XML 56 R31.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
DEBT DEBT
Scheduled minimum debt repayments are as follows:​
Year Ending December 31,
2020 (for the remainder of 2020)
$— 
2021550 
2022492 
2023414 
2024— 
Thereafter4,624 
$6,080 
In March 2020, the Company completed a public offering of $1,000 unsecured Senior Notes due October 1, 2030 (“2030 Senior Notes”). Net proceeds from the 2030 Senior Notes were $985. The 2030 Senior Notes will pay interest semi-annually at a rate of 2.250% per annum. The proceeds from this issuance, supplemented with cash from the Company's balance sheet, were used to fund the debt tender offers of the 2022 Senior Notes, the 2023 Newmont Senior Notes and the 2023 Goldcorp Senior Notes in March 2020.
In March 2020, the Company launched the debt tender offers to purchase portions of its 2022 Senior Notes, 2023 Newmont Senior Notes and 2023 Goldcorp Senior notes. Through the tender offers, the Company purchased approximately $500 of its 2022 Senior Notes, $487 of its 2023 Newmont Senior Notes and $99 of its 2023 Goldcorp Senior Notes. For the three and nine months ended September 30, 2020, the Company recorded charges from debt extinguishment of $— and $77, respectively, in Other income, net, of which $— and $69, respectively, represent a net pre-tax loss from extinguishment, and $— and $8, respectively were reclassified from Accumulated other comprehensive income (loss). This reclassification related to the acceleration of the unrealized losses on the forward starting swap contracts which were previously settled with the issuance of the 2022 Senior Notes.