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: