Income Taxes (Unaudited) (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Geographic Sources of Provision for Income Taxes

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

	Three Months Ended							Six Months Ended
	June 30,							June 30,
	2015				2014			2015				2014
U.S. operations	$	(829	)	a	$	149	b	$	(1,664	)	a	$	285	b
International operations	142				179			282				400
Total	$	(687	)		$	328		$	(1,382	)		$	685

a. As a result of the impairment to oil and gas properties, FCX recorded tax charges of $305 million for second-quarter2015 and $763 million for the first six months of 2015 to establish a valuation allowance primarily against U.S. federal alternative minimum tax credits. Excluding this charge, FCX's consolidated effective income tax rate was 38 percent for the first six months of 2015.

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