Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Freeport-McMoRan Inc., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020		Dec 31, 2019
	Cash and cash equivalents
	Restricted cash and cash equivalents
	Trade accounts receivable
	Income and other tax receivables
	Product
	Materials and supplies, net
	Mill and leach stockpiles
	Inventories
	Other current assets
	Current assets
	Property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets
	Operating lease right-of-use assets
	Long-term mill and leach stockpiles
	Intangible assets
	Legally restricted trust assets
	Disputed tax assessments
	Investments
	Loans to PT Smelting for expansion
	Long-term receivable for taxes
	Prepaid rent and deposits
	Contingent consideration associated with sales of assets
	Long-term employee receivables
	Other
	Other assets
	Noncurrent assets
	Total assets

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Freeport-McMoRan Inc. current assets increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Freeport-McMoRan Inc. property, plant, equipment and mine development costs, net, excluding operating lease right-of-use assets increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Freeport-McMoRan Inc. noncurrent assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Freeport-McMoRan Inc. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items