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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues $ 5,814 $ 3,864 $ 11,523 $ 8,227
Cost of sales:        
Production and delivery 2,557 2,052 4,934 3,968
Depreciation, depletion and amortization 267 249 499 520
Total cost of sales 2,824 2,301 5,433 4,488
Selling, general and administrative expenses 107 101 221 196
Exploration and research expenses 66 38 116 69
Environmental obligations and shutdown costs 60 0 60 2
Total costs and expenses 3,057 2,440 5,830 4,755
Operating income 2,757 1,424 5,693 3,472
Interest expense, net (74) (122) (172) (267)
Losses on early extinguishment of debt (61) (50) (68) (77)
Other income, net 2 9 12 21
Income before income taxes and equity in affiliated companies' net earnings 2,624 1,261 5,465 3,149
Provision for income taxes (906) (433) (1,890) (1,111)
Equity in affiliated companies' net earnings 8 4 12 9
Net income 1,726 832 3,587 2,047
Net income attributable to noncontrolling interests (358) (168) (720) (438)
Preferred dividends 0 (15) 0 (63)
Net income attributable to FCX common stockholders $ 1,368 $ 649 $ 2,867 $ 1,546
Net income per share attributable to FCX common stockholders:        
Basic $ 1.44 $ 0.71 $ 3.03 $ 1.74
Diluted $ 1.43 $ 0.70 $ 3.00 $ 1.70
Weighted-average common shares outstanding:        
Basic 947 915 947 888
Diluted 956 947 956 947
Dividends declared per share of common stock $ 0.75 $ 0.15 $ 1.00 $ 0.225