DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]


	At September 30, 2026		At December 31, 2025
Current derivative assets: (1)
Hedging instruments:
Foreign currency fixed forward contracts	$	30	$	60
Cadia PPA	—		7
	30		67
Contingent consideration assets	20		20
	$	50	$	87
Non-current derivative assets: (2)
Hedging instruments:
Cadia PPA	$	133	$	155


Contingent consideration assets	—		20
	$	133	$	175
Current derivative liabilities: (3)
Hedging instruments:
Foreign currency fixed forward contracts	$	3	$	1
Cadia PPA	3		—


	$	6	$	1

____________________________

(1)Included in Other current assets.

(2)Included in Other non-current assets.

(3)Included in Other current liabilities.

The Company has implemented various hedge programs in which fixed forward contracts have been entered into to mitigate variability in the USD-functional cash flows associated with specific expenditures. These fixed forward contracts have been designated as foreign currency cash flow hedges for the related forecasted expenditures and were transacted for risk management purposes. Refer to the table below for a summary of these programs at September 30, 2026:

AUD-denominated capital expenditures

AUD-denominated operating expenditures

CAD-denominated operating expenditures

Status:

Active

Amount entered into:

A$1,734

A$4,002

C$1,088

Cash flow type:

Capital expenditures for construction and development

Operating expenditures

Incurred in the periods of:

October 2024 through December 2026

Related to:

Tanami Expansion 2 project; Cadia PC1-2 and PC2-3 ("Cadia Panel Caves"); and Cadia Tailings Project ("Cadia Tails")

Boddington, Tanami, and Cadia operating mines located in Australia

Brucejack and Red Chris operating mines located in Canada

Schedule of Losses (Gains) Recognized on Derivative Instruments

The following table provides the losses (gains) reclassified to earnings from Accumulated other comprehensive income (loss) related to the Company's derivative instruments designated for hedging:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
(Gain) loss on cash flow hedges:
Foreign currency fixed forward contracts (1)	$	(21)	$	3	$	(59)	$	27
Cadia PPA cash flow hedge (2)	2		2		5		5
Interest rate contracts (3)	—		53		2		56

	$	(19)	$	58	$	(52)	$	88

____________________________

(1)As of September 30, 2026, a gain of $14 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months. The actual amounts that will be reclassified to earnings will vary due to future foreign currency exchange rates.

(2)As of September 30, 2026, a loss of $7 is expected to be reclassified out of Accumulated other comprehensive income (loss) into earnings over the next 12 months, which includes amounts related to the initial fair value that are reclassified from Accumulated other comprehensive income (loss) to earnings on a systematic basis over the 15-year term. The actual amounts that will be reclassified to earnings will vary due to future power prices and power generation volumes.

(3)As of September 30, 2026, amounts remaining in Accumulated other comprehensive income (loss) relate to the interest rate contracts on the 2042 Senior Notes with the related losses to be reclassified from Accumulated other comprehensive income (loss) and amortized to Interest expense, net of capitalized interest over the term of the notes. A loss of $3 is expected to be reclassified into earnings over the next 12 months. The actual amounts that will be reclassified to earnings could vary upon repurchase or exchange of the related long-term debt prior to maturity.