Income and Mining Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income and Mining Taxes (Tables) [Abstract]

Income and mining tax (expense) benefit

		Years Ended December 31,
		2011		2010		2009
Current:
	United States	$	(346)	$	(214)	$	(46)
	Foreign		(1,038)		(1,022)		(782)
			(1,384)		(1,236)		(828)
Deferred:
	United States		185		518		42
	Foreign		486		(138)		(43)
			671		380		(1)
		$	(713)	$	(856)	$	(829)

Income before income and mining tax and other items

	Years Ended December 31,
	2011		2010		2009
United States	$	878	$	737	$	291
Foreign		932		3,260		2,663
	$	1,810	$	3,997	$	2,954

Income and mining tax expense reconciliation

			Years Ended December 31,
			2011			2010			2009
Income before income and mining tax and other items			$	1,810		$	3,997		$	2,954
United States statutory corporate income tax rate				35	%		35	%		35	%
Income tax expense computed at United States statutory corporate income tax rate				(634)			(1,399)			(1,034)
Reconciling items:
	Tax benefit generated on change in form of a non-			65			440			-
		U.S. subsidiary
	Percentage depletion			172			151			127
	Change in valuation allowance on deferred tax assets			(263)			18			32
	Mining taxes (net of federal benefit)			(42)			(33)			(27)
	Other			(11)			(33)			73
Income and mining tax expense			$	(713)		$	(856)		$	(829)

Components of deferred tax assets (liabilities)

		Components of the Company's deferred income tax assets (liabilities) are as follows:
			At December 31,
			2011		2010
Deferred income tax assets:
	Property, plant and mine development		$	689	$	158
	Reclamation and remediation			226		193
	Net operating losses, capital losses and tax credits			1,054		1,275
	Investment in partnerships			203		563
	Employee-related benefits			15		49
	Derivative instruments and unrealized loss on investments			308		60
	Other			8		44
				2,503		2,342
	Valuation allowances			(977)		(435)
				1,526		1,907
Deferred income tax liabilities:
	Property, plant and mine development			(1,362)		(1,370)
	Net undistributed earnings of subsidiaries			(198)		(237)
	Derivative instruments and unrealized gain on investments			(69)		(160)
	Other			(93)		(68)
				(1,722)		(1,835)
Net deferred income tax assets (liabilities)			$	(196)	$	72

Net deferred tax assets and liabilities

	Net deferred income tax assets and liabilities consist of:
		At December 31,
		2011		2010
Current deferred income tax assets		$	396	$	177
Long-term deferred income tax assets			1,605		1,437
Current deferred income tax liabilities			(50)		(54)
Long-term deferred income tax liabilities			(2,147)		(1,488)
		$	(196)	$	72

Reconciliation of gross unrecognized tax benefits

		2011		2010		2009
Total amount of gross unrecognized tax benefits at
	beginning of year	$	116	$	130	$	181
Additions for tax positions of prior years			160		3		(21)
Additions for tax positions of current year			64		-		3
Reductions due to settlements with taxing authorities			-		(9)		(27)
Reductions due to lapse of statute of limitations			(4)		(8)		(6)
Total amount of gross unrecognized tax benefits at end of
	year	$	336	$	116	$	130