Income Taxes (Unaudited)

3 Months Ended

Mar. 31, 2015

INCOME TAXES

Variations in the relative proportions of jurisdictional income result in fluctuations to FCX's consolidated effective income tax rate. Geographic sources of FCX's (benefit from) provision for income taxes follow (in millions):



	Three Months Ended
	March 31,
	2015			2014
U.S. operations	$	(835	)	$	136
International operations	140			221
Total	$	(695	)	$	357

FCX’s consolidated effective income tax rate was 22 percent for first-quarter 2015 and 36 percent for first-quarter 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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