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OTHER INCOME (LOSS), NET (Tables)
12 Months Ended
Dec. 31, 2023
Other Income, Nonoperating [Abstract]  
Schedule of other income (loss), net

Year Ended December 31,
202320222021
Gain (loss) on asset and investment sales, net$(197)$35 $212 
Interest income148 78 18 
Foreign currency exchange, net(56)(5)23 
Change in fair value of investments(47)(46)(135)
Insurance Proceeds (1)
37 14 — 
Pension settlements (2)
(9)(137)(4)
Charges from debt extinguishment— — (11)
Impairment of investments— — (1)
Other36 34 23 
Other income (loss), net$(88)$(27)$125 
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(1)Primarily relates to insurance proceeds received by the Company in the third quarter of 2023 of $45 and $11 related to Tanami due to significant rainfall and flooding in early 2023 and a conveyor failure at Ahafo, respectively. Of these amounts, $31 and $6, respectively, were recognized in Other income (loss), net, and primarily relate to business interruption coverage. The remaining amounts were recognized within Costs applicable to sales.
(2)Primarily represents pension settlement charges due to the pension annuitization in 2022 and lump sum payments to participants. For additional information regarding pension and other post-employment benefits, refer to Note 11.