Financial Information by Business Segments



(In millions)	Mining Operations
	North America Copper Mines							South America							Indonesia				Africa
																											Atlantic			Other										Corporate,
																					Molyb-						Copper			Mining						U.S.				Other
			Other					Cerro			Other										denum				Rod &		Smelting			& Elimi-				Total		Oil & Gas				& Elimi-			FCX
	Morenci		Mines			Total		Verde			Mines^a		Total		Grasberg				Tenke		Mines				Refining		& Refining			nations				Mining		Operations^b				nations			Total
Three Months Ended June 30, 2015
Revenues:
Unaffiliated customers	$	180	$	92		$	272	$	195		$	221	$	416	$	792		^c	$	310	$	—			$	1,089	$	495		$	305		^d	$	3,679	$	569		^e	$	—		$	4,248
Intersegment	427		706			1,133		37			—		37		(2		)	^f	41		102				8		5			(1,324		)		—		—				—			—
Production and delivery	386		576		^g	962		165			150		315		455				190		84			^g	1,088		468			(997		)	^g	2,565		281				2			2,848
Depreciation, depletion and amortization	55		84			139		40			32		72		78				57		25				3		9			19				402		485				3			890
Impairment of oil and gas properties	—		—			—		—			—		—		—				—		—				—		—			—				—		2,686				—			2,686
Selling, general and administrative expenses	—		2			2		—			1		1		25				3		—				—		4			5				40		49				62			151
Mining exploration and research expenses	—		2			2		—			—		—		—				—		—				—		—			34				36		—				—			36
Environmental obligations and shutdown costs	—		—			—		—			—		—		—				—		—				—		—			11				11		—				—			11
Operating income (loss)	166		134			300		27			38		65		232				101		(7		)		6		19			(91		)		625		(2,932		)		(67		)	(2,374		)

Interest expense, net	—		1			1		—			—		—		—				—		—				—		2			39				42		41				66			149
Provision for (benefit from) income taxes	—		—			—		(5		)	11		6		95				27		—				—		—			—				128		—				(815		)	(687		)
Total assets at June 30, 2015	3,806		5,582			9,388		8,567			1,935		10,502		8,959				5,125		2,052				286		786			1,336				38,434		15,393				181			54,008
Capital expenditures	79		28			107		444			13		457		213				58		4				—		4			11				854		777				30			1,661

Three Months Ended June 30, 2014
Revenues:
Unaffiliated customers	$	52	$	55		$	107	$	421		$	524	$	945	$	523		^c	$	386	$	—			$	1,234	$	623		$	468		^d	$	4,286	$	1,236		^e	$	—		$	5,522
Intersegment	474		888			1,362		23			63		86		—				32		170				8		6			(1,664		)		—		—				—			—
Production and delivery	312		558			870		195			335		530		511				198		81				1,233		618			(1,287		)		2,754		329				(1		)	3,082
Depreciation, depletion and amortization	43		85			128		43			52		95		54				63		24				3		10			17				394		616				3			1,013
Selling, general and administrative expenses	1		—			1		1			1		2		25				3		—				—		5			6				42		59				63			164
Mining exploration and research expenses	—		2			2		—			—		—		—				—		—				—		—			32				34		—				—			34
Environmental obligations and shutdown costs	—		—			—		—			—		—		—				—		—				—		—			76				76		—				—			76
Operating income (loss)	170		298			468		205			199		404		(67		)		154		65				6		(4		)	(40		)		986		232				(65		)	1,153

Interest expense, net	—		1			1		—			—		—		—				—		—				—		3			18				22		74				68			164
Provision for (benefit from) income taxes	—		—			—		73			67		140		(33		)		33		—				—		—			—				140		—				188			328
Total assets at June 30, 2014	3,675		5,822			9,497		6,876			3,791		10,667		7,972				4,952		2,095				299		882			1,127				37,491		25,293				1,119			63,903
Capital expenditures	289		35			324		391			25		416		243				29		14				1		5			17				1,049		903				(2		)	1,950


a.	Second-quarter 2014 includes the results of the Candelaria and Ojos del Salado mining operations, which were sold in November 2014.


b.	Second-quarter 2014 includes the results from Eagle Ford, which was sold in June 2014.


c.	Includes PT-FI’s sales to PT Smelting totaling $293 million in second-quarter 2015 and $540 million in second-quarter 2014.


d.	Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.


e.	Includes net mark-to-market gains (losses) associated with crude oil and natural gas derivative contracts totaling $6 million in second-quarter 2015 and $(70) million in second-quarter 2014.


f.	Amounts include net reductions for provisional pricing adjustments to prior period open sales. There were no intersegment sales from Grasberg in second-quarter 2015.


g.	Includes LCM inventory adjustments totaling $11 million at other North America copper mines, $3 million at Molybdenum mines and $45 million at other mining & eliminations (see Note 4).




(In millions)	Mining Operations
	North America Copper Mines									South America								Indonesia				Africa
																														Atlantic			Other											Corporate,
																								Molyb-						Copper			Mining							U.S.				Other
			Other							Cerro		Other												denum				Rod &		Smelting			& Elimi-				Total			Oil & Gas				& Elimi-			FCX
	Morenci		Mines				Total			Verde		Mines^a				Total		Grasberg				Tenke		Mines				Refining		& Refining			nations				Mining			Operations^b				nations			Total
Six Months Ended June 30, 2015
Revenues:
Unaffiliated customers	$	286	$	207			$	493		$	443	$	452			$	895	$	1,413		^c	$	692	$	—			$	2,151	$	1,035		$	653		^d	$	7,332		$	1,069		^e	$	—		$	8,401
Intersegment	877		1,370				2,247			51		(7		)	^f	44		(16		)	^f	69		215				15		11			(2,585		)		—			—				—			—
Production and delivery	760		1,145			^g	1,905			363		297				660		894				425		167			^g	2,151		987			(1,998		)	^g	5,191			564				5			5,760
Depreciation, depletion and amortization	106		166				272			77		70				147		148				130		51				5		19			35				807			1,015				7			1,829
Impairment of oil and gas properties	—		—				—			—		—				—		—				—		—				—		—			—				—			5,790				—			5,790
Selling, general and administrative expenses	1		2				3			1		1				2		50				6		—				—		9			11				81			103				121			305
Mining exploration and research expenses	—		5				5			—		—				—		—				—		—				—		—			64				69			—				—			69
Environmental obligations and shutdown costs	—		—				—			—		—				—		—				—		—				—		—			24				24			—				—			24
Net gain on sales of assets	—		(39		)		(39		)	—		—				—		—				—		—				—		—			—				(39		)	—				—			(39		)
Operating income (loss)	296		298				594			53		77				130		305				200		(3		)		10		31			(68		)		1,199			(6,403		)		(133		)	(5,337		)

Interest expense, net	1		1				2			1		—				1		—				—		—				—		5			79				87			78				130			295
Provision for (benefit from) income taxes	—		—				—			—		30				30		124				53		—				—		—			—				207			—				(1,589		)	(1,382		)
Capital expenditures	163		51				214			875		27				902		438				97		7				1		8			27				1,694			1,795				39			3,528

Six Months Ended June 30, 2014
Revenues:
Unaffiliated customers	$	75	$	116			$	191		$	701	$	946			$	1,647	$	985		^c	$	692	$	—			$	2,380	$	1,211		$	904		^d	$	8,010		$	2,497		^e	$	—		$	10,507
Intersegment	918		1,646				2,564			87		195				282		8				53		296				16		11			(3,230		)		—			—				—			—
Production and delivery	595		1,061				1,656			360		646				1,006		894				350		157				2,381		1,206			(2,470		)		5,180			640				(1		)	5,819
Depreciation, depletion and amortization	77		158				235			79		103				182		102				114		46				5		20			36				740			1,232				7			1,979
Selling, general and administrative expenses	1		1				2			2		2				4		46				6		—				—		9			13				80			116				103			299
Mining exploration and research expenses	—		4				4			—		—				—		—				—		—				—		—			60				64			—				—			64
Environmental obligations and shutdown costs	—		—				—			—		—				—		—				—		—				—		—			82				82			—				—			82
Operating income (loss)	320		538				858			347		390				737		(49		)		275		93				10		(13		)	(47		)		1,864			509				(109		)	2,264

Interest expense, net	1		1				2			—		—				—		—				—		—				—		7			36				45			150				130			325
Provision for (benefit from) income taxes	—		—				—			130		137				267		(15		)		57		—				—		—			—				309			—				376			685
Capital expenditures	533		94				627			791		48				839		479				60		33				2		6			27				2,073			1,484				5			3,562


a.	The first six months of 2014 include the results of the Candelaria and Ojos del Salado mining operations, which were sold in November 2014.


b.	The first six months of 2014 include the results from Eagle Ford, which was sold in June 2014.


c.	Includes PT-FI’s sales to PT Smelting totaling $643 million for the first six months of 2015 and $913 million for the first six months of 2014.


d.	Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.


e.	Includes net mark-to-market gains (losses) associated with crude oil and natural gas derivative contracts totaling $58 million for the first six months 2015 and $(120) million for the first six months of 2014.


f.	Amounts include net reductions for provisional pricing adjustments to prior period open sales. There were no intersegment sales from El Abra or Grasberg for the first six months of 2015.


g.	Includes LCM inventory adjustments totaling $11 million at other North America copper mines, $3 million at Molybdenum mines and $49 million at other mining & eliminations (see Note 4).