BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2012

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



	2012		2011		2010
Refined copper products	$	9,699	$	10,297	$	9,203
Copper in concentrates^a	4,589		5,938		5,674
Gold	1,741		2,429		2,370
Molybdenum	1,187		1,348		1,143
Other	794		868		592
Total	$	18,010	$	20,880	$	18,982


a.	Amounts are net of treatment and refining charges totaling $311 million for 2012, $362 million for 2011 and $413 million for 2010.

Revenues by geographic area of customer

Information concerning financial data by geographic area follows:



	Years Ended December 31,
	2012		2011		2010
Revenues:^a
United States	$	6,285	$	7,176	$	5,295
Japan	2,181		2,501		3,428
Indonesia	2,054		2,266		2,266
Spain	1,581		1,643		1,483
Switzerland	731		1,219		1,063
Chile	704		741		759
China	579		942		795
Korea	525		561		745
Other	3,370		3,831		3,148
Total	$	18,010	$	20,880	$	18,982


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

Long-lived assets by geographic area



	December 31,
	2012		2011		2010
Long-lived assets:^a
United States	$	8,689	$	7,899	$	7,101
Indonesia	5,127		4,469		3,475
Democratic Republic of Congo	3,926		3,497		3,220
Peru	3,933		3,265		3,203
Chile	2,587		2,242		1,892
Spain	231		257		266
Other	96		68		48
Total	$	24,589	$	21,697	$	19,205


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		Molyb- denum		Rod & Refining		Atlantic Copper Smelting & Refining			Corporate, Other & Elimi- nations			FCX Total
Year Ended December 31, 2012
Revenues:
Unaffiliated customers	$	156		$	50		$	206		$	1,767		$	2,143	$	3,910		$	3,611		^a	$	1,349	$	1,255	$	4,989	$	2,683		$	7		$	18,010
Intersegment	1,846			3,438			5,284			388			430		818			310				10		—		27		26			(6,475		)	—
Production and delivery	1,076			1,936			3,012			813			1,301		2,114			2,349				615		1,033		4,993		2,640			(6,374		)	10,382
Depreciation, depletion and amortization	122			240			362			139			148		287			212				176		65		9		42			26			1,179
Selling, general and administrative expenses	2			2			4			3			3		6			121				6		13		—		19			262			431
Exploration and research expenses	1			—			1			—			—		—			—				—		3		—		—			281			285
Environmental obligations and shutdown costs	(11		)	38			27			—			—		—			—				—		—		—		—			(49		)	(22		)
Gain on insurance settlement	—			—			—			—			—		—			(59		)		—		—		—		—			—			(59		)
Operating income (loss)	812			1,272			2,084			1,200			1,121		2,321			1,298				562		141		14		8			(614		)	5,814
Interest expense, net	1			5			6			7			—		7			5				1		—		—		12			155			186
Provision for income taxes	—			—			—			228		^b	329		557		^b	497				112		—		—		—			344			1,510
Total assets at December 31, 2012	2,445			5,834			8,279			5,821			4,342		10,163			6,591				4,622		2,634		242		992			1,917			35,440
Capital expenditures	266			561			827			558			373		931			843				539		258		6		16			74			3,494

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			1,791				591		1,036		5,527		2,991			(6,572		)	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 obligations and shutdown costs	4			(15		)	(11		)	—			—		—			—				—		—		1		—			144			134
Operating income (loss)	1,002			1,723			2,725			1,566			1,522		3,088			2,916				550		310		13		(69		)	(393		)	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


a.	Included PT Freeport Indonesia's sales to PT Smelting totaling $2.1 billion in 2012 and $2.3 billion in 2011.


b.	Included a credit of $234 million for the reversal of a net deferred tax liability. Refer to Note 12 for further discussion.



	North America Copper Mines						South America						Indonesia			Africa
	Morenci		Other Mines		Total		Cerro Verde		Other Mines		Total		Grasberg			Tenke		Molyb- denum		Rod & Refining		Atlantic Copper Smelting & Refining			Corporate, Other & Elimi- nations			FCX Total
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		1,946			488		784		4,442		2,470			(5,525		)	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 obligations and shutdown costs	—		—		—		—		—		—		—			—		—		1		—			18			19
Operating income (loss)	699		1,149		1,848		1,557		1,506		3,063		4,057			490		357		19		(37		)	(729		)	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.	Included PT Freeport Indonesia's sales to PT Smelting totaling $2.3 billion.

- 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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