INVENTORIES, INCLUDING LONG-TERM MILL AND LEACH STOCKPILES (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Components of Inventories

The components of inventories follow:

	December 31,
	2022		2021
Current inventories:
Total materials and supplies, neta	$	1,964	$	1,669
Mill stockpiles	$	216	$	193
Leach stockpiles	1,167		977
Total current mill and leach stockpiles	$	1,383	$	1,170
Raw materials (primarily concentrate)	$	443	$	536
Work-in-process	221		195
Finished goods	1,169		927
Total product	$	1,833	$	1,658
Long-term inventories:
Mill stockpiles	$	199	$	226
Leach stockpiles	1,053		1,161
Total long-term mill and leach stockpilesb	$	1,252	$	1,387

a.Materials and supplies inventory was net of obsolescence reserves totaling $39 million at December 31, 2022, and $36 million at December 31, 2021.

b.Estimated metals in stockpiles not expected to be recovered within the next 12 months.