Summary of 2011 Key Economic Contributions by Operation Region
|
For the year ended
December 31, 2011
($ millions)
|
North
America(a) |
South
America |
Indonesia |
Europe |
Africa |
Other Countries |
Total |
| Payments to suppliers |
$ 3,645 |
$ 1,321 |
$ 953 |
$ 1,880 |
$ 528 |
$ 8 |
$ 8,335 |
| Employee wages and
benefits |
1,056 |
440 |
546 |
53 |
94 |
3 |
2,192 |
| Payments to
providers
of
capital: |
| Dividends |
1,423 |
185 |
205 |
- |
- |
- |
1,813 |
| Interest |
318 |
1 |
3 |
15 |
8 |
- |
345 |
| Payments to governments(b) |
441 |
1,180 |
2,015 |
2 |
44 |
1 |
3,683 |
| Community investments |
26 |
47 |
101 |
- |
17 |
- |
191 |
| Direct economic contributions |
$ 6,909 |
$ 3,174 |
$ 3,823 |
$ 1,950 |
$ 691 |
$ 12 |
$ 16,559 |
Note: These amounts were derived primarily from Freeport-McMoRan’s publicly reported segment data. For disclosure of
Freeport-McMoRan’s
segment data in accordance with generally accepted accounting principles (GAAP), see pages 170–174 of our 2011 Form 10-K. |
| (a)Includes parent company results. |
| (b)Excludes employee payroll taxes, dividends, property taxes and certain other taxes, which are included in payments to suppliers and
dividends. A reconciliation to the 2011 Cash Payments to Governments schedule on page 17 is available on our website. |
Local Suppliers
Our operations provide significant direct and indirect economic impacts when we purchase supplies and services in local economies. When we purchase locally, we facilitate community development and capacity building in line with our Community Policy and programs. Our Global Supply Chain Policy encourages consideration of local suppliers and in 2011 we introduced local sourcing guidelines to provide our operations with mechanisms to identify, engage and assist in the development of local suppliers. Our Global Supply Chain and Community Development Departments are tasked with coordination on implementing these guidelines where opportunities exist.
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