The Company regularly reviews its segment reporting for alignment with its strategic goals and operational structure as well as for evaluation of business performance and allocation of resources by Newmont’s Chief Operating Decision Maker ("CODM"). In the second quarter of 2019, following the close of the Newmont Goldcorp transaction on April 18, 2019, and in anticipation of the formation of NGM effective July 1, 2019, the Company revised its operating segments and established the Nevada reportable segment to reflect certain changes in the financial information regularly reviewed by the CODM. The Company determined that its operations are organized into five geographic regions; North America, South America, Australia, Africa and Nevada, which also represent Newmont’s reportable and operating segments.

As a result of the Newmont Goldcorp transaction, the Company acquired the Red Lake, Musselwhite, Porcupine, Éléonore and Peñasquito mines, which are included in the North America reportable segment, and the Cerro Negro mine, which is included in the South America reportable segment. Additionally, the Company acquired interests in the Pueblo Viejo mine, the Norte Abierto project, the NuevaUnión project and the Alumbrera mine, which are all accounted for as equity method investments. The Company’s investment in the Pueblo Viejo mine is included in the South America reportable segment within Other South America. All other equity method investments are included in Corporate and other. Refer to Note 3 and Note 20 for further information.

The Company’s Nevada reportable segment includes the Carlin, Phoenix, Twin Creeks and Long Canyon mines (“existing Nevada mining operations”), previously included in the North America reportable segment. In July of 2019, the Company added NGM to the Nevada reportable segment, which reflects the Company’s 38.5% ownership interest in the joint venture from the effective date to the period ended December 31, 2019. Pursuant to the terms of the Nevada JV Agreement, the Company contributed its existing Nevada mining operations in exchange for its ownership interest in NGM. Refer to Note 4 for further information.

Segment results for the periods ended December 31, 2018 and 2017 have been revised to reflect these changes.

Notwithstanding the reportable segments structure, the Company internally reports information on a mine-by-mine basis for each mining operation and has chosen to disclose this information in the following tables. Income (loss) before income and mining tax and other items from reportable segments does not reflect general corporate expenses, interest (except project-specific interest) or income and mining taxes. Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance. Newmont’s business activities that are not included within the reportable segments are included in Corporate and Other. Although they are not required to be included in this footnote, they are provided for reconciliation purposes. The financial information relating to the Company’s segments is as follows:

(1)	Includes a decrease in accrued capital expenditures of $9; consolidated capital expenditures on a cash basis were $1,463.

(2)	The Company reached definitive agreements to sell these sites, resulting in their assets and liabilities being classified as held for sale on the Consolidated Balance Sheet. Refer below for additional information.

(3)	Costs applicable to sales are partially offset by insurance recoveries received during 2019. Refer to Note 10 for additional information.

(4)	Amounts include sales of finished goods inventory retained and not contributed to NGM on the effective date, pursuant to the Nevada JV Agreement.


							Advanced		Income (Loss)
			Costs		Depreciation		Projects, Research		before Income
			Applicable		and		and Development		and Mining Tax		Total		Capital
	Sales		to Sales		Amortization		and Exploration		and Other Items		Assets		Expenditures⁽¹⁾
Years Ended December 31, 2018
CC&V	$	450	$	260	$	83	$	10	$	89	$	853	$	29
Other North America		—		—		—		—		—		—		—
North America		450		260		83		10		89		853		29

Yanacocha		659		425		108		54		(6)		1,518		119
Merian		677		275		90		13		300		1,036		78
Other South America		—		—		14		34		(61)		1,640		1
South America		1,336		700		212		101		233		4,194		198

Boddington:
Gold		900		571		102
Copper		218		132		24
Total Boddington		1,118		703		126		—		293		2,113		57
Tanami		638		297		75		17		251		902		97
Kalgoorlie		410		232		24		10		170		402		22
Other Australia		—		—		6		12		(8)		72		6
Australia		2,166		1,232		231		39		706		3,489		182

Ahafo		553		323		105		17		99		1,869		264
Akyem		527		227		151		13		125		966		40
Other Africa		—		—		—		5		(13)		2		—
Africa		1,080		550		256		35		211		2,837		304

Carlin		1,173		782		220		34		79		2,242		153
Phoenix
Gold		291		202		47
Copper		85		55		15
Total Phoenix		376		257		62		5		32		899		32
Twin Creeks		457		240		61		12		(146)		877		82
Long Canyon		215		72		76		23		44		1,008		11
Other Nevada		—		—		2		23		(54)		857		15
Nevada		2,221		1,351		421		97		(45)		5,883		293

Corporate and Other		—		—		12		68		(456)		3,459		13
Consolidated	$	7,253	$	4,093	$	1,215	$	350	$	738	$	20,715	$	1,019

(1)	Includes a decrease in accrued capital expenditures of $13; consolidated capital expenditures on a cash basis were $1,032.


							Advanced		Income (Loss)
			Costs		Depreciation		Projects, Research		before Income
			Applicable		and		and Development		and Mining Tax		Total		Capital
	Sales		to Sales		Amortization		and Exploration		and Other Items		Assets		Expenditures⁽¹⁾
Year Ended December 31, 2017
CC&V	$	585	$	290	$	127	$	10	$	156	$	901	$	33
Other North America		—		—		—		—		—		—		—
North America		585		290		127		10		156		901		33

Yanacocha		671		504		134		41		(77)		1,420		51
Merian		643		238		91		14		297		967		105
Other South America		—		—		14		43		(72)		1,661		—
South America		1,314		742		239		98		148		4,048		156

Boddington:
Gold		981		562		116
Copper		227		108		22
Total Boddington		1,208		670		138		2		369		2,110		80
Tanami		514		251		67		21		181		690		108
Kalgoorlie		458		234		20		9		190		407		21
Other Australia		—		—		6		8		(37)		54		5
Australia		2,180		1,155		231		40		703		3,261		214

Ahafo		439		268		72		24		70		1,690		181
Akyem		594		272		155		10		152		1,057		26
Other Africa		—		—		1		6		(13)		1		—
Africa		1,033		540		228		40		209		2,748		207

Carlin		1,228		810		224		18		131		2,299		174
Phoenix:
Gold		259		182		47
Copper		88		55		15
Total Phoenix		347		237		62		5		30		889		25
Twin Creeks		473		229		64		9		168		1,144		52
Long Canyon		219		59		74		23		63		1,083		10
Other Nevada		—		—		1		26		(29)		676		9
Nevada		2,267		1,335		425		81		363		6,091		270

Corporate and Other		—		—		11		53		(507)		3,597		10
Consolidated	$	7,379	$	4,062	$	1,261	$	322	$	1,072	$	20,646	$	890

(1)	Includes an increase in accrued capital expenditures of $24; consolidated capital expenditures on a cash basis were $866.

Long-lived assets, excluding assets held for sale, deferred tax assets, investments and restricted assets, were as follows:


	At December 31,
	2019		2018
United States	$	8,357	$	5,968
Mexico		6,482		—
Canada		4,599		206
Australia		2,727		2,987
Ghana		2,523		2,515
Argentina		2,066		—
Peru		2,227		2,117
Suriname		812		825
Other		2		—
	$	29,795	$	14,618

Assets Held for Sale

Red Lake

The Company entered into a binding agreement dated November 25, 2019, to sell the Red Lake complex in Ontario, Canada, included as part of the Company’s North America segment, to Evolution Mining Limited (“Evolution”). Pursuant to the terms of the agreement, upon closing the transaction the Company will receive proceeds of $375 in cash, adjusted for normal working capital movements, with contingent payments of up to an additional $100 tied to new mineralization discoveries over a fifteen year period.

The Red Lake assets and liabilities were classified as held for sale for the year ended December 31, 2019. At December 31, 2019, the Company included $589 and $191 of Assets held for sale and Liabilities held for sale, respectively, on the Consolidated Balance Sheet related to Red Lake.

Kalgoorlie

The Company entered into a binding agreement dated December 17, 2019, to sell its 50% interest in Kalgoorlie Consolidated Gold Mines (“Kalgoorlie”), included as part of the Australia segment to Northern Star Resources Limited (“Northern Star”). The Company completed the sale on January 2, 2020, and pursuant to the terms of the agreement, received proceeds of $800 in cash for its interests in Kalgoorlie. The proceeds are inclusive of a $25 million payment that gives Northern Star specified exploration tenements, transitional services support and an option to negotiate exclusively for 120 days the purchase of Newmont’s Kalgoorlie power business. The Company expects to recognize a gain on the sale of the Kalgoorlie operations of $493 in 2020.

The Kalgoorlie assets and liabilities were classified as held for sale for the year ended December 31, 2019. At December 31, 2019, the Company included $434 and $152 of Assets held for sale and Liabilities held for sale, respectively, on the Consolidated Balance Sheet related to Kalgoorlie.