XML 27 R38.htm IDEA: XBRL DOCUMENT v2.3.0.15
Business Segments (Unaudited) (Details) (USD $)
In Millions
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Revenues:     
Unaffiliated customers$ 5,195$ 5,152$ 16,718$ 13,379 
Intersegment0000 
Production and delivery2,5702,2667,5046,234 
Depreciation, Depletion and Amortization257268756788 
Selling, general and administrative expenses10281323277 
Exploration and research expenses7835194104 
Environmental obligations and shutdown costs383985 
Operating income2,1502,4997,8435,971 
Interest expense, net78103250370 
Provision for income taxes8088452,6981,956 
Total assets31,70827,95131,70827,95129,386
Capital expenditures7173501,749877 
Sales from PT Freeport Indonesia to PT Smelting6656032,0001,500 
Total North America Copper Mines Segment [Member]
     
Revenues:     
Unaffiliated customers1222552551 
Intersegment1,2979733,8143,065 
Production and delivery6645361,9231,557 
Depreciation, Depletion and Amortization6767196220 
Selling, general and administrative expenses1030 
Exploration and research expenses3040 
Environmental obligations and shutdown costs(14)0(11)0 
Operating income6983952,2241,339 
Interest expense, net13611 
Provision for income taxes0000 
Total assets6,9476,1906,9476,190 
Capital expenditures13859342140 
Morenci North America Copper Mines Segment [Member]
     
Revenues:     
Unaffiliated customers781037120 
Intersegment4503641,2741,107 
Production and delivery252185719509 
Depreciation, Depletion and Amortization273385110 
Selling, general and administrative expenses0010 
Exploration and research expenses3040 
Environmental obligations and shutdown costs1040 
Operating income245156832508 
Interest expense, net0123 
Provision for income taxes0000 
Total assets1,9811,9191,9811,919 
Capital expenditures21136928 
Other Mines North America Copper Mines Segment [Member]
     
Revenues:     
Unaffiliated customers441515431 
Intersegment8476092,5401,958 
Production and delivery4123511,2041,048 
Depreciation, Depletion and Amortization4034111110 
Selling, general and administrative expenses1020 
Exploration and research expenses0000 
Environmental obligations and shutdown costs(15)0(15)0 
Operating income4532391,392831 
Interest expense, net1248 
Provision for income taxes0000 
Total assets4,9664,2714,9664,271 
Capital expenditures11746273112 
Total South America Mines Segment [Member]
     
Revenues:     
Unaffiliated customers9661,3023,4652,984 
Intersegment87163438399 
Production and delivery4784621,3301,227 
Depreciation, Depletion and Amortization6466187186 
Selling, general and administrative expenses2050 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income5099372,3811,970 
Interest expense, net0010 
Provision for income taxes202298829629 
Total assets8,3617,5538,3617,553 
Capital expenditures174129431283 
Cerro Verde South America Segment [Member]
     
Revenues:     
Unaffiliated customers3966061,6621,338 
Intersegment10584303275 
Production and delivery196194569513 
Depreciation, Depletion and Amortization3242102109 
Selling, general and administrative expenses1030 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income2724541,291991 
Interest expense, net0010 
Provision for income taxes154147476320 
Total assets4,8864,3084,8864,308 
Capital expenditures643212063 
Other Mines South America Segment [Member]
     
Revenues:     
Unaffiliated customers5706961,8031,646 
Intersegment(18)79135124 
Production and delivery282268761714 
Depreciation, Depletion and Amortization32248577 
Selling, general and administrative expenses1020 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income2374831,090979 
Interest expense, net0000 
Provision for income taxes48151353309 
Total assets3,4753,2453,4753,245 
Capital expenditures11097311220 
Grasberg Segment [Member]
     
Revenues:     
Unaffiliated customers1,275[1]1,458[1]4,112[2]3,490[2] 
Intersegment87416544770 
Production and delivery5035281,5471,430 
Depreciation, Depletion and Amortization6272179192 
Selling, general and administrative expenses292510077 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income7681,2492,8302,561 
Interest expense, net7090 
Provision for income taxes3424991,2411,069 
Total assets5,4375,7125,4375,712 
Capital expenditures162116463311 
Tenke Segment [Member]
     
Revenues:     
Unaffiliated customers275307959763 
Intersegment1040 
Production and delivery142141422347 
Depreciation, Depletion and Amortization32349894 
Selling, general and administrative expenses1060 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income101132437322 
Interest expense, net2254 
Provision for income taxes203210075 
Total assets3,7913,5403,7913,540 
Capital expenditures4998959 
Molybdenum Segment [Member]
     
Revenues:     
Unaffiliated customers3322931,119893 
Intersegment0000 
Production and delivery260199786574 
Depreciation, Depletion and Amortization14134438 
Selling, general and administrative expenses32118 
Exploration and research expenses1132 
Environmental obligations and shutdown costs0000 
Operating income5478275271 
Interest expense, net0000 
Provision for income taxes0000 
Total assets2,3421,8372,3421,837 
Capital expenditures1552231734 
Rod and Refining Segment [Member]
     
Revenues:     
Unaffiliated customers1,3891,1744,2913,363 
Intersegment771920 
Production and delivery1,3901,1724,2923,360 
Depreciation, Depletion and Amortization2266 
Selling, general and administrative expenses0000 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0111 
Operating income461116 
Interest expense, net0000 
Provision for income taxes0000 
Total assets323335323335 
Capital expenditures2274 
Atlantic Copper Smelting and Refining Segment [Member]
     
Revenues:     
Unaffiliated customers8345922,2411,830 
Intersegment331114 
Production and delivery8265902,2741,823 
Depreciation, Depletion and Amortization1193028 
Selling, general and administrative expenses541814 
Exploration and research expenses0000 
Environmental obligations and shutdown costs0000 
Operating income(5)(8)(70)(21) 
Interest expense, net42127 
Provision for income taxes0000 
Total assets9551,2019551,201 
Capital expenditures542916 
Corporate Other And Eliminations Segment [Member]
     
Revenues:     
Unaffiliated customers2165 
Intersegment(1,482)(1,562)(4,830)(4,268) 
Production and delivery(1,693)(1,362)(5,070)(4,084) 
Depreciation, Depletion and Amortization551624 
Selling, general and administrative expenses6150180178 
Exploration and research expenses7434187102 
Environmental obligations and shutdown costs5221084 
Operating income21(290)(245)(487) 
Interest expense, net6496217348 
Provision for income taxes24416528183 
Total assets3,5521,5833,5521,583 
Capital expenditures$ 32$ 9$ 71$ 30 
[1]Includes PT Freeport Indonesia’s sales to PT Smelting totaling $665 million in third-quarter 2011 and $603 million in third-quarter 2010.
[2]Includes PT Freeport Indonesia's sales to PT Smelting totaling $2.0 billion in the first nine months of 2011 and $1.5 billion in the first nine months of 2010.