BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2014

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



	2014		2013		2012
Refined copper products	$	9,451	$	9,178	$	9,699
Copper in concentrates^a	3,366		5,328		4,589
Gold	1,584		1,656		1,741
Molybdenum	1,207		1,110		1,187
Oil	4,233		2,310		—
Other	1,597		1,339		794
Total	$	21,438	$	20,921	$	18,010


a.	Amounts are net of treatment and refining charges totaling $374 million for 2014, $400 million for 2013 and $311 million for 2012.

Long-lived assets by geographic area

Information concerning financial data by geographic area follows:



	December 31,
	2014			2013			2012
Long-lived assets:^a
United States	$	29,468		$	32,969	^b	$	8,689
Indonesia	6,961			5,799			5,127
Peru	6,848			5,181			3,933
Democratic Republic of Congo	4,071			3,994			3,926
Chile	1,542		^c	2,699			2,587
Other	522			562			327
Total	$	49,412		$	51,204		$	24,589


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


b.	Increased from 2012 primarily because of the PXP and MMR acquisitions.


c.	Decreased from 2013 primarily because of the sale of Candelaria/Ojos.

Revenues by geographic area of customer



	Years Ended December 31,
	2014		2013		2012
Revenues:^a
United States	$	10,311	$	9,418	$	6,285
Indonesia	1,792		1,651		2,054
Japan	1,573		2,141		2,181
Spain	1,208		1,223		1,581
China	968		1,078		579
Switzerland	800		1,098		731
Chile	687		754		704
Turkey	484		341		345
Korea	383		297		525
Other	3,232		2,920		3,025
Total	$	21,438	$	20,921	$	18,010


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

Schedule of Segment Reporting Information By Segment

Financial Information by Business Segment




	Mining Operations
	North America Copper Mines								South America						Indonesia			Africa
																								Atlantic				Other											Corporate,
																				Molyb-				Copper				Mining							U.S.				Other
			Other						Cerro		Other									denum		Rod &		Smelting				& Elimi-				Total			Oil & Gas				& Elimi-				FCX
	Morenci		Mines			Total			Verde		Mines		Total		Grasberg			Tenke		Mines		Refining		& Refining				nations				Mining			Operations				nations				Total
Year Ended December 31, 2014
Revenues:
Unaffiliated customers	$	364	$	336		$	700		$	1,282	$	1,740	$	3,022	$	2,848	^a	$	1,437	$	—	$	4,626	$	2,391			$	1,704		^b	$	16,728		$	4,710		^c	$	—			$	21,438
Intersegment	1,752		3,164			4,916			206		304		510		223			121		587		29		21				(6,407		)		—			—				—				—
Production and delivery	1,287		2,153			3,440			741		1,198		1,939		1,988			770		328		4,633		2,356				(4,789		)		10,665			1,237				2				11,904
Depreciation, depletion and amortization	168		316			484			159		208		367		266			228		92		10		41				70				1,558			2,291				14				3,863
Impairment of oil and gas properties	—		—			—			—		—		—		—			—		—		—		—				—				—			3,737				—				3,737
Selling, general and administrative expenses	2		3			5			3		3		6		98			12		—		—		17				25				163			207				222				592
Mining exploration and research expenses	—		8			8			—		—		—		—			—		—		—		—				118				126			—				—				126
Environmental obligations and shutdown costs	—		(5		)	(5		)	—		—		—		—			—		—		—		—				123				118			—				1				119
Goodwill impairment	—		—			—			—		—		—		—			—		—		—		—				—				—			1,717				—				1,717
Net gain on sales of assets	—		(14		)	(14		)	—		—		—		—			—		—		—		—				(703		)	^d	(717		)	—				—				(717		)
Operating income (loss)	659		1,039			1,698			585		635		1,220		719			548		167		12		(2		)		453				4,815			(4,479		)		(239		)		97

Interest expense, net	3		1			4			1		—		1		—			—		—		—		13				84				102			241				287				630
Provision for (benefit from) income taxes	—		—			—			265		266		531		293			116		—		—		—				221			^d	1,161			—				(837		)		324
Total assets at December 31, 2014	3,780		5,611			9,391			7,513		1,993		9,506		8,626			5,073		2,095		235		898				1,319				37,143			20,834				818				58,795
Capital expenditures	826		143			969			1,691		94		1,785		948			159		54		4		17				52				3,988			3,205				22				7,215

Year Ended December 31, 2013
Revenues:
Unaffiliated customers	$	244	$	326		$	570		$	1,473	$	2,379	$	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		1,288		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		194		346		247			246		82		9		42				48				1,422			1,364				11				2,797
Selling, general and administrative expenses	2		3			5			3		4		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		1,166		2,063		1,420			625		123		23		(75		)	^e	(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		404		720		603			131		—		—		—				—				1,454			—				21			^f	1,475
Total assets at December 31, 2013	3,110		5,810			8,920			6,584		3,996		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		185		1,145		1,030			205		164		4		67				113				3,794			1,436				56				5,286


a.	Includes PT-FI's sales to PT Smelting totaling $1.8 billion in 2014 and $1.7 billion in 2013.


b.	Includes 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.	Includes net mark-to-market gains (losses) associated with crude oil and natural gas derivative contracts totaling $505 million in 2014 and $(334) million for the period from June 1, 2013, to December 31, 2013.


d.	Includes a gain of $671 million for the sale of Candelaria/Ojos and related provision for income taxes of $221 million.


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


f.	Includes $199 million of net benefits resulting from oil and gas acquisitions.




	Mining Operations
	North America Copper Mines									South America							Indonesia				Africa
																											Atlantic		Other									Corporate,
																							Molyb-				Copper		Mining							U.S.		Other
				Other						Cerro			Other										denum		Rod &		Smelting		& Elimi-				Total			Oil & Gas		& Elimi-			FCX
	Morenci			Mines			Total			Verde			Mines		Total		Grasberg				Tenke		Mines		Refining		& Refining		nations				Mining			Operations		nations			Total
Year Ended December 31, 2012
Revenues:
Unaffiliated customers	$	156		$	46		$	202		$	1,767		$	2,143	$	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			1,301		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			148		287		212				176		59		9		42		27				1,172			—		7			1,179
Selling, general and administrative expenses	2			2			4			3			3		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			1,121		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		^c	329		557		497				112		—		—		—		—				1,166			—		344			1,510
Total assets at December 31, 2012	2,445			5,703			8,148			5,821			4,342		10,163		6,591				4,622		2,018		242		992		614				33,390			—		2,050			35,440
Capital expenditures	266			559			825			558			373		931		843				539		245		6		16		69				3,474			—		20			3,494


a.	Includes PT-FI's sales to PT Smelting totaling $2.1 billion in 2012.


b.	Includes 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.	Includes a credit of $234 million for the reversal of a net deferred tax liability.

- 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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