BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2013

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



	2013		2012		2011
Refined copper products	$	7,466	$	9,699	$	10,297
Copper in concentrates^a	7,040		4,589		5,938
Gold	1,656		1,741		2,429
Molybdenum	1,110		1,187		1,348
Oil	2,310		—		—
Other	1,339		794		868
Total	$	20,921	$	18,010	$	20,880


a.	Amounts are net of treatment and refining charges totaling $400 million for 2013, $311 million for 2012 and $362 million for 2011.

Revenues by geographic area of customer

Information concerning financial data by geographic area follows:



	Years Ended December 31,
	2013		2012		2011
Revenues:^a
United States	$	9,418	$	6,285	$	7,176
Japan	2,141		2,181		2,501
Indonesia	1,651		2,054		2,266
Spain	1,223		1,581		1,643
Switzerland	1,098		731		1,219
China	1,078		579		942
Chile	754		704		741
Korea	297		525		561
Other	3,261		3,370		3,831
Total	$	20,921	$	18,010	$	20,880


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

Long-lived assets by geographic area



	December 31,
	2013			2012		2011
Long-lived assets:^a
United States	$	32,969	^b	$	8,689	$	7,899
Indonesia	5,799			5,127		4,469
Democratic Republic of Congo	3,994			3,926		3,497
Peru	5,181			3,933		3,265
Chile	2,699			2,587		2,242
Other	562			327		325
Total	$	51,204		$	24,589	$	21,697


a.	Long-lived assets exclude deferred tax assets, intangible assets and goodwill.


b.	Increased primarily because of the PXP and MMR acquisitions.

Schedule of Segment Reporting Information By Segment

Business segments data for the years ended December 31 are presented in the following tables.

Business Segments




(In millions)	Mining Operations
	North America Copper Mines									South America									Indonesia				Africa
																													Atlantic				Other										Corporate,
																									Molyb-				Copper				Mining							U.S.			Other
				Other						Cerro			Candel-		Other										denum		Rod &		Smelting				& Elimi-				Total			Oil & Gas			& Elimi-				FCX
	Morenci			Mines			Total			Verde			aria		Mines		Total		Grasberg				Tenke		Mines		Refining		& Refining				nations				Mining			Operations			nations				Total
Year Ended December 31, 2013
Revenues:
Unaffiliated customers	$	244		$	326		$	570		$	1,473		$	1,155	$	1,224	$	3,852	$	3,751		^a	$	1,590	$	—	$	4,995	$	2,027			$	1,516		^b	$	18,301		$	2,616	^c	$	4			$	20,921
Intersegment	1,673			2,940			4,613			360			273		—		633		336				47		522		27		14				(6,192		)		—			—			—				—
Production and delivery	1,233			2,033			3,266			781			700		588		2,069		2,309				754		317		4,990		2,054				(4,608		)		11,151			682			7				11,840
Depreciation, depletion and amortization	133			269			402			152			69		125		346		247				246		82		9		42				48				1,422			1,364			11				2,797
Selling, general and administrative expenses	2			3			5			3			2		2		7		110				12		—		—		20				29				183			120			354				657
Mining exploration and research expenses	—			5			5			—			—		—		—		1				—		—		—		—				193				199			—			11				210
Environmental obligations and shutdown costs	—			(1		)	(1		)	—			—		—		—		—				—		—		—		—				67				66			—			—				66
Operating income (loss)	549			957			1,506			897			657		509		2,063		1,420				625		123		23		(75		)	^d	(405		)		5,280			450			(379		)		5,351

Interest expense, net	3			1			4			2			—		1		3		12				2		—		—		16				80				117			181			220				518
Provision for income taxes	—			—			—			316			236		168		720		603				131		—		—		—				—				1,454			—			21			^e	1,475
Total assets at December 31, 2013	3,110			5,810			8,920			6,584			1,545		2,451		10,580		7,437				4,849		2,107		239		1,039				1,003				36,174			26,252			1,047				63,473
Capital expenditures	737			329			1,066			960			110		75		1,145		1,030				205		164		4		67				113				3,794			1,436			56				5,286

Year Ended December 31, 2012
Revenues:
Unaffiliated customers	$	156		$	46		$	202		$	1,767		$	797	$	1,346	$	3,910	$	3,611		^a	$	1,349	$	—	$	4,989	$	2,683			$	1,259		^b	$	18,003		$	—		$	7			$	18,010
Intersegment	1,846			3,438			5,284			388			430		—		818		310				10		529		27		26				(7,004		)		—			—			—				—
Production and delivery	1,076			1,857			2,933			813			702		599		2,114		2,349				615		320		4,993		2,640				(5,585		)		10,379			—			3				10,382
Depreciation, depletion and amortization	122			238			360			139			32		116		287		212				176		59		9		42				27				1,172			—			7				1,179
Selling, general and administrative expenses	2			2			4			3			1		2		6		121				6		—		—		19				18				174			—			257				431
Mining exploration and research expenses	1			—			1			—			—		—		—		—				—		—		—		—				272				273			—			12				285
Environmental obligations and shutdown costs	(11		)	(5		)	(16		)	—			—		—		—		—				—		—		—		—				(3		)		(19		)	—			(3		)		(22		)
Gain on insurance settlement	—			—			—			—			—		—		—		(59		)		—		—		—		—				—				(59		)	—			—				(59		)
Operating income (loss)	812			1,392			2,204			1,200			492		629		2,321		1,298				562		150		14		8				(474		)		6,083			—			(269		)		5,814

Interest expense, net	1			—			1			7			—		—		7		5				1		—		—		12				81				107			—			79				186
Provision for income taxes	—			—			—			228		^f	141		188		557		497				112		—		—		—				—				1,166			—			344				1,510
Total assets at December 31, 2012	2,445			5,703			8,148			5,821			1,853		2,489		10,163		6,591				4,622		2,018		242		992				614				33,390			—			2,050				35,440
Capital expenditures	266			559			825			558			259		114		931		843				539		245		6		16				69				3,474			—			20				3,494


a.	Included PT-FI's sales to PT Smelting totaling $1.7 billion in 2013 and $2.1 billion in 2012.


b.	Included revenues from FCX's molybdenum sales company, which included sales of molybdenum produced by the molybdenum mines and by certain of the North and South America copper mines.


c.	Included net charges of $312 million for unrealized and noncash realized losses on crude oil and natural gas derivative contracts that were assumed in connection with FCX's acquisition of PXP.


d.	Included $50 million for shutdown costs associated with Atlantic Copper's scheduled 68-day maintenance turnaround, which was completed in fourth-quarter 2013.


e.	Included $199 million of net benefits resulting from oil and gas acquisitions.


f.	Included a credit of $234 million for the reversal of a net deferred tax liability.




(In millions)	Mining Operations
	North America Copper Mines						South America								Indonesia			Africa
																								Atlantic			Other								Corporate,
																				Molyb-				Copper			Mining						U.S.		Other
			Other				Cerro		Candel-		Other									denum		Rod &		Smelting			& Elimi-				Total		Oil & Gas		& Elimi-			FCX
	Morenci		Mines		Total		Verde		aria		Mines		Total		Grasberg			Tenke		Mines		Refining		& Refining			nations				Mining		Operations		nations			Total
Year Ended December 31, 2011
Revenues:
Unaffiliated customers	$	418	$	176	$	594	$	2,115	$	1,265	$	1,192	$	4,572	$	4,504	^a	$	1,282	$	—	$	5,523	$	2,969		$	1,428		^b	$	20,872	$	—	$	8		$	20,880
Intersegment	1,697		3,338		5,035		417		269		—		686		542			7		595		26		15			(6,906		)		—		—		—			—
Production and delivery	984		1,581		2,565		827		644		434		1,905		1,791			591		259		5,527		2,991			(5,728		)		9,901		—		(3		)	9,898
Depreciation, depletion and amortization	116		162		278		135		28		95		258		215			140		45		8		40			31				1,015		—		7			1,022
Selling, general and administrative expenses	2		2		4		4		1		2		7		124			8		—		—		22			19				184		—		231			415
Mining exploration and research expenses	7		—		7		—		—		—		—		—			—		—		—		—			264				271		—		—			271
Environmental obligations and shutdown costs	4		—		4		—		—		—		—		—			—		—		1		—			129				134		—		—			134
Operating income (loss)	1,002		1,769		2,771		1,566		861		661		3,088		2,916			550		291		13		(69		)	(193		)		9,367		—		(227		)	9,140

Interest expense, net	2		2		4		1		—		—		1		8			6		—		—		15			87				121		—		191			312
Provision for income taxes	—		—		—		553		310		212		1,075		1,256			120		—		—		—			—				2,451		—		636			3,087
Total assets at December 31, 2011	2,006		4,968		6,974		5,110		1,384		2,220		8,714		5,349			3,890		1,819		259		1,109			892				29,006		—		3,064			32,070
Capital expenditures	95		399		494		198		178		227		603		648			193		438		10		32			59				2,477		—		57			2,534


a.	Included PT-FI's sales to PT Smelting totaling $2.3 billion.


b.	Included revenues from FCX's molybdenum sales company, which included sales of molybdenum produced by the molybdenum mines and by certain of the North and South America copper mines.

- 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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