XML 31 R35.htm IDEA: XBRL DOCUMENT v2.3.0.15
Financial Instruments (Unaudited) Unsettled Derivatives (Details) (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Derivatives, Fair Value [Line Items]  
Paid to brokers associated with margin requirements$ 55$ 3
Received from customers associated with margin requirements28 
Received from brokers associated with margin requirements 8
FMC's Copper Futures and Swap Contracts [Member] | Derivatives designated as hedging instruments [Member] | Other Current Assets [Member]
  
Derivatives, Fair Value [Line Items]  
Asset position0[1],[2]18[1],[2]
FMC's Copper Futures and Swap Contracts [Member] | Derivatives designated as hedging instruments [Member] | Accounts payable and accrued liabilities [Member]
  
Derivatives, Fair Value [Line Items]  
Liability position(54)[2],[3]0[2],[3]
Atlantic Copper's copper forward contracts [Member] | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities [Member]
  
Derivatives, Fair Value [Line Items]  
Liability position(1)[3](10)[3]
Embedded derivatives in provisional sales/purchases contracts [Member] | Derivatives not designated as hedging instruments | Net accounts receivable [Member]
  
Derivatives, Fair Value [Line Items]  
Asset position179[4]357[4]
Embedded derivatives in provisional sales/purchases contracts [Member] | Derivatives not designated as hedging instruments | Net accounts payable [Member]
  
Derivatives, Fair Value [Line Items]  
Liability position$ (581)[4]$ (115)[4]
[1]Amounts recorded in other current assets.
[2]FCX had paid $55 million to brokers at September 30, 2011, and $3 million at December 31, 2010, for margin requirements (recorded in other current assets). In addition, FCX held $28 million in margin funding from customers at September 30, 2011, and $8 million from brokers at December 31, 2010, associated with margin requirements (recorded in accounts payable and accrued liabilities).
[3]Amounts recorded in accounts payable and accrued liabilities.
[4]Amounts recorded either as a net accounts receivable or a net accounts payable.