559 | ) | (4 | ) | (2,563 | ) | |||||||||||||||||||||||||||||||
Proceeds from stock issuance, net | 40 | — | 40 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Dividends paid to noncontrolling interests | — | — | — | — | — | — | (151 | ) | (4 | ) | (155 | ) | 34 | 4 | 38 | ||||||||||||||||||||||||||||||||||
Dividends paid to common stockholders | (494 | ) | — | (494 | ) | — | — | — | (72 | ) | — | (72 | ) | 72 | — | 72 | |||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | — | (21 | ) | — | (21 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
Net cash provided from (used in) financing activities | 37 | (34 | ) | 3 | (253 | ) | (127 | ) | (380 | ) | 1,815 | 161 | 1,976 | (2,453 | ) | — | (2,453 | ) | |||||||||||||||||||||||||||||||
Effect of exchange rate changes on cash | — | — | — | — | — | — | 41 | — | 41 | — | — | — | |||||||||||||||||||||||||||||||||||||
Net change in cash and cash equivalents | — | — | — | (2,301 | ) | — | (2,301 | ) | 5 | — | 5 | — | — | — | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | — | — | — | 2,311 | — | 2,311 | 1,745 | — | 1,745 | — | — | — | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | $ | 1,750 | $ | — | $ | 1,750 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,555 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | — | 21 | 209 | — | 230 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | — | 23 | 229 | — | 252 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,400 | 6,089 | 5,672 | (13,161 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Investments | 22 | 1 | 55 | — | 78 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | — | 146 | 571 | — | 717 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 358 | 447 | — | 805 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | 157 | 86 | — | 246 | ||||||||||||||||||||||||||||||||||||||||||||
Other current assets | — | 73 | 933 | — | 1,006 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 1,425 | 7,296 | 9,329 | (13,161 | ) | 4,889 | |||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | 32 | 3,026 | 11,263 | (44 | ) | 14,277 | |||||||||||||||||||||||||||||||||||||||||||
Investments | — | 7 | 432 | — | 439 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 13,982 | 5,158 | 2,807 | (21,947 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 512 | 2,168 | — | 2,680 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 694 | 466 | 844 | (526 | ) | 1,478 | |||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,204 | 62 | 367 | (3,633 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | 223 | 575 | — | 844 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 19,383 | $ | 16,750 | $ | 27,785 | $ | (39,311 | ) | $ | 24,607 | ||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 561 | $ | 1 | $ | 33 | $ | — | $ | 595 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | — | 80 | 398 | — | 478 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,092 | 5,404 | 4,665 | (13,161 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | — | 175 | 166 | — | 341 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | 13 | — | 13 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 161 | 1,081 | — | 1,313 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 3,724 | 5,821 | 6,356 | (13,161 | ) | 2,740 | |||||||||||||||||||||||||||||||||||||||||||
Debt | 5,556 | 7 | 582 | — | 6,145 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | 176 | 1,337 | — | 1,513 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | 23 | 1,138 | (526 | ) | 635 | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 169 | 149 | — | 323 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 196 | — | 3,481 | (3,677 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | 20 | 322 | — | 342 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 9,481 | 6,216 | 13,365 | (17,364 | ) | 11,698 | |||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 9,902 | 10,534 | 9,816 | (20,259 | ) | 9,993 | |||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | 4,604 | (1,688 | ) | 2,916 | |||||||||||||||||||||||||||||||||||||||||||
Total equity | 9,902 | 10,534 | 14,420 | (21,947 | ) | 12,909 | |||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 19,383 | $ | 16,750 | $ | 27,785 | $ | (39,311 | ) | $ | 24,607 | ||||||||||||||||||||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | Newmont | Newmont | Other | Eliminations | Newmont | ||||||||||||||||||||||||||||||||||||||||||||
Mining | USA | Subsidiaries | Mining | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||
Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,561 | |||||||||||||||||||||||||||||||||||||||
Trade receivables | — | 57 | 226 | — | 283 | ||||||||||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | 10 | 547 | — | 577 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | 6,276 | 5,465 | (14,489 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Investments | 58 | 7 | 21 | — | 86 | ||||||||||||||||||||||||||||||||||||||||||||
Inventories | — | 147 | 649 | — | 796 | ||||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 245 | 541 | — | 786 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | — | 109 | 153 | (67 | ) | 195 | |||||||||||||||||||||||||||||||||||||||||||
Other current assets | — | 48 | 1,613 | — | 1,661 | ||||||||||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | 7,241 | 10,434 | (14,556 | ) | 5,945 | |||||||||||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | — | 2,869 | 15,178 | (37 | ) | 18,010 | |||||||||||||||||||||||||||||||||||||||||||
Investments | — | 6 | 1,440 | — | 1,446 | ||||||||||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,522 | 5,427 | 3,099 | (25,048 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | 448 | 2,448 | — | 2,896 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | 146 | 608 | (1,141 | ) | 404 | |||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | 45 | 564 | (4,516 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | 172 | 648 | — | 872 | ||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,098 | $ | 16,354 | $ | 34,419 | $ | (45,298 | ) | $ | 29,573 | ||||||||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | |||||||||||||||||||||||||||||||||||||||
Accounts payable | — | 97 | 560 | — | 657 | ||||||||||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | 5,240 | 5,280 | (14,489 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | — | 149 | 190 | — | 339 | ||||||||||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | 16 | 35 | — | 51 | ||||||||||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | 175 | 1,838 | — | 2,084 | ||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | 5,677 | 7,913 | (14,489 | ) | 3,141 | |||||||||||||||||||||||||||||||||||||||||||
Debt | 6,069 | 1 | 218 | — | 6,288 | ||||||||||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | 183 | 1,274 | — | 1,457 | ||||||||||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | 24 | 2,040 | (1,206 | ) | 858 | |||||||||||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | 385 | 196 | — | 586 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term intercompany | 381 | — | 4,172 | (4,553 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | 13 | 359 | — | 372 | ||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | 6,283 | 16,172 | (20,248 | ) | 12,702 | |||||||||||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,603 | 10,071 | 13,208 | (23,186 | ) | 13,696 | |||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | 5,039 | (1,864 | ) | 3,175 | |||||||||||||||||||||||||||||||||||||||||||
Total equity | 13,603 | 10,071 | 18,247 | (25,050 | ) | 16,871 | |||||||||||||||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 24,098 | $ | 16,354 | $ | 34,419 | $ | (45,298 | ) | $ | 29,573 | ||||||||||||||||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | As | Change | As | As | Change | As | As | Change | As | As | Change | As Revised | |||||||||||||||||||||||||||||||||||||
Previously | Revised | Previously | Revised | Previously | Revised | Previously | |||||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 428 | $ | — | $ | 428 | $ | 1,127 | $ | — | $ | 1,127 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Trade receivables | — | — | — | 21 | — | 21 | 209 | — | 209 | — | — | — | |||||||||||||||||||||||||||||||||||||
Accounts receivable | — | — | — | 23 | — | 23 | 229 | — | 229 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany receivable | 1,400 | — | 1,400 | 6,089 | — | 6,089 | 5,672 | — | 5,672 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Investments | 22 | — | 22 | 1 | — | 1 | 55 | — | 55 | — | — | — | |||||||||||||||||||||||||||||||||||||
Inventories | — | — | — | 146 | — | 146 | 571 | — | 571 | — | — | — | |||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 358 | — | 358 | 425 | 22 | 447 | — | — | — | |||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 3 | — | 3 | 164 | (7 | ) | 157 | 86 | — | 86 | — | — | — | ||||||||||||||||||||||||||||||||||||
Other current assets | — | — | — | 73 | — | 73 | 933 | — | 933 | — | — | — | |||||||||||||||||||||||||||||||||||||
Current assets | 1,425 | — | 1,425 | 7,303 | (7 | ) | 7,296 | 9,307 | 22 | 9,329 | (13,161 | ) | — | (13,161 | ) | ||||||||||||||||||||||||||||||||||
Property, plant and mine development, net | 32 | — | 32 | 3,026 | — | 3,026 | 11,263 | — | 11,263 | (44 | ) | — | (44 | ) | |||||||||||||||||||||||||||||||||||
Investments | — | — | — | 7 | — | 7 | 432 | — | 432 | — | — | — | |||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 14,130 | (148 | ) | 13,982 | 5,306 | (148 | ) | 5,158 | 2,839 | (32 | ) | 2,807 | (22,275 | ) | 328 | (21,947 | ) | ||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 512 | — | 512 | 2,211 | (43 | ) | 2,168 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 694 | — | 694 | 459 | 7 | 466 | 980 | (136 | ) | 844 | (526 | ) | — | (526 | ) | ||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,204 | — | 3,204 | 62 | — | 62 | 367 | — | 367 | (3,633 | ) | — | (3,633 | ) | |||||||||||||||||||||||||||||||||||
Other long-term assets | 46 | — | 46 | 223 | — | 223 | 575 | — | 575 | — | — | — | |||||||||||||||||||||||||||||||||||||
Total assets | $ | 19,531 | $ | (148 | ) | $ | 19,383 | $ | 16,898 | $ | (148 | ) | $ | 16,750 | $ | 27,974 | $ | (189 | ) | $ | 27,785 | $ | (39,639 | ) | $ | 328 | $ | (39,311 | ) | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | 561 | $ | — | $ | 561 | $ | 1 | $ | — | $ | 1 | $ | 33 | $ | — | $ | 33 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Accounts payable | — | — | — | 80 | — | 80 | 398 | — | 398 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,092 | — | 3,092 | 5,404 | — | 5,404 | 4,665 | — | 4,665 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Employee-related benefits | — | — | — | 175 | — | 175 | 166 | — | 166 | — | — | — | |||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | — | — | — | — | 13 | — | 13 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | — | 71 | 161 | — | 161 | 1,081 | — | 1,081 | — | — | — | |||||||||||||||||||||||||||||||||||||
Current liabilities | 3,724 | — | 3,724 | 5,821 | — | 5,821 | 6,356 | — | 6,356 | (13,161 | ) | — | (13,161 | ) | |||||||||||||||||||||||||||||||||||
Debt | 5,556 | — | 5,556 | 7 | — | 7 | 582 | — | 582 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | — | — | 176 | — | 176 | 1,337 | — | 1,337 | — | — | — | |||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | — | — | 23 | — | 23 | 1,138 | — | 1,138 | (526 | ) | — | (526 | ) | |||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | — | 5 | 169 | — | 169 | 151 | (2 | ) | 149 | — | — | — | ||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 196 | — | 196 | — | — | — | 3,481 | — | 3,481 | (3,677 | ) | — | (3,677 | ) | |||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | — | — | 20 | — | 20 | 322 | — | 322 | — | — | — | |||||||||||||||||||||||||||||||||||||
Total liabilities | 9,481 | — | 9,481 | 6,216 | — | 6,216 | 13,367 | (2 | ) | 13,365 | (17,364 | ) | — | (17,364 | ) | ||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 10,050 | (148 | ) | 9,902 | 10,682 | (148 | ) | 10,534 | 9,991 | (175 | ) | 9,816 | (20,582 | ) | 323 | (20,259 | ) | ||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | 4,616 | (12 | ) | 4,604 | (1,693 | ) | 5 | (1,688 | ) | ||||||||||||||||||||||||||||||||||
Total equity | 10,050 | (148 | ) | 9,902 | 10,682 | (148 | ) | 10,534 | 14,607 | (187 | ) | 14,420 | (22,275 | ) | 328 | (21,947 | ) | ||||||||||||||||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 19,531 | $ | (148 | ) | $ | 19,383 | $ | 16,898 | $ | (148 | ) | $ | 16,750 | $ | 27,974 | $ | (189 | ) | $ | 27,785 | $ | (39,639 | ) | $ | 328 | $ | (39,311 | ) | ||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont Mining | Newmont USA | Other Subsidiaries | Eliminations | ||||||||||||||||||||||||||||||||||||||||||||||
Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | As | Change | As | As | Change | As | As | Change | As | As | Change | As | |||||||||||||||||||||||||||||||||||||
Previously | Revised | Previously | Revised | Previously | Revised | Previously | Revised | ||||||||||||||||||||||||||||||||||||||||||
Presented | Presented | Presented | Presented | ||||||||||||||||||||||||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 342 | $ | — | $ | 342 | $ | 1,219 | $ | — | $ | 1,219 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Trade receivables | — | — | — | 23 | 34 | 57 | 260 | (34 | ) | 226 | — | — | — | ||||||||||||||||||||||||||||||||||||
Accounts receivable | 20 | — | 20 | 10 | — | 10 | 547 | — | 547 | — | — | — | |||||||||||||||||||||||||||||||||||||
Intercompany receivable | 2,748 | — | 2,748 | 7,052 | (776 | ) | 6,276 | 5,857 | (392 | ) | 5,465 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Investments | 58 | — | 58 | 7 | — | 7 | 21 | — | 21 | — | — | — | |||||||||||||||||||||||||||||||||||||
Inventories | — | — | — | 104 | 43 | 147 | 692 | (43 | ) | 649 | — | — | — | ||||||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 215 | 30 | 245 | 571 | (30 | ) | 541 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | — | — | — | 109 | — | 109 | 153 | — | 153 | (67 | ) | — | (67 | ) | |||||||||||||||||||||||||||||||||||
Other current assets | — | — | — | 46 | 2 | 48 | 1,615 | (2 | ) | 1,613 | — | — | — | ||||||||||||||||||||||||||||||||||||
Current assets | 2,826 | — | 2,826 | 7,908 | (667 | ) | 7,241 | 10,935 | (501 | ) | 10,434 | (15,724 | ) | 1,168 | (14,556 | ) | |||||||||||||||||||||||||||||||||
Property, plant and mine development, net | — | — | — | 2,187 | 682 | 2,869 | 15,860 | (682 | ) | 15,178 | (37 | ) | — | (37 | ) | ||||||||||||||||||||||||||||||||||
Investments | — | — | — | 6 | — | 6 | 1,440 | — | 1,440 | — | — | — | |||||||||||||||||||||||||||||||||||||
Investments in subsidiaries | 16,599 | (77 | ) | 16,522 | 6,041 | (614 | ) | 5,427 | 3,115 | (16 | ) | 3,099 | (25,755 | ) | 707 | (25,048 | ) | ||||||||||||||||||||||||||||||||
Stockpiles and ore on leach pads | — | — | — | 401 | 47 | 448 | 2,495 | (47 | ) | 2,448 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax assets | 791 | — | 791 | 146 | — | 146 | 685 | (77 | ) | 608 | (1,141 | ) | — | (1,141 | ) | ||||||||||||||||||||||||||||||||||
Long-term intercompany receivable | 3,907 | — | 3,907 | 45 | — | 45 | 564 | — | 564 | (4,516 | ) | — | (4,516 | ) | |||||||||||||||||||||||||||||||||||
Other long-term assets | 52 | — | 52 | 158 | 14 | 172 | 662 | (14 | ) | 648 | — | — | — | ||||||||||||||||||||||||||||||||||||
Total assets | $ | 24,175 | $ | (77 | ) | $ | 24,098 | $ | 16,892 | $ | (538 | ) | $ | 16,354 | $ | 35,756 | $ | (1,337 | ) | $ | 34,419 | $ | (47,173 | ) | $ | 1,875 | $ | (45,298 | ) | ||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 10 | $ | — | $ | 10 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Accounts payable | — | — | — | 78 | 19 | 97 | 579 | (19 | ) | 560 | — | — | — | ||||||||||||||||||||||||||||||||||||
Intercompany payable | 3,969 | — | 3,969 | 5,743 | (503 | ) | 5,240 | 5,945 | (665 | ) | 5,280 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Employee-related benefits | — | — | — | 149 | — | 149 | 190 | — | 190 | — | — | — | |||||||||||||||||||||||||||||||||||||
Income and mining taxes | — | — | — | 16 | — | 16 | 35 | — | 35 | — | — | — | |||||||||||||||||||||||||||||||||||||
Other current liabilities | 71 | — | 71 | 147 | 28 | 175 | 1,866 | (28 | ) | 1,838 | — | — | — | ||||||||||||||||||||||||||||||||||||
Current liabilities | 4,040 | — | 4,040 | 6,133 | (456 | ) | 5,677 | 8,625 | (712 | ) | 7,913 | (15,657 | ) | 1,168 | (14,489 | ) | |||||||||||||||||||||||||||||||||
Debt | 6,069 | — | 6,069 | 1 | — | 1 | 218 | — | 218 | — | — | — | |||||||||||||||||||||||||||||||||||||
Reclamation and remediation liabilities | — | — | — | 147 | 36 | 183 | 1,310 | (36 | ) | 1,274 | — | — | — | ||||||||||||||||||||||||||||||||||||
Deferred income tax liabilities | — | — | — | 20 | 4 | 24 | 2,044 | (4 | ) | 2,040 | (1,206 | ) | — | (1,206 | ) | ||||||||||||||||||||||||||||||||||
Employee-related benefits | 5 | — | 5 | 384 | 1 | 385 | 197 | (1 | ) | 196 | — | — | — | ||||||||||||||||||||||||||||||||||||
Long-term intercompany payable | 381 | — | 381 | — | — | — | 4,172 | — | 4,172 | (4,553 | ) | — | (4,553 | ) | |||||||||||||||||||||||||||||||||||
Other long-term liabilities | — | — | — | 11 | 2 | 13 | 361 | (2 | ) | 359 | — | — | — | ||||||||||||||||||||||||||||||||||||
Total liabilities | 10,495 | — | 10,495 | 6,696 | (413 | ) | 6,283 | 16,927 | (755 | ) | 16,172 | (21,416 | ) | 1,168 | (20,248 | ) | |||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||||||||||||||
Newmont stockholders’ equity | 13,680 | (77 | ) | 13,603 | 10,196 | (125 | ) | 10,071 | 13,782 | (574 | ) | 13,208 | (23,885 | ) | 699 | (23,186 | ) | ||||||||||||||||||||||||||||||||
Noncontrolling interests | — | — | — | — | — | — | 5,047 | (8 | ) | 5,039 | (1,872 | ) | 8 | (1,864 | ) | ||||||||||||||||||||||||||||||||||
Total equity | 13,680 | (77 | ) | 13,603 | 10,196 | (125 | ) | 10,071 | 18,829 | (582 | ) | 18,247 | (25,757 | ) | 707 | (25,050 | ) | ||||||||||||||||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 24,175 | $ | (77 | ) | $ | 24,098 | $ | 16,892 | $ | (538 | ) | $ | 16,354 | $ | 35,756 | $ | (1,337 | ) | $ | 34,419 | $ | (47,173 | ) | $ | 1,875 | $ | (45,298 | ) | ||||||||||||||||||||
UNAUDITED_SUPPLEMENTARY_DATA_T
UNAUDITED SUPPLEMENTARY DATA (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Quarterly Financial Information Tables | ' | ||||||||||||||||||||||||
The following is a summary of selected quarterly financial information (unaudited): | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
March 31 | 30-Jun | September 30 | December 31 | ||||||||||||||||||||||
Sales | $ | 2,188 | $ | 2,018 | $ | 2,020 | $ | 2,188 | |||||||||||||||||
Gross profit(1) | $ | 846 | $ | (97 | ) | $ | 623 | $ | 300 | ||||||||||||||||
Income (loss) from continuing operations(2) | $ | 314 | $ | (2,133 | ) | $ | 419 | $ | (1,195 | ) | |||||||||||||||
Income (loss) from discontinued operations(2) | — | 74 | (21 | ) | 8 | ||||||||||||||||||||
Net income (loss) (2) | $ | 314 | $ | (2,059 | ) | $ | 398 | $ | (1,187 | ) | |||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | (4.29 | ) | $ | 0.84 | $ | (2.39 | ) | |||||||||||||||
Discontinued operations | — | 0.15 | (0.04 | ) | 0.01 | ||||||||||||||||||||
$ | 0.63 | $ | (4.14 | ) | $ | 0.8 | $ | (2.38 | ) | ||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | (4.29 | ) | $ | 0.84 | $ | (2.39 | ) | |||||||||||||||
Discontinued operations | — | 0.15 | (0.04 | ) | 0.01 | ||||||||||||||||||||
$ | 0.63 | $ | (4.14 | ) | $ | 0.8 | $ | (2.38 | ) | ||||||||||||||||
Weighted average common shares (millions) | |||||||||||||||||||||||||
Basic | 497 | 497 | 498 | 498 | |||||||||||||||||||||
Diluted | 498 | 497 | 498 | 498 | |||||||||||||||||||||
Cash dividends declared per common share | $ | 0.425 | $ | 0.35 | $ | 0.25 | $ | 0.2 | |||||||||||||||||
Closing price of common stock | $ | 41.89 | $ | 29.95 | $ | 28.1 | $ | 23.03 | |||||||||||||||||
2012 | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
31-Mar | 30-Jun | 30-Sep | 31-Dec | ||||||||||||||||||||||
Sales | $ | 2,706 | $ | 2,250 | $ | 2,505 | $ | 2,503 | |||||||||||||||||
Gross profit(1) | $ | 1,419 | $ | 963 | $ | 1,103 | $ | 1,017 | |||||||||||||||||
Income (loss) from continuing operations(2) | $ | 559 | $ | 280 | $ | 401 | $ | 638 | |||||||||||||||||
Income (loss) from discontinued operations(2) | (71 | ) | — | (33 | ) | 28 | |||||||||||||||||||
Net income (loss)(2) | $ | 488 | $ | 280 | $ | 368 | $ | 666 | |||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 1.13 | $ | 0.56 | $ | 0.82 | $ | 1.28 | |||||||||||||||||
Discontinued operations | (0.14 | ) | — | (0.07 | ) | 0.06 | |||||||||||||||||||
$ | 0.99 | $ | 0.56 | $ | 0.75 | $ | 1.34 | ||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 1.11 | $ | 0.56 | $ | 0.81 | $ | 1.28 | |||||||||||||||||
Discontinued operations | (0.14 | ) | — | (0.07 | ) | 0.06 | |||||||||||||||||||
$ | 0.97 | $ | 0.56 | $ | 0.74 | $ | 1.34 | ||||||||||||||||||
Weighted average common shares (millions) | |||||||||||||||||||||||||
Basic | 495 | 496 | 496 | 497 | |||||||||||||||||||||
Diluted | 504 | 498 | 499 | 499 | |||||||||||||||||||||
Cash dividends declared per common share | $ | 0.35 | $ | 0.35 | $ | 0.35 | $ | 0.35 | |||||||||||||||||
Closing price of common stock | $ | 51.27 | $ | 48.51 | $ | 56.02 | $ | 46.44 | |||||||||||||||||
(1) | Sales less Costs applicable to sales, Amortization and Reclamation and remediation. | ||||||||||||||||||||||||
(2) | Attributable to Newmont stockholders. | ||||||||||||||||||||||||
The following is a summary of revised selected quarterly financial information (unaudited): | |||||||||||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||
As Previously | Revision and | As Revised | |||||||||||||||||||||||
Reported | Co-product | ||||||||||||||||||||||||
Reclassification(1) | |||||||||||||||||||||||||
Sales | $ | 2,177 | $ | 11 | $ | 2,188 | |||||||||||||||||||
Costs applicable to sales | 1,044 | 13 | 1,057 | ||||||||||||||||||||||
Amortization | 267 | — | 267 | ||||||||||||||||||||||
Reclamation and remediation | 18 | — | 18 | ||||||||||||||||||||||
Gross profit | 848 | (2 | ) | 846 | |||||||||||||||||||||
Income (loss) from continuing operations(2) | 315 | (1 | ) | 314 | |||||||||||||||||||||
Net income (loss) | $ | 315 | $ | (1 | ) | $ | 314 | ||||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | — | $ | 0.63 | |||||||||||||||||||
$ | 0.63 | $ | — | $ | 0.63 | ||||||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.63 | $ | — | $ | 0.63 | |||||||||||||||||||
$ | 0.63 | $ | — | $ | 0.63 | ||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
As Previously | Revision and | As Revised | As Previously | Revision and | As Revised | ||||||||||||||||||||
Reported | Co-product | Reported | Co-product | ||||||||||||||||||||||
Reclassification(1) | Reclassification(1) | ||||||||||||||||||||||||
Sales | $ | 1,993 | $ | 25 | $ | 2,018 | $ | 4,170 | $ | 36 | $ | 4,206 | |||||||||||||
Costs applicable to sales | 1,653 | 29 | 1,682 | 2,697 | 42 | 2,739 | |||||||||||||||||||
Amortization | 415 | — | 415 | 682 | — | 682 | |||||||||||||||||||
Reclamation and remediation | 18 | — | 18 | 36 | — | 36 | |||||||||||||||||||
Gross profit | (93 | ) | (4 | ) | (97 | ) | 755 | (6 | ) | 749 | |||||||||||||||
Income (loss) from continuing operations(2) | (2,093 | ) | (40 | ) | (2,133 | ) | (1,778 | ) | (41 | ) | (1,819 | ) | |||||||||||||
Income (loss) from discontinued operations(2) | 74 | — | 74 | 74 | — | 74 | |||||||||||||||||||
Net income (loss) | $ | (2,019 | ) | $ | (40 | ) | $ | (2,059 | ) | $ | (1,704 | ) | $ | (41 | ) | $ | (1,745 | ) | |||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | (4.21 | ) | $ | (0.08 | ) | $ | (4.29 | ) | $ | (3.58 | ) | $ | (0.08 | ) | $ | (3.66 | ) | |||||||
Discontinued operations | 0.15 | — | 0.15 | 0.15 | — | 0.15 | |||||||||||||||||||
$ | (4.06 | ) | $ | (0.08 | ) | $ | (4.14 | ) | $ | (3.43 | ) | $ | (0.08 | ) | $ | (3.51 | ) | ||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | (4.21 | ) | $ | (0.08 | ) | $ | (4.29 | ) | $ | (3.58 | ) | $ | (0.08 | ) | $ | (3.66 | ) | |||||||
Discontinued operations | 0.15 | — | 0.15 | 0.15 | — | 0.15 | |||||||||||||||||||
$ | (4.06 | ) | $ | (0.08 | ) | $ | (4.14 | ) | $ | (3.43 | ) | $ | (0.08 | ) | $ | (3.51 | ) | ||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
As Previously | Revision and | As Revised | As Previously | Revision and | As Revised | ||||||||||||||||||||
Reported | Co-product | Reported | Co-product | ||||||||||||||||||||||
Reclassification(1) | Reclassification(1) | ||||||||||||||||||||||||
Sales | $ | 1,983 | $ | 37 | $ | 2,020 | $ | 6,153 | $ | 73 | $ | 6,226 | |||||||||||||
Costs applicable to sales | 1,036 | 41 | 1,077 | 3,733 | 83 | 3,816 | |||||||||||||||||||
Amortization | 299 | — | 299 | 981 | — | 981 | |||||||||||||||||||
Reclamation and remediation | 20 | — | 20 | 56 | — | 56 | |||||||||||||||||||
Gross profit | 628 | (4 | ) | 624 | 1,383 | (10 | ) | 1,373 | |||||||||||||||||
Income (loss) from continuing operations(2) | 429 | (10 | ) | 419 | (1,349 | ) | (51 | ) | (1,400 | ) | |||||||||||||||
Income (loss) from discontinued operations(2) | (21 | ) | — | (21 | ) | 53 | — | 53 | |||||||||||||||||
Net income (loss) | $ | 408 | $ | (10 | ) | $ | 398 | $ | (1,296 | ) | $ | (51 | ) | $ | (1,347 | ) | |||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | 0.86 | $ | (0.02 | ) | $ | 0.84 | $ | (2.72 | ) | $ | (0.10 | ) | $ | (2.82 | ) | |||||||||
Discontinued operations | (0.04 | ) | — | (0.04 | ) | 0.11 | — | 0.11 | |||||||||||||||||
$ | 0.82 | $ | (0.02 | ) | $ | 0.8 | $ | (2.61 | ) | $ | (0.10 | ) | $ | (2.71 | ) | ||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | 0.86 | $ | (0.02 | ) | $ | 0.84 | $ | (2.72 | ) | $ | (0.10 | ) | $ | (2.82 | ) | |||||||||
Discontinued operations | (0.04 | ) | — | (0.04 | ) | 0.11 | — | 0.11 | |||||||||||||||||
$ | 0.82 | $ | (0.02 | ) | $ | 0.8 | $ | (2.61 | ) | $ | (0.10 | ) | $ | (2.71 | ) | ||||||||||
Three Months Ended December 31, 2013 | |||||||||||||||||||||||||
As Previously | Revision and | As Revised | |||||||||||||||||||||||
Reported | Co-product | ||||||||||||||||||||||||
Reclassification(1) | |||||||||||||||||||||||||
Sales | $ | 2,169 | $ | 19 | $ | 2,188 | |||||||||||||||||||
Costs applicable to sales | 1,453 | 29 | 1,482 | ||||||||||||||||||||||
Amortization | 381 | — | 381 | ||||||||||||||||||||||
Reclamation and remediation | 25 | — | 25 | ||||||||||||||||||||||
Gross profit | 310 | (10 | ) | 300 | |||||||||||||||||||||
Income (loss) from continuing operations(2) | (1,174 | ) | (21 | ) | (1,195 | ) | |||||||||||||||||||
Income (loss) from discontinued operations(2) | 8 | — | 8 | ||||||||||||||||||||||
Net income (loss) | $ | (1,166 | ) | $ | (21 | ) | $ | (1,187 | ) | ||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Basic: | |||||||||||||||||||||||||
Continuing operations | $ | (2.34 | ) | $ | (0.05 | ) | $ | (2.39 | ) | ||||||||||||||||
Discontinued operations | 0.01 | — | 0.01 | ||||||||||||||||||||||
$ | (2.33 | ) | $ | (0.05 | ) | $ | (2.38 | ) | |||||||||||||||||
Income (loss) per common share | |||||||||||||||||||||||||
Diluted: | |||||||||||||||||||||||||
Continuing operations | $ | (2.34 | ) | $ | (0.05 | ) | $ | (2.39 | ) | ||||||||||||||||
Discontinued operations | 0.01 | — | 0.01 | ||||||||||||||||||||||
$ | (2.33 | ) | $ | (0.05 | ) | $ | (2.38 | ) | |||||||||||||||||
-1 | Refer to Note 2 and Note 4 for information on the revision and segment reclassifications, respectively. | ||||||||||||||||||||||||
(2) | Attributable to Newmont stockholders. | ||||||||||||||||||||||||
Recovered_Sheet1
Revision of Financial Statements - Additional Information (Detail) (USD $) | 0 Months Ended | |
In Millions, unless otherwise specified | Jan. 01, 2011 | Dec. 31, 2013 |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization And Other Non Cash Items [Abstract] | ' | ' |
Overstated deferred tax assets | ' | $143 |
Overstated stockpiles and ore on leach pads, gross | ' | 21 |
Overstated stockpiles and ore on leach pads, net of tax | ' | 14 |
Adjustment to the opening balances of Newmont stockholders equity | $36 | ' |
Recovered_Sheet2
Revision of Financial Statements - Condensed Consolidated Statement of Income (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Sales | $2,188 | $2,020 | $2,018 | $2,188 | $2,503 | $2,505 | $2,250 | $2,706 | $4,206 | $6,226 | $8,414 | $9,964 | $10,441 | |||||||||||
Costs applicable to sales | 1,482 | 1,078 | 1,682 | 1,057 | ' | ' | ' | ' | 2,739 | 3,816 | 5,299 | [1] | 4,334 | [1] | 3,973 | [1] | ||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,606 | [2] | 3,114 | 1,810 | [3] | |||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 755 | -876 | -747 | |||||||||||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,795 | 2,111 | 938 | |||||||||||
Net loss (income) attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 261 | -309 | -606 | |||||||||||
Net income (loss) attributable to Newmont stockholders | -1,187 | [4] | 398 | [4] | -2,059 | [4] | 314 | [4] | 666 | [4] | 368 | [4] | 280 | [4] | 488 | [4] | -1,745 | -1,347 | -2,534 | 1,802 | 332 | |||
Income (loss) per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Basic | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.75 | $0.56 | $0.99 | ($3.51) | ($2.71) | ($5.09) | $3.64 | $0.67 | |||||||||||
Diluted | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.74 | $0.56 | $0.97 | ($3.51) | ($2.71) | ($5.09) | $3.61 | $0.66 | |||||||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | 2,169 | 1,983 | 1,993 | 2,177 | ' | ' | ' | ' | 4,170 | 6,153 | 8,322 | 9,868 | 10,358 | |||||||||||
Costs applicable to sales | 1,453 | 1,036 | 1,653 | 1,044 | ' | ' | ' | ' | 2,697 | 3,733 | 5,186 | 4,238 | 3,890 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,585 | 3,114 | 1,810 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 813 | -869 | -713 | |||||||||||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,716 | 2,118 | 972 | |||||||||||
Net loss (income) attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 254 | ' | ' | |||||||||||
Net income (loss) attributable to Newmont stockholders | -1,166 | 408 | -2,019 | 315 | ' | ' | ' | ' | -1,704 | -1,296 | -2,462 | 1,809 | 366 | |||||||||||
Income (loss) per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Basic | ($2.33) | $0.82 | ($4.06) | $0.63 | ' | ' | ' | ' | ($3.43) | ($2.61) | ($4.94) | $3.65 | $0.74 | |||||||||||
Diluted | ($2.33) | $0.82 | ($4.06) | $0.63 | ' | ' | ' | ' | ($3.43) | ($2.61) | ($4.94) | $3.63 | $0.73 | |||||||||||
Co-Product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | [5] | 96 | [5] | 83 | [5] | ||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | [5] | 96 | [5] | 83 | [5] | ||||||||
Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | 11 | [6] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Costs applicable to sales | ' | ' | ' | 13 | [6] | ' | ' | ' | ' | ' | ' | 21 | ' | ' | ||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -21 | ' | ' | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -58 | -7 | -34 | |||||||||||
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -79 | -7 | -34 | |||||||||||
Net loss (income) attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | ' | ' | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ($1) | [6] | ' | ' | ' | ' | ' | ' | ($72) | ($7) | ($34) | ||||||||||
Income (loss) per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.15) | ($0.01) | ($0.07) | |||||||||||
Diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.15) | ($0.02) | ($0.07) | |||||||||||
[1] | Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||
[2] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | |||||||||||||||||||||||
[3] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | |||||||||||||||||||||||
[4] | Attributable to Newmont stockholders. | |||||||||||||||||||||||
[5] | Refer to Note 4 for information on the segment reclassifications. | |||||||||||||||||||||||
[6] | Refer to Note 2 and Note 4 for information on the revision and segment reclassifications, respectively. |
Revision_of_Financial_Statemen2
Revision of Financial Statements - Condensed Consolidated Statement of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income | ($2,795) | $2,111 | $938 |
Deferred income taxes | -1,256 | 22 | -637 |
Net changes in operating assets and liabilities | -1,086 | -1,073 | -311 |
Net cash provided from continuing operations | 1,561 | 2,388 | 3,591 |
As Previously Reported [Member] | ' | ' | ' |
Net income | -2,716 | 2,118 | 972 |
Deferred income taxes | -1,314 | 15 | -671 |
Net changes in operating assets and liabilities | -1,107 | ' | ' |
Net cash provided from continuing operations | 1,561 | 2,388 | 3,591 |
Revision and Co-product Reclassification [Member] | ' | ' | ' |
Net income | -79 | -7 | -34 |
Deferred income taxes | 58 | 7 | 34 |
Net changes in operating assets and liabilities | $21 | ' | ' |
Revision_of_Financial_Statemen3
Revision of Financial Statements - Condensed Consolidated Balance Sheet (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
In Millions, unless otherwise specified | ||||||
Stockpiles and ore on leach pads | $3,485 | [1] | ' | ' | ' | |
Deferred income tax assets | 1,724 | [2] | 599 | [2] | ' | ' |
Total Assets | 24,607 | 29,573 | 26,041 | ' | ||
Employee-related benefits | 323 | 586 | ' | ' | ||
Total liabilities | 11,698 | 12,702 | ' | ' | ||
Additional paid-in capital | 8,538 | 8,427 | ' | ' | ||
Retained earnings | 848 | 3,992 | ' | ' | ||
Newmont stockholders' equity | 9,993 | 13,696 | ' | ' | ||
Noncontrolling interests | 2,916 | 3,175 | ' | ' | ||
Total equity | 12,909 | 16,871 | 15,701 | 15,680 | ||
Total liabilities and equity | 24,607 | 29,573 | ' | ' | ||
As Previously Reported [Member] | ' | ' | ' | ' | ||
Stockpiles and ore on leach pads | 3,506 | [1] | ' | ' | ' | |
Deferred income tax assets | 1,860 | [2] | 676 | [2] | ' | ' |
Total Assets | 24,764 | 29,650 | ' | ' | ||
Employee-related benefits | 325 | ' | ' | ' | ||
Total liabilities | 11,700 | ' | ' | ' | ||
Additional paid-in capital | 8,441 | 8,330 | ' | ' | ||
Retained earnings | 1,093 | 4,166 | ' | ' | ||
Newmont stockholders' equity | 10,141 | 13,773 | ' | ' | ||
Noncontrolling interests | 2,923 | ' | ' | ' | ||
Total equity | 13,064 | 16,948 | ' | ' | ||
Total liabilities and equity | 24,764 | 29,650 | ' | ' | ||
Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ||
Stockpiles and ore on leach pads | -21 | [1] | ' | ' | ' | |
Deferred income tax assets | -136 | [2] | -77 | [2] | ' | ' |
Total Assets | -157 | -77 | ' | ' | ||
Employee-related benefits | -2 | ' | ' | ' | ||
Total liabilities | -2 | ' | ' | ' | ||
Additional paid-in capital | 97 | 97 | ' | ' | ||
Retained earnings | -245 | -174 | ' | ' | ||
Newmont stockholders' equity | -148 | -77 | ' | ' | ||
Noncontrolling interests | -7 | ' | ' | ' | ||
Total equity | -155 | -77 | ' | ' | ||
Total liabilities and equity | ($157) | ($77) | ' | ' | ||
[1] | Includes current and noncurrent stockpiles and ore on leach pads. | |||||
[2] | Includes current and noncurrent deferred tax assets. |
Recovered_Sheet3
Summary of Significant Accounting Policies (Detail) (CAD) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Summary of Significant Accounting Policies (Textuals) | ' |
Credit facility drawn down | 15 |
TMAC [Member] | ' |
Summary of Significant Accounting Policies (Textuals) | ' |
Ownership/Economic interest in subsidiaries | 70.40% |
VIE ownership interest percent | 49.90% |
Segment_Information_Financial_
Segment Information - Financial Information of Company's Segments (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | $2,188 | $2,020 | $2,018 | $2,188 | $2,503 | $2,505 | $2,250 | $2,706 | $4,206 | $6,226 | $8,414 | $9,964 | $10,441 | |||
Costs applicable to sales | 1,482 | 1,078 | 1,682 | 1,057 | ' | ' | ' | ' | 2,739 | 3,816 | 5,299 | [1] | 4,334 | [1] | 3,973 | [1] |
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | 1,362 | 1,032 | 1,036 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 469 | 704 | 723 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,606 | [2] | 3,114 | 1,810 | [3] | |
Total Assets | 24,607 | ' | ' | ' | 29,573 | ' | ' | ' | ' | ' | 24,607 | 29,573 | 26,041 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,799 | [4] | 3,152 | [5] | 2,964 | [6] |
Carlin [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,390 | 1,828 | 1,488 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 767 | 767 | 715 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 142 | 137 | 149 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34 | 47 | 41 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 440 | [2] | 845 | 565 | [3] | |
Total Assets | 2,424 | ' | ' | ' | 2,236 | ' | ' | ' | ' | ' | 2,424 | 2,236 | 1,665 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 237 | [4] | 336 | [5] | 268 | [6] |
Phoenix [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 387 | 401 | 446 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 216 | 171 | 144 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43 | 31 | 35 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 21 | 16 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101 | [2] | 179 | 239 | [3] | |
Total Assets | 1,022 | ' | ' | ' | 908 | ' | ' | ' | ' | ' | 1,022 | 908 | 799 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120 | [4] | 139 | [5] | 110 | [6] |
Phoenix [Member] | Copper [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | 96 | 83 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52 | 60 | 44 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 9 | 8 | |||
Phoenix [Member] | Gold [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295 | 305 | 363 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 164 | 111 | 100 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 22 | 27 | |||
Twin Creeks [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 728 | 718 | 849 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 273 | 256 | 263 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80 | 61 | 93 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 30 | 46 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 364 | [2] | 392 | 438 | [3] | |
Total Assets | 847 | ' | ' | ' | 805 | ' | ' | ' | ' | ' | 847 | 805 | 1,008 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 67 | [4] | 131 | [5] | 89 | [6] |
La Herradura [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 258 | 354 | 331 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 177 | 132 | 110 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34 | 21 | 20 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42 | 41 | 18 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | [2] | 157 | 190 | [3] | |
Total Assets | 434 | ' | ' | ' | 438 | ' | ' | ' | ' | ' | 434 | 438 | 329 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102 | [4] | 89 | [5] | 81 | [6] |
Other North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42 | 40 | 32 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,131 | [2] | -44 | 13 | [3] | |
Total Assets | 1,541 | ' | ' | ' | 3,615 | ' | ' | ' | ' | ' | 1,541 | 3,615 | 3,545 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27 | [4] | 71 | [5] | 92 | [6] |
North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,763 | 3,301 | 3,114 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,433 | 1,326 | 1,232 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 299 | 251 | 297 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135 | 179 | 153 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,221 | [2] | 1,529 | 1,445 | [3] | |
Total Assets | 6,268 | ' | ' | ' | 8,002 | ' | ' | ' | ' | ' | 6,268 | 8,002 | 7,346 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 553 | [4] | 766 | [5] | 640 | [6] |
Minera Yanacocha [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,458 | 2,202 | 2,003 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 684 | 669 | 711 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 333 | 254 | 234 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 59 | 39 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 292 | [2] | 1,100 | 988 | [3] | |
Total Assets | 2,797 | ' | ' | ' | 2,921 | ' | ' | ' | ' | ' | 2,797 | 2,921 | 2,696 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 176 | [4] | 510 | [5] | 360 | [6] |
Other South America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34 | 72 | 39 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -32 | [2] | -91 | -42 | [3] | |
Total Assets | 1,731 | ' | ' | ' | 1,650 | ' | ' | ' | ' | ' | 1,731 | 1,650 | 1,101 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 190 | [4] | 601 | [5] | 739 | [6] |
South America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,458 | 2,202 | 2,003 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 684 | 669 | 711 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 334 | 254 | 234 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75 | 131 | 78 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 260 | [2] | 1,009 | 946 | [3] | |
Total Assets | 4,528 | ' | ' | ' | 4,571 | ' | ' | ' | ' | ' | 4,528 | 4,571 | 3,797 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 366 | [4] | 1,111 | [5] | 1,099 | [6] |
Boddington [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,249 | 1,408 | 1,266 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | 773 | 588 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 202 | 193 | 150 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 8 | 11 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,056 | [2] | 407 | 506 | [3] | |
Total Assets | 2,209 | ' | ' | ' | 4,629 | ' | ' | ' | ' | ' | 2,209 | 4,629 | 4,586 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 113 | [4] | 141 | [5] | 217 | [6] |
Boddington [Member] | Copper [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 211 | 224 | 210 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 195 | 150 | 118 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37 | 34 | 28 | |||
Boddington [Member] | Gold [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,038 | 1,184 | 1,056 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 805 | 623 | 470 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 165 | 159 | 122 | |||
Tanami [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 449 | 302 | 346 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 270 | 250 | 205 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81 | 50 | 40 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 28 | 15 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -33 | [2] | -24 | 81 | [3] | |
Total Assets | 518 | ' | ' | ' | 632 | ' | ' | ' | ' | ' | 518 | 632 | 484 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93 | [4] | 179 | [5] | 144 | [6] |
Jundee [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 398 | 537 | 530 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 206 | 172 | 140 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80 | 50 | 56 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 20 | 18 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106 | [2] | 292 | 310 | [3] | |
Total Assets | 140 | ' | ' | ' | 202 | ' | ' | ' | ' | ' | 140 | 202 | 178 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45 | [4] | 58 | [5] | 53 | [6] |
Waihi [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 157 | 104 | 149 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103 | 97 | 101 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 23 | 22 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | 12 | 15 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | [2] | -33 | 15 | [3] | |
Total Assets | 127 | ' | ' | ' | 160 | ' | ' | ' | ' | ' | 127 | 160 | 169 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | [4] | 19 | [5] | 32 | [6] |
Kalgoorlie [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 460 | 569 | 588 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 342 | 277 | 235 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 18 | 17 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 5 | 3 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96 | [2] | 255 | 324 | [3] | |
Total Assets | 375 | ' | ' | ' | 447 | ' | ' | ' | ' | ' | 375 | 447 | 423 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19 | [4] | 21 | [5] | 65 | [6] |
Other Australia New Zealand [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 5 | 3 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 19 | 18 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -39 | [2] | 86 | -69 | [3] | |
Total Assets | 136 | ' | ' | ' | 235 | ' | ' | ' | ' | ' | 136 | 235 | 168 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | [4] | 19 | [5] | 18 | [6] |
Australia/New Zealand [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,713 | 2,920 | 2,879 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,921 | 1,569 | 1,269 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 431 | 339 | 288 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40 | 92 | 80 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,911 | [2] | 983 | 1,167 | [3] | |
Total Assets | 3,505 | ' | ' | ' | 6,305 | ' | ' | ' | ' | ' | 3,505 | 6,305 | 6,008 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 286 | [4] | 437 | [5] | 529 | [6] |
Batu Hijau [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 523 | 667 | 1,576 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 922 | 456 | 496 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 185 | 88 | 106 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 32 | 8 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -658 | [2] | 8 | 890 | [3] | |
Total Assets | 3,424 | ' | ' | ' | 3,777 | ' | ' | ' | ' | ' | 3,424 | 3,777 | 3,582 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105 | [4] | 148 | [5] | 196 | [6] |
Batu Hijau [Member] | Copper [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 466 | 561 | 1,052 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 815 | 385 | 332 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163 | 76 | 71 | |||
Batu Hijau [Member] | Gold [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57 | 106 | 524 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 107 | 71 | 164 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 12 | 35 | |||
Other Indonesia [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | [2] | 3 | 3 | [3] | |
Total Assets | 3 | ' | ' | ' | 4 | ' | ' | ' | ' | ' | 3 | 4 | 3 | |||
Indonesia [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 523 | 667 | 1,576 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 922 | 456 | 496 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 185 | 88 | 106 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 32 | 8 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -656 | [2] | 11 | 893 | [3] | |
Total Assets | 3,427 | ' | ' | ' | 3,781 | ' | ' | ' | ' | ' | 3,427 | 3,781 | 3,585 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105 | [4] | 148 | [5] | 196 | [6] |
Ahafo [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 793 | 874 | 869 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 307 | 314 | 265 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 75 | 76 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51 | 53 | 40 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 344 | [2] | 435 | 465 | [3] | |
Total Assets | 1,628 | ' | ' | ' | 1,436 | ' | ' | ' | ' | ' | 1,628 | 1,436 | 1,146 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 169 | [4] | 228 | [5] | 116 | [6] |
Akyem [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 164 | ' | ' | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 | ' | ' | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 | 19 | 9 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105 | [2] | -20 | -10 | [3] | |
Total Assets | 1,260 | ' | ' | ' | 981 | ' | ' | ' | ' | ' | 1,260 | 981 | 552 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 236 | [4] | 388 | [5] | 248 | [6] |
Other Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 10 | 6 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14 | [2] | 10 | 7 | [3] | |
Total Assets | 1 | ' | ' | ' | 11 | ' | ' | ' | ' | ' | 1 | 11 | ' | |||
Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 957 | 874 | 869 | |||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 339 | 314 | 265 | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91 | 75 | 76 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68 | 82 | 55 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 435 | [2] | 425 | 462 | [3] | |
Total Assets | 2,889 | ' | ' | ' | 2,428 | ' | ' | ' | ' | ' | 2,889 | 2,428 | 1,698 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 405 | [4] | 616 | [5] | 364 | [6] |
Corporate and Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 25 | 35 | |||
Advanced Projects and Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 137 | 188 | 349 | |||
Pre-Tax Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -513 | [2] | -843 | -3,103 | [3] | |
Total Assets | 3,990 | ' | ' | ' | 4,486 | ' | ' | ' | ' | ' | 3,990 | 4,486 | 3,607 | |||
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $84 | [4] | $74 | [5] | $136 | [6] |
[1] | Excludes Amortization and Reclamation and remediation. | |||||||||||||||
[2] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | |||||||||||||||
[3] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | |||||||||||||||
[4] | Accrual basis includes an increase in accrued capital expenditures of $101; consolidated capital expenditures on a cash basis were $1,900. | |||||||||||||||
[5] | Accrual basis includes an increase in accrued capital expenditures of $58; consolidated capital expenditures on a cash basis were $3,210. | |||||||||||||||
[6] | Accrual basis includes an increase in accrued capital expenditures of $177; consolidated capital expenditures on a cash basis were $2,787. |
Segment_Information_Financial_1
Segment Information - Financial Information of Company's Segments (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Write-downs | $4,352 | $52 | $2,084 |
Change in accrued capital expenditures | 101 | 58 | 177 |
Consolidated capital expenditures on a cash basis | 1,900 | 3,210 | 2,787 |
Property Plant And Mine Development [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Write-downs | 4,265 | 52 | 2,084 |
Boddington [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Write-downs | 2,107 | ' | ' |
Nevada [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Write-downs | 2,082 | ' | ' |
Hope Bay [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Write-downs | ' | ' | $2,080 |
Segment_Information_Revenue_fr
Segment Information - Revenue from Sales (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | $8,414 | $9,964 | $10,441 |
United Kingdom [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 6,373 | 7,943 | 7,510 |
Germany [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 324 | 266 | 304 |
Japan [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 376 | 435 | 549 |
Korea [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 360 | 331 | 712 |
Indonesia [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 130 | 67 | 531 |
Mexico [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 258 | 357 | 331 |
Philippines [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | 242 | 225 | 287 |
Other Countries [Member] | ' | ' | ' |
Revenues from export and domestic sales [Abstract] | ' | ' | ' |
Revenues | $351 | $340 | $217 |
Segment_Information_Additional
Segment Information - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Information (Textuals) [Abstract] | ' | ' | ' |
Revenues by customer | $8,414 | $9,964 | $10,441 |
Bank Of Nova Scotia [Member] | ' | ' | ' |
Segment Information (Textuals) [Abstract] | ' | ' | ' |
Revenues by customer | 1,787 | 802 | 1,143 |
Percentage of sales by customer | 23.00% | 9.00% | 13.00% |
Royal Bank Of Scotland [Member] | ' | ' | ' |
Segment Information (Textuals) [Abstract] | ' | ' | ' |
Revenues by customer | 0 | 1,449 | 2,048 |
Percentage of sales by customer | 0.00% | 16.00% | 23.00% |
Barclays [Member] | ' | ' | ' |
Segment Information (Textuals) [Abstract] | ' | ' | ' |
Revenues by customer | $1,338 | $1,022 | ' |
Percentage of sales by customer | 17.00% | 11.00% | ' |
Segment_Information_Longlived_
Segment Information - Long-lived Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Long-lived assets | ' | ' |
Long-Lived Assets | $17,706 | $21,688 |
United States [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | 5,481 | 7,252 |
Australia [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | 2,895 | 5,510 |
Peru [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | 3,597 | 3,592 |
Indonesia [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | 2,782 | 2,719 |
Ghana [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | 2,440 | 2,189 |
Other Countries [Member] | ' | ' |
Long-lived assets | ' | ' |
Long-Lived Assets | $511 | $426 |
Reclamation_and_Remediation_De
Reclamation and Remediation (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation | ' | ' | ' | ' | ' | ' | $11 | $32 | $61 |
Accretion | ' | ' | ' | ' | ' | ' | 70 | 64 | ' |
Reclamation and remediation expense, total | 25 | 20 | 18 | 18 | 36 | 56 | 81 | 96 | 120 |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | ' | 1,539 | 1,539 | 1,539 | 1,539 | 1,240 | ' |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | 61 | 308 | ' |
Liabilities settled | ' | ' | ' | ' | ' | ' | -59 | -73 | ' |
Accretion expense | ' | ' | ' | ' | ' | ' | 70 | 64 | ' |
Balance at end of period | 1,611 | ' | ' | ' | ' | ' | 1,611 | 1,539 | 1,240 |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligation | 1,611 | ' | ' | ' | ' | ' | 1,611 | 1,539 | 1,240 |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | 61 | 308 | ' |
Current portion of reclamation and remediation liabilities | 98 | ' | ' | ' | ' | ' | 98 | 82 | ' |
Restricted Cash [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset retirement obligation restricted assets | 11 | ' | ' | ' | ' | ' | 11 | 12 | ' |
Trust Funds [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset retirement obligation restricted assets | 42 | ' | ' | ' | ' | ' | 42 | 42 | ' |
Marketable Equity Securities Long-Term [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset retirement obligation restricted assets | 17 | ' | ' | ' | ' | ' | 17 | 16 | ' |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion | ' | ' | ' | ' | ' | ' | 61 | 55 | 50 |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | ' | 1,341 | 1,341 | 1,341 | 1,341 | ' | ' |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | 48 | 245 | ' |
Accretion expense | ' | ' | ' | ' | ' | ' | 61 | 55 | 50 |
Balance at end of period | 1,432 | ' | ' | ' | ' | ' | 1,432 | 1,341 | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligation | 1,432 | ' | ' | ' | ' | ' | 1,432 | 1,341 | ' |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | 48 | 245 | ' |
Nonoperating [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclamation And Remediation Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion | ' | ' | ' | ' | ' | ' | 9 | 9 | 9 |
Reconciliation of Reclamation and Remediation Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at beginning of period | ' | ' | ' | 198 | 198 | 198 | 198 | ' | ' |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | 13 | 63 | ' |
Accretion expense | ' | ' | ' | ' | ' | ' | 9 | 9 | 9 |
Balance at end of period | 179 | ' | ' | ' | ' | ' | 179 | 198 | ' |
Reclamation And Remediation (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligation | 179 | ' | ' | ' | ' | ' | 179 | 198 | ' |
Additions, changes in estimates and other | ' | ' | ' | ' | ' | ' | $13 | $63 | ' |
WriteDowns_Detail
Write-Downs (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | $4,352 | $52 | $2,084 |
Goodwill | 132 | 188 | ' |
Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 4,265 | 52 | 2,084 |
Other Long-Term Assets [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 87 | ' | ' |
Carlin [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | ' | ' | 2 |
Other North America [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 2,082 | 25 | ' |
Minera Yanacocha [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 8 | ' | 1 |
Other South America [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | ' | 17 | ' |
Boddington [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 2,107 | ' | ' |
Boddington [Member] | Other Long-Term Assets [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 31 | ' | ' |
Tanami [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 67 | ' | ' |
Tanami [Member] | Other Long-Term Assets [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 56 | ' | ' |
Kalgoorlie [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | ' | 5 | ' |
Batu Hijau [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | 1 | 5 | 1 |
Corporate and Other [Member] | Property Plant And Mine Development [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | ' | ' | 2,080 |
Other Australia New Zealand [Member] | Other Long-Term Assets [Member] | ' | ' | ' |
Write-downs [Line Items] | ' | ' | ' |
Write-downs | $56 | ' | ' |
Other_Expense_Net_Other_Expens
Other Expense, Net - Other Expense, Net (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Expense Net [Abstract] | ' | ' | ' |
Community development | $84 | $95 | $67 |
Restructuring and other | 67 | 58 | ' |
Regional administration | 59 | 88 | 78 |
Transaction/Acquisition costs | 27 | 12 | 22 |
Western Australia power plant | 19 | 13 | 15 |
World Gold Council dues | 5 | 11 | 7 |
Hope Bay care and maintenance | ' | 144 | 17 |
Indonesian value added tax settlement | ' | ' | 21 |
Other | 39 | 28 | 38 |
Other expense, total | $300 | $449 | $265 |
Other_Income_Net_Other_Income_
Other Income, Net - Other Income, Net (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Income Net [Abstract] | ' | ' | ' |
Gain on sale of investments, net | $280 | $2 | $64 |
Foreign currency exchange, net | 59 | -5 | -4 |
Canadian Oil Sands dividends | 35 | 42 | 34 |
Refinery income, net | 32 | 27 | 27 |
Interest | 13 | 12 | 11 |
Development projects, net | 9 | 66 | 42 |
Gain on asset sales, net | 6 | 105 | 17 |
Reduction of allowance for loan receivable | ' | 49 | ' |
Derivative ineffectiveness, net | ' | 2 | -17 |
Impairment of marketable securities | -105 | -47 | -180 |
Other | 20 | 25 | 18 |
Total | $349 | $278 | $12 |
Income_and_Mining_Tax_Benefit_
Income and Mining Tax Benefit (Expense) (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' |
Current: United States | ($129) | ($210) | ($346) |
Current: Foreign | -372 | -644 | -1,038 |
Current income taxes | -501 | -854 | -1,384 |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' |
Deferred: United States | 805 | 100 | 151 |
Deferred: Foreign | 451 | -122 | 486 |
Deferred income taxes | 1,256 | -22 | 637 |
Income tax expense | $755 | ($876) | ($747) |
Income_Before_Income_and_Minin
Income Before Income and Mining Tax and Other Items (Detail) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Income From Continuing Operations Before Income and Mining Tax Expense and Other Items [Abstract] | ' | ' | ' | ||
United States | ($1,625) | $1,036 | $878 | ||
Foreign | -1,981 | 2,078 | 932 | ||
Income (loss) before income and mining tax and other items | ($3,606) | [1] | $3,114 | $1,810 | [2] |
[1] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | ||||
[2] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. |
Income_and_Mining_Taxes_Income
Income and Mining Taxes - Income and Mining Tax Expense Reconciliation (Detail) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation Abstract | ' | ' | ' | ||
Income before income and mining tax and other items | ($3,606) | [1] | $3,114 | $1,810 | [2] |
United States statutory corporate income tax rate | 35.00% | 35.00% | 35.00% | ||
Income tax (expense) benefit computed at United States statutory corporate income tax rate | 1,262 | -1,090 | -634 | ||
Tax benefit generated on change in form of a non-U.S. subsidiary | ' | 694 | 65 | ||
Percentage depletion | 134 | 267 | 172 | ||
Change in valuation allowance on deferred tax assets | -665 | -716 | -263 | ||
Tax planning on sale of Canadian Oil Sands | 61 | ' | ' | ||
Effect of foreign earnings, net of credits | -19 | 6 | -69 | ||
Other | -35 | 40 | 24 | ||
Income and mining tax benefit (expense) | 755 | -876 | -747 | ||
Nevada Net Proceeds Tax [Member] | ' | ' | ' | ||
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation Abstract | ' | ' | ' | ||
State Tax differential | -45 | -77 | -42 | ||
Long Canyon And Northumberland Asset Impairment [Member] | ' | ' | ' | ||
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation Abstract | ' | ' | ' | ||
State Tax differential | $62 | ' | ' | ||
[1] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | ||||
[2] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. |
Income_and_Mining_Taxes_Additi
Income and Mining Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | |||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 31, 2008 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Long Canyon And Northumberland Asset Impairment [Member] | Us Capital Loss Carry Over [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Foreign Country [Member] | Foreign Country [Member] | Foreign Tax Credits In Equity [Member] | Foreign Tax Credits In Equity [Member] | Alternative Minimum Tax Credits [Member] | Alternative Minimum Tax Credits [Member] | ||||
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets Valuation Allowance | $2,724 | $1,626 | ' | ' | $605 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | 1,098 | ' | ' | 605 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred: United States | 805 | 100 | 151 | -791 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation Abstract | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Blended Federal State Statutory Rate | 38.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets Valuation Allowance | 2,724 | 1,626 | ' | ' | 605 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | 1,098 | ' | ' | 605 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sale of investments | 280 | 2 | 64 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sale of investments, tax | 37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 77 | 120 | 137 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additions for tax positions of prior years | 19 | 81 | 160 | ' | ' | 10 | 119 | ' | ' | ' | ' | ' | ' | ' |
Interest, refunds, or penalties released | ' | ' | ' | ' | ' | 10 | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax receivable | 229 | 76 | ' | ' | ' | ' | ' | 119 | ' | ' | ' | ' | ' | ' |
Net unrecognized income tax liability, decrease in next 12 month, minimum | -5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrecognized income tax liability, decrease in next 12 month, maximum | -10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued income-tax-related interest and penalties | 12 | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income-tax-related interest and penalties accrued through the Statements of Consolidated Income | 2 | 4 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 875 | 741 | ' | ' | ' | ' | ' | ' | 357 | 281 | ' | ' | ' | ' |
Tax Credit Carryforward Amount | $492 | $405 | ' | ' | ' | ' | ' | ' | ' | ' | $296 | $249 | $196 | $156 |
Income_and_Mining_Taxes_Deferr
Income and Mining Taxes - Deferred Income Tax Assets (Liabilities) (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Deferred Tax Assets Liabilities Net Abstract | ' | ' |
Current deferred income tax assets | $246 | $195 |
Long-term deferred income tax assets | 1,478 | 404 |
Current deferred income tax liabilities | -74 | -65 |
Long-term deferred income tax liabilities | -635 | -858 |
Net deferred income tax assets (liabilities) | 1,015 | -324 |
Deferred Income Tax Assets [Abstract] | ' | ' |
Property, plant and mine development | 1,554 | 621 |
Reclamation and remediation | 314 | 306 |
Net operating losses, capital losses and tax credits | 2,003 | 1,933 |
Investment in partnerships | 224 | 281 |
Employee-related benefits | 231 | 280 |
Derivative instruments and unrealized loss on investments | 319 | 145 |
Other | 289 | 148 |
Deferred tax assets gross | 4,934 | 3,714 |
Valuation allowances | -2,724 | -1,626 |
Deferred tax assets net | 2,210 | 2,088 |
Deferred Income Tax Liabilties [Abstract] | ' | ' |
Property, plant and mine development | -629 | -1,724 |
Reclamation and remediation | -7 | ' |
Net undistributed earnings of subsidiaries | -406 | -301 |
Derivative instruments and unrealized gain on investments | -79 | -217 |
Other | -74 | -170 |
Deferred tax liabilities | -1,195 | -2,412 |
Net deferred income tax assets (liabilities) | $1,015 | ($324) |
Income_and_Mining_Taxes_Reconc
Income and Mining Taxes - Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward | ' | ' | ' |
Total amount of gross unrecognized tax benefits at beginning of year | $391 | $336 | $116 |
Additions for tax positions of prior years | 19 | 81 | 160 |
Additions for tax positions of current year | ' | ' | 64 |
Reductions due to settlements with taxing authorities | -75 | -5 | ' |
Reductions due to lapse of statute of limitations | -15 | -21 | -4 |
Total amount of gross unrecognized tax benefits at end of year | $320 | $391 | $336 |
Recovered_Sheet4
Equity Income (Loss) of Affiliates (Detail) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 |
Minera La Zanja S.R.L. | Minera La Zanja S.R.L. | Minera La Zanja S.R.L. | Euronimba Ltd. | Euronimba Ltd. | Euronimba Ltd. | Bhp Billiton [Member] | Areva [Member] | Novo Resources Corporation | Novo Resources Corporation | Nimba Project [Member] | ||||
Equity Method Investment Financial Statement Reported Amounts [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity income (loss) of affiliates | ($5) | ($51) | $11 | $19 | $18 | $52 | ($25) | ($69) | ($41) | ' | ' | $1 | ' | ' |
Equity Income Loss of Affiliates (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Newmont equity interest ownership | ' | ' | ' | 46.94% | ' | ' | 43.50% | ' | ' | ' | ' | 32.00% | 35.70% | 95.00% |
Equity investment remaining ownership interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43.50% | 13.00% | ' | ' | ' |
Payments To Acquire Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $16 | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Discontinued Operations (Textuals) | ' | ' | ' |
Income (loss) from discontinued operations | $61 | ($76) | ($136) |
Loss from discontinued operations, income tax benefit | 28 | -4 | -7 |
Net cash provided from (used in) discontinued operations | ($18) | ($16) | ($7) |
Recovered_Sheet5
Net Income (Loss) Attributable to Noncontrolling Interests (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Minority Interest [Line Items] | ' | ' | ' |
Net income (loss) attributable to noncontrolling interests | ($261) | $309 | $606 |
Minera Yanacocha [Member] | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' |
Net income (loss) attributable to noncontrolling interests | 68 | 305 | 326 |
Net Income Attributable to Noncontrolling Interests (Textuals) [Abstract] | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 51.35% | ' | ' |
Batu Hijau [Member] | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' |
Net income (loss) attributable to noncontrolling interests | -320 | -2 | 287 |
Net Income Attributable to Noncontrolling Interests (Textuals) [Abstract] | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 48.50% | ' | ' |
TMAC [Member] | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' |
Net income (loss) attributable to noncontrolling interests | -18 | 0 | 0 |
Net Income Attributable to Noncontrolling Interests (Textuals) [Abstract] | ' | ' | ' |
Ownership/Economic interest in subsidiaries | 70.40% | ' | ' |
Other Noncontrolling Interest [Member] | ' | ' | ' |
Minority Interest [Line Items] | ' | ' | ' |
Net income (loss) attributable to noncontrolling interests | $9 | $6 | ($7) |
Compania de Minas Buenaventura SAA [Member] | ' | ' | ' |
Net Income Attributable to Noncontrolling Interests (Textuals) [Abstract] | ' | ' | ' |
Noncontrolling interest, ownership percentage by noncontrolling owners | 43.65% | ' | ' |
International Finance Corporation [Member] | ' | ' | ' |
Net Income Attributable to Noncontrolling Interests (Textuals) [Abstract] | ' | ' | ' |
Noncontrolling interest, ownership percentage by noncontrolling owners | 5.00% | ' | ' |
Newmont_Equity_and_Income_Loss
Newmont Equity and Income (Loss) Per Share (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 28, 2002 | |||||||||||
Earning Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Exchange ratio per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.8 | ||||||||||
Income Per Common Share (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Converted Exchangeable Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ||||||||||
New Exchangeable Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,900,000 | ' | ' | ' | ||||||||||
Anti-dilutive shares - stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | 2,000,000 | 2,000,000 | ' | ||||||||||
Options to purchase common shares average exercise price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $48 | $58 | $58 | ' | ||||||||||
Convertible notes | 1,150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,150,000,000 | ' | ' | ' | ||||||||||
Anti-dilutive shares - convertible notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3,000,000 | 8,000,000 | ' | ||||||||||
Payment of conversion premium on debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 172,000,000 | ' | ' | ||||||||||
Earnings per share reconciliation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Continuing operations | -1,195,000,000 | [1] | 419,000,000 | [1] | -2,133,000,000 | [1] | 314,000,000 | [1] | 638,000,000 | [1] | 401,000,000 | [1] | 280,000,000 | [1] | 559,000,000 | [1] | -1,819,000,000 | [1] | -1,400,000,000 | [1] | -2,595,000,000 | 1,878,000,000 | 468,000,000 | ' |
Discontinued operations | 8,000,000 | [1] | -21,000,000 | [1] | 74,000,000 | [1] | ' | 28,000,000 | [1] | -33,000,000 | [1] | ' | -71,000,000 | [1] | 74,000,000 | [1] | 53,000,000 | [1] | 61,000,000 | -76,000,000 | -136,000,000 | ' | ||
Net income attributable to Newmont common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($2,534,000,000) | $1,802,000,000 | $332,000,000 | ' | ||||||||||
Weighted average common shares (millions): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Basic | 498,000,000 | 498,000,000 | 497,000,000 | 497,000,000 | 497,000,000 | 496,000,000 | 496,000,000 | 495,000,000 | ' | ' | 498,000,000 | 496,000,000 | 494,000,000 | ' | ||||||||||
Effect of employee stock based awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 2,000,000 | ' | ||||||||||
Effect of convertible notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3,000,000 | 8,000,000 | ' | ||||||||||
Diluted | 498,000,000 | 498,000,000 | 497,000,000 | 498,000,000 | 499,000,000 | 499,000,000 | 498,000,000 | 504,000,000 | ' | ' | 498,000,000 | 499,000,000 | 504,000,000 | ' | ||||||||||
Net income (loss) attributable to Newmont stockholders per common share, basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Continuing operations | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.82 | $0.56 | $1.13 | ($3.66) | ($2.82) | ($5.21) | $3.79 | $0.95 | ' | ||||||||||
Discontinued operations | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.28) | ' | ||||||||||
Earnings per share basic | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.75 | $0.56 | $0.99 | ($3.51) | ($2.71) | ($5.09) | $3.64 | $0.67 | ' | ||||||||||
Net income (loss) attributable to Newmont stockholders per common share, diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Continuing operations | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.81 | $0.56 | $1.11 | ($3.66) | ($2.82) | ($5.21) | $3.76 | $0.93 | ' | ||||||||||
Discontinued operations | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.27) | ' | ||||||||||
Earnings per share diluted | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.74 | $0.56 | $0.97 | ($3.51) | ($2.71) | ($5.09) | $3.61 | $0.66 | ' | ||||||||||
Strategic stock units [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Income Per Common Share (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Anti-dilutive shares - stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ||||||||||
Convertible Senior Notes Net Of Discount 2014 And 2017 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Income Per Common Share (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Conversion price on convertible notes | $43.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $43.70 | ' | ' | ' | ||||||||||
Convertible notes common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,318,259 | ' | ' | ' | ||||||||||
Conversion price on call spread transaction | $56.99 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $56.99 | ' | ' | ' | ||||||||||
[1] | Attributable to Newmont stockholders. |
Employee_Related_Benefits_Deta
Employee Related Benefits (Detail) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Current employee-related benefits | ' | ' | ' | |
Accrued payroll and withholding taxes | $285 | $256 | ' | |
Peruvian workers' participation | 32 | 45 | ' | |
Employee-related benefits | 10 | 9 | ' | |
Other post-retirement benefit plans | 2 | 2 | ' | |
Accrued severance | 1 | 3 | ' | |
Other employee-related payables | 11 | 24 | ' | |
Employee-related benefits | 341 | 339 | ' | |
Long-term employee-related benefits | ' | ' | ' | |
Employee pension benefits | 67 | 297 | ' | |
Other post-retirement benefit plans | 115 | 130 | ' | |
Accrued severance | 124 | 113 | ' | |
Peruvian workers' participation | ' | 20 | ' | |
Other employee-related payables | 17 | 26 | ' | |
Employee-related benefits | 323 | 586 | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at beginning of year | 638 | ' | ' | |
Employer contributions | 57 | 50 | 29 | |
Fair value of assets at end of year | 681 | 638 | ' | |
Components recognized in Other comprehensive income (loss) | ' | ' | ' | |
Amortization, net | 5 | [1] | ' | ' |
Defined Benefit Plan (Textuals) | ' | ' | ' | |
Actual return on plan assets | 9.00% | ' | ' | |
Assumed health care cost trend rate for next fiscal year | 7.40% | ' | ' | |
Assumed ultimate health care cost trend rate | 5.00% | ' | ' | |
Year when health care costs reach ultimate trend rate | '2019 | ' | ' | |
Description of direction and pattern of future changes to healthcare costs | 'The assumed health care trend rate used to measure the expected cost of benefits is 7.40% in 2014 and decreases gradually each year to 5.00% in 2019, which is used thereafter. | ' | ' | |
Defined contribution savings plans matching contributions | 14 | 20 | 17 | |
Defined contribution savings plans description | 'When an employee meets eligibility requirements, the Company matches 100% of employee contributions of up to 6% of eligible earnings for the salaried and hourly union plans. The Company makes a contribution between 5.0% and 7.5%, based on continuous years of service, to each Western Nevada hourly employee's retirement contribution account at its sole discretion. | ' | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 681 | 638 | ' | |
One-percentage-point change in assumed health care cost trend rates | ' | ' | ' | |
One-percentage-point increase effect on total of service and interest cost components of net periodic post-retirement health care benefit cost | 2 | ' | ' | |
One-percentage-point increase effect on the health care component of the accumulated post-retirement benefit obligation | 18 | ' | ' | |
One-percentage-point decrease effect on total of service and interest cost components of net periodic post-retirement health care benefit cost | -1 | ' | ' | |
One-percentage-point decrease effect on the health care component of the accumulated post-retirement benefit obligation | -14 | ' | ' | |
Level 1 [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at end of year | 2 | 2 | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 2 | 2 | ' | |
Level 2 [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at end of year | 679 | 636 | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 679 | 636 | ' | |
Fixed Income Funds [Member] | ' | ' | ' | |
Asset allocation | ' | ' | ' | |
Target asset allocation | 49.00% | ' | ' | |
Actual asset allocation | 48.00% | ' | ' | |
Equity Investments [Member] | International Investments [Member] | ' | ' | ' | |
Asset allocation | ' | ' | ' | |
Target asset allocation | 22.00% | ' | ' | |
Actual asset allocation | 22.00% | ' | ' | |
Equity Investments [Member] | U.S. Investments [Member] | ' | ' | ' | |
Asset allocation | ' | ' | ' | |
Target asset allocation | 21.00% | ' | ' | |
Actual asset allocation | 22.00% | ' | ' | |
Commingled Funds [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at beginning of year | 636 | ' | ' | |
Fair value of assets at end of year | 679 | ' | ' | |
Asset allocation | ' | ' | ' | |
Target asset allocation | 8.00% | ' | ' | |
Actual asset allocation | 8.00% | ' | ' | |
Fair value of assets | 679 | ' | ' | |
Commingled Funds [Member] | Level 2 [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at end of year | 679 | 636 | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 679 | 636 | ' | |
Cash and Cash Equivalents [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at end of year | 2 | 2 | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 2 | 2 | ' | |
Cash and Cash Equivalents [Member] | Level 1 [Member] | ' | ' | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at end of year | 2 | 2 | ' | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 2 | 2 | ' | |
Pension Benefit Costs | ' | ' | ' | |
Change in Benefit Obligation: | ' | ' | ' | |
Benefit obligation at beginning of year | 944 | 772 | ' | |
Service cost | 33 | 30 | 25 | |
Interest cost | 40 | 41 | 39 | |
Actuarial (gain) loss | -109 | 136 | ' | |
Amendments | -87 | 0 | ' | |
Foreign currency exchange gain | -8 | -3 | ' | |
Settlement payments | -19 | 0 | ' | |
Benefits paid | -36 | -32 | ' | |
Projected benefit obligation at end of year | 758 | 944 | 772 | |
Accumulated Benefit Obligation | 661 | 780 | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at beginning of year | 638 | 540 | ' | |
Actual return on plan assets | 44 | 81 | ' | |
Employer contributions | 54 | 49 | ' | |
Settlement payments | -19 | 0 | ' | |
Benefits paid | -36 | -32 | ' | |
Fair value of assets at end of year | 681 | 638 | 540 | |
Unfunded status, net | 77 | 306 | ' | |
Pension And Other Postretirement Defined Benefit Plans Noncurrent Liabilities Abstract | ' | ' | ' | |
Accrued employee benefit liability | 77 | 306 | ' | |
Defined Benefit Plan Accumulated Other Comprehensive Income (Loss) Before Tax Abstract | ' | ' | ' | |
Net actuarial gain (loss) | -282 | -413 | ' | |
Prior service credit (cost) | 79 | -6 | ' | |
Accumulated other comprehensive income (loss) before tax | -203 | -419 | ' | |
Less: Income taxes | 71 | 147 | ' | |
Accumulated other comprehensive income (loss) | -132 | -272 | ' | |
Pension benefit costs, net | ' | ' | ' | |
Service cost | 33 | 30 | 25 | |
Interest cost | 40 | 41 | 39 | |
Expected return on plan assets | -50 | -44 | -42 | |
Amortization, net | 6 | 33 | 26 | |
Pension benefit costs, net | 29 | 60 | 48 | |
Components recognized in Other comprehensive income (loss) | ' | ' | ' | |
Net gain (loss) | 210 | -96 | -111 | |
Amortization, net | 6 | 33 | 26 | |
Total recognized in Other comprehensive income (loss) | 216 | -63 | -85 | |
Total recognized in net periodic benefit cost and Other comprehensive income (loss) | 187 | -123 | -133 | |
Defined Benefit Plan (Textuals) | ' | ' | ' | |
Expected recognition of amounts in Accumulated other comprehensive income (loss) | 22 | -8 | ' | |
Expected benefit payments in year 1 | 35 | ' | ' | |
Expected benefit payments in year 2 | 35 | ' | ' | |
Expected benefit payments in year 3 | 37 | ' | ' | |
Expected benefit payments in year 4 | 44 | ' | ' | |
Expected benefit payments in year 5 | 47 | ' | ' | |
Expected benefit payments thereafter | 312 | ' | ' | |
Weighted-average assumptions used in measuring the Company's benefit obligation | ' | ' | ' | |
Discount rate | 5.25% | 4.30% | ' | |
Rate of compensation increase | 5.00% | 5.00% | ' | |
Expected return on plan assets | 7.75% | 7.75% | 8.00% | |
Weighted-average assumptions used in measuring the net periodic pension benefit cost | ' | ' | ' | |
Discount long-term rate | 4.30% | 5.35% | 5.75% | |
Expected return on plan assets | 7.75% | 7.75% | 8.00% | |
Rate of compensation increase | 5.00% | 5.00% | 5.00% | |
Asset allocation | ' | ' | ' | |
Fair value of assets | 681 | 638 | 540 | |
Other Benefit Costs [Member] | ' | ' | ' | |
Change in Benefit Obligation: | ' | ' | ' | |
Benefit obligation at beginning of year | 132 | 107 | ' | |
Service cost | 4 | 3 | 2 | |
Interest cost | 6 | 6 | 5 | |
Actuarial (gain) loss | -22 | 18 | ' | |
Amendments | 0 | 0 | ' | |
Foreign currency exchange gain | 0 | 0 | ' | |
Settlement payments | 0 | 0 | ' | |
Benefits paid | -3 | -2 | ' | |
Projected benefit obligation at end of year | ' | 132 | 107 | |
Accumulated Benefit Obligation | 117 | 132 | ' | |
Change in Fair Value of Assets: | ' | ' | ' | |
Fair value of assets at beginning of year | 0 | 0 | ' | |
Actual return on plan assets | 0 | 0 | ' | |
Employer contributions | 3 | 2 | ' | |
Settlement payments | 0 | 0 | ' | |
Benefits paid | -3 | -2 | ' | |
Fair value of assets at end of year | 0 | 0 | 0 | |
Unfunded status, net | 117 | 132 | ' | |
Pension And Other Postretirement Defined Benefit Plans Noncurrent Liabilities Abstract | ' | ' | ' | |
Accrued employee benefit liability | 117 | 132 | ' | |
Defined Benefit Plan Accumulated Other Comprehensive Income (Loss) Before Tax Abstract | ' | ' | ' | |
Net actuarial gain (loss) | 10 | -12 | ' | |
Prior service credit (cost) | 3 | 4 | ' | |
Accumulated other comprehensive income (loss) before tax | 13 | -8 | ' | |
Less: Income taxes | -5 | 4 | ' | |
Accumulated other comprehensive income (loss) | 8 | -4 | ' | |
Pension benefit costs, net | ' | ' | ' | |
Service cost | 4 | 3 | 2 | |
Interest cost | 6 | 6 | 5 | |
Amortization, net | -1 | -1 | -1 | |
Pension benefit costs, net | 9 | 8 | 6 | |
Components recognized in Other comprehensive income (loss) | ' | ' | ' | |
Net gain (loss) | 22 | -17 | -6 | |
Amortization, net | -1 | -1 | -1 | |
Total recognized in Other comprehensive income (loss) | 21 | -18 | -7 | |
Total recognized in net periodic benefit cost and Other comprehensive income (loss) | 12 | -26 | -13 | |
Defined Benefit Plan (Textuals) | ' | ' | ' | |
Expected recognition of amounts in Accumulated other comprehensive income (loss) | ' | 1 | ' | |
Expected benefit payments in year 1 | 5 | ' | ' | |
Expected benefit payments in year 2 | 5 | ' | ' | |
Expected benefit payments in year 3 | 5 | ' | ' | |
Expected benefit payments in year 4 | 6 | ' | ' | |
Expected benefit payments in year 5 | 6 | ' | ' | |
Expected benefit payments thereafter | 40 | ' | ' | |
Weighted-average assumptions used in measuring the Company's benefit obligation | ' | ' | ' | |
Discount rate | 5.25% | 4.30% | ' | |
Rate of compensation increase | 5.00% | 5.00% | ' | |
Weighted-average assumptions used in measuring the net periodic pension benefit cost | ' | ' | ' | |
Discount long-term rate | 4.30% | 5.35% | 5.75% | |
Rate of compensation increase | 5.00% | 5.00% | 5.00% | |
Asset allocation | ' | ' | ' | |
Fair value of assets | $0 | $0 | $0 | |
[1] | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process, as appropriate. Refer to Note 3 for information on costs that benefit the inventory/production process. |
Stock_Based_Compensation_Detai
Stock Based Compensation (Detail) (USD $) | 12 Months Ended | ||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Future stock incentive plan awards | 9,307,308 | ' | ' | ' | ' |
Total intrinsic value of options exercised | $0 | $5 | $18 | ' | ' |
Aggregate intrinsic value of outstanding stock options | 0 | ' | ' | ' | ' |
Aggregate intrinsic value of exercisable options | 0 | ' | ' | ' | ' |
Black-Scholes option-pricing model assumptions [Abstract] | ' | ' | ' | ' | ' |
Weighted-average risk-free interest rate | ' | ' | 2.00% | 2.50% | 2.00% |
Dividend yield | ' | ' | 1.40% | 0.70% | 1.00% |
Expected life in years | ' | ' | '6 years | '5 years | '5 years |
Volatility | ' | ' | 37.00% | 38.00% | 36.00% |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Outstanding at beginning of year (number of shares) | 4,409,924 | 5,481,341 | 5,414,205 | ' | ' |
Granted (number of shares) | 0 | 0 | 1,276,250 | ' | ' |
Exercised (number of shares) | -46,697 | -591,859 | -928,037 | ' | ' |
Forfeited and expired (number of shares) | -1,175,464 | -479,558 | -281,077 | ' | ' |
Outstanding at end of year (number of shares) | 3,187,763 | 4,409,924 | 5,481,341 | 5,414,205 | ' |
Options exercisable at year-end (number of shares) | 2,934,718 | 3,191,850 | 3,166,178 | ' | ' |
Weighted-average fair value of options granted during the year | ' | ' | $18.90 | ' | ' |
Outstanding at beginning of year (weighted-average exercise price) | $48.69 | $48.40 | $45.36 | ' | ' |
Granted (weighted-average exercise price) | $0 | $0 | $58.72 | ' | ' |
Exercised (weighted-average exercise price) | $35.22 | $41.22 | $43.67 | ' | ' |
Forfeited and expired (weighted-average exercise price) | $50.20 | $54.57 | $56.56 | ' | ' |
Oustanding at end of year (weighted-average exercise price) | $48.33 | $48.69 | $48.40 | $45.36 | ' |
Options exercisable at year-end (weighted-average exercise price) | $47.47 | $48.07 | $46.22 | ' | ' |
Options outstanding - Number outstanding | 3,187,763 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '5 years 2 months 12 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $48.33 | ' | ' | ' | ' |
Options exercisable - number exercisable | 2,934,718 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $47.47 | ' | ' | ' | ' |
Stock option vesting [Abstract] | ' | ' | ' | ' | ' |
Stock options vested | 862,127 | 1,003,888 | 950,119 | ' | ' |
Weighted-average exercise price | $46.86 | $52.09 | $46.73 | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' | ' |
Stock based compensation | 51 | 51 | 58 | ' | ' |
Twenty To Thirty [Member] | ' | ' | ' | ' | ' |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Options outstanding - Number outstanding | 300,000 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '4 years 9 months 18 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $26.91 | ' | ' | ' | ' |
Options exercisable - number exercisable | 300,000 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $26.91 | ' | ' | ' | ' |
Thirty To Forty [Member] | ' | ' | ' | ' | ' |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Options outstanding - Number outstanding | 524,237 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '4 years 10 months 24 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $39.75 | ' | ' | ' | ' |
Options exercisable - number exercisable | 524,237 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $39.75 | ' | ' | ' | ' |
Forty To Fifty [Member] | ' | ' | ' | ' | ' |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Options outstanding - Number outstanding | 796,618 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '3 years 1 month 6 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $43.95 | ' | ' | ' | ' |
Options exercisable - number exercisable | 791,236 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $43.95 | ' | ' | ' | ' |
Fifty To Sixty [Member] | ' | ' | ' | ' | ' |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Options outstanding - Number outstanding | 1,556,403 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '6 years 3 months 18 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $57.47 | ' | ' | ' | ' |
Options exercisable - number exercisable | 1,312,243 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $57.28 | ' | ' | ' | ' |
Sixty Plus [Member] | ' | ' | ' | ' | ' |
Stock options activity [Abstract] | ' | ' | ' | ' | ' |
Options outstanding - Number outstanding | 10,505 | ' | ' | ' | ' |
Options outstanding - average remaining contractual life (in years) | '7 years 10 months 24 days | ' | ' | ' | ' |
Options outstanding - weighted-average exercise price | $66.48 | ' | ' | ' | ' |
Options exercisable - number exercisable | 7,002 | ' | ' | ' | ' |
Options exercisable - weighted-average exercise price | $66.48 | ' | ' | ' | ' |
Stock Options [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to unvested stock | 2 | ' | ' | ' | ' |
Unvested stock options | 253,045 | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' | ' |
Stock based compensation | 7 | 13 | 19 | ' | ' |
Restricted Stock Units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | 958,060 | 1,062,819 | 586,944 | ' | ' |
Weighted-average fair market value of stock | $40 | $51 | $57 | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' | ' |
Stock based compensation | 31 | 26 | 32 | ' | ' |
Restricted Stock Units [Member] | Current Year Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 776,674 | ' | ' | ' | ' |
Restricted Stock Units [Member] | Prior Year Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 506,206 | ' | ' | ' | ' |
Restricted Stock Units [Member] | Two Prior Years Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 108,884 | ' | ' | ' | ' |
Performance Leveraged Stock Units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | 272,683 | 241,448 | 102,313 | ' | ' |
Weighted-average fair market value of stock | $46 | $77 | $76 | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' | ' |
Stock based compensation | 8 | 10 | 7 | ' | ' |
Performance Leveraged Stock Units [Member] | Current Year Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 272,683 | ' | ' | ' | ' |
Performance Leveraged Stock Units [Member] | Prior Year Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 210,549 | ' | ' | ' | ' |
Performance Leveraged Stock Units [Member] | Two Prior Years Grants [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock shares unvested | 102,313 | ' | ' | ' | ' |
Strategic stock units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Weighted-average fair market value of stock | $41 | ' | ' | ' | ' |
Stock shares unvested | 61,030 | ' | ' | ' | ' |
Stock Option and Other Stock Based Compensation | ' | ' | ' | ' | ' |
Stock based compensation | 5 | 2 | ' | ' | ' |
Financial Performance Common Stock [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | ' | 35,245 | 42,932 | ' | ' |
Financial Performance Restricted Stock Units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | ' | 70,501 | 85,632 | ' | ' |
Financial Performance Stock [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Weighted-average fair market value of stock | ' | $59 | $55 | ' | ' |
Other Stock Based Compensation Awards [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to unvested stock | 60 | ' | ' | ' | ' |
Total Intrinsic Fair Value Of Other Stock Based Compensation | $34 | $37 | $33 | ' | ' |
Unrecognized compensation cost expected to be recognized on a weighted-average basis, period | '2 years | ' | ' | ' | ' |
Common Stock Related To Strategic Stock Units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | 50,997 | ' | ' | ' | ' |
Restricted Stock Related To Strategic Stock Units [Member] | ' | ' | ' | ' | ' |
Stock Based Compensation (Textuals) | ' | ' | ' | ' | ' |
Stock granted | 102,009 | ' | ' | ' | ' |
Acquisitions_Detail
Acquisitions (Detail) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Jun. 25, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Assets: | ' | ' | ' | ' |
Cash | ' | $2 | ' | ' |
Property, plant and mine development, net | ' | 3,226 | ' | ' |
Investments | ' | 281 | ' | ' |
Other assets | ' | 7 | ' | ' |
Total assets | ' | 3,516 | ' | ' |
Liabilities: | ' | ' | ' | ' |
Deferred income tax liability | ' | 1,241 | ' | ' |
Other liabilities | ' | 16 | ' | ' |
Total liabilities | ' | 1,257 | ' | ' |
Net assets acquired | ' | 2,259 | ' | ' |
BusinessCombinationContingentConsiderationArrangementsAbstract | ' | ' | ' | ' |
Contingent consideration arrangements basis for amount | ' | 'Consideration for the acquisition consisted of $982 and a contingent royalty capped at $100, equal to 50% of the average realized operating margin (Revenue less Costs applicable to sales on a by-product basis), if any, exceeding $600 per ounce, payable quarterly beginning in the second quarter of 2010 on one-third of gold sales from Boddington. | ' | ' |
Boddington [Member] | ' | ' | ' | ' |
BusinessCombinationContingentConsiderationArrangementsAbstract | ' | ' | ' | ' |
Boddington final interest acquired | 33.33% | ' | ' | ' |
Payments To Acquire Businesses, Gross | 982 | ' | ' | ' |
Boddington contingent consideration liability | 62 | 10 | 41 | ' |
Change in Boddington contingent consideration liability | ' | 18 | ' | ' |
Contingent consideration cash paid | ' | 13 | 25 | 30 |
Contingent consideration range high | ' | 28 | ' | 100 |
Contingent consideration range low | ' | $0 | ' | ' |
Fair_Value_Detail
Fair Value (Detail) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Assets: | ' |
Assets | $1,496 |
Liabilities: | ' |
Liabilities | 239 |
Assets [Member] | ' |
Assets: | ' |
Cash equivalents | 918 |
Assets [Member] | Fair Value, Measurements, Recurring [Member] | Diesel Forward Contracts [Member] | ' |
Assets: | ' |
Derivative instruments, net | 4 |
Assets [Member] | Extractive Industries [Member] | Marketable Equity Securities [Member] | ' |
Assets: | ' |
Marketable securities | 350 |
Assets [Member] | Other Industries [Member] | Marketable Equity Securities [Member] | ' |
Assets: | ' |
Marketable securities | 17 |
Assets [Member] | Asset Backed Commercial Paper [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Marketable securities | 25 |
Assets [Member] | Auction Rate Securities [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Marketable securities | 5 |
Assets [Member] | Trade receivable from provisional copper and gold concentrate sales, net [Member] | ' |
Assets: | ' |
Trade receivable from provisional copper and gold concentrate sales, net | 177 |
Liability [Member] | Holt Property Royalty [Member] | ' |
Liabilities: | ' |
Royalty | 134 |
Liability [Member] | Boddington Contingent Consideration [Member] | ' |
Liabilities: | ' |
Contingent consideration | 10 |
Liability [Member] | Fair Value, Measurements, Recurring [Member] | Foreign exchange forward contracts [Member] | ' |
Liabilities: | ' |
Derivative instruments, net | 95 |
Level 1 [Member] | ' |
Assets: | ' |
Assets | 1,462 |
Level 1 [Member] | Assets [Member] | ' |
Assets: | ' |
Cash equivalents | 918 |
Level 1 [Member] | Assets [Member] | Extractive Industries [Member] | Marketable Equity Securities [Member] | ' |
Assets: | ' |
Marketable securities | 350 |
Level 1 [Member] | Assets [Member] | Other Industries [Member] | Marketable Equity Securities [Member] | ' |
Assets: | ' |
Marketable securities | 17 |
Level 1 [Member] | Assets [Member] | Trade receivable from provisional copper and gold concentrate sales, net [Member] | ' |
Assets: | ' |
Trade receivable from provisional copper and gold concentrate sales, net | 177 |
Level 2 [Member] | ' |
Assets: | ' |
Assets | 4 |
Liabilities: | ' |
Liabilities | 95 |
Level 2 [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member] | Diesel Forward Contracts [Member] | ' |
Assets: | ' |
Derivative instruments, net | 4 |
Level 2 [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member] | Foreign exchange forward contracts [Member] | ' |
Liabilities: | ' |
Derivative instruments, net | 95 |
Level 3 [Member] | ' |
Assets: | ' |
Assets | 30 |
Liabilities: | ' |
Liabilities | 144 |
Fair Value Accounting (Textuals) | ' |
Assets measured at fair value hierarchy, percent | 2.00% |
Liabilities measured at fair value hierarchy, percent | 60.00% |
Level 3 [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member] | ' |
Assets: | ' |
Balance at end of period, assets | 30 |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' |
Balance at beginning of period, assets | 24 |
Revaluation | 6 |
Settlements | ' |
Balance at end of period, assets | 30 |
Level 3 [Member] | Assets [Member] | Asset Backed Commercial Paper [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Marketable securities | 25 |
Level 3 [Member] | Assets [Member] | Asset Backed Commercial Paper [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Balance at end of period, assets | 25 |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' |
Balance at beginning of period, assets | 19 |
Revaluation | 6 |
Settlements | ' |
Balance at end of period, assets | 25 |
Level 3 [Member] | Assets [Member] | Asset Backed Commercial Paper [Member] | Minimum [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Recoverability Rate | 80.00% |
Level 3 [Member] | Assets [Member] | Asset Backed Commercial Paper [Member] | Maximum [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Recoverability Rate | 90.00% |
Level 3 [Member] | Assets [Member] | Auction Rate Securities [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Marketable securities | 5 |
Level 3 [Member] | Assets [Member] | Auction Rate Securities [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ' |
Assets: | ' |
Balance at end of period, assets | 5 |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' |
Balance at beginning of period, assets | 5 |
Settlements | ' |
Balance at end of period, assets | 5 |
Level 3 [Member] | Assets [Member] | Auction Rate Securities [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Recoverability Rate | 58.00% |
Level 3 [Member] | Liability [Member] | Holt Property Royalty [Member] | ' |
Liabilities: | ' |
Royalty | 134 |
Level 3 [Member] | Liability [Member] | Boddington Contingent Consideration [Member] | ' |
Liabilities: | ' |
Contingent consideration | 10 |
Level 3 [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member] | ' |
Liabilities: | ' |
Balance at end of period, liabilities | 144 |
Changes in the Fair Value of the Company's Level 3 Financial Liabilities | ' |
Balance at beginning of period, liabilities | 281 |
Revaluation | -106 |
Settlements | -31 |
Balance at end of period, liabilities | 144 |
Level 3 [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member] | Holt Property Royalty [Member] | ' |
Liabilities: | ' |
Balance at end of period, liabilities | 134 |
Changes in the Fair Value of the Company's Level 3 Financial Liabilities | ' |
Balance at beginning of period, liabilities | 240 |
Revaluation | -88 |
Settlements | -18 |
Balance at end of period, liabilities | 134 |
Level 3 [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member] | Boddington Contingent Consideration [Member] | ' |
Liabilities: | ' |
Balance at end of period, liabilities | 10 |
Changes in the Fair Value of the Company's Level 3 Financial Liabilities | ' |
Balance at beginning of period, liabilities | 41 |
Revaluation | -18 |
Settlements | -13 |
Balance at end of period, liabilities | 10 |
Level 3 [Member] | Liability [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Holt Property Royalty [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 5.00% |
Fair Value Inputs Long Term Gold Price | 1,300 |
Level 3 [Member] | Liability [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Boddington Contingent Consideration [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 5.00% |
Level 3 [Member] | Liability [Member] | Minimum [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Holt Property Royalty [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Weighted Average Gold Production Scenarios | 393,000 |
Level 3 [Member] | Liability [Member] | Maximum [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Holt Property Royalty [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Weighted Average Gold Production Scenarios | 1,180,000 |
Level 3 [Member] | Liability [Member] | Long Term Gold Price [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Boddington Contingent Consideration [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Gold Price | 1,300 |
Level 3 [Member] | Liability [Member] | Long Term Copper Price [Member] | Weighted Average [Member] | Fair Value, Measurements, Recurring [Member] | Monte Carlo [Member] | Boddington Contingent Consideration [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Copper Price | 3 |
Level 3 [Member] | Property Plant And Mine Development [Member] | ' |
Assets: | ' |
Balance at end of period, assets | 14,277 |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' |
Balance at end of period, assets | 14,277 |
Level 3 [Member] | Property Plant And Mine Development [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 4.25% |
Level 3 [Member] | Property Plant And Mine Development [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 5.00% |
Level 3 [Member] | Property Plant And Mine Development [Member] | Long Term Gold Price [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Gold Price | 1,300 |
Level 3 [Member] | Property Plant And Mine Development [Member] | Long Term Gold Price [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Gold Price | 1,400 |
Level 3 [Member] | Property Plant And Mine Development [Member] | Long Term Copper Price [Member] | Weighted Average [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Copper Price | 3 |
Level 3 [Member] | Property Plant And Mine Development [Member] | Long Term Exchange Rate [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Exchange Rate | 0.92 |
Level 3 [Member] | Property Plant And Mine Development [Member] | Long Term Exchange Rate [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Exchange Rate | 0.935 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | ' |
Assets: | ' |
Balance at end of period, assets | 230 |
Changes in the Fair Value of the Company's Level 3 Financial Assets | ' |
Balance at end of period, assets | $230 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 3.75% |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs, Discount Rate | 5.00% |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Long Term Gold Price [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Gold Price | 1,300 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Long Term Gold Price [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Gold Price | 1,400 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Long Term Copper Price [Member] | Weighted Average [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Copper Price | 3 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Long Term Exchange Rate [Member] | Minimum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Exchange Rate | 0.92 |
Level 3 [Member] | Goodwill And Intangible Assets [Member] | Long Term Exchange Rate [Member] | Maximum [Member] | Fair Value Measurements Nonrecurring [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs Quantitative Information [Abstract] | ' |
Fair Value Inputs Long Term Exchange Rate | 0.935 |
Derivative_Instruments_Detail
Derivative Instruments (Detail) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |||||||||||
USD ($) | USD ($) | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Operating Cash Flow Hedges [Member] | Akyem [Member] | Copper [Member] | Gold [Member] | ||||||||||||
USD ($) | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Forward Starting Swap Contracts [Member] | Forward Starting Swap Contracts [Member] | Forward Starting Swap Contracts [Member] | Commodity Contract [Member] | Commodity Contract [Member] | Commodity Contract [Member] | Debentures 8 5/8% (Hedged Portion) [Member] | Treasury Rate Lock Contracts [Member] | AUD | NZD | Foreign Exchange Contract [Member] | Commodity Contract [Member] | Commodity Contract [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2017 [Member] | Expected Maturity Date Year 2018 [Member] | AUD | AUD | AUD | AUD | AUD | AUD | AUD | AUD | NZD | NZD | NZD | NZD | USD ($) | USD ($) | USD ($) | ||||||||||||||
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | AUD | NZD | Commodity Contract [Member] | AUD | NZD | Commodity Contract [Member] | AUD | Commodity Contract [Member] | AUD | AUD | USD ($) | USD ($) | Foreign Exchange Contract [Member] | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2015 [Member] | Expected Maturity Date Year 2016 [Member] | Expected Maturity Date Year 2017 [Member] | Expected Maturity Date Year 2018 [Member] | USD ($) | USD ($) | Expected Maturity Date Year 2014 [Member] | Expected Maturity Date Year 2015 [Member] | lb | oz | ||||||||||||||||||
Location and Amount of Gains (Losses) Reported in Condensed Consolidated Financial Statements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Gain (loss) recognized in other comprehensive income (effective portion) | ' | ' | ' | ($266) | $192 | $151 | ' | $36 | ($399) | $3 | $7 | $6 | ($6) | [1] | $3 | [1] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ' | |||||||||
Gain (loss) reclassified from Accumulated other comprehensive income (loss) into income (effective portion) | ' | ' | ' | 85 | [2] | 166 | [2] | 188 | [2] | -19 | [2] | -10 | [2] | ' | 2 | [2] | 7 | [2] | 14 | [2] | ' | -2 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Gain (loss) reclassified from AOCI into income (loss) (ineffective portion) | ' | ' | ' | ' | ' | ' | ' | 2 | [3] | -15 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Approximate gain amount to be reclassified from accumulated other comprehensive income, net of tax to income | 34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Foreign Currency Derivatives | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Gain (Loss) on Discontinuation of Foreign Currency Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Derivative Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | 2,000 | ' | ' | ' | 222 | ' | 851 | 89 | ' | ' | ' | 312 | 65 | ' | 270 | 24 | ' | 158 | ' | 105 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Average rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.82 | ' | ' | ' | 2.87 | ' | ' | 2.77 | ' | 2.69 | ' | ' | 0.97 | ' | ' | 1 | 0.98 | 0.95 | 0.93 | 0.92 | 0.79 | ' | 0.8 | 0.78 | ' | ' | ' | |||||||||||
Expected hedge ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62.00% | ' | ' | 36.00% | ' | 14.00% | ' | ' | ' | ' | ' | 20.00% | 18.00% | 11.00% | 7.00% | 4.00% | ' | ' | 59.00% | 21.00% | ' | ' | ' | |||||||||||
Notional amount of foreign currency contracts to be settled | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Gain on settlement of foreign currency contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Diesel Derivative Contracts Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Diesel gallons | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,000,000 | ' | ' | ' | 24,000,000 | ' | ' | 14,000,000 | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Average rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.82 | ' | ' | ' | 2.87 | ' | ' | 2.77 | ' | 2.69 | ' | ' | 0.97 | ' | ' | 1 | 0.98 | 0.95 | 0.93 | 0.92 | 0.79 | ' | 0.8 | 0.78 | ' | ' | ' | |||||||||||
Expected hedge ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62.00% | ' | ' | 36.00% | ' | 14.00% | ' | ' | ' | ' | ' | 20.00% | 18.00% | 11.00% | 7.00% | 4.00% | ' | ' | 59.00% | 21.00% | ' | ' | ' | |||||||||||
Forward Starting Swap Contracts [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Derivative Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | 2,000 | ' | ' | ' | 222 | ' | 851 | 89 | ' | ' | ' | 312 | 65 | ' | 270 | 24 | ' | 158 | ' | 105 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Forward Starting Swaps Gross Settlement | ' | ' | 362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Forward starting swaps, net of ineffectiveness settlement | 349 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Interest Rate Swap Contracts [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Derivative Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | 2,000 | ' | ' | ' | 222 | ' | 851 | 89 | ' | ' | ' | 312 | 65 | ' | 270 | 24 | ' | 158 | ' | 105 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other Current Assets | 4 | 112 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 108 | ' | ' | ' | ' | ' | ' | 1 | 2 | ' | ' | ' | ' | ' | |||||||||||
Other Long-Term Assets | 1 | 144 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 143 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other Current Liabilities | 36 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other Long-Term Liabilities | 60 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Provisional Copper and Gold Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Average price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.32 | 1,411 | |||||||||||
Recorded average provisional price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.3 | 1,402 | |||||||||||
Provisional pricing mark-to-market gain (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11 | $17 | |||||||||||
Provisional pricing mark-to-market gain (loss) rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.05 | 3 | |||||||||||
Provisional pricing quantity sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,000,000 | 100,000 | |||||||||||
Average price, subject to final pricing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.34 | 1,215 | |||||||||||
[1] | The gain (loss) recognized for the effective portion of cash flow hedges is included in Cost Applicable to Sales, Write-downs and Interest expense, net. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | The gain (loss) for the effective portion of the foreign exchange and diesel cash flow hedges reclassified from Accumulated other comprehensive income (loss) is included in Costs applicable to sales. The loss for the effective portion of the forward starting swaps reclassified from Accumulated other comprehensive income (loss) is included in Interest Expense. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | The ineffective portion recognized for cash flow hedges is included in Other Income, net. |
Investments_Detail
Investments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Long-Term Investments | $439 | $1,446 |
Current [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 77 | 77 |
Unrealized Gain | 5 | 14 |
Unrealized Loss | -4 | -5 |
Fair/Equity Basis - Current Marketable Equity Securities | 78 | 86 |
Current [Member] | Gabriel Resources Ltd [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 37 | ' |
Fair/Equity Basis - Current Marketable Equity Securities | 37 | ' |
Current [Member] | Paladin Energy Ltd [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 21 | 60 |
Unrealized Gain | 1 | ' |
Unrealized Loss | ' | -3 |
Fair/Equity Basis - Current Marketable Equity Securities | 22 | 57 |
Current [Member] | Other Marketable Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 19 | 17 |
Unrealized Gain | 4 | 14 |
Unrealized Loss | -4 | -2 |
Fair/Equity Basis - Current Marketable Equity Securities | 19 | 29 |
Long Term [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 347 | 728 |
Unrealized Gain | 95 | 726 |
Unrealized Loss | -3 | -8 |
Long-Term Investments | 439 | 1,446 |
Other investments, at cost | 13 | 12 |
Long Term [Member] | Gabriel Resources Ltd [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | ' | 78 |
Unrealized Gain | ' | 42 |
Fair/Equity Basis - Long-Term Marketable Equity Securities | ' | 120 |
Long Term [Member] | Other Marketable Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 30 | 65 |
Unrealized Gain | 5 | 14 |
Fair/Equity Basis - Long-Term Marketable Equity Securities | 35 | 79 |
Long Term [Member] | Asset Backed Commercial Paper [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 23 | 25 |
Unrealized Gain | 2 | ' |
Unrealized Loss | ' | -6 |
Fair/Equity Basis - Long-Term Marketable Debt Securities | 25 | 19 |
Long Term [Member] | Auction Rate Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 8 | 7 |
Unrealized Loss | -3 | -2 |
Fair/Equity Basis - Long-Term Marketable Debt Securities | 5 | 5 |
Long Term [Member] | Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 31 | 32 |
Unrealized Gain | 2 | ' |
Unrealized Loss | -3 | -8 |
Fair/Equity Basis - Long-Term Marketable Debt Securities | 30 | 24 |
Long Term [Member] | Regis Resources Ltd. | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 165 | 166 |
Unrealized Gain | 88 | 352 |
Fair/Equity Basis - Long-Term Marketable Equity Securities | 253 | 518 |
Long Term [Member] | Marketable Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | 195 | 619 |
Unrealized Gain | 93 | 726 |
Fair/Equity Basis - Long-Term Marketable Equity Securities | 288 | 1,345 |
Long Term [Member] | Minera La Zanja S.R.L. | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Equity Method Investments | 92 | 65 |
Long Term [Member] | Novo Resources Corporation | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Equity Method Investments | 16 | ' |
Long Term [Member] | Canadian Oil Sands Ltd [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost/Equity Basis | ' | 310 |
Unrealized Gain | ' | 318 |
Fair/Equity Basis - Long-Term Marketable Equity Securities | ' | $628 |
Investments_Additional_Informa
Investments - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | ||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Novo Resources Corporation | Novo Resources Corporation | Paladin Energy Ltd [Member] | Gabriel Resources Ltd [Member] | Canadian Oil Sands Ltd [Member] | ||||
Investments (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of marketable securities | $105 | $47 | $180 | ' | ' | $39 | $36 | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | 32.00% | 35.70% | ' | ' | ' |
Proceeds From Sale Of Available For Sale Securities Equity | ' | ' | ' | ' | ' | ' | ' | 587 |
Gain on sale of investments, net | ' | ' | ' | ' | ' | ' | ' | 280 |
Total Unrealized Loss | $7 | $13 | ' | ' | ' | ' | ' | ' |
Investments_Gross_Unrealized_L
Investments - Gross Unrealized Losses and Fair Value of the Company's Investments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities continuous unrealized losses less than 12 months - fair value | $54 | $79 |
Unrealized Loss Less than 12 Months | 4 | 5 |
Securities continuous unrealized losses greater than 12 months - fair value | 30 | 24 |
Unrealized Loss 12 Months or Greater | 3 | 8 |
Securities continuous unrealized losses - fair value | 84 | 103 |
Total Unrealized Loss | 7 | 13 |
Asset Backed Commercial Paper [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities continuous unrealized losses less than 12 months - fair value | 0 | 0 |
Unrealized Loss Less than 12 Months | 0 | 0 |
Securities continuous unrealized losses greater than 12 months - fair value | 25 | 19 |
Unrealized Loss 12 Months or Greater | 0 | 6 |
Securities continuous unrealized losses - fair value | 25 | 19 |
Total Unrealized Loss | 0 | 6 |
Auction Rate Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities continuous unrealized losses less than 12 months - fair value | 0 | 0 |
Unrealized Loss Less than 12 Months | 0 | 0 |
Securities continuous unrealized losses greater than 12 months - fair value | 5 | 5 |
Unrealized Loss 12 Months or Greater | 3 | 2 |
Securities continuous unrealized losses - fair value | 5 | 5 |
Total Unrealized Loss | 3 | 2 |
Marketable Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities continuous unrealized losses less than 12 months - fair value | 54 | 79 |
Unrealized Loss Less than 12 Months | 4 | 5 |
Securities continuous unrealized losses greater than 12 months - fair value | 0 | 0 |
Unrealized Loss 12 Months or Greater | 0 | 0 |
Securities continuous unrealized losses - fair value | 54 | 79 |
Total Unrealized Loss | $4 | $5 |
Inventories_Detail
Inventories (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Summary Of Inventories [Line Items] | ' | ' | ' |
In-process | $97 | $143 | ' |
Concentrate | 108 | 152 | ' |
Precious metals | 26 | 31 | ' |
Materials, supplies and other | 486 | 470 | ' |
Total Inventories | 717 | 796 | ' |
Inventory Write Down | ' | ' | 26 |
Costs Applicable to Sales [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 14 | 5 | ' |
Amortization [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 3 | ' | ' |
Twin Creeks [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 1 | ' | 1 |
Carlin [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 2 | 1 | 4 |
Boddington [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 6 | ' | ' |
Tanami [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 1 | 2 | ' |
Batu Hijau [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | 7 | ' | 3 |
Minera Yanacocha [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | ' | 2 | ' |
Hope Bay [Member] | Other Expense [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | ' | ' | 17 |
Phoenix [Member] | ' | ' | ' |
Summary Of Inventories [Line Items] | ' | ' | ' |
Inventory Write Down | ' | ' | $1 |
Recovered_Sheet6
Stockpiles and Ore on Leach Pads - Stockpiles and Ore on Leach Pads (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Current stockpiles and ore on leach pads | $805 | $786 |
Long-term stockpiles and ore on leach pads | 2,680 | 2,896 |
Stockpiles [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Current stockpiles and ore on leach pads | 580 | 602 |
Long-term stockpiles and ore on leach pads | 2,434 | 2,514 |
Ore On Leach Pads [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Current stockpiles and ore on leach pads | 225 | 184 |
Long-term stockpiles and ore on leach pads | $246 | $382 |
Recovered_Sheet7
Stockpiles and Ore on Leach Pads - Stockpiles and Ore on Leach Pads, by Segment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | $3,485 | $3,682 |
Carlin [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 439 | 358 |
Phoenix [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 109 | 77 |
Twin Creeks [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 327 | 264 |
La Herradura [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 57 | 57 |
Minera Yanacocha [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 504 | 498 |
Boddington [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 304 | 474 |
Tanami [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 12 | 7 |
Jundee [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 7 | 34 |
Waihi [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 2 | ' |
Kalgoorlie [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 107 | 132 |
Batu Hijau [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 1,290 | 1,543 |
Ahafo [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | 292 | 235 |
Akyem [Member] | ' | ' |
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' |
Total stockpiles and ore on leach pads | $35 | $3 |
Stockpiles_and_Ore_on_Leach_Pa2
Stockpiles and Ore on Leach Pads - Additional Information (Detail) (USD $) | 12 Months Ended | ||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Carlin [Member] | La Herradura [Member] | Minera Yanacocha [Member] | Minera Yanacocha [Member] | Boddington [Member] | Tanami [Member] | Tanami [Member] | Waihi [Member] | Waihi [Member] | Kalgoorlie [Member] | Batu Hijau [Member] | Costs Applicable to Sales [Member] | Costs Applicable to Sales [Member] | Costs Applicable to Sales [Member] | Amortization [Member] | |
Other Australia New Zealand [Member] | |||||||||||||||
Stockpiles And Ore On Leach Pads [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate write-downs | $85 | $32 | $174 | $6 | $222 | $2 | $6 | $4 | $16 | $48 | $627 | $958 | $28 | $1 | $236 |
Other_Assets_Other_Assets_Deta
Other Assets - Other Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other current assets: | ' | ' |
Refinery metal inventory and receivable | $679 | $1,183 |
Prepaid assets | 157 | 213 |
Other refinery metal receivables | 130 | 110 |
Derivative instruments | 4 | 112 |
Restricted cash | ' | 12 |
Other | 36 | 31 |
Other current assets, total | 1,006 | 1,661 |
Other long-term assets: | ' | ' |
Income tax receivable | 229 | 76 |
Goodwill | 132 | 188 |
Prepaid Royalties | 103 | 78 |
Intangible assets | 98 | 136 |
Restricted cash | 95 | 90 |
Debt issuance costs | 62 | 73 |
Prepaid maintenance costs | 31 | 17 |
Derivative instruments | 1 | 144 |
Other | 93 | 70 |
Other long-term assets, total | $844 | $872 |
Recovered_Sheet8
Property, Plant and Mine Development (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | $26,705 | $27,729 | ' |
Accumulated Amortization | -12,428 | -9,719 | ' |
Net Book Value | 14,277 | 18,010 | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Write-downs | 4,352 | 52 | 2,084 |
North America [Member] | ' | ' | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Construction-in-progress | 348 | 285 | ' |
South America [Member] | ' | ' | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Construction-in-progress | 1,534 | 1,519 | ' |
Australia/New Zealand [Member] | ' | ' | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Construction-in-progress | 114 | 338 | ' |
Indonesia [Member] | ' | ' | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Construction-in-progress | 30 | 55 | ' |
Africa [Member] | ' | ' | ' |
Property Plant and Mine Development (Textuals) | ' | ' | ' |
Construction-in-progress | 389 | 592 | ' |
Land [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 227 | 223 | ' |
Accumulated Amortization | 0 | 0 | ' |
Net Book Value | 227 | 223 | ' |
Facilities And Equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 15,945 | 13,996 | ' |
Accumulated Amortization | -8,671 | -6,596 | ' |
Net Book Value | 7,274 | 7,400 | ' |
Facilities And Equipment [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Facilities And Equipment [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '35 years | ' | ' |
Mine Development [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 4,792 | 4,793 | ' |
Accumulated Amortization | -2,582 | -2,031 | ' |
Net Book Value | 2,210 | 2,762 | ' |
Mine Development [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Mine Development [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '35 years | ' | ' |
Mineral Interests [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Mineral Interests Cost | 2,163 | 4,854 | ' |
Mineral Interests Accumulated Amortization | -710 | -752 | ' |
Mineral Interests Net Book Value | 1,453 | 4,102 | ' |
Mineral Interests [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Mineral Interests [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '35 years | ' | ' |
Asset Retirement Obligation Costs [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 1,043 | 988 | ' |
Accumulated Amortization | -465 | -340 | ' |
Net Book Value | 578 | 648 | ' |
Asset Retirement Obligation Costs [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Asset Retirement Obligation Costs [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '35 years | ' | ' |
Construction In Progress [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 2,535 | 2,875 | ' |
Accumulated Amortization | 0 | 0 | ' |
Net Book Value | 2,535 | 2,875 | ' |
Production Stage [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Mineral Interests Cost | 959 | 1,257 | ' |
Mineral Interests Accumulated Amortization | -710 | -752 | ' |
Mineral Interests Net Book Value | 249 | 505 | ' |
Production Stage [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Production Stage [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '22 years | ' | ' |
Development Stage [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Mineral Interests Cost | 162 | 149 | ' |
Mineral Interests Accumulated Amortization | 0 | 0 | ' |
Mineral Interests Net Book Value | 162 | 149 | ' |
Exploration Stage [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Mineral Interests Cost | 1,042 | 3,448 | ' |
Mineral Interests Accumulated Amortization | 0 | 0 | ' |
Mineral Interests Net Book Value | 1,042 | 3,448 | ' |
Leased assets included above in facilities and equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost | 9 | 5 | ' |
Accumulated Amortization | -1 | -1 | ' |
Net Book Value | $8 | $4 | ' |
Leased assets included above in facilities and equipment [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '1 year | ' | ' |
Leased assets included above in facilities and equipment [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciable Life | '35 years | ' | ' |
Debt_Longterm_Debt_Detail
Debt - Long-term Debt (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Debt | ' | ' |
Total Debt Current | $595 | $10 |
Total Debt Non-Current | 6,145 | 6,288 |
Current [Member] | ' | ' |
Debt | ' | ' |
Other | 24 | ' |
Non-Current [Member] | ' | ' |
Debt | ' | ' |
Other | 9 | 4 |
Convertible Senior Notes Net Of Discount 2014 [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net of discount | 561 | 535 |
Convertible Senior Notes Net Of Discount 2014 [Member] | Current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net of discount | 561 | ' |
Convertible Senior Notes Net Of Discount 2014 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net of discount | ' | 535 |
Convertible Senior Notes Net Of Discount 2017 [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net of discount | 492 | 471 |
Convertible Senior Notes Net Of Discount 2017 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Convertible senior notes, net of discount | 492 | 471 |
Senior Notes Net Of Discount Due 2019 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 897 | 897 |
Senior Notes Net Of Discount 2022 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 1,490 | 1,489 |
Senior Notes Net Of Discount Due 2035 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 598 | 598 |
Senior Notes Net Of Discount Due 2039 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 1,087 | 1,087 |
Senior Notes Net Of Discount 2042 [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Senior notes, net | 992 | 992 |
Ahafo Project Facility [Member] | Current [Member] | ' | ' |
Debt | ' | ' |
Project Facility | 10 | 10 |
Ahafo Project Facility [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Project Facility | 25 | 35 |
PTNNT [Member] | Non-Current [Member] | ' | ' |
Debt | ' | ' |
Revolving credit facility | $555 | $180 |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Corporate Revolving Credit Facility [Member] | Corporate Revolving Credit Facility [Member] | Corporate Revolving Credit Facility [Member] | Ahafo Project Facility [Member] | International Finance Corporation [Member] | Commercial Lender [Member] | PTNNT [Member] | PTNNT [Member] | PTNNT [Member] | Convertible Senior Notes Net Of Discount 2014 And 2017 [Member] | Convertible Senior Notes Net Of Discount 2014 [Member] | Convertible Senior Notes Net Of Discount 2014 [Member] | Convertible Senior Notes Net Of Discount 2017 [Member] | Convertible Senior Notes Net Of Discount 2017 [Member] | Convertible Senior Notes Net Of Discount [Member] | Convertible Senior Notes Net Of Discount [Member] | Convertible Senior Notes Net Of Discount [Member] | Senior Notes Net Of Discount Due 2019 [Member] | Senior Notes Net Of Discount Due 2019 [Member] | Senior Notes Net Of Discount Due 2039 [Member] | Senior Notes Net Of Discount Due 2035 [Member] | Senior Notes Net Of Discount Due 2035 [Member] | Senior Notes Net Of Discount 2022 [Member] | Senior Notes Net Of Discount 2022 [Member] | Senior Notes Net Of Discount 2042 [Member] | Senior Notes Net Of Discount 2042 [Member] | ||||
Non-Current [Member] | Non-Current [Member] | ||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | $609 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 166 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 221 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 771 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 5,104 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Maximum Borrowing Capacity Previous | ' | ' | ' | 2,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Letters Of Credit Under Revolver | ' | ' | ' | 173 | 175 | 394 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Maximum Borrowing Capacity | ' | ' | ' | 3,000 | ' | ' | ' | ' | ' | 600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Outstanding | ' | ' | ' | 153 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | 3.50% | ' | ' | 4.00% | ' | ' | ' | 1.25% | ' | 1.63% | ' | ' | ' | ' | 5.13% | ' | 6.25% | 5.88% | ' | 3.50% | ' | 4.88% | ' |
Revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 555 | 180 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount | 1,150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,150 | 575 | 575 | 575 | 575 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds From Convertible Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,126 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount | ' | ' | ' | ' | ' | ' | 85 | 75 | 10 | ' | ' | ' | 575 | ' | ' | ' | ' | ' | ' | ' | 900 | ' | 1,100 | 600 | ' | 1,500 | ' | 1,000 | ' |
Effective interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | 6.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price on convertible notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $43.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price on call spread transaction | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $56.99 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated fair value | 999 | 1,306 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 560 | 636 | 503 | 613 | ' | ' | ' | 951 | 1,029 | ' | 516 | 678 | 1,297 | 1,530 | 758 | 1,028 |
Interest expense, net | -303 | -249 | -244 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17 | 18 | 32 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of debt discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 46 | 67 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from debt, net | $1,538 | $3,524 | $2,011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $895 | ' | $1,080 | ' | ' | $1,479 | ' | $983 | ' |
Debt Instrument Interest Rate Terms | ' | ' | ' | ' | ' | ' | 'Borrowings bear interest of LIBOR plus 3.5%. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Covenant Description | ' | ' | ' | 'The corporate revolving credit facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to total capitalization ratio of less than or equal to 62.5% in addition to the covenants noted above. Furthermore, the corporate revolving credit facility contains covenants limiting the sale of all or substantially all of the Company's assets, certain change of control provisions and a negative pledge on certain assets. | ' | ' | 'The Ahafo project facility contains a financial ratio covenant requiring the Company to maintain a net debt (total debt net of cash and cash equivalents) to EBITDA (earnings before interest expense, income and mining taxes, depreciation and amortization) ratio of less than or equal to 4.0 and a net debt to total capitalization ratio of less than or equal to 62.5%. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Convertible_Senior_Notes_
Debt - Convertible Senior Notes (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Additional paid-in capital | $8,538 | $8,427 |
Principal amount | 1,150 | ' |
Convertible Senior Notes Net Of Discount 2014 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Additional paid-in capital | 97 | 97 |
Principal amount | 575 | 575 |
Unamortized debt discount | -14 | -40 |
Net carrying amount | 561 | 535 |
Convertible Senior Notes Net Of Discount 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Additional paid-in capital | 123 | 123 |
Principal amount | 575 | 575 |
Unamortized debt discount | -83 | -104 |
Net carrying amount | $492 | $471 |
Other_Liabilities_Other_Liabil
Other Liabilities - Other Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other current liabilities: | ' | ' |
Refinery metal payable and liabilities | $679 | $1,183 |
Accrued operating costs | 157 | 336 |
Reclamation and remediation liabilities | 98 | 82 |
Deferred income tax | 74 | 65 |
Interest | 74 | 74 |
Accrued capital expenditures | 72 | 172 |
Royalties | 58 | 42 |
Derivative instruments | 36 | 1 |
Holt property royalty | 15 | 21 |
Taxes other than income and mining | 6 | 14 |
Boddington contingent consideration | ' | 26 |
Other | 44 | 68 |
Other current liabilities, total | 1,313 | 2,084 |
Other long-term liabilities: | ' | ' |
Holt property royalty | 119 | 219 |
Income and mining taxes | 70 | 65 |
Derivative instruments | 60 | 2 |
Power supply agreements | 39 | 46 |
Boddington contingent consideration | 10 | 15 |
Other | 44 | 25 |
Other long-term liabilities, total | $342 | $372 |
Recovered_Sheet9
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | $490 | ' | ' | |
Gain (loss) on hedge instruments net of tax | -48 | -109 | -136 | |
Change in other comprehensive income (loss) before reclassifications | -486 | ' | ' | |
Reclassifications from accumulated other comprehensive income (loss) | -186 | ' | ' | |
Net current-period other comprehensive income (loss) | -672 | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -182 | 490 | ' | |
Marketable securities adjustments, gross of tax | -175 | ' | ' | |
Unrealized gain on marketable securities, Net of tax | -141 | ' | ' | |
Pension liability adjustments: Amortization, net | 5 | [1] | ' | ' |
Pension Liability Adjustments Gross Of Tax | 5 | ' | ' | |
Pension liability adjustments, Net of tax | 3 | ' | ' | |
Gain (loss) on hedge instruments, gross of tax | -68 | ' | ' | |
Other Income [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Marketable securities adjustments: Sale of marketable securities | -280 | ' | ' | |
Marketable securities adjustments: Impairment of marketable securities | 105 | ' | ' | |
Costs Applicable to Sales [Member] | Operating Cash Flow Hedges [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Gain (loss) on hedge instruments: | -106 | ' | ' | |
Interest Expense, Net [Member] | Forward Starting Swap Hedges [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Gain (loss) on hedge instruments: | 19 | ' | ' | |
Amortization [Member] | Capital Cash Flow Hedges [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Gain (loss) on hedge instruments: | 1 | ' | ' | |
Write-downs [Member] | Capital Cash Flow Hedges [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Gain (loss) on hedge instruments: | 18 | ' | ' | |
Unrealized gain on marketable securities net [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | 542 | ' | ' | |
Change in other comprehensive income (loss) before reclassifications | -436 | ' | ' | |
Reclassifications from accumulated other comprehensive income (loss) | -141 | ' | ' | |
Net current-period other comprehensive income (loss) | -577 | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -35 | ' | ' | |
Tax expense (benefit) | 34 | ' | ' | |
Foreign Currency Translation Adjustments [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | 177 | ' | ' | |
Change in other comprehensive income (loss) before reclassifications | -32 | ' | ' | |
Net current-period other comprehensive income (loss) | -32 | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | 145 | ' | ' | |
Pension And Other Post Retirement Benefit Adjustments [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | -276 | ' | ' | |
Change in other comprehensive income (loss) before reclassifications | 149 | ' | ' | |
Reclassifications from accumulated other comprehensive income (loss) | 3 | ' | ' | |
Net current-period other comprehensive income (loss) | 152 | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -124 | ' | ' | |
Tax expense (benefit) | -2 | ' | ' | |
Changes In Fair Value Of Cash Flow Hedge Instruments [Member] | ' | ' | ' | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance | 47 | ' | ' | |
Change in other comprehensive income (loss) before reclassifications | -167 | ' | ' | |
Reclassifications from accumulated other comprehensive income (loss) | -48 | ' | ' | |
Net current-period other comprehensive income (loss) | -215 | ' | ' | |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance | -168 | ' | ' | |
Tax expense (benefit) | $20 | ' | ' | |
[1] | This accumulated other comprehensive income (loss) component is included in General and administrative and costs that benefit the inventory/production process, as appropriate. Refer to Note 3 for information on costs that benefit the inventory/production process. |
Recovered_Sheet10
Net Change in Operating Assets and Liabilities (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Decrease (increase) in operating assets: | ' | ' | ' |
Trade and accounts receivable | $245 | $19 | $52 |
Inventories, stockpiles and ore on leach pads | -755 | -729 | -495 |
EGR refinery and other assets | 475 | -346 | -266 |
Other assets | -37 | -80 | -51 |
Increase (decrease) in operating liabilities: | ' | ' | ' |
Accounts payable and other accrued liabilities | -480 | -210 | 226 |
EGR refinery and other liabilities | -475 | 346 | 266 |
Reclamation liabilities | -59 | -73 | -43 |
Net change in operating assets and liabilities | ($1,086) | ($1,073) | ($311) |
Recovered_Sheet11
Supplemental Cash Flow Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Information Activities [Abstract] | ' | ' | ' |
Income and mining taxes, net of refunds | $361 | $1,261 | $1,526 |
Pension plan and other benefits and contributions | 57 | 50 | 29 |
Interest, net of amounts capitalized | 247 | 177 | 179 |
Supplemental Cash Flow Information (Textuals) [Abstract] | ' | ' | ' |
Non-cash increase to Investments | ' | $129 | $12 |
Operating_Lease_Commitments_De
Operating Lease Commitments (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Leases Future Minimum Payments Due [Abstract] | ' | ' | ' |
Operating leases future minimum payments due - Current | $12 | ' | ' |
Operating leases future minimum payments due - Year 2 | 10 | ' | ' |
Operating leases future minimum payments due - Year 3 | 10 | ' | ' |
Operating leases future minimum payments due - Year 4 | 8 | ' | ' |
Operating leases future minimum payments due - Year 5 | 7 | ' | ' |
Operating leases future minimum payments due - Thereafter | 14 | ' | ' |
Operating leases future minimum payments due - Total | 61 | ' | ' |
Rent expense | $52 | $72 | $75 |
Condensed_Consolidated_Financi
Condensed Consolidated Financial Statements - Additional Information (Detail) (NUSA [Member]) | Sep. 30, 2013 |
NUSA [Member] | ' |
Percent ownership of Newmont USA by Newmont Mining Corporation | 100.00% |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements - Condensed Consolidating Statement of Income (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | $2,188 | $2,020 | $2,018 | $2,188 | $2,503 | $2,505 | $2,250 | $2,706 | $4,206 | $6,226 | $8,414 | $9,964 | $10,441 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | 1,482 | 1,078 | 1,682 | 1,057 | ' | ' | ' | ' | 2,739 | 3,816 | 5,299 | [1] | 4,334 | [1] | 3,973 | [1] | ||||||||
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | 1,362 | 1,032 | 1,036 | |||||||||||
Reclamation and remediation | 25 | 20 | 18 | 18 | ' | ' | ' | ' | 36 | 56 | 81 | 96 | 120 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 247 | 356 | 350 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 222 | 348 | 373 | |||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 203 | 212 | 198 | |||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,352 | 52 | 2,084 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300 | 449 | 265 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,066 | 6,879 | 8,399 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 349 | 278 | 12 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -303 | -249 | -244 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 29 | -232 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,606 | [2] | 3,114 | 1,810 | [3] | |||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 755 | -876 | -747 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5 | -51 | 11 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,856 | 2,187 | 1,074 | |||||||||||
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61 | -76 | -136 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,795 | 2,111 | 938 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 261 | -309 | -606 | |||||||||||
Net income (loss) attributable to Newmont stockholders | -1,187 | [4] | 398 | [4] | -2,059 | [4] | 314 | [4] | 666 | [4] | 368 | [4] | 280 | [4] | 488 | [4] | -1,745 | -1,347 | -2,534 | 1,802 | 332 | |||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,466 | 1,950 | 482 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 260 | -310 | -606 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,206 | 1,640 | -124 | |||||||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | 2,169 | 1,983 | 1,993 | 2,177 | ' | ' | ' | ' | 4,170 | 6,153 | 8,322 | 9,868 | 10,358 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | 1,453 | 1,036 | 1,653 | 1,044 | ' | ' | ' | ' | 2,697 | 3,733 | 5,186 | 4,238 | 3,890 | |||||||||||
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | ' | ' | ' | |||||||||||
Reclamation and remediation | 25 | 20 | 18 | 18 | ' | ' | ' | ' | 36 | 56 | ' | ' | ' | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,585 | 3,114 | 1,810 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 813 | -869 | -713 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,716 | 2,118 | 972 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 254 | ' | ' | |||||||||||
Net income (loss) attributable to Newmont stockholders | -1,166 | 408 | -2,019 | 315 | ' | ' | ' | ' | -1,704 | -1,296 | -2,462 | 1,809 | 366 | |||||||||||
Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | 11 | [5] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | 13 | [5] | ' | ' | ' | ' | ' | ' | 21 | ' | ' | ||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -21 | ' | ' | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -58 | -7 | -34 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -79 | -7 | -34 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | ' | ' | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | -1 | [5] | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | ||||||||||
Newmont Mining Corporation [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | 2 | -166 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144 | 174 | 152 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9 | -15 | -19 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -291 | -245 | -232 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -160 | -84 | -265 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -160 | -84 | -265 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56 | 29 | 199 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,430 | 1,857 | 398 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,534 | 1,802 | 332 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,534 | 1,802 | 332 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,534 | 1,802 | 332 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,206 | 1,640 | -124 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,206 | 1,640 | -124 | |||||||||||
Newmont Mining Corporation [Member] | As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | 2 | -166 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144 | 174 | 152 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9 | -15 | -19 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -291 | -245 | -232 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -160 | -84 | -265 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -160 | -84 | -265 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56 | 29 | 199 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,358 | 1,864 | 432 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,462 | 1,809 | 366 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,462 | 1,809 | 366 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,462 | 1,809 | 366 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,134 | 1,647 | -90 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,134 | 1,647 | -90 | |||||||||||
Newmont Mining Corporation [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | |||||||||||
Newmont USA [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,356 | 2,726 | 2,540 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,151 | [1] | 1,094 | [1] | 1,086 | [1] | ||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 223 | 196 | 214 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 9 | 18 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 86 | 89 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45 | 48 | 44 | |||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101 | 122 | 89 | |||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69 | 48 | 39 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,644 | 1,603 | 1,581 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | 25 | 14 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 29 | 25 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10 | -6 | -8 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | 48 | 31 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 740 | 1,171 | 990 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224 | -316 | -263 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -252 | 432 | 372 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 264 | 1,287 | 1,099 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 264 | 1,287 | 1,099 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 264 | 1,287 | 1,099 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 409 | 1,210 | 985 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 409 | 1,210 | 985 | |||||||||||
Newmont USA [Member] | As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,264 | 2,375 | 2,142 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,059 | 967 | 972 | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 223 | 171 | 184 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | 6 | 15 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 71 | 89 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45 | 43 | 44 | |||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101 | 122 | 89 | |||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69 | 45 | 39 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,552 | 1,425 | 1,434 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | 25 | 14 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23 | 29 | 25 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -10 | -6 | -8 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | 48 | 31 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 740 | 998 | 739 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224 | -268 | -196 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -180 | 616 | 664 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 336 | 1,346 | 1,207 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 336 | 1,346 | 1,207 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 336 | 1,346 | 1,207 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 481 | 1,269 | 1,093 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 481 | 1,269 | 1,093 | |||||||||||
Newmont USA [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | 351 | 398 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | 127 | 114 | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25 | 30 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 3 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | ' | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 92 | 178 | 147 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173 | 251 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48 | -67 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -184 | -292 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -59 | -108 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -59 | -108 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -59 | -108 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -59 | -108 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -72 | -59 | -108 | |||||||||||
Other Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,058 | 7,238 | 7,901 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,148 | [1] | 3,240 | [1] | 2,887 | [1] | ||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,139 | 836 | 822 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | 87 | 102 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 201 | 270 | 261 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 177 | 300 | 329 | |||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102 | 90 | 109 | |||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,352 | 52 | 2,082 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 231 | 401 | 226 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,422 | 5,276 | 6,818 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 338 | 251 | 164 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21 | 21 | 23 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -179 | -209 | -181 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | 2 | -4 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 178 | 65 | 2 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,186 | 2,027 | 1,085 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 923 | -589 | -683 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -334 | 229 | 278 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,597 | 1,667 | 680 | |||||||||||
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61 | -76 | -136 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,536 | 1,591 | 544 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 478 | -443 | -714 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,058 | 1,148 | -170 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,363 | 1,421 | 481 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 477 | -444 | -714 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,886 | 977 | -233 | |||||||||||
Other Subsidiaries [Member] | As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,058 | 7,493 | 8,216 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,127 | 3,271 | 2,918 | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,139 | 861 | 853 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | 90 | 105 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 201 | 285 | 261 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 177 | 305 | 330 | |||||||||||
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102 | 90 | 109 | |||||||||||
Write-down of property, plant and mine development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,352 | 52 | 2,082 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 231 | 404 | 224 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,401 | 5,358 | 6,882 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 338 | 251 | 164 | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21 | -8 | -2 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -179 | -180 | -156 | |||||||||||
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | 2 | -4 | |||||||||||
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 178 | 65 | 2 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,165 | 2,200 | 1,336 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 981 | -630 | -716 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -321 | 229 | 285 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,505 | 1,799 | 905 | |||||||||||
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61 | -76 | -136 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,444 | 1,723 | 769 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 464 | -443 | -718 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,980 | 1,280 | 51 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,271 | 1,553 | 706 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 463 | -444 | -718 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,808 | 1,109 | -12 | |||||||||||
Other Subsidiaries [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -255 | -315 | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs applicable to sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21 | -31 | -31 | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25 | -31 | |||||||||||
Reclamation and remediation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | -3 | |||||||||||
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15 | ' | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5 | -1 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | 2 | |||||||||||
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21 | -82 | -64 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29 | 25 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -29 | -25 | |||||||||||
Income (loss) before income and mining tax and other items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -21 | -173 | -251 | |||||||||||
Income and mining tax benefit (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -58 | 41 | 33 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13 | ' | -7 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -92 | -132 | -225 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -92 | -132 | -225 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | ' | 4 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -78 | -132 | -221 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -92 | -132 | -225 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | ' | 4 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -78 | -132 | -221 | |||||||||||
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -188 | -224 | -200 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 224 | 200 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,011 | -2,569 | -1,037 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,011 | -2,569 | -1,037 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,011 | -2,569 | -1,037 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -217 | 134 | 108 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,794 | -2,435 | -929 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,694 | -2,321 | -860 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -217 | 134 | 108 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,477 | -2,187 | -752 | |||||||||||
Eliminations [Member] | As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -188 | -195 | -175 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 195 | 175 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,854 | -2,760 | -1,370 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,854 | -2,760 | -1,370 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,854 | -2,760 | -1,370 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -210 | 134 | 112 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,644 | -2,626 | -1,258 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,537 | -2,512 | -1,193 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -210 | 134 | 112 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,327 | -2,378 | -1,081 | |||||||||||
Eliminations [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | |||||||||||
Advanced projects, research and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | |||||||||||
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | |||||||||||
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||
Interest income - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -29 | -25 | |||||||||||
Interest expense - intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29 | 25 | |||||||||||
Equity income (loss) of affiliates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 157 | 191 | 333 | |||||||||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 157 | 191 | 333 | |||||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 157 | 191 | 333 | |||||||||||
Net income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7 | ' | -4 | |||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150 | 191 | 329 | |||||||||||
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 157 | 191 | 333 | |||||||||||
Comprehensive income attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7 | ' | -4 | |||||||||||
Comprehensive income (loss) attributable to Newmont stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $150 | $191 | $329 | |||||||||||
[1] | Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||
[2] | Includes write-downs of property plant and mine development of $2,082 for Long Canyon in Nevada and $2,107 for Boddington in Australia. | |||||||||||||||||||||||
[3] | Includes write-downs of property plant and mine development of $2,080 for the Hope Bay project. | |||||||||||||||||||||||
[4] | Attributable to Newmont stockholders. | |||||||||||||||||||||||
[5] | Refer to Note 2 and Note 4 for information on the revision and segment reclassifications, respectively. |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements - Condensed Consolidating Statement of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating activities: | ' | ' | ' |
Net income | ($2,795) | $2,111 | $938 |
Adjustments | 5,442 | 1,350 | 2,964 |
Net change in operating assets and liabilities | -1,086 | -1,073 | -311 |
Net cash provided from (used in) continuing operations | 1,561 | 2,388 | 3,591 |
Net cash used in discontinued operations | -18 | -16 | -7 |
Net cash provided from (used in) operations | 1,543 | 2,372 | 3,584 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -1,900 | -3,210 | -2,787 |
Acquisitions, net | -13 | -25 | -2,309 |
Sale of marketable securities | 589 | 210 | 81 |
Purchases of marketable securities | -1 | -220 | -21 |
Proceeds from sale of other assets | 63 | 41 | 9 |
Other | -51 | -60 | -40 |
Net cash used in investing activities | -1,313 | -3,264 | -5,067 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 1,538 | 3,524 | 2,011 |
Repayment of debt | -1,150 | -1,976 | -2,273 |
Payment of conversion premium on debt | ' | -172 | ' |
Proceeds from stock issuance, net | 2 | 24 | 40 |
Sale of noncontrolling interests | 32 | ' | ' |
Acquisition of noncontrolling interests | -17 | -10 | ' |
Dividends paid to noncontrolling interests | -2 | -3 | -117 |
Dividends paid to common stockholders | -610 | -695 | -494 |
Other | -5 | -3 | -21 |
Net cash provided from (used in) financing activities | -212 | 689 | -854 |
Effect of exchange rate changes on cash | -24 | 4 | 41 |
Net change in cash and cash equivalents | -6 | -199 | -2,296 |
Cash and cash equivalents at beginning of period | 1,561 | 1,760 | 4,056 |
Cash and cash equivalents at end of period | 1,555 | 1,561 | 1,760 |
Newmont Mining Corporation [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -2,534 | 1,802 | 332 |
Adjustments | 2,506 | -1,783 | -233 |
Net change in operating assets and liabilities | -24 | 142 | -102 |
Net cash provided from (used in) continuing operations | -52 | 161 | -3 |
Net cash provided from (used in) operations | -52 | 161 | -3 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 1,024 | 3,345 | 2,034 |
Repayment of debt | -1,024 | -1,802 | -2,008 |
Payment of conversion premium on debt | ' | -172 | ' |
Net intercompany borrowings (repayments) | 661 | -861 | 431 |
Proceeds from stock issuance, net | 2 | 24 | 40 |
Dividends paid to common stockholders | -610 | -695 | -494 |
Other | -1 | ' | ' |
Net cash provided from (used in) financing activities | 52 | -161 | 3 |
Newmont USA [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | 264 | 1,287 | 1,099 |
Adjustments | 833 | -119 | 39 |
Net change in operating assets and liabilities | -245 | -279 | -14 |
Net cash provided from (used in) continuing operations | 852 | 889 | 1,124 |
Net cash provided from (used in) operations | 852 | 889 | 1,124 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -441 | -634 | -520 |
Sale of marketable securities | ' | 210 | ' |
Purchases of marketable securities | ' | -220 | ' |
Advance to affiliate | ' | ' | -2,525 |
Net cash used in investing activities | -441 | -644 | -3,045 |
Financing activities: | ' | ' | ' |
Repayment of debt | ' | -164 | -253 |
Net intercompany borrowings (repayments) | -325 | 252 | -127 |
Other | ' | -1 | ' |
Net cash provided from (used in) financing activities | -325 | 87 | -380 |
Net change in cash and cash equivalents | 86 | 332 | -2,301 |
Cash and cash equivalents at beginning of period | 342 | 10 | 2,311 |
Cash and cash equivalents at end of period | 428 | 342 | 10 |
Other Subsidiaries [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -3,536 | 1,591 | 544 |
Adjustments | 5,119 | 697 | 2,193 |
Net change in operating assets and liabilities | -817 | -936 | -195 |
Net cash provided from (used in) continuing operations | 766 | 1,352 | 2,542 |
Net cash used in discontinued operations | -18 | -16 | -7 |
Net cash provided from (used in) operations | 748 | 1,336 | 2,535 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -1,459 | -2,576 | -2,267 |
Acquisitions, net | -13 | -25 | -2,309 |
Sale of marketable securities | 589 | ' | 81 |
Purchases of marketable securities | -1 | ' | -21 |
Proceeds from sale of other assets | 63 | 41 | 9 |
Other | -51 | -60 | -40 |
Net cash used in investing activities | -872 | -2,620 | -4,547 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 514 | 179 | -23 |
Repayment of debt | -126 | -10 | -12 |
Net intercompany borrowings (repayments) | -333 | 613 | 2,259 |
Sale of noncontrolling interests | 32 | ' | ' |
Acquisition of noncontrolling interests | -17 | -10 | ' |
Dividends paid to noncontrolling interests | -5 | -7 | -155 |
Dividends paid to common stockholders | -5 | -14 | -72 |
Other | -4 | -2 | -21 |
Net cash provided from (used in) financing activities | 56 | 749 | 1,976 |
Effect of exchange rate changes on cash | -24 | 4 | 41 |
Net change in cash and cash equivalents | -92 | -531 | 5 |
Cash and cash equivalents at beginning of period | 1,219 | 1,750 | 1,745 |
Cash and cash equivalents at end of period | 1,127 | 1,219 | 1,750 |
As Previously Reported [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -2,716 | 2,118 | 972 |
Net change in operating assets and liabilities | -1,107 | ' | ' |
Net cash provided from (used in) continuing operations | 1,561 | 2,388 | 3,591 |
As Previously Reported [Member] | Newmont Mining Corporation [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -2,462 | 1,809 | 366 |
Adjustments | 2,434 | -1,797 | -301 |
Net change in operating assets and liabilities | -24 | 142 | -102 |
Net cash provided from (used in) continuing operations | -52 | 154 | -37 |
Net cash provided from (used in) operations | -52 | 154 | -37 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 1,024 | 3,345 | 2,034 |
Repayment of debt | -1,024 | -1,802 | -2,008 |
Payment of conversion premium on debt | ' | -172 | ' |
Net intercompany borrowings (repayments) | 661 | -854 | 465 |
Proceeds from stock issuance, net | 2 | 24 | 40 |
Dividends paid to common stockholders | -611 | -695 | -494 |
Net cash provided from (used in) financing activities | 52 | -154 | 37 |
As Previously Reported [Member] | Newmont USA [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | 336 | 1,346 | 1,207 |
Adjustments | 761 | -338 | -319 |
Net change in operating assets and liabilities | -245 | -245 | 14 |
Net cash provided from (used in) continuing operations | 852 | 763 | 902 |
Net cash provided from (used in) operations | 852 | 763 | 902 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -441 | -541 | -425 |
Advance to affiliate | ' | ' | -2,525 |
Net cash used in investing activities | -441 | -541 | -2,950 |
Financing activities: | ' | ' | ' |
Repayment of debt | ' | -164 | -253 |
Net intercompany borrowings (repayments) | -325 | 274 | ' |
Net cash provided from (used in) financing activities | -325 | 110 | -253 |
Net change in cash and cash equivalents | 86 | 332 | -2,301 |
Cash and cash equivalents at beginning of period | 342 | 10 | 2,311 |
Cash and cash equivalents at end of period | 428 | 342 | 10 |
As Previously Reported [Member] | Other Subsidiaries [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -3,444 | 1,723 | 769 |
Adjustments | 5,048 | 732 | 2,252 |
Net change in operating assets and liabilities | -838 | -970 | -223 |
Net cash provided from (used in) continuing operations | 766 | 1,485 | 2,798 |
Net cash used in discontinued operations | -18 | -16 | -7 |
Net cash provided from (used in) operations | 748 | 1,469 | 2,791 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | -1,459 | -2,669 | -2,362 |
Acquisitions, net | -13 | -25 | -2,309 |
Sale of marketable securities | 589 | 210 | 81 |
Purchases of marketable securities | -1 | -220 | -21 |
Proceeds from sale of other assets | 63 | 41 | 9 |
Other | -51 | -60 | -40 |
Net cash used in investing activities | -872 | -2,723 | -4,642 |
Financing activities: | ' | ' | ' |
Proceeds from debt, net | 514 | 179 | -23 |
Repayment of debt | -126 | -10 | -12 |
Net intercompany borrowings (repayments) | -333 | 580 | 2,094 |
Sale of noncontrolling interests | 32 | ' | ' |
Acquisition of noncontrolling interests | -17 | -10 | ' |
Dividends paid to noncontrolling interests | -5 | -3 | -151 |
Dividends paid to common stockholders | -5 | -14 | -72 |
Other | -4 | -3 | -21 |
Net cash provided from (used in) financing activities | 56 | 719 | 1,815 |
Effect of exchange rate changes on cash | -24 | 4 | 41 |
Net change in cash and cash equivalents | -92 | -531 | 5 |
Cash and cash equivalents at beginning of period | 1,219 | 1,750 | 1,745 |
Cash and cash equivalents at end of period | 1,127 | 1,219 | 1,750 |
Revision and Co-product Reclassification [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -79 | -7 | -34 |
Net change in operating assets and liabilities | 21 | ' | ' |
Revision and Co-product Reclassification [Member] | Newmont Mining Corporation [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -72 | -7 | -34 |
Adjustments | 72 | 14 | 68 |
Net cash provided from (used in) continuing operations | ' | 7 | 34 |
Net cash provided from (used in) operations | ' | 7 | 34 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | -7 | -34 |
Dividends paid to common stockholders | 1 | ' | ' |
Other | -1 | ' | ' |
Net cash provided from (used in) financing activities | ' | -7 | -34 |
Revision and Co-product Reclassification [Member] | Newmont USA [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -72 | -59 | -108 |
Adjustments | 72 | 219 | 358 |
Net change in operating assets and liabilities | ' | -34 | -28 |
Net cash provided from (used in) continuing operations | ' | 126 | 222 |
Net cash provided from (used in) operations | ' | 126 | 222 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | ' | -93 | -95 |
Sale of marketable securities | ' | 210 | ' |
Purchases of marketable securities | ' | -220 | ' |
Net cash used in investing activities | ' | -103 | -95 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | -22 | -127 |
Other | ' | -1 | ' |
Net cash provided from (used in) financing activities | ' | -23 | -127 |
Revision and Co-product Reclassification [Member] | Other Subsidiaries [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | -92 | -132 | -225 |
Adjustments | 71 | -35 | -59 |
Net change in operating assets and liabilities | 21 | 34 | 28 |
Net cash provided from (used in) continuing operations | ' | -133 | -256 |
Net cash provided from (used in) operations | ' | -133 | -256 |
Investing activities: | ' | ' | ' |
Additions to property, plant and mine development | ' | 93 | 95 |
Sale of marketable securities | ' | -210 | ' |
Purchases of marketable securities | ' | 220 | ' |
Net cash used in investing activities | ' | 103 | 95 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | 33 | 165 |
Dividends paid to noncontrolling interests | ' | -4 | -4 |
Other | ' | 1 | ' |
Net cash provided from (used in) financing activities | ' | 30 | 161 |
Eliminations [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | 3,011 | -2,569 | -1,037 |
Adjustments | -3,016 | 2,555 | 965 |
Net cash provided from (used in) continuing operations | -5 | -14 | -72 |
Net cash provided from (used in) operations | -5 | -14 | -72 |
Investing activities: | ' | ' | ' |
Advance to affiliate | ' | ' | 2,525 |
Net cash used in investing activities | ' | ' | 2,525 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | -3 | -4 | -2,563 |
Dividends paid to noncontrolling interests | 3 | 4 | 38 |
Dividends paid to common stockholders | 5 | 14 | 72 |
Net cash provided from (used in) financing activities | 5 | 14 | -2,453 |
Eliminations [Member] | As Previously Reported [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | 2,854 | -2,760 | -1,370 |
Adjustments | -2,859 | 2,746 | 1,298 |
Net cash provided from (used in) continuing operations | -5 | -14 | -72 |
Net cash provided from (used in) operations | -5 | -14 | -72 |
Investing activities: | ' | ' | ' |
Advance to affiliate | ' | ' | 2,525 |
Net cash used in investing activities | ' | ' | 2,525 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | -3 | ' | -2,559 |
Dividends paid to noncontrolling interests | 3 | ' | 34 |
Dividends paid to common stockholders | 5 | 14 | 72 |
Net cash provided from (used in) financing activities | 5 | 14 | -2,453 |
Eliminations [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' |
Operating activities: | ' | ' | ' |
Net income | 157 | 191 | 333 |
Adjustments | -157 | -191 | -333 |
Financing activities: | ' | ' | ' |
Net intercompany borrowings (repayments) | ' | -4 | -4 |
Dividends paid to noncontrolling interests | ' | $4 | $4 |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements - Condensed Consolidating Balance Sheet (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and cash equivalents | $1,555 | $1,561 | $1,760 | $4,056 |
Trade receivables | 230 | 283 | ' | ' |
Accounts receivable | 252 | 577 | ' | ' |
Investments | 78 | 86 | ' | ' |
Inventories | 717 | 796 | ' | ' |
Stockpiles and ore on leach pads | 805 | 786 | ' | ' |
Deferred income tax assets | 246 | 195 | ' | ' |
Other current assets | 1,006 | 1,661 | ' | ' |
Current assets | 4,889 | 5,945 | ' | ' |
Property, plant and mine development, net | 14,277 | 18,010 | ' | ' |
Investments | 439 | 1,446 | ' | ' |
Stockpiles and ore on leach pads | 2,680 | 2,896 | ' | ' |
Deferred income tax assets | 1,478 | 404 | ' | ' |
Other long-term assets | 844 | 872 | ' | ' |
Total assets | 24,607 | 29,573 | 26,041 | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 595 | 10 | ' | ' |
Accounts payable | 478 | 657 | ' | ' |
Employee-related benefits | 341 | 339 | ' | ' |
Income and mining taxes | 13 | 51 | ' | ' |
Other current liabilities | 1,313 | 2,084 | ' | ' |
Current liabilities | 2,740 | 3,141 | ' | ' |
Debt | 6,145 | 6,288 | ' | ' |
Reclamation and remediation liabilities | 1,513 | 1,457 | ' | ' |
Deferred income tax liabilities | 635 | 858 | ' | ' |
Employee-related benefits | 323 | 586 | ' | ' |
Other long-term liabilities | 342 | 372 | ' | ' |
Total liabilities | 11,698 | 12,702 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 9,993 | 13,696 | ' | ' |
Noncontrolling interests | 2,916 | 3,175 | ' | ' |
Total equity | 12,909 | 16,871 | 15,701 | 15,680 |
Total liabilities and equity | 24,607 | 29,573 | ' | ' |
As Previously Reported [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Total assets | 24,764 | 29,650 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Employee-related benefits | 325 | ' | ' | ' |
Total liabilities | 11,700 | ' | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 10,141 | 13,773 | ' | ' |
Noncontrolling interests | 2,923 | ' | ' | ' |
Total equity | 13,064 | 16,948 | ' | ' |
Total liabilities and equity | 24,764 | 29,650 | ' | ' |
Revision and Co-product Reclassification [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Total assets | -157 | -77 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Employee-related benefits | -2 | ' | ' | ' |
Total liabilities | -2 | ' | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -148 | -77 | ' | ' |
Noncontrolling interests | -7 | ' | ' | ' |
Total equity | -155 | -77 | ' | ' |
Total liabilities and equity | -157 | -77 | ' | ' |
Newmont Mining Corporation [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Accounts receivable | ' | 20 | ' | ' |
Intercompany receivable | 1,400 | 2,748 | ' | ' |
Investments | 22 | 58 | ' | ' |
Deferred income tax assets | 3 | ' | ' | ' |
Current assets | 1,425 | 2,826 | ' | ' |
Property, plant and mine development, net | 32 | ' | ' | ' |
Investments in subsidiaries | 13,982 | 16,522 | ' | ' |
Deferred income tax assets | 694 | 791 | ' | ' |
Long-term intercompany receivable | 3,204 | 3,907 | ' | ' |
Other long-term assets | 46 | 52 | ' | ' |
Total assets | 19,383 | 24,098 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 561 | ' | ' | ' |
Intercompany payable | 3,092 | 3,969 | ' | ' |
Other current liabilities | 71 | 71 | ' | ' |
Current liabilities | 3,724 | 4,040 | ' | ' |
Debt | 5,556 | 6,069 | ' | ' |
Employee-related benefits | 5 | 5 | ' | ' |
Long-term intercompany payable | 196 | 381 | ' | ' |
Total liabilities | 9,481 | 10,495 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 9,902 | 13,603 | ' | ' |
Total equity | 9,902 | 13,603 | ' | ' |
Total liabilities and equity | 19,383 | 24,098 | ' | ' |
Newmont Mining Corporation [Member] | As Previously Reported [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Accounts receivable | ' | 20 | ' | ' |
Intercompany receivable | 1,400 | 2,748 | ' | ' |
Investments | 22 | 58 | ' | ' |
Deferred income tax assets | 3 | ' | ' | ' |
Current assets | 1,425 | 2,826 | ' | ' |
Property, plant and mine development, net | 32 | ' | ' | ' |
Investments in subsidiaries | 14,130 | 16,599 | ' | ' |
Deferred income tax assets | 694 | 791 | ' | ' |
Long-term intercompany receivable | 3,204 | 3,907 | ' | ' |
Other long-term assets | 46 | 52 | ' | ' |
Total assets | 19,531 | 24,175 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 561 | ' | ' | ' |
Intercompany payable | 3,092 | 3,969 | ' | ' |
Other current liabilities | 71 | 71 | ' | ' |
Current liabilities | 3,724 | 4,040 | ' | ' |
Debt | 5,556 | 6,069 | ' | ' |
Employee-related benefits | 5 | 5 | ' | ' |
Long-term intercompany payable | 196 | 381 | ' | ' |
Total liabilities | 9,481 | 10,495 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 10,050 | 13,680 | ' | ' |
Total equity | 10,050 | 13,680 | ' | ' |
Total liabilities and equity | 19,531 | 24,175 | ' | ' |
Newmont Mining Corporation [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Investments in subsidiaries | -148 | -77 | ' | ' |
Total assets | -148 | -77 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -148 | -77 | ' | ' |
Total equity | -148 | -77 | ' | ' |
Total liabilities and equity | -148 | -77 | ' | ' |
Newmont USA [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 428 | 342 | 10 | 2,311 |
Trade receivables | 21 | 57 | ' | ' |
Accounts receivable | 23 | 10 | ' | ' |
Intercompany receivable | 6,089 | 6,276 | ' | ' |
Investments | 1 | 7 | ' | ' |
Inventories | 146 | 147 | ' | ' |
Stockpiles and ore on leach pads | 358 | 245 | ' | ' |
Deferred income tax assets | 157 | 109 | ' | ' |
Other current assets | 73 | 48 | ' | ' |
Current assets | 7,296 | 7,241 | ' | ' |
Property, plant and mine development, net | 3,026 | 2,869 | ' | ' |
Investments | 7 | 6 | ' | ' |
Investments in subsidiaries | 5,158 | 5,427 | ' | ' |
Stockpiles and ore on leach pads | 512 | 448 | ' | ' |
Deferred income tax assets | 466 | 146 | ' | ' |
Long-term intercompany receivable | 62 | 45 | ' | ' |
Other long-term assets | 223 | 172 | ' | ' |
Total assets | 16,750 | 16,354 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 1 | ' | ' | ' |
Accounts payable | 80 | 97 | ' | ' |
Intercompany payable | 5,404 | 5,240 | ' | ' |
Employee-related benefits | 175 | 149 | ' | ' |
Income and mining taxes | ' | 16 | ' | ' |
Other current liabilities | 161 | 175 | ' | ' |
Current liabilities | 5,821 | 5,677 | ' | ' |
Debt | 7 | 1 | ' | ' |
Reclamation and remediation liabilities | 176 | 183 | ' | ' |
Deferred income tax liabilities | 23 | 24 | ' | ' |
Employee-related benefits | 169 | 385 | ' | ' |
Other long-term liabilities | 20 | 13 | ' | ' |
Total liabilities | 6,216 | 6,283 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 10,534 | 10,071 | ' | ' |
Total equity | 10,534 | 10,071 | ' | ' |
Total liabilities and equity | 16,750 | 16,354 | ' | ' |
Newmont USA [Member] | As Previously Reported [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 428 | 342 | 10 | 2,311 |
Trade receivables | 21 | 23 | ' | ' |
Accounts receivable | 23 | 10 | ' | ' |
Intercompany receivable | 6,089 | 7,052 | ' | ' |
Investments | 1 | 7 | ' | ' |
Inventories | 146 | 104 | ' | ' |
Stockpiles and ore on leach pads | 358 | 215 | ' | ' |
Deferred income tax assets | 164 | 109 | ' | ' |
Other current assets | 73 | 46 | ' | ' |
Current assets | 7,303 | 7,908 | ' | ' |
Property, plant and mine development, net | 3,026 | 2,187 | ' | ' |
Investments | 7 | 6 | ' | ' |
Investments in subsidiaries | 5,306 | 6,041 | ' | ' |
Stockpiles and ore on leach pads | 512 | 401 | ' | ' |
Deferred income tax assets | 459 | 146 | ' | ' |
Long-term intercompany receivable | 62 | 45 | ' | ' |
Other long-term assets | 223 | 158 | ' | ' |
Total assets | 16,898 | 16,892 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 1 | ' | ' | ' |
Accounts payable | 80 | 78 | ' | ' |
Intercompany payable | 5,404 | 5,743 | ' | ' |
Employee-related benefits | 175 | 149 | ' | ' |
Income and mining taxes | ' | 16 | ' | ' |
Other current liabilities | 161 | 147 | ' | ' |
Current liabilities | 5,821 | 6,133 | ' | ' |
Debt | 7 | 1 | ' | ' |
Reclamation and remediation liabilities | 176 | 147 | ' | ' |
Deferred income tax liabilities | 23 | 20 | ' | ' |
Employee-related benefits | 169 | 384 | ' | ' |
Other long-term liabilities | 20 | 11 | ' | ' |
Total liabilities | 6,216 | 6,696 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 10,682 | 10,196 | ' | ' |
Total equity | 10,682 | 10,196 | ' | ' |
Total liabilities and equity | 16,898 | 16,892 | ' | ' |
Newmont USA [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Trade receivables | ' | 34 | ' | ' |
Intercompany receivable | ' | -776 | ' | ' |
Inventories | ' | 43 | ' | ' |
Stockpiles and ore on leach pads | ' | 30 | ' | ' |
Deferred income tax assets | -7 | ' | ' | ' |
Other current assets | ' | 2 | ' | ' |
Current assets | -7 | -667 | ' | ' |
Property, plant and mine development, net | ' | 682 | ' | ' |
Investments in subsidiaries | -148 | -614 | ' | ' |
Stockpiles and ore on leach pads | ' | 47 | ' | ' |
Deferred income tax assets | 7 | ' | ' | ' |
Other long-term assets | ' | 14 | ' | ' |
Total assets | -148 | -538 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Accounts payable | ' | 19 | ' | ' |
Intercompany payable | ' | -503 | ' | ' |
Other current liabilities | ' | 28 | ' | ' |
Current liabilities | ' | -456 | ' | ' |
Reclamation and remediation liabilities | ' | 36 | ' | ' |
Deferred income tax liabilities | ' | 4 | ' | ' |
Employee-related benefits | ' | 1 | ' | ' |
Other long-term liabilities | ' | 2 | ' | ' |
Total liabilities | ' | -413 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -148 | -125 | ' | ' |
Total equity | -148 | -125 | ' | ' |
Total liabilities and equity | -148 | -538 | ' | ' |
Other Subsidiaries [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 1,127 | 1,219 | 1,750 | 1,745 |
Trade receivables | 209 | 226 | ' | ' |
Accounts receivable | 229 | 547 | ' | ' |
Intercompany receivable | 5,672 | 5,465 | ' | ' |
Investments | 55 | 21 | ' | ' |
Inventories | 571 | 649 | ' | ' |
Stockpiles and ore on leach pads | 447 | 541 | ' | ' |
Deferred income tax assets | 86 | 153 | ' | ' |
Other current assets | 933 | 1,613 | ' | ' |
Current assets | 9,329 | 10,434 | ' | ' |
Property, plant and mine development, net | 11,263 | 15,178 | ' | ' |
Investments | 432 | 1,440 | ' | ' |
Investments in subsidiaries | 2,807 | 3,099 | ' | ' |
Stockpiles and ore on leach pads | 2,168 | 2,448 | ' | ' |
Deferred income tax assets | 844 | 608 | ' | ' |
Long-term intercompany receivable | 367 | 564 | ' | ' |
Other long-term assets | 575 | 648 | ' | ' |
Total assets | 27,785 | 34,419 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 33 | 10 | ' | ' |
Accounts payable | 398 | 560 | ' | ' |
Intercompany payable | 4,665 | 5,280 | ' | ' |
Employee-related benefits | 166 | 190 | ' | ' |
Income and mining taxes | 13 | 35 | ' | ' |
Other current liabilities | 1,081 | 1,838 | ' | ' |
Current liabilities | 6,356 | 7,913 | ' | ' |
Debt | 582 | 218 | ' | ' |
Reclamation and remediation liabilities | 1,337 | 1,274 | ' | ' |
Deferred income tax liabilities | 1,138 | 2,040 | ' | ' |
Employee-related benefits | 149 | 196 | ' | ' |
Long-term intercompany payable | 3,481 | 4,172 | ' | ' |
Other long-term liabilities | 322 | 359 | ' | ' |
Total liabilities | 13,365 | 16,172 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 9,816 | 13,208 | ' | ' |
Noncontrolling interests | 4,604 | 5,039 | ' | ' |
Total equity | 14,420 | 18,247 | ' | ' |
Total liabilities and equity | 27,785 | 34,419 | ' | ' |
Other Subsidiaries [Member] | As Previously Reported [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 1,127 | 1,219 | 1,750 | 1,745 |
Trade receivables | 209 | 260 | ' | ' |
Accounts receivable | 229 | 547 | ' | ' |
Intercompany receivable | 5,672 | 5,857 | ' | ' |
Investments | 55 | 21 | ' | ' |
Inventories | 571 | 692 | ' | ' |
Stockpiles and ore on leach pads | 425 | 571 | ' | ' |
Deferred income tax assets | 86 | 153 | ' | ' |
Other current assets | 933 | 1,615 | ' | ' |
Current assets | 9,307 | 10,935 | ' | ' |
Property, plant and mine development, net | 11,263 | 15,860 | ' | ' |
Investments | 432 | 1,440 | ' | ' |
Investments in subsidiaries | 2,839 | 3,115 | ' | ' |
Stockpiles and ore on leach pads | 2,211 | 2,495 | ' | ' |
Deferred income tax assets | 980 | 685 | ' | ' |
Long-term intercompany receivable | 367 | 564 | ' | ' |
Other long-term assets | 575 | 662 | ' | ' |
Total assets | 27,974 | 35,756 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Debt | 33 | 10 | ' | ' |
Accounts payable | 398 | 579 | ' | ' |
Intercompany payable | 4,665 | 5,945 | ' | ' |
Employee-related benefits | 166 | 190 | ' | ' |
Income and mining taxes | 13 | 35 | ' | ' |
Other current liabilities | 1,081 | 1,866 | ' | ' |
Current liabilities | 6,356 | 8,625 | ' | ' |
Debt | 582 | 218 | ' | ' |
Reclamation and remediation liabilities | 1,337 | 1,310 | ' | ' |
Deferred income tax liabilities | 1,138 | 2,044 | ' | ' |
Employee-related benefits | 151 | 197 | ' | ' |
Long-term intercompany payable | 3,481 | 4,172 | ' | ' |
Other long-term liabilities | 322 | 361 | ' | ' |
Total liabilities | 13,367 | 16,927 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 9,991 | 13,782 | ' | ' |
Noncontrolling interests | 4,616 | 5,047 | ' | ' |
Total equity | 14,607 | 18,829 | ' | ' |
Total liabilities and equity | 27,974 | 35,756 | ' | ' |
Other Subsidiaries [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Trade receivables | ' | -34 | ' | ' |
Intercompany receivable | ' | -392 | ' | ' |
Inventories | ' | -43 | ' | ' |
Stockpiles and ore on leach pads | 22 | -30 | ' | ' |
Other current assets | ' | -2 | ' | ' |
Current assets | 22 | -501 | ' | ' |
Property, plant and mine development, net | ' | -682 | ' | ' |
Investments in subsidiaries | -32 | -16 | ' | ' |
Stockpiles and ore on leach pads | -43 | -47 | ' | ' |
Deferred income tax assets | -136 | -77 | ' | ' |
Other long-term assets | ' | -14 | ' | ' |
Total assets | -189 | -1,337 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Accounts payable | ' | -19 | ' | ' |
Intercompany payable | ' | -665 | ' | ' |
Other current liabilities | ' | -28 | ' | ' |
Current liabilities | ' | -712 | ' | ' |
Reclamation and remediation liabilities | ' | -36 | ' | ' |
Deferred income tax liabilities | ' | -4 | ' | ' |
Employee-related benefits | -2 | -1 | ' | ' |
Other long-term liabilities | ' | -2 | ' | ' |
Total liabilities | -2 | -755 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -175 | -574 | ' | ' |
Noncontrolling interests | -12 | -8 | ' | ' |
Total equity | -187 | -582 | ' | ' |
Total liabilities and equity | -189 | -1,337 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Intercompany receivable | -13,161 | -14,489 | ' | ' |
Deferred income tax assets | ' | -67 | ' | ' |
Current assets | -13,161 | -14,556 | ' | ' |
Property, plant and mine development, net | -44 | -37 | ' | ' |
Investments in subsidiaries | -21,947 | -25,048 | ' | ' |
Deferred income tax assets | -526 | -1,141 | ' | ' |
Long-term intercompany receivable | -3,633 | -4,516 | ' | ' |
Total assets | -39,311 | -45,298 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Intercompany payable | -13,161 | -14,489 | ' | ' |
Current liabilities | -13,161 | -14,489 | ' | ' |
Deferred income tax liabilities | -526 | -1,206 | ' | ' |
Long-term intercompany payable | -3,677 | -4,553 | ' | ' |
Total liabilities | -17,364 | -20,248 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -20,259 | -23,186 | ' | ' |
Noncontrolling interests | -1,688 | -1,864 | ' | ' |
Total equity | -21,947 | -25,050 | ' | ' |
Total liabilities and equity | -39,311 | -45,298 | ' | ' |
Eliminations [Member] | As Previously Reported [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Intercompany receivable | -13,161 | -15,657 | ' | ' |
Deferred income tax assets | ' | -67 | ' | ' |
Current assets | -13,161 | -15,724 | ' | ' |
Property, plant and mine development, net | -44 | -37 | ' | ' |
Investments in subsidiaries | -22,275 | -25,755 | ' | ' |
Deferred income tax assets | -526 | -1,141 | ' | ' |
Long-term intercompany receivable | -3,633 | -4,516 | ' | ' |
Total assets | -39,639 | -47,173 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Intercompany payable | -13,161 | -15,657 | ' | ' |
Current liabilities | -13,161 | -15,657 | ' | ' |
Deferred income tax liabilities | -526 | -1,206 | ' | ' |
Long-term intercompany payable | -3,677 | -4,553 | ' | ' |
Total liabilities | -17,364 | -21,416 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | -20,582 | -23,885 | ' | ' |
Noncontrolling interests | -1,693 | -1,872 | ' | ' |
Total equity | -22,275 | -25,757 | ' | ' |
Total liabilities and equity | -39,639 | -47,173 | ' | ' |
Eliminations [Member] | Revision and Co-product Reclassification [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Intercompany receivable | ' | 1,168 | ' | ' |
Current assets | ' | 1,168 | ' | ' |
Investments in subsidiaries | 328 | 707 | ' | ' |
Total assets | 328 | 1,875 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Intercompany payable | ' | 1,168 | ' | ' |
Current liabilities | ' | 1,168 | ' | ' |
Total liabilities | ' | 1,168 | ' | ' |
Equity | ' | ' | ' | ' |
Newmont stockholders' equity | 323 | 699 | ' | ' |
Noncontrolling interests | 5 | 8 | ' | ' |
Total equity | 328 | 707 | ' | ' |
Total liabilities and equity | $328 | $1,875 | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) | 0 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
Jun. 05, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 13, 2013 | Dec. 31, 2013 | Mar. 31, 2010 | Mar. 31, 2009 | Mar. 31, 2008 | Mar. 31, 2007 | Mar. 31, 2006 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 24, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2002 | Aug. 31, 2000 | Aug. 31, 2000 | Dec. 31, 2013 | Apr. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2010 | Mar. 31, 2009 | Mar. 31, 2008 | Mar. 31, 2007 | Mar. 31, 2006 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
USD ($) | USD ($) | USD ($) | USD ($) | Hope Bay Mining Ltd [Member] | PTPI [Member] | To PTPI from NIL NTMC [Member] | To PTPI from NIL NTMC [Member] | To PTPI from NIL NTMC [Member] | To PTPI from NIL NTMC [Member] | To PTPI from NIL NTMC [Member] | NWG Ownership in NewWest Gold [Member] | Jacob Safra Ownership in NWG [Member] | Fronteer Ownership in Aurora [Member] | NWG Investments Inc [Member] | Operating Segments [Member] | Operating Segments [Member] | Nonoperating [Member] | Nonoperating [Member] | Minera Yanacocha [Member] | Minera Yanacocha [Member] | Minera Yanacocha [Member] | Minera Yanacocha [Member] | Minera Yanacocha [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | Batu Hijau [Member] | La Herradura [Member] | Fresnillo Plc [Member] | Minera Yanacocha [Member] | Pt Newmont Nusa Tenggara [Member] | Royalty Expense [Member] | |
Plaintiff | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Plaintiff | USD ($) | PEN | USD ($) | USD ($) | To PTPI from NIL NTMC [Member] | PTMDB [Member] | USD ($) | |||||||||||||||||||||||
Complaints | |||||||||||||||||||||||||||||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued for reclamation obligations relating to mineral properties | ' | $1,432,000,000 | $1,341,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligation, Current | ' | 98,000,000 | 82,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,000,000 | 62,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligation | ' | 1,611,000,000 | 1,539,000,000 | 1,240,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 179,000,000 | 198,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Range of reclamation and remediation liabilities lower limit | ' | 132.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Range of reclamation and remediation liabilities upper limit | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ross Adams US Forest Service expenditures | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimate of possible loss | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership/Economic interest in subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.35% | ' | 48.50% | ' | ' | ' | ' | ' | ' | ' | 44.00% | ' | 51.35% | 31.50% | ' |
Fine paid under protest for spill of elementary mercury | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 1,740,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency number of plaintiffs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of settlement agreements entered into by Yanacocha | ' | 350 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining plaintiffs in the Yanacocha matters | ' | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of complaints to nullify settlements | ' | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
OEFA penalty | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Yanacocha Administrative Actions Range Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Yanacocha Administrative Actions Range Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest, ownership percentage by noncontrolling owners | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56.00% | ' | ' | ' |
Percentage of ownership shares by the Indonesian government or Indonesian nationals in PTNNT | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 51.00% | 44.00% | 37.00% | 30.00% | 23.00% | ' | ' | ' | ' | ' | ' | ' |
Other company ownership percentage in affiliate | ' | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | 86.00% | 100.00% | 42.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale and transfer of shares of interest percent | ' | ' | ' | ' | ' | ' | 7.00% | 7.00% | 7.00% | 7.00% | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate interest to be offered | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31.00% | ' | ' | ' | ' | ' | ' |
PTMDB's ownership in PTNNT | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24.00% | ' | ' | ' | ' | ' |
Damages sought | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum royalty obligation for remainder of current year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 |
Minimum royalty obligation in year two | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,000,000 |
Minimum royalty obligation in year three | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,000,000 |
Minimum royalty obligation in year four | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,000,000 |
Minimum royalty obligation in year five | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,000,000 |
Minimum royalty obligation thereafter | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 323,000,000 |
Letters of Credit Surety Bonds and Bank Guarantees, outstanding | ' | $1,807,000,000 | $1,755,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unaudited_Supplementary_Data_D
Unaudited Supplementary Data (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Sales | $2,188 | $2,020 | $2,018 | $2,188 | $2,503 | $2,505 | $2,250 | $2,706 | $4,206 | $6,226 | $8,414 | $9,964 | $10,441 | |||||||||||||
Costs applicable to sales | 1,482 | 1,078 | 1,682 | 1,057 | ' | ' | ' | ' | 2,739 | 3,816 | 5,299 | [1] | 4,334 | [1] | 3,973 | [1] | ||||||||||
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | 1,362 | 1,032 | 1,036 | |||||||||||||
Reclamation and remediation | 25 | 20 | 18 | 18 | ' | ' | ' | ' | 36 | 56 | 81 | 96 | 120 | |||||||||||||
Gross profit | 300 | [2] | 623 | [2] | -97 | [2] | 846 | [2] | 1,017 | [2] | 1,103 | [2] | 963 | [2] | 1,419 | [2] | 749 | 1,373 | ' | ' | ' | |||||
Income (loss) from continuing operations | -1,195 | [3] | 419 | [3] | -2,133 | [3] | 314 | [3] | 638 | [3] | 401 | [3] | 280 | [3] | 559 | [3] | -1,819 | [3] | -1,400 | [3] | -2,595 | 1,878 | 468 | |||
Income (loss) from discontinued operations | 8 | [3] | -21 | [3] | 74 | [3] | ' | 28 | [3] | -33 | [3] | ' | -71 | [3] | 74 | [3] | 53 | [3] | 61 | -76 | -136 | |||||
Net income (loss) attributable to Newmont stockholders | -1,187 | [3] | 398 | [3] | -2,059 | [3] | 314 | [3] | 666 | [3] | 368 | [3] | 280 | [3] | 488 | [3] | -1,745 | -1,347 | -2,534 | 1,802 | 332 | |||||
Income (loss) from continuing operations, per common share, basic | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.82 | $0.56 | $1.13 | ($3.66) | ($2.82) | ($5.21) | $3.79 | $0.95 | |||||||||||||
Income (loss) from discontinued operations, per common share, basic | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.28) | |||||||||||||
Net income (loss) per common share, basic | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.75 | $0.56 | $0.99 | ($3.51) | ($2.71) | ($5.09) | $3.64 | $0.67 | |||||||||||||
Income (loss) from continuing operations, per common share, diluted | ($2.39) | $0.84 | ($4.29) | $0.63 | $1.28 | $0.81 | $0.56 | $1.11 | ($3.66) | ($2.82) | ($5.21) | $3.76 | $0.93 | |||||||||||||
Income (loss) from discontinued operations, per common share, diluted | $0.01 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) | $0.15 | $0.11 | $0.12 | ($0.15) | ($0.27) | |||||||||||||
Net income (loss) per common share, diluted | ($2.38) | $0.80 | ($4.14) | $0.63 | $1.34 | $0.74 | $0.56 | $0.97 | ($3.51) | ($2.71) | ($5.09) | $3.61 | $0.66 | |||||||||||||
Basic weighted-average shares outstanding | 498 | 498 | 497 | 497 | 497 | 496 | 496 | 495 | ' | ' | 498 | 496 | 494 | |||||||||||||
Diluted weighted-average shares outstanding | 498 | 498 | 497 | 498 | 499 | 499 | 498 | 504 | ' | ' | 498 | 499 | 504 | |||||||||||||
Cash dividends declared per common share | $0.20 | $0.25 | $0.35 | $0.43 | $0.35 | $0.35 | $0.35 | $0.35 | ' | ' | $1.23 | $1.40 | $1 | |||||||||||||
Closing price of common stock | $23.03 | $28.10 | $29.95 | $41.89 | $46.44 | $56.02 | $48.51 | $51.27 | $29.95 | $28.10 | $23.03 | $46.44 | ' | |||||||||||||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Sales | 2,169 | 1,983 | 1,993 | 2,177 | ' | ' | ' | ' | 4,170 | 6,153 | 8,322 | 9,868 | 10,358 | |||||||||||||
Costs applicable to sales | 1,453 | 1,036 | 1,653 | 1,044 | ' | ' | ' | ' | 2,697 | 3,733 | 5,186 | 4,238 | 3,890 | |||||||||||||
Amortization | 381 | 299 | 415 | 267 | ' | ' | ' | ' | 682 | 981 | ' | ' | ' | |||||||||||||
Reclamation and remediation | 25 | 20 | 18 | 18 | ' | ' | ' | ' | 36 | 56 | ' | ' | ' | |||||||||||||
Gross profit | 310 | 628 | -93 | 848 | ' | ' | ' | ' | 755 | 1,383 | ' | ' | ' | |||||||||||||
Income (loss) from continuing operations | -1,174 | [3] | 429 | [3] | -2,093 | [3] | 315 | [3] | ' | ' | ' | ' | -1,778 | [3] | -1,349 | [3] | ' | ' | ' | |||||||
Income (loss) from discontinued operations | 8 | [3] | -21 | [3] | 74 | [3] | ' | ' | ' | ' | ' | 74 | [3] | 53 | [3] | ' | ' | ' | ||||||||
Net income (loss) attributable to Newmont stockholders | -1,166 | 408 | -2,019 | 315 | ' | ' | ' | ' | -1,704 | -1,296 | -2,462 | 1,809 | 366 | |||||||||||||
Income (loss) from continuing operations, per common share, basic | ($2.34) | $0.86 | ($4.21) | $0.63 | ' | ' | ' | ' | ($3.58) | ($2.72) | ' | ' | ' | |||||||||||||
Income (loss) from discontinued operations, per common share, basic | $0.01 | ($0.04) | $0.15 | ' | ' | ' | ' | ' | $0.15 | $0.11 | ' | ' | ' | |||||||||||||
Net income (loss) per common share, basic | ($2.33) | $0.82 | ($4.06) | $0.63 | ' | ' | ' | ' | ($3.43) | ($2.61) | ($4.94) | $3.65 | $0.74 | |||||||||||||
Income (loss) from continuing operations, per common share, diluted | ($2.34) | $0.86 | ($4.21) | $0.63 | ' | ' | ' | ' | ($3.58) | ($2.72) | ' | ' | ' | |||||||||||||
Income (loss) from discontinued operations, per common share, diluted | $0.01 | ($0.04) | $0.15 | ' | ' | ' | ' | ' | $0.15 | $0.11 | ' | ' | ' | |||||||||||||
Net income (loss) per common share, diluted | ($2.33) | $0.82 | ($4.06) | $0.63 | ' | ' | ' | ' | ($3.43) | ($2.61) | ($4.94) | $3.63 | $0.73 | |||||||||||||
Revision and Co-product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Sales | ' | ' | ' | 11 | [4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Costs applicable to sales | ' | ' | ' | 13 | [4] | ' | ' | ' | ' | ' | ' | 21 | ' | ' | ||||||||||||
Gross profit | ' | ' | ' | -2 | [4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Income (loss) from continuing operations | ' | ' | ' | -1 | [3],[4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Net income (loss) attributable to Newmont stockholders | ' | ' | ' | -1 | [4] | ' | ' | ' | ' | ' | ' | -72 | -7 | -34 | ||||||||||||
Net income (loss) per common share, basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.15) | ($0.01) | ($0.07) | |||||||||||||
Net income (loss) per common share, diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.15) | ($0.02) | ($0.07) | |||||||||||||
Scenario Adjustment And Co Product Reclassification [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||
Sales | 19 | [4] | 37 | [4] | 25 | [4] | ' | ' | ' | ' | ' | 36 | [4] | 73 | [4] | ' | ' | ' | ||||||||
Costs applicable to sales | 29 | [4] | 42 | [4] | 29 | [4] | ' | ' | ' | ' | ' | 42 | [4] | 83 | [4] | ' | ' | ' | ||||||||
Gross profit | -10 | [4] | -5 | [4] | -4 | [4] | ' | ' | ' | ' | ' | -6 | [4] | -10 | [4] | ' | ' | ' | ||||||||
Income (loss) from continuing operations | -21 | [3],[4] | -10 | [3],[4] | -40 | [3],[4] | ' | ' | ' | ' | ' | -41 | [3],[4] | -51 | [3],[4] | ' | ' | ' | ||||||||
Net income (loss) attributable to Newmont stockholders | ($21) | [4] | ($10) | [4] | ($40) | [4] | ' | ' | ' | ' | ' | ($41) | [4] | ($51) | [4] | ' | ' | ' | ||||||||
Income (loss) from continuing operations, per common share, basic | ($0.05) | [4] | ($0.02) | [4] | ($0.08) | [4] | ' | ' | ' | ' | ' | ($0.08) | [4] | ($0.10) | [4] | ' | ' | ' | ||||||||
Net income (loss) per common share, basic | ($0.05) | [4] | ($0.02) | [4] | ($0.08) | [4] | ' | ' | ' | ' | ' | ($0.08) | [4] | ($0.10) | [4] | ' | ' | ' | ||||||||
Income (loss) from continuing operations, per common share, diluted | ($0.05) | [4] | ($0.02) | [4] | ($0.08) | [4] | ' | ' | ' | ' | ' | ($0.08) | [4] | ($0.10) | [4] | ' | ' | ' | ||||||||
Net income (loss) per common share, diluted | ($0.05) | [4] | ($0.02) | [4] | ($0.08) | [4] | ' | ' | ' | ' | ' | ($0.08) | [4] | ($0.10) | [4] | ' | ' | ' | ||||||||
[1] | Excludes Amortization and Reclamation and remediation. | |||||||||||||||||||||||||
[2] | Sales less Costs applicable to sales, Amortization and Reclamation and remediation. | |||||||||||||||||||||||||
[3] | Attributable to Newmont stockholders. | |||||||||||||||||||||||||
[4] | Refer to Note 2 and Note 4 for information on the revision and segment reclassifications, respectively. |
Unaudited_Supplementary_Data_A
Unaudited Supplementary Data - Additional Information (Detail) (USD $) | 3 Months Ended | |||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 |
Income Tax Benefit From Internal Restructuring [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | ' | ' | ' | ' | ($59) | ' | ' | ' |
Signifcant after-tax items per share basic | ' | ' | ' | ' | $0.12 | ' | ' | ' |
Segment, Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | -8 | 21 | -74 | ' | -28 | 33 | ' | 71 |
Signifcant after-tax items per share basic | $0.02 | ($0.04) | $0.15 | ' | $0.06 | ($0.07) | ' | ($0.14) |
Net Gains Losses on Sales of Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | -3 | -243 | ' | ' | -82 | -1 | ' | -7 |
Signifcant after-tax items per share basic | $0.01 | $0.49 | ' | ' | $0.17 | $0 | ' | $0.01 |
Restructuring and Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | 8 | 12 | 11 | 5 | 6 | 20 | ' | ' |
Signifcant after-tax items per share basic | ($0.02) | ($0.02) | ($0.02) | ($0.01) | ($0.01) | ($0.04) | ' | ' |
Impairment Losses [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | 1,345 | 29 | 1,497 | 4 | 42 | 7 | 7 | 24 |
Signifcant after-tax items per share basic | ($2.70) | ($0.06) | ($3.01) | ($0.01) | ($0.08) | ($0.01) | ($0.01) | ($0.05) |
Stockpile and Leach Pad Impairments [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Supplementary Data (Textuals) | ' | ' | ' | ' | ' | ' | ' | ' |
Significant after-tax items loss/(gain) | $237 | $35 | $272 | $3 | ' | $3 | $8 | $6 |
Signifcant after-tax items per share basic | ($0.48) | ($0.07) | ($0.55) | ($0.01) | ' | ($0.01) | ($0.02) | ($0.01) |
Valuation_and_Qualifying_Accou
Valuation and Qualifying Accounts (Detail) (Valuation Allowance of Deferred Tax Assets [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Deferred Income Tax Valuation Allowance Balance at beginning of period | $1,626 | $977 | $435 |
Additions to deferred income tax expense | 1,202 | 762 | 723 |
Reduction of deferred income tax expense | -104 | -103 | -149 |
Valuation release to equity | ' | -10 | -32 |
Deferred Income Tax Valuation Allowance Balance at end of period | $2,724 | $1,626 | $977 |