OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Other Assets [Abstract]

Schedule of Other Assets

The components of other assets follow:

	December 31,
	2024		2023
Intangible assetsa	$	428	$	422
Legally restricted trust assetsb	217		212
Disputed tax assessments:c
Cerro Verde	275		274
PT-FI	10		10
Investments:
PT Smeltingd	354		123
Fixed income, equity securities and other	102		84
Restricted time depositse	100		97
Cloud computing arrangements	151		76
Long-term receivable for taxesf	43		70
Long-term employee receivables	24		26
Prepaid rent and deposits	9		39
Loans to PT Smelting for expansiond	—		233
Contingent consideration associated with sales of assetsg	—		38
Other	100		106
Total other assets	$	1,813	$	1,810

a.Indefinite-lived intangible assets totaled $214 million at December 31, 2024 and 2023. Definite-lived intangible assets totaled $214 million at December 31, 2024, and $208 million at December 31, 2023, which were net of accumulated amortization totaling $46 million and $43 million, respectively.

b.Reflects amounts held in trusts for AROs related to properties in New Mexico (refer to Note 10).

c.Refer to Note 10.

d.Refer to Note 2.

e.Relates to PT-FI’s regulatory commitments (refer to Notes 10 and 12).

f.Includes tax overpayments and refunds not expected to be realized within the next 12 months.

g.Refer to Note 13.