Business Segments



(In millions)	North America Copper Mines							South America							Indonesia			Africa
																								Atlantic			Corporate,
																								Copper			Other &
			Other					Cerro		Other										Molyb-		Rod &		Smelting			Elimi-			FCX
	Morenci		Mines			Total		Verde		Mines			Total		Grasberg			Tenke		denum		Refining		& Refining			nations			Total
Three Months Ended June 30, 2012
Revenues:
Unaffiliated customers	$	105	$	(5	)	$	100	$	332	$	546		$	878	$	875	^a	$	317	$	334	$	1,283	$	686		$	2		$	4,475
Intersegment	405		922			1,327		151		(13		)	138		81			5		—		7		9			(1,567		)	—
Production and delivery	279		503			782		185		305			490		594			152		277		1,281		669			(1,623		)	2,622
Depreciation, depletion and amortization	33		61			94		33		39			72		53			40		14		3		10			5			291
Selling, general and administrative expenses	1		—			1		—		1			1		27			1		3		—		5			59			97
Exploration and research expenses	—		—			—		—		—			—		—			—		1		—		—			72			73
Environmental obligations and shutdown costs	—		42			42		—		—			—		—			—		—		—		—			39			81
Operating income (loss)	197		311			508		265		188			453		282			129		39		6		11			(117		)	1,311

Interest expense, net	—		1			1		—		—			—		3			—		—		—		3			36			43
Provision for income taxes	—		—			—		96		55			151		126			22		—		—		—			123			422
Total assets at June 30, 2012	2,135		5,356			7,491		5,472		4,081			9,553		5,883			4,318		2,561		327		990			2,566			33,689
Capital expenditures	52		102			154		116		124			240		205			170		58		—		4			9			840

Three Months Ended June 30, 2011
Revenues:
Unaffiliated customers	$	157	$	94		$	251	$	598	$	638		$	1,236	$	1,465	^a	$	375	$	413	$	1,421	$	651		$	2		$	5,814
Intersegment	438		870			1,308		138		74			212		99			3		—		6		2			(1,630		)	—
Production and delivery	257		414			671		198		243			441		518			156		286		1,421		685			(1,621		)	2,557
Depreciation, depletion and amortization	30		41			71		36		30			66		60			38		16		2		9			5			267
Selling, general and administrative expenses	1		—			1		1		—			1		28			3		4		—		5			65			107
Exploration and research expenses	1		—			1		—		—			—		—			—		1		—		—			64			66
Environmental obligations and shutdown costs	3		—			3		—		—			—		—			—		—		1		—			56			60
Operating income (loss)	303		509			812		501		439			940		958			181		106		3		(46		)	(197		)	2,757

Interest expense, net	1		2			3		1		—			1		1			1		—		—		4			64			74
Provision for income taxes	—		—			—		159		162			321		405			40		—		—		—			140			906
Total assets at June 30, 2011	1,970		4,797			6,767		4,732		3,558			8,290		5,876			3,744		2,193		359		1,316			2,034			30,579
Capital expenditures	19		66			85		32		85			117		176			29		91		2		16			11			527


a.	Includes PT Freeport Indonesia’s sales to PT Smelting totaling $368 million in second-quarter 2012 and $653 million in second-quarter 2011.




(In millions)	North America Copper Mines						South America						Indonesia			Africa
																						Atlantic			Corporate,
																						Copper			Other &
			Other				Cerro		Other									Molyb-		Rod &		Smelting			Elimi-			FCX
	Morenci		Mines		Total		Verde		Mines		Total		Grasberg			Tenke		denum		Refining		& Refining			nations			Total
Six Months Ended June 30, 2012
Revenues:
Unaffiliated customers	$	118	$	12	$	130	$	781	$	1,072	$	1,853	$	1,828	^a	$	620	$	674	$	2,581	$	1,390		$	4		$	9,080
Intersegment	918		1,835		2,753		278		139		417		78			7		—		13		17			(3,285		)	—
Production and delivery	535		954		1,489		378		575		953		1,089			284		539		2,578		1,364			(3,246		)	5,050
Depreciation, depletion and amortization	64		123		187		63		71		134		99			72		29		5		20			12			558
Selling, general and administrative expenses	1		1		2		1		2		3		60			3		6		—		10			117			201
Exploration and research expenses	—		—		—		—		—		—		—			—		2		—		—			133			135
Environmental obligations and shutdown costs	—		42		42		—		—		—		—			—		—		—		—			49			91
Operating income (loss)	436		727		1,163		617		563		1,180		658			268		98		11		13			(346		)	3,045

Interest expense, net	—		2		2		5		—		5		3			—		—		—		6			90			106
Provision for income taxes	—		—		—		219		172		391		276			51		—		—		—			195			913
Capital expenditures	96		201		297		185		207		392		387			297		153		3		7			11			1,547

Six Months Ended June 30, 2011
Revenues:
Unaffiliated customers	$	293	$	110	$	403	$	1,266	$	1,233	$	2,499	$	2,837	^a	$	684	$	787	$	2,902	$	1,407		$	4		$	11,523
Intersegment	824		1,693		2,517		198		153		351		457			3		—		12		8			(3,348		)	—
Production and delivery	467		792		1,259		373		479		852		1,044			280		526		2,902		1,448			(3,377		)	4,934
Depreciation, depletion and amortization	58		71		129		70		53		123		117			66		30		4		19			11			499
Selling, general and administrative expenses	1		1		2		2		1		3		71			5		8		—		13			119			221
Exploration and research expenses	1		—		1		—		—		—		—			—		2		—		—			113			116
Environmental obligations and shutdown costs	3		—		3		—		—		—		—			—		—		1		—			56			60
Operating income (loss)	587		939		1,526		1,019		853		1,872		2,062			336		221		7		(65		)	(266		)	5,693

Interest expense, net	2		3		5		1		—		1		2			3		—		—		8			153			172
Provision for income taxes	—		—		—		322		305		627		901			80		—		—		—			282			1,890
Capital expenditures	48		156		204		56		201		257		301			40		162		5		24			39			1,032


a.	Includes PT Freeport Indonesia’s sales to PT Smelting totaling $957 million for the first six months of 2012 and $1.3 billion for the first six months of 2011.