December 31, | |||||||
2013 | 2012 | ||||||
Legally restricted fundsa | $ | 392 | $ | 163 | |||
Intangible assetsb | 380 | 334 | |||||
Disputed tax assessmentsc | 327 | 177 | |||||
Investments: | |||||||
MMRd | — | 446 | |||||
PT Smeltinge | 71 | 89 | |||||
Available-for-sale securities | 44 | 46 | |||||
Other | 63 | 51 | |||||
Long-term receivable for income tax refunds | 77 | 317 | |||||
Loan to a DRC public electric utility | 152 | 149 | |||||
Debt issue costs | 107 | 26 | |||||
Loan to Gécamines (related party) | 34 | 32 | |||||
Deferred tax assets | 2 | 220 | |||||
Other | 149 | 139 | |||||
Total other assets | $ | 1,798 | $ | 2,189 | |||
a. | Included $210 million (time deposit that secures a bank guarantee) associated with the Cerro Verde royalty dispute and $158 million for AROs related to properties in New Mexico at December 31, 2013, and $161 million for AROs related to properties in New Mexico at December 31, 2012 (refer to Note 12 for further discussion). |
b. | Intangible assets were net of accumulated amortization totaling $57 million at December 31, 2013, and $71 million at December 31, 2012. |
c. | Included Indonesian disputed tax assessments of $255 million at December 31, 2013, and $148 million at December 31, 2012 (refer to Note 12 for further discussion). |
d. | In December 2010, FCX purchased 500,000 shares of MMR’s 5.75% Convertible Perpetual Preferred Stock for an aggregate purchase price of $500 million, which was recorded at cost and subsequently reduced by dividends. On June 3, 2013, FCX acquired MMR (refer to Note 2 for discussion of the acquisition of MMR). |
e. | FCX's 25 percent ownership in PT Smelting (smelter and refinery in Gresik, Indonesia) is recorded using the equity method. Amounts were reduced by unrecognized profits on sales from PT-FI to PT Smelting totaling $58 million at December 31, 2013, and $39 million at December 31, 2012. |