Income Taxes (Unaudited) (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Geographic Sources of Provision for Income Taxes

Geographic sources of FCX's provision for income taxes follow (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2013		2012			2013			2012
United States operations	$	99	$	98		$	76	a	$	291
International operations	400		117		b	891			837		b
Total	$	499	$	215		$	967		$	1,128

a. As a result of second-quarter 2013 oil and gas acquisitions, FCX recognized a net tax benefit of $183 million consisting of income tax benefits of $190 million associated with net reductions in FCX's valuation allowances and $69 million related to the release of the deferred tax liability on PXP's investment in MMR common stock, partially offset by income tax expense of $76 million associated with the write off of deferred tax assets related to environmental liabilities.

b. Included a net tax benefit of $234 million associated with an adjustment to Cerro Verde's deferred income tax liability.