XML 37 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor Financial Statements (Unaudited) Condensed Consolidating Balance Sheets (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Jun. 03, 2013
Dec. 31, 2012
Jun. 30, 2012
Dec. 31, 2011
Cash and cash equivalents $ 3,294   $ 3,705 $ 4,508 $ 4,822
Accounts receivable 1,879        
Inventories 4,946        
Other current assets 459   387    
Total current assets 10,578   10,297    
Property, plant, equipment and development costs, net 46,214   20,999    
Investments in consolidated subsidiaries 0        
Goodwill 1,904 1,904 [1] 0    
Other assets 4,461        
Total assets 63,157   35,440 33,689  
Current liabilities 5,610   3,343    
Long-term debt, less current portion 21,142   3,525    
Deferred income taxes 6,840 [2]   3,490    
Reclamation and environmental obligations, less current portion 3,106   2,127    
Other liabilities 1,810   1,644    
Total liabilities 38,508   14,129    
Redeemable noncontrolling interest 782   0    
Stockholders' equity 19,878   17,543    
Noncontrolling interests 3,989   3,768    
Total equity 23,867   21,311    
Total liabilities and equity 63,157   35,440    
Parent Company [Member]
         
Cash and cash equivalents 0   0    
Accounts receivable 4,453        
Inventories 0        
Other current assets 101        
Total current assets 4,554        
Property, plant, equipment and development costs, net 29        
Investments in consolidated subsidiaries 30,372        
Goodwill 0        
Other assets 4,020        
Total assets 38,975        
Current liabilities 1,898        
Long-term debt, less current portion 13,484        
Deferred income taxes 3,709 [2]        
Reclamation and environmental obligations, less current portion 0        
Other liabilities 6        
Total liabilities 19,097        
Redeemable noncontrolling interest 0        
Stockholders' equity 19,878        
Noncontrolling interests 0        
Total equity 19,878        
Total liabilities and equity 38,975        
Freeport-McMoRan Oil & Gas [Member]
         
Cash and cash equivalents 59   0    
Accounts receivable 1,312        
Inventories 20        
Other current assets 80        
Total current assets 1,471        
Property, plant, equipment and development costs, net 8,730        
Investments in consolidated subsidiaries 7,442        
Goodwill 454        
Other assets 4,027        
Total assets 22,124        
Current liabilities 2,102        
Long-term debt, less current portion 10,282        
Deferred income taxes 0 [2]        
Reclamation and environmental obligations, less current portion 275        
Other liabilities 65        
Total liabilities 12,724        
Redeemable noncontrolling interest 0        
Stockholders' equity 9,400        
Noncontrolling interests 0        
Total equity 9,400        
Total liabilities and equity 22,124        
Non-Guarantor Subsidiaries [Member]
         
Cash and cash equivalents 3,235   3,705    
Accounts receivable 1,487        
Inventories 4,926        
Other current assets 278        
Total current assets 9,926        
Property, plant, equipment and development costs, net 37,455        
Investments in consolidated subsidiaries 84        
Goodwill 1,450        
Other assets 4,337        
Total assets 53,252        
Current liabilities 6,983        
Long-term debt, less current portion 6,489        
Deferred income taxes 3,131 [2]        
Reclamation and environmental obligations, less current portion 2,831        
Other liabilities 1,739        
Total liabilities 21,173        
Redeemable noncontrolling interest 782        
Stockholders' equity 27,464        
Noncontrolling interests 3,833        
Total equity 31,297        
Total liabilities and equity 53,252        
Consolidation, Eliminations [Member]
         
Cash and cash equivalents 0   0    
Accounts receivable (5,373)        
Inventories 0        
Other current assets 0        
Total current assets (5,373)        
Property, plant, equipment and development costs, net 0        
Investments in consolidated subsidiaries (37,898)        
Goodwill 0        
Other assets (7,923)        
Total assets (51,194)        
Current liabilities (5,373)        
Long-term debt, less current portion (9,113)        
Deferred income taxes 0 [2]        
Reclamation and environmental obligations, less current portion 0        
Other liabilities 0        
Total liabilities (14,486)        
Redeemable noncontrolling interest 0        
Stockholders' equity (36,864)        
Noncontrolling interests 156        
Total equity (36,708)        
Total liabilities and equity $ (51,194)        
[1] The final valuation of assets acquired, liabilities assumed and noncontrolling interest is not complete and the net adjustments to those values may result in changes to goodwill and other carrying amounts initially assigned to the assets, liabilities and noncontrolling interest based on the preliminary fair value analysis.
[2] All U.S. related deferred income taxes are recorded at the parent company.