Income Taxes (Unaudited) (Tables)

6 Months Ended

Jun. 30, 2014

Geographic Sources of Provision for Income Taxes

Geographic sources of FCX's provision for income taxes follow (in millions):



	Three Months Ended							Six Months Ended
	June 30,							June 30,
	2014			2013				2014			2013
U.S. operations	$	149	^a	$	(95	)	^b	$	285	^a	$	(19	)	^b
International operations	179			135				400			487
Total	$	328		$	40			$	685		$	468


a.	FCX recognized a $58 million charge for deferred taxes recorded in connection with the allocation of goodwill to the sale of Eagle Ford.

As a result of second-quarter 2013 oil and gas acquisitions, FCX recognized a net tax benefit of $183 million, consisting of income tax benefits of $190 million associated with net reductions in FCX's valuation allowances and $69 million related to the release of the deferred tax liability on PXP's investment in MMR common stock; partially offset by income tax expense of $76 million associated with the write off of deferred tax assets related to environmental liabilities.