BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2011

FCX revenues attributable to the products it produced for the years ended December 31 follow:



	2011		2010		2009
Refined copper products	$	10,297	$	9,203	$	6,563
Copper in concentrates^a	5,938		5,674		4,763
Gold	2,429		2,370		2,591
Molybdenum	1,348		1,143		792
Other	868		592		331
Total	$	20,880	$	18,982	$	15,040


a.	Amounts are net of treatment and refining charges totaling $362 million for 2011, $413 million for 2010 and $429 million for 2009.

Revenues by geographic area of customer

Information concerning financial data by geographic area follows:



	Years Ended December 31,
	2011		2010		2009
Revenues:^a
United States	$	7,176	$	5,295	$	4,890
Japan	2,501		3,428		3,093
Indonesia	2,266		2,266		1,937
Spain	1,643		1,483		986
Switzerland	1,219		1,063		379
China	942		795		496
India	878		690		566
Chile	741		759		563
Korea	561		745		475
Others	2,953		2,458		1,655
Total	$	20,880	$	18,982	$	15,040


a.	Revenues are attributed to countries based on the location of the customer.

Long-lived assets by geographic area



	December 31,
	2011		2010		2009
Long-lived assets:^a
United States	$	7,899	$	7,101	$	6,499
Indonesia	4,469		3,475		3,298
Democratic Republic of Congo	3,497		3,220		3,207
Peru	3,265		3,203		3,240
Chile	2,242		1,892		1,519
Spain	257		266		277
Others	68		48		50
Total	$	21,697	$	19,205	$	18,090


a.	Long-lived assets exclude deferred tax assets and intangible assets.

Schedule of Segment Reporting Information By Segment

Business segments data for the years ended December 31 are presented in the following tables.

Business Segments



	North America Copper Mines								South America						Indonesia			Africa
	Morenci		Other Mines			Total			Cerro Verde		Other Mines		Total		Grasberg			Tenke Fung-urume		Molyb- denum		Rod & Refining		Atlantic Copper Smelting & Refining			Corporate, Other & Elimi- nations			FCX Total
Year Ended December 31, 2011
Revenues:
Unaffiliated customers	$	418	$	180		$	598		$	2,115	$	2,457	$	4,572	$	4,504	^a	$	1,282	$	1,424	$	5,523	$	2,969		$	8		$	20,880
Intersegment	1,697		3,338			5,035			417		269		686		542			7		—		26		15			(6,311		)	—
Production and delivery	984		1,645			2,629			827		1,078		1,905		1,902			591		1,036		5,527		2,991			(6,683		)	9,898
Depreciation, depletion and amortization	116		163			279			135		123		258		215			140		60		8		40			22			1,022
Selling, general and administrative expenses	2		2			4			4		3		7		124			8		15		—		22			235			415
Exploration and research expenses	7		—			7			—		—		—		—			—		3		—		—			261			271
Environmental and shutdown expenses	4		(15		)	(11		)	—		—		—		—			—		—		1		—			144			134
Operating income (loss)	1,002		1,723			2,725			1,566		1,522		3,088		2,805			550		310		13		(69		)	(282		)	9,140
Interest expense, net	2		6			8			1		—		1		8			6		—		—		15			274			312
Provision for income taxes	—		—			—			553		522		1,075		1,256			120		—		—		—			636			3,087
Total assets at December 31, 2011	2,006		5,086			7,092			5,110		3,604		8,714		5,349			3,890		2,434		259		1,109			3,223			32,070
Capital expenditures	95		400			495			198		405		603		648			193		461		10		32			92			2,534

Year Ended December 31, 2010
Revenues:
Unaffiliated customers	$	59	$	52		$	111		$	1,957	$	2,449	$	4,406	$	5,230	^a	$	1,106	$	1,205	$	4,444	$	2,473		$	7		$	18,982
Intersegment	1,465		2,597			4,062			453		132		585		1,147			—		—		26		18			(5,838		)	—
Production and delivery	691		1,361			2,052			705		973		1,678		1,904			488		784		4,442		2,470			(5,483		)	8,335
Depreciation, depletion and amortization	134		139			273			148		102		250		257			128		51		8		38			31			1,036
Selling, general and administrative expenses	—		—			—			—		—		—		117			—		11		—		20			233			381
Exploration and research expenses	—		—			—			—		—		—		—			—		2		—		—			141			143
Environmental and shutdown expenses	—		—			—			—		—		—		—			—		—		1		—			18			19
Operating income (loss)	699		1,149			1,848			1,557		1,506		3,063		4,099			490		357		19		(37		)	(771		)	9,068
Interest expense, net	4		10			14			—		—		—		—			5		—		—		10			433			462
Provision for income taxes	—		—			—			516		483		999		1,709			118		—		—		—			157			2,983
Total assets at December 31, 2010	1,940		4,477			6,417			4,272		3,263		7,535		6,048			3,640		1,897		311		1,317			2,221			29,386
Capital expenditures	47		186			233			106		364		470		436			100		89		7		28			49			1,412


a.	Includes PT Freeport Indonesia's sales to PT Smelting totaling $2.3 billion in 2011 and 2010.



	North America Copper Mines						South America						Indonesia				Africa
	Morenci		Other Mines		Total		Cerro Verde		Other Mines		Total		Grasberg				Tenke Fung-urume				Molyb- denum			Rod & Refining			Atlantic Copper Smelting & Refining			Corporate, Other & Elimi- nations			FCX Total
Year Ended December 31, 2009
Revenues:
Unaffiliated customers	$	68	$	94	$	162	$	1,491	$	1,950	$	3,441	$	4,972		^a	$	389			$	847		$	3,328		$	1,892		$	9		$	15,040
Intersegment	1,074		2,028		3,102		286		112		398		936				—				—			28			—			(4,464		)	—
Production and delivery	623		1,288		1,911		648		915		1,563		1,505				315			^b	660			3,336			1,895			(4,179		)	7,006
Depreciation, depletion and amortization	142		138		280		153		122		275		275				66				49			8			36			25			1,014
Selling, general and administrative expenses	—		—		—		—		—		—		94				—				11			—			17			199			321
Exploration and research expenses	—		—		—		—		—		—		—				—				2			—			—			88			90
Environmental and shutdown expenses^c	26		27		53		—		—		—		—				—				(1		)	(2		)	—			56			106
Operating income (loss)	351		669		1,020		976		1,025		2,001		4,034				8				126			14			(56		)	(644		)	6,503
Interest expense, net	3		12		15		—		2		2		(3		)		10				—			—			5			557			586
Provision for (benefit from) income taxes	—		—		—		313		337		650		1,697				(15		)		—			—			—			(25		)	2,307
Total assets at December 31, 2009	1,934		4,207		6,141		3,937		2,515		6,452		4,974				3,386				1,731			291			991			2,030			25,996
Capital expenditures	46		299		345		103		61		164		266				659				82			9			31			31			1,587


a.	Includes PT Freeport Indonesia's sales to PT Smelting totaling $1.9 billion.


b.	Includes charges totaling $50 million associated with Tenke Fungurume's project start-up costs.


c.	Includes charges totaling $23 million associated with net restructuring charges, primarily at the Morenci mine.

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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