XML 37 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segments (Unaudited) (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Revenues:          
Unaffiliated customers $ 5,522 $ 4,288 $ 10,507 $ 8,871  
Intersegment 0 0 0 0  
Production and delivery 3,082 2,853 5,819 5,572  
Depreciation, depletion and amortization 1,013 530 1,979 859  
Selling, general and administrative expenses 164 186 299 299  
Mining exploration and research expenses 34 64 64 116  
Environmental obligations and shutdown costs 76 16 82 31  
Operating income (loss) 1,153 639 2,264 1,994  
Interest expense, net 164 132 325 189  
Provision for income taxes 328 40 685 468  
Total Assets 64,009 63,157 64,009 63,157 63,473
Capital expenditures 1,950 1,173 3,562 1,978  
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances 58 (183) 58 (183)  
Mining Operations [Member]
          
Revenues:          
Unaffiliated customers 4,286 3,951 8,010 8,532  
Intersegment 0 0 0 0  
Production and delivery 2,754 2,759 5,180 5,475  
Depreciation, depletion and amortization 394 358 740 685  
Selling, general and administrative expenses 42 47 80 92  
Mining exploration and research expenses 34 61 64 110  
Environmental obligations and shutdown costs 76 16 82 31  
Operating income (loss) 986 710 1,864 2,139  
Interest expense, net 22 41 45 68  
Provision for income taxes 140 145 309 460  
Total Assets 37,516 35,061 37,516 35,061  
Capital expenditures 1,049 973 2,073 1,770  
North America Copper Mines [Member]
          
Revenues:          
Unaffiliated customers 107 114 191 239  
Intersegment 1,362 1,195 2,564 2,455  
Production and delivery 870 853 1,656 1,652  
Depreciation, depletion and amortization 128 108 235 210  
Selling, general and administrative expenses 1 2 2 3  
Mining exploration and research expenses 2 1 4 1  
Environmental obligations and shutdown costs 0 (2) 0 (6)  
Operating income (loss) 468 347 858 834  
Interest expense, net 1 3 2 4  
Provision for income taxes 0 0 0 0  
Total Assets 9,497 8,498 9,497 8,498  
Capital expenditures 324 286 627 543  
Morenci [Member]
          
Revenues:          
Unaffiliated customers 52 38 75 118  
Intersegment 474 444 918 880  
Production and delivery 312 301 595 598  
Depreciation, depletion and amortization 43 37 77 70  
Selling, general and administrative expenses 1 1 1 1  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 170 143 320 329  
Interest expense, net 0 2 1 3  
Provision for income taxes 0 0 0 0  
Total Assets 3,675 2,730 3,675 2,730  
Capital expenditures 289 204 533 357  
Other North America Copper Mines [Member]
          
Revenues:          
Unaffiliated customers 55 76 116 121  
Intersegment 888 751 1,646 1,575  
Production and delivery 558 552 1,061 1,054  
Depreciation, depletion and amortization 85 71 158 140  
Selling, general and administrative expenses 0 1 1 2  
Mining exploration and research expenses 2 1 4 1  
Environmental obligations and shutdown costs 0 (2) 0 (6)  
Operating income (loss) 298 204 538 505  
Interest expense, net 1 1 1 1  
Provision for income taxes 0 0 0 0  
Total Assets 5,822 5,768 5,822 5,768  
Capital expenditures 35 82 94 186  
South America Mines [Member]
          
Revenues:          
Unaffiliated customers 945 764 1,647 1,614  
Intersegment 86 187 282 351  
Production and delivery 530 516 1,006 991  
Depreciation, depletion and amortization 95 86 182 157  
Selling, general and administrative expenses 2 2 4 3  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 404 347 737 814  
Interest expense, net 0 2 0 2  
Provision for income taxes 140 127 267 278  
Total Assets 10,692 10,199 10,692 10,199  
Capital expenditures 416 244 839 470  
Cerro Verde [Member]
          
Revenues:          
Unaffiliated customers 421 311 701 601  
Intersegment 23 86 87 195  
Production and delivery 195 189 360 360  
Depreciation, depletion and amortization 43 37 79 70  
Selling, general and administrative expenses 1 2 2 2  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 205 169 347 364  
Interest expense, net 0 2 0 2  
Provision for income taxes 73 59 130 123  
Total Assets 6,901 6,089 6,901 6,089  
Capital expenditures 391 208 791 372  
Candelaria [Member]
          
Revenues:          
Unaffiliated customers 213 138 341 391  
Intersegment 62 101 190 156  
Production and delivery 164 174 314 341  
Depreciation, depletion and amortization 16 16 35 25  
Selling, general and administrative expenses 1 0 1 1  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 94 49 181 180  
Interest expense, net 0 0 0 0  
Provision for income taxes 32 20 68 64  
Total Assets 1,520 1,623 1,520 1,623  
Capital expenditures 12 28 22 68  
Other South America Mines [Member]
          
Revenues:          
Unaffiliated customers 311 315 605 622  
Intersegment 1 0 5 0  
Production and delivery 171 153 332 290  
Depreciation, depletion and amortization 36 33 68 62  
Selling, general and administrative expenses 0 0 1 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 105 129 209 270  
Interest expense, net 0 0 0 0  
Provision for income taxes 35 48 69 91  
Total Assets 2,271 2,487 2,271 2,487  
Capital expenditures 13 8 26 30  
Indonesia - Grasberg [Member]
          
Revenues:          
Unaffiliated customers 523 [1] 471 [1] 985 [2] 1,335 [2]  
Intersegment 0 120 8 187  
Production and delivery 511 563 894 1,126  
Depreciation, depletion and amortization 54 58 102 113  
Selling, general and administrative expenses 25 27 46 53  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) (67) (57) (49) 230  
Interest expense, net 0 10 0 12  
Provision for income taxes (33) (4) (15) 116  
Total Assets 7,972 7,095 7,972 7,095  
Capital expenditures 243 320 479 511  
Africa - Tenke [Member]
          
Revenues:          
Unaffiliated customers 386 355 692 793  
Intersegment 32 10 53 10  
Production and delivery 198 185 350 370  
Depreciation, depletion and amortization 63 57 114 115  
Selling, general and administrative expenses 3 3 6 6  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 154 120 275 312  
Interest expense, net 0 2 0 2  
Provision for income taxes 33 22 57 66  
Total Assets 4,952 4,887 4,952 4,887  
Capital expenditures 29 46 60 103  
Molybdenum mines [Member]
          
Revenues:          
Unaffiliated customers 0 0 0 0  
Intersegment 170 144 296 287  
Production and delivery 81 78 157 158  
Depreciation, depletion and amortization 24 21 46 41  
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) 65 45 93 88  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Total Assets 2,095 2,061 2,095 2,061  
Capital expenditures 14 42 33 82  
Rod & Refining [Member]
          
Revenues:          
Unaffiliated customers 1,234 1,265 2,380 2,595  
Intersegment 8 7 16 14  
Production and delivery 1,233 1,262 2,381 2,590  
Depreciation, depletion and amortization 3 2 5 5  
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 8 10 14  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Total Assets 299 287 299 287  
Capital expenditures 1 1 2 2  
Atlantic Copper Smelting & Refining [Member]
          
Revenues:          
Unaffiliated customers 623 583 1,211 1,216  
Intersegment 6 4 11 10  
Production and delivery 618 575 1,206 1,203  
Depreciation, depletion and amortization 10 12 20 22  
Selling, general and administrative expenses 5 4 9 9  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) (4) (4) (13) (8)  
Interest expense, net 3 4 7 8  
Provision for income taxes 0 0 0 0  
Total Assets 882 934 882 934  
Capital expenditures 5 11 6 19  
Other Mining & Eliminations [Member]
          
Revenues:          
Unaffiliated customers 468 [3] 399 [3] 904 [3] 740 [3]  
Intersegment (1,664) (1,667) (3,230) (3,314)  
Production and delivery (1,287) (1,273) (2,470) (2,615)  
Depreciation, depletion and amortization 17 14 36 22  
Selling, general and administrative expenses 6 9 13 18  
Mining exploration and research expenses 32 60 60 109  
Environmental obligations and shutdown costs 76 18 82 37  
Operating income (loss) (40) (96) (47) (145)  
Interest expense, net 18 20 36 40  
Provision for income taxes 0 0 0 0  
Total Assets 1,127 1,100 1,127 1,100  
Capital expenditures 17 23 27 40  
U.S. Oil & Gas Operations [Member]
          
Revenues:          
Unaffiliated customers 1,236 [4] 336 [4] 2,497 [5] 336 [5]  
Intersegment 0 0 0 0  
Production and delivery 329 89 640 89  
Depreciation, depletion and amortization 616 169 1,232 169  
Selling, general and administrative expenses 59 14 116 14  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 232 64 509 64  
Interest expense, net 74 26 150 26  
Provision for income taxes 0 0 0 0  
Total Assets 25,293 26,587 25,293 26,587  
Capital expenditures 903 190 1,484 190  
Corporate, Other & Eliminations [Member]
          
Revenues:          
Unaffiliated customers 0 1 0 3  
Intersegment 0 0 0 0  
Production and delivery (1) 5 (1) 8  
Depreciation, depletion and amortization 3 3 7 5  
Selling, general and administrative expenses 63 125 103 193  
Mining exploration and research expenses 0 3 0 6  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) (65) (135) (109) (209)  
Interest expense, net 68 65 130 95  
Provision for income taxes 188 (105) [6] 376 8 [6]  
Total Assets 1,200 1,509 1,200 1,509  
Capital expenditures (2) 10 5 18  
Crude oil and natural gas swaps [Member]
          
Revenues:          
Net mark-to-market losses on derivative contracts (70) (35) (120) (35)  
Pt Smelting [Member]
          
Revenues:          
Revenues $ 540 $ 291 $ 913 $ 721  
Deferred Intercompany Profit, Percentage     25.00%    
[1] Included PT-FI’s sales to PT Smelting totaling $540 million in second-quarter 2014 and $291 million in second-quarter 2013.
[2] Included PT-FI’s sales to PT Smelting totaling $913 million for the first six months of 2014 and $721 million for the first six months of 2013
[3] 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.
[4] Included net mark-to-market losses associated with crude oil and natural gas derivative contracts totaling $70 million in second-quarter 2014 and $35 million for the period from June 1, 2013, to June 30, 2013.
[5] ncluded net mark-to-market losses associated with crude oil and natural gas derivative contracts totaling $120 million for the first six months of 2014 and $35 million for the period from June 1, 2013, to June 30, 2013.
[6] Included $183 million of net benefits resulting from oil and gas acquisitions.