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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flow from operating activities:    
Net income $ 1,001 $ 1,861
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 267 232
Stock-based compensation 32 43
Pension plans contributions (52) 0
Charges for reclamation and environmental obligations, including accretion 35 38
Payments of reclamation and environmental obligations (45) (52)
Losses on early extinguishment of debt 168 7
Deferred income taxes 168 127
(Increase) decrease in long-term mill and leach stockpiles (61) 23
Other, net 8 (34)
(Increases) decreases in working capital:    
Accounts receivable (482) 511
Inventories (248) (253)
Other current assets 40 (18)
Accounts payable and accrued liabilities (64) (264)
Accrued income and other taxes 34 138
Net cash provided by operating activities 801 2,359
Capital expenditures:    
North America copper mines (143) (119)
South America (152) (140)
Indonesia (182) (125)
Africa (127) (11)
Molybdenum (95) (71)
Other (8) (39)
Other, net (7) 0
Net cash used in investing activities (714) (505)
Cash flow from financing activities:    
Proceeds from debt 3,004 9
Repayments of debt (3,159) (13)
Restricted cash for early extinguishment of debt 0 (1,124)
Cash dividends paid:    
Common stock (238) (238)
Noncontrolling interests (1) (133)
Contributions from noncontrolling interests 0 5
Net payments for stock-based awards (4) (20)
Excess tax benefit from stock-based awards 7 21
Other, net (22) (9)
Net cash used in financing activities (413) (1,502)
Net (decrease) increase in cash and cash equivalents (326) 352
Cash and cash equivalents at beginning of year 4,822 3,738
Cash and cash equivalents at end of period $ 4,496 $ 4,090