Freeportmcmoran Inc (FCX) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Changes in these deferrals attributable to variability in intercompany volumes resulted in net reductions to operating income totaling $4 million ($4 million to net loss attributable to common stock) in third-quarter 2019, $40 million ($24 million to net income attributable to common stock) in third-quarter 2018, $24 million ($20 million to net loss attributable to common stock) for the first nine months of 2019 and $13 million ($4 million to net income attributable to common stock) for the first nine months of 2018.

d. Includes net (losses) gains on sales of assets totaling $(12) million ($(12) million to net loss attributable to common stock or $(0.01) per share) in third-quarter 2019, $70 million ($70 million to net income attributable to common stock or $0.05 per share) in third-quarter 2018, $13 million ($13 million to net loss attributable to common stock or $0.01 per share) for the first nine months of 2019 and $126 million ($126 million to net income attributable to common stock or $0.09 per share) for the first nine months of 2018, associated with sales of oil and gas assets, including adjustments to the estimated fair value of contingent consideration related to the 2016 sale of onshore California oil and gas properties (refer to Note 7).