XML 48 R56.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long-Term Debt (Convertible Notes) (Narrative) (Details) (North America [Member], USD $)
0 Months Ended 0 Months Ended 0 Months Ended 2 Months Ended 3 Months Ended
Dec. 15, 2009
Subordinated Convertible Notes Due 2029 [Member]
Mar. 30, 2012
Subordinated Convertible Notes Due 2029 [Member]
Dec. 31, 2011
Subordinated Convertible Notes Due 2029 [Member]
Dec. 15, 2009
1.00% Senior Convertible Notes Due 2012 [Member]
Mar. 30, 2012
1.00% Senior Convertible Notes Due 2012 [Member]
Dec. 31, 2011
1.00% Senior Convertible Notes Due 2012 [Member]
Sep. 30, 2007
1.00% Senior Convertible Notes Due 2012 [Member]
Nov. 30, 2006
0.875% Convertible Notes Due 2013 [Member]
Dec. 31, 2006
0.875% Convertible Notes Due 2013 [Member]
Mar. 30, 2012
0.875% Convertible Notes Due 2013 [Member]
Dec. 31, 2011
0.875% Convertible Notes Due 2013 [Member]
Debt Instrument [Line Items]                      
Debt principal amount $ 429,500,000.0     $ 10,600,000.0     $ 475,000,000.0 $ 355,000,000      
Nonconvertible debt borrowing rate on debt instrument issuance date 12.50%           7.50% 7.35%      
Liability component of convertible notes 162,900,000 165,400,000 165,100,000 389,700,000 10,300,000 10,100,000 348,200,000 230,900,000   319,300,000 314,400,000
Debt discount 266,600,000 264,100,000 264,400,000 74,700,000 300,000 500,000 126,800,000 124,100,000   35,700,000 40,600,000
Debt issuance fees and expenses 14,500,000                    
Percentage of convertible notes tendered in exchange offer       97.80%              
Amount of convertible notes tendered in exchange offer       464,400,000              
Interest rate       1.00% 1.00% 1.00%   0.875%   0.875% 0.875%
Purchase price of Phelps Dodge International Corporation funded by proceeds from notes       707,600,000              
Debt instrument original issuance date               Nov. 30, 2006      
Conversion price per share               $ 50.36      
Common stock covered under note hedges               7,048,880      
Strike price of warrants, per share               $ 76.00   $ 76.00  
Premium over the closing price of the companys shares of common stock included in strick price               92.40%      
Payments of outstanding debt including accrued interest, under Company's amended credit facility                 87,800,000    
Payments for cost of note hedges                 124,500,000    
Payments of issuance costs and expenses of related to notes       12,300,000         9,400,000    
Proceeds from issuance of warrants                 80,400,000    
Net increase in cash from receipt of the funds from convertible notes and related payments used for general corporate purposes including acquisitions                 $ 213,700,000