Proceeds from (Repayments of) Debt

[Table of Contents](#i43d04c9d26874e33802bdf64c458414a_7)Senior Notes. In December 2021, FCX redeemed all of its outstanding $524 million aggregate principal amount of 3.55% Senior Notes due 2022, at a redemption price equal to 100 percent of the principal amount of the notes outstanding, plus accrued and unpaid interest.   
In July 2020, FCX completed the sale of $650 million of 4.375% Senior Notes due 2028 and $850 million of 4.625% Senior Notes due 2030 for proceeds, net of underwriting fees, totaling $1.485 billion. Interest on these senior notes is payable semiannually on February 1 and August 1 of each year. FCX used $1.4 billion of the net proceeds from this offering to purchase a portion of its outstanding 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024, and the payment of accrued and unpaid interest, premiums, fees and expenses in connection with these transactions. The remaining net proceeds from this offering were used for general corporate purposes.  
In March 2020, FCX completed the sale of $700 million of 4.125% Senior Notes due 2028 and $600 million of 4.25% Senior Notes due 2030 for proceeds, net of underwriting fees, totaling $1.285 billion. Interest on these senior notes is payable semiannually on March 1 and September 1 of each year. FCX used a portion of the net proceeds from this offering to purchase a portion of its 4.00% Senior Notes due 2021 and its 3.55% Senior Notes due 2022 and the payment of accrued and unpaid interest, premiums, fees and expenses in connection with these transactions. In April 2020, FCX used the remaining net proceeds to fund the make-whole redemption of all of its remaining 4.00% Senior Notes due 2021 and the payment of accrued and unpaid interest, premiums, fees and expenses in connection with the transaction.  
Listed below are the FCX senior notes, redeemed in full or purchased during the three-year period ended December 31, 2021.  


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|  | Principal Amount |  | Net Adjustments |  | Book Value |  | Redemption/Tender Value |  | Loss |
| Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
| FCX 3.55% Senior Notes due 2022 | $ | 524  |  |  | $ | —  |  |  | $ | 524  |  |  | $ | 524  |  |  | $ | —  |  |
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| Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |
| FCX 4.00% Senior Notes due 2021 | $ | 195  |  |  | $ | (1) |  |  | $ | 194  |  |  | $ | 205  |  |  | $ | 11  |  |
| FCX 3.55% Senior Notes due 2022 | 1,356  |  |  | (6) |  |  | 1,350  |  |  | 1,391  |  |  | 41  |  |
| FCX 3.875% Senior Notes due 2023 | 927  |  |  | (4) |  |  | 923  |  |  | 964  |  |  | 41  |  |
| FCX 4.55% Senior Notes due 2024 | 120  |  |  | (1) |  |  | 119  |  |  | 126  |  |  | 7  |  |
| Total | $ | 2,598  |  |  | $ | (12) |  |  | $ | 2,586  |  |  | $ | 2,686  |  |  | $ | 100  |  |



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| Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |
| FCX 3.100% Senior Notes due 2020 | $ | 1,000  |  |  | $ | (2) |  |  | $ | 998  |  |  | $ | 1,003  |  |  | $ | 5  |  |
| FCX 6.875% Senior Notes due 2023 | 728  |  |  | 34  |  |  | 762  |  |  | 768  |  |  | 6  |  |
| FCX 4.00% Senior Notes due 2021 | 405  |  |  | (2) |  |  | 403  |  |  | 418  |  |  | 15  |  |
| FCX 3.55% Senior Notes due 2022 | 12  |  |  | —  |  |  | 12  |  |  | 12  |  |  | —  |  |
| Total | $ | 2,145  |  |  | $ | 30  |  |  | $ | 2,175  |  |  | $ | 2,201  |  |  | $ | 26  |  |

  
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below, at specified redemption prices beginning on the dates stated below, and at 100 percent of principal two years before maturity.   


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| Debt Instrument |  | Date |
| 5.00% Senior Notes due 2027 |  | September 1, 2022 |
| 4.125% Senior Notes due 2028 |  | March 1, 2023 |
| 4.375% Senior Notes due 2028 |  | August 1, 2023 |
| 5.25% Senior Notes due 2029 |  | September 1, 2024 |
| 4.25% Senior Notes due 2030 |  | March 1, 2025 |
| 4.625% Senior Notes due 2030 |  | August 1, 2025 |

  
  
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