Dividends payable

[Table of](#i43d04c9d26874e33802bdf64c458414a_7) [C](#i43d04c9d26874e33802bdf64c458414a_7)[ontents](#i43d04c9d26874e33802bdf64c458414a_7)Freeport-McMoRan Inc.CONSOLIDATED BALANCE SHEETS

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | December 31, |
|   | 2021 |  | 2020 |
|   | (In millions, except par value) |
| ASSETS |   |  |   |
| Current assets: |   |  |   |
| Cash and cash equivalents | $ | 8,068  |  |  | $ | 3,657  |  |
| Trade accounts receivable | 1,168  |  |  | 892  |  |
| Income and other tax receivables | 574  |  |  | 520  |  |
|  |  |  |  |
| Inventories: |   |  |   |
| Materials and supplies, net | 1,669  |  |  | 1,594  |  |
| Mill and leach stockpiles | 1,170  |  |  | 1,014  |  |
| Product | 1,658  |  |  | 1,285  |  |
| Other current assets | 523  |  |  | 341  |  |
|  |  |  |  |
| Total current assets | 14,830  |  |  | 9,303  |  |
| Property, plant, equipment and mine development costs, net  | 30,345  |  |  | 29,818  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Long-term mill and leach stockpiles | 1,387  |  |  | 1,463  |  |
|  |  |  |  |
|  |  |  |  |
| Other assets | 1,460  |  |  | 1,560  |  |
|  |  |  |  |
| Total assets | $ | 48,022  |  |  | $ | 42,144  |  |
|  |  |  |  |
| LIABILITIES AND EQUITY |   |  |   |
| Current liabilities: |   |  |   |
| Accounts payable and accrued liabilities | $ | 3,495  |  |  | $ | 2,708  |  |
| Accrued income taxes | 1,541  |  |  | 324  |  |
| Current portion of debt | 372  |  |  | 34  |  |
| Current portion of environmental and asset retirement obligations | 264  |  |  | 351  |  |
| Dividends payable | 220  |  |  | —  |  |
|  |  |  |  |
|  |  |  |  |
| Total current liabilities | 5,892  |  |  | 3,417  |  |
| Long-term debt, less current portion | 9,078  |  |  | 9,677  |  |
| Deferred income taxes | 4,234  |  |  | 4,408  |  |
| Environmental and asset retirement obligations, less current portion | 4,116  |  |  | 3,705  |  |
| Other liabilities | 1,683  |  |  | 2,269  |  |
|  |  |  |  |
| Total liabilities | 25,003  |  |  | 23,476  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Equity: |   |  |   |
| Stockholders’ equity: |   |  |   |
| Common stock, par value $0.10, 1,603 shares and 1,590 shares issued, respectively | 160  |  |  | 159  |  |
| Capital in excess of par value | 25,875  |  |  | 26,037  |  |
| Accumulated deficit | (7,375) |  |  | (11,681) |  |
| Accumulated other comprehensive loss | (388) |  |  | (583) |  |
| Common stock held in treasury - 146 shares and 132 shares, respectively, at cost | (4,292) |  |  | (3,758) |  |
| Total stockholders’ equity | 13,980  |  |  | 10,174  |  |
| Noncontrolling interests | 9,039  |  |  | 8,494  |  |
| Total equity | 23,019  |  |  | 18,668  |  |
| Total liabilities and equity | $ | 48,022  |  |  | $ | 42,144  |  |

The accompanying Notes to Consolidated Financial Statements are an integral part of these consolidated financial statements.116
