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OTHER ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Other Assets [Abstract]  
Schedule of Other Assets
The components of other assets follow:
 December 31,
 20232022
Intangible assetsa
$422 $416 
Legally restricted trust assetsb
212 182 
Disputed tax assessments:c
Cerro Verde274 333 
PT-FI10 12 
Investments:  
PT Smeltingd
123 50 
Restricted time depositse
97 133 
Fixed income, equity securities and other84 79 
Loans to PT Smelting for expansionf
233 101 
Long-term receivable for taxesg
70 54 
Prepaid rent and deposits39 26 
Contingent consideration associated with sales of assetsh
38 47 
Long-term employee receivables26 24 
Other182 144 
Total other assets$1,810 $1,601 
a.Indefinite-lived intangible assets totaled $214 million at December 31, 2023 and 2022. Definite-lived intangible assets totaled $208 million at December 31, 2023, and $202 million at December 31, 2022, which was net of accumulated amortization totaling $43 million and $39 million, respectively.
b.Reflects amounts held in trusts for AROs related to properties in New Mexico (refer to Note 12 for further discussion).
c.Refer to Note 12 for further discussion.
d.PT-FI’s ownership in PT Smelting is recorded using the equity method. Amounts were reduced by unrecognized profits on sales from PT-FI to PT Smelting totaling $112 million at December 31, 2022. Trade accounts receivable from PT Smelting totaled $277 million at December 31, 2022.
e.Relates to PT-FI’s regulatory commitments (refer to Notes 12 and 14 for further discussion).
f.Refer to Note 3 for further discussion.
g.Includes tax overpayments and refunds not expected to be realized within the next 12 months.
h.Refer to Note 15 for further discussion.