XML 102 R83.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidating Financial Statements (Details) (USD $)
In Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
Condensed Consolidating Statement of Income          
Sales $ 2,384 $ 2,153 $ 4,849 $ 4,395  
Costs and expenses          
Costs applicable to sales 917 848 1,857 1,717  
Amortization 250 231 506 455  
Reclamation and remediation 43 13 57 26  
Exploration 89 53 151 96  
Advanced projects, research and development 86 57 154 103  
General and administrative 50 43 95 88  
Other expense, net 87 61 160 150  
Total costs and expenses 1,522 1,306 2,980 2,635  
Other income (expense)          
Other income, net 48 44 79 92  
Interest income-intercompany 0 0 0 0  
Interest expense-intercompany 0 0 0 0  
Interest expense, net (63) (69) (128) (144)  
Total other income (expense) (15) (25) (49) (52)  
Income before income and mining tax and other items 847 822 1,820 1,708  
Income and mining tax expense (187) (283) (492) (424)  
Equity income (loss) of affiliates 0 (2) 2 (4)  
Income from continuing operations 660 537 1,330 1,280  
Loss from discontinued operations (136) 0 (136) 0 28
Net income 524 537 1,194 1,280  
Net income attributable to noncontrolling interests (137) (155) (293) (352)  
Net income attributable to Newmont stockholders 387 382 901 928  
Operating activities:          
Net income 524 537 1,194 1,280  
Adjustments     749 452  
Net change in operating assets and liabilities     (540) (251)  
Net cash provided from continuing operations     1,403 1,481  
Net cash used in discontinued operations     (2) (13)  
Net cash provided from operations     1,401 1,468  
Investing activities:          
Additions to property, plant and mine development     (1,020) (628)  
Proceeds from sale of marketable securities     55 1  
Purchases of marketable securities     (15) (7)  
Acquisitions, net     (2,291) 0  
Proceeds from sale of other assets     6 52  
Other     (15) (23)  
Net cash used in investing activities     (3,280) (605)  
Financing activities:          
Net (borrowings) repayments     (198) (263)  
Net intercompany borrowings (repayments)     0 0  
Sale of noncontrolling interests     0 229  
Acquisition of noncontrolling interests     0 (109)  
Dividends paid to common stockholders     (173) (98)  
Dividends paid to noncontrolling interests     (17) (307)  
Proceeds from stock issuance, net     8 30  
Change in restricted cash and other     0 48  
Net cash used in financing activities     (380) (470)  
Effect of exchange rate changes on cash     58 (6)  
Net change in cash and cash equivalents     (2,201) 387  
Cash and cash equivalents at beginning of period     4,056 3,215 3,215
Cash and cash equivalents at end of period 1,855 3,602 1,855 3,602 4,056
Assets          
Cash and cash equivalents 1,855 3,602 1,855 3,602 4,056
Trade receivables 418   418   582
Accounts receivable 135   135   88
Investments 203   203   113
Inventories 671   671   658
Stockpiles and ore on leach pads 696   696   617
Deferred income tax assets 308   308   177
Other current assets 1,613   1,613   962
Current assets 5,899   5,899   7,253
Property, plant and mine development, net 16,663   16,663   12,907
Investments 1,675   1,675   1,568
Investments in subsidiaries 0   0   0
Stockpiles and ore on leach pads 1,950   1,950   1,757
Deferred income tax assets 1,505   1,505   1,437
Other long-term assets 946   946   741
Total assets 28,638   28,638   25,663
Liabilities          
Debt 539   539   259
Accounts payable 490   490   427
Employee-related benefits 229   229   288
Income and mining taxes 184   184   355
Other current liabilities 1,998   1,998   1,418
Current liabilities 3,440   3,440   2,747
Debt 3,771   3,771   4,182
Reclamation and remediation liabilities 1,032   1,032   984
Deferred income tax liabilities 2,735   2,735   1,488
Employee-related benefits 353   353   325
Other long-term liabilities 314   314   221
Total liabilities 11,645   11,645   9,947
Equity          
Common stock 780   780   778
Additional paid-in capital 8,330   8,330   8,279
Accumulated other comprehensive income 1,310   1,310   1,108
Retained earnings 3,908   3,908   3,180
Newmont stockholders' equity 14,328   14,328   13,345
Noncontrolling interests 2,665   2,665   2,371
Total equity 16,993 13,555 16,993 13,555 15,716
Total liabilities and equity 28,638   28,638   25,663
Newmont Mining Corporation [Member]
         
Condensed Consolidating Statement of Income          
Sales 0 0 0 0  
Costs and expenses          
Costs applicable to sales 0 0 0 0  
Amortization 0 0 0 0  
Reclamation and remediation 0 0 0 0  
Exploration 0 0 0 0  
Advanced projects, research and development 0 0 0 0  
General and administrative 0 0 0 0  
Other expense, net 0 0 0 0  
Total costs and expenses 0 0 0 0  
Other income (expense)          
Other income, net (2) 0 (8) 0  
Interest income-intercompany 40 35 76 71  
Interest expense-intercompany (3) (3) (6) (5)  
Interest expense, net (59) (64) (113) (126)  
Total other income (expense) (24) (32) (51) (60)  
Income before income and mining tax and other items (24) (32) (51) (60)  
Income and mining tax expense 5 9 15 150  
Equity income (loss) of affiliates 406 405 937 838  
Income from continuing operations 387   901    
Loss from discontinued operations 0   0    
Net income 387 382 901 928  
Net income attributable to noncontrolling interests 0 0 0 0  
Net income attributable to Newmont stockholders 387 382 901 928  
Operating activities:          
Net income 387 382 901 928  
Adjustments     39 (115)  
Net change in operating assets and liabilities     (27) (2)  
Net cash provided from continuing operations     913 811  
Net cash used in discontinued operations     0 0  
Net cash provided from operations     913 811  
Investing activities:          
Additions to property, plant and mine development     0 0  
Proceeds from sale of marketable securities     0 0  
Purchases of marketable securities     0 0  
Acquisitions, net     0    
Proceeds from sale of other assets     0 0  
Other     0 0  
Net cash used in investing activities     0 0  
Financing activities:          
Net (borrowings) repayments     83 0  
Net intercompany borrowings (repayments)     (831) (751)  
Sale of noncontrolling interests     0 0  
Acquisition of noncontrolling interests       0  
Dividends paid to common stockholders     (173) (98)  
Dividends paid to noncontrolling interests     0 0  
Proceeds from stock issuance, net     8 30  
Change in restricted cash and other     0 0  
Net cash used in financing activities     (913) (819)  
Effect of exchange rate changes on cash     0 0  
Net change in cash and cash equivalents     0 (8)  
Cash and cash equivalents at beginning of period     0 8 8
Cash and cash equivalents at end of period 0 0 0 0  
Assets          
Cash and cash equivalents 0 0 0 0  
Trade receivables 0   0   0
Accounts receivable 1,608   1,608   2,222
Investments 141   141   0
Inventories 0   0   0
Stockpiles and ore on leach pads 0   0   0
Deferred income tax assets 3   3   0
Other current assets 6   6   0
Current assets 1,758   1,758   2,222
Property, plant and mine development, net 0   0   0
Investments 0   0   0
Investments in subsidiaries 16,569   16,569   12,295
Stockpiles and ore on leach pads 0   0   0
Deferred income tax assets 661   661   638
Other long-term assets 2,617   2,617   2,675
Total assets 21,605   21,605   17,830
Liabilities          
Debt 501   501   0
Accounts payable 3,008   3,008   355
Employee-related benefits 0   0   0
Income and mining taxes 0   0   19
Other current liabilities 66   66   56
Current liabilities 3,575   3,575   430
Debt 3,614   3,614   3,991
Reclamation and remediation liabilities 0   0   0
Deferred income tax liabilities 6   6   0
Employee-related benefits 5   5   5
Other long-term liabilities 389   389   375
Total liabilities 7,589   7,589   4,801
Equity          
Preferred stock 0   0   0
Common stock 780   780   778
Additional paid-in capital 8,018   8,018   7,963
Accumulated other comprehensive income 1,310   1,310   1,108
Retained earnings 3,908   3,908   3,180
Newmont stockholders' equity 14,016   14,016   13,029
Noncontrolling interests 0   0   0
Total equity 14,016   14,016   13,029
Total liabilities and equity 21,605   21,605   17,830
Newmont USA [Member]
         
Condensed Consolidating Statement of Income          
Sales 1,468 1,410 2,986 3,002  
Costs and expenses          
Costs applicable to sales 551 519 1,117 1,064  
Amortization 156 143 315 286  
Reclamation and remediation 37 10 48 19  
Exploration 47 32 81 56  
Advanced projects, research and development 41 25 68 54  
General and administrative 39 37 73 75  
Other expense, net 67 39 121 115  
Total costs and expenses 938 805 1,823 1,669  
Other income (expense)          
Other income, net 41 13 67 14  
Interest income-intercompany 2 2 4 4  
Interest expense-intercompany 0 0 0 0  
Interest expense, net (3) (4) (12) (16)  
Total other income (expense) 40 11 59 2  
Income before income and mining tax and other items 570 616 1,222 1,335  
Income and mining tax expense (111) (227) (319) (466)  
Equity income (loss) of affiliates 2 1 3 1  
Income from continuing operations 461   906    
Loss from discontinued operations 7   7    
Net income 468 390 913 870  
Net income attributable to noncontrolling interests (173) (185) (365) (428)  
Net income attributable to Newmont stockholders 295 205 548 442  
Operating activities:          
Net income 468 390 913 870  
Adjustments     362 319  
Net change in operating assets and liabilities     (509) (160)  
Net cash provided from continuing operations     766 1,029  
Net cash used in discontinued operations     0 (13)  
Net cash provided from operations     766 1,016  
Investing activities:          
Additions to property, plant and mine development     (671) (283)  
Proceeds from sale of marketable securities     55 0  
Purchases of marketable securities     0 0  
Acquisitions, net     0    
Proceeds from sale of other assets     (56) 8  
Other     0 0  
Net cash used in investing activities     (672) (275)  
Financing activities:          
Net (borrowings) repayments     (276) (257)  
Net intercompany borrowings (repayments)     (2,018) (23)  
Sale of noncontrolling interests     0 229  
Acquisition of noncontrolling interests       0  
Dividends paid to common stockholders     0 0  
Dividends paid to noncontrolling interests     (17) (388)  
Proceeds from stock issuance, net     0 0  
Change in restricted cash and other     1 48  
Net cash used in financing activities     (2,310) (391)  
Effect of exchange rate changes on cash     1 0  
Net change in cash and cash equivalents     (2,215) 350  
Cash and cash equivalents at beginning of period     3,877 3,067 3,067
Cash and cash equivalents at end of period 1,662 3,417 1,662 3,417  
Assets          
Cash and cash equivalents 1,662 3,417 1,662 3,417  
Trade receivables 355   355   501
Accounts receivable 2,497   2,497   802
Investments 16   16   72
Inventories 363   363   388
Stockpiles and ore on leach pads 591   591   513
Deferred income tax assets 254   254   170
Other current assets 144   144   77
Current assets 5,882   5,882   6,400
Property, plant and mine development, net 5,687   5,687   5,364
Investments 22   22   25
Investments in subsidiaries 33   33   35
Stockpiles and ore on leach pads 1,413   1,413   1,347
Deferred income tax assets 685   685   690
Other long-term assets 653   653   496
Total assets 14,375   14,375   14,357
Liabilities          
Debt 28   28   249
Accounts payable 920   920   1,269
Employee-related benefits 159   159   222
Income and mining taxes 15   15   261
Other current liabilities 388   388   373
Current liabilities 1,510   1,510   2,374
Debt 107   107   135
Reclamation and remediation liabilities 719   719   676
Deferred income tax liabilities 554   554   513
Employee-related benefits 255   255   244
Other long-term liabilities 47   47   56
Total liabilities 3,192   3,192   3,998
Equity          
Preferred stock 0   0   0
Common stock 0   0   0
Additional paid-in capital 2,721   2,721   2,722
Accumulated other comprehensive income (107)   (107)   (75)
Retained earnings 5,394   5,394   4,850
Newmont stockholders' equity 8,008   8,008   7,497
Noncontrolling interests 3,175   3,175   2,862
Total equity 11,183   11,183   10,359
Total liabilities and equity 14,375   14,375   14,357
Other Subsidiaries [Member]
         
Condensed Consolidating Statement of Income          
Sales 916 743 1,863 1,393  
Costs and expenses          
Costs applicable to sales 375 335 759 664  
Amortization 94 89 191 170  
Reclamation and remediation 6 3 9 7  
Exploration 42 21 70 40  
Advanced projects, research and development 46 32 87 49  
General and administrative 1 0 2 1  
Other expense, net 20 21 39 35  
Total costs and expenses 584 501 1,157 966  
Other income (expense)          
Other income, net 9 31 20 78  
Interest income-intercompany 2 1 4 2  
Interest expense-intercompany (41) (35) (78) (72)  
Interest expense, net (1) (1) (3) (2)  
Total other income (expense) (31) (4) (57) 6  
Income before income and mining tax and other items 301 238 649 433  
Income and mining tax expense (81) (65) (188) (108)  
Equity income (loss) of affiliates 50 63 139 130  
Income from continuing operations 270   600    
Loss from discontinued operations (143)   (143)    
Net income 127 236 457 455  
Net income attributable to noncontrolling interests 30 (10) 10 (5)  
Net income attributable to Newmont stockholders 157 226 467 450  
Operating activities:          
Net income 127 236 457 455  
Adjustments     (729) (725)  
Net change in operating assets and liabilities     (4) (89)  
Net cash provided from continuing operations     (276) (359)  
Net cash used in discontinued operations     (2) 0  
Net cash provided from operations     (278) (359)  
Investing activities:          
Additions to property, plant and mine development     (349) (345)  
Proceeds from sale of marketable securities     0 1  
Purchases of marketable securities     (15) (7)  
Acquisitions, net     (2,291)    
Proceeds from sale of other assets     62 44  
Other     (15) (23)  
Net cash used in investing activities     (2,608) (330)  
Financing activities:          
Net (borrowings) repayments     (5) (6)  
Net intercompany borrowings (repayments)     2,849 855  
Sale of noncontrolling interests     0 0  
Acquisition of noncontrolling interests       (109)  
Dividends paid to common stockholders     0 0  
Dividends paid to noncontrolling interests     0 0  
Proceeds from stock issuance, net     0 0  
Change in restricted cash and other     (1) 0  
Net cash used in financing activities     2,843 740  
Effect of exchange rate changes on cash     57 (6)  
Net change in cash and cash equivalents     14 45  
Cash and cash equivalents at beginning of period     179 140 140
Cash and cash equivalents at end of period 193 185 193 185  
Assets          
Cash and cash equivalents 193 185 193 185  
Trade receivables 63   63   81
Accounts receivable 1,356   1,356   265
Investments 46   46   41
Inventories 308   308   270
Stockpiles and ore on leach pads 105   105   104
Deferred income tax assets 51   51   7
Other current assets 1,463   1,463   885
Current assets 3,585   3,585   1,832
Property, plant and mine development, net 10,997   10,997   7,562
Investments 1,653   1,653   1,543
Investments in subsidiaries 2,692   2,692   1,909
Stockpiles and ore on leach pads 537   537   410
Deferred income tax assets 159   159   109
Other long-term assets 829   829   584
Total assets 20,452   20,452   13,949
Liabilities          
Debt 10   10   10
Accounts payable 1,877   1,877   1,996
Employee-related benefits 70   70   66
Income and mining taxes 169   169   75
Other current liabilities 3,517   3,517   2,959
Current liabilities 5,643   5,643   5,106
Debt 50   50   56
Reclamation and remediation liabilities 313   313   308
Deferred income tax liabilities 2,175   2,175   975
Employee-related benefits 93   93   76
Other long-term liabilities 3,053   3,053   2,824
Total liabilities 11,327   11,327   9,345
Equity          
Preferred stock 61   61   61
Common stock 0   0   0
Additional paid-in capital 6,991   6,991   3,894
Accumulated other comprehensive income 1,545   1,545   1,180
Retained earnings (637)   (637)   (1,109)
Newmont stockholders' equity 7,960   7,960   4,026
Noncontrolling interests 1,165   1,165   578
Total equity 9,125   9,125   4,604
Total liabilities and equity 20,452   20,452   13,949
Eliminations [Member]
         
Condensed Consolidating Statement of Income          
Sales 0 0 0 0  
Costs and expenses          
Costs applicable to sales (9) (6) (19) (11)  
Amortization 0 (1) 0 (1)  
Reclamation and remediation 0 0 0 0  
Exploration 0 0 0 0  
Advanced projects, research and development (1) 0 (1) 0  
General and administrative 10 6 20 12  
Other expense, net 0 1 0 0  
Total costs and expenses 0 0 0 0  
Other income (expense)          
Other income, net 0 0 0 0  
Interest income-intercompany (44) (38) (84) (77)  
Interest expense-intercompany 44 38 84 77  
Interest expense, net 0 0 0 0  
Total other income (expense) 0 0 0 0  
Income before income and mining tax and other items 0 0 0 0  
Income and mining tax expense 0 0 0 0  
Equity income (loss) of affiliates (458) (471) (1,077) (973)  
Income from continuing operations (458)   (1,077)    
Loss from discontinued operations 0   0    
Net income (458) (471) (1,077) (973)  
Net income attributable to noncontrolling interests 6 40 62 81  
Net income attributable to Newmont stockholders (452) (431) (1,015) (892)  
Operating activities:          
Net income (458) (471) (1,077) (973)  
Adjustments     1,077 973  
Net change in operating assets and liabilities     0 0  
Net cash provided from continuing operations     0 0  
Net cash used in discontinued operations     0 0  
Net cash provided from operations     0 0  
Investing activities:          
Additions to property, plant and mine development     0 0  
Proceeds from sale of marketable securities     0 0  
Purchases of marketable securities     0 0  
Acquisitions, net     0    
Proceeds from sale of other assets     0 0  
Other     0 0  
Net cash used in investing activities     0 0  
Financing activities:          
Net (borrowings) repayments     0 0  
Net intercompany borrowings (repayments)     0 (81)  
Sale of noncontrolling interests     0 0  
Acquisition of noncontrolling interests       0  
Dividends paid to common stockholders     0 0  
Dividends paid to noncontrolling interests     0 81  
Proceeds from stock issuance, net     0 0  
Change in restricted cash and other     0 0  
Net cash used in financing activities     0 0  
Effect of exchange rate changes on cash     0 0  
Net change in cash and cash equivalents     0 0  
Cash and cash equivalents at beginning of period     0 0 0
Cash and cash equivalents at end of period 0 0 0 0  
Assets          
Cash and cash equivalents 0 0 0 0  
Trade receivables 0   0   0
Accounts receivable (5,326)   (5,326)   (3,201)
Investments 0   0   0
Inventories 0   0   0
Stockpiles and ore on leach pads 0   0   0
Deferred income tax assets 0   0   0
Other current assets 0   0   0
Current assets (5,326)   (5,326)   (3,201)
Property, plant and mine development, net (21)   (21)   (19)
Investments 0   0   0
Investments in subsidiaries (19,294)   (19,294)   (14,239)
Stockpiles and ore on leach pads 0   0   0
Deferred income tax assets 0   0   0
Other long-term assets (3,153)   (3,153)   (3,014)
Total assets (27,794)   (27,794)   (20,473)
Liabilities          
Debt 0   0   0
Accounts payable (5,315)   (5,315)   (3,193)
Employee-related benefits 0   0   0
Income and mining taxes 0   0   0
Other current liabilities (1,973)   (1,973)   (1,970)
Current liabilities (7,288)   (7,288)   (5,163)
Debt 0   0   0
Reclamation and remediation liabilities 0   0   0
Deferred income tax liabilities 0   0   0
Employee-related benefits 0   0   0
Other long-term liabilities (3,175)   (3,175)   (3,034)
Total liabilities (10,463)   (10,463)   (8,197)
Equity          
Preferred stock (61)   (61)   (61)
Common stock 0   0   0
Additional paid-in capital (9,400)   (9,400)   (6,300)
Accumulated other comprehensive income (1,438)   (1,438)   (1,105)
Retained earnings (4,757)   (4,757)   (3,741)
Newmont stockholders' equity (15,656)   (15,656)   (11,207)
Noncontrolling interests (1,675)   (1,675)   (1,069)
Total equity (17,331)   (17,331)   (12,276)
Total liabilities and equity $ (27,794)   $ (27,794)   $ (20,473)