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Condensed Consolidating Financial Statements (Tables)
6 Months Ended
Jun. 30, 2011
Condensed Consolidating Financial Statements (Tables) [Abstract]  
Condensed Consolidating Statement of Income
   Three Months Ended June 30, 2011
       Newmont
   Newmont      Mining
   Mining Newmont Other  Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $1,468 $916 $- $2,384
                 
Costs and expenses               
 Costs applicable to sales (1)  -  551  375  (9)  917
 Amortization    -  156  94  -  250
 Reclamation and remediation   -  37  6  -  43
 Exploration    -  47  42  -  89
 Advanced projects, research and development    -  41  46  (1)  86
 General and administrative    -  39  1  10  50
 Other expense, net  -  67  20  -  87
    -  938  584  -  1,522
                 
Other income (expense)                
 Other income, net    (2)  41  9  -  48
 Interest income - intercompany    40  2  2  (44)  -
 Interest expense - intercompany    (3)  -  (41)  44  -
 Interest expense, net    (59)  (3)  (1)  -  (63)
    (24)  40  (31)  -  (15)
Income before income and mining tax and other items    (24)  570  301  -  847
Income and mining tax expense    5  (111)  (81)  -  (187)
Equity income (loss) of affiliates    406  2  50  (458)  -
Income from continuing operations    387  461  270  (458)  660
Loss from discontinued operations    -  7  (143)  -  (136)
Net income   387  468  127  (458)  524
Net income attributable to noncontrolling interests  -  (173)  30  6  (137)
Net income attributable to Newmont stockholders $387 $295 $157 $(452) $387

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Three Months Ended June 30, 2010
               Newmont
   Newmont         Mining
   Mining Newmont Other    Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $1,410 $743 $- $2,153
                 
Costs and expenses               
 Costs applicable to sales (1)  -  519  335  (6)  848
 Amortization    -  143  89  (1)  231
 Reclamation and remediation   -  10  3  -  13
 Exploration    -  32  21  -  53
 Advanced projects, research and development    -  25  32  -  57
 General and administrative    -  37  -  6  43
 Other expense, net  -  39  21  1  61
    -  805  501  -  1,306
Other income (expense)                
 Other income, net    -  13  31  -  44
 Interest income - intercompany    35  2  1  (38)  -
 Interest expense - intercompany    (3)  -  (35)  38  -
 Interest expense, net    (64)  (4)  (1)  -  (69)
    (32)  11  (4)  -  (25)
Income before income and mining tax and other items  (32)  616  238  -  822
Income and mining tax expense    9  (227)  (65)  -  (283)
Equity income (loss) of affiliates    405  1  63  (471)  (2)
Net income (loss)    382  390  236  (471)  537
Net loss (income) attributable to noncontrolling               
 interests    -  (185)  (10)  40  (155)
Net income (loss) attributable to Newmont               
 stockholders $382 $205 $226 $(431) $382

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Six Months Ended June 30, 2011
       Newmont
   Newmont      Mining
   Mining Newmont Other  Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $2,986 $1,863 $- $4,849
                 
Costs and expenses               
 Costs applicable to sales (1)  -  1,117  759  (19)  1,857
 Amortization    -  315  191  -  506
 Reclamation and remediation   -  48  9  -  57
 Exploration    -  81  70  -  151
 Advanced projects, research and development    -  68  87  (1)  154
 General and administrative    -  73  2  20  95
 Other expense, net  -  121  39  -  160
    -  1,823  1,157  -  2,980
                 
Other income (expense)                
 Other income, net    (8)  67  20  -  79
 Interest income - intercompany    76  4  4  (84)  -
 Interest expense - intercompany    (6)  -  (78)  84  -
 Interest expense, net    (113)  (12)  (3)  -  (128)
    (51)  59  (57)  -  (49)
Income before income and mining tax and other items    (51)  1,222  649  -  1,820
Income and mining tax expense    15  (319)  (188)  -  (492)
Equity income (loss) of affiliates    937  3  139  (1,077)  2
Income from continuing operations    901  906  600  (1,077)  1,330
Loss from discontinued operations    -  7  (143)  -  (136)
Net income  901  913  457  (1,077)  1,194
Net income attributable to noncontrolling interests   -  (365)  10  62  (293)
Net income attributable to Newmont stockholders $901 $548 $467 $(1,015) $901

(1) Excludes Amortization and Reclamation and remediation.

 

                 
   Six Months Ended June 30, 2010
               Newmont
   Newmont         Mining
   Mining Newmont Other    Corporation
Condensed Consolidating Statement of Income Corporation USA Subsidiaries Eliminations Consolidated
                 
Sales $- $3,002 $1,393 $- $4,395
                 
Costs and expenses               
 Costs applicable to sales (1)  -  1,064  664  (11)  1,717
 Amortization    -  286  170  (1)  455
 Reclamation and remediation   -  19  7  -  26
 Exploration    -  56  40  -  96
 Advanced projects, research and development    -  54  49  -  103
 General and administrative    -  75  1  12  88
 Other expense, net  -  115  35  -  150
    -  1,669  966  -  2,635
Other income (expense)                
 Other income, net    -  14  78  -  92
 Interest income - intercompany    71  4  2  (77)  -
 Interest expense - intercompany    (5)  -  (72)  77  -
 Interest expense, net    (126)  (16)  (2)  -  (144)
    (60)  2  6  -  (52)
                 
Income before income and mining tax and other items  (60)  1,335  433  -  1,708
Income and mining tax expense    150  (466)  (108)  -  (424)
Equity income (loss) of affiliates    838  1  130  (973)  (4)
Net income (loss)    928  870  455  (973)  1,280
Net loss (income) attributable to noncontrolling               
 interests    -  (428)  (5)  81  (352)
Net income (loss) attributable to Newmont               
 stockholders $928 $442 $450 $(892) $928

(1) Excludes Amortization and Reclamation and remediation.

 

Condensed Consolidating Statement of Cash Flows
    Six Months Ended June 30, 2011
                Newmont
    Newmont         Mining
    MiningNewmontOther   Corporation
   Condensed Consolidating Statement of Cash FlowsCorporationUSASubsidiariesEliminationsConsolidated
Operating activities:               
  Net income (loss)$901 $913 $457 $(1,077) $1,194 
  Adjustments   39  362  (729)  1,077  749 
  Net change in operating assets and liabilities   (27)  (509)  (4)  -  (540) 
Net cash provided from (used in) continuing operations 913  766  (276)  -  1,403 
Net cash used in discontinued operations -  -  (2)  -  (2) 
Net cash provided from (used in) operations   913  766  (278)  -  1,401 
Investing activities:               
  Additions to property, plant and mine development   -  (671)  (349)  -  (1,020) 
  Proceeds from sale of marketable securities -  55  -  -  55 
  Purchases of marketable securities -  -  (15)  -  (15) 
  Acquisitions, net    -  -  (2,291)  -  (2,291) 
  Proceeds from sale of other assets -  (56)  62  -  6 
  Other   -  -  (15)  -  (15) 
Net cash used in investing activities   -  (672)  (2,608)  -  (3,280) 
Financing activities:               
  Net borrowings (repayments) 83  (276)  (5)  -  (198) 
  Net intercompany borrowings (repayments) (831)  (2,018)  2,849  -  - 
  Dividends paid to common stockholders   (173)  -  -  -  (173) 
  Dividends paid to noncontrolling interests -  (17)  -  -  (17) 
  Proceeds from stock issuance, net 8  -  -  -  8 
  Change in restricted cash and other   -  1  (1)  -  - 
Net cash provided from (used in) financing activities   (913)  (2,310)  2,843  -  (380) 
Effect of exchange rate changes on cash   -  1  57  -  58 
Net change in cash and cash equivalents   -  (2,215)  14  -  (2,201) 
Cash and cash equivalents at beginning of period   -  3,877  179  -  4,056 
Cash and cash equivalents at end of period  $- $1,662 $193 $- $1,855 

    Six Months Ended June 30, 2010
                Newmont
    Newmont         Mining
    MiningNewmontOther   Corporation
   Condensed Consolidating Statement of Cash FlowsCorporationUSASubsidiariesEliminationsConsolidated
Operating activities:               
  Net income (loss)$928 $870 $455 $(973) $1,280 
  Adjustments   (115)  319  (725)  973  452 
  Net change in operating assets and liabilities   (2)  (160)  (89)  -  (251) 
Net cash provided from (used in) continuing operations   811  1,029  (359)  -  1,481 
Net cash used in discontinued operations   -  (13)  -  -  (13) 
Net cash provided from (used in) operations   811  1,016  (359)  -  1,468 
Investing activities:               
  Additions to property, plant and mine development   -  (283)  (345)  -  (628) 
  Proceeds from sale of marketable securities -  -  1  -  1 
  Purchases of marketable securities -  -  (7)  -  (7) 
  Proceeds from sale of other assets -  8  44  -  52 
  Other   -  -  (23)  -  (23) 
Net cash used in investing activities   -  (275)  (330)  -  (605) 
Financing activities:               
  Net repayments -  (257)  (6)  -  (263) 
  Net intercompany borrowings (repayments)  (751)  (23)  855  (81)  - 
  Sale of noncontrolling interests -  229  -  -  229 
  Acquisition of noncontrolling interests -  -  (109)  -  (109) 
  Dividends paid to common stockholders   (98)  -  -  -  (98) 
  Dividends paid to noncontrolling interests -  (388)  -  81  (307) 
  Proceeds from stock issuance, net   30  -  -  -  30 
  Change in restricted cash and other   -  48  -  -  48 
Net cash provided from (used in) financing activities   (819)  (391)  740  -  (470) 
Effect of exchange rate changes on cash   -  -  (6)  -  (6) 
Net change in cash and cash equivalents   (8)  350  45  -  387 
Cash and cash equivalents at beginning of period   8  3,067  140  -  3,215 
Cash and cash equivalents at end of period  $- $3,417 $185 $- $3,602 
Condensed Consolidating Balance Sheet
                  
    At June 30, 2011
            Newmont
    Newmont       Mining
    Mining Newmont Other   Corporation
Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated
Assets               
 Cash and cash equivalents   $- $1,662 $193 $- $1,855
 Trade receivables    -  355  63  -  418
 Accounts receivable    1,608  2,497  1,356  (5,326)  135
 Investments  141  16  46  -  203
 Inventories    -  363  308  -  671
 Stockpiles and ore on leach pads    -  591  105  -  696
 Deferred income tax assets    3  254  51  -  308
 Other current assets    6  144  1,463  -  1,613
  Current assets    1,758  5,882  3,585  (5,326)  5,899
 Property, plant and mine development, net    -  5,687  10,997  (21)  16,663
 Investments    -  22  1,653  -  1,675
 Investments in subsidiaries    16,569  33  2,692  (19,294)  -
 Stockpiles and ore on leach pads    -  1,413  537  -  1,950
 Deferred income tax assets    661  685  159  -  1,505
 Other long-term assets    2,617  653  829  (3,153)  946
  Total assets   $21,605 $14,375 $20,452 $(27,794) $28,638
                  
Liabilities               
 Debt   $501 $28 $10 $- $539
 Accounts payable    3,008  920  1,877  (5,315)  490
 Employee-related benefits    -  159  70  -  229
 Income and mining taxes    -  15  169  -  184
 Other current liabilities    66  388  3,517  (1,973)  1,998
  Current liabilities    3,575  1,510  5,643  (7,288)  3,440
 Debt    3,614  107  50  -  3,771
 Reclamation and remediation liabilities    -  719  313  -  1,032
 Deferred income tax liabilities    6  554  2,175  -  2,735
 Employee-related benefits    5  255  93  -  353
 Other long-term liabilities    389  47  3,053  (3,175)  314
  Total liabilities    7,589  3,192  11,327  (10,463)  11,645
Equity               
 Preferred stock    -  -  61  (61)  -
 Common stock    780  -  -  -  780
 Additional paid-in capital    8,018  2,721  6,991  (9,400)  8,330
 Accumulated other comprehensive income  1,310  (107)  1,545  (1,438)  1,310
 Retained earnings  3,908  5,394  (637)  (4,757)  3,908
 Newmont stockholders’ equity    14,016  8,008  7,960  (15,656)  14,328
 Noncontrolling interests    -  3,175  1,165  (1,675)  2,665
  Total equity  14,016  11,183  9,125  (17,331)  16,993
  Total liabilities and equity $21,605 $14,375 $20,452 $(27,794) $28,638
                  

                  
    At December 31, 2010
            Newmont
    Newmont       Mining
    Mining Newmont Other   Corporation
Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated
Assets               
 Cash and cash equivalents   $- $3,877 $179 $- $4,056
 Trade receivables    -  501  81  -  582
 Accounts receivable    2,222  802  265  (3,201)  88
 Investments  -  72  41  -  113
 Inventories    -  388  270  -  658
 Stockpiles and ore on leach pads    -  513  104  -  617
 Deferred income tax assets    -  170  7  -  177
 Other current assets    -  77  885  -  962
  Current assets    2,222  6,400  1,832  (3,201)  7,253
 Property, plant and mine development, net    -  5,364  7,562  (19)  12,907
 Investments    -  25  1,543  -  1,568
 Investments in subsidiaries    12,295  35  1,909  (14,239)  -
 Stockpiles and ore on leach pads    -  1,347  410  -  1,757
 Deferred income tax assets    638  690  109  -  1,437
 Other long-term assets    2,675  496  584  (3,014)  741
  Total assets   $17,830 $14,357 $13,949 $(20,473) $25,663
                  
Liabilities               
 Debt   $- $249 $10 $- $259
 Accounts payable    355  1,269  1,996  (3,193)  427
 Employee-related benefits    -  222  66  -  288
 Income and mining taxes    19  261  75  -  355
 Other current liabilities    56  373  2,959  (1,970)  1,418
  Current liabilities    430  2,374  5,106  (5,163)  2,747
 Debt  3,991  135  56  -  4,182
 Reclamation and remediation liabilities    -  676  308  -  984
 Deferred income tax liabilities    -  513  975  -  1,488
 Employee-related benefits    5  244  76  -  325
 Other long-term liabilities    375  56  2,824  (3,034)  221
  Total liabilities    4,801  3,998  9,345  (8,197)  9,947
Equity               
 Preferred stock    -  -  61  (61)  -
 Common stock    778  -  -  -  778
 Additional paid-in capital    7,963  2,722  3,894  (6,300)  8,279
 Accumulated other comprehensive income  1,108  (75)  1,180  (1,105)  1,108
 Retained earnings  3,180  4,850  (1,109)  (3,741)  3,180
 Newmont stockholders’ equity    13,029  7,497  4,026  (11,207)  13,345
 Noncontrolling interests    -  2,862  578  (1,069)  2,371
  Total equity  13,029  10,359  4,604  (12,276)  15,716
  Total liabilities and equity $17,830 $14,357 $13,949 $(20,473) $25,663