2015 Form 8-K Financial Statement

#000083125916000104 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q3
Revenue $14.61B $4.869B $5.317B
YoY Change -26.97% -17.26% -13.76%
Cost Of Revenue $27.42B $2.866B $4.405B
YoY Change 48.24% -27.53% 3.62%
Gross Profit -$12.81B $932.0M $912.0M
YoY Change -949.9% -51.71% -52.35%
Gross Profit Margin -87.68% 19.14% 17.15%
Selling, General & Admin $558.0M $282.0M $158.0M
YoY Change -3.79% 44.62% 0.0%
% of Gross Profit 30.26% 17.32%
Research & Development $107.0M $13.00M $29.00M
YoY Change 0.94% -64.86% -49.12%
% of Gross Profit 1.39% 3.18%
Depreciation & Amortization $3.497B $939.0M $945.0M
YoY Change -9.47% -7.85% 2.83%
% of Gross Profit 100.75% 103.62%
Operating Expenses $558.0M $310.0M $158.0M
YoY Change -3.79% 12.73% 0.0%
Operating Profit -$13.51B -$3.394B $1.033B
YoY Change 4434.23% -305.7% -39.48%
Interest Expense -$602.0M -$123.0M -$158.0M
YoY Change 0.0% -26.35% -2.47%
% of Operating Profit -15.3%
Other Income/Expense, Net $1.000M -$17.00M $23.00M
YoY Change -96.77% -34.62% 666.67%
Pretax Income -$14.59B -$3.824B $1.055B
YoY Change 390.72% -360.67% -31.85%
Income Tax -$1.951B -$809.0M $349.0M
% Of Pretax Income 33.08%
Net Earnings -$12.09B -$2.735B $704.0M
YoY Change 1522.68% -385.19% -32.82%
Net Earnings / Revenue -82.76% -56.17% 13.24%
Basic Earnings Per Share -$11.31 -$2.75 $0.53
Diluted Earnings Per Share -$11.31 -$2.75 $0.53
COMMON SHARES
Basic Shares Outstanding 1.082B shares 1.039B shares 1.039B shares
Diluted Shares Outstanding 1.082B shares 1.046B shares

Balance Sheet

Concept 2015 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.0M $464.0M $658.0M
YoY Change -61.85% -76.62% -70.35%
Cash & Equivalents $177.0M $298.0M $658.0M
Short-Term Investments
Other Short-Term Assets $1.094B $616.0M $577.0M
YoY Change 65.26% 51.35% 89.18%
Inventory $4.075B $5.361B $5.489B
Prepaid Expenses
Receivables $632.0M $940.0M $1.514B
Other Receivables $1.484B $1.610B $793.0M
Total Short-Term Assets $7.462B $9.045B $9.031B
YoY Change -17.5% -9.3% -5.99%
LONG-TERM ASSETS
Property, Plant & Equipment $31.08B $22.93B $26.30B
YoY Change -31.69% -4.64% -43.61%
Goodwill $0.00 $1.717B
YoY Change -100.0% -11.13%
Intangibles $334.0M
YoY Change -12.11%
Long-Term Investments $327.0M
YoY Change -0.3%
Other Assets $7.132B $1.741B $2.018B
YoY Change 122.25% -3.17% -4.31%
Total Long-Term Assets $39.12B $49.63B $54.84B
YoY Change -21.19% -7.08% 3.49%
TOTAL ASSETS
Total Short-Term Assets $7.462B $9.045B $9.031B
Total Long-Term Assets $39.12B $49.63B $54.84B
Total Assets $46.58B $58.67B $63.88B
YoY Change -20.62% -7.43% 2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.251B $3.653B $3.784B
YoY Change -7.71% 70.38% 2.33%
Accrued Expenses $703.0M
YoY Change -10.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $649.0M $478.0M $1.762B
YoY Change 35.77% 53.21% 2417.14%
Total Short-Term Liabilities $4.307B $5.172B $6.343B
YoY Change -16.72% 8.36% 41.02%
LONG-TERM LIABILITIES
Long-Term Debt $19.68B $18.37B $17.98B
YoY Change 7.1% -9.92% -14.62%
Other Long-Term Liabilities $6.220B $1.846B $1.730B
YoY Change 12.93% 9.23% -2.48%
Total Long-Term Liabilities $25.90B $20.22B $19.71B
YoY Change 8.44% -8.45% -13.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.307B $5.172B $6.343B
Total Long-Term Liabilities $25.90B $20.22B $19.71B
Total Liabilities $38.75B $35.45B $37.26B
YoY Change -4.06% -5.53% -0.17%
SHAREHOLDERS EQUITY
Retained Earnings $128.0M $3.306B
YoY Change -95.33% 40.03%
Common Stock $117.0M $117.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.695B $3.686B
YoY Change 0.38% 0.14%
Treasury Stock Shares 128.0M shares
Shareholders Equity $7.828B $18.29B $21.59B
YoY Change
Total Liabilities & Shareholders Equity $46.58B $58.67B $63.98B
YoY Change -20.62% -7.56% 2.2%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income -$12.09B -$2.735B $704.0M
YoY Change 1522.68% -385.19% -32.82%
Depreciation, Depletion And Amortization $3.497B $939.0M $945.0M
YoY Change -9.47% -7.85% 2.83%
Cash From Operating Activities $3.220B $1.118B $1.926B
YoY Change -42.82% -53.34% 2.56%
INVESTING ACTIVITIES
Capital Expenditures -$6.353B -$1.800B -$1.853B
YoY Change -11.95% 8.24% 12.64%
Acquisitions
YoY Change
Other Investing Activities $53.00M $1.643B $50.00M
YoY Change -123.98% -1146.5% -76.53%
Cash From Investing Activities -$6.246B -$157.0M -$1.803B
YoY Change 64.33% -91.37% 25.91%
FINANCING ACTIVITIES
Cash Dividend Paid $725.0M
YoY Change -58.07%
Common Stock Issuance & Retirement, Net $1.936B
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.786B -1.155B -923.0M
YoY Change -183.14% 42.59% -39.32%
NET CHANGE
Cash From Operating Activities $3.220B 1.118B 1.926B
Cash From Investing Activities -$6.246B -157.0M -1.803B
Cash From Financing Activities $2.786B -1.155B -923.0M
Net Change In Cash -$240.0M -194.0M -800.0M
YoY Change -84.22% -17.09% -25.58%
FREE CASH FLOW
Cash From Operating Activities $3.220B $1.118B $1.926B
Capital Expenditures -$6.353B -$1.800B -$1.853B
Free Cash Flow $9.573B $2.918B $3.779B
YoY Change -25.48% -28.11% 7.27%

Facts In Submission

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IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterest
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CY2014Q4 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Net Of Noncontrolling Interest
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterest
-28000000 USD
CY2014 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Net Of Noncontrolling Interest
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterest
19000000 USD
CY2014Q3 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Net Of Noncontrolling Interest Per Share
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterestPerShare
0.04
CY2014Q4 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Net Of Noncontrolling Interest Per Share
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterestPerShare
-0.03
CY2014 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Net Of Noncontrolling Interest Per Share
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsNetOfNoncontrollingInterestPerShare
0.02
CY2014Q3 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Portion Attributable To Noncontrolling Interest
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsPortionAttributableToNoncontrollingInterest
7000000 USD
CY2014Q4 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Portion Attributable To Noncontrolling Interest
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsPortionAttributableToNoncontrollingInterest
11000000 USD
CY2014 fcx Income Tax Expense Benefit Associated With Changes In Foreign Tax Rates And Certain Tax Elections Portion Attributable To Noncontrolling Interest
IncomeTaxExpenseBenefitAssociatedWithChangesInForeignTaxRatesAndCertainTaxElectionsPortionAttributableToNoncontrollingInterest
18000000 USD
CY2014Q3 fcx Income Tax Expense Benefit Associatedwith Changesin Foreign Tax Ratesand Certain Tax Elections
IncomeTaxExpenseBenefitAssociatedwithChangesinForeignTaxRatesandCertainTaxElections
54000000 USD
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
501000000 USD
CY2014 fcx Interest Expense Including Accretion
InterestExpenseIncludingAccretion
606000000 USD
CY2015 fcx Interest Expense Including Accretion
InterestExpenseIncludingAccretion
617000000 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
1688000000 USD
CY2015Q4 fcx Long Term Mill And Leach Stockpiles
LongTermMillAndLeachStockpiles
1663000000 USD
CY2015 fcx Majorityof Costs Not Subjectto Amortizationtobe Transferred Period
MajorityofCostsNotSubjecttoAmortizationtobeTransferredPeriod
P5Y
CY2014Q4 fcx Mill And Leach Stockpiles
MillAndLeachStockpiles
1762000000 USD
CY2015Q4 fcx Mill And Leach Stockpiles
MillAndLeachStockpiles
1539000000 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 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
1393000000 USD
CY2015Q4 fcx Product
Product
1071000000 USD
CY2013 fcx Production And Delivery
ProductionAndDelivery
11078000000 USD
CY2014 fcx Production And Delivery
ProductionAndDelivery
11116000000 USD
CY2015 fcx Production And Delivery
ProductionAndDelivery
10693000000 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
3627000000 USD
CY2015Q4 fcx Reclamation And Environmental Obligations Less Current Portion
ReclamationAndEnvironmentalObligationsLessCurrentPortion
3717000000 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
0.08
CY2015Q3 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
58000000 USD
CY2015Q4 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
34000000 USD
CY2015 fcx Restructuring Costsand Asset Impairment Charges Netof Tax
RestructuringCostsandAssetImpairmentChargesNetofTax
92000000 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
RoyaltyTrustUnitsIssuedConversionofDebtorEquityInstrument
17700000
CY2013 fcx South American Capital Expenditures
SouthAmericanCapitalExpenditures
1145000000 USD
CY2014 fcx South American Capital Expenditures
SouthAmericanCapitalExpenditures
1785000000 USD
CY2015 fcx South American Capital Expenditures
SouthAmericanCapitalExpenditures
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
26000000 USD
CY2014 fcx Stock Based Compensation Included In Productionand Delivery Expense
StockBasedCompensationIncludedInProductionandDeliveryExpense
26000000 USD
CY2015 fcx Stock Based Compensation Included In Productionand Delivery Expense
StockBasedCompensationIncludedInProductionandDeliveryExpense
17000000 USD
CY2013Q3 fcx Supplemental Common Stock Dividend
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1.00
CY2015Q2 fcx Supplemental Common Stock Dividend
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0.1105
CY2013 fcx Tax Benefitand Noncontrolling Interests Share
TaxBenefitandNoncontrollingInterestsShare
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CY2014 fcx Tax Benefitand Noncontrolling Interests Share
TaxBenefitandNoncontrollingInterestsShare
-41000000 USD
CY2015 fcx Tax Benefitand Noncontrolling Interests Share
TaxBenefitandNoncontrollingInterestsShare
-31000000 USD
CY2013 fcx Tender Of Shares For Stock Based Awards Value
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-105000000 USD
CY2014 fcx Tender Of Shares For Stock Based Awards Value
TenderOfSharesForStockBasedAwardsValue
-8000000 USD
CY2015 fcx Tender Of Shares For Stock Based Awards Value
TenderOfSharesForStockBasedAwardsValue
-7000000 USD
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
ThreeYearAverageLondonSpotPriceForGold
1276
CY2015Q4 fcx Three Year Average Price For Molybdenum
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9.45
CY2015 fcx Threshholdfor Determining Accounting Treatmentfor Oiland Gas Dispositions
ThreshholdforDeterminingAccountingTreatmentforOilandGasDispositions
0.25
CY2013 fcx Transfer From Value Beyond Proven And Probable Reserves To Proven And Probable Reserves
TransferFromValueBeyondProvenAndProbableReservesToProvenAndProbableReserves
639000000 USD
CY2014 fcx Transfer From Value Beyond Proven And Probable Reserves To Proven And Probable Reserves
TransferFromValueBeyondProvenAndProbableReservesToProvenAndProbableReserves
1000000 USD
CY2015 fcx Transfer From Value Beyond Proven And Probable Reserves To Proven And Probable Reserves
TransferFromValueBeyondProvenAndProbableReservesToProvenAndProbableReserves
0 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
TreatmentAndRefiningChargesIncludedInCopperConcentratesRevenues
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
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateNetOfTaxBenefits
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
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3554000000 USD
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3247000000 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
940000000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
660000000 USD
CY2013 us-gaap Accretion Expense
AccretionExpense
79000000 USD
CY2014 us-gaap Accretion Expense
AccretionExpense
77000000 USD
CY2015 us-gaap Accretion Expense
AccretionExpense
78000000 USD
us-gaap Accretion Of Discount
AccretionOfDiscount
701000000 USD
CY2014 us-gaap Accretion Of Discount
AccretionOfDiscount
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
AccrualForEnvironmentalLossContingencies
1167000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1174000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1215000000 USD
CY2013 us-gaap Accrual For Environmental Loss Contingencies Increase Decrease For Revision In Estimates
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-77000000 USD
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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-3000000 USD
CY2013 us-gaap Accrual For Environmental Loss Contingencies Payments
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130000000 USD
CY2014 us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
80000000 USD
CY2015 us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
67000000 USD
CY2013 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
73000000 USD
CY2014 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
16000000 USD
CY2015 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
33000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due After Fifth Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueAfterFifthYear
1800000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due In Fifth Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueInFifthYear
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
AccrualForEnvironmentalLossContingenciesUndiscountedDueInThirdYear
104000000 USD
CY2015Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due Within One Year
AccrualForEnvironmentalLossContingenciesUndiscountedDueWithinOneYear
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
CY2013Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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1046000000 USD
CY2014Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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1069000000 USD
CY2015Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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1115000000 USD
CY2014Q4 us-gaap Accrued Income Taxes Current
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318000000 USD
CY2015Q4 us-gaap Accrued Income Taxes Current
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CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-4000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-5000000 USD
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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-6000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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507000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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410000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
548000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
507000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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5000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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10000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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10000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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10000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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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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CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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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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6000000 USD
CY2015 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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153000000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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98000000 USD
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
AllocatedShareBasedCompensationExpense
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CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
128000000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
95000000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
106000000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
64000000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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53000000 USD
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1000000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000000 shares
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1135000000 USD
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2319000000 USD
CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2747000000 USD
CY2015Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2774000000 USD
CY2013 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
95000000 USD
CY2014 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
116000000 USD
CY2015 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
131000000 USD
CY2013 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
97000000 USD
CY2014 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
101000000 USD
CY2015 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
132000000 USD
CY2013Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
107000000 USD
CY2014Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
189000000 USD
CY2015Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
172000000 USD
CY2013 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
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CY2014 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
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CY2015 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
-3000000 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
45000000 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
429000000 USD
CY2015 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
97000000 USD
CY2013 us-gaap Asset Retirement Obligation Revision Of Estimate
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115000000 USD
CY2014 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
56000000 USD
CY2015 us-gaap Asset Retirement Obligation Revision Of Estimate
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2212000000 USD
CY2014Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2558000000 USD
CY2015Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2602000000 USD
CY2013Q4 us-gaap Assets
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CY2014Q4 us-gaap Assets
Assets
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CY2015Q4 us-gaap Assets
Assets
46577000000 USD
CY2014Q4 us-gaap Assets Current
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9045000000 USD
CY2015Q4 us-gaap Assets Current
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CY2013Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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4600000000 USD
CY2014Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
4800000000 USD
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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4900000000 USD
CY2014Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
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CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
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744000000 USD
CY2014Q4 us-gaap Available For Sale Securities Noncurrent
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46000000 USD
CY2015Q4 us-gaap Available For Sale Securities Noncurrent
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47000000 USD
CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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2.71
CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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2.70
CY2013 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
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3626000000 USD
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2013 us-gaap Business Acquisitions Pro Forma Revenue
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23075000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
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1291000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Marketable Securities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarketableSecurities
0 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
1080000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
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3917000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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6981000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Long Term Debt
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11251000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
1061000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
394000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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262000000 USD
CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
8919000000 USD
CY2013 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
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128000000 USD
CY2014 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
0 USD
CY2015 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
0 USD
CY2015Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
1850000000 shares
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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1357000000 USD
CY2014Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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7360000000 USD
CY2015Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
22276000000 USD
CY2013 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
3078000000 USD
CY2014 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
1452000000 USD
CY2015 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
301000000 USD
CY2015Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
4831000000 USD
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
13829000000 USD
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
16547000000 USD
CY2015Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
24538000000 USD
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
12472000000 USD
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
9187000000 USD
CY2015Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
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2262000000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3569000000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1908000000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
317000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
195000000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1720000000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-240000000 USD
CY2013 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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0 USD
CY2014 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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0 USD
CY2015 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
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-2000000 USD
CY2013 us-gaap Common Stock Dividends Per Share Declared
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2.25
CY2014 us-gaap Common Stock Dividends Per Share Declared
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1.25
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2605
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2015Q4 us-gaap Common Stock Shares Authorized
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CY2014Q4 us-gaap Common Stock Shares Issued
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CY2014Q4 us-gaap Common Stock Value
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CY2015Q4 us-gaap Common Stock Value
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CY2014 us-gaap Comprehensive Income Net Of Tax
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CY2015 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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3539000000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2013 us-gaap Cost Of Goods Sold
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CY2014 us-gaap Cost Of Goods Sold
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CY2015 us-gaap Cost Of Goods Sold
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27415000000 USD
CY2013 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
2551000000 USD
CY2014 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
3635000000 USD
CY2015 us-gaap Cost Of Goods Sold Depreciation Depletion And Amortization
CostOfGoodsSoldDepreciationDepletionAndAmortization
3240000000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
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CY2014 us-gaap Costs And Expenses
CostsAndExpenses
20299000000 USD
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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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
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
854000000 USD
CY2014 us-gaap Costs Incurred Development Costs
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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
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CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2015 us-gaap Current Federal Tax Expense Benefit
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89000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-160000000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1285000000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-69000000 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
-34000000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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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
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1323000000 USD
CY2015 us-gaap Decrease Due To Sales Of Minerals In Place
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0 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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616000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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3403000000 USD
CY2014Q4 us-gaap Deferred Finance Costs Net
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121000000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
811000000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3394000000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
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CY2015Q4 us-gaap Deferred Income Tax Liabilities
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5749000000 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
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
154000000 USD
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CY2015Q4 us-gaap Deferred Tax Assets Gross
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3352000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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2145000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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590000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
621000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
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702000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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477000000 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
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1552000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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422000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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521000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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1029000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1166000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
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2434000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q4 us-gaap Deferred Tax Liabilities
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5613000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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3604000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
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CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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3607000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
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185000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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55000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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4581000000 USD
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4839000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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855000000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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126000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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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
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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
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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
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2797000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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3863000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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3497000000 USD
CY2014Q4 us-gaap Derivative Assets
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330000000 USD
CY2015Q4 us-gaap Derivative Assets
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14000000 USD
CY2014Q4 us-gaap Derivative Liabilities
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97000000 USD
CY2015Q4 us-gaap Derivative Liabilities
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86000000 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.20
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.11
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.01
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.20
CY2014 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.11
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.01
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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4124000000 USD
CY2013 us-gaap Dividends Common Stock Cash
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2315000000 USD
CY2014 us-gaap Dividends Common Stock Cash
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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
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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
EarningsPerShareBasic
2.65
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2015 us-gaap Earnings Per Share Basic
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-11.31
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
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0.49
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.46
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
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0.53
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
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-2.75
CY2014 us-gaap Earnings Per Share Basic And Diluted
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-1.26
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
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-2.38
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
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-1.78
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
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-3.58
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
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-3.47
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.31
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.31
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.28
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
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-0.04
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.21
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.03
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.09
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.00
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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1000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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1000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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90000000 USD
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
0.33
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
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-0.75
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
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0.00
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.03
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
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
-0.20
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
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-0.01
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.14
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
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0.02
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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-0.17
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.02
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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13000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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23000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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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
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CY2014 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
3000000 USD
CY2014Q3 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
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0.02
CY2014Q4 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
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CY2015 us-gaap Fair Value Inputs Discount Rate
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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
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5000000 USD
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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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
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
FiniteLivedIntangibleAssetsAccumulatedAmortization
61000000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-38000000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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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
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
6480000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
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
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
0 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
14712000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
9578000000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
1638000000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
12774000000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
10991000000 USD
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
GainLossOnDerivativeInstrumentsNetPretax
504000000 USD
CY2015 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
87000000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2014Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
46000000 USD
CY2014Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
671000000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
717000000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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
GainsLossesOnExtinguishmentOfDebt
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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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1938000000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1700000000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1717000000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1717000000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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
us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2013 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
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
CY2015Q3 us-gaap Impairment Of Oil And Gas Properties
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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
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2455000000 USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2013 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
576000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
358000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
27000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1119000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3271000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2173000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
461000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4390000000 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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-800000000 USD
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 Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3053000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
565000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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582000000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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634000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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0.46
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.43
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.51
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-2.78
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.37
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-2.40
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.78
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.37
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-3.59
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-3.46
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-11.32
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.45
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-11.32
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.44
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.37
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-11.32
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
388000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
61000000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
78000000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
70000000 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
68000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
277000000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
41000000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
29000000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
25000000 USD
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
91000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
185000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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34000000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
45000000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
48000000 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
38000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
165000000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
26000000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
26000000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
16000000 USD
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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11000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
79000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
203000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
112000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
12000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.11
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1340000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
225000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
190000000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
150000000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
69000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
12000000 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
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
280000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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4945000000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
223000000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
263000000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
186000000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
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CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-16000000 USD
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-8000000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
22000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
79000000 USD
CY2013 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
306000000 USD
CY2014 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
161000000 USD
CY2015 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
193000000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
43000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
116000000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
105000000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
96000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
136000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
228000000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
1300000000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
1500000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
893000000 USD
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1275000000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1341000000 USD
CY2014Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
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us-gaap Increase Decrease In Estimated Future Development Costs
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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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us-gaap Increase Due To Purchases Of Minerals In Place
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30000000 USD
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0 USD
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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 Results Of Operations Revenue From Oil And Gas Producing Activities
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us-gaap Revisions Of Previous Quantity Estimates
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us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
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34.10
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P4Y0M
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15000000 USD
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28000000 USD
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912000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
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184000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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3900000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
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482000000 USD
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 style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="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 style="width:52%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="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;">2,747</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;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,319</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</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;">1,135</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;">97</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;">429</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 style="font-family:Arial;font-size:9pt;">Settlements and revisions to cash flow estimates, net</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;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;">56</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;">115</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;">116</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;">(132</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;">(101</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;">(97</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;">2,774</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;">2,747</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;">2,319</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;">(189</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;">(107</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;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,602</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</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;">2,558</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;">2,212</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 style="width:23%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="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" 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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;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">187</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$</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;">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 style="width:22%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="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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