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OTHER ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Other Assets [Abstract] |
Schedule of Other Assets | The components of other assets follow:
| December 31,
| 2022 |  | 2021
Intangible assets a | $ | 416 |  |  | $ | 412 |
Legally restricted funds b | 182 |  |  | 209 |
Disputed tax assessments:c |  |  |
Cerro Verde | 333 |  |  | 237 |
PT-FI | 12 |  |  | 57 |
Long-term receivable for taxes d | 54 |  |  | 84 |
Investments: |  |  |
Assurance bond e | 133 |  |  | 132 |
Fixed income, equity securities and other | 79 |  |  | 74 |
PT Smelting f | 50 |  |  | 26 |
Contingent consideration associated with sales of assets g | 47 |  |  | 70 |
Loans to PT Smelting for expansion h | 101 |  |  | 36 |
Long-term employee receivables | 24 |  |  | 20 |
Prepaid rent and deposits | 26 |  |  | 2 |
Other | 144 |  |  | 101 |
Total other assets | $ | 1,601 |  |  | $ | 1,460 |
a.Indefinite-lived intangible assets totaled $214 million at December 31, 2022, and $215 million at December 31, 2021. Accumulated amortization for definite-lived intangible assets totaled $39 million at December 31, 2022, and $35 million at December 31, 2021. b.Includes $181 million at December 31, 2022, and $208 million at December 31, 2021, held in trusts for AROs related to properties in New Mexico (refer to Note 12 for further discussion). c.Refer to Note 12 for further discussion. d.Includes tax overpayments and refunds not expected to be realized within the next 12 months. e.Relates to PT-FI’s commitment for the development of a greenfield smelter in Indonesia (refer to Note 13 for further discussion). f.PT-FI’s ownership in PT Smelting is recorded using the equity method. Amounts were reduced by unrecognized profits on sales from PT-FI to PT Smelting totaling $112 million at December 31, 2022, and $126 million at December 31, 2021. Trade accounts receivable from PT Smelting totaled $277 million at December 31, 2022, and $411 million at December 31, 2021. g.Refer to Note 15 for further discussion. h.Refer to Note 3 for further discussion.

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- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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