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INCOME TAXES (Details) (USD $)
3 Months Ended 7 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
McMoRan Exploration Co [Member]
Jul. 31, 2012
Cerro Verde [Member]
Sep. 30, 2012
Cerro Verde [Member]
Dec. 31, 2013
Cerro Verde [Member]
Dec. 31, 2012
Cerro Verde [Member]
Income before income taxes and equity in affiliated companies' net earnings [Abstract]                      
United States       $ 1,104,000,000 $ 1,539,000,000 $ 2,112,000,000          
Foreign       3,809,000,000 3,948,000,000 6,706,000,000          
Total       4,913,000,000 5,487,000,000 8,818,000,000          
Current income taxes:                      
Federal       203,000,000 238,000,000 394,000,000          
State       9,000,000 7,000,000 21,000,000          
Foreign       1,081,000,000 1,002,000,000 1,934,000,000          
Total current       1,293,000,000 1,247,000,000 2,349,000,000          
Deferred income taxes (benefits):                      
Federal       234,000,000 87,000,000 82,000,000          
State       (35,000,000) 18,000,000 (19,000,000)          
Foreign       346,000,000 363,000,000 622,000,000          
Total deferred       545,000,000 468,000,000 685,000,000          
Adjustments       (199,000,000) [1] (205,000,000) [2],[3] 53,000,000 [4]     208,000,000 [2],[3]   205,000,000 [2],[3]
Federal operating loss carryforwards       (164,000,000) [5] 0 0          
Provision for income taxes       1,475,000,000 1,510,000,000 3,087,000,000          
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances 16,000,000 183,000,000   199,000,000              
Deferred Other Tax Expense (Benefit)       16,000,000     69,000,000        
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability, Environmental Matters       (76,000,000)              
Term of Stability Agreement               15 years      
Foreign Income Tax Rate Under Old Stability Agreement               30.00%      
Foreign Income Tax Rate Under New Stability Agreegment               32.00%      
Deferred Foreign Income Tax Expense from New Stability Agreement                   29,000,000  
Deferred Foreign Income Tax Expense (Benefit) Associated with Foreign Reinvested Profits                   234,000,000  
Additional Tax Expense From New Legislation On Mining Royalties                     53,000,000
Income tax expense (benefit), reconciliation [Abstract]                      
U.S. federal statutory tax rate       1,720,000,000 1,920,000,000 3,086,000,000          
Foreign tax credit limitation       117,000,000 110,000,000 163,000,000          
Percentage depletion       (223,000,000) (263,000,000) (283,000,000)          
Withholding and other impacts on foreign earnings       83,000,000 (221,000,000) [6] 170,000,000          
Valuation allowance on minimum tax credits       190,000,000 [7] 9,000,000 47,000,000          
State income taxes       (43,000,000) 17,000,000 0          
Other items, net       11,000,000 [7] (44,000,000) (2,000,000)          
Provision for income taxes       1,475,000,000 1,510,000,000 3,087,000,000          
Effective income tax rate, reconciliation [Abstract]                      
U.S. federal statutory tax rate     35.00% 35.00% 35.00% 35.00%          
Foreign tax credit limitation       2.00% 2.00% 2.00%          
Percentage depletion       (5.00%) (5.00%) (3.00%)          
Withholding taxes       2.00% (4.00%) 2.00%          
Valuation allowance on minimum tax credits       (4.00%) 0.00% (1.00%)          
State income taxes     3.00% 0.00% 0.00% 0.00%          
Other items, net       0.00% 0.00% 0.00%          
Provision for income taxes       30.00% 28.00% 35.00%          
Total income taxes paid to all jurisdictions       1,300,000,000 1,800,000,000 3,400,000,000          
Tax refunds received from all jurisdictions       270,000,000 69,000,000 15,000,000          
Deferred tax assets:                      
Foreign tax credits 2,144,000,000   2,144,000,000 2,144,000,000 2,022,000,000            
Accrued expenses 1,098,000,000   1,098,000,000 1,098,000,000 819,000,000            
Minimum tax credits 603,000,000   603,000,000 603,000,000 474,000,000            
Net operating loss carryforwards 925,000,000   925,000,000 925,000,000 343,000,000            
Employee benefit plans 443,000,000   443,000,000 443,000,000 315,000,000            
Other 557,000,000   557,000,000 557,000,000 374,000,000            
Deferred tax assets 5,770,000,000   5,770,000,000 5,770,000,000 4,347,000,000            
Valuation allowances (2,487,000,000)   (2,487,000,000) (2,487,000,000) (2,443,000,000)            
Net deferred tax assets 3,283,000,000   3,283,000,000 3,283,000,000 1,904,000,000            
Deferred tax liabilities:                      
Property, plant, equipment and development costs (4,887,000,000)   (4,887,000,000) (4,887,000,000) (4,462,000,000)            
Oil and gas properties (4,708,000,000)   (4,708,000,000) (4,708,000,000) 0            
Undistributed earnings (936,000,000)   (936,000,000) (936,000,000) (884,000,000)            
Other (34,000,000)   (34,000,000) (34,000,000) (70,000,000)            
Total deferred tax liabilities (10,565,000,000)   (10,565,000,000) (10,565,000,000) (5,416,000,000)            
Net deferred tax liabilities (7,282,000,000)   (7,282,000,000) (7,282,000,000) (3,512,000,000)            
Valuation allowance on deferred tax asset increase (decrease) during period       $ 44,000,000              
[1] As a result of the oil and gas acquisitions, FCX recognized a net tax benefit of $199 million consisting of income tax benefits of $190 million associated with net reductions in FCX's valuation allowances, $69 million related to the release of the deferred tax liability on PXP's investment in MMR common stock and $16 million associated with the revaluation of state deferred tax liabilities, partially offset by income tax expense of $76 million associated with the write off of deferred tax assets related to environmental liabilities.
[2] With the exception of TFM, FCX has not elected to permanently reinvest earnings from its foreign subsidiaries and has recorded deferred tax liabilities for foreign earnings that are available to be repatriated to the U.S. Cerro Verde previously recorded deferred Peruvian income tax liabilities for income taxes that would become payable if the reinvested profits used to fund the initial Cerro Verde sulfide expansion were distributed prior to the expiration of Cerro Verde's 1998 stability agreement on December 31, 2013. Because reinvested profits at Cerro Verde were not expected to be distributed prior to December 31, 2013, a net deferred income tax liability of $234 million was reversed and recognized as an income tax benefit in 2012.
[3] In 2012, Sociedad Minera Cerro Verde S.A.A. (Cerro Verde) signed a new 15-year mining stability agreement with the Peruvian government, which became effective January 1, 2014. In connection with the new mining stability agreement, Cerro Verde's income tax rate increased from 30 percent to 32 percent, and FCX recognized additional deferred tax expense of $29 million.
[4] In September 2011, Peru enacted a new mining tax and royalty regime and also created a special mining burden that companies with stability agreements could elect to pay. Cerro Verde elected to pay this special mining burden during the remaining term of its 1998 stability agreement, which expired on December 31, 2013. As a result, Cerro Verde recognized additional tax expense of $53 million
[5] Benefit from the use of federal operating loss carryforwards acquired as part of the oil and gas acquisitions.
[6] Included the reversal of Cerro Verde's deferred income tax liability of $234 million.
[7] Included a net tax benefit of $199 million as a result of the oil and gas acquisitions.