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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income (loss) $ (2,467) $ (369) $ 233
Adjustments:      
Depreciation and amortization 2,108 2,185 2,323
Impairment charges (Note 7) 1,891 1,320 25
Loss on assets held for sale (Note 1) 0 0 571
Net loss (income) from discontinued operations (Note 1) (27) (30) (57)
Reclamation and remediation 1,506 892 1,827
(Gain) loss on asset and investment sales, net 197 (35) (212)
Deferred income taxes (Note 10) (104) (278) (109)
Stock-based compensation (Note 12) 80 73 72
Change in fair value of investments (Note 9) 47 46 135
Charges from pension settlement (Note 11) 9 137 4
Other non-cash adjustments 27 98 (5)
Net change in operating assets and liabilities (Note 24) (513) (841) (541)
Net cash provided by (used in) operating activities of continuing operations 2,754 3,198 4,266
Net cash provided by (used in) operating activities of discontinued operations (Note 1) 9 22 13
Net cash provided by (used in) operating activities 2,763 3,220 4,279 Close
Investing activities:      
Additions to property, plant and mine development (2,666) (2,131) (1,653)
Maturities of investments 1,363 93 0
Acquisitions, net [1] 668 (15) (328)
Purchases of investments (551) (940) (59)
Proceeds from sales of investments 234 171 194
Contributions to equity method investees (108) (194) (150)
Return of investment from equity method investees 36 62 18
Proceeds from sales of mining operations and other assets, net 0 16 84
Other  22 (45) 26
Net cash provided by (used in) investing activities (1,002) (2,983) (1,868) Close
Financing activities:      
Dividends paid to common stockholders (1,415) (1,746) (1,757)
Distributions to noncontrolling interests (150) (191) (200)
Funding from noncontrolling interests 138 117 100
Payments on lease and other financing obligations (Note 21) (67) (66) (73)
Payments for Norte Abierto deferred payment obligation (64) (8) (26)
Payments for withholding of employee taxes related to stock-based compensation (25) (39) (32)
Acquisition of noncontrolling interests (Note 1) 0 (348) 0
Repayment of debt  0 (89) (1,382)
Proceeds from issuance of debt, net (Note 20) 0 0 992
Repurchases of common stock (Note 2) 0 0 (525)
Other (20) 14 (55)
Net cash provided by (used in) financing activities (1,603) (2,356) (2,958) Close
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) (30) (8) Close
Net change in cash, cash equivalents and restricted cash 156 (2,149) (555) Close
Cash, cash equivalents and restricted cash at beginning of period  2,944 5,093 5,648
Cash, cash equivalents and restricted cash at end of period  3,100 2,944 5,093
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 3,002 2,877 4,992
Restricted cash included in Other current assets 11 1 2
Restricted cash included in Other non-current assets 87 66 99
Total cash, cash equivalents and restricted cash 3,100 2,944 5,093
Supplemental cash flow information:      
Income and mining taxes paid, net of refunds 794 1,122 1,534
Interest paid, net of amounts capitalized $ 228 $ 172 $ 229
[1] Acquisitions, net is primarily related to the cash acquired in the Newcrest transaction for the year ended December 31, 2023, and the asset acquisition of the remaining 85.1% of GT Gold for the year ended December 31, 2021. Refer to Note 1 for additional information.