Financial Information by Business Segment (In millions) Atlantic Corporate, North America Copper Mines South America Mining Copper Other Cerro Indonesia Molybdenum Rod &amp; Smelting &amp; Elimi- FCX Morenci Bagdad Other Total Verde Other Total Mining Mines Refining &amp; Refining nations Total Three Months Ended September 30, 2020 Revenues: Unaffiliated customers $ 4 $  $ 12 $ 16 $ 632 $ 108 $ 740 $ 1,023 a $  $ 1,270 $ 536 $ 266 b $ 3,851 Intersegment 584 207 430 1,221 66  66 3 42 8 3 (1,343)  Production and delivery 308 123 337 768 394 83 477 409 51 1,272 522 (1,034) 2,465 Depreciation, depletion and amortization 42 14 35 91 92 13 105 150 13 6 8 21 394 Metals inventory adjustments   (4) (4)     3 2  8 9 Selling, general and administrative expenses 1   1 2  2 25   5 39 72 Mining exploration and research expenses            8 8 Environmental obligations and shutdown costs   (3) (3)        24 21 Net loss on sales of assets            2 2 Operating income (loss) 237 70 77 384 210 12 222 442 (25) (2) 4 (145) 880 Interest expense, net     21  21     99 120 Provision for (benefit from) income taxes     105 4 109 211    (23) 297 Total assets at September 30, 2020 2,654 785 4,352 7,791 8,569 1,640 10,209 17,098 1,770 251 877 3,103 41,099 Capital expenditures 21 7 38 66 26 5 31 325 3 1 6 4 436 Three Months Ended September 30, 2019 Revenues: Unaffiliated customers $ 61 $  $ 19 $ 80 $ 504 $ 117 $ 621 $ 488 a $  $ 1,104 $ 437 $ 423 b $ 3,153 Intersegment 462 209 389 1,060 65  65  90 8  (1,223)  Production and delivery 377 140 379 896 417 111 528 399 85 1,111 421 (770) 2,670 Depreciation, depletion and amortization 45 12 34 91 93 16 109 77 16 2 7 20 322 Metals inventory adjustments 1  37 38 2  2  1    41 Selling, general and administrative expenses 1 1  2 2  2 31   5 61 101 Mining exploration and research expenses            25 25 Environmental obligations and shutdown costs            20 20 Net loss on sales of assets            12 12 Operating income (loss) 99 56 (42) 113 55 (10) 45 (19) (12) (1) 4 (168) (38) Interest expense, net   1 1 25  25 1   5 91 123 Provision for (benefit from) income taxes     29 4 33 (8)   (1) 67 91 Total assets at September 30, 2019 2,943 769 4,236 7,948 8,500 1,723 10,223 16,447 1,786 236 680 3,623 40,943 Capital expenditures 61 42 121 224 61 7 68 334 5 1 9 25 666 a. Includes PT-FI's sales to PT Smelting totaling $506 million in third-quarter 2020 and $475 million in third-quarter 2019. b. Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North America and South America copper mines. (In millions) Atlantic Corporate, North America Copper Mines South America Mining Copper Other Other Cerro Other Indonesia Molybdenum Rod &amp; Smelting &amp; Elimi- FCX Morenci Bagdad Mines Total Verde Mines Total Mining Mines Refining &amp; Refining nations Total Nine Months Ended September 30, 2020 Revenues: Unaffiliated customers $ 26 $  $ 35 $ 61 $ 1,479 $ 312 $ 1,791 $ 2,151 a $  $ 3,491 $ 1,429 $ 780 b $ 9,703 Intersegment 1,473 532 1,144 3,149 156  156 38 171 24 16 (3,554)  Production and delivery 1,005 367 1,043 2,415 1,152 297 1,449 1,130 178 3,529 1,379 (2,676) 7,404 Depreciation, depletion and amortization 129 41 102 272 273 42 315 375 44 14 22 51 1,093 Metals inventory adjustments 4  48 52  3 3  8 3  26 92 Selling, general and administrative expenses 2  1 3 5  5 81   15 169 273 Mining exploration and research expenses   2 2        40 42 Environmental obligations and shutdown costs   (3) (3)      1  60 58 Net loss on sales of assets            13 13 Operating income (loss) 359 124 (14) 469 205 (30) 175 603 (59) (32) 29 (457) 728 Interest expense, net 2   2 69  69 2   4 285 362 Provision for (benefit from) income taxes     82 (6) 76 302   1 (46) 333 Capital expenditures 92 44 262 398 116 40 156 959 14 5 17 24 1,573 Nine Months Ended September 30, 2019 Revenues: Unaffiliated customers $ 89 $  $ 183 $ 272 $ 1,793 $ 343 $ 2,136 $ 1,776 a $  $ 3,403 $ 1,554 $ 1,350 b $ 10,491 Intersegment 1,411 591 1,020 3,022 262  262 57 290 18 5 (3,654)  Production and delivery 1,020 388 1,055 2,463 1,311 337 1,648 1,509 234 3,415 1,488 (2,158) 8,599 Depreciation, depletion and amortization 128 33 100 261 294 48 342 281 50 7 21 59 1,021 Metals inventory adjustments 1  38 39 2  2  1   58 100 Selling, general and administrative expenses 2 1 1 4 6  6 91   15 184 300 Mining exploration and research expenses   1 1        82 83 Environmental obligations and shutdown costs            85 85 Net gain on sales of assets            (13) (13) Operating income (loss) 349 169 8 526 442 (42) 400 (48) 5 (1) 35 (601) 316 Interest expense, net 2  1 3 79  79 2   17 300 401 Provision for (benefit from) income taxes     159 (10) 149 (9)   2 39 181 Capital expenditures 172 100 369 641 160 16 176 992 11 3 18 76 1,917 a. Includes PT-FI's sales to PT Smelting totaling $1.3 billion for the first nine months of 2020 and $1.4 billion for the first nine months of 2019. b. Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North America and South America copper mines.