XML 62 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segments (Unaudited) (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Revenues:          
Unaffiliated customers $ 6,165 $ 4,417 $ 15,036 $ 13,497  
Intersegment 0 0 0 0  
Production and delivery 3,332 2,592 8,904 7,642  
Depreciation, depletion and amortization 919 298 1,778 856  
Selling, general and administrative expenses 158 110 457 311  
Mining exploration and research expenses 57 79 173 214  
Environmental obligations and shutdown costs (8) (73) 23 18  
Operating income (loss) 1,707 1,411 3,701 4,456  
Interest expense, net 162 42 351 148  
Provision for income taxes 499 215 967 1,128  
Capital expenditures 1,645 971 3,623 2,518  
Total assets 62,598 34,517 62,598 34,517 35,440
Sales from PT Freeport Indonesia to PT Smelting 458 520 1,200 1,500  
Deferred Foreign Income Tax Expense (Benefit) Associated with Foreign Reinvested Profits   (234)   (234)  
Net income tax benefit resulting from oil and gas acquisitions     (183)    
Mining Operations [Member]
          
Revenues:          
Unaffiliated customers 4,989 4,416 13,521 13,492  
Intersegment 0 0 0 0  
Production and delivery 3,042 2,590 8,517 7,640  
Depreciation, depletion and amortization 353 296 1,038 850  
Selling, general and administrative expenses 45 44 137 130  
Mining exploration and research expenses 55 79 165 214  
Environmental obligations and shutdown costs (8) (69) 23 22  
Operating income (loss) 1,502 1,476 3,641 4,636  
Interest expense, net 24 25 92 81  
Provision for income taxes 400 123 860 841  
Capital expenditures 895 969 2,665 2,525  
Total assets 35,800 32,739 35,800 32,739  
North America Copper Mines [Member]
          
Revenues:          
Unaffiliated customers 245 48 484 177  
Intersegment 1,056 1,267 3,511 4,020  
Production and delivery 807 743 2,459 2,190  
Depreciation, depletion and amortization 102 88 312 274  
Selling, general and administrative expenses 1 1 4 3  
Mining exploration and research expenses 2 1 3 1  
Environmental obligations and shutdown costs 5 0 (1) 0  
Operating income (loss) 384 482 1,218 1,729  
Interest expense, net 0 1 4 1  
Provision for income taxes 0 0 0 0  
Capital expenditures 252 272 795 568  
Total assets 8,649 7,700 8,649 7,700  
Morenci [Member]
          
Revenues:          
Unaffiliated customers 100 39 218 157  
Intersegment 375 456 1,255 1,374  
Production and delivery 287 268 885 803  
Depreciation, depletion and amortization 35 31 105 95  
Selling, general and administrative expenses 0 0 1 1  
Mining exploration and research expenses 0 1 0 1  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 153 195 482 631  
Interest expense, net 0 1 3 1  
Provision for income taxes 0 0 0 0  
Capital expenditures 172 108 529 204  
Total assets 2,915 2,297 2,915 2,297  
Other North America Copper Mines [Member]
          
Revenues:          
Unaffiliated customers 145 9 266 20  
Intersegment 681 811 2,256 2,646  
Production and delivery 520 475 1,574 1,387  
Depreciation, depletion and amortization 67 57 207 179  
Selling, general and administrative expenses 1 1 3 2  
Mining exploration and research expenses 2 0 3 0  
Environmental obligations and shutdown costs 5 0 (1) 0  
Operating income (loss) 231 287 736 1,098  
Interest expense, net 0 0 1 0  
Provision for income taxes 0 0 0 0  
Capital expenditures 80 164 266 364  
Total assets 5,734 5,403 5,734 5,403  
South America Mines [Member]
          
Revenues:          
Unaffiliated customers 1,052 995 2,666 2,848  
Intersegment 87 197 438 614  
Production and delivery 494 530 1,485 1,483  
Depreciation, depletion and amortization 85 74 242 208  
Selling, general and administrative expenses 2 2 5 5  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 558 586 1,372 1,766  
Interest expense, net 0 0 2 5  
Provision for income taxes 194 (16) 472 375  
Capital expenditures 264 267 734 659  
Total assets 10,530 9,936 10,530 9,936  
Cerro Verde [Member]
          
Revenues:          
Unaffiliated customers 434 504 1,035 1,285  
Intersegment 27 71 222 349  
Production and delivery 175 197 535 575  
Depreciation, depletion and amortization 35 39 105 102  
Selling, general and administrative expenses 0 1 2 2  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 251 338 615 955  
Interest expense, net 0 0 2 5  
Provision for income taxes 92 (88) [1] 215 131 [1]  
Capital expenditures 224 180 596 365  
Total assets 6,440 5,704 6,440 5,704  
Other South America Mines [Member]
          
Revenues:          
Unaffiliated customers 618 491 1,631 1,563  
Intersegment 60 126 216 265  
Production and delivery 319 333 950 908  
Depreciation, depletion and amortization 50 35 137 106  
Selling, general and administrative expenses 2 1 3 3  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 307 248 757 811  
Interest expense, net 0 0 0 0  
Provision for income taxes 102 72 257 244  
Capital expenditures 40 87 138 294  
Total assets 4,090 4,232 4,090 4,232  
Indonesia - Grasberg [Member]
          
Revenues:          
Unaffiliated customers 1,108 [2] 845 [2] 2,443 [3] 2,673 [3]  
Intersegment 3 146 190 224  
Production and delivery 617 603 1,743 1,704  
Depreciation, depletion and amortization 60 54 173 153  
Selling, general and administrative expenses 29 31 82 91  
Mining exploration and research expenses 1 0 1 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 404 303 634 949  
Interest expense, net 0 0 12 3  
Provision for income taxes 173 111 289 387  
Capital expenditures 209 237 720 624  
Total assets 7,399 6,393 7,399 6,393  
Africa - Tenke [Member]
          
Revenues:          
Unaffiliated customers 406 365 1,199 985  
Intersegment 14 2 24 9  
Production and delivery 190 172 560 456  
Depreciation, depletion and amortization 64 42 179 114  
Selling, general and administrative expenses 3 2 9 5  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 163 151 475 419  
Interest expense, net 0 0 2 0  
Provision for income taxes 33 28 99 79  
Capital expenditures 52 131 155 428  
Total assets 4,862 4,490 4,862 4,490  
Molybdenum mines [Member]
          
Revenues:          
Unaffiliated customers 0 0 0 0  
Intersegment 121 129 408 389  
Production and delivery 82 88 240 237  
Depreciation, depletion and amortization 21 15 62 38  
Selling, general and administrative expenses 0 0 0 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 18 26 106 114  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Capital expenditures 46 41 128 189  
Total assets 2,094 1,979 2,094 1,979  
Rod & Refining [Member]
          
Revenues:          
Unaffiliated customers 1,247 1,221 3,842 3,802  
Intersegment 6 7 20 20  
Production and delivery 1,245 1,222 3,835 3,800  
Depreciation, depletion and amortization 2 2 7 7  
Selling, general and administrative expenses 0 0 0 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 6 4 20 15  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Capital expenditures 1 2 3 5  
Total assets 308 330 308 330  
Atlantic Copper Smelting & Refining [Member]
          
Revenues:          
Unaffiliated customers 514 633 1,730 2,023  
Intersegment 2 5 12 22  
Production and delivery 523 624 1,726 1,988  
Depreciation, depletion and amortization 10 11 32 31  
Selling, general and administrative expenses 5 4 14 14  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) (22) (1) (30) 12  
Interest expense, net 4 3 12 9  
Provision for income taxes 0 0 0 0  
Capital expenditures 20 4 39 11  
Total assets 691 1,192 691 1,192  
Other Mining & Eliminations [Member]
          
Revenues:          
Unaffiliated customers 417 [4] 309 [4] 1,157 [4] 984 [4]  
Intersegment (1,289) (1,753) (4,603) (5,298)  
Production and delivery (916) (1,392) (3,531) (4,218)  
Depreciation, depletion and amortization 9 10 31 25  
Selling, general and administrative expenses 5 4 23 12  
Mining exploration and research expenses 52 78 161 213  
Environmental obligations and shutdown costs (13) (69) 24 22  
Operating income (loss) (9) (75) (154) (368)  
Interest expense, net 20 21 60 63  
Provision for income taxes 0 0 0 0  
Capital expenditures 51 15 91 41  
Total assets 1,267 719 1,267 719  
Oil & Gas Operations [Member]
          
Revenues:          
Unaffiliated customers 1,176 [5] 0 1,512 [5],[6] 0  
Intersegment 0 0 0 0  
Production and delivery 288 0 377 0  
Depreciation, depletion and amortization 563 0 732 0  
Selling, general and administrative expenses 51 0 65 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0    
Operating income (loss) 274 0 338 0  
Interest expense, net 74 0 100 0  
Provision for income taxes 0 0 0 0  
Capital expenditures 738 0 928 0  
Total assets 26,347 0 26,347 0  
Corporate, Other & Eliminations [Member]
          
Revenues:          
Unaffiliated customers 0 1 3 5  
Intersegment 0 0 0 0  
Production and delivery 2 2 10 2  
Depreciation, depletion and amortization 3 2 8 6  
Selling, general and administrative expenses 62 66 255 181  
Mining exploration and research expenses 2 0 8 0  
Environmental obligations and shutdown costs 0 (4) 0 (4)  
Operating income (loss) (69) (65) (278) (180)  
Interest expense, net 64 17 159 67  
Provision for income taxes 99 [1] 92 107 [1] 287  
Capital expenditures 12 2 30 (7)  
Total assets 451 1,778 451 1,778  
PT Smelting [Member]
          
Segment Reporting Information [Line Items]          
Deferred Intercompany Profit, Percentage     25.00%    
Crude Oil and Natural Gas Swaps [Member]
          
Revenues:          
Unfavorable adjustments to derivative instruments $ (158)   $ (194)    
[1] Included a credit of $234 million for the reversal of a net deferred tax liability. For further discussion, refer to Note 6.
[2] Included PT Freeport Indonesia’s sales to PT Smelting totaling $458 million in third-quarter 2013 and $520 million in third-quarter 2012.
[3] Included PT Freeport Indonesia’s sales to PT Smelting totaling $1.2 billion for the first nine months of 2013 and $1.5 billion for the first nine months of 2012.
[4] Included revenues from FCX's molybdenum sales company, which included sales of molybdenum produced by the molybdenum mines and by certain of the North and South America copper mines.
[5] Included net charges of $158 million for unrealized losses on oil and gas derivative contracts that were assumed in connection with FCX's acquisition of PXP. For further discussion, refer to Note 9.
[6] Included net charges of $194 million for unrealized losses on oil and gas derivative contracts that were assumed in connection with FCX's acquisition of PXP. For further discussion, refer to Note 9.