Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 4,508		$ 4,822
Trade accounts receivable	1,052		892
Other accounts receivable	263		250
Inventories:
Mill and leach stockpiles	1,466		1,289
Materials and supplies, net	1,377	[1]	1,354	[1]
Product	1,182		1,226
Other current assets	328		214
Total current assets	10,176		10,047
Property, plant, equipment and development costs, net	19,613		18,449
Long-term mill and leach stockpiles	1,848	[2]	1,686	[2]
Long-term receivables	860		675
Intangible assets, net	324		325
Other assets	868		888
Total assets	33,689		32,070
Current liabilities:
Accounts payable and accrued liabilities	2,364		2,297
Dividends payable	299		240
Current portion of reclamation and environmental obligations	227		236
Accrued income taxes	48		163
Current portion of debt	4		4
Total current liabilities	2,942		2,940
Deferred income taxes	3,550		3,255
Long-term debt, less current portion	3,519		3,533
Reclamation and environmental obligations, less current portion	2,235		2,138
Other liabilities	1,553		1,651
Total liabilities	13,799		13,517
FCX stockholders' equity:
Common stock	107		107
Capital in excess of par value	19,068		19,007
Retained earnings	1,426		546
Accumulated other comprehensive loss	(448)		(465)
Common stock held in treasury	(3,575)		(3,553)
Total FCX stockholders' equity	16,578		15,642
Noncontrolling interests	3,312		2,911
Total equity	19,890		18,553
Total liabilities and equity	$ 33,689		$ 32,070

[1] Materials and supplies inventory is net of obsolescence reserves totaling $27 million at June 30, 2012, and $26 million at December 31, 2011.

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