INCOME AND MINING TAXES

3 Months Ended

Mar. 31, 2023

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 March 31, (1)
	2023				2022
Income (loss) before income and mining tax and other items			$	539			$	628
U.S. federal statutory tax rate	21	%	$	113	21	%	$	132
Reconciling items:
Foreign rate differential	8		43		11		69
Mining and other taxes (net of associated federal benefit)	5		29		6		37
Other	6		28		(4)		(24)
Income and mining tax expense (benefit)	40	%	$	213	34	%	$	214

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(1)Tax rates may not recalculate due to rounding.