XML 94 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
DISPOSITIONS AND ACQUISITIONS (PT-FI Divestment) (Details)
3 Months Ended 12 Months Ended
Dec. 21, 2018
USD ($)
$ / lb
$ / oz
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Jan. 01, 2023
Jan. 01, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Income tax rate                     21.00% 21.00% 35.00%    
Proceeds from divestiture, net $ 350,000,000                            
Accounts payable and accrued liabilities   $ 2,491,000,000       $ 2,230,000,000       $ 2,491,000,000 $ 2,491,000,000 $ 2,230,000,000      
Net (loss) income   43,000,000 $ (234,000,000) $ (74,000,000) $ 76,000,000 378,000,000 $ 664,000,000 $ 1,035,000,000 $ 817,000,000   (189,000,000) 2,894,000,000 $ 2,095,000,000    
Other current assets   655,000,000       422,000,000       655,000,000 655,000,000 422,000,000      
Property, plant, equipment and mine development costs, net   29,584,000,000       28,010,000,000       29,584,000,000 29,584,000,000 28,010,000,000      
Noncontrolling interests   8,150,000,000       8,094,000,000       8,150,000,000 8,150,000,000 8,094,000,000      
Capital in excess of par value   $ 25,830,000,000       $ 26,013,000,000       $ 25,830,000,000 $ 25,830,000,000 $ 26,013,000,000      
Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Proceeds from divestiture, net $ 107,000,000                            
PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage 81.28% 48.76%               48.76% 48.76%        
Net (loss) income                   $ 339,000,000 $ 203,000,000        
Net Income (Loss) Attributable to Parent                   $ 276,000,000 165,000,000        
PT-FI | Scenario, forecast                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage                           48.76%  
PT Freeport Indonesia, Subsidiary | PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage 19.00%                            
PT Indonesia Papua Metal dan Mineral | PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership interest by parent subsequent to business acquisition 25.00%                            
PT Indonesia Papua Metal dan Mineral | PT-FI | Scenario, forecast                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage                           25.00%  
Rio Tinto | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Proceeds from divestiture, net $ 3,500,000,000                            
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3                     $ 0.14        
PT Indonesia Asahan Aluminium (Persero) (Inalum) | PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Proceeds from divestiture, net $ 3,850,000,000                            
PT Indonesia Asahan Aluminium (Persero) (Inalum) | Interest In PT Indocopper Investama                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Percentage of voting interest 100.00%                            
PT Indonesia Asahan Aluminium (Persero) (Inalum) | PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Percentage of voting interest 40.00%                            
Ownership interest by parent subsequent to business acquisition 26.24%                            
PT Indonesia Asahan Aluminium (Persero) (Inalum) | PT-FI | Scenario, forecast                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage                           26.24%  
PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage of subsidiary   48.76%               48.76% 48.76%        
PT-FI | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Current assets $ 25,000,000                            
Mineral reserves 3,056,000,000                            
Mine development, infrastructure and other 1,559,000,000                            
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Excluding Taxes 77,000,000                            
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities 1,063,000,000                            
Asset Acquisition, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net $ 3,500,000,000                            
PT-FI | PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership interest by parent subsequent to business acquisition 51.24%                            
PT-FI                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage of subsidiary 48.76%                            
PT-FI | Scenario, forecast                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage of subsidiary                           48.76% 81.00%
PT-FI | PT Indonesia Papua Metal dan Mineral                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Ownership percentage 9.36%                            
Copper | PT-FI | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Price assumption per unit (in dollars per unit) | $ / lb 3.00                            
Gold | PT-FI | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Price assumption per unit (in dollars per unit) | $ / oz 1,300                            
Tax Authority, In Papua, Indonesia                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Income tax rate 25.00%                            
PT-FI | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Cash $ 458,000,000                            
Other current assets 23,000,000                            
Liabilities, Excluding Tax 77,000,000                            
Deferred Income Tax Liabilities, Net 788,000,000                            
Noncontrolling interests 4,762,000,000                            
Capital in excess of par value 531,000,000                            
PT-FI | Mineral reserves | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Property, plant, equipment and mine development costs, net 3,056,000,000                            
PT-FI | Mine development, infrastructure and other | Rio Tinto Share In Joint Venture                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Property, plant, equipment and mine development costs, net $ 1,559,000,000                            
Indemnification Agreement [Member]                              
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                              
Accounts payable and accrued liabilities   $ 33,000,000               $ 33,000,000 $ 33,000,000