Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Freeport-McMoRan Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	2,789)	2,466)	2,701)	2,035)	1,473)
Salaries, wages and other compensation	361)	343)	329)	334)	312)
Accrued interest	135)	146)	218)	203)	243)
Pension, postretirement, postemployment and other employee benefits	128)	129)	143)	190)	91)
Short-term operating lease liabilities	98)	84)	38)	38)	38)
Deferred revenue	91)	161)	76)	191)	65)
Accrued taxes, other than income taxes	81)	88)	75)	64)	76)
Community development programs	75)	58)	60)	—)	—)
PT-FI administrative fine	59)	55)	—)	—)	—)
PT-FI contingencies	49)	67)	179)	259)	196)
MIND ID indemnification	49)	—)	—)	—)	—)
Litigation accruals	34)	51)	99)	28)	86)
Other	108)	81)	109)	153)	128)
Accounts payable and accrued liabilities	4,057)	3,729)	4,027)	3,495)	2,708)
Accrued income taxes	859)	786)	744)	1,541)	324)
Current portion of environmental and asset retirement obligations	320)	316)	320)	264)	351)
Dividends payable	219)	218)	217)	220)	—)
Current portion of debt	41)	766)	1,037)	372)	34)
Current liabilities	5,496)	5,815)	6,345)	5,892)	3,417)
Long-term debt, less current portion	8,907)	8,656)	9,583)	9,078)	9,677)
Environmental and asset retirement obligations, less current portion	5,404)	4,624)	4,463)	4,116)	3,705)
Deferred income taxes	4,376)	4,453)	4,269)	4,234)	4,408)
Long-term operating lease liabilities	692)	347)	294)	281)	190)
Pension, postretirement, postemployment and other employment benefits	689)	704)	775)	845)	1,213)
Litigation accruals	163)	163)	109)	131)	110)
Provision for tax positions	136)	174)	161)	232)	261)
Social investment programs	111)	79)	36)	—)	—)
Indemnification of MIND ID	—)	75)	74)	78)	42)
Cerro Verde royalty dispute	—)	—)	—)	—)	376)
Other	96)	106)	113)	116)	77)
Other liabilities	1,887)	1,648)	1,562)	1,683)	2,269)
Noncurrent liabilities	20,574)	19,381)	19,877)	19,111)	20,059)
Total liabilities	26,070)	25,196)	26,222)	25,003)	23,476)
Common stock, par value $0.10	162)	162)	161)	160)	159)
Capital in excess of par value	23,797)	24,637)	25,322)	25,875)	26,037)
Accumulated deficit	(170)	(2,059)	(3,907)	(7,375)	(11,681)
Accumulated other comprehensive loss	(314)	(274)	(320)	(388)	(583)
Common stock held in treasury, at cost	(5,894)	(5,773)	(5,701)	(4,292)	(3,758)
Stockholders’ equity	17,581)	16,693)	15,555)	13,980)	10,174)
Noncontrolling interests	11,197)	10,617)	9,316)	9,039)	8,494)
Total equity	28,778)	27,310)	24,871)	23,019)	18,668)
Total liabilities and equity	54,848)	52,506)	51,093)	48,022)	42,144)

Based on: 10-K (reporting date: 2024-12-31), 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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Freeport-McMoRan Inc. current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Freeport-McMoRan Inc. noncurrent liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Freeport-McMoRan Inc. total liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Freeport-McMoRan Inc. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

Freeport-McMoRan Inc. (NYSE:FCX)

Balance Sheet: Liabilities and Stockholders’ Equity