XML 20 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenues $ 6,083 $ 3,851 $ 16,681 $ 9,703
Cost of sales:        
Production and delivery 3,009 2,465 8,862 7,404
Depreciation, depletion and amortization 528 394 1,430 1,093
Metals inventory adjustments 14 9 15 92
Total cost of sales 3,551 2,868 10,307 8,589
Selling, general and administrative expenses 102 72 289 273
Mining exploration and research expenses 15 8 36 42
Environmental obligations and shutdown costs 13 21 51 58
Net (gain) loss on sales of assets (60) 2 (63) 13
Total costs and expenses 3,621 2,971 10,620 8,975
Operating income 2,462 880 6,061 728
Interest expense, net (138) (120) (431) (362)
Net loss on early extinguishment of debt 0 (59) 0 (100)
Other income, net 36 22 56 62
Income before income taxes and equity in affiliated companies’ net (losses) earnings 2,360 723 5,686 328
Provision for income taxes (628) (297) (1,674) (333)
Equity in affiliated companies’ net (losses) earnings (9) 6 (5) 12
Net income (loss) from continuing operations 1,723 432 4,007 7
Net income 1,723 432 4,007 7
Net income (loss) attributable to noncontrolling interests 324 103 807 116
Net income (loss) attributable to common stockholders $ 1,399 $ 329 $ 3,200 $ (109)
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings per share, basic (in dollars per share) $ 0.95 $ 0.22 $ 2.18 $ (0.08)
Earnings Per Share, Diluted $ 0.94 $ 0.22 $ 2.16 $ (0.08)
Basic weighted-average shares of common stock outstanding 1,469 1,453 1,466 1,453
Diluted weighted-average shares of common shares outstanding 1,484 1,461 1,481 1,453
Dividends declared per share of common stock (in dollars per share) $ 0.075 $ 0 $ 0.225 $ 0