OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

Other Assets [Abstract]

Schedule of Other Assets [Table Text Block]

The components of other assets follow:

	December 31,
	2014		2013
Disputed tax assessments:a
PT-FI	$	279	$	255
Cerro Verde	232		72
Intangible assetsb	334		380
Investments:
Assurance bondc	115		—
PT Smeltingd	107		71
Available-for-sale securities	46		44
Other	60		63
Legally restricted fundse	172		392
Loan to a DRC public electric utility	164		152
Debt issue costs	141		107
Deferred drillship costs	113		—
Long-term receivable for income tax refunds	63		77
Loan to Gécamines (related party)	37		34
Other	214		151
Total other assets	$	2,077	$	1,798

a. Refer to Note 12 for further discussion.

b. Intangible assets were net of accumulated amortization totaling $62 million at December 31, 2014, and $57 million at December 31, 2013.

c. Relates to PT-FI's commitment for smelter development in Indonesia at December 31, 2014 (refer to Note 13 for further discussion).

d. FCX's 25 percent ownership in PT Smelting (smelter and refinery in Gresik, Indonesia) is recorded using the equity method. Amounts were reduced by unrecognized profits on sales from PT-FI to PT Smelting totaling $24 million at December 31, 2014, and $58 million at December 31, 2013.

e. Includes $168 million for AROs related to properties in New Mexico at December 31, 2014, and a $210 million time deposit that secured a bank guarantee (until the time deposit was released as security for the bank guarantee in 2014) associated with the Cerro Verde royalty dispute and $158 million for AROs related to properties in New Mexico at December 31, 2013 (refer to Note 12 for further discussion).