OTHER ASSETS

12 Months Ended

Dec. 31, 2015

Other Assets [Abstract]

Other Assets Disclosure [Text Block]

OTHER ASSETS

The components of other assets follow:

	December 31,
	2015		2014
Disputed tax assessments:a
Cerro Verde	$	254	$	232
PT-FI	209		279
Intangible assetsb	317		334
Investments:
Assurance bondc	118		115
PT Smeltingd	112		107
Available-for-sale securities	47		46
Other	62		60
Long-term receivable for taxese	280		63
Long-lead equipment	187		43
Loan to a DRC public electric utility	174		164
Legally restricted fundsf	171		172
Deferred drillship costs	81		113
Rio Tinto's share of ARO	49		50
Loan to Gécamines (related party)	39		37
Other	142		141
Total other assets	$	2,242	$	1,956

a. Refer to Note 12 for further discussion.

b. Intangible assets were net of accumulated amortization totaling $61 million at December 31, 2015, and $62 million at December 31, 2014.

c. Relates to PT-FI's commitment for smelter development in Indonesia (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 $14 million at December 31, 2015, and $24 million at December 31, 2014. Trade accounts receivable from PT Smelting totaled $160 million at December 31, 2015, and $182 million at December 31, 2014.

e. Includes tax overpayments and refunds not expected to be realized within the next 12 months (primarily at PT-FI, Cerro Verde and Tenke).

f. Includes $169 million at December 31, 2015, and $168 million at December 31, 2014, for AROs related to properties in New Mexico (refer to Note 12 for further discussion).