2012 Q2 Form 10-K Financial Statement

#000119312512304472 Filed on July 17, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2 2011
Revenue $2.821B $2.860B $9.938B
YoY Change -1.39% 53.76% 47.03%
Cost Of Revenue $1.987B $1.865B $6.816B
YoY Change 6.51% 59.05% 34.55%
Gross Profit $833.8M $995.2M $3.122B
YoY Change -16.22% 44.74% 84.36%
Gross Profit Margin 29.56% 34.79% 31.41%
Selling, General & Admin $117.1M $111.5M $372.5M
YoY Change 5.02% -1.93% 3.39%
% of Gross Profit 14.04% 11.2% 11.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $139.7M $122.9M $447.4M
YoY Change 13.67% 9.34% 0.54%
% of Gross Profit 16.75% 12.35% 14.33%
Operating Expenses $163.0M $170.3M $372.5M
YoY Change -4.29% 21.64% 3.39%
Operating Profit $670.8M $824.9M $2.664B
YoY Change -18.68% 50.64% 109.65%
Interest Expense $16.90M $12.00M $27.60M
YoY Change 40.83% -189.55% -57.99%
% of Operating Profit 2.52% 1.45% 1.04%
Other Income/Expense, Net $1.400M -$100.0K -$17.10M
YoY Change -1500.0% -98.28% -2000.0%
Pretax Income $689.1M $836.8M $1.478B
YoY Change -17.65% 58.36% 147.03%
Income Tax $188.6M $186.0M $752.8M
% Of Pretax Income 27.37% 22.23% 50.95%
Net Earnings $507.3M $649.2M $2.515B
YoY Change -21.86% 63.9% 204.03%
Net Earnings / Revenue 17.99% 22.7% 25.3%
Basic Earnings Per Share $5.64
Diluted Earnings Per Share $1.189M $1.454M $5.62
COMMON SHARES
Basic Shares Outstanding 446.0M shares
Diluted Shares Outstanding 447.5M shares

Balance Sheet

Concept 2012 Q2 2011 Q2 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.811B $3.906B $3.906B
YoY Change -2.43% 33.63% 33.63%
Cash & Equivalents $3.811B $3.906B $3.906B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $543.1M $308.3M $525.0M
YoY Change 76.16% -3.48% 52.62%
Inventory $1.238B $1.266B $1.266B
Prepaid Expenses $132.1M $157.4M
Receivables $752.0M $926.0M $926.0M
Other Receivables $0.00 $0.00 $60.00M
Total Short-Term Assets $6.581B $6.685B $6.685B
YoY Change -1.55% 34.38% 34.37%
LONG-TERM ASSETS
Property, Plant & Equipment $7.546B $6.636B $6.636B
YoY Change 13.71% 21.41% 21.41%
Goodwill $1.844B $1.830B
YoY Change 0.8% 3.78%
Intangibles
YoY Change
Long-Term Investments $454.2M $434.3M $434.0M
YoY Change 4.58% 693.97% 689.09%
Other Assets $214.2M $195.5M $202.0M
YoY Change 9.57% 36.24% -55.01%
Total Long-Term Assets $10.11B $9.102B $9.102B
YoY Change 11.07% 17.7% 17.7%
TOTAL ASSETS
Total Short-Term Assets $6.581B $6.685B $6.685B
Total Long-Term Assets $10.11B $9.102B $9.102B
Total Assets $16.69B $15.79B $15.79B
YoY Change 5.72% 24.23% 24.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $912.4M $941.1M $941.0M
YoY Change -3.05% 66.07% 65.96%
Accrued Expenses $899.9M $843.6M $510.0M
YoY Change 6.67% 39.32% 12.58%
Deferred Revenue
YoY Change
Short-Term Debt $42.50M $23.60M $24.00M
YoY Change 80.08% -71.6% -71.08%
Long-Term Debt Due $1.000M $48.00M $48.00M
YoY Change -97.92% 220.0% 220.0%
Total Short-Term Liabilities $1.918B $1.929B $1.929B
YoY Change -0.56% 47.9% 47.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.010B $761.0M $761.0M
YoY Change 32.72% -38.92% -38.92%
Other Long-Term Liabilities $975.4M $855.1M $855.0M
YoY Change 14.07% -5.84% -5.84%
Total Long-Term Liabilities $0.00 $0.00 $1.616B
YoY Change -24.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.918B $1.929B $1.929B
Total Long-Term Liabilities $0.00 $0.00 $1.616B
Total Liabilities $1.918B $1.929B $4.145B
YoY Change -0.56% 47.9% 3.99%
SHAREHOLDERS EQUITY
Retained Earnings $10.14B $8.331B
YoY Change 21.74% 41.07%
Common Stock $1.463B $2.599B
YoY Change -43.73% 2.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.98B $11.64B $11.64B
YoY Change
Total Liabilities & Shareholders Equity $16.69B $15.79B $15.79B
YoY Change 5.72% 24.23% 24.23%

Cashflow Statement

Concept 2012 Q2 2011 Q2 2011
OPERATING ACTIVITIES
Net Income $507.3M $649.2M $2.515B
YoY Change -21.86% 63.9% 204.03%
Depreciation, Depletion And Amortization $139.7M $122.9M $447.4M
YoY Change 13.67% 9.34% 0.54%
Cash From Operating Activities $1.229B $972.9M $2.427B
YoY Change 26.35% 82.84% 78.96%
INVESTING ACTIVITIES
Capital Expenditures -$449.0M -$365.9M $1.263B
YoY Change 22.71% 33.05% 38.72%
Acquisitions
YoY Change
Other Investing Activities $3.400M $7.000M -$3.700M
YoY Change -51.43% 70.73% -5.13%
Cash From Investing Activities -$445.6M -$358.9M -$572.1M
YoY Change 24.16% 32.48% -33.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $470.2M
YoY Change 975.97%
Cash From Financing Activities -92.00M -69.40M -$585.0M
YoY Change 32.56% 80.73% -17.68%
NET CHANGE
Cash From Operating Activities 1.229B 972.9M $2.427B
Cash From Investing Activities -445.6M -358.9M -$572.1M
Cash From Financing Activities -92.00M -69.40M -$585.0M
Net Change In Cash 691.7M 544.6M $1.270B
YoY Change 27.01% 144.43% -674.74%
FREE CASH FLOW
Cash From Operating Activities $1.229B $972.9M $2.427B
Capital Expenditures -$449.0M -$365.9M $1.263B
Free Cash Flow $1.678B $1.339B $1.164B
YoY Change 25.36% 65.88% 161.23%

Facts In Submission

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<p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1. ORGANIZATION AND NATURE OF BUSINESS </font></p><p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Mosaic Company (</font><font style="font-family:Times New Roman;font-size:10pt;">before or after the Cargill</font><font style="font-family:Times New Roman;font-size:10pt;"> Transaction described in Note </font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Mosaic</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;, and with its consolidated subsidiaries, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">we</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">us</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">our</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;, or the &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Company</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;">is</font><font style="font-family:Times New Roman;font-size:10pt;"> the parent company of the business that was formed through the business combination (&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Combination</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;) of IMC Global Inc. and the Cargill Crop Nutrition fertilizer businesses (&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">CCN</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;) of Cargill, Incorporated and its subsidiaries (collectively, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Cargill</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;) on October&#160;22, 2004. </font></p><p style='margin-top:9pt; margin-bottom:5pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We produce and market concentrated phosphate and potash crop nutrients. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We conduct our business through wholly and majority owned subsidiaries as well as businesses in which we own less than a majority or a non-controlling interest, including consolidated variable interest entities and investments accounted for by the equity method. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We are organized into the following business segments:</font></p><p style='margin-top:9pt; margin-bottom:5pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Phosphates</font><font style="font-family:Times New Roman;font-size:10pt;"> business segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana which produce concentrated phosphate crop nutrients. 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(&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">PhosChem</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;), a U.S. Webb-Pomerene Act association of phosphate producers that exports concentrated phosphate crop nutrient products around the world for us and PhosChem's other member. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Our share of PhosChem's sales </font><font style="font-family:Times New Roman;font-size:10pt;">volume </font><font style="font-family:Times New Roman;font-size:10pt;">of dry phosphate crop nutrient products was </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;">% for the </font><font style="font-family:Times New Roman;font-size:10pt;">year ended May 31</font><font style="font-family:Times New Roman;font-size:10pt;">, 201</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:9pt; margin-bottom:5pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Potash</font><font style="font-family:Times New Roman;font-size:10pt;"> business segment owns and operates potash mines and production facilities in Canada and the U.S. which produce potash-based crop nutrients, animal feed ingredients and industrial products. 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<p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Accounting Estimates </font></p><p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The more significant estimates made by management relate to the recoverability of non-current assets</font><font style="font-family:Times New Roman;font-size:10pt;"> including goodwill</font><font style="font-family:Times New Roman;font-size:10pt;">, the useful lives and net realizable values of long-lived assets, environmental and reclamation liabilities including asset retirement obligations</font><font style="font-family:Times New Roman;font-size:10pt;"> (&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">AROs</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;)</font><font style="font-family:Times New Roman;font-size:10pt;">, the costs of our employee benefit obligations for pension plans and postretirement benefits, income tax related accounts including the valuation allowance against deferred income tax assets, Canadian resource tax and royalties, inventory valuation and accruals for pending legal </font><font style="font-family:Times New Roman;font-size:10pt;">and environmental </font><font style="font-family:Times New Roman;font-size:10pt;">matters. Actual results could differ from these estimates. </font></p><p style='margin-top:9pt; margin-bottom:0pt'>&#160;</p>
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CY2012 us-gaap Line Of Credit Facility Covenant Terms
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The Mosaic Credit Facility requires Mosaic to maintain certain financial ratios, including a maximum ratio of Total Debt to EBITDA (as defined) of 3.0 to 1.0 as well as a minimum Interest Coverage Ratio (as defined) of not less than 3.5 to 1.0.
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0450 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
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0.1050 pure
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0.0290 pure
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0.0750 pure
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2200000000 USD
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0 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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AssetRetirementObligationLiabilitiesIncurred
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CY2011 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
35000000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
98400000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
73100000 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
65400000 USD
CY2011 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
53700000 USD
CY2012Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2011Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
573100000 USD
CY2012Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2011Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
11800000 USD
CY2012Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
30700000 USD
CY2011Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
24100000 USD
CY2012Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
59700000 USD
CY2012Q2 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
57300000 USD
CY2012Q2 us-gaap Derivative Assets
DerivativeAssets
30700000 USD
CY2012Q2 us-gaap Derivative Financial Instruments Liabilities Fair Value Disclosure
DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure
60700000 USD
CY2012Q2 mos Fair Value Liabilities Measured On Recurring Basis Short Term Borrowings
FairValueLiabilitiesMeasuredOnRecurringBasisShortTermBorrowings
42500000 USD
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FairValueLiabilitiesMeasuredOnRecurringBasisShortTermBorrowings
23600000 USD
CY2012Q2 mos Fair Value Liabilities Measured On Recurring Basis Long Term Debt
FairValueLiabilitiesMeasuredOnRecurringBasisLongTermDebt
1116900000 USD
CY2011Q2 mos Fair Value Liabilities Measured On Recurring Basis Long Term Debt
FairValueLiabilitiesMeasuredOnRecurringBasisLongTermDebt
881500000 USD
CY2012Q2 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
751600000 USD
CY2011Q2 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
926000000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
3811000000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
3906400000 USD
CY2012Q2 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
912400000 USD
CY2011Q2 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
941100000 USD
CY2012Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
38600000 USD
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2000000 USD
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MaximumAggregateAmountOfPensionCostForCertainEmployeesOfAcquiree
19200000 USD
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RemainingAggregateAmountOfPotentialPensionCostForCertainEmployeesOfAcquiree
6900000 USD
CY2012Q2 mos Annual Amount Of Pension Cost For Employees Of Acquiree
AnnualAmountOfPensionCostForEmployeesOfAcquiree
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AnnualAmountOfPensionCostForEmployeesOfAcquiree
2900000 USD
CY2010Q2 mos Annual Amount Of Pension Cost For Employees Of Acquiree
AnnualAmountOfPensionCostForEmployeesOfAcquiree
1100000 USD
CY2012 us-gaap Defined Benefit Plan Amortization Of Net Gains Losses
DefinedBenefitPlanAmortizationOfNetGainsLosses
17300000 USD
CY2012 us-gaap Defined Benefit Plan Amortization Of Net Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit
3000000 USD
CY2012Q2 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYear
33400000 USD
CY2012Q2 mos Defined Benefit Postretirement Medical Plans Estimated Employer Contributions In Next Fiscal Year
DefinedBenefitPostretirementMedicalPlansEstimatedEmployerContributionsInNextFiscalYear
6300000 USD
CY2011Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
686200000 USD
CY2012Q2 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
736200000 USD
CY2012 mos Defined Benefit Plan Target Allocation Percentage Of Assets
DefinedBenefitPlanTargetAllocationPercentageOfAssets
0.75 pure
CY2011Q2 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1.00 pure
CY2012 mos Weighting Given To Benchmark Measurement Index Eleven Of Return Seeking Strategies
WeightingGivenToBenchmarkMeasurementIndexElevenOfReturnSeekingStrategies
0.1500 pure
CY2012 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0800 pure
CY2011 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0850 pure
CY2010 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0925 pure
CY2012 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.0550 pure
CY2011 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.0550 pure
CY2010 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.0550 pure
CY2012Q2 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2019
CY2011Q2 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2015
CY2010Q2 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2015
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
200000 USD
CY2011 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
100000 USD
CY2010 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
100000 USD
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
2700000 USD
CY2011 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
2500000 USD
CY2010 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
2600000 USD
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DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
100000 USD
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DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2300000 USD
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DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
100000 USD
CY2011 mos Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2500000 USD
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DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
100000 USD
CY2010 mos Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2400000 USD
CY2012 mos Employee Deferred Compensation Rate First Tier
EmployeeDeferredCompensationRateFirstTier
0.03 pure
CY2011 mos Employee Deferred Compensation Rate First Tier
EmployeeDeferredCompensationRateFirstTier
0.03 pure
CY2012 mos Employer Matching Rate Of Employee Deferred Compensation In First Tier
EmployerMatchingRateOfEmployeeDeferredCompensationInFirstTier
1.00 pure
CY2011 mos Employer Matching Rate Of Employee Deferred Compensation In First Tier
EmployerMatchingRateOfEmployeeDeferredCompensationInFirstTier
1.00 pure
CY2012 mos Employee Deferred Compensation Rate Second Tier
EmployeeDeferredCompensationRateSecondTier
0.03 pure
CY2011 mos Employee Deferred Compensation Rate Second Tier
EmployeeDeferredCompensationRateSecondTier
0.03 pure
CY2012 mos Employer Matching Rate Of Employee Deferred Compensation In Second Tier
EmployerMatchingRateOfEmployeeDeferredCompensationInSecondTier
0.50 pure
CY2011 mos Employer Matching Rate Of Employee Deferred Compensation In Second Tier
EmployerMatchingRateOfEmployeeDeferredCompensationInSecondTier
0.50 pure
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
30000000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
28500000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
200000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
70.62
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.21
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2400000 shares
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.88
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.93
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
36.72
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2500000 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1900000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
4.9 pure
CY2011Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
89200000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
34600000 USD
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
100000 shares
CY2011Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
6.3 pure
CY2012Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
5.8 pure
CY2012Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
33900000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
29.78
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
26.38
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
54100000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
30.96
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5500000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
25300000 USD
CY2011 mos Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
10700000 USD
CY2012 mos Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
10200000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25200000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21900000 USD
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23400000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8700000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7800000 USD
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8400000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1874000000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
315800000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
176600000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
117700000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
107400000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4691400000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
41100000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
24600000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
16300000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10200000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6300000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
13900000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
112400000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
2099900000 USD
CY2012 mos Amount Of Tonnes Granted
AmountOfTonnesGranted
100000 tonnes
CY2012 mos Amount Of Tonnes Taken
AmountOfTonnesTaken
1100000 tonnes
CY2012 mos Amount Of Tonnes Credited
AmountOfTonnesCredited
1300000 tonnes
CY2010 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
1300000000 USD
CY2012 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
3100000000 USD
CY2012Q2 mos Surety Bonds Outstanding
SuretyBondsOutstanding
185200000 USD
CY2012Q2 mos Surety Bonds Outstanding For Mining Reclamation Obligations
SuretyBondsOutstandingForMiningReclamationObligations
171300000 USD
CY2012Q2 mos Surety Bonds Outstanding For Other Than Mining Reclamation Obligations
SuretyBondsOutstandingForOtherThanMiningReclamationObligations
13900000 USD
CY2011 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
2200000000 USD
CY2012 us-gaap Contracts Revenue
ContractsRevenue
158200000 USD
CY2011 us-gaap Contracts Revenue
ContractsRevenue
186800000 USD
CY2010 us-gaap Contracts Revenue
ContractsRevenue
66100000 USD
CY2012Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
27300000 USD
CY2011Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
41700000 USD
CY2012Q2 mos Former Related Party Ownership Percentage
FormerRelatedPartyOwnershipPercentage
0.64 pure
CY2011Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
18500000 USD
CY2010Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
0 USD
CY2011Q2 us-gaap Advances To Affiliate
AdvancesToAffiliate
145700000 USD
CY2012Q2 us-gaap Advances To Affiliate
AdvancesToAffiliate
134800000 USD

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