XML 85 R64.htm IDEA: XBRL DOCUMENT
v3.3.1.900

FINANCING: (Details) $ in Millions |  | 12 Months Ended | 89 Months Ended
--- | --- | --- | ---
Apr. 20, 2015 USD ($) tranche | Dec. 31, 2015 USD ($) item Agency grade | Dec. 31, 2014 USD ($) | Nov. 30, 2012 USD ($) item
FINANCING |  |  |  |
Face amount |  | $ 6,125.0 | $ 4,325.0 | $ 4,200.0
Issuance discount |  | (63.8) | (45.1) |
Issuance costs |  | (35.8) | (25.1) |
Carrying value |  | 5,951.5 | 4,180.9 |
Less, current portion |  |  | (200.0) |
Total long term debt |  | $ 5,951.5 | 3,980.9 |
Number of tranches | tranche | 2 |  |  |
Underwriters discount | $ 20.2 |  |  |
Debt issuance cost | 9.6 |  |  |
Number of times for which senior unsecured notes were issued | item |  |  |  | 6
Percentage of principal amount at which notes may be required to be repurchased in event of change of control in the entity |  | 101.00% |  |
Minimum |  |  |  |
FINANCING |  |  |  |
Number of rating agencies that could cause a change of control triggering event | Agency |  | 1 |  |
Number of decreased gradations that could cause a change of control triggering event | grade |  | 1 |  |
Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | 4,206.0 |
Less, current portion |  |  | (200.0) |
Total long term debt |  |  | 4,006.0 |
5.375% Senior unsecured notes due 2020 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 400.0 | 400.0 |
Issuance discount |  | (1.0) | (1.2) |
Issuance costs |  | (1.1) | (1.3) |
Carrying value |  | $ 397.9 | $ 397.5 |
Interest rate (as a percent) |  | 5.375% | 5.375% |
5.375% Senior unsecured notes due 2020 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 398.8 |
3.500% Senior unsecured notes due 2022 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 300.0 | 300.0 |
Issuance discount |  | (0.7) | (0.8) |
Issuance costs |  | (1.1) | (1.2) |
Carrying value |  | $ 298.2 | $ 298.0 |
Interest rate (as a percent) |  | 3.50% | 3.50% |
3.500% Senior unsecured notes due 2022 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 299.2 |
3.875% Senior unsecured notes due 2025 |  |  |  |
FINANCING |  |  |  |
Face amount | $ 500.0 | $ 500.0 |  |
Issuance discount |  | (2.6) |  |
Issuance costs |  | (2.4) |  |
Carrying value |  | $ 495.0 |  |
Interest rate (as a percent) | 3.875% | 3.875% |  |
9.250% Yankee Bonds due 2028 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 125.0 | 125.0 |
Carrying value |  | $ 51.1 | $ 51.1 |
Interest rate (as a percent) |  | 9.25% | 9.25% |
9.250% Yankee Bonds due 2028 | Minera Mexico | Minimum |  |  |  |
FINANCING |  |  |  |
Ratio of EBITDA to interest expense | item |  | 2.5 |  |
9.250% Yankee Bonds due 2028 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 51.1 |
7.500% Senior unsecured notes due 2035 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 1,000.0 | 1,000.0 |
Issuance discount |  | (14.0) | (14.2) |
Issuance costs |  | (9.1) | (9.3) |
Carrying value |  | $ 976.9 | $ 976.5 |
Interest rate (as a percent) |  | 7.50% | 7.50% |
7.500% Senior unsecured notes due 2035 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 985.8 |
6.375% Senior unsecured notes due 2015 |  |  |  |
FINANCING |  |  |  |
Face amount |  |  | 200.0 |
Issuance discount |  |  | (0.2) |
Issuance costs |  |  | (0.2) |
Carrying value |  |  | $ 199.6 |
Interest rate (as a percent) |  |  | 6.375% |
6.375% Senior unsecured notes due 2015 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 199.8 |
6.750% Senior unsecured notes due 2040 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 1,100.0 | 1,100.0 |
Issuance discount |  | (7.7) | (7.8) |
Issuance costs |  | (6.1) | (6.2) |
Carrying value |  | $ 1,086.2 | $ 1,086.0 |
Interest rate (as a percent) |  | 6.75% | 6.75% |
6.750% Senior unsecured notes due 2040 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 1,092.2 |
5.250% Senior unsecured notes due 2042 |  |  |  |
FINANCING |  |  |  |
Face amount |  | $ 1,200.0 | 1,200.0 |
Issuance discount |  | (20.5) | (20.9) |
Issuance costs |  | (6.8) | (6.9) |
Carrying value |  | $ 1,172.7 | $ 1,172.2 |
Interest rate (as a percent) |  | 5.25% | 5.25% |
5.250% Senior unsecured notes due 2042 | Restatement |  |  |  |
FINANCING |  |  |  |
Carrying value |  |  | $ 1,179.1 |
5.875% Senior unsecured notes due 2045 |  |  |  |
FINANCING |  |  |  |
Face amount | $ 1,500.0 | $ 1,500.0 |  |
Issuance discount |  | (17.3) |  |
Issuance costs |  | (9.2) |  |
Carrying value |  | $ 1,473.5 |  |
Interest rate (as a percent) | 5.875% | 5.875% |  |
Fixed-rate senior unsecured notes issued in April 2015 |  |  |  |
FINANCING |  |  |  |
Face amount | $ 2,000.0 |  |  |

X
- Definition Represents the number of decreased gradations that could cause a change of control trigger event through a rating decline. + References No definition available. + Details
Name: | scco_DebtInstrumentChangeOfControlTriggeringEventRatingDeclineGradationsDecreaseNumber
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the number of rating agencies that could cause a change of control trigger event through a rating decline. + References No definition available. + Details
Name: | scco_DebtInstrumentChangeOfControlTriggeringEventRatingDeclineRatingAgenciesNumber
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the ratio of EBITDA (earnings before interest, taxes, depreciation and amortization) to interest expense required to be maintained under financial covenants. + References No definition available. + Details
Name: | scco_DebtInstrumentCovenantRatioEBITDAToInterestExpense
Namespace Prefix: | scco_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents information pertaining to number of tranches. + References No definition available. + Details
Name: | scco_DebtInstrumentNumberOfTranches
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the redemption price as a percentage of the principal amount at which the debt instrument may be required to be repurchased in the event of a change of control in the entity. + References No definition available. + Details
Name: | scco_DebtInstrumentRedemptionPriceDueToControlChangeAsPercentageOfPrincipalAmount
Namespace Prefix: | scco_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents number of times senior unsecured notes issued during the period. + References No definition available. + Details
Name: | scco_NumberOfTimesSeniorUnsecuredNotesIssued
Namespace Prefix: | scco_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of debt issuance costs (for example, but not limited to, legal, accounting, broker, and regulatory fees). + References No definition available. + Details
Name: | us-gaap_DebtIssuanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Cash paid for expenses incurred during underwriting activities (the process to review insurance applications, evaluate risks, accept or reject applications, and determine the premiums to be charged) for insurance companies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585 + Details
Name: | us-gaap_PaymentsForUnderwritingExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_RestatementAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes5.375PercentDue2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes3.50PercentDue2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes3.875PercentDue2025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_YankeeBondsSeriesB9.25PercentDue2028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=scco_MineraMexicoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_SeniorUnsecuredNotes7.50PercentDue2035Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_SeniorUnsecuredNotes6.375PercentDue2015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes6.75PercentDue2040Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes5.25PercentDue2042Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotes5.875PercentDue2045Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=scco_FixedRateSeniorUnsecuredNotesIssuedInApril2015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |