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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flow from operating activities:    
Net income $ 626 $ 824
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 966 329
Net losses on crude oil and natural gas derivative contracts 50 0
Stock-based compensation 28 41
Pension plans contributions (9) (22)
Net charges for environmental and asset retirement obligations, including accretion 46 34
Payments for environmental and asset retirement obligations (45) (36)
Losses on early extinguishment of debt 0 45
Deferred income taxes 90 136
Increase in long-term mill and leach stockpiles (86) (126)
Other, net (52) 36
(Increases) decreases in working capital and changes in other tax payments, excluding amounts from acquisition:    
Accounts receivable 179 (113)
Inventories (180) (67)
Other current assets (34) (48)
Accounts payable and accrued liabilities (362) (201)
Accrued income taxes and other tax payments (16) (1)
Net cash provided by operating activities 1,201 831
Capital expenditures:    
North America copper mines (303) (257)
South America (423) (226)
Indonesia (236) (191)
Africa (31) (57)
Molybdenum mines (19) (40)
U.S. oil and gas operations (579) 0
Other (21) (34)
Acquisition of cobalt chemical business, net of cash acquired 0 (321)
Other, net 7 14
Net cash used in investing activities (1,605) (1,112)
Cash flow from financing activities:    
Proceeds from debt 1,149 6,615
Repayments of debt (987) (39)
Cash dividends and distributions paid:    
Common stock (326) (297)
Noncontrolling interests (77) (35)
Contributions from noncontrolling interests 24 0
Debt financing costs (25) (72)
Stock-based awards net proceeds (payments), including excess tax benefit 3 (1)
Net cash (used in) provided by financing activities (239) 6,171
Net (decrease) increase in cash and cash equivalents (643) 5,890
Cash and cash equivalents at beginning of year 1,985 3,705
Cash and cash equivalents at end of period $ 1,342 $ 9,595