XML 61 R16.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Business Segments (Unaudited) | 9 Months Ended
--- | ---
Sep. 30, 2015
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS FCX has organized its mining operations into five primary divisions – North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. Notwithstanding this structure, FCX internally reports information on a mine-by-mine basis for its mining operations. Therefore, FCX concluded that its operating segments include individual mines or operations relative to its mining operations. For oil and gas operations, FCX determines its operating segments on a country-by-country basis. Operating segments that meet certain thresholds are reportable segments, which are separately disclosed in the following table. Intersegment Sales. Intersegment sales between FCX’s mining operations are based on similar arms-length transactions with third parties at the time of the sale. Intersegment sales may not be reflective of the actual prices ultimately realized because of a variety of factors, including additional processing, timing of sales to unaffiliated customers and transportation premiums. FCX defers recognizing profits on sales from its mines to other divisions, including Atlantic Copper (FCX's wholly owned smelter and refinery in Spain) and on 25 percent of PT-FI's sales to PT Smelting (PT-FI's 25 percent-owned smelter and refinery in Indonesia), until final sales to third parties occur. Quarterly variations in ore grades, the timing of intercompany shipments and changes in product prices result in variability in FCX's net deferred profits and quarterly earnings. Allocations. FCX allocates certain operating costs, expenses and capital expenditures to its operating divisions and individual segments. However, not all costs and expenses applicable to an operation are allocated. U.S. federal and state income taxes are recorded and managed at the corporate level (included in corporate, other & eliminations), whereas foreign income taxes are recorded and managed at the applicable country level. In addition, most mining exploration and research activities are managed on a consolidated basis, and those costs along with some selling, general and administrative costs are not allocated to the operating divisions or individual segments. Accordingly, the following segment information reflects management determinations that may not be indicative of what the actual financial performance of each operating division or segment would be if it was an independent entity. Financial Information by Business Segments
(In millions) | Mining Operations |  |  |  |  |  |
| North America Copper Mines |  | South America |  | Indonesia |  | Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Atlantic |  | Other |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Molyb- |  |  |  | Copper |  | Mining |  |  |  | U.S. |  | Other |  |
|  |  | Other |  |  |  | Cerro |  | Other |  |  |  |  |  |  |  | denum |  | Rod & |  | Smelting |  | & Elimi- |  | Total |  | Oil & Gas |  | & Elimi- |  | FCX
| Morenci |  | Mines |  | Total |  | Verde |  | Mines a |  | Total |  | Grasberg |  | Tenke |  | Mines |  | Refining |  | & Refining |  | nations |  | Mining |  | Operations |  | nations |  | Total
Three Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 165 |  |  | $ | 58 |  |  | $ | 223 |  |  | $ | 238 |  |  | $ | 187 |  |  | $ | 425 |  |  | $ | 557 |  | b | $ | 299 |  |  | $ | — |  |  | $ | 946 |  |  | $ | 438 |  |  | $ | 267 |  | c | $ | 3,155 |  |  | $ | 525 |  | d | $ | 1 |  |  | $ | 3,681 |
Intersegment | 332 |  |  | 614 |  |  | 946 |  |  | 13 |  |  | — |  |  | 13 |  |  | 52 |  |  | 29 |  |  | 83 |  |  | 5 |  |  | 1 |  |  | (1,129 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 357 |  |  | 671 |  |  | 1,028 |  | e | 177 |  |  | 167 |  | e | 344 |  |  | 417 |  |  | 209 |  |  | 86 |  | e | 946 |  |  | 410 |  |  | (842 | ) | e | 2,598 |  |  | 293 |  |  | 2 |  | e | 2,893 |
Depreciation, depletion and amortization | 51 |  |  | 85 |  |  | 136 |  |  | 57 |  |  | 32 |  |  | 89 |  |  | 90 |  |  | 65 |  |  | 26 |  |  | 2 |  |  | 10 |  |  | 16 |  |  | 434 |  |  | 450 |  |  | 4 |  |  | 888 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,480 |  |  | 172 |  | f | 3,652 |
Selling, general and administrative expenses | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | 24 |  |  | 2 |  |  | — |  |  | — |  |  | 4 |  |  | 5 |  |  | 37 |  |  | 37 |  |  | 50 |  |  | 124 |
Mining exploration and research expenses | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31 |  |  | 32 |  |  | — |  |  | — |  |  | 32 |
Environmental obligations and shutdown costs | — |  |  | 3 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33 |  |  | 36 |  |  | — |  |  | 1 |  |  | 37 |
Operating income (loss) | 88 |  |  | (88 | ) |  | — |  |  | 16 |  |  | (12 | ) |  | 4 |  |  | 78 |  |  | 52 |  |  | (29 | ) |  | 3 |  |  | 15 |  |  | (105 | ) |  | 18 |  |  | (3,735 | ) |  | (228 | ) |  | (3,945 | )
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 19 |  |  | 23 |  |  | 51 |  |  | 89 |  |  | 163 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | 21 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | (389 | ) |  | (360 | )
Total assets at September 30, 2015 | 3,720 |  |  | 5,159 |  |  | 8,879 |  |  | 9,136 |  |  | 1,843 |  |  | 10,979 |  |  | 8,965 |  |  | 5,100 |  |  | 2,017 |  |  | 235 |  |  | 699 |  |  | 1,326 |  |  | 38,200 |  |  | 11,911 |  |  | 272 |  |  | 50,383 |
Capital expenditures | 61 |  |  | 33 |  |  | 94 |  |  | 421 |  |  | 16 |  |  | 437 |  |  | 222 |  |  | 69 |  |  | 3 |  |  | 1 |  |  | 10 |  |  | 10 |  |  | 846 |  |  | 635 |  | g | 46 |  |  | 1,527 |
Three Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 140 |  |  | $ | 79 |  |  | $ | 219 |  |  | $ | 295 |  |  | $ | 441 |  |  | $ | 736 |  |  | $ | 1,086 |  | b | $ | 379 |  |  | $ | — |  |  | $ | 1,219 |  |  | $ | 597 |  |  | $ | 470 |  | c | $ | 4,706 |  |  | $ | 990 |  | d | $ | — |  |  | $ | 5,696 |
Intersegment | 428 |  |  | 843 |  |  | 1,271 |  |  | 63 |  |  | 48 |  |  | 111 |  |  | 167 |  |  | 49 |  |  | 173 |  |  | 8 |  |  | 4 |  |  | (1,783 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 341 |  |  | 561 |  |  | 902 |  |  | 178 |  |  | 293 |  |  | 471 |  |  | 700 |  |  | 206 |  |  | 86 |  |  | 1,220 |  |  | 578 |  |  | (1,283 | ) |  | 2,880 |  |  | 273 |  |  | (1 | ) |  | 3,152 |
Depreciation, depletion and amortization | 51 |  |  | 82 |  |  | 133 |  |  | 41 |  |  | 61 |  |  | 102 |  |  | 92 |  |  | 58 |  |  | 25 |  |  | 2 |  |  | 11 |  |  | 15 |  |  | 438 |  |  | 504 |  |  | 3 |  |  | 945 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 308 |  |  | — |  |  | 308 |
Selling, general and administrative expenses | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | 27 |  |  | 3 |  |  | — |  |  | — |  |  | 4 |  |  | 7 |  |  | 43 |  |  | 55 |  |  | 60 |  |  | 158 |
Mining exploration and research expenses | — |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | 29 |  |  | — |  |  | — |  |  | 29 |
Environmental obligations and shutdown costs | — |  |  | (5 | ) |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Net gain on sales of assets | — |  |  | (14 | ) |  | (14 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (32 | ) |  | (46 | ) |  | — |  |  | — |  |  | (46 | )
Operating income (loss) | 176 |  |  | 295 |  |  | 471 |  |  | 139 |  |  | 134 |  |  | 273 |  |  | 434 |  |  | 161 |  |  | 62 |  |  | 5 |  |  | 8 |  |  | (70 | ) |  | 1,344 |  |  | (150 | ) |  | (62 | ) |  | 1,132 |
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 19 |  |  | 24 |  |  | 51 |  |  | 83 |  |  | 158 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | 47 |  |  | 95 |  |  | 142 |  |  | 181 |  |  | 36 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 359 |  |  | — |  |  | (10 | ) |  | 349 |
Total assets at September 30, 2014 | 3,689 |  |  | 5,742 |  |  | 9,431 |  |  | 7,006 |  |  | 3,721 |  |  | 10,727 |  |  | 8,537 |  |  | 5,010 |  |  | 2,089 |  |  | 282 |  |  | 948 |  |  | 1,025 |  |  | 38,049 |  |  | 25,328 |  |  | 498 |  |  | 63,875 |
Capital expenditures | 158 |  |  | 30 |  |  | 188 |  |  | 416 |  |  | 23 |  |  | 439 |  |  | 243 |  |  | 40 |  |  | 12 |  |  | 1 |  |  | 3 |  |  | 11 |  |  | 937 |  |  | 908 |  | g | 8 |  |  | 1,853 |
a. | Third-quarter 2014 includes the results of the Candelaria and Ojos del Salado mining operations, which were sold in November 2014.
b. | Includes PT-FI’s sales to PT Smelting totaling $61 million in third-quarter 2015 and $628 million in third-quarter 2014.
c. | Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
d. | Includes net mark-to-market gains associated with crude oil and natural gas derivative contracts totaling $29 million in third-quarter 2015 and $64 million in third-quarter 2014.
e. | Includes charges totaling $133 million at North America copper mines for inventory adjustments, impairments and restructuring, $11 million at other South America mines for restructuring, $5 million at Molybdenum mines and $35 million at other mining & eliminations for inventory adjustments and restructuring, and $2 million for restructuring at corporate, other & eliminations.
f. | Primarily includes impairment charges for Morocco oil and gas properties.
g. | Excludes capital expenditures totaling $37 million in third-quarter 2015 and $7 million in third-quarter 2014 primarily related to the Morocco oil and gas properties, which are included in corporate, other & eliminations.
(In millions) | Mining Operations |  |  |  |  |  |
| North America Copper Mines |  | South America |  | Indonesia |  | Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Atlantic |  | Other |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Molyb- |  |  |  | Copper |  | Mining |  |  |  | U.S. |  | Other |  |
|  |  | Other |  |  |  | Cerro |  | Other |  |  |  |  |  |  |  | denum |  | Rod & |  | Smelting |  | & Elimi- |  | Total |  | Oil & Gas |  | & Elimi- |  | FCX
| Morenci |  | Mines |  | Total |  | Verde |  | Mines a |  | Total |  | Grasberg |  | Tenke |  | Mines |  | Refining |  | & Refining |  | nations |  | Mining |  | Operations b |  | nations |  | Total
Nine Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 451 |  |  | $ | 265 |  |  | $ | 716 |  |  | $ | 681 |  |  | $ | 639 |  |  | $ | 1,320 |  |  | $ | 1,969 |  | c | $ | 991 |  |  | $ | — |  |  | $ | 3,097 |  |  | $ | 1,473 |  |  | $ | 921 |  | d | $ | 10,487 |  |  | $ | 1,594 |  | e | $ | 1 |  |  | $ | 12,082 |
Intersegment | 1,209 |  |  | 1,984 |  |  | 3,193 |  |  | 64 |  |  | (7 | ) | f | 57 |  |  | 37 |  |  | 98 |  |  | 298 |  |  | 20 |  |  | 12 |  |  | (3,715 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 1,117 |  |  | 1,816 |  |  | 2,933 |  | g | 540 |  |  | 464 |  | g | 1,004 |  |  | 1,311 |  |  | 634 |  |  | 253 |  | g | 3,097 |  |  | 1,397 |  |  | (2,840 | ) | g | 7,789 |  |  | 857 |  |  | 7 |  | g | 8,653 |
Depreciation, depletion and amortization | 157 |  |  | 251 |  |  | 408 |  |  | 134 |  |  | 102 |  |  | 236 |  |  | 238 |  |  | 195 |  |  | 77 |  |  | 7 |  |  | 29 |  |  | 51 |  |  | 1,241 |  |  | 1,465 |  |  | 11 |  |  | 2,717 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,270 |  |  | 172 |  | h | 9,442 |
Selling, general and administrative expenses | 2 |  |  | 2 |  |  | 4 |  |  | 2 |  |  | 1 |  |  | 3 |  |  | 74 |  |  | 8 |  |  | — |  |  | — |  |  | 13 |  |  | 16 |  |  | 118 |  |  | 140 |  |  | 171 |  |  | 429 |
Mining exploration and research expenses | — |  |  | 6 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 95 |  |  | 101 |  |  | — |  |  | — |  |  | 101 |
Environmental obligations and shutdown costs | — |  |  | 3 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 57 |  |  | 60 |  |  | — |  |  | 1 |  |  | 61 |
Net gain on sales of assets | — |  |  | (39 | ) |  | (39 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39 | ) |  | — |  |  | — |  |  | (39 | )
Operating income (loss) | 384 |  |  | 210 |  |  | 594 |  |  | 69 |  |  | 65 |  |  | 134 |  |  | 383 |  |  | 252 |  |  | (32 | ) |  | 13 |  |  | 46 |  |  | (173 | ) |  | 1,217 |  |  | (10,138 | ) |  | (361 | ) |  | (9,282 | )
Interest expense, net | 2 |  |  | 1 |  |  | 3 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 57 |  |  | 69 |  |  | 129 |  |  | 260 |  |  | 458 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | — |  |  | 32 |  |  | 32 |  |  | 145 |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 236 |  |  | — |  |  | (1,978 | ) |  | (1,742 | )
Capital expenditures | 224 |  |  | 84 |  |  | 308 |  |  | 1,296 |  |  | 43 |  |  | 1,339 |  |  | 660 |  |  | 166 |  |  | 10 |  |  | 2 |  |  | 18 |  |  | 37 |  |  | 2,540 |  |  | 2,430 |  | i | 85 |  |  | 5,055 |
Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 215 |  |  | $ | 195 |  |  | $ | 410 |  |  | $ | 996 |  |  | $ | 1,387 |  |  | $ | 2,383 |  |  | $ | 2,071 |  | c | $ | 1,071 |  |  | $ | — |  |  | $ | 3,599 |  |  | $ | 1,808 |  |  | $ | 1,374 |  | d | $ | 12,716 |  |  | $ | 3,487 |  | e | $ | — |  |  | $ | 16,203 |
Intersegment | 1,346 |  |  | 2,489 |  |  | 3,835 |  |  | 150 |  |  | 243 |  |  | 393 |  |  | 175 |  |  | 102 |  |  | 469 |  |  | 24 |  |  | 15 |  |  | (5,013 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 936 |  |  | 1,622 |  |  | 2,558 |  |  | 538 |  |  | 939 |  |  | 1,477 |  |  | 1,594 |  |  | 556 |  |  | 243 |  |  | 3,601 |  |  | 1,784 |  |  | (3,753 | ) |  | 8,060 |  |  | 913 |  |  | (2 | ) |  | 8,971 |
Depreciation, depletion and amortization | 128 |  |  | 240 |  |  | 368 |  |  | 120 |  |  | 164 |  |  | 284 |  |  | 194 |  |  | 172 |  |  | 71 |  |  | 7 |  |  | 31 |  |  | 51 |  |  | 1,178 |  |  | 1,736 |  |  | 10 |  |  | 2,924 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 308 |  |  | — |  |  | 308 |
Selling, general and administrative expenses | 1 |  |  | 2 |  |  | 3 |  |  | 2 |  |  | 3 |  |  | 5 |  |  | 73 |  |  | 9 |  |  | — |  |  | — |  |  | 13 |  |  | 20 |  |  | 123 |  |  | 171 |  |  | 163 |  |  | 457 |
Mining exploration and research expenses | — |  |  | 6 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 87 |  |  | 93 |  |  | — |  |  | — |  |  | 93 |
Environmental obligations and shutdown costs | — |  |  | (5 | ) |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 105 |  |  | 100 |  |  | — |  |  | — |  |  | 100 |
Net gain on sales of assets | — |  |  | (14 | ) |  | (14 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (32 | ) |  | (46 | ) |  | — |  |  | — |  |  | (46 | )
Operating income (loss) | 496 |  |  | 833 |  |  | 1,329 |  |  | 486 |  |  | 524 |  |  | 1,010 |  |  | 385 |  |  | 436 |  |  | 155 |  |  | 15 |  |  | (5 | ) |  | (117 | ) |  | 3,208 |  |  | 359 |  |  | (171 | ) |  | 3,396 |
Interest expense, net | 2 |  |  | 1 |  |  | 3 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 55 |  |  | 69 |  |  | 201 |  |  | 213 |  |  | 483 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | 177 |  |  | 232 |  |  | 409 |  |  | 166 |  |  | 93 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 668 |  |  | — |  |  | 366 |  |  | 1,034 |
Capital expenditures | 691 |  |  | 124 |  |  | 815 |  |  | 1,207 |  |  | 71 |  |  | 1,278 |  |  | 722 |  |  | 100 |  |  | 45 |  |  | 3 |  |  | 9 |  |  | 38 |  |  | 3,010 |  |  | 2,392 |  | i | 13 |  |  | 5,415 |
a. | For the first nine months of 2014 Other South America Mines include the results of the Candelaria and Ojos del Salado mining operations, which were sold in November 2014.
b. | The first nine months of 2014 include the results from Eagle Ford, which was sold in June 2014.
c. | Includes PT-FI’s sales to PT Smelting totaling $704 million for the first nine months of 2015 and $1.5 billion for the first nine months of 2014.
d. | Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
e. | Includes net mark-to-market gains (losses) associated with crude oil and natural gas derivative contracts totaling $87 million for the first nine months 2015 and $(56) million for the first nine months of 2014.
f. | Includes net reductions for provisional pricing adjustments to prior period open sales. There were no intersegment sales from El Abra for the first nine months of 2015.
g. | Includes charges totaling $144 million at North America copper mines for inventory adjustments, impairments and restructuring, $11 million at other South America mines for restructuring, $8 million at Molybdenum mines and $84 million at other mining & eliminations for inventory adjustments and restructuring, and $2 million for restructuring at corporate, other & eliminations.
h. | Primarily includes impairment charges for Morocco oil and gas properties.
i. | Excludes capital expenditures totaling $81 million for the first nine months of 2015 and $7 million for the first nine months of 2014 primarily related to the Morocco oil and gas properties, which are included in corporate, other & eliminations.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration