Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions	Sep. 30, 2011		Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 5,128		$ 3,738
Trade accounts receivable	1,139		2,132
Other accounts receivable	307		293
Inventories:
Product	1,231		1,409
Materials and supplies, net	1,323	[1]	1,169	[1]
Mill and leach stockpiles	1,167		856
Other current assets	413		254
Total current assets	10,708		9,851
Property, plant, equipment and development costs, net	17,966		16,785
Long-term mill and leach stockpiles	1,599	[2]	1,425	[2]
Intangible assets, net	321		328
Other assets	1,114		997
Total assets	31,708		29,386
Current liabilities:
Accounts payable and accrued liabilities	2,580		2,441
Dividends payable	240		240
Current portion of reclamation and environmental obligations	201		207
Accrued income taxes	110		648
Rio Tinto's share of joint venture cash flows	46		132
Current portion of debt	4		95
Total current liabilities	3,181		3,763
Long-term debt, less current portion	3,531		4,660
Deferred income taxes	3,365		2,873
Reclamation and environmental obligations, less current portion	2,139		2,071
Other liabilities	1,441		1,459
Total liabilities	13,657		14,826
FCX stockholders' equity:
Common stock	107		107
Capital in excess of par value	18,974		18,751
Retained earnings (deficit)	144		(2,590)
Accumulated other comprehensive loss	(314)		(323)
Common stock held in treasury	(3,554)		(3,441)
Total FCX stockholders' equity	15,357		12,504
Noncontrolling interests	2,694		2,056
Total equity	18,051		14,560
Total liabilities and equity	$ 31,708		$ 29,386

[1] Materials and supplies inventory is net of obsolescence reserves totaling $26 million at September 30, 2011, and December 31, 2010.

[2] Metals in stockpiles not expected to be recovered within the next 12 months.