2015 Q4 Form 10-K Financial Statement

#000083125916000062 Filed on February 26, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $3.516B $3.382B $3.938B
YoY Change -27.79% -36.39% -23.33%
Cost Of Revenue $3.733B $7.161B $6.170B
YoY Change 30.25% 62.57% 50.67%
Gross Profit -$217.0M -$3.779B -$2.232B
YoY Change -123.28% -514.36% -314.41%
Gross Profit Margin -6.17% -111.74% -56.68%
Selling, General & Admin $137.0M $122.0M $148.0M
YoY Change -51.42% -22.78% -9.76%
% of Gross Profit
Research & Development $24.00M $26.00M $30.00M
YoY Change 84.62% -10.34% -11.76%
% of Gross Profit
Depreciation & Amortization $780.0M $888.0M $890.0M
YoY Change -16.93% -6.03% -12.14%
% of Gross Profit
Operating Expenses $178.0M $122.0M $148.0M
YoY Change -42.58% -22.78% -9.76%
Operating Profit -$4.097B -$3.964B -$2.421B
YoY Change 20.71% -483.74% -332.34%
Interest Expense -$179.0M -$157.0M -$142.0M
YoY Change 45.53% -0.63% -13.41%
% of Operating Profit
Other Income/Expense, Net -$1.000M -$41.00M $36.00M
YoY Change -94.12% -278.26% -550.0%
Pretax Income -$4.277B -$4.162B -$2.527B
YoY Change 11.85% -494.5% -356.29%
Income Tax -$189.0M -$349.0M -$699.0M
% Of Pretax Income
Net Earnings -$4.094B -$3.790B -$1.799B
YoY Change 49.69% -638.35% -372.58%
Net Earnings / Revenue -116.44% -112.06% -45.68%
Basic Earnings Per Share -$3.47 -$3.58 -$1.78
Diluted Earnings Per Share -$3.47 -$3.58 -$1.78
COMMON SHARES
Basic Shares Outstanding 1.156B shares 1.071B shares 1.040B shares
Diluted Shares Outstanding 1.071B shares 1.040B shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.0M $338.0M $466.0M
YoY Change -61.85% -48.63% -68.04%
Cash & Equivalents $177.0M $233.0M $318.0M
Short-Term Investments
Other Short-Term Assets $161.0M $570.0M $528.0M
YoY Change -73.86% -1.21% -20.96%
Inventory $4.075B $5.345B $5.431B
Prepaid Expenses
Receivables $645.0M $626.0M $949.0M
Other Receivables $152.0M $1.276B $1.323B
Total Short-Term Assets $7.462B $8.155B $8.697B
YoY Change -17.5% -9.7% -15.18%
LONG-TERM ASSETS
Property, Plant & Equipment $23.99B $27.36B $27.10B
YoY Change 4.62% 4.0% 6.64%
Goodwill
YoY Change
Intangibles $316.0M
YoY Change -5.39%
Long-Term Investments $327.0M
YoY Change
Other Assets $1.987B $1.977B $1.978B
YoY Change 14.13% -2.03% -13.51%
Total Long-Term Assets $39.12B $42.23B $45.31B
YoY Change -21.19% -23.0% -15.54%
TOTAL ASSETS
Total Short-Term Assets $7.462B $8.155B $8.697B
Total Long-Term Assets $39.12B $42.23B $45.31B
Total Assets $46.58B $50.38B $54.01B
YoY Change -20.62% -21.12% -15.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.251B $3.445B $3.376B
YoY Change -38.38% -8.96% -14.53%
Accrued Expenses $703.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $649.0M $906.0M $791.0M
YoY Change 35.77% -48.58% -71.59%
Total Short-Term Liabilities $4.307B $4.827B $4.739B
YoY Change -16.72% -23.9% -37.3%
LONG-TERM LIABILITIES
Long-Term Debt $19.68B $19.79B $20.11B
YoY Change 7.1% 10.11% 14.84%
Other Long-Term Liabilities $1.641B $1.727B $1.760B
YoY Change -11.11% -0.17% -1.23%
Total Long-Term Liabilities $21.32B $21.52B $21.87B
YoY Change 5.44% 9.21% 13.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.307B $4.827B $4.739B
Total Long-Term Liabilities $21.32B $21.52B $21.87B
Total Liabilities $33.77B $34.42B $35.20B
YoY Change -4.74% -7.63% -6.39%
SHAREHOLDERS EQUITY
Retained Earnings -$12.39B -$8.305B -$4.417B
YoY Change -9777.34% -351.21% -243.36%
Common Stock $137.0M $127.0M $117.0M
YoY Change 17.09% 8.55% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.702B $3.702B $3.702B
YoY Change 0.19% 0.43% 0.43%
Treasury Stock Shares 128.0M shares
Shareholders Equity $7.828B $10.95B $13.81B
YoY Change
Total Liabilities & Shareholders Equity $46.58B $50.38B $54.01B
YoY Change -20.62% -21.25% -15.62%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income -$4.094B -$3.790B -$1.799B
YoY Change 49.69% -638.35% -372.58%
Depreciation, Depletion And Amortization $780.0M $888.0M $890.0M
YoY Change -16.93% -6.03% -12.14%
Cash From Operating Activities $612.0M $822.0M $1.069B
YoY Change -45.26% -57.32% -22.87%
INVESTING ACTIVITIES
Capital Expenditures -$1.298B -$1.699B -$1.489B
YoY Change -27.89% -8.31% -23.64%
Acquisitions
YoY Change
Other Investing Activities -$7.000M $150.0M -$163.0M
YoY Change -100.43% 200.0% -109.51%
Cash From Investing Activities -$1.305B -$1.549B -$1.652B
YoY Change 731.21% -14.09% 600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 579.0M 599.0M 500.0M
YoY Change -150.13% -164.9% -148.36%
NET CHANGE
Cash From Operating Activities 612.0M 822.0M 1.069B
Cash From Investing Activities -1.305B -1.549B -1.652B
Cash From Financing Activities 579.0M 599.0M 500.0M
Net Change In Cash -114.0M -128.0M -83.00M
YoY Change -41.24% -84.0% -171.55%
FREE CASH FLOW
Cash From Operating Activities $612.0M $822.0M $1.069B
Capital Expenditures -$1.298B -$1.699B -$1.489B
Free Cash Flow $1.910B $2.521B $2.558B
YoY Change -34.54% -33.29% -23.32%

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CY2014Q4 fcx Income Tax Expense Benefit Associatedwith Changesin Foreign Tax Ratesand Certain Tax Elections
IncomeTaxExpenseBenefitAssociatedwithChangesinForeignTaxRatesandCertainTaxElections
-17000000 USD
CY2014 fcx Income Tax Expense Benefit Associatedwith Changesin Foreign Tax Ratesand Certain Tax Elections
IncomeTaxExpenseBenefitAssociatedwithChangesinForeignTaxRatesandCertainTaxElections
37000000 USD
CY2013 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
190000000 USD
CY2014Q2 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
57000000 USD
CY2014Q3 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
5000000 USD
CY2014Q4 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
22000000 USD
CY2014 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
84000000 USD
CY2015Q1 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
458000000 USD
CY2015Q2 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
305000000 USD
CY2015Q3 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
1100000000 USD
CY2015Q4 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
1400000000 USD
CY2015 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowances
3300000000 USD
CY2014Q2 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
0.06
CY2014Q4 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
0.02
CY2014 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
0.08
CY2015Q1 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
0.44
CY2015Q2 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
0.29
CY2015Q3 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
1.07
CY2015Q4 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
1.21
CY2015 fcx Income Tax Expense Benefit Changesin Deferred Tax Liabilitiesand Deferred Tax Asset Valuation Allowances Amount Per Share
IncomeTaxExpenseBenefitChangesinDeferredTaxLiabilitiesandDeferredTaxAssetValuationAllowancesAmountPerShare
3.09
CY2013 fcx Income Tax Expense Benefit Continuing Operations Adjustmentof Deferred Tax Asset Liability Environmental Matters
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentofDeferredTaxAssetLiabilityEnvironmentalMatters
-76000000 USD
CY2013 fcx Increase Decrease In Long Term Mill And Leach Stockpiles
IncreaseDecreaseInLongTermMillAndLeachStockpiles
431000000 USD
CY2014 fcx Increase Decrease In Long Term Mill And Leach Stockpiles
IncreaseDecreaseInLongTermMillAndLeachStockpiles
233000000 USD
CY2015 fcx Increase Decrease In Long Term Mill And Leach Stockpiles
IncreaseDecreaseInLongTermMillAndLeachStockpiles
212000000 USD
CY2013 fcx Indonesia Capital Expenditures
IndonesiaCapitalExpenditures
1030000000 USD
CY2014 fcx Indonesia Capital Expenditures
IndonesiaCapitalExpenditures
948000000 USD
CY2015 fcx Indonesia Capital Expenditures
IndonesiaCapitalExpenditures
913000000 USD
CY2015Q2 fcx Insurance Recoveries Amountper Share
InsuranceRecoveriesAmountperShare
0.09
CY2015 fcx Insurance Recoveries Amountper Share
InsuranceRecoveriesAmountperShare
0.09
CY2013 fcx Interest Expense Including Accretion
InterestExpenseIncludingAccretion
518000000 USD
CY2014 fcx Interest Expense Including Accretion
InterestExpenseIncludingAccretion
630000000 USD
CY2015 fcx Interest Expense Including Accretion
InterestExpenseIncludingAccretion
645000000 USD
CY2015Q2 fcx Inventory Writedown Amount Per Share
InventoryWritedownAmountPerShare
0.04
CY2015Q3 fcx Inventory Writedown Amount Per Share
InventoryWritedownAmountPerShare
0.05
CY2015Q4 fcx Inventory Writedown Amount Per Share
InventoryWritedownAmountPerShare
0.10
CY2015 fcx Inventory Writedown Amount Per Share
InventoryWritedownAmountPerShare
0.20
CY2015Q1 fcx Inventory Writedown Effecton Net Income
InventoryWritedownEffectonNetIncome
3000000 USD
CY2015Q2 fcx Inventory Writedown Effecton Net Income
InventoryWritedownEffectonNetIncome
38000000 USD
CY2015Q3 fcx Inventory Writedown Effecton Net Income
InventoryWritedownEffectonNetIncome
58000000 USD
CY2015Q4 fcx Inventory Writedown Effecton Net Income
InventoryWritedownEffectonNetIncome
118000000 USD
CY2015 fcx Inventory Writedown Effecton Net Income
InventoryWritedownEffectonNetIncome
217000000 USD
CY2014Q4 fcx Investmentsin Subsidiaries
InvestmentsinSubsidiaries
0 USD
CY2015Q4 fcx Investmentsin Subsidiaries
InvestmentsinSubsidiaries
0 USD
CY2015Q4 fcx Long Term Average Price For Cobalt Used To Estimate Recoverable Reserves
LongTermAveragePriceForCobaltUsedToEstimateRecoverableReserves
10
CY2015Q4 fcx Long Term Average Price For Copper Used To Estimate Recoverable Reserves
LongTermAveragePriceForCopperUsedToEstimateRecoverableReserves
2.00
CY2015Q4 fcx Long Term Average Price For Gold Used To Estimate Recoverable Reserves
LongTermAveragePriceForGoldUsedToEstimateRecoverableReserves
1000
CY2015Q4 fcx Long Term Average Price For Molybdenum Used To Estimate Recoverable Reserves
LongTermAveragePriceForMolybdenumUsedToEstimateRecoverableReserves
10
CY2015Q4 fcx Long Term Average Price For Silver Used To Estimate Recoverable Reserves
LongTermAveragePriceForSilverUsedToEstimateRecoverableReserves
15
CY2014Q4 fcx Long Term Mill And Leach Stockpiles
LongTermMillAndLeachStockpiles
2179000000 USD
CY2015Q4 fcx Long Term Mill And Leach Stockpiles
LongTermMillAndLeachStockpiles
2271000000 USD
CY2015 fcx Majorityof Costs Not Subjectto Amortizationtobe Transferred Period
MajorityofCostsNotSubjecttoAmortizationtobeTransferredPeriod
P5Y
CY2014Q4 fcx Mill And Leach Stockpiles
MillAndLeachStockpiles
1914000000 USD
CY2015Q4 fcx Mill And Leach Stockpiles
MillAndLeachStockpiles
1724000000 USD
CY2015Q4 fcx Minimum Number Of Active Remediation Projects In United States
MinimumNumberOfActiveRemediationProjectsInUnitedStates
100
CY2015Q4 fcx Minimum Ownership Percentage Of Subsidiary For Consolidation
MinimumOwnershipPercentageOfSubsidiaryForConsolidation
0.50
CY2013 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
783000000 USD
CY2014Q1 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
116000000 USD
CY2014Q2 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
178000000 USD
CY2014Q3 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
152000000 USD
CY2014Q4 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
117000000 USD
CY2014 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
563000000 USD
CY2015Q1 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
68000000 USD
CY2015Q2 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
52000000 USD
CY2015Q3 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
40000000 USD
CY2015Q4 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
-13000000 USD
CY2015 fcx Net Income Loss Attributableto Noncontrolling Interestsand Preferred Dividends
NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
147000000 USD
CY2013 fcx Net Proceeds Payments From Share Based Awards
NetProceedsPaymentsFromShareBasedAwards
-98000000 USD
CY2014 fcx Net Proceeds Payments From Share Based Awards
NetProceedsPaymentsFromShareBasedAwards
9000000 USD
CY2015 fcx Net Proceeds Payments From Share Based Awards
NetProceedsPaymentsFromShareBasedAwards
-4000000 USD
CY2015Q4 fcx Net Undeveloped Acreage Coveredby Expiring Leases Percentage
NetUndevelopedAcreageCoveredbyExpiringLeasesPercentage
0.24
CY2013 fcx North America Capital Expenditures
NorthAmericaCapitalExpenditures
1066000000 USD
CY2014 fcx North America Capital Expenditures
NorthAmericaCapitalExpenditures
969000000 USD
CY2015 fcx North America Capital Expenditures
NorthAmericaCapitalExpenditures
355000000 USD
CY2013 fcx North America Oiland Gas Capital Expenditures
NorthAmericaOilandGasCapitalExpenditures
1436000000 USD
CY2014 fcx North America Oiland Gas Capital Expenditures
NorthAmericaOilandGasCapitalExpenditures
3205000000 USD
CY2015 fcx North America Oiland Gas Capital Expenditures
NorthAmericaOilandGasCapitalExpenditures
2948000000 USD
CY2014Q4 fcx Oiland Gas Property Full Cost Method Accumulated Depreciation Depletion Amortizationand Impairment
OilandGasPropertyFullCostMethodAccumulatedDepreciationDepletionAmortizationandImpairment
7360000000 USD
CY2015Q4 fcx Oiland Gas Property Full Cost Method Accumulated Depreciation Depletion Amortizationand Impairment
OilandGasPropertyFullCostMethodAccumulatedDepreciationDepletionAmortizationandImpairment
22276000000 USD
fcx Oiland Gas Reserves Acquiredin Business Combination
OilandGasReservesAcquiredinBusinessCombination
14467000000 USD
CY2014 fcx Oiland Gas Reserves Acquiredin Business Combination
OilandGasReservesAcquiredinBusinessCombination
0 USD
CY2015 fcx Oiland Gas Reserves Acquiredin Business Combination
OilandGasReservesAcquiredinBusinessCombination
0 USD
CY2014Q4 fcx Oiland Natural Gas Properties Full Cost Method Not Subjectto Amortization
OilandNaturalGasPropertiesFullCostMethodNotSubjecttoAmortization
10087000000 USD
CY2015Q4 fcx Oiland Natural Gas Properties Full Cost Method Not Subjectto Amortization
OilandNaturalGasPropertiesFullCostMethodNotSubjecttoAmortization
4831000000 USD
CY2014Q4 fcx Oiland Natural Gas Properties Full Cost Method Subjectto Amortization
OilandNaturalGasPropertiesFullCostMethodSubjecttoAmortization
9187000000 USD
CY2015Q4 fcx Oiland Natural Gas Properties Full Cost Method Subjectto Amortization
OilandNaturalGasPropertiesFullCostMethodSubjecttoAmortization
2262000000 USD
CY2013 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Before Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentBeforeReclassificationAdjustments
66000000 USD
CY2014 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Before Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentBeforeReclassificationAdjustments
-163000000 USD
CY2015 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Before Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentBeforeReclassificationAdjustments
3000000 USD
CY2013 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentReclassificationAdjustments
35000000 USD
CY2014 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentReclassificationAdjustments
24000000 USD
CY2015 fcx Other Comprehensive Income Loss Net Of Tax Amount Attributable To Parent Reclassification Adjustments
OtherComprehensiveIncomeLossNetOfTaxAmountAttributableToParentReclassificationAdjustments
38000000 USD
CY2013 fcx Other Comprehensive Income Loss Pension And Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossPensionAndPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTaxPortionAttributableToParent
67000000 USD
CY2014 fcx Other Comprehensive Income Loss Pension And Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossPensionAndPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTaxPortionAttributableToParent
-162000000 USD
CY2015 fcx Other Comprehensive Income Loss Pension And Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossPensionAndPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTaxPortionAttributableToParent
3000000 USD
CY2013 fcx Other Comprehensive Income Loss Unrealized Holding Gain Losson Securities Arising During Periodand Foreign Currency Translation Adjustment Netof Tax Portion Attributableto Parent
OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent
4000000 USD
CY2014 fcx Other Comprehensive Income Loss Unrealized Holding Gain Losson Securities Arising During Periodand Foreign Currency Translation Adjustment Netof Tax Portion Attributableto Parent
OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent
-1000000 USD
CY2015 fcx Other Comprehensive Income Loss Unrealized Holding Gain Losson Securities Arising During Periodand Foreign Currency Translation Adjustment Netof Tax Portion Attributableto Parent
OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent
0 USD
CY2015Q4 fcx Other Surety Bonds
OtherSuretyBonds
38000000 USD
CY2015Q4 fcx Outstanding Standby Letters Of Credit
OutstandingStandbyLettersOfCredit
300000000 USD
CY2013 fcx Outstanding Stock Options With Exercise Prices Greater Than Average Market Price Of Common Stock
OutstandingStockOptionsWithExercisePricesGreaterThanAverageMarketPriceOfCommonStock
30000000 shares
CY2014 fcx Outstanding Stock Options With Exercise Prices Greater Than Average Market Price Of Common Stock
OutstandingStockOptionsWithExercisePricesGreaterThanAverageMarketPriceOfCommonStock
31000000 shares
CY2015 fcx Outstanding Stock Options With Exercise Prices Greater Than Average Market Price Of Common Stock
OutstandingStockOptionsWithExercisePricesGreaterThanAverageMarketPriceOfCommonStock
45000000 shares
CY2015Q4 fcx Outstanding Surety Bonds Total
OutstandingSuretyBondsTotal
276000000 USD
CY2014Q4 fcx Paid To Brokers Associated With Margin Requirements
PaidToBrokersAssociatedWithMarginRequirements
10000000 USD
CY2015Q4 fcx Paid To Brokers Associated With Margin Requirements
PaidToBrokersAssociatedWithMarginRequirements
10000000 USD
CY2013 fcx Payments Of Reclamation And Environmental Obligations
PaymentsOfReclamationAndEnvironmentalObligations
237000000 USD
CY2014 fcx Payments Of Reclamation And Environmental Obligations
PaymentsOfReclamationAndEnvironmentalObligations
176000000 USD
CY2015 fcx Payments Of Reclamation And Environmental Obligations
PaymentsOfReclamationAndEnvironmentalObligations
198000000 USD
CY2013 fcx Paymentsfor Proceedsfrom Other Investing Activities Excluding Investmentin Subsidiaries
PaymentsforProceedsfromOtherInvestingActivitiesExcludingInvestmentinSubsidiaries
181000000 USD
CY2014 fcx Paymentsfor Proceedsfrom Other Investing Activities Excluding Investmentin Subsidiaries
PaymentsforProceedsfromOtherInvestingActivitiesExcludingInvestmentinSubsidiaries
-221000000 USD
CY2015 fcx Paymentsfor Proceedsfrom Other Investing Activities Excluding Investmentin Subsidiaries
PaymentsforProceedsfromOtherInvestingActivitiesExcludingInvestmentinSubsidiaries
-109000000 USD
CY2013 fcx Paymentsfor Repaymentsof Debtand Capital Lease Obligationsandfor Repurchasesof Preferred Stock
PaymentsforRepaymentsofDebtandCapitalLeaseObligationsandforRepurchasesofPreferredStock
-5704000000 USD
CY2014 fcx Paymentsfor Repaymentsof Debtand Capital Lease Obligationsandfor Repurchasesof Preferred Stock
PaymentsforRepaymentsofDebtandCapitalLeaseObligationsandforRepurchasesofPreferredStock
10306000000 USD
CY2015 fcx Paymentsfor Repaymentsof Debtand Capital Lease Obligationsandfor Repurchasesof Preferred Stock
PaymentsforRepaymentsofDebtandCapitalLeaseObligationsandforRepurchasesofPreferredStock
6677000000 USD
CY2013 fcx Paymentsto Acquire Businesses Netof Cash Acquired1
PaymentstoAcquireBusinessesNetofCashAcquired1
1628000000 USD
CY2014 fcx Paymentsto Acquire Businesses Netof Cash Acquired1
PaymentstoAcquireBusinessesNetofCashAcquired1
0 USD
CY2015 fcx Paymentsto Acquire Businesses Netof Cash Acquired1
PaymentstoAcquireBusinessesNetofCashAcquired1
0 USD
CY2013 fcx Paymentsto Acquire Businesses Netof Cash Acquired2
PaymentstoAcquireBusinessesNetofCashAcquired2
3465000000 USD
CY2014 fcx Paymentsto Acquire Businesses Netof Cash Acquired2
PaymentstoAcquireBusinessesNetofCashAcquired2
0 USD
CY2015 fcx Paymentsto Acquire Businesses Netof Cash Acquired2
PaymentstoAcquireBusinessesNetofCashAcquired2
0 USD
CY2013 fcx Paymentsto Acquire Businesses Netof Cash Acquired3
PaymentstoAcquireBusinessesNetofCashAcquired3
348000000 USD
CY2014 fcx Paymentsto Acquire Businesses Netof Cash Acquired3
PaymentstoAcquireBusinessesNetofCashAcquired3
0 USD
CY2015 fcx Paymentsto Acquire Businesses Netof Cash Acquired3
PaymentstoAcquireBusinessesNetofCashAcquired3
0 USD
CY2014Q4 fcx Percentage Of Employees Covered By Collective Bargaining Agreements
PercentageOfEmployeesCoveredByCollectiveBargainingAgreements
0.48
CY2014Q4 fcx Percentage Of Employees Covered By Collective Bargaining Agreements That Expire Within One Year
PercentageOfEmployeesCoveredByCollectiveBargainingAgreementsThatExpireWithinOneYear
0.04
CY2015Q4 fcx Portion Of Surety Bonds Related To Reclamation And Closing Costs
PortionOfSuretyBondsRelatedToReclamationAndClosingCosts
217000000 USD
CY2015Q4 fcx Portion Of Surety Bonds Related To Workers Compensation Self Insurance
PortionOfSuretyBondsRelatedToWorkersCompensationSelfInsurance
21000000 USD
CY2013 fcx Proceeds From Payments For Long Term Loansfor Related Parties Investing Activity
ProceedsFromPaymentsForLongTermLoansforRelatedPartiesInvestingActivity
0 USD
CY2014 fcx Proceeds From Payments For Long Term Loansfor Related Parties Investing Activity
ProceedsFromPaymentsForLongTermLoansforRelatedPartiesInvestingActivity
0 USD
CY2015 fcx Proceeds From Payments For Long Term Loansfor Related Parties Investing Activity
ProceedsFromPaymentsForLongTermLoansforRelatedPartiesInvestingActivity
0 USD
CY2014Q4 fcx Product
Product
1561000000 USD
CY2015Q4 fcx Product
Product
1195000000 USD
CY2013 fcx Production And Delivery
ProductionAndDelivery
11837000000 USD
CY2014 fcx Production And Delivery
ProductionAndDelivery
11898000000 USD
CY2015 fcx Production And Delivery
ProductionAndDelivery
11545000000 USD
CY2013Q4 fcx Proved Developed Reserves Barrelof Oil Equivalents
ProvedDevelopedReservesBarrelofOilEquivalents
307000000 Boe
CY2014Q4 fcx Proved Developed Reserves Barrelof Oil Equivalents
ProvedDevelopedReservesBarrelofOilEquivalents
246000000 Boe
CY2015Q4 fcx Proved Developed Reserves Barrelof Oil Equivalents
ProvedDevelopedReservesBarrelofOilEquivalents
169000000 Boe
fcx Proved Developedand Undeveloped Reserves Acquisitions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesAcquisitionsBarrelofOilEquivalents
472000000 Boe
CY2014 fcx Proved Developedand Undeveloped Reserves Acquisitions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesAcquisitionsBarrelofOilEquivalents
16000000 Boe
CY2015 fcx Proved Developedand Undeveloped Reserves Acquisitions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesAcquisitionsBarrelofOilEquivalents
0 Boe
fcx Proved Developedand Undeveloped Reserves Extensions Discoveriesand Additions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesExtensionsDiscoveriesandAdditionsBarrelofOilEquivalents
24000000 Boe
CY2014 fcx Proved Developedand Undeveloped Reserves Extensions Discoveriesand Additions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesExtensionsDiscoveriesandAdditionsBarrelofOilEquivalents
16000000 Boe
CY2015 fcx Proved Developedand Undeveloped Reserves Extensions Discoveriesand Additions Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesExtensionsDiscoveriesandAdditionsBarrelofOilEquivalents
17000000 Boe
CY2012Q4 fcx Proved Developedand Undeveloped Reserves Net Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesNetBarrelofOilEquivalents
0 Boe
CY2013Q4 fcx Proved Developedand Undeveloped Reserves Net Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesNetBarrelofOilEquivalents
464000000 Boe
CY2014Q4 fcx Proved Developedand Undeveloped Reserves Net Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesNetBarrelofOilEquivalents
390000000 Boe
CY2015Q4 fcx Proved Developedand Undeveloped Reserves Net Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesNetBarrelofOilEquivalents
252000000 Boe
fcx Proved Developedand Undeveloped Reserves Production Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesProductionBarrelofOilEquivalents
38000000 Boe
CY2014 fcx Proved Developedand Undeveloped Reserves Production Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesProductionBarrelofOilEquivalents
57000000 Boe
CY2015 fcx Proved Developedand Undeveloped Reserves Production Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesProductionBarrelofOilEquivalents
53000000 Boe
fcx Proved Developedand Undeveloped Reserves Revisionsof Previous Estimates Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesRevisionsofPreviousEstimatesBarrelofOilEquivalents
7000000 Boe
CY2014 fcx Proved Developedand Undeveloped Reserves Revisionsof Previous Estimates Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesRevisionsofPreviousEstimatesBarrelofOilEquivalents
13000000 Boe
CY2015 fcx Proved Developedand Undeveloped Reserves Revisionsof Previous Estimates Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesRevisionsofPreviousEstimatesBarrelofOilEquivalents
-102000000 Boe
fcx Proved Developedand Undeveloped Reserves Salesof Mineralsin Place Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesSalesofMineralsinPlaceBarrelofOilEquivalents
1000000 Boe
CY2014 fcx Proved Developedand Undeveloped Reserves Salesof Mineralsin Place Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesSalesofMineralsinPlaceBarrelofOilEquivalents
62000000 Boe
CY2015 fcx Proved Developedand Undeveloped Reserves Salesof Mineralsin Place Barrelof Oil Equivalents
ProvedDevelopedandUndevelopedReservesSalesofMineralsinPlaceBarrelofOilEquivalents
0 Boe
CY2013Q4 fcx Proved Undeveloped Reserves Barrelof Oil Equivalents
ProvedUndevelopedReservesBarrelofOilEquivalents
157000000 Boe
CY2014Q4 fcx Proved Undeveloped Reserves Barrelof Oil Equivalents
ProvedUndevelopedReservesBarrelofOilEquivalents
144000000 Boe
CY2015Q4 fcx Proved Undeveloped Reserves Barrelof Oil Equivalents
ProvedUndevelopedReservesBarrelofOilEquivalents
83000000 Boe
CY2014Q4 fcx Reclamation And Environmental Obligations Less Current Portion
ReclamationAndEnvironmentalObligationsLessCurrentPortion
3647000000 USD
CY2015Q4 fcx Reclamation And Environmental Obligations Less Current Portion
ReclamationAndEnvironmentalObligationsLessCurrentPortion
3739000000 USD
CY2015Q4 fcx Recorded Environmental Obligation For Most Significant Locations
RecordedEnvironmentalObligationForMostSignificantLocations
1000000000 USD
CY2015Q3 fcx Restructuring Costsand Asset Impairment Charges Amountper Share
RestructuringCostsandAssetImpairmentChargesAmountperShare
0.05
CY2015Q4 fcx Restructuring Costsand Asset Impairment Charges Amountper Share
RestructuringCostsandAssetImpairmentChargesAmountperShare
0.03
CY2015 fcx Restructuring Costsand Asset Impairment Charges Amountper Share
RestructuringCostsandAssetImpairmentChargesAmountperShare
0.09
CY2015Q3 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
58000000 USD
CY2015Q4 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
38000000 USD
CY2015 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
94000000 USD
CY2014Q4 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.03
CY2014 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.03
CY2015Q1 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.01
CY2015Q2 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.01
CY2015Q3 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.01
CY2015Q4 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.07
CY2015 fcx Resultsof Operations Expense Other Amountper Share
ResultsofOperationsExpenseOtherAmountperShare
0.11
CY2014Q4 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
29000000 USD
CY2014 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
29000000 USD
CY2015Q1 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
10000000 USD
CY2015Q2 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
14000000 USD
CY2015Q3 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
13000000 USD
CY2015Q4 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
81000000 USD
CY2015 fcx Resultsof Operations Expense Other Netof Tax
ResultsofOperationsExpenseOtherNetofTax
117000000 USD
CY2013Q2 fcx Royalty Trust Units Fair Value Disclosure
RoyaltyTrustUnitsFairValueDisclosure
31000000 USD
CY2013 fcx Royalty Trust Units Issued Conversionof Debtor Equity Instrument
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17700000
CY2013 fcx South American Capital Expenditures
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1145000000 USD
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SouthAmericanCapitalExpenditures
1785000000 USD
CY2015 fcx South American Capital Expenditures
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1722000000 USD
CY2015 fcx Stock Appreciation Rights Outstanding And Included In Stock Options
StockAppreciationRightsOutstandingAndIncludedInStockOptions
1321029 shares
CY2013 fcx Stock Based Compensation Included In General And Administrative Expense
StockBasedCompensationIncludedInGeneralAndAdministrativeExpense
145000000 USD
CY2014 fcx Stock Based Compensation Included In General And Administrative Expense
StockBasedCompensationIncludedInGeneralAndAdministrativeExpense
79000000 USD
CY2015 fcx Stock Based Compensation Included In General And Administrative Expense
StockBasedCompensationIncludedInGeneralAndAdministrativeExpense
67000000 USD
CY2013 fcx Stock Based Compensation Included In Productionand Delivery Expense
StockBasedCompensationIncludedInProductionandDeliveryExpense
28000000 USD
CY2014 fcx Stock Based Compensation Included In Productionand Delivery Expense
StockBasedCompensationIncludedInProductionandDeliveryExpense
28000000 USD
CY2015 fcx Stock Based Compensation Included In Productionand Delivery Expense
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18000000 USD
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1.00
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0.1105
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CY2013 fcx Tender Of Shares For Stock Based Awards Value
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-105000000 USD
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-8000000 USD
CY2015 fcx Tender Of Shares For Stock Based Awards Value
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CY2015Q4 fcx Three Year Average London Spot Price For Copper
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2.97
CY2015Q4 fcx Three Year Average London Spot Price For Gold
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1276
CY2015Q4 fcx Three Year Average Price For Molybdenum
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9.45
CY2015 fcx Threshholdfor Determining Accounting Treatmentfor Oiland Gas Dispositions
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0.25
CY2013 fcx Transfer From Value Beyond Proven And Probable Reserves To Proven And Probable Reserves
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784000000 USD
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2000000 USD
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10000000 USD
CY2013 fcx Treatment And Refining Charges Included In Copper Concentrates Revenues
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400000000 USD
CY2014 fcx Treatment And Refining Charges Included In Copper Concentrates Revenues
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374000000 USD
CY2015 fcx Treatment And Refining Charges Included In Copper Concentrates Revenues
TreatmentAndRefiningChargesIncludedInCopperConcentratesRevenues
485000000 USD
CY2015Q4 fcx Unrecognized Tax Benefits That Would Impact Effective Tax Rate Net Of Tax Benefits
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101000000 USD
CY2015 fcx Years Of Service Required For Annuity To Equal Percentage Of Executive Highest Average Compensation For Three Year Period Or Five Years Before Retirement If Less
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P25Y
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3653000000 USD
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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3355000000 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
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953000000 USD
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689000000 USD
CY2013 us-gaap Accretion Expense
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79000000 USD
CY2014 us-gaap Accretion Expense
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77000000 USD
CY2015 us-gaap Accretion Expense
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78000000 USD
us-gaap Accretion Of Discount
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701000000 USD
CY2014 us-gaap Accretion Of Discount
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1195000000 USD
CY2015 us-gaap Accretion Of Discount
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797000000 USD
CY2012Q4 us-gaap Accrual For Environmental Loss Contingencies
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1222000000 USD
CY2013Q4 us-gaap Accrual For Environmental Loss Contingencies
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1167000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
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1174000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies
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1215000000 USD
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CY2014 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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-6000000 USD
CY2015 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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CY2013 us-gaap Accrual For Environmental Loss Contingencies Payments
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130000000 USD
CY2014 us-gaap Accrual For Environmental Loss Contingencies Payments
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80000000 USD
CY2015 us-gaap Accrual For Environmental Loss Contingencies Payments
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67000000 USD
CY2013 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
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73000000 USD
CY2014 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
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16000000 USD
CY2015 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
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33000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due After Fifth Year
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1800000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Fifth Year
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85000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Fourth Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueInFourthYear
92000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Second Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueInSecondYear
127000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Third Year
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104000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due Within One Year
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100000000 USD
CY2013Q4 us-gaap Accrued Environmental Loss Contingencies Current
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121000000 USD
CY2014Q4 us-gaap Accrued Environmental Loss Contingencies Current
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105000000 USD
CY2015Q4 us-gaap Accrued Environmental Loss Contingencies Current
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100000000 USD
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CY2014Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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CY2014Q4 us-gaap Accrued Income Taxes Current
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CY2015Q4 us-gaap Accrued Income Taxes Current
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CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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507000000 USD
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410000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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548000000 USD
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2014Q4 us-gaap Additional Paid In Capital
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CY2015Q4 us-gaap Additional Paid In Capital
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CY2014 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2015 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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98000000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
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CY2014 us-gaap Allocated Share Based Compensation Expense
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CY2015 us-gaap Allocated Share Based Compensation Expense
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65000000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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1000000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10000000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013Q4 us-gaap Asset Retirement Obligation
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CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2015Q4 us-gaap Asset Retirement Obligation
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AssetRetirementObligationAccretionExpense
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CY2015 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
131000000 USD
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107000000 USD
CY2014 us-gaap Asset Retirement Obligation Cash Paid To Settle
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99000000 USD
CY2015 us-gaap Asset Retirement Obligation Cash Paid To Settle
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133000000 USD
CY2013Q4 us-gaap Asset Retirement Obligation Current
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CY2014Q4 us-gaap Asset Retirement Obligation Current
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191000000 USD
CY2015Q4 us-gaap Asset Retirement Obligation Current
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172000000 USD
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CY2014 us-gaap Asset Retirement Obligation Foreign Currency Translation
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CY2015 us-gaap Asset Retirement Obligation Foreign Currency Translation
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45000000 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
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430000000 USD
CY2015 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2014Q4 us-gaap Assets
Assets
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CY2015Q4 us-gaap Assets Current
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3626000000 USD
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CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Marketable Securities
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0 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
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1061000000 USD
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CY2014 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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CY2015 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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CY2015Q4 us-gaap Capital Units Authorized
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1850000000 shares
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CY2015Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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22276000000 USD
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4831000000 USD
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13829000000 USD
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16547000000 USD
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24538000000 USD
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2262000000 USD
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CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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464000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2013 us-gaap Common Stock Dividends Per Share Declared
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2014Q4 us-gaap Common Stock Shares Issued
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106000000 USD
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3539000000 USD
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CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-12048000000 USD
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
14637000000 USD
CY2014 us-gaap Cost Of Goods Sold
CostOfGoodsSold
19504000000 USD
CY2015 us-gaap Cost Of Goods Sold
CostOfGoodsSold
28524000000 USD
CY2013 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
2797000000 USD
CY2014 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
3863000000 USD
CY2015 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
3497000000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
15570000000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
21341000000 USD
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
29259000000 USD
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
12205000000 USD
CY2014 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
463000000 USD
CY2015 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
11259000000 USD
CY2014 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
1460000000 USD
CY2015 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
61000000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
154000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5836000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6378000000 USD
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
854000000 USD
CY2014 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1270000000 USD
CY2015 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1442000000 USD
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
502000000 USD
CY2014 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
1482000000 USD
CY2015 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
1250000000 USD
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
24820000000 USD
CY2014 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
4675000000 USD
CY2015 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
2753000000 USD
CY2015Q4 us-gaap Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
45000000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-203000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-281000000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
89000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-1081000000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-1128000000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-195000000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1293000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1444000000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-104000000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-9000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-35000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000000 USD
CY2014Q4 us-gaap Debt Current
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478000000 USD
CY2015Q4 us-gaap Debt Current
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649000000 USD
CY2014Q4 us-gaap Debt Instrument Carrying Amount
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18849000000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
20428000000 USD
CY2015Q4 us-gaap Debt Of Subsidiary Not Assumed
DebtOfSubsidiaryNotAssumed
0 USD
us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
12000000 USD
CY2014 us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
1323000000 USD
CY2015 us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
0 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-234000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
606000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3403000000 USD
CY2014Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
121000000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-346000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-33000000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-144000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-545000000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
787000000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3413000000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
9715000000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6480000000 USD
CY2013 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
16000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
35000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
214000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3402000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2195000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
590000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
621000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
734000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
509000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
737000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
569000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2306000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
1552000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
422000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
521000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1047000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1184000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2434000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4183000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6313000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4285000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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6398000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4288000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
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185000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
58000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5331000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5567000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
807000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
855000000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
126000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-252000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
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CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2090000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2037000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1433000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1399000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
2221000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
2139000000 USD
CY2015 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
-22000000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
66000000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
79000000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
98000000 USD
CY2014Q4 us-gaap Derivative Assets
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330000000 USD
CY2015Q4 us-gaap Derivative Assets
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15000000 USD
CY2014Q4 us-gaap Derivative Liabilities
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99000000 USD
CY2015Q4 us-gaap Derivative Liabilities
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86000000 USD
CY2013 us-gaap Dividends Common Stock Cash
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2315000000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1306000000 USD
CY2015 us-gaap Dividends Common Stock Cash
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279000000 USD
CY2014Q4 us-gaap Dividends Payable Current
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335000000 USD
CY2015Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
8000000 USD
CY2014Q4 us-gaap Due From Joint Ventures Noncurrent
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50000000 USD
CY2015Q4 us-gaap Due From Joint Ventures Noncurrent
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49000000 USD
CY2013 us-gaap Earnings Per Share Basic
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2.65
CY2014Q1 us-gaap Earnings Per Share Basic
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0.49
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.75
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.38
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.78
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.58
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.47
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.31
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.75
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.38
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.78
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.58
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.47
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.31
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.30
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.76
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.14
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.04
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.05
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.32
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.00
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.05
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
0.62
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-1.42
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.00
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.05
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00
CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.07
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
-0.38
CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
-0.01
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.27
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.39
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.01
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
13000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
23000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
8000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
12000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
3000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Estimated Quantity Of Shares To Be Repurchased In Following Period
EmployeeServiceShareBasedCompensationEstimatedQuantityOfSharesToBeRepurchasedInFollowingPeriod
3294624 shares
CY2014 us-gaap Employee Service Share Based Compensation Estimated Quantity Of Shares To Be Repurchased In Following Period
EmployeeServiceShareBasedCompensationEstimatedQuantityOfSharesToBeRepurchasedInFollowingPeriod
474480 shares
CY2015 us-gaap Employee Service Share Based Compensation Estimated Quantity Of Shares To Be Repurchased In Following Period
EmployeeServiceShareBasedCompensationEstimatedQuantityOfSharesToBeRepurchasedInFollowingPeriod
349122 shares
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
8000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
16000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
11000000 USD
us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
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752000000 USD
CY2014 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
194000000 USD
CY2015 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
45000000 USD
CY2014Q2 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
4000000 USD
CY2014Q3 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
17000000 USD
CY2014Q4 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-18000000 USD
CY2014 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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3000000 USD
CY2014Q3 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
0.02
CY2014Q4 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
-0.02
CY2015 us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.10
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
2000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
2000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
5000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
6000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
1000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
1000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
90000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
93000000 USD
CY2015Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
97000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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61000000 USD
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CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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38901000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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29504000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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10536000000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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6480000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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6448000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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4130000000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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4935000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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2487000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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0 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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14712000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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9578000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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1638000000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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12774000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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4768000000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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5295000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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3157000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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246000000 USD
CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2014 us-gaap Gain Loss On Derivative Instruments Net Pretax
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504000000 USD
CY2015 us-gaap Gain Loss On Derivative Instruments Net Pretax
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87000000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
CY2014Q3 us-gaap Gain Loss On Disposition Of Assets1
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46000000 USD
CY2014Q4 us-gaap Gain Loss On Disposition Of Assets1
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671000000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
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717000000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
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39000000 USD
CY2013 us-gaap Gain Loss On Sale Of Oil And Gas Property
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77000000 USD
CY2015 us-gaap Gain Loss Related To Litigation Settlement
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92000000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
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CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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73000000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014Q2 us-gaap Goodwill
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CY2014Q4 us-gaap Goodwill Impairment Loss
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1700000000 USD
CY2014 us-gaap Goodwill Impairment Loss
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1717000000 USD
CY2014 us-gaap Goodwill Impairment Loss
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1717000000 USD
CY2015 us-gaap Goodwill Impairment Loss
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0 USD
CY2014Q4 us-gaap Goodwill Impairment Loss Net Of Tax
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1700000000 USD
CY2014 us-gaap Goodwill Impairment Loss Net Of Tax
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1700000000 USD
CY2013 us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2014Q3 us-gaap Impairment Of Oil And Gas Properties
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308000000 USD
CY2014Q4 us-gaap Impairment Of Oil And Gas Properties
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3400000000 USD
CY2014 us-gaap Impairment Of Oil And Gas Properties
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3737000000 USD
CY2015Q1 us-gaap Impairment Of Oil And Gas Properties
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3100000000 USD
CY2015Q2 us-gaap Impairment Of Oil And Gas Properties
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2700000000 USD
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3700000000 USD
CY2015Q4 us-gaap Impairment Of Oil And Gas Properties
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3700000000 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
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13144000000 USD
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3809000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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2573000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
596000000 USD
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4913000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013 us-gaap Income Loss From Equity Method Investments
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3000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
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3000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
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CY2013 us-gaap Income Tax Expense Benefit
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1475000000 USD
CY2014 us-gaap Income Tax Expense Benefit
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324000000 USD
CY2015 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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190000000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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223000000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
135000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
56000000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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149000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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4907000000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
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223000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
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263000000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
186000000 USD
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0 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
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IncomeTaxReconciliationOtherReconcilingItems
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CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
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20000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
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66000000 USD
CY2013 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2015 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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43000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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115000000 USD
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105000000 USD
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117000000 USD
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167000000 USD
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228000000 USD
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CY2014 us-gaap Income Taxes Paid
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CY2015 us-gaap Income Taxes Paid
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63000000 USD
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280000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2013 us-gaap Increase Decrease In Accrued Taxes Payable
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195000000 USD
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Estimated Future Development Costs
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1287000000 USD
us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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CY2014 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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1505000000 USD
CY2015 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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1721000000 USD
CY2013 us-gaap Increase Decrease In Inventories
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288000000 USD
CY2014 us-gaap Increase Decrease In Inventories
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249000000 USD
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373000000 USD
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CY2014 us-gaap Increase Decrease In Other Current Assets
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0 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
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7000000 USD
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18000000 USD
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72000000 USD
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CY2014 us-gaap Increase Decrease In Receivables
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CY2015 us-gaap Increase Decrease In Receivables
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us-gaap Increase Due To Purchases Of Minerals In Place
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CY2014 us-gaap Increase Due To Purchases Of Minerals In Place
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487000000 USD
CY2015 us-gaap Increase Due To Purchases Of Minerals In Place
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CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4000000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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92000000 USD
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92000000 USD
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317000000 USD
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397000000 USD
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637000000 USD
CY2015 us-gaap Interest Paid Net
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570000000 USD
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CY2015Q4 us-gaap Inventory Finished Goods
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867000000 USD
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288000000 USD
CY2015Q4 us-gaap Inventory Raw Materials
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220000000 USD
CY2014Q4 us-gaap Inventory Supplies Net Of Reserves
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1886000000 USD
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1869000000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
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20000000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
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29000000 USD
CY2014Q4 us-gaap Inventory Work In Process
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174000000 USD
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108000000 USD
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CY2014 us-gaap Inventory Write Down
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CY2015Q2 us-gaap Inventory Write Down
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CY2015Q3 us-gaap Inventory Write Down
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CY2015Q4 us-gaap Inventory Write Down
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184000000 USD
CY2015 us-gaap Inventory Write Down
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338000000 USD
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96000000 USD
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CY2015Q4 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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240000000 USD
CY2015 us-gaap Liabilities Fair Value Adjustment
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210000000 USD
CY2014Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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157000000 USD
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152000000 USD
CY2014Q4 us-gaap Litigation Reserve
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CY2015Q4 us-gaap Litigation Reserve
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CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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10200000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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649000000 USD
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1400000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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3400000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2014Q4 us-gaap Long Term Debt Noncurrent
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CY2014Q4 us-gaap Materials Supplies And Other
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CY2015Q4 us-gaap Materials Supplies And Other
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187000000 USD
CY2014Q4 us-gaap Minority Interest
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CY2015Q4 us-gaap Minority Interest
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CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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236000000 USD
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
396000000 USD
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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91000000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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2786000000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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6139000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5631000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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3220000000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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761000000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
523000000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
106000000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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2658000000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
510000000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
482000000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
552000000 USD
CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Results Of Operations Income Tax Expense
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us-gaap Results Of Operations Production Or Lifting Costs
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us-gaap Revisions Of Previous Quantity Estimates
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399000000 USD
CY2015 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-1170000000 USD
us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-2296000000 USD
CY2014 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-3062000000 USD
CY2015 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-928000000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
20921000000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4985000000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5522000000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
5696000000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
5235000000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
21438000000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
4153000000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
4248000000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
3681000000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
3795000000 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
15877000000 USD
CY2015Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
66000000 USD
CY2015Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7000000 USD
CY2014Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
56000000 USD
CY2015Q4 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
59000000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
657000000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
592000000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
569000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
173000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
106000000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
85000000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
40235301 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
35.78
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1880534 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
30.15
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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5450000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
45929739 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
49303879 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.65
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.10
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.61
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.96
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y0M
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M
us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
9417000000 USD
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-2996000000 USD
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-5029000000 USD
CY2012Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
0 USD
CY2013Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
9417000000 USD
CY2014Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
6421000000 USD
CY2015Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1392000000 USD
CY2013 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
67000000 USD
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
195326 shares
CY2013 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2831000000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1936000000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9000000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12000000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3000000 USD
CY2014Q4 us-gaap Stockholders Equity
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18287000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
7828000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21311000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25231000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22474000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12044000000 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
751000000 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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764000000 USD
CY2013Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
259000000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
128000000 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
128000000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3695000000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3702000000 USD
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
143000000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
129000000 USD
CY2013 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2014 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-3000000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-3000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
37000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
9000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
14000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
21000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
15000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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16000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
28000000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
107000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
73000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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2185000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
93000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
912000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
184000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
3900000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
482000000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1749000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1006000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1039000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1082000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1002000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1039000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1082000000 shares
CY2015 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Environmental. </font><font style="font-family:Arial;font-size:10pt;">FCX subsidiaries are subject to various national, state and local environmental laws and regulations that govern emissions of air pollutants; discharges of water pollutants; generation, handling, storage and disposal of hazardous substances, hazardous wastes and other toxic materials; and remediation, restoration and reclamation of environmental contamination. FCX subsidiaries that operate in the U.S. also are subject to potential liabilities arising under CERCLA and similar state laws that impose responsibility on current and previous owners and operators of a facility for the remediation of hazardous substances released from the facility into the environment, including damages to natural resources, in some cases irrespective of when the damage to the environment occurred or who caused it. Remediation liability also extends to persons who arranged for the disposal of hazardous substances or transported the hazardous substances to a disposal site selected by the transporter. These liabilities are often shared on a joint and several basis, meaning that each responsible party is fully responsible for the remediation, if some or all of the other historical owners or operators no longer exist, do not have the financial ability to respond or cannot be found. As a result, because of FCX&#8217;s acquisition of FMC in 2007, many of the subsidiary companies FCX now owns are responsible for a wide variety of environmental remediation projects throughout the U.S., and FCX expects to spend substantial sums annually for many years to address those remediation issues. Certain FCX subsidiaries have been advised by the U.S. Environmental Protection Agency (EPA), the Department of the Interior, the Department of Agriculture and various state agencies that, under CERCLA or similar state laws and regulations, they may be liable for costs of responding to environmental conditions at a number of sites that have been or are being investigated to determine whether releases of hazardous substances have occurred and, if so, to develop and implement remedial actions to address environmental concerns. FCX is also subject to claims where the release of hazardous substances is alleged to have damaged natural resources (NRD) and to litigation by individuals allegedly exposed to hazardous substances. As of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had more than </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">100</font><font style="font-family:Arial;font-size:10pt;"> active remediation projects, including NRD claims, in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">26</font><font style="font-family:Arial;font-size:10pt;"> U.S. states. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A summary of changes in estimated environmental obligations for the years ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31</font><font style="font-family:Arial;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.21875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="53%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2013</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,174</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,222</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Accretion expense</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">a</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">78</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">77</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">79</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Additions</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Reductions</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">b</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(77</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Spending</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(67</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(80</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(130</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Balance at end of year</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,215</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,174</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,167</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Less current portion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(100</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(105</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(121</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Long-term portion</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,115</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,069</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,046</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:18px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Arial;font-size:9pt;">a.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Represents accretion of the fair value of environmental obligations assumed in the 2007 acquisition of FMC, which were determined on a discounted cash flow basis.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:18px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Arial;font-size:9pt;">b.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Reductions primarily reflect revisions for changes in the anticipated scope and timing of projects and other noncash adjustments.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Estimated future environmental cash payments (on an undiscounted and unescalated basis) total </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$100 million</font><font style="font-family:Arial;font-size:10pt;"> in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$127 million</font><font style="font-family:Arial;font-size:10pt;"> in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$104 million</font><font style="font-family:Arial;font-size:10pt;"> in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2018</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$92 million</font><font style="font-family:Arial;font-size:10pt;"> in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2019</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$85 million</font><font style="font-family:Arial;font-size:10pt;"> in </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2020</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$1.8 billion</font><font style="font-family:Arial;font-size:10pt;"> thereafter. The amount and timing of these estimated payments will change as a result of changes in regulatory requirements, changes in scope and timing of remediation activities, the settlement of environmental matters and as actual spending occurs.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX&#8217;s environmental obligations totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$1.2 billion</font><font style="font-family:Arial;font-size:10pt;">, including </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$1.1 billion</font><font style="font-family:Arial;font-size:10pt;"> recorded on a discounted basis for those obligations assumed in the FMC acquisition at fair value. On an undiscounted and unescalated basis, these obligations totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$2.3 billion</font><font style="font-family:Arial;font-size:10pt;">. FCX estimates it is reasonably possible that these obligations could range between </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$2.1 billion</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$2.7 billion</font><font style="font-family:Arial;font-size:10pt;"> on an undiscounted and unescalated basis.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, the most significant environmental obligations were associated with the Pinal Creek site in Arizona; the Newtown Creek site in New York City; historical smelter sites principally located in Arizona, Kansas, New Jersey, Oklahoma and Pennsylvania; and uranium mining sites in the western U.S. The recorded environmental obligations for these sites totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$1.0 billion</font><font style="font-family:Arial;font-size:10pt;"> at </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">. FCX may also be subject to litigation brought by private parties, regulators and local governmental authorities related to these historical sites. A discussion of these sites follows. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Pinal Creek.</font><font style="font-family:Arial;font-size:10pt;"> The Pinal Creek site was listed under the Arizona Department of Environmental Quality&#8217;s (ADEQ) Water Quality Assurance Revolving Fund program in 1989 for contamination in the shallow alluvial aquifers within the Pinal Creek drainage near Miami, Arizona. Since that time, environmental remediation was performed by members of the Pinal Creek Group (PCG), consisting of FMC Miami, Inc. (Miami), a wholly owned subsidiary of FCX, and two other companies. Pursuant to a 2010 settlement agreement, Miami agreed to take full responsibility for future groundwater remediation at the Pinal Creek site, with limited exceptions. Remediation work consisting of both capping (earthwork) and groundwater extraction and treatment continues and is expected to continue for many years in the future.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Newtown Creek.</font><font style="font-family:Arial;font-size:10pt;"> From the 1930s until 1964, Phelps Dodge Refining Corporation (PDRC), a subsidiary of FCX, operated a copper smelter and, from the 1930s until 1984, operated a copper refinery on the banks of Newtown Creek (the creek), which is a 3.5-mile-long waterway that forms part of the boundary between Brooklyn and Queens in New York City. Heavy industrialization along the banks of the creek and discharges from the City of New York&#8217;s sewer system over more than a century resulted in significant environmental contamination of the waterway. In 2010, EPA notified PDRC, four other companies and the City of New York that EPA considers them to be PRPs under CERCLA. The notified parties began working with EPA to identify other PRPs, and EPA proposed that the notified parties perform a remedial investigation/feasibility study (RI/FS) at their expense and reimburse EPA for its oversight costs. EPA is not expected to propose a remedy until after the RI/FS is completed. Additionally, in 2010, EPA designated the creek as a Superfund site, and in 2011, PDRC and five other parties entered an Administrative Order on Consent (AOC) to perform the RI/FS to assess the nature and extent of environmental contamination in the creek and identify potential remedial options. The parties</font><font style="font-family:inherit;font-size:10pt;">'</font><font style="font-family:Arial;font-size:10pt;"> RI/FS work under the AOC and their efforts to identify other PRPs are ongoing; the RI is expected to be completed in late 2016, with the FS approved by EPA in 2019, and remedial action could possibly begin in 2022. The actual costs of fulfilling this remedial obligation and the allocation of costs among PRPs are uncertain and subject to change based on the results of the RI/FS, the remediation remedy ultimately selected by EPA and related allocation determinations. The overall cost and the portion ultimately allocated to PDRC could be material to FCX and significantly exceed the amount currently reserved for this contingency.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Historical Smelter Sites</font><font style="font-family:Arial;font-size:10pt;">. FCX subsidiaries and their predecessors at various times owned or operated copper, zinc and lead smelters in states including Arizona, Kansas, Missouri, New Jersey, Oklahoma and Pennsylvania. For some of these smelter sites, certain FCX subsidiaries have been advised by EPA or state agencies that they may be liable for costs of investigating and, if appropriate, remediating environmental conditions associated with the smelters. At other sites, certain FCX subsidiaries have entered into state voluntary remediation programs to investigate and, if appropriate, remediate onsite and offsite conditions associated with the smelters. The historical smelter sites are in various stages of assessment and remediation. At some of these sites, disputes with local residents and elected officials regarding alleged health effects or the effectiveness of remediation efforts have resulted in litigation of various types, and similar litigation at other sites is possible. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Uranium Mining Sites.</font><font style="font-family:Arial;font-size:10pt;">&#160;During a period between 1940 and the early 1970s, certain FCX subsidiaries and their predecessors were involved in uranium exploration and mining in the western U.S., primarily on federal and tribal lands in the Four Corners region of the southwest. Similar exploration and mining activities by other companies have also caused environmental impacts warranting remediation, and EPA and local authorities are currently evaluating the need for significant cleanup activities in the region. To date, FCX has undertaken remediation work at a limited number of sites associated with these predecessor entities. During 2014, FCX initiated reconnaissance work at a limited number of historic mining sites on federal lands, which continued in 2015; approximately </font><font style="font-family:Arial;font-size:10pt;">20 percent</font><font style="font-family:Arial;font-size:10pt;"> of FCX's known federal sites have been initially evaluated. FCX expects to increase those activities over the next several years in order to identify sites for possible future investigation and remediation. During 2014, FCX also initiated discussions with federal and tribal representatives regarding a potential phased program to investigate and remediate historic uranium sites on tribal lands in the Four Corners region. Those discussions continued in 2015, when FCX also initiated discussions with the Department of Justice regarding the possible federal government's share of the liability on tribal lands.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AROs.</font><font style="font-family:Arial;font-size:10pt;"> FCX&#8217;s ARO estimates are reflected on a third-party cost basis and are based on FCX&#8217;s legal obligation to retire tangible, long-lived assets. A summary of changes in FCX&#8217;s AROs for the years ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31</font><font style="font-family:Arial;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.8046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="52%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2013</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,769</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,146</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Liabilities assumed in the acquisitions of PXP and MMR</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">a</sup></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,028</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Liabilities incurred</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">98</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">b</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font 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style="font-family:Arial;font-size:9pt;">65</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">123</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Accretion expense</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">131</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">117</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">95</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Dispositions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(61</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Spending</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(133</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(99</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(107</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(11</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Balance at end of year</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,769</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Less current portion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(172</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(191</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(115</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Long-term portion</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,624</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,578</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,213</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:18px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Arial;font-size:9pt;">a.</font><font style="font-family:inherit;font-size:10pt;"></font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The fair value of AROs assumed in the acquisitions of PXP and MMR (</font><font style="font-family:Arial;font-size:9pt;">$741 million</font><font style="font-family:Arial;font-size:9pt;"> and </font><font style="font-family:Arial;font-size:9pt;">$287 million</font><font style="font-family:Arial;font-size:9pt;">, respectively) were estimated based on projected cash flows, an estimated long-term annual inflation rate of </font><font style="font-family:Arial;font-size:9pt;">2.5 percent</font><font style="font-family:Arial;font-size:9pt;"> and discount rates based on FCX's estimated credit-adjusted, risk-free interest rates ranging from </font><font style="font-family:Arial;font-size:9pt;">1.3 percent</font><font style="font-family:Arial;font-size:9pt;"> to </font><font style="font-family:Arial;font-size:9pt;">6.3 percent</font><font style="font-family:Arial;font-size:9pt;">. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:18px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Arial;font-size:9pt;">b.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Primarily reflects updates to the closure approach to reclaim an overburden stockpile in Indonesia.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ARO costs may increase or decrease significantly in the future as a result of changes in regulations, changes in engineering designs and technology, permit modifications or updates, changes in mine plans, changes in drilling plans, settlements, inflation or other factors and as reclamation spending occurs. ARO activities and expenditures for mining operations generally are made over an extended period of time commencing near the end of the mine life; however, certain reclamation activities may be accelerated if legally required or if determined to be economically beneficial. The methods used or required to plug and abandon non-producing oil and gas wellbores, remove platforms, tanks, production equipment and flow lines, and restore wellsites could change over time. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">New Mexico, Arizona, Colorado and other states require financial assurance to be provided for the estimated costs of mine reclamation and closure, including groundwater quality protection programs. FCX has satisfied financial assurance requirements by using a variety of mechanisms, primarily involving parent company performance guarantees and financial capability demonstrations, but also including trust funds, surety bonds, letters of credit and other collateral. The applicable regulations specify financial strength tests that are designed to confirm a company&#8217;s or guarantor&#8217;s financial capability to fund estimated reclamation and closure costs. The amount of financial assurance FCX is required to provide will vary with changes in laws, regulations, reclamation and closure requirements, and cost estimates. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX&#8217;s financial assurance obligations associated with these closure and reclamation/restoration costs totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$994 million</font><font style="font-family:Arial;font-size:10pt;">, of which </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$617 million</font><font style="font-family:Arial;font-size:10pt;"> was in the form of guarantees issued by FCX and financial capability demonstrations of FCX. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had trust assets totaling </font><font style="font-family:Arial;font-size:10pt;">$169 million</font><font style="font-family:Arial;font-size:10pt;"> (included in other assets), which are legally restricted to be used to satisfy its financial assurance obligations for its mining properties in New Mexico. In addition, FCX has financial assurance obligations for its oil and gas properties associated with plugging and abandoning wells and facilities totaling </font><font style="font-family:Arial;font-size:10pt;">$1.5 billion</font><font style="font-family:Arial;font-size:10pt;">. Where oil and gas guarantees associated with the Bureau of Ocean Energy Management do not include a stated cap, the amounts reflect management's estimates of the potential exposure. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">New Mexico Environmental and Reclamation Programs.</font><font style="font-family:Arial;font-size:10pt;"> FCX&#8217;s New Mexico operations are regulated under the New Mexico Water Quality Act and regulations adopted by the Water Quality Control Commission (WQCC). In connection with discharge permits, the New Mexico Environment Department (NMED) has required each of these operations to submit closure plans for NMED&#8217;s approval. The closure plans must include measures to assure meeting applicable groundwater quality standards following the closure of discharging facilities and to abate groundwater or surface water contamination to meet applicable standards. In 2013, the WQCC adopted Supplemental Permitting Requirements for Copper Mining Facilities, which became effective on December 1, 2013, and specify closure requirements for copper mine facilities. The rules were adopted after an extensive stakeholder process in which FCX participated and were jointly supported by FCX and NMED. The rules are currently being challenged in the New Mexico Supreme Court by certain environmental organizations and the New Mexico Attorney General. Finalized closure plan requirements, including those resulting from application of the 2013 rules or the application of different standards if the rules are invalidated by the New Mexico Supreme Court, could result in material increases in closure costs for FCX's New Mexico operations.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FCX&#8217;s New Mexico operations also are subject to regulation under the 1993 New Mexico Mining Act (the Mining Act) and the related rules that are administered by the Mining and Minerals Division (MMD) of the New Mexico Energy, Minerals and Natural Resources Department. Under the Mining Act, mines are required to obtain approval of plans describing the reclamation to be performed following cessation of mining operations. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$451 million</font><font style="font-family:Arial;font-size:10pt;"> for its New Mexico operations. As stated above, additional accruals may be required based on the state&#8217;s periodic review of FCX&#8217;s updated closure plans and any resulting permit conditions, and the amount of those accruals could be material.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Arizona Environmental and Reclamation Programs.</font><font style="font-family:Arial;font-size:10pt;"> FCX&#8217;s Arizona properties are subject to regulatory oversight in several areas. ADEQ has adopted regulations for its aquifer protection permit (APP) program that require permits for, among other things, certain facilities, activities and structures used for mining, leaching, concentrating and smelting, and require compliance with aquifer water quality standards at an applicable point of compliance well or location during both operations and closure. The APP program also may require mitigation and discharge reduction or elimination of some discharges.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">An application for an APP requires a proposed closure strategy that will meet applicable groundwater protection requirements following cessation of operations and an estimate of the cost to implement the closure strategy. An APP may specify closure requirements, which may include post-closure monitoring and maintenance. A more detailed closure plan must be submitted within 90 days after a permitted entity notifies ADEQ of its intent to cease operations. A permit applicant must demonstrate its financial ability to meet the closure costs approved by ADEQ. In 2014, the state enacted legislation requiring closure costs for facilities covered by aquifer protection permits to be updated no more frequently than every five years and financial assurance mechanisms to be updated no more frequently than every two years. While some closure cost updates will occur in the normal course as modifications to aquifer protection permits, ADEQ has not yet formally notified FCX regarding the timetable for updating other closure cost estimates and financial assurance mechanisms for FCX's Arizona mine sites. In 2015, amendments to aquifer protection permits were submitted to ADEQ for Safford and Sierrita, which will result in increased closure costs. FCX may be required to begin updating its closure cost estimates at other Arizona sites in 2016. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Portions of Arizona mining facilities that operated after January 1, 1986, also are subject to the Arizona Mined Land Reclamation Act (AMLRA). AMLRA requires reclamation to achieve stability and safety consistent with post-mining land use objectives specified in a reclamation plan. Reclamation plans must be approved by the State Mine Inspector and must include an estimate of the cost to perform the reclamation measures specified in the plan along with financial assurance. FCX will continue to evaluate options for future reclamation and closure activities at its operating and non-operating sites, which are likely to result in adjustments to FCX&#8217;s ARO liabilities, and those adjustments could be material. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$298 million</font><font style="font-family:Arial;font-size:10pt;"> for its Arizona operations.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Colorado Reclamation Programs.</font><font style="font-family:Arial;font-size:10pt;">&#160;FCX</font><font style="font-family:inherit;font-size:10pt;">'</font><font style="font-family:Arial;font-size:10pt;">s Colorado operations are regulated by the Colorado Mined Land Reclamation Act (Reclamation Act) and regulations promulgated thereunder. Under the Reclamation Act, mines are required to obtain approval of plans for reclamation of lands affected by mining operations to be performed during mining or upon cessation of mining operations.&#160;During 2015, the Colorado Division of Reclamation Mining &amp; Safety (DRMS) approved an increase in Henderson's closure costs, principally to address long-term water management. As of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$66 million</font><font style="font-family:Arial;font-size:10pt;"> for its Colorado operations. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Chilean Reclamation and Closure Programs. </font><font style="font-family:Arial;font-size:10pt;">In July 2011, the Chilean senate passed legislation regulating mine closure, which establishes new requirements for closure plans and became effective in November 2012. FCX's El Abra operation submitted updated closure cost estimates based on the existing approved closure plan in November 2014. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FCX had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$51 million</font><font style="font-family:Arial;font-size:10pt;"> for its El Abra operation. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Peruvian Reclamation and Closure Programs</font><font style="font-family:Arial;font-size:10pt;">. Cerro Verde is subject to regulation under the Mine Closure Law administered by the Peruvian Ministry of Energy and Mines. Under the closure regulations, mines must submit a closure plan that includes the reclamation methods, closure cost estimates, methods of control and verification, closure and post-closure plans, and financial assurance. The latest closure plan and cost estimate for the Cerro Verde mine expansion were submitted to the Peruvian regulatory authorities in November 2013. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, Cerro Verde had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$106 million</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Indonesian Reclamation and Closure Programs.</font><font style="font-family:Arial;font-size:10pt;">&#160;The ultimate amount of reclamation and closure costs to be incurred at PT-FI&#8217;s operations will be determined based on applicable laws and regulations and PT-FI&#8217;s assessment of appropriate remedial activities in the circumstances, after consultation with governmental authorities, affected local residents and other affected parties and cannot currently be projected with precision. Some reclamation costs will be incurred during mining activities, while the remaining reclamation costs will be incurred at the end of mining activities, which are currently estimated to continue for approximately </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">25</font><font style="font-family:Arial;font-size:10pt;"> years. During 2014, PT-FI updated its closure approach for an overburden stockpile, which resulted in an increase in the estimated closure costs of </font><font style="font-family:Arial;font-size:10pt;">$403 million</font><font style="font-family:Arial;font-size:10pt;">. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, PT-FI had accrued reclamation and closure costs of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$674 million</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In 1996, PT-FI began contributing to a cash fund (</font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$21 million</font><font style="font-family:Arial;font-size:10pt;"> balance at </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, which is included in other assets) designed to accumulate at least </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$100 million</font><font style="font-family:Arial;font-size:10pt;"> (including interest) by the end of its Indonesia mining activities. PT-FI plans to use this fund, including accrued interest, to pay mine closure and reclamation costs or satisfy a portion of Indonesian financial requirements under recently issued regulations. Any costs in excess of the </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$100 million</font><font style="font-family:Arial;font-size:10pt;"> fund would be funded by operational cash flow or other sources.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2009, PT-FI submitted its revised mine closure plan to the Department of Energy and Mineral Resources for review and addressed comments received during the course of this review process. In December 2010, the Indonesian government issued a regulation regarding mine reclamation and closure, which requires a company to provide a mine closure guarantee in the form of a time deposit placed in a state-owned bank in Indonesia. In accordance with its COW, PT-FI is working with the Department of Energy and Mineral Resources to review these requirements, including discussion of other options for the mine closure guarantee.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Oil and Gas Properties. </font><font style="font-family:Arial;font-size:10pt;">Substantially all of FM O&amp;G's oil and gas leases require that, upon termination of economic production, the working interest owners plug and abandon non-producing wellbores, remove equipment and facilities from leased acreage, and restore land in accordance with applicable local, state and federal laws. FM O&amp;G operating areas include the GOM, offshore and onshore California, the Gulf Coast and the Rocky Mountain area. FM O&amp;G AROs cover more than </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">6,400</font><font style="font-family:Arial;font-size:10pt;"> wells and more than </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">180</font><font style="font-family:Arial;font-size:10pt;"> platforms and other structures. During 2015, liabilities incurred for FM O&amp;G totaled </font><font style="font-family:Arial;font-size:10pt;">$79 million</font><font style="font-family:Arial;font-size:10pt;"> for new wells primarily in the GOM area. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, FM O&amp;G had accrued </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$1.1 billion</font><font style="font-family:Arial;font-size:10pt;"> associated with its AROs.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Litigation. </font><font style="font-family:Arial;font-size:10pt;">FCX is involved in numerous legal proceedings that arise in the ordinary course of business or are associated with environmental issues arising from legacy operations conducted over the years by FMC and its affiliates as discussed in this note under &#8220;Environmental.&#8221; FCX is also involved periodically in other reviews, investigations and proceedings by government agencies, some of which may result in adverse judgments, settlements, fines, penalties, injunctions or other relief. Management does not believe, based on currently available information, that the outcome of any legal proceeding reported below will have a material adverse effect on FCX's financial condition, although individual outcomes could be material to FCX's operating results for a particular period, depending on the nature and magnitude of the outcome and the operating results for the period. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Asbestos Claims.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Arial;font-size:10pt;">Since approximately 1990, FMC and various subsidiaries have been named as defendants in a large number of lawsuits that claim personal injury either from exposure to asbestos allegedly contained in electrical wire products produced or marketed many years ago or from asbestos contained in buildings and facilities located at properties owned or operated by FMC affiliates, or from alleged asbestos in talc products. Many of these suits involve a large number of codefendants. Based on litigation results to date and facts currently known, FCX believes there is a reasonable possibility that losses may have been incurred related to these matters; however, FCX also believes that the amounts of any such losses, individually or in the aggregate, are not material to its consolidated financial statements. There can be no assurance, however, that future developments will not alter this conclusion.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Shareholder Litigation. </font><font style="font-family:Arial;font-size:10pt;">On January 15, 2015, a Stipulation and Agreement of Settlement, Compromise and Release</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(Stipulation) was entered into with respect to the consolidated stockholder derivative litigation captioned </font><font style="font-family:Arial;font-size:10pt;text-decoration:underline;">In Re Freeport-McMoRan Copper &amp; Gold Inc. Derivative Litigation</font><font style="font-family:Arial;font-size:10pt;">, No. 8145-VCN. This settlement resolved all derivative claims against directors and officers of FCX challenging FCX's 2013 acquisitions of PXP and MMR. During 2015, insurers under FCX&#8217;s directors and officers liability insurance policies and other third parties funded the </font><font style="font-family:Arial;font-size:10pt;color:#000000;">$125 million</font><font style="font-family:Arial;font-size:10pt;"> settlement amount that, net of plaintiffs&#8217; legal fees and expenses, resulted in the recognition of a gain of </font><font style="font-family:Arial;font-size:10pt;">$92 million</font><font style="font-family:Arial;font-size:10pt;"> (included in other income (expense)). In accordance with the approved settlement terms, FCX's Board declared a special dividend that was paid on August 3, 2015.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Pursuant to the settlement, FCX&#8217;s Board also approved and agreed to keep in effect for at least three years corporate governance enhancements specified in the Stipulation. These corporate governance enhancements include agreements by FCX to maintain and/or establish (i) a lead independent director position, (ii) an independent executive committee, (iii) solely independent directors on each of the executive, corporate responsibility, audit, compensation, and nominating and governance committees, and (iv) certain procedures or policies relating to the selection of members of special committees, approval of related-party transactions and executive compensation.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax and Other Matters. </font><font style="font-family:Arial;font-size:10pt;">FCX's operations are in multiple jurisdictions where uncertainties arise in the application of complex tax regulations. Some of these tax regimes are defined by contractual agreements with the local government, while others are defined by general tax laws and regulations. FCX and its subsidiaries are subject to reviews of its income tax filings and other tax payments, and disputes can arise with the taxing authorities over the interpretation of its contracts or laws. The final taxes paid may be dependent upon many factors, including negotiations with taxing authorities. In certain jurisdictions, FCX must pay a portion of the disputed amount to the local government in order to formally appeal the assessment. Such payment is recorded as a receivable if FCX believes the amount is collectible. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Cerro Verde Royalty Dispute.</font><font style="font-family:Arial;font-size:10pt;"> SUNAT, the Peruvian national tax authority, has assessed mining royalties on ore processed by the Cerro Verde concentrator, which commenced operations in late 2006. These assessments cover the period December 2006 to December 2007 and the years 2008 and 2009. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In July 2013, the Peruvian Tax Tribunal issued two decisions affirming SUNAT's assessments for the period December 2006 through December 2008. In September 2013, Cerro Verde filed judiciary appeals related to the assessments because it believes that its 1998 stability agreement exempts from royalties all minerals extracted from its mining concession, irrespective of the method used for processing those minerals. With respect to the judiciary appeal related to assessments for the year 2008, on December 17, 2014, Peru's Eighteenth Contentious Administrative Court, which specializes in taxation matters, rendered its decision upholding Cerro Verde's position and declaring the Tax Tribunal's resolution invalid. On December 31, 2014, SUNAT and the Tax Tribunal appealed this decision. On January 29, 2016, Peru&#8217;s Sixth Contentious Administrative Chamber of the Appellate Court nullified the decision of the Eighteenth Contentious Administrative Court. Cerro Verde will appeal the decision to the Peruvian Supreme Court. Although FCX believes Cerro Verde's interpretation of the stability agreement is correct, if Cerro Verde is ultimately found responsible for these assessments, it may also be liable for penalties and interest, which accrues at rates that range from approximately </font><font style="font-family:Arial;font-size:10pt;">7 percent</font><font style="font-family:Arial;font-size:10pt;"> to </font><font style="font-family:Arial;font-size:10pt;">18 percent</font><font style="font-family:Arial;font-size:10pt;"> based on the year accrued and the currency in which the amounts would be payable. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In October 2013, SUNAT served Cerro Verde with a demand for payment based on the Peruvian Tax Tribunal&#8217;s decisions for the period December 2006 through December 2008. The aggregate amount of these assessments totals </font><font style="font-family:Arial;font-size:10pt;">$179 million</font><font style="font-family:Arial;font-size:10pt;"> (based on the exchange rate as of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">), including estimated accumulated interest and penalties. As permitted by law, Cerro Verde requested and was granted an installment payment program that deferred payment for </font><font style="font-family:Arial;font-size:10pt;">six</font><font style="font-family:Arial;font-size:10pt;"> months and thereafter required </font><font style="font-family:Arial;font-size:10pt;">66</font><font style="font-family:Arial;font-size:10pt;"> equal monthly payments. Through </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, Cerro Verde has made payments totaling </font><font style="font-family:Arial;font-size:10pt;">$64 million</font><font style="font-family:Arial;font-size:10pt;"> (based on exchange rates as of the dates of payment) under the installment program, which are included in other assets in the consolidated balance sheet. In July 2013, a hearing on SUNAT's assessment for 2009 was held, but no decision has been issued by the Tax Tribunal for that year. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The aggregate amount of the assessment for 2009 totals </font><font style="font-family:Arial;font-size:10pt;">$72 million</font><font style="font-family:Arial;font-size:10pt;"> (based on the exchange rate as of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">), including estimated accumulated interest and penalties. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">SUNAT may make additional assessments for mining royalties and associated penalties and interest for the years 2010 through 2013, which Cerro Verde will contest. FCX estimates the total exposure associated with the assessments for mining royalties discussed above for the period from December 2006 through December 2009, and for the years 2010 through 2013 approximates </font><font style="font-family:Arial;font-size:10pt;">$500 million</font><font style="font-family:Arial;font-size:10pt;"> (based on the exchange rate as of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">), including estimated accumulated interest and penalties. No amounts have been accrued for these assessments or the installment payment program as of December&#160;31, 2015, because Cerro Verde believes its 1998 stability agreement exempts it from these royalties and believes any payments will be recoverable.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Other Peruvian Tax Matters. </font><font style="font-family:Arial;font-size:10pt;">Cerro Verde has also received assessments from SUNAT for additional taxes, penalties and interest related to various audit exceptions for income and other taxes. Cerro Verde has filed or will file objections to the assessments because it believes it has properly determined and paid its taxes. A summary of these assessments follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td width="23%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Tax Year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Tax Assessment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Penalty and Interest Assessment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2002 to 2005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">53</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2006</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">7</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">47</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">54</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2007</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">30</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2008</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">21</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">34</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2009</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">104</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2010</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">66</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">89</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">155</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">187</font></div></td><td style="vertical-align:bottom;border-bottom:3px double 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style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">268</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">455</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, Cerro Verde had paid </font><font style="font-family:Arial;font-size:10pt;">$181 million</font><font style="font-family:Arial;font-size:10pt;"> (included in other assets) on these disputed tax assessments, which it believes is collectible. No amounts have been accrued for these assessments.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Indonesia Tax Matters.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Arial;font-size:10pt;">PT-FI has received assessments from the Indonesian tax authorities for additional taxes and interest related to various audit exceptions for income and other taxes. PT-FI has filed objections to the assessments because it believes it has properly determined and paid its taxes. A summary of these assessments follows: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.8046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="22%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="22%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="22%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="22%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Tax Year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Tax Assessment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Interest Assessment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">103</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2006</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">22</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">32</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2007</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">91</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">44</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">135</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2008</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">62</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">52</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">114</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2011</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">137</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">471</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">168</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">639</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Required estimated income tax payments for 2011 significantly exceeded PT-FI&#8217;s 2011 reported income tax liability, which resulted in a </font><font style="font-family:Arial;font-size:10pt;">$313 million</font><font style="font-family:Arial;font-size:10pt;"> overpayment. During 2013, the Indonesian tax authorities agreed to refund </font><font style="font-family:Arial;font-size:10pt;">$291 million</font><font style="font-family:Arial;font-size:10pt;"> associated with income tax overpayments made by PT-FI for 2011, and PT-FI filed objections for the remaining </font><font style="font-family:Arial;font-size:10pt;">$22 million</font><font style="font-family:Arial;font-size:10pt;"> that it believes it is due. PT-FI received a cash refund of </font><font style="font-family:Arial;font-size:10pt;">$165 million</font><font style="font-family:Arial;font-size:10pt;"> in July 2013, and the Indonesian tax authorities withheld </font><font style="font-family:Arial;font-size:10pt;">$126 million</font><font style="font-family:Arial;font-size:10pt;"> of the 2011 overpayment for unrelated assessments from 2005 and 2007, which PT-FI is disputing. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Required estimated income tax payments for 2012 significantly exceeded PT-FI&#8217;s 2012 reported income tax liability, which resulted in a </font><font style="font-family:Arial;font-size:10pt;">$303 million</font><font style="font-family:Arial;font-size:10pt;"> overpayment. During second-quarter 2014, the Indonesian tax authorities issued tax assessments for 2012 of </font><font style="font-family:Arial;font-size:10pt;">$137 million</font><font style="font-family:Arial;font-size:10pt;"> and other offsets of </font><font style="font-family:Arial;font-size:10pt;">$15 million</font><font style="font-family:Arial;font-size:10pt;">, and refunded the balance of </font><font style="font-family:Arial;font-size:10pt;">$151 million</font><font style="font-family:Arial;font-size:10pt;"> (before foreign exchange adjustments). PT-FI filed objections and will use other means available under Indonesian tax laws and regulations to recover all overpayments that remain in dispute. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">As of </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, PT-FI had paid </font><font style="font-family:Arial;font-size:10pt;">$259 million</font><font style="font-family:Arial;font-size:10pt;"> (of which </font><font style="font-family:Arial;font-size:10pt;">$209 million</font><font style="font-family:Arial;font-size:10pt;"> was included in other assets) on disputed tax assessments, which it believes are collectible. In addition, PT-FI has </font><font style="font-family:Arial;font-size:10pt;">$285 million</font><font style="font-family:Arial;font-size:10pt;"> (included in income and other tax receivables) for overpayments of 2014 income taxes and </font><font style="font-family:Arial;font-size:10pt;">$106 million</font><font style="font-family:Arial;font-size:10pt;"> (included in other assets) for overpayments of 2015 income taxes.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2009, PT-FI was notified by Indonesian tax authorities that PT-FI was obligated to pay value added taxes on certain goods imported after the year 2000. In December 2014, PT-FI paid </font><font style="font-family:Arial;font-size:10pt;">$269 million</font><font style="font-family:Arial;font-size:10pt;"> for value added taxes for the period from November 2005 through 2009 and sought a refund. In January 2016, PT-FI received audit findings confirming the refund amount, which based on the exchange rate as of December 31, 2015, is expected to be </font><font style="font-family:Arial;font-size:10pt;">$215 million</font><font style="font-family:Arial;font-size:10pt;"> (included in income and other tax receivables in the consolidated balance sheet at </font><font style="font-family:Arial;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">PT-FI received assessments from the local regional tax authority in Papua, Indonesia, for additional taxes and penalties related to surface water taxes for the period from January 2011 through December 2015. PT-FI has filed or will file objections to these assessments. The local government of Papua rejected PT-FI&#8217;s objections to the assessments related to the period from January 2011 through July 2015, and PT-FI filed appeals with the Indonesian tax court for these periods. The aggregate amount of all assessments received through February 19, 2016, including penalties, was </font><font style="font-family:Arial;font-size:10pt;">2.7 trillion</font><font style="font-family:Arial;font-size:10pt;"> Indonesian rupiah (</font><font style="font-family:Arial;font-size:10pt;">$197 million</font><font style="font-family:Arial;font-size:10pt;"> based on the exchange rate as of December 31, 2015). Additional penalties, which could be significant, may be assessed depending on the outcome of the appeals process. </font><font style="font-family:Arial;font-size:10pt;">No</font><font style="font-family:Arial;font-size:10pt;"> amounts have been accrued for these assessments as of December&#160;31, 2015, because PT-FI believes its COW exempts it from these payments and that it has the right to contest these assessments in the tax court and ultimately the Indonesian Supreme Court. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Letters of Credit, Bank Guarantees and Surety Bonds.</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;Letters of credit and bank guarantees totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$300 million</font><font style="font-family:Arial;font-size:10pt;"> at </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, primarily for the Cerro Verde royalty dispute (refer to discussion above), environmental and asset retirement obligations, workers&#8217; compensation insurance programs, tax and customs obligations, and other commercial obligations. In addition, FCX had surety bonds totaling </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$276 million</font><font style="font-family:Arial;font-size:10pt;"> at </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, associated with environmental and asset retirement obligations (</font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$217 million</font><font style="font-family:Arial;font-size:10pt;">), self-insurance bonds primarily for workers&#8217; compensation (</font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$21 million</font><font style="font-family:Arial;font-size:10pt;">) and other bonds (</font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$38 million</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insurance.</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;FCX purchases a variety of insurance products to mitigate potential losses, which typically have specified deductible amounts or self-insured retentions and policy limits. FCX generally is self-insured for U.S. workers&#8217; compensation, but purchases excess insurance up to statutory limits. An actuarial analysis is performed twice a year on the various casualty insurance programs covering FCX's U.S.-based mining operations, including workers&#8217; compensation, to estimate expected losses. At </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2015</font><font style="font-family:Arial;font-size:10pt;">, expected losses under these insurance programs totaled </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$66 million</font><font style="font-family:Arial;font-size:10pt;">, which consisted of a current portion of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$7 million</font><font style="font-family:Arial;font-size:10pt;"> (included in accounts payable and accrued liabilities) and a long-term portion of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$59 million</font><font style="font-family:Arial;font-size:10pt;"> (included in other liabilities).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FCX's oil and gas operations are subject to all of the risks normally incident to the exploration for and the production of oil and gas, including well blowouts, cratering, explosions, oil spills, releases of gas or well fluids, fires, pollution and releases of toxic gas, each of which could result in damage to or destruction of oil and gas wells, production facilities or other property or injury to persons. Although FCX maintains insurance coverage considered to be customary in the oil and gas industry, FCX is not fully insured against all risks either because insurance is not available or because of high premium costs. FCX is self-insured for named windstorms in the GOM. FCX's insurance policies provide limited coverage for losses or liabilities relating to pollution, with broader coverage for sudden and accidental occurrences.</font></div></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reclassifications. </font><font style="font-family:Arial;font-size:10pt;"> As a result of adopting new accounting guidance in 2015, debt issuance costs as of December 31, 2014, have been reclassified to conform with the current year presentation.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Use of Estimates.</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;The preparation of FCX&#8217;s financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. The more significant areas requiring the use of management estimates include reserve estimation (minerals, and oil and natural gas); timing of transfers of oil and gas properties not subject to amortization into the full cost pool; asset lives for depreciation, depletion and amortization; environmental obligations; asset retirement obligations; estimates of recoverable copper in mill and leach stockpiles; deferred taxes and valuation allowances; reserves for contingencies and litigation; asset impairment, including estimates used to derive future cash flows associated with those assets; determination of fair value of assets acquired, liabilities assumed and redeemable noncontrolling interest, and recognition of goodwill and deferred taxes in connection with business combinations; pension benefits; and valuation of derivative instruments. Actual results could differ from those estimates.</font></div></div>

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