Business Segments



(In millions)	North America Copper Mines						South America						Indonesia			Africa
																						Atlantic			Corporate,
																						Copper			Other &
			Other				Cerro		Other									Molyb-		Rod &		Smelting			Elimi-			FCX
	Morenci		Mines		Total		Verde		Mines		Total		Grasberg			Tenke		denum		Refining		& Refining			nations			Total
Three Months Ended June 30, 2011
Revenues:
Unaffiliated customers	$	157	$	94	$	251	$	598	$	638	$	1,236	$	1,465	^a	$	375	$	413	$	1,421	$	651		$	2		$	5,814
Intersegment	441		855		1,296		138		74		212		99			3		—		6		2			(1,618		)	—
Production and delivery	260		399		659		198		243		441		518			156		286		1,421		685			(1,609		)	2,557
Depreciation, depletion and amortization	30		41		71		36		30		66		60			38		16		2		9			5			267
Selling, general and administrative expenses	1		—		1		1		—		1		28			3		4		—		5			65			107
Exploration and research expenses	1		—		1		—		—		—		—			—		1		—		—			64			66
Environmental obligations and shutdown costs	3		—		3		—		—		—		—			—		—		1		—			56			60
Operating income (loss)	303		509		812		501		439		940		958			181		106		3		(46		)	(197		)	2,757

Interest expense, net	1		2		3		1		—		1		1			1		—		—		4			64			74
Provision for income taxes	—		—		—		159		162		321		392			40		—		—		—			153			906
Total assets at June 30, 2011	1,970		4,797		6,767		4,732		3,558		8,290		5,876			3,744		2,193		359		1,316			2,034			30,579
Capital expenditures	19		66		85		32		85		117		176			29		91		2		16			11			527

Three Months Ended June 30, 2010
Revenues:
Unaffiliated customers	$	1	$	1	$	2	$	274	$	453	$	727	$	871	^a	$	207	$	325	$	1,123	$	605		$	4		$	3,864
Intersegment	386		656		1,042		108		14		122		56			—		—		6		11			(1,237		)	—
Production and delivery	177		360		537		148		241		389		427			96		190		1,121		605			(1,313		)	2,052
Depreciation, depletion and amortization	35		36		71		33		26		59		57			30		12		2		9			9			249
Selling, general and administrative expenses	—		—		—		—		—		—		23			—		3		—		4			71			101
Exploration and research expenses	—		—		—		—		—		—		—			—		—		—		—			38			38
Environmental obligations and shutdown costs	—		—		—		—		—		—		—			—		—		—		—			—			—
Operating income (loss)	175		261		436		201		200		401		420			81		120		6		(2		)	(38		)	1,424

Interest expense, net	—		3		3		—		—		—		—			—		—		—		3			116			122
Provision for income taxes	—		—		—		68		66		134		177			18		—		—		—			104			433
Total assets at June 30, 2010	1,882		4,218		6,100		4,318		2,744		7,062		4,703			3,458		1,781		306		934			1,635			25,979
Capital expenditures	12		50		62		19		87		106		97			11		5		1		3			11			296


a.	Includes PT Freeport Indonesia’s sales to PT Smelting totaling $653 million in second-quarter 2011 and $373 million in second-quarter 2010.

Business Segments (Continued)



(In millions)	North America Copper Mines						South America						Indonesia			Africa
																						Atlantic			Corporate,
																						Copper			Other &
			Other				Cerro		Other									Molyb-		Rod &		Smelting			Elimi-			FCX
	Morenci		Mines		Total		Verde		Mines		Total		Grasberg			Tenke		denum		Refining		& Refining			nations			Total
Six Months Ended June 30, 2011
Revenues:
Unaffiliated customers	$	293	$	110	$	403	$	1,266	$	1,233	$	2,499	$	2,837	^a	$	684	$	787	$	2,902	$	1,407		$	4		$	11,523
Intersegment	827		1,665		2,492		198		153		351		457			3		—		12		8			(3,323		)	—
Production and delivery	470		764		1,234		373		479		852		1,044			280		526		2,902		1,448			(3,352		)	4,934
Depreciation, depletion and amortization	58		71		129		70		53		123		117			66		30		4		19			11			499
Selling, general and administrative expenses	1		1		2		2		1		3		71			5		8		—		13			119			221
Exploration and research expenses	1		—		1		—		—		—		—			—		2		—		—			113			116
Environmental obligations and shutdown costs	3		—		3		—		—		—		—			—		—		1		—			56			60
Operating income (loss)	587		939		1,526		1,019		853		1,872		2,062			336		221		7		(65		)	(266		)	5,693

Interest expense, net	2		3		5		1		—		1		2			3		—		—		8			153			172
Provision for income taxes	—		—		—		322		305		627		899			80		—		—		—			284			1,890
Capital expenditures	48		156		204		56		201		257		301			40		162		5		24			39			1,032

Six Months Ended June 30, 2010
Revenues:
Unaffiliated customers	$	10	$	16	$	26	$	732	$	950	$	1,682	$	2,032	^a	$	456	$	600	$	2,189	$	1,238		$	4		$	8,227
Intersegment	742		1,330		2,072		191		45		236		354			—		—		13		11			(2,686		)	—
Production and delivery	323		678		1,001		319		446		765		902			206		375		2,188		1,233			(2,702		)	3,968
Depreciation, depletion and amortization	77		76		153		67		53		120		120			60		25		4		19			19			520
Selling, general and administrative expenses	—		—		—		—		—		—		52			—		6		—		10			128			196
Exploration and research expenses	—		—		—		—		—		—		—			—		1		—		—			68			69
Environmental obligations and shutdown costs	—		—		—		—		—		—		—			—		—		—		—			2			2
Operating income (loss)	352		592		944		537		496		1,033		1,312			190		193		10		(13		)	(197		)	3,472

Interest expense, net	2		6		8		—		—		—		—			2		—		—		5			252			267
Provision for income taxes	—		—		—		173		158		331		570			43		—		—		—			167			1,111
Capital expenditures	15		66		81		31		123		154		195			50		12		2		12			21			527


a.	Includes PT Freeport Indonesia's sales to PT Smelting totaling $1.3 billion in the first six months of 2011 and $859 million in the first six months of 2010.