v3.26.1
INCOME AND MINING TAXES
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate follows:
Three Months Ended June 30, (1)
Six Months Ended June 30, (1)
2026202520262025
Income (loss) before income and mining tax and other items$2,999 $3,118 $7,582 $5,589 
U.S. Federal statutory tax rate21 %630 21 %655 21 %1,592 21 %1,174 
Reconciling items:
Change in valuation allowance on deferred tax assets(1)(26)5 146 (2)(137)(1)(51)
Foreign rate differential (2)
9 271 6 187 9 652 7 367 
Mining and other taxes (net of associated federal benefit)5 136 2 71 4 280 2 134 
Uncertain tax position reserve adjustment(1)(40)— 8 (1)(43)— (6)
Tax impact of divestitures (3)
— — 1 39 — — 2 122 
Other(1)(19)— (14)— 12 — (1)
Income and mining tax expense (benefit)32 %$952 35 %$1,092 31 %$2,356 31 %$1,739 
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(1)Tax rates may not recalculate due to rounding.
(2)Includes impact of increase in corporate tax rate at Ghana from 32.5% to 35% effective January 1, 2026, as a result of the expiration of the Revised Investment Agreement.
(3)Refer to Note 3 for information on the Company's divestitures.