XML 22 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segments (Unaudited) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Revenues:          
Unaffiliated customers $ 4,475 $ 5,814 $ 9,080 $ 11,523  
Intersegment 0 0 0 0  
Production and delivery 2,622 2,557 5,050 4,934  
Depreciation, depletion and amortization 291 267 558 499  
Selling, general and administrative expenses 97 107 201 221  
Exploration and research expenses 73 66 135 116  
Environmental obligations and shutdown costs 81 60 91 60  
Operating income (loss) 1,311 2,757 3,045 5,693  
Interest expense, net 43 74 106 172  
Provision for income taxes 422 906 913 1,890  
Total assets 33,689 30,579 33,689 30,579 32,070
Capital expenditures 840 527 1,547 1,032  
Sales from PT Freeport Indonesia to PT Smelting 368 653 957 1,300  
North America Copper Mines Segment [Member]
         
Revenues:          
Unaffiliated customers 100 251 130 403  
Intersegment 1,327 1,308 2,753 2,517  
Production and delivery 782 671 1,489 1,259  
Depreciation, depletion and amortization 94 71 187 129  
Selling, general and administrative expenses 1 1 2 2  
Exploration and research expenses 0 1 0 1  
Environmental obligations and shutdown costs 42 3 42 3  
Operating income (loss) 508 812 1,163 1,526  
Interest expense, net 1 3 2 5  
Provision for income taxes 0 0 0 0  
Total assets 7,491 6,767 7,491 6,767  
Capital expenditures 154 85 297 204  
Morenci [Member]
         
Revenues:          
Unaffiliated customers 105 157 118 293  
Intersegment 405 438 918 824  
Production and delivery 279 257 535 467  
Depreciation, depletion and amortization 33 30 64 58  
Selling, general and administrative expenses 1 1 1 1  
Exploration and research expenses 0 1 0 1  
Environmental obligations and shutdown costs 0 3 0 3  
Operating income (loss) 197 303 436 587  
Interest expense, net 0 1 0 2  
Provision for income taxes 0 0 0 0  
Total assets 2,135 1,970 2,135 1,970  
Capital expenditures 52 19 96 48  
Other North America Copper Mines [Member]
         
Revenues:          
Unaffiliated customers (5) 94 12 110  
Intersegment 922 870 1,835 1,693  
Production and delivery 503 414 954 792  
Depreciation, depletion and amortization 61 41 123 71  
Selling, general and administrative expenses 0 0 1 1  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 42 0 42 0  
Operating income (loss) 311 509 727 939  
Interest expense, net 1 2 2 3  
Provision for income taxes 0 0 0 0  
Total assets 5,356 4,797 5,356 4,797  
Capital expenditures 102 66 201 156  
South America Mines Segment [Member]
         
Revenues:          
Unaffiliated customers 878 1,236 1,853 2,499  
Intersegment 138 212 417 351  
Production and delivery 490 441 953 852  
Depreciation, depletion and amortization 72 66 134 123  
Selling, general and administrative expenses 1 1 3 3  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 453 940 1,180 1,872  
Interest expense, net 0 1 5 1  
Provision for income taxes 151 321 391 627  
Total assets 9,553 8,290 9,553 8,290  
Capital expenditures 240 117 392 257  
Cerro Verde [Member]
         
Revenues:          
Unaffiliated customers 332 598 781 1,266  
Intersegment 151 138 278 198  
Production and delivery 185 198 378 373  
Depreciation, depletion and amortization 33 36 63 70  
Selling, general and administrative expenses 0 1 1 2  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 265 501 617 1,019  
Interest expense, net 0 1 5 1  
Provision for income taxes 96 159 219 322  
Total assets 5,472 4,732 5,472 4,732  
Capital expenditures 116 32 185 56  
Other South America Mines [Member]
         
Revenues:          
Unaffiliated customers 546 638 1,072 1,233  
Intersegment (13) 74 139 153  
Production and delivery 305 243 575 479  
Depreciation, depletion and amortization 39 30 71 53  
Selling, general and administrative expenses 1 0 2 1  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 188 439 563 853  
Interest expense, net 0 0 0 0  
Provision for income taxes 55 162 172 305  
Total assets 4,081 3,558 4,081 3,558  
Capital expenditures 124 85 207 201  
Indonesia - Grasberg [Member]
         
Revenues:          
Unaffiliated customers 875 [1] 1,465 [1] 1,828 [2] 2,837 [2]  
Intersegment 81 99 78 457  
Production and delivery 594 518 1,089 1,044  
Depreciation, depletion and amortization 53 60 99 117  
Selling, general and administrative expenses 27 28 60 71  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 282 958 658 2,062  
Interest expense, net 3 1 3 2  
Provision for income taxes 126 405 276 901  
Total assets 5,883 5,876 5,883 5,876  
Capital expenditures 205 176 387 301  
Africa - Tenke [Member]
         
Revenues:          
Unaffiliated customers 317 375 620 684  
Intersegment 5 3 7 3  
Production and delivery 152 156 284 280  
Depreciation, depletion and amortization 40 38 72 66  
Selling, general and administrative expenses 1 3 3 5  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 129 181 268 336  
Interest expense, net 0 1 0 3  
Provision for income taxes 22 40 51 80  
Total assets 4,318 3,744 4,318 3,744  
Capital expenditures 170 29 297 40  
Molybdenum [Member]
         
Revenues:          
Unaffiliated customers 334 413 674 787  
Intersegment 0 0 0 0  
Production and delivery 277 286 539 526  
Depreciation, depletion and amortization 14 16 29 30  
Selling, general and administrative expenses 3 4 6 8  
Exploration and research expenses 1 1 2 2  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 39 106 98 221  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Total assets 2,561 2,193 2,561 2,193  
Capital expenditures 58 91 153 162  
Rod & Refining [Member]
         
Revenues:          
Unaffiliated customers 1,283 1,421 2,581 2,902  
Intersegment 7 6 13 12  
Production and delivery 1,281 1,421 2,578 2,902  
Depreciation, depletion and amortization 3 2 5 4  
Selling, general and administrative expenses 0 0 0 0  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 1 0 1  
Operating income (loss) 6 3 11 7  
Interest expense, net 0 0 0 0  
Provision for income taxes 0 0 0 0  
Total assets 327 359 327 359  
Capital expenditures 0 2 3 5  
Atlantic Copper Smelting & Refining [Member]
         
Revenues:          
Unaffiliated customers 686 651 1,390 1,407  
Intersegment 9 2 17 8  
Production and delivery 669 685 1,364 1,448  
Depreciation, depletion and amortization 10 9 20 19  
Selling, general and administrative expenses 5 5 10 13  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (loss) 11 (46) 13 (65)  
Interest expense, net 3 4 6 8  
Provision for income taxes 0 0 0 0  
Total assets 990 1,316 990 1,316  
Capital expenditures 4 16 7 24  
Corporate, Other & Eliminations [Member]
         
Revenues:          
Unaffiliated customers 2 2 4 4  
Intersegment (1,567) (1,630) (3,285) (3,348)  
Production and delivery (1,623) (1,621) (3,246) (3,377)  
Depreciation, depletion and amortization 5 5 12 11  
Selling, general and administrative expenses 59 65 117 119  
Exploration and research expenses 72 64 133 113  
Environmental obligations and shutdown costs 39 56 49 56  
Operating income (loss) (117) (197) (346) (266)  
Interest expense, net 36 64 90 153  
Provision for income taxes 123 140 195 282  
Total assets 2,566 2,034 2,566 2,034  
Capital expenditures $ 9 $ 11 $ 11 $ 39  
[1] Includes PT Freeport Indonesia’s sales to PT Smelting totaling $368 million in second-quarter 2012 and $653 million in second-quarter 2011.
[2] 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.