DISPOSITIONS AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Dispositions And Acquisitions [Abstract]

Schedule of Disposal

Net income (loss) from discontinued operations in the consolidated statements of operations consists of the following:

	Years Ended December 31,
	2017				2016				2015
Revenuesa	$	13			$	959			$	1,270
Costs and expenses:
Production and delivery costs	—				833				852
Depreciation, depletion and amortization	—				80			b	257
Interest expense allocated from parentc	—				39				28
Other costs and expenses, net	—				10				26
Income (loss) before income taxes and net gain (loss) on disposal	13				(3		)		107
Net gain (loss) on disposal	57			d	(198		)	e	—
Net income (loss) before income taxes	70				(201		)		107
(Provision for) benefit from income taxes	(4		)		8				(16		)
Net income (loss) from discontinued operations	$	66			$	(193	)		$	91

a. In accordance with accounting guidance, amounts are net of recognition (eliminations) of intercompany sales totaling $13 million in 2017, $(157) million in 2016 and $(114) million in 2015.

b. In accordance with accounting guidance, depreciation, depletion and amortization was not recognized subsequent to classification as assets held for sale, which occurred in May 2016.

c. In accordance with accounting guidance, interest associated with FCX’s unsecured bank term loan that was required to be repaid as a result of the sale of TFHL has been allocated to discontinued operations.

d. Includes a gain of $61 millionassociated with the change in the fair value of contingent consideration.

e. Includes a charge of $33 million associated with the settlement agreement entered into with Gécamines, partly offset by a gain of $13 million for the fair value of contingent consideration.

Cash flows from discontinued operations included in the consolidated statements of cash flows follow:

	Years Ended December 31,
		2016			2015
Net cash provided by operating activities		$	241		$	217
Net cash used in investing activities		(73		)	(253		)
Net cash used in financing activities		(123		)	(82		)
Increase (decrease) in cash and cash equivalents		$	45		$	(118	)