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Subsequent Events (Unaudited) | 6 Months Ended
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Jun. 30, 2013
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS During July 2013, the enhanced "make-whole" conversion rates triggered by FCX's acquisition of MMR expired on MMR's (i) 4% Convertible Senior Notes due 2017 (4% Senior Notes) on July 18, 2013, (ii) 8% Convertible Perpetual Preferred Stock (8% Preferred Stock) on July 9, 2013, and (iii) 5.75% Convertible Perpetual Preferred Stock, Series 1 (5.75% Preferred Stock) on July 9, 2013. A summary of the conversion activity follows (in millions):
|  | 4% |  | 8% |  | 5.75% |
|  | Senior |  | Preferred |  | Preferred |
|  | Notes |  | Stock |  | Stock |
Acquisition-date (June 3, 2013) fair value |  | $ | 237 |  |  | $ | 30 |  |  | $ | 229 |  |
Less July 2013 conversions |  | 26 |  |  | — |  |  | 29 |  |
Less June 2013 conversions |  | 211 |  |  | 29 |  | a | 200 |  | a
Remaining balance at make-whole expiration dates |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |
Royalty trust units issued upon conversions: |  |  |  |  |  |  |
July 2013 conversions |  | 1.8 |  |  | — |  |  | 2.0 |  |
June 2013 conversions |  | 14.5 |  |  | 2.0 |  | a | 13.7 |  | a
Total |  | 16.3 |  |  | 2.0 |  |  | 15.7 |  |
a. | Conversions of preferred stock in June 2013 included cash consideration of $202 million and royalty trust units with a value of $27 million.
During July 2013, the put rights triggered by FCX's acquisition of MMR expired on MMR's 5¼% Convertible Senior Notes due 2013 after the tender of $1.0 million of these notes. FCX evaluated events after June 30, 2013, and through the date the consolidated financial statements were issued, and determined any events or transactions occurring during this period that would require recognition or disclosure are appropriately addressed in these consolidated financial statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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