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PROPERTY, PLANT, EQUIPMENT AND MINING DEVELOPMENT COSTS, NET | 12 Months Ended
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Dec. 31, 2019
Property, Plant and Equipment, Net [Abstract] |
Property, Plant, Equipment and Mining Development Costs, Net | PROPERTY, PLANT, EQUIPMENT AND MINE DEVELOPMENT COSTS, NET The components of net property, plant, equipment and mine development costs follow:
| December 31,
| 2019 |  | 2018
Proven and probable mineral reserves | $ | 7,087 |  |  | $ | 7,089 |
VBPP | 465 |  |  | 477 |
Mine development and other | 8,180 |  |  | 8,195 |
Buildings and infrastructure | 8,435 |  |  | 8,051 |
Machinery and equipment | 13,312 |  |  | 12,985 |
Mobile equipment | 4,320 |  |  | 4,010 |
Construction in progress | 4,265 |  |  | 3,006 |
Oil and gas properties | 27,293 |  |  | 27,292 |
Total | 73,357 |  |  | 71,105 |
Accumulated depreciation, depletion, and amortization a | (43,773 | ) |  | (43,095 | )
Property, plant, equipment and mine development costs, net | $ | 29,584 |  |  | $ | 28,010 |
a. | Includes accumulated amortization for oil and gas properties of $27.3 billion at December 31, 2019 and 2018.
FCX recorded $1.7 billion for VBPP in connection with the FMC acquisition in 2007 (excluding $544 million associated with mining operations that were subsequently sold) and transferred $811 million to proven and probable mineral reserves through 2019 (none in 2019 and $59 million in 2018). Cumulative impairments of and adjustments to VBPP total $497 million, which were primarily recorded in 2008. Capitalized interest, which primarily related to FCX’s mining operations’ capital projects, totaled $149 million in 2019, $96 million in 2018 and $121 million in 2017. During 2018 and 2019, FCX concluded there were no events or changes in circumstances that would indicate that the carrying amount of its long-lived mining assets might not be recoverable.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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- References No definition available. + Details
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