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REVENUE RECOGNITION: (Tables)

9 Months Ended

Sep. 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 September 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	329.3		$	86.4		$	—		$	(17.2	)	$	398.5
United States		263.1			0.5			40.8			—			304.4
Peru		—			—			92.6			—			92.6
Brazil		—			6.6			55.9			—			62.5
Chile		—			—			42.4			—			42.4
Other American countries		15.2			0.5			—			—			15.7
Europe:
Switzerland		141.4			6.8			31.4			—			179.6
Italy		5.1			3.4			64.3			—			72.8
Spain		42.0			—			—			—			42.0
Other European countries		74.0			2.9			24.3			—			101.2
Asia:
Singapore		104.9			—			164.1			—			269.0
Japan		(4.7		)	—			114.0			—			109.3
Other Asian countries		24.8			0.2			8.7			—			33.7
Total		$	995.1		$	107.3		$	638.5		$	(17.2	)	$	1,723.7

		Three Months Ended September 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	332.9		$	77.2		$	2.8		$	(16.0	)	$	396.9
United States		272.3			10.1			47.5			—			329.9
Peru		—			—			94.5			—			94.5
Brazil		—			5.7			52.8			—			58.5
Chile		—			—			26.5			—			26.5
Other American countries		19.4			0.7			6.6			—			26.7
Europe:
Switzerland		91.1			1.8			29.0			—			121.9
Italy		7.9			3.7			62.3			—			73.9
Spain		34.8			—			—			—			34.8
Other European countries		35.1			4.2			19.4			—			58.7
Asia:
Singapore		172.1			—			115.4			—			287.5
Japan		35.5			—			98.9			—			134.4
Other Asian countries		22.2			0.1			10.0			—			32.3
Total		$	1,023.3		$	103.5		$	565.7		$	(16.0	)	$	1,676.5

		Nine Months Ended September 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	1,026.2		$	307.0		$	—		$	(55.6	)	$	1,277.6
United States		782.4			6.1			139.1			—			927.6
Peru		—			—			292.7			—			292.7
Brazil		—			28.8			183.2			—			212.0
Chile		—			—			102.1			—			102.1
Other American countries		41.6			2.9			1.2			—			45.7
Europe:
Switzerland		340.4			33.9			105.8			—			480.1
Italy		18.2			16.8			224.6			—			259.6
Spain		130.7			—			—			—			130.7
Other European countries		195.7			13.4			72.4			—			281.5
Asia:
Singapore		389.0			—			443.1			—			832.1
Japan		68.7			—			333.2			—			401.9
Other Asian countries		132.0			0.7			25.8			—			158.5
Total		$	3,124.9		$	409.6		$	1,923.2		$	(55.6	)	$	5,402.1

		Nine Months Ended September 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
The Americas:
Mexico		$	897.1		$	253.2		$	5.1		$	(54.1	)	$	1,101.3
United States		733.0			33.7			105.8			—			872.5
Peru		—			0.8			264.4			—			265.2
Brazil		—			29.7			142.1			—			171.8
Chile		—			—			77.8			—			77.8
Other American countries		50.5			2.4			12.9			—			65.8
Europe:
Switzerland		316.9			7.6			55.1			—			379.6
Italy		22.2			12.1			205.7			—			240.0
Spain		100.2			—			—			—			100.2
Other European countries		162.4			17.8			55.7			—			235.9
Asia:
Singapore		427.6			1.4			378.6			—			807.6
Japan		70.0			—			281.0			—			351.0
Other Asian countries		95.4			0.4			25.7			—			121.5
Total		$	2,875.3		$	359.1		$	1,609.9		$	(54.1	)	$	4,790.2

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

		Three Months Ended September 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	840.8		$	9.9		$	550.8		$	(10.0	)	$	1,391.5
Molybdenum		89.2			—			48.4			—			137.6
Zinc		—			63.2			—			—			63.2
Silver		42.5			19.0			16.8			(6.6		)	71.7
Other		22.6			15.2			22.5			(0.6		)	59.7
Total		$	995.1		$	107.3		$	638.5		$	(17.2	)	$	1,723.7

		Three Months Ended September 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	898.9		$	9.2		$	502.6		$	(9.2	)	$	1,401.5
Molybdenum		57.3			—			33.9			—			91.2
Zinc		—			59.8			—			0.2			60.0
Silver		42.3			16.5			17.7			(5.8		)	70.7
Other		24.8			18.0			11.5			(1.2		)	53.1
Total		$	1,023.3		$	103.5		$	565.7		$	(16.0	)	$	1,676.5

		Nine Months Ended September 30, 2018
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	2,661.9		$	37.0		$	1,686.7		$	(32.2	)	$	4,353.4
Molybdenum		254.2			—			124.3			—			378.5
Zinc		—			253.0			—			(0.1		)	252.9
Silver		133.2			63.4			50.6			(21.2		)	226.0
Other		75.6			56.2			61.6			(2.1		)	191.3
Total		$	3,124.9		$	409.6		$	1,923.2		$	(55.6	)	$	5,402.1

		Nine Months Ended September 30, 2017
		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
Copper		$	2,515.5		$	28.1		$	1,428.0		$	(28.2	)	$	3,943.4
Molybdenum		153.9			—			97.2			—			251.1
Zinc		—			215.5			—			0.2			215.7
Silver		132.7			56.4			51.6			(20.7		)	220.0
Other		73.2			59.1			33.1			(5.4		)	160.0
Total		$	2,875.3		$	359.1		$	1,609.9		$	(54.1	)	$	4,790.2

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 nine months ended September 30, 2018 (in millions):

		Mexican Open-Pit			Mexican IMMSA Unit			Peruvian Operations			Corporate & Elimination			Consolidated
As of September 30, 2018:
Trade receivables		$	459.7		$	47.3		$	271.4		$	—		$	778.4
Related parties		81.8			—			—			8.9			90.7
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 September 30, 2018:

		Sales volume (million lbs.)		Priced at (per pound)			Month of settlement
Copper		51.3		$	2.80		October 2018 through January 2019
Molybdenum		11.4		$	11.80		October through December 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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-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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