XML 67 R54.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

REVENUE: - Revenue by Geographical Areas (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Revenue Recognition |  |  |  |
Net sales | $ 3,118.3 | $ 2,300.7 | $ 5,718.1 | $ 5,094.6
Corporate, other and eliminations |  |  |  |
Revenue Recognition |  |  |  |
Net sales | (52.1) | (38.6) | (93.4) | (76.8)
Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 1,738.5 | 1,311.2 | 3,204.4 | 2,938.1
Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 185.2 | 141.2 | 331.6 | 320.7
Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 1,246.7 | 886.9 | 2,275.4 | 1,912.6
Mexico |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 743.8 | 615.0 | 1,416.1 | 1,376.4
Mexico | Corporate, other and eliminations |  |  |  |
Revenue Recognition |  |  |  |
Net sales | (41.3) | (32.4) | (74.3) | (68.9)
Mexico | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 654.7 | 529.5 | 1,246.0 | 1,190.4
Mexico | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 121.0 | 117.9 | 227.2 | 254.9
Mexico | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 9.3 |  | 17.2 |
United States |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 389.2 | 343.2 | 701.8 | 855.5
United States | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 325.4 | 237.8 | 597.6 | 594.5
United States | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 0.3 | 1.3 | 2.0 | 8.6
United States | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 63.5 | 104.1 | 102.2 | 252.4
Peru |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 167.9 | 108.9 | 334.0 | 273.3
Peru | Corporate, other and eliminations |  |  |  |
Revenue Recognition |  |  |  |
Net sales | (10.8) | (6.2) | (19.1) | (7.9)
Peru | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 10.6 | 6.1 | 19.0 | 7.8
Peru | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 168.2 | 109.0 | 334.1 | 273.4
Brazil |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 141.0 | 83.3 | 265.9 | 191.4
Brazil | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 13.1 | 4.4 | 22.0 | 15.3
Brazil | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 127.9 | 78.9 | 243.9 | 176.1
Chile |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 131.9 | 60.5 | 226.4 | 161.3
Chile | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales |  | (3.2) |  | (8.4)
Chile | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 131.9 | 63.7 | 226.4 | 169.7
Other American countries |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 20.7 | 20.0 | 32.0 | 35.8
Other American countries | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 13.5 | 10.7 | 20.7 | 20.2
Other American countries | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales |  | 0.5 |  | 0.6
Other American countries | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 7.2 | 8.8 | 11.3 | 15.0
Switzerland |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 374.6 | 358.9 | 603.6 | 607.8
Switzerland | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 152.3 | 174.5 | 314.1 | 311.3
Switzerland | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 25.4 | 3.4 | 40.7 | 12.0
Switzerland | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 196.9 | 181.0 | 248.9 | 284.5
Italy |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 114.8 | 96.8 | 196.1 | 220.1
Italy | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales |  | 0.4 |  | 0.2
Italy | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 6.4 | 3.1 | 12.5 | 9.5
Italy | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 108.4 | 93.3 | 183.7 | 210.4
Italy | Maximum |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 0.1 |  | 0.1 |
Spain |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 157.1 | 108.0 | 287.2 | 231.9
Spain | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 131.3 | 88.6 | 241.6 | 212.5
Spain | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 25.8 | 19.4 | 45.7 | 19.4
Other European Countries |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 165.6 | 61.4 | 332.4 | 181.7
Other European Countries | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 29.0 | 14.1 | 87.6 | 73.7
Other European Countries | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 4.0 | 3.4 | 5.4 | 10.8
Other European Countries | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 132.5 | 43.9 | 239.4 | 97.2
China |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 397.3 | 169.2 | 683.7 | 352.2
China | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 334.7 | 139.3 | 510.3 | 292.6
China | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 2.4 | 1.0 | 3.5 | 1.0
China | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 60.2 | 28.9 | 169.9 | 58.6
Singapore |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 76.3 | 116.6 | 133.6 | 218.0
Singapore | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 45.7 | 64.7 | 63.3 | 108.8
Singapore | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 2.0 |  | (0.6) |
Singapore | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 28.6 | 51.9 | 70.9 | 109.2
Japan |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 182.5 | 131.8 | 427.5 | 331.3
Japan | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 27.2 | 30.1 | 81.3 | 92.0
Japan | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 155.3 | 101.7 | 346.2 | 239.3
Other Asian countries |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 55.6 | 27.1 | 77.7 | 57.9
Other Asian countries | Mexican Open-Pit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | 24.7 | 24.7 | 42.0 | 50.3
Other Asian countries | Mexican IMMSA Unit | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales |  | 0.1 |  | 0.2
Other Asian countries | Peruvian Operations | Operating segment |  |  |  |
Revenue Recognition |  |  |  |
Net sales | $ 30.9 | $ 2.3 | $ 35.6 | $ 7.4

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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 + Details
Name: | us-gaap_DisaggregationOfRevenueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-4 + Details
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=scco_CorporateAndEliminationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=scco_MexicanOpenPitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=scco_MexicanIMMSAUnitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=scco_PeruvianOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_MX
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_US
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_PE
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_BR
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_CL
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=scco_OtherAmericanCountriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_CH
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_IT
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_ES
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=scco_OtherEuropeanCountriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_CN
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_SG
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_JP
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=scco_OtherAsianCountriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |