QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Year
2011
Revenues	$	5,709		$	5,814		$	5,195		$	4,162		$	20,880
Operating income	2,936			2,757			2,150			1,297		a	9,140		a
Net income	1,861			1,726			1,294		b	866			5,747		b
Net income attributable to noncontrolling
interests	362			358			241			226			1,187
Net income attributable to FCX common
stockholders	1,499		c	1,368		c	1,053		b	640		a	4,560		a,b,c
Basic net income per share attributable
to FCX common stockholders	1.58			1.44			1.11			0.67			4.81
Diluted net income per share attributable
to FCX common stockholders	1.57		c	1.43		c	1.10		b	0.67		a	4.78		a,b,c
2010
Revenues	$	4,363		$	3,864		$	5,152		$	5,603		$	18,982
Operating income	2,048			1,424			2,499			3,097			9,068
Net income	1,215			832			1,533			1,964			5,544
Net income attributable to noncontrolling
interests	270			168			355			415			1,208
Net income attributable to FCX common
stockholders	897		d	649		d	1,178			1,549		d	4,273		d
Basic net income per share attributable
to FCX common stockholders	1.04			0.71			1.25			1.64			4.67
Diluted net income per share attributable
to FCX common stockholders	1.00		d	0.70		d	1.24			1.63		d	4.57		d

All references to income or losses per share are on a diluted basis.

a. Includes charges totaling $116 million ($50 million to net income attributable to common stock or $0.05 per share) for the fourth quarter and the year primarily associated with bonuses for new labor agreements and other employee costs at PT Freeport Indonesia, Cerro Verde and El Abra.

b. Includes additional taxes of $57 million ($50 million net of noncontrolling interests or $0.05 per share) in the third quarter and $53 million ($49 million net of noncontrolling interests or $0.05 per share) for the year associated with Peru's new mining tax and royalty regime. Refer to Note 12 for for further discussion.

c. Includes losses on early extinguishment of debt totaling $6 million ($0.01 per share) in the first quarter, $54 million ($0.06 per share) in the second quarter and $60 million ($0.06 per share) for the year. Refer to Note 9 for further discussion.

d. Includes losses on early extinguishment of debt totaling $23 million ($0.02 per share) in the first quarter, $42 million ($0.05 per share) in the second quarter, $3 million (less than $0.01 per share) in the fourth quarter and $71 million ($0.07 per share) for the year. Refer to Note 9 for further discussion.