XML 67 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Guarantor Financial Statements (Unaudited) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2013
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2013 (In millions)
| FCX |  | FM O&G |  | Non-guarantor |  |  |  | Consolidated
| Parent |  | Parent |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 59 |  |  | $ | 3,235 |  |  | $ | — |  |  | $ | 3,294 |
Accounts receivable | 4,453 |  |  | 1,312 |  |  | 1,487 |  |  | (5,373 | ) |  | 1,879 |
Inventories | — |  |  | 20 |  |  | 4,926 |  |  | — |  |  | 4,946 |
Other current assets | 101 |  |  | 80 |  |  | 278 |  |  | — |  |  | 459 |
Total current assets | 4,554 |  |  | 1,471 |  |  | 9,926 |  |  | (5,373 | ) |  | 10,578 |
Property, plant, equipment and |  |  |  |  |  |  |  |  |
development costs, net | 29 |  |  | 8,730 |  |  | 37,455 |  |  | — |  |  | 46,214 |
Investment in consolidated subsidiaries | 30,372 |  |  | 7,442 |  |  | 84 |  |  | (37,898 | ) |  | — |
Goodwill | — |  |  | 454 |  |  | 1,450 |  |  | — |  |  | 1,904 |
Other assets | 4,020 |  |  | 4,027 |  |  | 4,337 |  |  | (7,923 | ) |  | 4,461 |
Total assets | $ | 38,975 |  |  | $ | 22,124 |  |  | $ | 53,252 |  |  | $ | (51,194 | ) |  | $ | 63,157 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,898 |  |  | $ | 2,102 |  |  | $ | 6,983 |  |  | $ | (5,373 | ) |  | $ | 5,610 |
Long-term debt, less current portion | 13,484 |  |  | 10,282 |  |  | 6,489 |  |  | (9,113 | ) |  | 21,142 |
Deferred income taxes a | 3,709 |  |  | — |  |  | 3,131 |  |  | — |  |  | 6,840 |
Reclamation and environmental obligations, |  |  |  |  |  |  |  |  |
less current portion | — |  |  | 275 |  |  | 2,831 |  |  | — |  |  | 3,106 |
Other liabilities | 6 |  |  | 65 |  |  | 1,739 |  |  | — |  |  | 1,810 |
Total liabilities | 19,097 |  |  | 12,724 |  |  | 21,173 |  |  | (14,486 | ) |  | 38,508 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 782 |  |  | — |  |  | 782 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 19,878 |  |  | 9,400 |  |  | 27,464 |  |  | (36,864 | ) |  | 19,878 |
Noncontrolling interests | — |  |  | — |  |  | 3,833 |  |  | 156 |  |  | 3,989 |
Total equity | 19,878 |  |  | 9,400 |  |  | 31,297 |  |  | (36,708 | ) |  | 23,867 |
Total liabilities and equity | $ | 38,975 |  |  | $ | 22,124 |  |  | $ | 53,252 |  |  | $ | (51,194 | ) |  | $ | 63,157 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
Condensed Consolidating Statements of Income [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF INCOME Three and Six Months Ended June 30, 2013 (In millions)
Three Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G |  | Non-guarantor |  |  |  | Consolidated
| Parent |  | Parent |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 162 |  |  | $ | 4,126 |  |  | $ | — |  |  | $ | 4,288 |
Cost of sales | 1 |  |  | 126 |  |  | 3,256 |  |  | — |  |  | 3,383 |
Other operating costs and expenses | 75 |  |  | 9 |  |  | 182 |  |  | — |  |  | 266 |
Total costs and expenses | 76 |  |  | 135 |  |  | 3,438 |  |  | — |  |  | 3,649 |
Operating (loss) income | (76 | ) |  | 27 |  |  | 688 |  |  | — |  |  | 639 |
Interest expense, net | (92 | ) |  | (12 | ) |  | (39 | ) |  | 11 |  |  | (132 | )
Gain on investment in MMR | 128 |  |  | — |  |  | — |  |  | — |  |  | 128 |
Other income (expense), net | 11 |  |  | — |  |  | 13 |  |  | (11 | ) |  | 13 |
(Loss) income before income taxes and equity |  |  |  |  |  |  |  |  |
in affiliated companies' net earnings (losses) | (29 | ) |  | 15 |  |  | 662 |  |  | — |  |  | 648 |
Benefit from (provision for) income taxes | 35 |  |  | (5 | ) |  | (70 | ) |  | — |  |  | (40 | )
Equity in affiliated companies' net earnings (losses) | 476 |  |  | 20 |  |  | (3 | ) |  | (491 | ) |  | 2 |
Net income (loss) | 482 |  |  | 30 |  |  | 589 |  |  | (491 | ) |  | 610 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (133 | ) |  | 5 |  |  | (128 | )
Net income (loss) attributable to FCX |  |  |  |  |  |  |  |  |
common stockholders | $ | 482 |  |  | $ | 30 |  |  | $ | 456 |  |  | $ | (486 | ) |  | $ | 482 |
Six Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G |  | Non-guarantor |  |  |  | Consolidated
| Parent |  | Parent |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 162 |  |  | $ | 8,709 |  |  | $ | — |  |  | $ | 8,871 |
Cost of sales | 3 |  |  | 126 |  |  | 6,304 |  |  | (2 | ) |  | 6,431 |
Other operating costs and expenses | 92 |  |  | 9 |  |  | 343 |  |  | 2 |  |  | 446 |
Total costs and expenses | 95 |  |  | 135 |  |  | 6,647 |  |  | — |  |  | 6,877 |
Operating (loss) income | (95 | ) |  | 27 |  |  | 2,062 |  |  | — |  |  | 1,994 |
Interest expense, net | (128 | ) |  | (12 | ) |  | (64 | ) |  | 15 |  |  | (189 | )
Losses on early extinguishment of debt | (45 | ) |  | — |  |  | — |  |  | — |  |  | (45 | )
Gain on investment in MMR | 128 |  |  | — |  |  | — |  |  | — |  |  | 128 |
Other income (expense), net | 15 |  |  | — |  |  | 10 |  |  | (15 | ) |  | 10 |
(Loss) income before income taxes and equity |  |  |  |  |  |  |  |  |
in affiliated companies' net earnings (losses) | (125 | ) |  | 15 |  |  | 2,008 |  |  | — |  |  | 1,898 |
Benefit from (provision for) income taxes | 26 |  |  | (5 | ) |  | (489 | ) |  | — |  |  | (468 | )
Equity in affiliated companies' net earnings (losses) | 1,229 |  |  | 20 |  |  | (46 | ) |  | (1,199 | ) |  | 4 |
Net income (loss) | 1,130 |  |  | 30 |  |  | 1,473 |  |  | (1,199 | ) |  | 1,434 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (292 | ) |  | (12 | ) |  | (304 | )
Net income (loss) attributable to FCX |  |  |  |  |  |  |  |  |
common stockholders | $ | 1,130 |  |  | $ | 30 |  |  | $ | 1,181 |  |  | $ | (1,211 | ) |  | $ | 1,130 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Six Months Ended June 30, 2013 (In millions)
| FCX |  | FM O&G |  | Non-guarantor |  |  |  | Consolidated
| Parent |  | Parent |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 1,130 |  |  | $ | 30 |  |  | $ | 1,473 |  |  | $ | (1,199 | ) |  | $ | 1,434 |
Adjustments to reconcile net income (loss) to net |  |  |  |  |  |  |  |  |
cash provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 2 |  |  | 79 |  |  | 772 |  |  | 6 |  |  | 859 |
Losses on early extinguishment of debt | 45 |  |  | — |  |  | — |  |  | — |  |  | 45 |
Gain on investments in MMR | (128 | ) |  | — |  |  | — |  |  | — |  |  | (128 | )
Equity in earnings of consolidated subsidiaries | (1,140 | ) |  | (20 | ) |  | 5 |  |  | 1,155 |  |  | — |
Other, net | 43 |  |  | 29 |  |  | (260 | ) |  | 38 |  |  | (150 | )
(Increases) decreases in working capital and other tax |  |  |  |  |  |  |  |  |
payments, excluding amounts from the acquisitions: |  |  |  |  |  |  |  |  |
Accounts receivable, inventories and other current assets | (2 | ) |  | 32 |  |  | 22 |  |  | 196 |  |  | 248 |
Accounts payable, accrued liabilities and accrued |  |  |  |  |  |  |  |  |
income taxes and other tax payments | 144 |  |  | (1 | ) |  | (295 | ) |  | (291 | ) |  | (443 | )
Net cash provided by (used in) operating activities | 94 |  |  | 149 |  |  | 1,717 |  |  | (95 | ) |  | 1,865 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (151 | ) |  | (1,817 | ) |  | (10 | ) |  | (1,978 | )
Acquisitions, net of cash acquired | (5,437 | ) |  | — |  |  | (321 | ) |  | 344 |  |  | (5,414 | )
Other, net | (5 | ) |  | — |  |  | (259 | ) |  | — |  |  | (264 | )
Net cash (used in) provided by investing activities | (5,442 | ) |  | (151 | ) |  | (2,397 | ) |  | 334 |  |  | (7,656 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 10,885 |  |  | — |  |  | 136 |  |  | — |  |  | 11,021 |
Repayments of debt | (4,050 | ) |  | (415 | ) |  | (76 | ) |  | — |  |  | (4,541 | )
Intercompany loans | (476 | ) |  | 476 |  |  | 344 |  |  | (344 | ) |  | — |
Cash dividends paid: |  |  |  |  |  |  |  |  |
Common stock | (595 | ) |  | — |  |  | (104 | ) |  | 104 |  |  | (595 | )
Noncontrolling interests | — |  |  | — |  |  | (90 | ) |  | — |  |  | (90 | )
Other, net | (416 | ) |  | — |  |  | — |  |  | 1 |  |  | (415 | )
Net cash provided by (used in) financing activities | 5,348 |  |  | 61 |  |  | 210 |  |  | (239 | ) |  | 5,380 |
Net increase (decrease) in cash and cash equivalents | — |  |  | 59 |  |  | (470 | ) |  | — |  |  | (411 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 3,705 |  |  | — |  |  | 3,705 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 59 |  |  | $ | 3,235 |  |  | $ | — |  |  | $ | 3,294 |

X
- Definition Condensed Consolidating Balance Sheets [Table Text Block] + References No definition available. + Details
Name: | fcx_CondensedConsolidatingBalanceSheetsTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Consolidating Statements of Cash Flows [Table Text Block] + References No definition available. + Details
Name: | fcx_CondensedConsolidatingStatementsofCashFlowsTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Consolidating Statements of Income [Table Text Block] + References No definition available. + Details
Name: | fcx_CondensedConsolidatingStatementsofIncomeTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | fcx_GuarantorFinancialStatementsAbstract
Namespace Prefix: | fcx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration