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REVENUE RECOGNITION: (Tables)

6 Months Ended

Jun. 30, 2018

REVENUE RECOGNITION:

Summary of company's sales by geographic wise and segment wise

The geographic breakdown of the Company’s sales is as follows (in millions):

		Three Months Ended June 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	328.1		$	109.3		$	—		$	(18.8	)	$	418.6
United States		270.9			0.6			56.9			—			328.4
Peru		—			—			106.5			—			106.5
Brazil		—			9.7			64.4			—			74.1
Chile		—			—			23.6			—			23.6
Other American countries		13.8			1.6			0.2			—			15.6
Europe:
Switzerland		116.7			17.8			30.6			—			165.1
Italy		4.7			8.0			78.1			—			90.8
Spain		44.2			—			—			—			44.2
Other European countries		69.9			5.8			22.4			—			98.1
Asia:
Singapore		140.2			—			146.6			—			286.8
Japan		29.1			—			104.0			—			133.1
Other Asian countries		43.5			0.3			8.5			—			52.3
Total		$	1,061.1		$	153.1		$	641.8		$	(18.8	)	$	1,837.2

		Three Months Ended June 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	263.6		$	87.5		$	2.2		$	(17.6	)	$	335.7
United States		194.1			11.9			36.4			—			242.4
Peru		—			0.4			82.4			—			82.8
Brazil		—			12.1			43.8			—			55.9
Chile		—			—			18.1			—			18.1
Other American countries		14.2			0.7			0.1			—			15.0
Europe:
Switzerland		134.5			2.5			23.7			—			160.7
Italy		8.5			3.4			66.7			—			78.6
Spain		35.2			—			—			—			35.2
Other European countries		77.1			6.4			17.5			—			101.0
Asia:
Singapore		114.0			(0.1		)	127.6			—			241.5
Japan		8.1			—			93.1			—			101.2
Other Asian countries		50.5			0.1			11.1			—			61.7
Total		$	899.8		$	124.9		$	522.7		$	(17.6	)	$	1,529.8

		Six Months Ended June 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	696.9		$	220.7		$	—		$	(38.4	)	$	879.2
United States		519.3			5.5			98.4			—			623.2
Peru		—			—			200.0			—			200.0
Brazil		—			22.3			127.3			—			149.6
Chile		—			—			59.6			—			59.6
Other American countries		26.4			2.3			1.2			—			29.9
Europe:
Switzerland		199.0			27.1			74.4			—			300.5
Italy		13.1			13.5			160.3			—			186.9
Spain		88.7			—			—			—			88.7
Other European countries		121.7			10.5			48.1			—			180.3
Asia:
Singapore		284.1			—			279.0			—			563.1
Japan		73.3			—			219.3			—			292.6
Other Asian countries		107.2			0.5			17.1			—			124.8
Total		$	2,129.7		$	302.4		$	1,284.7		$	(38.4	)	$	3,678.4

		Six Months Ended June 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	564.1		$	176.0		$	2.2		$	(38.1	)	$	704.2
United States		460.7			23.6			58.4			—			542.7
Peru		—			0.8			169.9			—			170.7
Brazil		—			24.0			89.3			—			113.3
Chile		—			—			51.3			—			51.3
Other American countries		31.1			1.7			6.3			—			39.1
Europe:
Switzerland		225.7			5.8			26.1			—			257.6
Italy		14.2			8.5			143.5			—			166.2
Spain		65.4			—			—			—			65.4
Other European countries		127.3			13.6			36.3			—			177.2
Asia:
Singapore		255.6			1.4			263.1			—			520.1
Japan		34.6			—			182.1			—			216.7
Other Asian countries		73.3			0.3			15.7			—			89.3
Total		$	1,852.0		$	255.7		$	1,044.2		$	(38.1	)	$	3,113.8

The following table presents information regarding the sales value by reporting segment of the Company’s significant products for the three and six months ended June 30, 2018 and 2017 (in millions):

		Three Months Ended June 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	911.7		$	15.9		$	571.9		$	(11.0	)	$	1,488.5
Molybdenum		73.9			—			30.6			—			104.5
Zinc		—			94.8			—			—			94.8
Silver		48.1			23.9			18.4			(7.1		)	83.3
Other		27.4			18.5			20.9			(0.7		)	66.1
Total		$	1,061.1		$	153.1		$	641.8		$	(18.8	)	$	1,837.2

		Three Months Ended June 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	788.4		$	8.0		$	467.8		$	(8.1	)	$	1,256.1
Molybdenum		42.7			—			24.4			—			67.1
Zinc		—			76.4			—			0.3			76.7
Silver		42.9			20.2			19.9			(7.5		)	75.5
Other		25.8			20.3			10.6			(2.3		)	54.4
Total		$	899.8		$	124.9		$	522.7		$	(17.6	)	$	1,529.8

		Six Months Ended June 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	1,821.1		$	27.1		$	1,135.9		$	(22.2	)	$	2,961.9
Molybdenum		164.9			—			75.9			—			240.8
Zinc		—			189.8			—			(0.1		)	189.7
Silver		90.7			44.5			33.8			(14.6		)	154.4
Other		53.0			41.0			39.1			(1.5		)	131.6
Total		$	2,129.7		$	302.4		$	1,284.7		$	(38.4	)	$	3,678.4
		Six Months Ended June 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	1,616.6		$	18.9		$	925.4		$	(19.0	)	$	2,541.9
Molybdenum		96.6			—			63.3			—			159.9
Zinc		—			155.7			—			—			155.7
Silver		90.4			39.9			33.9			(14.9		)	149.3
Other		48.4			41.2			21.6			(4.2		)	107.0
Total		$	1,852.0		$	255.7		$	1,044.2		$	(38.1	)	$	3,113.8

Schedule of opening and closing balances of receivables by reporting segment

The following table presents information regarding the opening and closing balances of receivables by reporting segment of the Company for the six months ended June 30, 2018 (in millions):

		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
As of June 30, 2018:
Trade receivables		$	503.3		$	62.9		$	247.0		$	—		$	813.2
Related parties		67.4			—			—			8.8			76.2
As of December 31, 2017:
Trade receivables		$	556.2		$	79.7		$	254.7		$	—		$	890.6
Related parties		18.0			—			—			8.1			26.1

Schedule of provisionally priced copper and molybdenum sales outstanding

Following are the provisionally priced copper and molybdenum sales outstanding at June 30, 2018:

		Sales volume (million lbs.)		Priced at (per pound)			Month of settlement
Copper		31.3		$	2.96		July through September 2018
Molybdenum		10.0		$	10.60		July through September 2018

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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