XML 76 R61.htm IDEA: XBRL DOCUMENT v3.5.0.2
OTHER ASSETS (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2007
Dec. 31, 2015
Dec. 31, 2014
Schedule Of Other Assets [Line Items]      
Payments to Acquire Mineral Rights $ 1,700    
Intangible assets [1]   $ 317 $ 334
Investments: [Abstract]      
Assurance bond [2]   118 115
Available-for-sale securities   47 46
Other   50 48
Long-term receivable for taxes [3]   252 63
Long-lead equipment   187 43
Legally restricted funds [4]   171 172
Deferred drillship costs   81 113
Rio Tinto's share of ARO   49 50
Other   142 139
Total other assets   1,989 1,741
Finite-Lived Intangible Assets, Accumulated Amortization   61 62
PT Smelting [Member]      
Investments: [Abstract]      
Equity method investment [5]   112 107
Cerro Verde [Member]      
Schedule Of Other Assets [Line Items]      
Disputed tax assessments [6]   254 232
PT Freeport Indonesia [Member]      
Schedule Of Other Assets [Line Items]      
Disputed tax assessments [6]   209 279
Investments: [Abstract]      
Assurance bond   $ 115  
PT Smelting [Member]      
Investments: [Abstract]      
Company's direct ownership percentage   25.00%  
Unrecognized profit on sales from PT Freeport Indonesia to PT Smelting   $ 14 24
Accounts Receivable, Gross, Current   160 182
New Mexico Environmental And Reclamation Programs Member      
Investments: [Abstract]      
Legally restricted funds for asset retirement obligations at New Mexico mines   $ 169 $ 168
[1] Intangible assets were net of accumulated amortization totaling $61 million at December 31, 2015, and $62 million at December 31, 2014.
[2] Relates to PT-FI's commitment for smelter development in Indonesia (refer to Note 13 for further discussion).
[3] Includes tax overpayments and refunds not expected to be realized within the next 12 months (primarily at PT-FI and Cerro Verde).
[4] 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).
[5] 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.
[6] Refer to Note 12 for further discussion.