XML 24 R47.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Long-Term Debt (Narrative) (Details) (USD $)
1 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jul. 28, 2011
Jul. 01, 2011
Jul. 28, 2011
Dec. 15, 2009
Dec. 15, 2009
Parent Company [Member]
North America [Member]
Subordinated Convertible Notes [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
Senior Floating Rate Notes [Member]
Dec. 31, 2010
Parent Company [Member]
North America [Member]
Senior Floating Rate Notes [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
Senior Floating Rate Notes Due 2015 [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
Subordinated Convertible Notes due 2029 [Member]
Dec. 31, 2010
Parent Company [Member]
North America [Member]
Subordinated Convertible Notes due 2029 [Member]
Nov. 30, 2006
Parent Company [Member]
North America [Member]
0.875% Convertible Notes due 2013 [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
Senior Convertible Notes One Percent Due 2012 [Member]
Dec. 31, 2010
Parent Company [Member]
North America [Member]
Senior Convertible Notes One Percent Due 2012 [Member]
Dec. 15, 2009
Parent Company [Member]
North America [Member]
Senior Convertible Notes One Percent Due 2012 [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
1.00% Senior Convertible Notes [Member]
Jul. 01, 2011
Parent Company [Member]
North America [Member]
7.125% Senior Notes due 2017 [Member]
Dec. 31, 2010
Parent Company [Member]
North America [Member]
7.125% Senior Notes due 2017 [Member]
Jul. 01, 2011
Minimum [Member]
Eurodollar Loans [Member]
Jul. 01, 2011
Minimum [Member]
Alternative Base Rate Loans [Member]
Jul. 01, 2011
Maximum [Member]
Eurodollar Loans [Member]
Jul. 01, 2011
Maximum [Member]
Alternative Base Rate Loans [Member]
Dec. 15, 2009
Subordinated Convertible Notes [Member]
Jul. 01, 2011
9.5% Senior Notes [Member]
Jul. 01, 2011
Senior Floating Rate Notes [Member]
Dec. 31, 2010
Senior Floating Rate Notes [Member]
Jul. 01, 2011
Senior Floating Rate Notes Due 2015 [Member]
Jul. 01, 2011
Subordinated Convertible Notes due 2029 [Member]
Dec. 31, 2010
Subordinated Convertible Notes due 2029 [Member]
Jul. 01, 2011
Senior Unsecured Notes [Member]
Nov. 30, 2006
0.875% Convertible Notes due 2013 [Member]
Jul. 01, 2011
0.875% Convertible Notes due 2013 [Member]
Jul. 01, 2011
1.00% Senior Convertible Notes due 2012 [Member]
Jul. 01, 2011
Senior Convertible Notes One Percent Due 2012 [Member]
Dec. 31, 2010
Senior Convertible Notes One Percent Due 2012 [Member]
Dec. 15, 2009
Senior Convertible Notes One Percent Due 2012 [Member]
Dec. 31, 2008
Senior Convertible Notes One Percent Due 2012 [Member]
Sep. 30, 2007
Senior Convertible Notes One Percent Due 2012 [Member]
Jul. 01, 2011
1.00% Senior Convertible Notes [Member]
Jul. 01, 2011
7.125% Senior Notes due 2017 [Member]
Dec. 31, 2010
7.125% Senior Notes due 2017 [Member]
Jul. 01, 2011
Amended Credit Facility [Member]
Maturities of long-term debt range, start   July 1, 2011                                                                              
Maturities of long-term debt range, end   June 30, 2016                                                                              
Maturities of long-term debt in 2011   $ 211,700,000                                                                              
Maturities of long-term debt in 2012   77,800,000                                                                              
Maturities of long-term debt in 2013   315,400,000                                                                              
Maturities of long-term debt in 2014   8,200,000                                                                              
Maturities of long-term debt in 2015   130,600,000                                                                              
Maturities of long-term debt in 2016 and thereafter   375,400,000                                                                              
Debt maturity date                                                   2015 November 2029       November 15, 2013   October 2012           April 2017    
Debt principal amount         429,500,000 125,000,000 125,000,000 125,000,000 429,500,000 429,500,000 355,000,000 10,600,000 10,600,000 10,600,000 10,600,000 200,000,000 200,000,000                       325,000,000               475,000,000        
Interest rate on notes                                             9.50% 2.60% 2.70%         0.875% 0.875%   1.00%   1.00%     1.00% 7.125% 7.125%  
Fair value of debt                                               123,400,000 114,400,000   599,400,000 521,000,000         10,000,000 9,700,000         205,000,000 197,500,000  
Nonconvertible debt borrowing rate on debt instrument issuance date                                           12.50%               7.35% 0.875% 1.00%       7.50%   1.00% 7.125%    
Liability component of convertible notes                                           162,900,000         164,500,000 163,900,000     230,900,000   9,800,000 9,500,000 389,700,000   348,200,000        
Equity component of convertible notes                                           266,600,000                 124,100,000       74,700,000   126,800,000        
Debt issuance fees and expenses                                           14,500,000                                     11,100,000
Amount of convertible notes tendered in exchange offer                                                                     464,400,000            
Percentage of convertible notes tendered in exchange offer                                                                     97.80%            
Debt instrument original issuance date                                                           November of 2006     September 2007                
Purchase price of Phelps Dodge International Corporation funded by proceeds from notes                                                                 707,600,000                
Weighted average conversion price per share $ 43.22   $ 41.45                                               $ 36.75       $ 50.36 $ 83.93                  
Common stock covered under note hedge                                                             7,048,880                    
Number of common stock shares required to be issued on exercise of warrants in equal installments on each of the fifteen consecutive business days beginning on and including February 13, 2014                                                             7,048,880                    
Weighted average outstanding share price excess of strike price                                                             $ 76.00                    
Premium over the closing price of the Company's shares of common stock included in strike price                                                             92.4                    
Payment of outstanding debt including accrued interest, under the company's amended credit facility                                                             87,800,000                    
Payments for cost of note hedges                                                             124,500,000                    
Payment of issuance costs and expenses of related to notes                                                         7,900,000   9,400,000             12,300,000      
Proceeds from the issuance of the warrants                                                             80,400,000                    
Net increase in cash from receipt of the funds from convertible notes and related payments used for general                                                             213,700,000                    
Notes originally issued amount                                                         325,000,000                        
Payments for senior notes                                             285,000,000                                    
Payment for accrued interest related to senior notes                                             9,300,000                                    
Payment for tender fees and the inducement premium related to senior notes                                             20,500,000                                    
Net cash proceeds from notes used for general corporate purposes                                                         2,300,000                        
Borrowing capacity under credit facility                                                                                 400,000,000
Sublimit for issuance of commercial and standby letters of credit                                                                                 50,000,000
Sublimit for swingline loans under credit facility for issuance of commercial and standby letters of credit                                                                                 20,000,000
LIBOR plus interest rate                                   1.125% 0.00% 1.875% 0.625%                                        
Proceeds from issuance of subordinated convertible notes transaction       $ 0