OTHER ASSETS

12 Months Ended

Dec. 31, 2016

Other Assets [Abstract]

Other Assets Disclosure

OTHER ASSETS

The components of other assets follow:

	December 31,
	2016		2015
Disputed tax assessments:a
PT-FI	$	331	$	209
Cerro Verde	277		245
Intangible assetsb	305		316
Investments:
Assurance bondc	120		118
PT Smeltingd	83		112
Available-for-sale securities	50		47
Other	50		50
Contingent consideration associated with sales of assetse	196		—
Legally restricted fundsf	182		171
Long-term receivable for taxesg	129		261
Rio Tinto's share of ARO	71		49
Long-lead equipment	17		187
Deferred drillship costs	—		81
Other	145		141
Total other assets	$	1,956	$	1,987

a. Refer to Note 12 for further discussion.

b. Intangible assets were net of accumulated amortization totaling $37 million at December 31, 2016, and $61 million at December 31, 2015.

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 $39 million at December 31, 2016, and $14 million at December 31, 2015. Trade accounts receivable from PT Smelting totaled $283 million at December 31, 2016, and $160 million at December 31, 2015.

e. Refer to Note 2 for further discussion.

f. Includes $173 million at December 31, 2016, and $169 million at December 31, 2015, held in trusts for AROs related to properties in New Mexico (refer to Note 12 for further discussion).

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