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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
May 01, 2010
Accounting Policies [Abstract]                        
Minimum ownership percentage of subsidiary for inclusion in consolidated financial statements (in hundredths)                 50.00%      
Ownership percentage of subsidiary PT Freeport Indonesia (in hundredths)                 90.64%      
Minimum ownership percentage for investment in unconsolidated companies accounted for using the equity method 20.00%               20.00%      
Maximum ownership percentage for investments in unconsolidated companies carried at cost 20.00%               20.00%      
Percentage of ultimate copper recovery from leach stockpiles (in hundredths)                 90.00%      
Percentage of the copper ultimately recoverable from newly placed material on active stockpiles (in hundredths)                 70.00%      
Pounds of copper under outstanding provisionally priced sales (net of noncontrolling interests) (in pounds of copper)                 252,000,000      
Average price per pound of outstanding provisionally priced copper sales (in dollars per pound)                 $ 3.44      
Earnings Per Share [Abstract]                        
Net income $ 866 $ 1,294 [1] $ 1,726 $ 1,861 $ 1,964 $ 1,533 $ 832 $ 1,215 $ 5,747 [1] $ 5,544 $ 3,534  
Net income attributable to noncontrolling interests (226) (241) (358) (362) (415) (355) (168) (270) (1,187) (1,208) (785)  
Preferred dividends                 0 (63) (222)  
Net income attributable to FCX common stockholders 640 [2] 1,053 [1] 1,368 [3] 1,499 [3] 1,549 [4] 1,178 649 [4] 897 [4] 4,560 [1],[2],[3] 4,273 [4] 2,527  
Plus income impact of assumed conversion of: [Abstract]                        
6 3/4% Mandatory Convertible Preferred Stock                 0 [5] 63 [5] 194 [5]  
5 1/2% Convertible Perpetual Preferred Stock                 0 [6] 0 [6] 28 [6]  
Diluted net income attributable to FCX common stockholders                 $ 4,560 $ 4,336 $ 2,749  
Weighted-average shares of common stock outstanding (in shares)                 947,000,000 915,000,000 829,000,000  
Add stock issuable upon conversion, exercise or vesting of: [Abstract]                        
6 3/4% Mandatory Convertible Preferred Stock (in shares)                 0 [5] 26,000,000 [5] 79,000,000 [5]  
5 1/2% Convertible Perpetual Preferred Stock (in shares)                 0 [6] 0 [6] 25,000,000 [6]  
Dilutive stock options                 7,000,000 [7] 6,000,000 3,000,000  
Restricted stock units                 1,000,000 2,000,000 2,000,000  
Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share (in shares)                 955,000,000 949,000,000 938,000,000  
Diluted net income per share attributable to FCX common stockholders $ 0.67 [2] $ 1.10 [1] $ 1.43 [3] $ 1.57 [3] $ 1.63 [4] $ 1.24 $ 0.70 [4] $ 1.00 [4] $ 4.78 [1],[2],[3] $ 4.57 [4] $ 2.93  
Actual conversion rate of preferred stock into common stock (in shares)                       2.7432
Mandatory Convertible Preferred Stock Dividend Rate Percentage                   6.75% 6.75%  
Convertible Perpetual Preferred Stock Dividend Rate Percentage                     5.50%  
Potential anti-dilutive additional shares of common stock from stock options and restricted stock units                 2,000,000      
Outstanding stock options with exercise prices greater than average market price of common stock (in shares)                 4,000,000 10,000,000 13,000,000  
Weighted-average exercise price of stock options excluded                 $ 53.91 $ 38.56 $ 36.27  
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] All outstanding 6¾% Mandatory Convertible Preferred Stock automatically converted on May 1, 2010, into FCX common stock at a conversion rate of 2.7432 shares of FCX common stock.
[6] In September 2009, FCX redeemed the remaining outstanding shares of its 5½% Convertible Perpetual Preferred Stock.
[7] Potential additional shares of common stock that were anti-dilutive totaled approximately two million.