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LEASES: (Tables)
3 Months Ended
Mar. 31, 2022
LEASES:  
Schedule of the operating lease expense recognized

The operating lease expense recognized in the first three months of 2022 and 2021 was classified as follows (in millions):

Classification

    

2022

 

2021

Cost of sales (exclusive of depreciation, amortization and depletion)

 

$

28.8

$

28.6

Selling, general and administrative

 

(*)

 

(*)

Exploration

 

(*)

 

(*)

Total lease expense

 

$

28.8

$

28.6

Schedule of Maturities of lease liabilities

Lease liabilities

Year

    

(in millions)

2022

 

$

86.1

2023

 

113.9

2024

 

106.3

2025

 

105.3

2026

 

105.1

After 2026

 

624.2

Total lease payments

 

$

1,140.9

Less: interest on lease liabilities

 

(240.1)

Present value of lease payments

 

$

900.8