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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2019 $ 22,370 $ (5) $ 1,298 $ (120) $ 18,216 $ (265) $ 2,291 $ (5) $ 950
Balance at beginning of period (in shares) at Dec. 31, 2019     811 (3)          
Changes in Equity                  
Net income (loss) 826           822   4
Other comprehensive income (loss) 13         13      
Dividends declared [1] (112)           (112)    
Distributions declared to noncontrolling interests [2] (50)               (50)
Cash calls requested from noncontrolling interests [3] 25               25
Repurchase and retirement of common stock (321)   $ (11)   (160)   (150)    
Repurchase and retirement of common stock (in shares)     (7)            
Withholding of employee taxes related to stock-based compensation (36)     $ (36)          
Withholding of employee taxes related to stock-based compensation (in shares)       (1)          
Stock options exercised 4       4        
Stock-based awards and related share issuances 21   $ 3   18        
Stock-based awards and related share issuances (in shares)     2            
Balance at end of period at Mar. 31, 2020 22,735   $ 1,290 $ (156) 18,078 (252) 2,846   929
Balance at end of period (in shares) at Mar. 31, 2020     806 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2019 47                
Changes in Contingently Redeemable Noncontrolling Interest                  
Net income (loss) (2)                
Contingently redeemable noncontrolling interest, Balance at end of period at Mar. 31, 2020 45                
Balance at beginning of period at Dec. 31, 2019 22,370 $ (5) $ 1,298 $ (120) 18,216 (265) 2,291 $ (5) 950
Balance at beginning of period (in shares) at Dec. 31, 2019     811 (3)          
Changes in Equity                  
Other comprehensive income (loss) 20                
Distributions declared to noncontrolling interests (142)                
Balance at end of period at Sep. 30, 2020 23,577   $ 1,292 $ (165) 18,156 (245) 3,623   916
Balance at end of period (in shares) at Sep. 30, 2020     808 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2019 47                
Contingently redeemable noncontrolling interest, Balance at end of period at Sep. 30, 2020 43                
Balance at beginning of period at Mar. 31, 2020 22,735   $ 1,290 $ (156) 18,078 (252) 2,846   929
Balance at beginning of period (in shares) at Mar. 31, 2020     806 (4)          
Changes in Equity                  
Net income (loss) 349           344   5
Other comprehensive income (loss) 5         5      
Dividends declared [1] (201)           (201)    
Distributions declared to noncontrolling interests [2] (39)               (39)
Cash calls requested from noncontrolling interests [3] 29               29
Withholding of employee taxes related to stock-based compensation (3)     $ (3)          
Stock options exercised 36   $ 1   35        
Stock options exercised (in shares)     1            
Stock-based awards and related share issuances 17       17        
Balance at end of period at Jun. 30, 2020 22,928   $ 1,291 $ (159) 18,130 (247) 2,989   924
Balance at end of period (in shares) at Jun. 30, 2020     807 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Mar. 31, 2020 45                
Changes in Contingently Redeemable Noncontrolling Interest                  
Net income (loss) (2)                
Contingently redeemable noncontrolling interest, Balance at end of period at Jun. 30, 2020 43                
Changes in Equity                  
Net income (loss) 856           839   17
Other comprehensive income (loss) 2         2      
Dividends declared [1] (205)           (205)    
Distributions declared to noncontrolling interests [2] (53)               (53)
Cash calls requested from noncontrolling interests [3] 28               28
Withholding of employee taxes related to stock-based compensation (6)     $ (6)          
Stock options exercised 10       10        
Stock-based awards and related share issuances 17   $ 1   16        
Stock-based awards and related share issuances (in shares)     1            
Balance at end of period at Sep. 30, 2020 23,577   $ 1,292 $ (165) 18,156 (245) 3,623   916
Balance at end of period (in shares) at Sep. 30, 2020     808 (4)          
Contingently redeemable noncontrolling interest, Balance at end of period at Sep. 30, 2020 43                
Balance at beginning of period at Dec. 31, 2020 23,845   $ 1,287 $ (168) 18,103 (216) 4,002   837
Balance at beginning of period (in shares) at Dec. 31, 2020     804 (4)          
Changes in Equity                  
Net income (loss) 579           559   20
Other comprehensive income (loss) 11         11      
Dividends declared [4] (441)           (441)    
Distributions declared to noncontrolling interests [5] (54)               (54)
Cash calls requested from noncontrolling interests [6] 28               28
Withholding of employee taxes related to stock-based compensation (28)     $ (28)          
Stock options exercised 1       1        
Stock-based awards and related share issuances 17   $ 2   15        
Stock-based awards and related share issuances (in shares)     1            
Balance at end of period at Mar. 31, 2021 23,958   $ 1,289 $ (196) 18,119 (205) 4,120   831
Balance at end of period (in shares) at Mar. 31, 2021     805 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2020 [7] 34                
Contingently redeemable noncontrolling interest, Balance at end of period at Mar. 31, 2021 [7] 34                
Balance at beginning of period at Dec. 31, 2020 23,845   $ 1,287 $ (168) 18,103 (216) 4,002   837
Balance at beginning of period (in shares) at Dec. 31, 2020     804 (4)          
Changes in Equity                  
Other comprehensive income (loss) 26                
Repurchase and retirement of common stock (251)                
Balance at end of period at Sep. 30, 2021 23,238   $ 1,284 $ (199) 18,078 (190) 3,739   526
Balance at end of period (in shares) at Sep. 30, 2021     802 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Dec. 31, 2020 [7] 34                
Contingently redeemable noncontrolling interest, Balance at end of period at Sep. 30, 2021 [7] 48                
Balance at beginning of period at Mar. 31, 2021 23,958   $ 1,289 $ (196) 18,119 (205) 4,120   831
Balance at beginning of period (in shares) at Mar. 31, 2021     805 (4)          
Changes in Equity                  
Net income (loss) 661           650   11
Other comprehensive income (loss) 7         7      
Dividends declared [4] (443)           (443)    
Distributions declared to noncontrolling interests [5] (43)               (43)
Cash calls requested from noncontrolling interests [6] 22               22
Repurchase and retirement of common stock [8] (137)   $ (3)   (49)   (85)    
Repurchase and retirement of common stock (in shares) [8]     (2)            
Withholding of employee taxes related to stock-based compensation (1)     $ (1)          
Stock options exercised 15       15        
Stock-based awards and related share issuances 21   $ 1   20        
Balance at end of period at Jun. 30, 2021 24,060   $ 1,287 $ (197) 18,105 (198) 4,242   821
Balance at end of period (in shares) at Jun. 30, 2021     803 (4)          
Contingently redeemable noncontrolling interest, Balance at beginning of period at Mar. 31, 2021 [7] 34                
Contingently redeemable noncontrolling interest, Balance at end of period at Jun. 30, 2021 [7] 34                
Changes in Equity                  
Net income (loss) (257)           3   (260)
Other comprehensive income (loss) 8         8      
Dividends declared [4] (441)           (441)    
Distributions declared to noncontrolling interests [5] (58)               (58)
Cash calls requested from noncontrolling interests [6] 23               23
Repurchase and retirement of common stock [8] (114)   $ (4)   (45)   (65)    
Repurchase and retirement of common stock (in shares) [8]     (2)            
Withholding of employee taxes related to stock-based compensation (2)     $ (2)          
Withholding of employee taxes related to stock-based compensation (in shares)       0          
Stock options exercised 2       1        
Stock-based awards and related share issuances 17   $ 0   17        
Stock-based awards and related share issuances (in shares)     1            
Balance at end of period at Sep. 30, 2021 23,238   $ 1,284 $ (199) $ 18,078 $ (190) $ 3,739   $ 526
Balance at end of period (in shares) at Sep. 30, 2021     802 (4)          
Changes in Contingently Redeemable Noncontrolling Interest                  
Net income (loss) [7] 14                
Contingently redeemable noncontrolling interest, Balance at end of period at Sep. 30, 2021 [7] $ 48                
[1] Cash dividends declared per common share were $0.25 and $0.64 for the three and nine months ended September 30, 2020, respectively. Dividends declared and dividends paid to common stockholders will differ by $4 due to timing.
[2] Distributions declared to noncontrolling interests of $53 and $142 for the three and nine months ended September 30, 2020, respectively, represent cash calls declared by Newmont to Staatsolie for the Merian mine. Newmont paid $55 and $143 for distributions during the three and nine months ended September 30, 2020, respectively. Any differences are due to timing of payments.
[3] Cash calls requested from noncontrolling interests of $28 and $82 for the three and nine months ended September 30, 2020, respectively, represent cash calls requested from Staatsolie for the Merian mine. Staatsolie paid $27 and $82 for cash calls during the three and nine months ended September 30, 2020, respectively. Differences are due to timing of receipts.
[4] Cash dividends declared per common share were $0.55 and $1.65 for the three and nine months ended September 30, 2021, respectively. Dividends declared and dividends paid to common stockholders differ by $4 due to timing.
[5] Distributions declared to noncontrolling interests of $58 and $155 for the three and nine months ended September 30, 2021, respectively, represent cash calls declared by Newmont to Staatsolie for the Merian mine. Newmont paid $58 and $155 for distributions during the three and nine months ended September 30, 2021, respectively. Any differences are due to timing of payments.
[6] Cash calls requested from noncontrolling interests of $23 and $73 for the three and nine months ended September 30, 2021, respectively, represent cash calls requested from Staatsolie for the Merian mine. Staatsolie paid $25 and $73 for cash calls during the three and nine months ended September 30, 2021, respectively. Differences are due to timing of receipts.
[7] Summit Global Management II VB, a subsidiary of Sumitomo Corporation (“Sumitomo”) holds a 5% interest in Yanacocha and has the option to require Yanacocha to repurchase their interest for $48 if certain conditions are not met. Sumitomo is entitled to participate in earnings of Yanacocha and, as a result of the option, is not required to fund losses that reduce Sumitomo's investment below $48.
[8] Repurchase and retirement of common stock of $114 and $251 for the three and nine months ended September 30, 2021, respectively, includes $— and $3 of non-cash common stock forfeitures.