XML 93 R100.htm IDEA: XBRL DOCUMENT v2.4.0.8
GUARANTOR FINANCIAL STATEMENTS (Condensed Consolidating Balance Sheet) (Details) (USD $)
Dec. 31, 2013
Jun. 03, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Current assets:            
Cash and cash equivalents $ 1,985,000,000   $ 3,705,000,000   $ 4,822,000,000 $ 3,738,000,000
Accounts receivables 2,562,000,000          
Inventories 5,018,000,000          
Other current assets 407,000,000   387,000,000      
Total current assets 9,972,000,000   10,297,000,000      
Property, plant, equipment and mining development costs, net 24,042,000,000   20,999,000,000      
Subject to amortization 12,472,000,000   0      
Not subject to amortization 10,887,000,000   0      
Investment in consolidated subsidiaries 0          
Goodwill 1,916,000,000 [1]   0      
Other Assets 4,184,000,000          
Total assets 63,473,000,000   35,440,000,000 32,070,000,000    
LIABILITIES AND EQUITY            
Current liabilities 4,773,000,000   3,343,000,000      
Long-term debt, less current portion 20,394,000,000   3,525,000,000      
Deferred income taxes 7,410,000,000   3,490,000,000      
Environmental and asset retirement obligations, less current portion 3,259,000,000   2,127,000,000      
Other liabilities 1,690,000,000   1,644,000,000      
Total liabilities 37,526,000,000   14,129,000,000      
Redeemable noncontrolling interest 716,000,000 259,000,000 0      
Equity:            
Stockholders' equity 20,934,000,000   17,543,000,000      
Noncontrolling interests 4,297,000,000   3,768,000,000      
Total equity 25,231,000,000   21,311,000,000 18,553,000,000 14,560,000,000  
Total liabilities and equity 63,473,000,000   35,440,000,000      
FCX Issuer [Member]
           
Current assets:            
Cash and cash equivalents 0   0      
Accounts receivables 855,000,000          
Inventories 0          
Other current assets 114,000,000          
Total current assets 969,000,000          
Property, plant, equipment and mining development costs, net 27,000,000          
Subject to amortization 0          
Not subject to amortization 0          
Investment in consolidated subsidiaries 31,162,000,000          
Goodwill 0          
Other Assets 7,126,000,000          
Total assets 39,284,000,000          
LIABILITIES AND EQUITY            
Current liabilities 1,003,000,000          
Long-term debt, less current portion 13,184,000,000          
Deferred income taxes 4,137,000,000 [2]          
Environmental and asset retirement obligations, less current portion 0          
Other liabilities 26,000,000          
Total liabilities 18,350,000,000          
Redeemable noncontrolling interest 0          
Equity:            
Stockholders' equity 20,934,000,000          
Noncontrolling interests 0          
Total equity 20,934,000,000          
Total liabilities and equity 39,284,000,000          
FM O&G LLC Guarantor [Member]
           
Current assets:            
Cash and cash equivalents 0   0      
Accounts receivables 659,000,000          
Inventories 18,000,000          
Other current assets 20,000,000          
Total current assets 697,000,000          
Property, plant, equipment and mining development costs, net 43,000,000          
Subject to amortization 6,207,000,000          
Not subject to amortization 2,649,000,000          
Investment in consolidated subsidiaries 9,712,000,000          
Goodwill 437,000,000          
Other Assets 4,640,000,000          
Total assets 24,385,000,000          
LIABILITIES AND EQUITY            
Current liabilities 758,000,000          
Long-term debt, less current portion 7,199,000,000          
Deferred income taxes 0          
Environmental and asset retirement obligations, less current portion 301,000,000          
Other liabilities 3,436,000,000          
Total liabilities 11,694,000,000          
Redeemable noncontrolling interest 0          
Equity:            
Stockholders' equity 12,691,000,000          
Noncontrolling interests 0          
Total equity 12,691,000,000          
Total liabilities and equity 24,385,000,000          
Non-Guarantor Subsidiaries [Member]
           
Current assets:            
Cash and cash equivalents 1,985,000,000   3,705,000,000      
Accounts receivables 2,258,000,000          
Inventories 5,000,000,000          
Other current assets 273,000,000          
Total current assets 9,516,000,000          
Property, plant, equipment and mining development costs, net 23,972,000,000          
Subject to amortization 6,265,000,000          
Not subject to amortization 8,238,000,000          
Investment in consolidated subsidiaries 12,468,000,000          
Goodwill 1,479,000,000          
Other Assets 4,128,000,000          
Total assets 66,066,000,000          
LIABILITIES AND EQUITY            
Current liabilities 4,222,000,000          
Long-term debt, less current portion 8,056,000,000          
Deferred income taxes 3,273,000,000          
Environmental and asset retirement obligations, less current portion 2,958,000,000          
Other liabilities 1,893,000,000          
Total liabilities 20,402,000,000          
Redeemable noncontrolling interest 716,000,000          
Equity:            
Stockholders' equity 41,100,000,000          
Noncontrolling interests 3,848,000,000          
Total equity 44,948,000,000          
Total liabilities and equity 66,066,000,000          
Eliminations [Member]
           
Current assets:            
Cash and cash equivalents 0   0      
Accounts receivables (1,210,000,000)          
Inventories 0          
Other current assets 0          
Total current assets (1,210,000,000)          
Property, plant, equipment and mining development costs, net 0          
Subject to amortization 0          
Not subject to amortization 0          
Investment in consolidated subsidiaries (53,342,000,000)          
Goodwill 0          
Other Assets (11,710,000,000)          
Total assets (66,262,000,000)          
LIABILITIES AND EQUITY            
Current liabilities (1,210,000,000)          
Long-term debt, less current portion (8,045,000,000)          
Deferred income taxes 0          
Environmental and asset retirement obligations, less current portion 0          
Other liabilities (3,665,000,000)          
Total liabilities (12,920,000,000)          
Redeemable noncontrolling interest 0          
Equity:            
Stockholders' equity (53,791,000,000)          
Noncontrolling interests 449,000,000          
Total equity (53,342,000,000)          
Total liabilities and equity $ (66,262,000,000)          
[1] During the fourth quarter of 2013, FCX conducted a qualitative goodwill impairment assessment by examining relevant events and circumstances that could have a negative impact on FCX's goodwill, such as macroeconomic conditions, industry and market conditions, cost factors that have a negative effect on earnings and cash flows, overall financial performance, dispositions and acquisitions, and any other relevant events or circumstances. After assessing the relevant events and circumstances for the qualitative impairment assessment, FCX determined that performing a quantitative goodwill impairment test was unnecessary, and no goodwill impairment was recognized.
[2] All U.S. related deferred income taxes are recorded at the parent company.