CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013		Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 1,985,000,000		$ 3,705,000,000
Trade accounts receivable	1,728,000,000		927,000,000
Income taxes receivable	419,000,000		436,000,000
Other accounts receivable	415,000,000		266,000,000
Inventories:
Materials and supplies, net	1,730,000,000	[1]	1,504,000,000	[1]
Mill and leach stockpiles	1,705,000,000		1,672,000,000
Product	1,583,000,000		1,400,000,000
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
Oil and gas properties, net - full cost method:
Subject to amortization, less accumulated amortization of $1,357 as of December 31, 2013	12,472,000,000		0
Not subject to amortization	10,887,000,000		0
Long-term mill and leach stockpiles	2,386,000,000		1,955,000,000
Goodwill	1,916,000,000	[2]	0
Other assets	1,798,000,000		2,189,000,000
Total assets	63,473,000,000		35,440,000,000
Current liabilities:
Accounts payable and accrued liabilities	3,700,000,000		2,324,000,000
Dividends payable	333,000,000		299,000,000
Current portion of debt	312,000,000		2,000,000
Current portion of environmental and asset retirement obligations	236,000,000		241,000,000
Accrued income taxes	184,000,000		93,000,000
Current portion of deferred income taxes	8,000,000		384,000,000
Total 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		0
FCX stockholders’ equity:
Common stock, par value $0.10, 1,165 shares and 1,073 shares issued, respectively	117,000,000		107,000,000
Capital in excess of par value	22,161,000,000		19,119,000,000
Retained earnings	2,742,000,000		2,399,000,000
Accumulated other comprehensive loss	(405,000,000)		(506,000,000)
Common stock held in treasury – 127 shares and 124 shares, respectively, at cost	(3,681,000,000)		(3,576,000,000)
Total FCX 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
Total liabilities and equity	$ 63,473,000,000		$ 35,440,000,000

[1] Materials and supplies inventory was net of obsolescence reserves totaling $24 million at December 31, 2013, and $27 million at December 31, 2012.

[2] 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.