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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 4,417 $ 5,195 $ 13,497 $ 16,718
Cost of sales:        
Production and delivery 2,592 2,570 7,642 7,504
Depreciation, depletion and amortization 298 257 856 756
Total cost of sales 2,890 2,827 8,498 8,260
Selling, general and administrative expenses 110 102 311 323
Exploration and research expenses 79 78 214 194
Environmental obligations and shutdown costs (73) 38 18 98
Total costs and expenses 3,006 3,045 9,041 8,875
Operating income 1,411 2,150 4,456 7,843
Interest expense, net (42) (78) (148) (250)
Losses on early extinguishment of debt 0 0 (168) (68)
Other (expense) income, net (15) 28 23 40
Income before income taxes and equity in affiliated companies' net earnings 1,354 2,100 4,163 7,565
Provision for income taxes (215) (808) (1,128) (2,698)
Equity in affiliated companies' net earnings 1 2 0 14
Net income 1,140 1,294 3,035 4,881
Net income attributable to noncontrolling interests (316) (241) (737) (961)
Net income attributable to FCX common stockholders $ 824 $ 1,053 $ 2,298 $ 3,920
Net income per share attributable to FCX common stockholders:        
Basic $ 0.87 $ 1.11 $ 2.42 $ 4.14
Diluted $ 0.86 $ 1.10 $ 2.41 $ 4.10
Weighted-average common shares outstanding:        
Basic 949 948 949 947
Diluted 953 955 953 955
Dividends declared per share of common stock $ 0.3125 $ 0.25 $ 0.9375 $ 1.25