Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions	Jun. 30, 2011		Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 4,378		$ 3,738
Trade accounts receivable	1,533		2,132
Other accounts receivable	252		293
Inventories:
Product	1,399		1,409
Materials and supplies, net	1,277	[1]	1,169	[1]
Mill and leach stockpiles	1,072		856
Other current assets	262		254
Total current assets	10,173		9,851
Property, plant, equipment and development costs, net	17,500		16,785
Long-term mill and leach stockpiles	1,523	[2]	1,425	[2]
Intangible assets, net	323		328
Other assets	1,060		997
Total assets	30,579		29,386
Current liabilities:
Accounts payable and accrued liabilities	2,343		2,441
Accrued income taxes	258		648
Dividends payable	239		240
Current portion of reclamation and environmental obligations	191		207
Rio Tinto's share of joint venture cash flows	70		132
Current portion of debt	5		95
Total current liabilities	3,106		3,763
Long-term debt, less current portion	3,537		4,660
Deferred income taxes	3,265		2,873
Reclamation and environmental obligations, less current portion	2,123		2,071
Other liabilities	1,446		1,459
Total liabilities	13,477		14,826
FCX stockholders' equity:
Common stock	107		107
Capital in excess of par value	18,942		18,751
Accumulated deficit	(672)		(2,590)
Accumulated other comprehensive loss	(316)		(323)
Common stock held in treasury	(3,553)		(3,441)
Total FCX stockholders' equity	14,508		12,504
Noncontrolling interests	2,594		2,056
Total equity	17,102		14,560
Total liabilities and equity	$ 30,579		$ 29,386

[1] Materials and supplies inventory is net of obsolescence reserves totaling $23 million at June 30, 2011, and $26 million at December 31, 2010.

[2] Metals in stockpiles not expected to be recovered within the next 12 months.